Document:

tss_Current_Folio_Ex_1028

		
			EXHIBIT 10.28
		

		
			Amendment to Nonemployee Director Fully Vested Stock Option Agreement
		

		
			 
		

		
			This Amendment to Nonemployee Director Fully Vested Stock Option Agreement (“Amendment”) is made effective as of December 13, 2018 by and between Total System Services, Inc. (“TSYS”) and Nonemployee Director.
		

		
			Each Nonemployee Director Fully Vested Stock Option Agreement entered into between TSYS and Nonemployee Director in 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018, as applicable, is amended to delete the second and third paragraphs of Section 2 thereof in their entirety and replace them with the following:
		

		
			“In the event the Option Holder’s service as a Nonemployee Director of the Company ceases for any reason, the Option may be exercised by the Option Holder (or in the event of death the legal representative of the Option Holder’s estate or legatee under the Option Holder’s will) for the remainder of the Option’s term.”
		

		
			Except as described above, the terms of the Nonemployee Director Fully Vested Stock Option Agreement entered into between TSYS and Nonemployee Director in 2011, 2012, 2013, 2014, 2015, 2016, 2017 and 2018, as applicable, will remain in full force and effect.
		

		
			 
		

		
			In witness whereof, the parties have executed this Amendment effective as of the date set forth above.
		

		
			 
		

		
			Total System Services, Inc.
		

		
			By:/s/Garilou Page
		

		
			Title:Assistant Secretary
		

		
			 
		

		
			 
		

		
			
		

		
			Nonemployee DirectorEX-4.1

 Exhibit 4.1 
  

			
	PA-___	  	*__________* Shares
		  	Series A Preferred Stock

 OVID THERAPEUTICS INC. 

A Delaware Corporation 
 THIS
CERTIFIES THAT *__________* is the record holder of *__________* shares of Series A Convertible Preferred Stock of Ovid Therapeutics Inc. transferable only on the books of the Corporation by the holder, in person, or by
duly authorized attorney, upon surrender of this certificate properly endorsed or assigned. 
 This certificate and the shares represented
hereby are issued and shall be held subject to all the provisions of the Amended and Restated Certificate of Incorporation, the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock, and the
Amended and Restated Bylaws of the Corporation, a copy of each of which is on file at the office of the Corporation and made a part hereof as fully as though the provisions of the Amended and Restated Certificate of Incorporation, the Certificate of
Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock, and the Amended and Restated Bylaws were imprinted in full on this certificate, to all of which the holder of this certificate, by acceptance hereof,
assents. 
 The Corporation will furnish without charge to each stockholder who so requests, the powers, designations, preferences and
relative, participating, optional or other special rights of each class of stock or series thereof and the qualifications, limitations or restrictions of such preferences and/or rights. 

IN WITNESS WHEREOF, the Corporation has caused this Certificate to be signed by its duly authorized officers this ___ day of February, 2019.

  

					
	  
 Ana C. Ward, Secretary
	  	    	  	  
 Jeremy Levin, Chief Executive
Officer

	
	  

 FOR VALUE RECEIVED HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO SHARES REPRESENTED BY THE WITHIN CERTIFICATE AND
DOES HEREBY IRREVOCABLY CONSTITUTE AND APPOINT ATTORNEY TO TRANSFER THE SAID SHARES ON THE SHARE REGISTER OF THE WITHIN NAMED CORPORATION WITH FULL POWER OF SUBSTITUTION IN THE PREMISES. 

DATED 
  

					
		 		 	  
 (Signature)

 NOTICE: THE SIGNATURE ON THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE, IN EVERY
PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATEVER.exhibit43

                             ELI LILLY AND COMPANY                              Officers’ Certificate Pursuant to                              Section 3.01 of the Indenture                                   February _, 2019                                                         The undersigned, Philip Johnson, Senior Vice President, Finance, and Treasurer of   Eli Lilly and Company, an Indiana corporation (the “Company”), and Crystal T. Williams,   Assistant General Counsel and Assistant Corporate Secretary of the Company, pursuant to Section  3.01 of the Indenture dated as of February 1, 1991 (the “Indenture”), between the Company and   Deutsche Bank Trust Company Americas (as successor to Citibank, N.A.), as trustee (the   “Trustee”), as authorized by resolutions of the Board of Directors of the Company, dated February   7, 2019 , and minutes of the Risk Management Committee of the Company at its meeting on   January 21, 2019, do hereby certify as follows:                (i)   There are hereby established four series of debt securities to be issued under   the Indenture.  The title of such series of the debt securities shall be the “3.375% Notes due 2029”  (the “3.375% Notes”), the “3.875% Notes due 2039” (the “3.875% Notes”), the “3.950% Notes   due 2049” (the “3.950% Notes”) and the “4.150% Notes due 2059” (the  “4.150% Notes” and,   together with the 3.375% Notes, the 3.875% Notes and the 3.950% Notes, the “Notes”),   respectively.                (ii)  The 3.375% Notes shall be in the form, and shall have the terms, set forth   as Annex A-1. The 3.875% Notes shall be in the form, and shall have the terms, set forth as Annex   A-2.  The 3.950% Notes shall be in the form, and shall have the terms, set forth as Annex A-3.   The 4.150% Notes shall be in the form, and shall have the terms, set forth as Annex A-4. The   Notes shall be issued in the form of Registered Securities and shall not be issued in the form of   Bearer Securities.                (iii) The initial limit upon the aggregate principal amount of the Notes which   may be authenticated and delivered under the Indenture (except for Notes authenticated and   delivered upon registration or transfer of, or in exchange for, or in lieu of, other Notes pursuant to   Section 3.04, 3.05, 3.06, 4.03 or 10.04 of the Indenture) is one billion one hundred fifty million   Dollars ($1,150,000,000) with respect to the 3.375% Notes, eight hundred fifty million Dollars  ($850,000,000) with respect to the 3.875% Notes, one billion five hundred million Dollars   ($1,500,000,000) with respect to the 3.950% Notes and one billion Dollars ($1,000,000,000) with   respect to the 4.150% Notes; provided, however, that, without the consent of the Holders of any   Securities, the Company may issue additional Securities having the same terms as the Notes of a   particular series other than the date of original issuance and the first Interest Payment Date   applicable thereto.  Any such additional Securities shall constitute a single series of Securities with  the applicable Notes under the Indenture.               (iv)  The principal amount of each Note shall be payable on March 15, 2029 with  respect to the 3.375% Notes, March 15, 2039 with respect to the 3.875% Notes, March 15, 2049  with respect to the 3.950% Notes and March 15, 2059 with respect to the 4.150% Notes, unless   redeemed prior to such time in accordance with clause (xi) below.   DC: 6964650-4                                                                                                                

 

                                                                                              (v)  The 3.375% Notes shall bear interest at the rate of 3.375% per annum, the  3.875% Notes shall bear interest at the rate of 3.875% per annum, the 3.950% Notes shall bear  interest at the rate of 3.950% per annum and the 4.150% Notes shall bear interest at the rate of  4.150% per annum, in each case from February 22, 2019.  The Interest Payment Dates for each  series of Notes shall be March 15 and September 15 of each year, commencing on September 15,  2019.               (vi)  Interest shall be payable to the person in whose name a Note (or any  Predecessor Security) is registered at the close of business on the Regular Record Date  immediately preceding the applicable Interest Payment Date (or, in the case of Defaulted Interest,  in the manner provided in Section 3.07 in the Indenture).  The “Regular Record Date” for each  series of Notes shall be March 1 and September 1 (whether or not a Business Day (as defined in  each of the Notes)).               (vii) The Notes shall be denominated, and amounts due thereon shall be payable,  solely in Dollars.               (viii) The Company shall at all times maintain a Place of Payment for the Notes  in the Borough of Manhattan, The City of New York.  The Company initially appoints Deutsche  Bank Trust Company Americas, with a corporate trust office at 60 Wall Street, 16th Floor, New  York, New York 10005, for such purpose.               (ix)  The Trustee is hereby appointed as the initial Paying Agent and the initial  Security Registrar with respect to the Notes.               (x)   The Notes shall not be subject to any sinking fund or analogous provisions,  and no Holder of the Notes shall have any right to cause the Company to redeem any Notes at the  option of the Holder.               (xi)  Each series of Notes shall be redeemable, in whole or in part, at the option  of the Company at any time at the redemption prices determined in accordance with, and upon the  terms and the conditions set forth in, the applicable Note and the Indenture.               (xii) The Notes shall be issuable in the form of Global Securities registered in  the name of The Depository Trust Company, as Depositary, or its nominee.  The Global Securities  representing the Notes may be exchanged for definitive Notes only in the circumstances set forth  in the seventh and eighth paragraphs of Section 3.05 of the Indenture and in accordance with  Section 3.05 of the Indenture.               (xiii) The Notes shall be issued in minimum denominations of two thousand  Dollars ($2,000.00) and any integral multiples of one thousand Dollars ($1,000.00) in excess  thereof.               (xiv) Section 12.02 of the Indenture shall be applicable to the Notes.               (xv)  The Notes shall rank equally and pari passu with all other unsecured and  unsubordinated indebtedness of the Company.                                                                                  2                                                                                  

 

                                                                                             (xvi) The Company shall not pay any additional amounts on any of the Notes to  any Person, including any Holder who is not a United States person, in respect of any tax,  assessment or governmental charge withheld or deducted.                (xvii) For purposes of the Notes, the following terms shall have the meanings set  forth below: (1) “Discharged” means that the Company will be deemed to have paid and  discharged the entire indebtedness represented by, and obligations under, the Securities of the  series as to which Section 12.02 of the Indenture is specified as applicable and to have satisfied all  the obligations under the Indenture relating to the Securities of such series (and the Trustee, at the  expense of the Company, will execute proper instruments acknowledging the same), except (A)  the rights of Holders thereof to receive, from the trust fund described in Section 12.02(q)(1) of the  Indenture, payment of the principal of and the interest, if any, on such Securities when such  payments are due, (B) the Company’s obligations with respect to such Securities under Sections  3.05 and 3.06 (insofar as applicable to Securities of such series), 12.02 and 5.02 of the Indenture  and the Company’s obligations to the Trustee under Section 7.05 of the Indenture, (C) the rights  of Holders of Securities of any series with respect to the currency or currency units in which they  are to receive payments of principal, premium, if any, and, interest and (D) the rights, powers,  trusts, duties and immunities of the Trustee hereunder, will survive such discharge. The Company  will reimburse the trust fund for any loss suffered by it as a result of any tax, fee or other charge  imposed on or assessed against deposited U.S. Government Obligations or Foreign Government  Securities, as the case may be, or any principal or interest paid on such obligations, and, subject to  the provisions of Section 7.05 of the Indenture, will indemnify the Trustee against any claims made  against the Trustee in connection with any such loss.               (2)   “Interest Payment Date,” when used with respect to any Security, means the  Stated Maturity of an installment of interest on such Security.               (3)   “Special Record Date” for the payment of any Defaulted Interest on the  Registered Security of any series means a date fixed by the Trustee pursuant to Section 3.07 of the  Indenture.               (4)   “Valuation Date” has the meaning specified in Section 3.11(e) of the  Indenture.                (xviii) Each of the undersigned has read and understands the provisions of the  Indenture setting forth the covenants and conditions relating to the authentication and delivery by  the Trustee of the Notes, and in respect of compliance with which this certificate is being delivered,  and all definitions in the Indenture relating thereto;               (xix) Each of the undersigned has examined the Board Resolutions and the  minutes of the Risk Management Committee of the Company adopted as of or prior to the date  hereof relating to the issuance, execution, authentication, delivery and dating of the Notes, and  such agreements, certificates of public officials, certificates of officers or other representatives of  the Company and such other documents, certificates and corporate or other records as he or she  has deemed necessary or appropriate as a basis for the opinion hereinafter expressed;                                                                                   3                                                                                  

 

                                                                                               (xx)  The examinations or investigations described in paragraphs (xviii) and (xix)   are sufficient to enable each of the undersigned to express an informed opinion as to whether or   not the covenants and conditions precedent referred to above have been complied with in  accordance with the terms of the Indenture; and               (xxi) In the opinion of each of the undersigned, all covenants and conditions  precedent to the issuance by the Company and the authentication and delivery by the Trustee of  the Notes, as requested in the order, dated as of the date hereof, pursuant to which the Company  has requested that the Trustee authenticate and deliver the Notes, have been complied with in  accordance with the terms of the Indenture.               Capitalized terms used herein without definition shall have the respective meanings  ascribed to such terms in the Indenture.         [The Remainder of This Page Intentionally Left Blank; Signature Page Follows]                                                                                                                             4                                                                                   

 

                                                                                             IN WITNESS WHEREOF, the undersigned have hereunto set their hands on the date  first set forth above.                                          ELI LILLY AND COMPANY                                          By                                                                                 Name: Philip Johnson                                            Title: Senior Vice President, Finance, and                                                               Treasurer                                          By                                                                                 Name: Crystal T. Williams                                            Title: Assistant General Counsel and                                                   Assistant Corporate Secretary               [Signature Page to Officers’ Certificate Pursuant to the Indenture]                                                                                                                                                                    

 

                                                                                             Annex A-1   FORM OF 3.375% NOTE                                                                                                    

 

                                                                                                               ELI LILLY AND COMPANY                             Form of 3.375% Note due 2029    Certificate No. [*]                                              CUSIP No. [*]   Registered Global Security                                         ISIN No. [*]                UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN               AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY               TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),               TO THE COMPANY OR ITS AGENT FOR REGISTRATION               OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY               NOTE ISSUED IS REGISTERED IN THE NAME OF [*]OR IN               SUCH OTHER NAME AS REQUESTED BY AN               AUTHORIZED REPRESENTATIVE OF DTC AND ANY               PAYMENT IS MADE TO [*], ANY TRANSFER, PLEDGE OR              OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR              TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED              OWNER HEREOF, [*], HAS AN INTEREST HEREIN.                UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN               PART FOR NOTES IN DEFINITIVE REGISTERED FORM,               THIS GLOBAL NOTE MAY NOT BE TRANSFERRED               EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC,               OR BY A NOMINEE OF DTC TO DTC OR ANOTHER               NOMINEE OF DTC, OR BY DTC OR ANY SUCH NOMINEE               TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF               SUCH SUCCESSOR DEPOSITARY.          ELI LILLY AND COMPANY, an Indiana corporation (the “Company,” which term includes  any successor corporation under the Indenture referred to herein), for value received, hereby  promises to pay to [*], or its registered assigns, the principal amount of [*] million Dollars ($[*])   on March 15, 2029 (the “Stated Maturity Date”), unless redeemed on any Redemption Date (as   defined on the reverse hereof) (the Stated Maturity Date or any Redemption Date is referred to   herein as the “Maturity Date” with respect to the principal repayable on such date), upon   surrender of this Note at the office or agency of the Company for such payment in The City of   New York, in such coin or currency of the United States of America as at the time of payment   shall be legal tender for the payment of public and private debts, and to pay interest on the   outstanding principal amount until the Maturity Date at the rate of 3.375% per annum, in like   coin or currency, semi-annually on March 15 and September 15 of each year, commencing on   [*], until the date on which payment of said principal amount has been made or duly provided   for; provided, however, that if this Note is in the form of a Global Security, then payments of   principal of or premium, if any, or interest on this Note may be made at the Company’s option by   wire transfer of immediately available funds to the account specified by the Depositary for this   Note; provided further, that if this Note is not in the form of a Global Security, then payments of   principal of and premium, if any, and interest on this Note may be made at the Company’s option   by check mailed to the address of the person entitled thereto as such address shall appear in the                                         1     

 

records of the Security Registrar.  Interest on this Note shall accrue on the outstanding principal  amount thereof from, and including, the most recent Interest Payment Date to which interest has  been paid or provided for or, if no interest has been paid or duly provided for, from, and  including, [*], in each case to, but excluding, the applicable Interest Payment Date or the  Maturity Date, as the case may be.  Interest shall be computed on the basis of a 360-day year of  twelve 30-day months.  The interest payable on any Interest Payment Date shall be payable to  the person in whose name this Note is registered at the close of business on the March 1 and  September 1 (whether or not a Business Day) immediately preceding such Interest Payment  Date, except as otherwise provided in the Indenture.         If the Maturity Date or any Interest Payment Date falls on a day which is not a Business  Day, principal, premium, if any, and interest, if any, payable with respect to the Maturity Date or  such Interest Payment Date, as the case may be, shall be paid on the next succeeding Business  Day with the same force and effect as if made on the Maturity Date or such Interest Payment  Date, as the case may be, and no additional interest shall accrue on the amount so payable for the  period from and after the Maturity Date or such Interest Payment Date, as the case may be, to the  next succeeding Business Day.  As used herein, “Business Day” shall mean any day, other than a  Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are  authorized or required by law or regulation to close in The City of New York.          This Note is issued pursuant to, and shall be governed by, that certain Indenture (the  “Indenture”), dated as of February 1, 1991, between the Company and Deutsche Bank Trust  Company Americas (as successor to Citibank, N.A.), as trustee (the “Trustee”).  Capitalized  terms used in this Note without definition shall have the respective meanings ascribed to them in  the Indenture.         The provisions of this Note are continued on the reverse hereof, and such continued  provisions shall for all purposes have the same effect as though fully set forth at this place.         Unless the certificate of authentication hereon has been executed by the Trustee by the  manual signature of one of its authorized officers, this Note shall not be entitled to the benefit  under the Indenture or be valid or obligatory for any purpose.                          [This Space Intentionally Left Blank] 

 

                                                                                               IN WITNESS WHEREOF, Eli Lilly and Company has caused this instrument to be  duly signed.                                                    ELI LILLY AND COMPANY                                                                                By:________________________________                                                   Name:  Philip Johnson                                                   Title:    Senior Vice President, Finance,                                                           and Treasurer                                                         ________________________________                                                   Name:  Crystal T. Williams                                                   Title:    Assistant General Counsel and                                                           Assistant Corporate Secretary          [SEAL]                                            

 

                                                                                             This is one of the Securities of the series designated therein issued under the  within-mentioned Indenture.      Dated:                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,                                      as Trustee                                              By:____________________________________                                                  Authorized Officer                                              By:____________________________________                                                  Authorized Officer                                                

 

                                [REVERSE OF NOTE]                                                         This Note is one of a duly authorized issue of a series of debt securities (the   “Securities”) of the Company, designated as its 3.375% Notes due 2029 (the “Notes”).  The   Securities, including the Notes, are all issued or to be issued under and pursuant to the Indenture,   to which Indenture, and all Board Resolutions and Officers’ Certificates as provided therein,   reference is hereby made for a description of the rights, limitation of rights, obligations, duties   and immunities thereunder of the Company, the Trustee and the Holders of the Notes, and the   terms upon which the Notes are, and are to be, authenticated and delivered.  The Notes are   initially limited to one billion one hundred fifty million Dollars ($1,150,000,000) aggregate   principal amount; provided, however, that the Company may at any time issue additional   Securities under the Indenture in unlimited amounts having the same terms as the Notes other   than the date of original issuance and the first Interest Payment Date applicable thereto, and such   Securities shall be treated as a single series with the Notes for all purposes under the Indenture.                This Note shall constitute part of the Company’s unsecured and unsubordinated   obligations and shall rank equally in right of payment with all of the Company’s other existing  and future unsecured and unsubordinated indebtedness.  This Note shall be issuable in fully  registered form only, in minimum denominations of two thousand Dollars ($2,000) and any  integral multiples of one thousand Dollars ($1,000) in excess of that amount.               In case an Event of Default shall have occurred and be continuing with respect to  this Note, the principal hereof may be declared due and payable, and upon such declaration shall  become due and payable, in the manner, with the effect, and subject to the conditions provided in  the Indenture.  The Indenture permits the Holders of at least a majority in aggregate principal  amount of the Notes at the time outstanding to, on behalf of the Holders of all of the Notes and in  the manner and subject to the provisions of the Indenture, waive certain past defaults and rescind  and annul such past declarations and their consequences under the Indenture.               The Indenture contains provisions permitting the Company and the Trustee, with  consent of the Holders of not less than a majority of the aggregate principal amount of the Notes  at the time outstanding, evidenced as provided in the Indenture, to execute supplemental  indentures for the purpose of adding any provisions to or changing in any manner or eliminating  any of the provisions of the Indenture or of any supplemental indenture with respect to the Notes  or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no  such supplemental indenture shall (i) extend the fixed maturity, or the earlier optional date of  maturity, if any, of any Note, or reduce the principal amount thereof or the premium thereon, if  any, or reduce the rate or extend the time of payment of interest, if any, thereon or make the  principal thereof or premium, if any, or interest, if any, thereon payable in any currency other  than as provided pursuant to the Indenture or this Note, without the consent of the Holders of  each Note so affected; or (ii) reduce the aforesaid percentage of the Notes, the Holders of which  are required to consent to any such supplemental indenture, without the consent of the Holders of  all Notes then outstanding.               The Notes shall not be entitled to the benefit of any mandatory redemption,   sinking fund or analogous provisions.  

 

             Upon such notice as specified below and in accordance with the Indenture and the   terms of this Note, the Notes are subject to redemption, in whole or in part, at the election of the   Company at any time or from time to time, on a date fixed for redemption (a “Redemption   Date”) prior to the Par Call Date and at a “redemption price” equal to the greater of the following   amounts:                (i)   100% of the principal amount of the Notes being redeemed on such                     Redemption Date; and                (ii)  the sum of the present values of the remaining scheduled payments of                     principal of and interest on the Notes being redeemed that would be due if                     such Notes matured on the Par Call Date (not including the amount, if any,                     of unpaid interest accrued to, but excluding, such Redemption Date)                     discounted to such Redemption Date on a semi-annual basis (assuming a                     360-day year consisting of twelve 30-day months) at the Treasury Rate (as                     defined below), plus 0.125% (or 12.5 basis points);    plus, in each case, unpaid interest accrued on such Notes to, but excluding, such Redemption   Date.  If the Company redeems all or any part of the Notes on or after the Par Call Date, it shall   pay a redemption price equal to 100% of the principal amount of the Notes being redeemed plus   accrued and unpaid interest hereon.                  Notwithstanding the foregoing, installments of interest on the Notes that are due   and payable on each Interest Payment Date falling on or prior to a Redemption Date shall be   payable on such Interest Payment Date to the Holder(s) as of the close of business on the Regular   Record Date immediately preceding such Interest Payment Date.               The Company shall mail notice of each redemption at least 10 days but not more  than 60 days before the Redemption Date to each Holder of Notes to be redeemed.  Each notice  of redemption shall (i) specify the Redemption Date and the redemption price at which the Notes   are to be redeemed, (ii) state the applicable conditions precedent to such redemption, if any, as   described below, and (iii) state that payment of the redemption price of the Notes to be   redeemed, together with interest accrued thereon to the Redemption Date (except that if such   Redemption Date is an Interest Payment Date, such interest due on such date shall be payable to  the Holder on the Regular Record Date for such Interest Payment Date), will be made at the  office or agency to be maintained by the Company in accordance with Section 5.02 of the  Indenture (or, if desired by the Company, at the principal office of the Trustee) upon presentation  and surrender of such Notes and that from and after said date any interest thereon will cease to   accrue.                  Any notice of redemption may, at the Company’s discretion, be subject to one or   more conditions precedent, including completion of a corporate transaction. In such event, the   related notice of redemption shall describe each such condition and, if applicable, shall state that,   at the Company’s discretion, the Redemption Date may be delayed until such time (including   more than 60 days after the notice of redemption was given) as any or all such conditions shall   be satisfied (or waived by the Company in its sole discretion), or such redemption may not occur   and such notice may be rescinded in the event that any or all such conditions shall not have been  

 

 satisfied or waived by the Redemption Date, or by the Redemption Date so delayed. The   Company shall provide written notice to the Trustee prior to the close of business two Business   Days prior to the Redemption Date if any such redemption has been rescinded or delayed, and   upon receipt the Trustee shall provide such notice to each Holder.  Subject to any delay in the   Redemption Date or rescission of the notice of redemption as described above, once notice of   redemption is mailed, the Notes called for redemption shall become due and payable on the   applicable Redemption Date at the applicable redemption price.                “Comparable Treasury Issue” means, for the Notes, the United States Treasury  security selected by the Reference Treasury Dealer as having a maturity comparable to the  remaining term of such Notes to be redeemed (assuming for this purpose that the Notes matured  on the Par Call Date) that would be utilized, at the time of selection and in accordance with  customary financial practice, in pricing new issues of corporate debt securities of comparable  maturity to the remaining term of such Notes.               “Comparable Treasury Price” means, with respect to any Redemption Date prior  to the Par Call Date and the Notes to be redeemed, (A) if the Company obtains five or more  Reference Treasury Dealer Quotations for such Redemption Date, the average of such Reference  Treasury Dealer Quotations after excluding the highest and lowest of such Reference Treasury  Dealer Quotations, (B) if the Company obtains fewer than five but more than one Reference  Treasury Dealer Quotation(s), the average of such Reference Treasury Dealer Quotations, or (C)  if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury  Dealer Quotation.               “Par Call Date” means December 15, 2028.               “Reference Treasury Dealer” means (A) each of Deutsche Bank Securities Inc.,   Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse  Securities (USA) LLC (or their respective affiliates that are Primary Treasury Dealers), and their  respective successors; provided, however, that if any of the foregoing shall cease to be a primary  U.S.  Government securities dealer in the United States (a “Primary Treasury Dealer”), the  Company shall substitute therefor another Primary Treasury Dealer; and (B) any other Primary  Treasury Dealer(s) selected by the Company.               “Reference Treasury Dealer Quotation” means, with respect to each Reference  Treasury Dealer and any Redemption Date prior to the Par Call Date and the Notes to be  redeemed, the average, as determined by the Company, of the bid and asked prices for the  Comparable Treasury Issue for such Notes (expressed in each case as a percentage of its  principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00  p.m. (New York City time) on the third Business Day preceding such Redemption Date.               “Treasury Rate” means, with respect to any Redemption Date for the Notes prior  to the Par Call Date, the rate per annum equal to the semi-annual equivalent yield to maturity of  the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed  as a percentage of its principal amount) equal to the Comparable Treasury Price for such  Redemption Date.  

 

            On and after any Redemption Date, interest shall cease to accrue on the Notes or  any portion of the Notes called for redemption (unless the Company defaults in the payment of  the redemption price therefor).  Before any Redemption Date, the Company shall deposit with a  Paying Agent (or the Trustee) money sufficient to pay the redemption price of the Notes to be  redeemed on such date.  If fewer than all of the Notes are to be redeemed, then the Notes to be  redeemed shall be selected by lot by the Depositary, in the case of Notes represented by a Global  Security, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case  of Notes that are not represented by a Global Security. The Notes are subject to the defeasance  provisions set forth in Section 12.02 of the Indenture.               The Company shall not pay any additional amounts on any of the Notes to any  person, including any Holder who is not a United States person in respect of any tax, assessment  or governmental charge withheld or deducted.               No reference herein to the Indenture and no provision of this Note or of the  Indenture or of any Board Resolution shall alter or impair the obligation of the Company, which  is absolute and unconditional, to pay the principal of and premium, if any, and interest on this  Note at the times and places and at the rate and in the coin and currency herein prescribed.              This Note is transferable by the Holder hereof in person or by his or her attorney  duly authorized in writing on the books of the Company at the office or agency to be maintained  by the Company for that purpose in The City of New York, but only in the manner, subject to the  limitations and upon payment of any tax or governmental charge for which the Company may  require reimbursement as provided in the Indenture, and upon surrender and cancellation of this  Note.  Upon any registration of transfer, a new registered Note or Notes, of authorized  denomination or authorized denominations and like tenor and terms, and in the same aggregate  principal amount, shall be issued to the transferee in exchange therefor.               The Company, the Trustee, any Paying Agent and any Security Registrar may  deem and treat the Holder hereof as the absolute owner of this Note (whether or not this Note  shall be overdue and notwithstanding any notations of ownership or other writing hereon made  by anyone other than the Security Registrar) for the purpose of receiving payment of or on  account of the principal hereof and premium, if any, and interest due hereon as herein provided  and for all other purposes, and none of the Company, the Trustee, any Paying Agent or any  Security Registrar shall be affected by any notice to the contrary.               No recourse shall be had for the payment of the principal of or premium, if any, or  interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on  or in respect of the Indenture or any indenture supplemental thereto or any Board Resolution,  against any Person other than the Company or against any incorporator, stockholder, officer or  director, past, present or future, as such, of the Company or any other Person, whether by virtue  of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or  otherwise, all such liability being, by the acceptance hereof and as part of the consideration for  the issuance of this Note, expressly waived and released.               This Note shall be governed by and construed in accordance with the laws of the  State of New York.  

 

                                                                                             Annex A-2   FORM OF 3.875% NOTE                                                                                                     

 

                                                                                                               ELI LILLY AND COMPANY                             Form of 3.875% Note due 2039    Certificate No. [*]                                              CUSIP No. [*]   Registered Global Security                                         ISIN No. [*]                UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN               AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY               TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),               TO THE COMPANY OR ITS AGENT FOR REGISTRATION               OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY               NOTE ISSUED IS REGISTERED IN THE NAME OF [*] OR IN               SUCH OTHER NAME AS REQUESTED BY AN               AUTHORIZED REPRESENTATIVE OF DTC AND ANY               PAYMENT IS MADE TO [*], ANY TRANSFER, PLEDGE OR              OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR              TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED              OWNER HEREOF, [*], HAS AN INTEREST HEREIN.                UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN               PART FOR NOTES IN DEFINITIVE REGISTERED FORM,               THIS GLOBAL NOTE MAY NOT BE TRANSFERRED               EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC,               OR BY A NOMINEE OF DTC TO DTC OR ANOTHER               NOMINEE OF DTC, OR BY DTC OR ANY SUCH NOMINEE               TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF               SUCH SUCCESSOR DEPOSITARY.          ELI LILLY AND COMPANY, an Indiana corporation (the “Company,” which term includes  any successor corporation under the Indenture referred to herein), for value received, hereby  promises to pay to [*], or its registered assigns, the principal amount of [*] Dollars ($[*]) on   March 15, 2039 (the “Stated Maturity Date”), unless redeemed on any Redemption Date (as   defined on the reverse hereof) (the Stated Maturity Date or any Redemption Date is referred to   herein as the “Maturity Date” with respect to the principal repayable on such date), upon   surrender of this Note at the office or agency of the Company for such payment in The City of   New York, in such coin or currency of the United States of America as at the time of payment   shall be legal tender for the payment of public and private debts, and to pay interest on the   outstanding principal amount until the Maturity Date at the rate of 3.875% per annum, in like   coin or currency, semi-annually on March 15 and September 15 of each year, commencing on   [*], until the date on which payment of said principal amount has been made or duly provided   for; provided, however, that if this Note is in the form of a Global Security, then payments of   principal of or premium, if any, or interest on this Note may be made at the Company’s option by   wire transfer of immediately available funds to the account specified by the Depositary for this   Note; provided further, that if this Note is not in the form of a Global Security, then payments of   principal of and premium, if any, and interest on this Note may be made at the Company’s option   by check mailed to the address of the person entitled thereto as such address shall appear in the                                         1    

 

records of the Security Registrar.  Interest on this Note shall accrue on the outstanding principal  amount thereof from, and including, the most recent Interest Payment Date to which interest has  been paid or provided for or, if no interest has been paid or duly provided for, from, and  including, [*], in each case to, but excluding, the applicable Interest Payment Date or the  Maturity Date, as the case may be.  Interest shall be computed on the basis of a 360-day year of  twelve 30-day months.  The interest payable on any Interest Payment Date shall be payable to  the person in whose name this Note is registered at the close of business on the March 1 and  September 1 (whether or not a Business Day) immediately preceding such Interest Payment  Date, except as otherwise provided in the Indenture.         If the Maturity Date or any Interest Payment Date falls on a day which is not a Business  Day, principal, premium, if any, and interest, if any, payable with respect to the Maturity Date or  such Interest Payment Date, as the case may be, shall be paid on the next succeeding Business  Day with the same force and effect as if made on the Maturity Date or such Interest Payment  Date, as the case may be, and no additional interest shall accrue on the amount so payable for the  period from and after the Maturity Date or such Interest Payment Date, as the case may be, to the  next succeeding Business Day.  As used herein, “Business Day” shall mean any day, other than a  Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are  authorized or required by law or regulation to close in The City of New York.          This Note is issued pursuant to, and shall be governed by, that certain Indenture (the  “Indenture”), dated as of February 1, 1991, between the Company and Deutsche Bank Trust  Company Americas (as successor to Citibank, N.A.), as trustee (the “Trustee”).  Capitalized  terms used in this Note without definition shall have the respective meanings ascribed to them in  the Indenture.         The provisions of this Note are continued on the reverse hereof, and such continued  provisions shall for all purposes have the same effect as though fully set forth at this place.         Unless the certificate of authentication hereon has been executed by the Trustee by the  manual signature of one of its authorized officers, this Note shall not be entitled to the benefit  under the Indenture or be valid or obligatory for any purpose.                          [This Space Intentionally Left Blank] 

 

                                                                                               IN WITNESS WHEREOF, Eli Lilly and Company has caused this instrument to be  duly signed.                                                    ELI LILLY AND COMPANY                                                                                By:________________________________                                                   Name:  Philip Johnson                                                   Title:    Senior Vice President, Finance,                                                           and Treasurer                                                         ________________________________                                                   Name:  Crystal T. Williams                                                   Title:    Assistant General Counsel and                                                           Assistant Corporate Secretary          [SEAL]                                            

 

                                                                                             This is one of the Securities of the series designated therein issued under the  within-mentioned Indenture.      Dated:                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,                                      as Trustee                                              By:____________________________________                                                  Authorized Officer                                            By:____________________________________                                                  Authorized Officer                                                  

 

                                [REVERSE OF NOTE]                                                         This Note is one of a duly authorized issue of a series of debt securities (the   “Securities”) of the Company, designated as its 3.875% Notes due 2039 (the “Notes”).  The   Securities, including the Notes, are all issued or to be issued under and pursuant to the Indenture,   to which Indenture, and all Board Resolutions and Officers’ Certificates as provided therein,   reference is hereby made for a description of the rights, limitation of rights, obligations, duties   and immunities thereunder of the Company, the Trustee and the Holders of the Notes, and the   terms upon which the Notes are, and are to be, authenticated and delivered.  The Notes are   initially limited to eight hundred fifty million Dollars ($850,000,000) aggregate principal   amount; provided, however, that the Company may at any time issue additional Securities under   the Indenture in unlimited amounts having the same terms as the Notes other than the date of   original issuance and the first Interest Payment Date applicable thereto, and such Securities shall   be treated as a single series with the Notes for all purposes under the Indenture.                This Note shall constitute part of the Company’s unsecured and unsubordinated  obligations and shall rank equally in right of payment with all of the Company’s other existing  and future unsecured and unsubordinated indebtedness.  This Note shall be issuable in fully  registered form only, in minimum denominations of two thousand Dollars ($2,000) and any  integral multiples of one thousand Dollars ($1,000) in excess of that amount.               In case an Event of Default shall have occurred and be continuing with respect to  this Note, the principal hereof may be declared due and payable, and upon such declaration shall  become due and payable, in the manner, with the effect, and subject to the conditions provided in  the Indenture.  The Indenture permits the Holders of at least a majority in aggregate principal  amount of the Notes at the time outstanding to, on behalf of the Holders of all of the Notes and in  the manner and subject to the provisions of the Indenture, waive certain past defaults and rescind  and annul such past declarations and their consequences under the Indenture.               The Indenture contains provisions permitting the Company and the Trustee, with  consent of the Holders of not less than a majority of the aggregate principal amount of the Notes  at the time outstanding, evidenced as provided in the Indenture, to execute supplemental  indentures for the purpose of adding any provisions to or changing in any manner or eliminating  any of the provisions of the Indenture or of any supplemental indenture with respect to the Notes  or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no  such supplemental indenture shall (i) extend the fixed maturity, or the earlier optional date of  maturity, if any, of any Note, or reduce the principal amount thereof or the premium thereon, if  any, or reduce the rate or extend the time of payment of interest, if any, thereon or make the  principal thereof or premium, if any, or interest, if any, thereon payable in any currency other  than as provided pursuant to the Indenture or this Note, without the consent of the Holders of  each Note so affected; or (ii) reduce the aforesaid percentage of the Notes, the Holders of which  are required to consent to any such supplemental indenture, without the consent of the Holders of  all Notes then outstanding.               The Notes shall not be entitled to the benefit of any mandatory redemption,   sinking fund or analogous provisions.  

 

             Upon such notice as specified below and in accordance with the Indenture and the   terms of this Note, the Notes are subject to redemption, in whole or in part, at the election of the   Company at any time or from time to time, on a date fixed for redemption (a “Redemption   Date”) prior to the Par Call Date and at a “redemption price” equal to the greater of the following   amounts:                (i)   100% of the principal amount of the Notes being redeemed on such                     Redemption Date; and                (ii)  the sum of the present values of the remaining scheduled payments of                     principal of and interest on the Notes being redeemed that would be due if                     such Notes matured on the Par Call Date (not including the amount, if any,                     of unpaid interest accrued to, but excluding, such Redemption Date)                     discounted to such Redemption Date on a semi-annual basis (assuming a                     360-day year consisting of twelve 30-day months) at the Treasury Rate (as                     defined below), plus 0.150% (or 15 basis points);    plus, in each case, unpaid interest accrued on such Notes to, but excluding, such Redemption   Date.  If the Company redeems all or any part of the Notes on or after the Par Call Date, it shall   pay a redemption price equal to 100% of the principal amount of the Notes being redeemed plus   accrued and unpaid interest hereon.                  Notwithstanding the foregoing, installments of interest on the Notes that are due   and payable on each Interest Payment Date falling on or prior to a Redemption Date shall be   payable on such Interest Payment Date to the Holder(s) as of the close of business on the Regular   Record Date immediately preceding such Interest Payment Date.                The Company shall mail notice of each redemption at least 10 days but not more   than 60 days before the Redemption Date to each Holder of Notes to be redeemed.  Each notice   of redemption shall (i) specify the Redemption Date and the redemption price at which the Notes   are to be redeemed, (ii) state the applicable conditions precedent to such redemption, if any, as   described below, and (iii) state that payment of the redemption price of the Notes to be   redeemed, together with interest accrued thereon to the Redemption Date (except that if such   Redemption Date is an Interest Payment Date, such interest due on such date shall be payable to  the Holder on the Regular Record Date for such Interest Payment Date), will be made at the  office or agency to be maintained by the Company in accordance with Section 5.02 of the   Indenture (or, if desired by the Company, at the principal office of the Trustee) upon presentation   and surrender of such Notes and that from and after said date any interest thereon will cease to   accrue.                  Any notice of redemption may, at the Company’s discretion, be subject to one or   more conditions precedent, including completion of a corporate transaction. In such event, the   related notice of redemption shall describe each such condition and, if applicable, shall state that,   at the Company’s discretion, the Redemption Date may be delayed until such time (including   more than 60 days after the notice of redemption was given) as any or all such conditions shall   be satisfied (or waived by the Company in its sole discretion), or such redemption may not occur   and such notice may be rescinded in the event that any or all such conditions shall not have been  

 

 satisfied or waived by the Redemption Date, or by the Redemption Date so delayed. The   Company shall provide written notice to the Trustee prior to the close of business two Business   Days prior to the Redemption Date if any such redemption has been rescinded or delayed, and   upon receipt the Trustee shall provide such notice to each Holder.  Subject to any delay in the   Redemption Date or rescission of the notice of redemption as described above, once notice of   redemption is mailed, the Notes called for redemption shall become due and payable on the   applicable Redemption Date at the applicable redemption price.                “Comparable Treasury Issue” means, for the Notes, the United States Treasury  security selected by the Reference Treasury Dealer as having a maturity comparable to the  remaining term of such Notes to be redeemed (assuming for this purpose that the Notes matured  on the Par Call Date) that would be utilized, at the time of selection and in accordance with  customary financial practice, in pricing new issues of corporate debt securities of comparable  maturity to the remaining term of such Notes.               “Comparable Treasury Price” means, with respect to any Redemption Date prior  to the Par Call Date and the Notes to be redeemed, (A) if the Company obtains five or more  Reference Treasury Dealer Quotations for such Redemption Date, the average of such Reference  Treasury Dealer Quotations after excluding the highest and lowest of such Reference Treasury  Dealer Quotations, (B) if the Company obtains fewer than five but more than one Reference  Treasury Dealer Quotation(s), the average of such Reference Treasury Dealer Quotations, or (C)  if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury  Dealer Quotation.               “Par Call Date” means September 15, 2038.               “Reference Treasury Dealer” means (A) each of Deutsche Bank Securities Inc.,  Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse  Securities (USA) LLC (or their respective affiliates that are Primary Treasury Dealers), and their  respective successors; provided, however, that if any of the foregoing shall cease to be a primary  U.S.  Government securities dealer in the United States (a “Primary Treasury Dealer”), the  Company shall substitute therefor another Primary Treasury Dealer; and (B) any other Primary  Treasury Dealer(s) selected by the Company.               “Reference Treasury Dealer Quotation” means, with respect to each Reference  Treasury Dealer and any Redemption Date prior to the Par Call Date and the Notes to be  redeemed, the average, as determined by the Company, of the bid and asked prices for the  Comparable Treasury Issue for such Notes (expressed in each case as a percentage of its  principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00  p.m. (New York City time) on the third Business Day preceding such Redemption Date.               “Treasury Rate” means, with respect to any Redemption Date for the Notes prior  to the Par Call Date, the rate per annum equal to the semi-annual equivalent yield to maturity of  the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed  as a percentage of its principal amount) equal to the Comparable Treasury Price for such  Redemption Date.  

 

             On and after any Redemption Date, interest shall cease to accrue on the Notes or   any portion of the Notes called for redemption (unless the Company defaults in the payment of   the redemption price therefor).  Before any Redemption Date, the Company shall deposit with a   Paying Agent (or the Trustee) money sufficient to pay the redemption price of the Notes to be   redeemed on such date.  If fewer than all of the Notes are to be redeemed, then the Notes to be   redeemed shall be selected by lot by the Depositary, in the case of Notes represented by a Global   Security, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case   of Notes that are not represented by a Global Security. The Notes are subject to the defeasance   provisions set forth in Section 12.02 of the Indenture.                The Company shall not pay any additional amounts on any of the Notes to any   person, including any Holder who is not a United States person in respect of any tax, assessment   or governmental charge withheld or deducted.               No reference herein to the Indenture and no provision of this Note or of the  Indenture or of any Board Resolution shall alter or impair the obligation of the Company, which  is absolute and unconditional, to pay the principal of and premium, if any, and interest on this  Note at the times and places and at the rate and in the coin and currency herein prescribed.               This Note is transferable by the Holder hereof in person or by his or her attorney   duly authorized in writing on the books of the Company at the office or agency to be maintained   by the Company for that purpose in The City of New York, but only in the manner, subject to the   limitations and upon payment of any tax or governmental charge for which the Company may   require reimbursement as provided in the Indenture, and upon surrender and cancellation of this   Note.  Upon any registration of transfer, a new registered Note or Notes, of authorized   denomination or authorized denominations and like tenor and terms, and in the same aggregate   principal amount, shall be issued to the transferee in exchange therefor.                The Company, the Trustee, any Paying Agent and any Security Registrar may   deem and treat the Holder hereof as the absolute owner of this Note (whether or not this Note   shall be overdue and notwithstanding any notations of ownership or other writing hereon made   by anyone other than the Security Registrar) for the purpose of receiving payment of or on   account of the principal hereof and premium, if any, and interest due hereon as herein provided   and for all other purposes, and none of the Company, the Trustee, any Paying Agent or any   Security Registrar shall be affected by any notice to the contrary.                No recourse shall be had for the payment of the principal of or premium, if any, or   interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on   or in respect of the Indenture or any indenture supplemental thereto or any Board Resolution,   against any Person other than the Company or against any incorporator, stockholder, officer or   director, past, present or future, as such, of the Company or any other Person, whether by virtue   of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or   otherwise, all such liability being, by the acceptance hereof and as part of the consideration for   the issuance of this Note, expressly waived and released.                This Note shall be governed by and construed in accordance with the laws of the   State of New York.  

 

                                                                                             Annex A-3   FORM OF 3.950% NOTE                                                                                   

 

                                                                                                               ELI LILLY AND COMPANY                             Form of 3.950% Note due 2049    Certificate No. [*]                                              CUSIP No. [*]   Registered Global Security                                         ISIN No. [*]                UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN               AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY               TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),               TO THE COMPANY OR ITS AGENT FOR REGISTRATION               OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY               NOTE ISSUED IS REGISTERED IN THE NAME OF [*] OR IN               SUCH OTHER NAME AS REQUESTED BY AN               AUTHORIZED REPRESENTATIVE OF DTC AND ANY               PAYMENT IS MADE TO [*], ANY TRANSFER, PLEDGE OR              OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR              TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED              OWNER HEREOF, [*], HAS AN INTEREST HEREIN.                UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN               PART FOR NOTES IN DEFINITIVE REGISTERED FORM,               THIS GLOBAL NOTE MAY NOT BE TRANSFERRED               EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC,               OR BY A NOMINEE OF DTC TO DTC OR ANOTHER               NOMINEE OF DTC, OR BY DTC OR ANY SUCH NOMINEE               TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF               SUCH SUCCESSOR DEPOSITARY.          ELI LILLY AND COMPANY, an Indiana corporation (the “Company,” which term includes  any successor corporation under the Indenture referred to herein), for value received, hereby  promises to pay to [*], or its registered assigns, the principal amount of [*] Dollars ($[*]) on   March 15, 2049 (the “Stated Maturity Date”), unless redeemed on any Redemption Date (as   defined on the reverse hereof) (the Stated Maturity Date or any Redemption Date is referred to   herein as the “Maturity Date” with respect to the principal repayable on such date), upon   surrender of this Note at the office or agency of the Company for such payment in The City of   New York, in such coin or currency of the United States of America as at the time of payment   shall be legal tender for the payment of public and private debts, and to pay interest on the   outstanding principal amount until the Maturity Date at the rate of 3.950% per annum, in like   coin or currency, semi-annually on March 15 and September 15 of each year, commencing on   [*], until the date on which payment of said principal amount has been made or duly provided   for; provided, however, that if this Note is in the form of a Global Security, then payments of   principal of or premium, if any, or interest on this Note may be made at the Company’s option by   wire transfer of immediately available funds to the account specified by the Depositary for this   Note; provided further, that if this Note is not in the form of a Global Security, then payments of   principal of and premium, if any, and interest on this Note may be made at the Company’s option   by check mailed to the address of the person entitled thereto as such address shall appear in the                                         1    

 

records of the Security Registrar.  Interest on this Note shall accrue on the outstanding principal  amount thereof from, and including, the most recent Interest Payment Date to which interest has  been paid or provided for or, if no interest has been paid or duly provided for, from, and  including, [*], in each case to, but excluding, the applicable Interest Payment Date or the  Maturity Date, as the case may be.  Interest shall be computed on the basis of a 360-day year of  twelve 30-day months.  The interest payable on any Interest Payment Date shall be payable to  the person in whose name this Note is registered at the close of business on the March 1 and  September 1 (whether or not a Business Day) immediately preceding such Interest Payment  Date, except as otherwise provided in the Indenture.         If the Maturity Date or any Interest Payment Date falls on a day which is not a Business  Day, principal, premium, if any, and interest, if any, payable with respect to the Maturity Date or  such Interest Payment Date, as the case may be, shall be paid on the next succeeding Business  Day with the same force and effect as if made on the Maturity Date or such Interest Payment  Date, as the case may be, and no additional interest shall accrue on the amount so payable for the  period from and after the Maturity Date or such Interest Payment Date, as the case may be, to the  next succeeding Business Day.  As used herein, “Business Day” shall mean any day, other than a  Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are  authorized or required by law or regulation to close in The City of New York.          This Note is issued pursuant to, and shall be governed by, that certain Indenture (the  “Indenture”), dated as of February 1, 1991, between the Company and Deutsche Bank Trust  Company Americas (as successor to Citibank, N.A.), as trustee (the “Trustee”).  Capitalized  terms used in this Note without definition shall have the respective meanings ascribed to them in  the Indenture.         The provisions of this Note are continued on the reverse hereof, and such continued  provisions shall for all purposes have the same effect as though fully set forth at this place.         Unless the certificate of authentication hereon has been executed by the Trustee by the  manual signature of one of its authorized officers, this Note shall not be entitled to the benefit  under the Indenture or be valid or obligatory for any purpose.                          [This Space Intentionally Left Blank] 

 

                                                                                               IN WITNESS WHEREOF, Eli Lilly and Company has caused this instrument to be  duly signed.                                                    ELI LILLY AND COMPANY                                                                                By:________________________________                                                   Name:  Philip Johnson                                                   Title:    Senior Vice President, Finance,                                                           and Treasurer                                                         ________________________________                                                   Name:  Crystal T. Williams                                                   Title:    Assistant General Counsel and                                                           Assistant Corporate Secretary          [SEAL]                                            

 

                                                                                             This is one of the Securities of the series designated therein issued under the  within-mentioned Indenture.      Dated:                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,                                      as Trustee                                              By:____________________________________                                                  Authorized Officer                                            By:____________________________________                                                  Authorized Officer                                            

 

                                [REVERSE OF NOTE]                                                         This Note is one of a duly authorized issue of a series of debt securities (the   “Securities”) of the Company, designated as its 3.950% Notes due 2049 (the “Notes”).  The   Securities, including the Notes, are all issued or to be issued under and pursuant to the Indenture,   to which Indenture, and all Board Resolutions and Officers’ Certificates as provided therein,   reference is hereby made for a description of the rights, limitation of rights, obligations, duties   and immunities thereunder of the Company, the Trustee and the Holders of the Notes, and the   terms upon which the Notes are, and are to be, authenticated and delivered.  The Notes are   initially limited to one billion five hundred million Dollars ($1,500,000,000) aggregate principal   amount; provided, however, that the Company may at any time issue additional Securities under   the Indenture in unlimited amounts having the same terms as the Notes other than the date of   original issuance and the first Interest Payment Date applicable thereto, and such Securities shall   be treated as a single series with the Notes for all purposes under the Indenture.               This Note shall constitute part of the Company’s unsecured and unsubordinated  obligations and shall rank equally in right of payment with all of the Company’s other existing  and future unsecured and unsubordinated indebtedness.  This Note shall be issuable in fully  registered form only, in minimum denominations of two thousand Dollars ($2,000) and any  integral multiples of one thousand Dollars ($1,000) in excess of that amount.               In case an Event of Default shall have occurred and be continuing with respect to  this Note, the principal hereof may be declared due and payable, and upon such declaration shall  become due and payable, in the manner, with the effect, and subject to the conditions provided in  the Indenture.  The Indenture permits the Holders of at least a majority in aggregate principal  amount of the Notes at the time outstanding to, on behalf of the Holders of all of the Notes and in  the manner and subject to the provisions of the Indenture, waive certain past defaults and rescind  and annul such past declarations and their consequences under the Indenture.               The Indenture contains provisions permitting the Company and the Trustee, with  consent of the Holders of not less than a majority of the aggregate principal amount of the Notes  at the time outstanding, evidenced as provided in the Indenture, to execute supplemental  indentures for the purpose of adding any provisions to or changing in any manner or eliminating  any of the provisions of the Indenture or of any supplemental indenture with respect to the Notes  or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no  such supplemental indenture shall (i) extend the fixed maturity, or the earlier optional date of  maturity, if any, of any Note, or reduce the principal amount thereof or the premium thereon, if  any, or reduce the rate or extend the time of payment of interest, if any, thereon or make the  principal thereof or premium, if any, or interest, if any, thereon payable in any currency other  than as provided pursuant to the Indenture or this Note, without the consent of the Holders of  each Note so affected; or (ii) reduce the aforesaid percentage of the Notes, the Holders of which  are required to consent to any such supplemental indenture, without the consent of the Holders of  all Notes then outstanding.               The Notes shall not be entitled to the benefit of any mandatory redemption,   sinking fund or analogous provisions.  

 

            Upon such notice as specified below and in accordance with the Indenture and the  terms of this Note, the Notes are subject to redemption, in whole or in part, at the election of the  Company at any time or from time to time, on a date fixed for redemption (a “Redemption  Date”) prior to the Par Call Date and at a “redemption price” equal to the greater of the following  amounts:               (i)   100% of the principal amount of the Notes being redeemed on such                    Redemption Date; and               (ii)  the sum of the present values of the remaining scheduled payments of                    principal of and interest on the Notes being redeemed that would be due if                    such Notes matured on the Par Call Date (not including the amount, if any,                    of unpaid interest accrued to, but excluding, such Redemption Date)                    discounted to such Redemption Date on a semi-annual basis (assuming a                    360-day year consisting of twelve 30-day months) at the Treasury Rate (as                    defined below), plus 0.150% (or 15 basis points);   plus, in each case, unpaid interest accrued on such Notes to, but excluding, such Redemption  Date.  If the Company redeems all or any part of the Notes on or after the Par Call Date, it shall  pay a redemption price equal to 100% of the principal amount of the Notes being redeemed plus  accrued and unpaid interest hereon.                 Notwithstanding the foregoing, installments of interest on the Notes that are due  and payable on each Interest Payment Date falling on or prior to a Redemption Date shall be  payable on such Interest Payment Date to the Holder(s) as of the close of business on the Regular  Record Date immediately preceding such Interest Payment Date.               The Company shall mail notice of each redemption at least 10 days but not more  than 60 days before the Redemption Date to each Holder of Notes to be redeemed.  Each notice  of redemption shall (i) specify the Redemption Date and the redemption price at which the Notes  are to be redeemed, (ii) state the applicable conditions precedent to such redemption, if any, as  described below, and (iii) state that payment of the redemption price of the Notes to be  redeemed, together with interest accrued thereon to the Redemption Date (except that if such  Redemption Date is an Interest Payment Date, such interest due on such date shall be payable to  the Holder on the Regular Record Date for such Interest Payment Date), will be made at the  office or agency to be maintained by the Company in accordance with Section 5.02 of the  Indenture (or, if desired by the Company, at the principal office of the Trustee) upon presentation  and surrender of such Notes and that from and after said date any interest thereon will cease to  accrue.                 Any notice of redemption may, at the Company’s discretion, be subject to one or  more conditions precedent, including completion of a corporate transaction. In such event, the  related notice of redemption shall describe each such condition and, if applicable, shall state that,  at the Company’s discretion, the Redemption Date may be delayed until such time (including  more than 60 days after the notice of redemption was given) as any or all such conditions shall  be satisfied (or waived by the Company in its sole discretion), or such redemption may not occur  and such notice may be rescinded in the event that any or all such conditions shall not have been  

 

 satisfied or waived by the Redemption Date, or by the Redemption Date so delayed. The   Company shall provide written notice to the Trustee prior to the close of business two Business   Days prior to the Redemption Date if any such redemption has been rescinded or delayed, and   upon receipt the Trustee shall provide such notice to each Holder.  Subject to any delay in the   Redemption Date or rescission of the notice of redemption as described above, once notice of   redemption is mailed, the Notes called for redemption shall become due and payable on the   applicable Redemption Date at the applicable redemption price.                “Comparable Treasury Issue” means, for the Notes, the United States Treasury  security selected by the Reference Treasury Dealer as having a maturity comparable to the  remaining term of such Notes to be redeemed (assuming for this purpose that the Notes matured  on the Par Call Date) that would be utilized, at the time of selection and in accordance with  customary financial practice, in pricing new issues of corporate debt securities of comparable  maturity to the remaining term of such Notes.               “Comparable Treasury Price” means, with respect to any Redemption Date prior  to the Par Call Date and the Notes to be redeemed, (A) if the Company obtains five or more  Reference Treasury Dealer Quotations for such Redemption Date, the average of such Reference  Treasury Dealer Quotations after excluding the highest and lowest of such Reference Treasury  Dealer Quotations, (B) if the Company obtains fewer than five but more than one Reference  Treasury Dealer Quotation(s), the average of such Reference Treasury Dealer Quotations, or (C)  if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury  Dealer Quotation.               “Par Call Date” means September 15, 2048.               “Reference Treasury Dealer” means (A) each of Deutsche Bank Securities Inc.,   Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse  Securities (USA) LLC (or their respective affiliates that are Primary Treasury Dealers), and their  respective successors; provided, however, that if any of the foregoing shall cease to be a primary  U.S.  Government securities dealer in the United States (a “Primary Treasury Dealer”), the  Company shall substitute therefor another Primary Treasury Dealer; and (B) any other Primary  Treasury Dealer(s) selected by the Company.               “Reference Treasury Dealer Quotation” means, with respect to each Reference  Treasury Dealer and any Redemption Date prior to the Par Call Date and the Notes to be  redeemed, the average, as determined by the Company, of the bid and asked prices for the  Comparable Treasury Issue for such Notes (expressed in each case as a percentage of its  principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00  p.m. (New York City time) on the third Business Day preceding such Redemption Date.               “Treasury Rate” means, with respect to any Redemption Date for the Notes prior  to the Par Call Date, the rate per annum equal to the semi-annual equivalent yield to maturity of  the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed  as a percentage of its principal amount) equal to the Comparable Treasury Price for such  Redemption Date.  

 

            On and after any Redemption Date, interest shall cease to accrue on the Notes or  any portion of the Notes called for redemption (unless the Company defaults in the payment of  the redemption price therefor).  Before any Redemption Date, the Company shall deposit with a  Paying Agent (or the Trustee) money sufficient to pay the redemption price of the Notes to be  redeemed on such date.  If fewer than all of the Notes are to be redeemed, then the Notes to be  redeemed shall be selected by lot by the Depositary, in the case of Notes represented by a Global  Security, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case  of Notes that are not represented by a Global Security. The Notes are subject to the defeasance  provisions set forth in Section 12.02 of the Indenture.               The Company shall not pay any additional amounts on any of the Notes to any  person, including any Holder who is not a United States person in respect of any tax, assessment  or governmental charge withheld or deducted.               No reference herein to the Indenture and no provision of this Note or of the  Indenture or of any Board Resolution shall alter or impair the obligation of the Company, which  is absolute and unconditional, to pay the principal of and premium, if any, and interest on this  Note at the times and places and at the rate and in the coin and currency herein prescribed.              This Note is transferable by the Holder hereof in person or by his or her attorney  duly authorized in writing on the books of the Company at the office or agency to be maintained  by the Company for that purpose in The City of New York, but only in the manner, subject to the  limitations and upon payment of any tax or governmental charge for which the Company may  require reimbursement as provided in the Indenture, and upon surrender and cancellation of this  Note.  Upon any registration of transfer, a new registered Note or Notes, of authorized  denomination or authorized denominations and like tenor and terms, and in the same aggregate  principal amount, shall be issued to the transferee in exchange therefor.               The Company, the Trustee, any Paying Agent and any Security Registrar may  deem and treat the Holder hereof as the absolute owner of this Note (whether or not this Note  shall be overdue and notwithstanding any notations of ownership or other writing hereon made  by anyone other than the Security Registrar) for the purpose of receiving payment of or on  account of the principal hereof and premium, if any, and interest due hereon as herein provided  and for all other purposes, and none of the Company, the Trustee, any Paying Agent or any  Security Registrar shall be affected by any notice to the contrary.               No recourse shall be had for the payment of the principal of or premium, if any, or  interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on  or in respect of the Indenture or any indenture supplemental thereto or any Board Resolution,  against any Person other than the Company or against any incorporator, stockholder, officer or  director, past, present or future, as such, of the Company or any other Person, whether by virtue  of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or  otherwise, all such liability being, by the acceptance hereof and as part of the consideration for  the issuance of this Note, expressly waived and released.               This Note shall be governed by and construed in accordance with the laws of the  State of New York.  

 

                                                                                             Annex A-4                                                      FORM OF 4.150% NOTE                                                                                    

 

                                                                                                               ELI LILLY AND COMPANY                             Form of 4.150% Note due 2059    Certificate No. [*]                                              CUSIP No. [*]   Registered Global Security                                         ISIN No. [*]                UNLESS THIS GLOBAL NOTE IS PRESENTED BY AN               AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY               TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),               TO THE COMPANY OR ITS AGENT FOR REGISTRATION               OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY               NOTE ISSUED IS REGISTERED IN THE NAME OF [*] OR IN               SUCH OTHER NAME AS REQUESTED BY AN               AUTHORIZED REPRESENTATIVE OF DTC AND ANY               PAYMENT IS MADE TO [*], ANY TRANSFER, PLEDGE OR              OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR              TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED              OWNER HEREOF, [*], HAS AN INTEREST HEREIN.                UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN               PART FOR NOTES IN DEFINITIVE REGISTERED FORM,               THIS GLOBAL NOTE MAY NOT BE TRANSFERRED               EXCEPT AS A WHOLE BY DTC TO A NOMINEE OF DTC,               OR BY A NOMINEE OF DTC TO DTC OR ANOTHER               NOMINEE OF DTC, OR BY DTC OR ANY SUCH NOMINEE               TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF               SUCH SUCCESSOR DEPOSITARY.          ELI LILLY AND COMPANY, an Indiana corporation (the “Company,” which term includes  any successor corporation under the Indenture referred to herein), for value received, hereby  promises to pay to [*], or its registered assigns, the principal amount of [*] Dollars ($[*]) on   March 15, 2059 (the “Stated Maturity Date”), unless redeemed on any Redemption Date (as   defined on the reverse hereof) (the Stated Maturity Date or any Redemption Date is referred to   herein as the “Maturity Date” with respect to the principal repayable on such date), upon   surrender of this Note at the office or agency of the Company for such payment in The City of   New York, in such coin or currency of the United States of America as at the time of payment   shall be legal tender for the payment of public and private debts, and to pay interest on the   outstanding principal amount until the Maturity Date at the rate of 4.150% per annum, in like   coin or currency, semi-annually on March 15 and September 15 of each year, commencing on   [*], until the date on which payment of said principal amount has been made or duly provided   for; provided, however, that if this Note is in the form of a Global Security, then payments of   principal of or premium, if any, or interest on this Note may be made at the Company’s option by   wire transfer of immediately available funds to the account specified by the Depositary for this   Note; provided further, that if this Note is not in the form of a Global Security, then payments of   principal of and premium, if any, and interest on this Note may be made at the Company’s option   by check mailed to the address of the person entitled thereto as such address shall appear in the                                         1    

 

 records of the Security Registrar.  Interest on this Note shall accrue on the outstanding principal   amount thereof from, and including, the most recent Interest Payment Date to which interest has   been paid or provided for or, if no interest has been paid or duly provided for, from, and   including, [*], in each case to, but excluding, the applicable Interest Payment Date or the   Maturity Date, as the case may be.  Interest shall be computed on the basis of a 360-day year of   twelve 30-day months.  The interest payable on any Interest Payment Date shall be payable to   the person in whose name this Note is registered at the close of business on the March 1 and   September 1 (whether or not a Business Day) immediately preceding such Interest Payment   Date, except as otherwise provided in the Indenture.          If the Maturity Date or any Interest Payment Date falls on a day which is not a Business   Day, principal, premium, if any, and interest, if any, payable with respect to the Maturity Date or   such Interest Payment Date, as the case may be, shall be paid on the next succeeding Business   Day with the same force and effect as if made on the Maturity Date or such Interest Payment   Date, as the case may be, and no additional interest shall accrue on the amount so payable for the   period from and after the Maturity Date or such Interest Payment Date, as the case may be, to the   next succeeding Business Day.  As used herein, “Business Day” shall mean any day, other than a   Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are   authorized or required by law or regulation to close in The City of New York.           This Note is issued pursuant to, and shall be governed by, that certain Indenture (the   “Indenture”), dated as of February 1, 1991, between the Company and Deutsche Bank Trust   Company Americas (as successor to Citibank, N.A.), as trustee (the “Trustee”).  Capitalized   terms used in this Note without definition shall have the respective meanings ascribed to them in   the Indenture.          The provisions of this Note are continued on the reverse hereof, and such continued   provisions shall for all purposes have the same effect as though fully set forth at this place.          Unless the certificate of authentication hereon has been executed by the Trustee by the  manual signature of one of its authorized officers, this Note shall not be entitled to the benefit  under the Indenture or be valid or obligatory for any purpose.                           [This Space Intentionally Left Blank] 

 

                                                                                               IN WITNESS WHEREOF, Eli Lilly and Company has caused this instrument to be  duly signed.                                                    ELI LILLY AND COMPANY                                                                                By:________________________________                                                   Name:  Philip Johnson                                                   Title:    Senior Vice President, Finance,                                                           and Treasurer                                                         ________________________________                                                   Name:  Crystal T. Williams                                                   Title:    Assistant General Counsel and                                                           Assistant Corporate Secretary          [SEAL]                                            

 

                                                                                             This is one of the Securities of the series designated therein issued under the  within-mentioned Indenture.      Dated:                                          DEUTSCHE BANK TRUST COMPANY AMERICAS,                                      as Trustee                                              By:____________________________________                                                  Authorized Officer                                            By:____________________________________                                                  Authorized Officer                                                

 

                                [REVERSE OF NOTE]                                                         This Note is one of a duly authorized issue of a series of debt securities (the   “Securities”) of the Company, designated as its 4.150% Notes due 2059 (the “Notes”).  The   Securities, including the Notes, are all issued or to be issued under and pursuant to the Indenture,   to which Indenture, and all Board Resolutions and Officers’ Certificates as provided therein,   reference is hereby made for a description of the rights, limitation of rights, obligations, duties   and immunities thereunder of the Company, the Trustee and the Holders of the Notes, and the   terms upon which the Notes are, and are to be, authenticated and delivered.  The Notes are   initially limited to one billion Dollars ($1,000,000,000) aggregate principal amount; provided,   however, that the Company may at any time issue additional Securities under the Indenture in   unlimited amounts having the same terms as the Notes other than the date of original issuance   and the first Interest Payment Date applicable thereto, and such Securities shall be treated as a   single series with the Notes for all purposes under the Indenture.                This Note shall constitute part of the Company’s unsecured and unsubordinated  obligations and shall rank equally in right of payment with all of the Company’s other existing  and future unsecured and unsubordinated indebtedness.  This Note shall be issuable in fully  registered form only, in minimum denominations of two thousand Dollars ($2,000) and any  integral multiples of one thousand Dollars ($1,000) in excess of that amount.               In case an Event of Default shall have occurred and be continuing with respect to  this Note, the principal hereof may be declared due and payable, and upon such declaration shall  become due and payable, in the manner, with the effect, and subject to the conditions provided in  the Indenture.  The Indenture permits the Holders of at least a majority in aggregate principal  amount of the Notes at the time outstanding to, on behalf of the Holders of all of the Notes and in  the manner and subject to the provisions of the Indenture, waive certain past defaults and rescind  and annul such past declarations and their consequences under the Indenture.               The Indenture contains provisions permitting the Company and the Trustee, with  consent of the Holders of not less than a majority of the aggregate principal amount of the Notes  at the time outstanding, evidenced as provided in the Indenture, to execute supplemental  indentures for the purpose of adding any provisions to or changing in any manner or eliminating  any of the provisions of the Indenture or of any supplemental indenture with respect to the Notes  or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no  such supplemental indenture shall (i) extend the fixed maturity, or the earlier optional date of  maturity, if any, of any Note, or reduce the principal amount thereof or the premium thereon, if  any, or reduce the rate or extend the time of payment of interest, if any, thereon or make the  principal thereof or premium, if any, or interest, if any, thereon payable in any currency other  than as provided pursuant to the Indenture or this Note, without the consent of the Holders of  each Note so affected; or (ii) reduce the aforesaid percentage of the Notes, the Holders of which  are required to consent to any such supplemental indenture, without the consent of the Holders of  all Notes then outstanding.               The Notes shall not be entitled to the benefit of any mandatory redemption,   sinking fund or analogous provisions.  

 

             Upon such notice as specified below and in accordance with the Indenture and the   terms of this Note, the Notes are subject to redemption, in whole or in part, at the election of the   Company at any time or from time to time, on a date fixed for redemption (a “Redemption   Date”) prior to the Par Call Date and at a “redemption price” equal to the greater of the following   amounts:                (i)   100% of the principal amount of the Notes being redeemed on such                     Redemption Date; and                (ii)  the sum of the present values of the remaining scheduled payments of                     principal of and interest on the Notes being redeemed that would be due if                     such Notes matured on the Par Call Date (not including the amount, if any,                     of unpaid interest accrued to, but excluding, such Redemption Date)                     discounted to such Redemption Date on a semi-annual basis (assuming a                     360-day year consisting of twelve 30-day months) at the Treasury Rate (as                     defined below), plus 0.20% (or 20 basis points);    plus, in each case, unpaid interest accrued on such Notes to, but excluding, such Redemption   Date.  If the Company redeems all or any part of the Notes on or after the Par Call Date, it shall   pay a redemption price equal to 100% of the principal amount of the Notes being redeemed plus   accrued and unpaid interest hereon.                  Notwithstanding the foregoing, installments of interest on the Notes that are due   and payable on each Interest Payment Date falling on or prior to a Redemption Date shall be   payable on such Interest Payment Date to the Holder(s) as of the close of business on the Regular   Record Date immediately preceding such Interest Payment Date.                The Company shall mail notice of each redemption at least 10 days but not more   than 60 days before the Redemption Date to each Holder of Notes to be redeemed.  Each notice   of redemption shall (i) specify the Redemption Date and the redemption price at which the Notes   are to be redeemed, (ii) state the applicable conditions precedent to such redemption, if any, as   described below, and (iii) state that payment of the redemption price of the Notes to be   redeemed, together with interest accrued thereon to the Redemption Date (except that if such   Redemption Date is an Interest Payment Date, such interest due on such date shall be payable to  the Holder on the Regular Record Date for such Interest Payment Date), will be made at the  office or agency to be maintained by the Company in accordance with Section 5.02 of the   Indenture (or, if desired by the Company, at the principal office of the Trustee) upon presentation   and surrender of such Notes and that from and after said date any interest thereon will cease to   accrue.                  Any notice of redemption may, at the Company’s discretion, be subject to one or   more conditions precedent, including completion of a corporate transaction. In such event, the   related notice of redemption shall describe each such condition and, if applicable, shall state that,   at the Company’s discretion, the Redemption Date may be delayed until such time (including   more than 60 days after the notice of redemption was given) as any or all such conditions shall   be satisfied (or waived by the Company in its sole discretion), or such redemption may not occur   and such notice may be rescinded in the event that any or all such conditions shall not have been  

 

 satisfied or waived by the Redemption Date, or by the Redemption Date so delayed. The   Company shall provide written notice to the Trustee prior to the close of business two Business   Days prior to the Redemption Date if any such redemption has been rescinded or delayed, and   upon receipt the Trustee shall provide such notice to each Holder.  Subject to any delay in the   Redemption Date or rescission of the notice of redemption as described above, once notice of   redemption is mailed, the Notes called for redemption shall become due and payable on the   applicable Redemption Date at the applicable redemption price.                “Comparable Treasury Issue” means, for the Notes, the United States Treasury  security selected by the Reference Treasury Dealer as having a maturity comparable to the  remaining term of such Notes to be redeemed (assuming for this purpose that the Notes matured  on the Par Call Date) that would be utilized, at the time of selection and in accordance with  customary financial practice, in pricing new issues of corporate debt securities of comparable  maturity to the remaining term of such Notes.               “Comparable Treasury Price” means, with respect to any Redemption Date prior  to the Par Call Date and the Notes to be redeemed, (A) if the Company obtains five or more  Reference Treasury Dealer Quotations for such Redemption Date, the average of such Reference  Treasury Dealer Quotations after excluding the highest and lowest of such Reference Treasury  Dealer Quotations, (B) if the Company obtains fewer than five but more than one Reference  Treasury Dealer Quotation(s), the average of such Reference Treasury Dealer Quotations, or (C)  if the Company obtains only one Reference Treasury Dealer Quotation, such Reference Treasury  Dealer Quotation.               “Par Call Date” means September 15, 2058.               “Reference Treasury Dealer” means (A) each of Deutsche Bank Securities Inc.,   Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse  Securities (USA) LLC (or their respective affiliates that are Primary Treasury Dealers), and their  respective successors; provided, however, that if any of the foregoing shall cease to be a primary  U.S.  Government securities dealer in the United States (a “Primary Treasury Dealer”), the  Company shall substitute therefor another Primary Treasury Dealer; and (B) any other Primary  Treasury Dealer(s) selected by the Company.               “Reference Treasury Dealer Quotation” means, with respect to each Reference  Treasury Dealer and any Redemption Date prior to the Par Call Date and the Notes to be  redeemed, the average, as determined by the Company, of the bid and asked prices for the  Comparable Treasury Issue for such Notes (expressed in each case as a percentage of its  principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00  p.m. (New York City time) on the third Business Day preceding such Redemption Date.               “Treasury Rate” means, with respect to any Redemption Date for the Notes prior  to the Par Call Date, the rate per annum equal to the semi-annual equivalent yield to maturity of  the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed  as a percentage of its principal amount) equal to the Comparable Treasury Price for such  Redemption Date.  

 

             On and after any Redemption Date, interest shall cease to accrue on the Notes or   any portion of the Notes called for redemption (unless the Company defaults in the payment of   the redemption price therefor).  Before any Redemption Date, the Company shall deposit with a   Paying Agent (or the Trustee) money sufficient to pay the redemption price of the Notes to be   redeemed on such date.  If fewer than all of the Notes are to be redeemed, then the Notes to be   redeemed shall be selected by lot by the Depositary, in the case of Notes represented by a Global   Security, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case   of Notes that are not represented by a Global Security. The Notes are subject to the defeasance   provisions set forth in Section 12.02 of the Indenture.                The Company shall not pay any additional amounts on any of the Notes to any   person, including any Holder who is not a United States person in respect of any tax, assessment   or governmental charge withheld or deducted.               No reference herein to the Indenture and no provision of this Note or of the  Indenture or of any Board Resolution shall alter or impair the obligation of the Company, which  is absolute and unconditional, to pay the principal of and premium, if any, and interest on this  Note at the times and places and at the rate and in the coin and currency herein prescribed.               This Note is transferable by the Holder hereof in person or by his or her attorney   duly authorized in writing on the books of the Company at the office or agency to be maintained   by the Company for that purpose in The City of New York, but only in the manner, subject to the   limitations and upon payment of any tax or governmental charge for which the Company may   require reimbursement as provided in the Indenture, and upon surrender and cancellation of this   Note.  Upon any registration of transfer, a new registered Note or Notes, of authorized   denomination or authorized denominations and like tenor and terms, and in the same aggregate   principal amount, shall be issued to the transferee in exchange therefor.                The Company, the Trustee, any Paying Agent and any Security Registrar may   deem and treat the Holder hereof as the absolute owner of this Note (whether or not this Note   shall be overdue and notwithstanding any notations of ownership or other writing hereon made   by anyone other than the Security Registrar) for the purpose of receiving payment of or on   account of the principal hereof and premium, if any, and interest due hereon as herein provided   and for all other purposes, and none of the Company, the Trustee, any Paying Agent or any   Security Registrar shall be affected by any notice to the contrary.                No recourse shall be had for the payment of the principal of or premium, if any, or   interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on   or in respect of the Indenture or any indenture supplemental thereto or any Board Resolution,   against any Person other than the Company or against any incorporator, stockholder, officer or   director, past, present or future, as such, of the Company or any other Person, whether by virtue   of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or   otherwise, all such liability being, by the acceptance hereof and as part of the consideration for   the issuance of this Note, expressly waived and released.                This Note shall be governed by and construed in accordance with the laws of the   State of New York.

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