Document:

EX-10.1

   

  Exhibit 10.1

   

  Clearwater Analytics Holdings, Inc.

  777 W. Main St., Ste 900

  Boise, ID 83702

   

  April 16, 2022 

  Marcus Ryu

  Re: Advisory Services Agreement 

  Dear Marcus:

  This letter agreement (this “Agreement”) sets forth the terms and conditions governing your service relationship with Clearwater Analytics Holdings, Inc., a Delaware corporation (the “Company”). The arrangements set forth herein shall be effective as of June 2, 2022 (the “Effective Date”).

   

  You currently serve as a member of the Board of Directors of the Company (the “Board”). On the Effective Date, you will cease to serve as a member of the Board and the board of directors (or equivalent) of the Company’s affiliates and subsidiaries and commence your service as a Senior Advisor to the Company (a “Senior Advisor”) through December 2, 2023 (the “Termination Date”). The period following the Effective Date through the Termination Date is referred to as the “Term”.

   

  As a Senior Advisor to the Company, you shall use your best efforts to advise the Company with respect to its go-to-market strategy in the insurance sector as reasonably requested by the Company.

   

  You were previously granted 279,033 options to purchase Class A common stock of the Company (the “Options”) pursuant to the Option Grant Notice executed on March 9, 2021 (the “Option Grant Notice”), the Option Agreement attached to the Option Grant Notice and the Carbon Analytics Holdings LLC Equity Incentive Plan, as amended (the “Plan”). The Date of Grant of the Options was March 9, 2021 (the “Date of Grant”). The Options were assumed by the Company pursuant to the terms of the Company’s 2021 Omnibus Incentive Plan (the “Omnibus Plan”). Notwithstanding anything to the contrary in the Option Grant Notice, the Option Agreement, the Plan, and the Omnibus Plan (collectively, the “Option Terms”), as consideration for serving as Senior Advisor, the vesting schedule set forth in the Option Grant Notice will be amended such that you will only vest in the Options set forth in the table below, so long as this Agreement is not terminated by the Company for Cause (as defined in the Omnibus Plan), by you for any reason or upon our mutual agreement.

   

   

   

  

   

   

   

   

  		
	Date
	Total Options Vested

	1st Anniversary of Date of Grant (previously occurred)
	69,758

	2nd Anniversary of Date of Grant
	69,758

	30-month Anniversary of Date of Grant
	34,879

	 
	 

   

  You acknowledge and agree that no additional consideration will be payable to you for serving as a Senior Advisor to the Company. Upon the Termination Date all unvested Options shall cease to vest and be forfeited and, in accordance with the Option Terms you will have ninety

  (90) days from the Termination Date to exercise your vested Options.

   

  You acknowledge and agree that you are, and at all times during the Term, will remain, an independent contractor of the Company. In no event will you be deemed to be an employee of the Company, its subsidiaries or any of its affiliates (collectively, the “Company Group”), and you will not at any time be entitled to any employment rights from the Company Group. You acknowledge and agree that, as a non-employee, you are not eligible for any benefits made available to employees of the Company Group and, accordingly, you will not participate in any employee benefit plans, programs or arrangements of the Company Group. It is not the purpose or intention of this letter agreement or the parties to create, and the same shall not be construed as creating, any partnership, joint venture, agency, or employment relationship.

   

  By your signature below, you hereby acknowledge that the information, observations and data (including trade secrets) obtained by you while serving as a Senior Advisor concerning the business or affairs of the Company Group (“Confidential Information”) are the property of the Company Group. The term “Confidential Information” includes, but is not limited to, patent, copyright, trade secret, and proprietary information, techniques, sketches, drawings, models, inventions, know-how, processes, apparatus, equipment, algorithms, software programs, software source documents, and formulae related to the current, future and proposed products and services of the Company Group, and information concerning research, experimental work, development, design details and specifications, engineering, financial information, procurement requirements, customers, distributors (including contact information), business forecasts, sales and merchandising, and marketing plans and information. You hereby agree that you shall not disclose to any person or entity or use for your own purposes any Confidential Information or any confidential or proprietary information of other persons or entities in the possession of the Company Group (“Third Party Information”), without the prior written consent thereof, unless and to the extent that the Confidential Information or Third Party Information becomes generally known to and available for use by the public other than as a result of your acts or omissions. You shall deliver to the Company at the termination of your service as a Senior Advisor, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer files, disks and tapes, printouts and software and other documents and data (and copies thereof) embodying or relating to Third Party Information, Confidential Information or the business of the Company, its subsidiaries or their affiliates which you may then possess or have under your control.

   

   

   

  

   

   

  You further acknowledge and agree that, you will disclose to the Company if, at any time during the Term, you directly or indirectly engage in, have any equity interest in, or manage or operate any firm, corporation, partnership, business or entity (whether as director, officer, employee, agent, representative, partner, security holder, consultant, or otherwise) that engages in (directly or through any subsidiary or affiliate thereof) any business or activity that competes with any of the businesses of the Company Group. Notwithstanding the foregoing, you will not be required to inform the Company of a passive stock or equity interest in such a business, provided that the stock or other equity interest acquired is not more than two percent of the outstanding interest in such business. In addition, during the Term you will not (i) directly or indirectly solicit, on your own behalf or on behalf of any other person or entity, the services of, or hire, or interfere with the Company Group’s relationship with, any individual who is (or, at any time during the Term, was) an employee, independent contractor or director of the Company Group, or solicit any of the Company Group’s then-current employees, independent contractors, managers or directors to terminate services with the Company Group; or (ii) directly or indirectly, on your behalf or on behalf of any other person or entity, recruit or otherwise solicit any customer, distributor, vendor, sales agency, independent sales representative or supplier of the Company Group, or encourage or induce any such person to terminate its arrangement with the company Group or otherwise change or interfere with its relationship with the Company Group.

   

  18 U.S.C. § 1833(b) provides: “An individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that—(A) is made—

  (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.” Nothing in this Agreement is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C.

  § 1833(b). Accordingly, you have the right to disclose in confidence trade secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. You also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure.

   

  Further, no provision of this Agreement will be interpreted so as to impede you (or any other individual) from (i) making any disclosure of relevant and necessary information or documents in any action, investigation, or proceeding relating to this Agreement, or as required by law or legal process, including with respect to possible violations of law, (ii) participating, cooperating, or testifying in any action, investigation, or proceeding with, or providing information to, any governmental agency, legislative body or any self-regulatory organization, including, but not limited to, the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, (iii) accepting any U.S. Securities and Exchange Commission Awards, or (iv) making other disclosures under the whistleblower provisions of federal law or regulation. In addition, nothing in this Agreement or any other agreement or Company policy prohibits or restricts you from initiating communications with, or responding to any inquiry from, any administrative, governmental, regulatory or supervisory authority regarding any good faith concerns about possible violations of law or regulation. You do not need the prior authorization of

   

   

   

  

   

  the Company to make any such reports or disclosures and you will not be required to notify the Company that such reports or disclosures have been made.

   

  This Agreement may be terminated by the Company for Cause, by you upon written notice to the Company or upon our mutual agreement. The term of your Options expire as set forth in Section 7 of the Option Agreement. For the avoidance of doubt, termination of this Agreement will be deemed to be termination of your Continuous Service (as defined in the Plan). The remaining 104,638 Options of your originally granted 279,033 Options will be forfeited as of the Effective Date.

   

  This Agreement shall be binding upon and inure to the benefit of each of the undersigned and their respective successors and assigns; provided, that you may not delegate your obligations to perform the services described herein. No amendment, modification or waiver of this Agreement shall be effective unless it is made in a writing signed by each of the undersigned. This Agreement may be signed in counterparts, all of which will constitute a single agreement, and will be governed by the substantive laws of the State of Delaware. Notwithstanding the foregoing, the Company shall be entitled to any and all remedies available at law or in equity for any breach or threatened breach of this Agreement by you. This Agreement constitutes the complete agreement with respect to the subject matter hereof between each of the undersigned, and supersedes all prior or contemporaneous agreements, whether written or oral, relating thereto.

   

  You, in your capacity as Senior Advisor, shall not be considered an agent or employee of the Company for federal income tax, unemployment insurance tax or similar purposes. You acknowledge that the Company makes no warranties as to any tax consequences regarding payment (if any) of any amounts pursuant to this Agreement or any other payments by or at the direction of the Company, and acknowledge that the determination of any tax liability or other consequences of any payment made hereunder is your sole and complete responsibility. You shall file all tax returns and reports required to be filed on the basis that you are an independent contractor, rather than an employee, as defined in Treasury Regulation § 31.3121(d)-1(c)(2), and you shall indemnify the Company and its subsidiaries for the amount of any federal, state and local income, employment or other taxes (including any interest or penalties related thereto) paid by the Company or any of its subsidiaries as the result of your not withholding or remitting such taxes in connection with the amounts received pursuant to this Agreement and any other payment by or at the direction of the Company in respect of your services as a member of the Board.

   

  The intent of the parties is that payments and benefits under this Agreement comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended, and regulations and other guidance of the Treasury and the Internal Revenue Service promulgated thereunder (collectively “Code Section 409A”) or an exemption therefrom and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. In no event whatsoever shall the Company or any of its subsidiaries be liable for any additional tax, interest or penalty that may be imposed on you by Code Section 409A or damages for failing to comply with Code Section 409A. To the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation” for purposes of Code Section 409A,

  (i) all such expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by you, (ii) any

   

   

   

  

   

  right to such reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (iii) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A.

   

  *	*	*	*	*

   

   

   

  

   

   

  If the foregoing accurately sets forth our agreement with respect to the subject matter of this Agreement, please set forth your acceptance thereof in the space provided below for such purpose, whereupon this letter agreement shall become a binding agreement among us.

   

   

  Sincerely,

   

  CLEARWATER ANALYTICS HOLDINGS, INC.

   

  				
	 
	  
	By:
	/s/ Sandeep Sahai

	  
	  
	  
	Name: Sandeep Sahai

	  
	  
	  
	Title: Chief Executive Officer

   

   

  

   

  Accepted and agreed as of the date first above written:

   

  			
	 
	 /s/ Marcus Ryu
	 

	  
	  
	 

   

  MARCUS RYUEX-4.1

 Exhibit 4.1 

INTEL CORPORATION, as Issuer 

and 
 COMPUTERSHARE
TRUST COMPANY, NATIONAL ASSOCIATION, successor 
 to WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee 

 
  

3.750% Senior Notes due 2027 

4.000% Senior Notes due 2029 

4.150% Senior Notes due 2032 

4.900% Senior Notes due 2052 

5.050% Senior Notes due 2062 
  

 
 Eighteenth
Supplemental Indenture 
 Dated as of August 5, 2022 

to 
 Indenture dated as
of March 29, 2006 
  

 TABLE OF CONTENTS 

 
  

 

					
	 	  	PAGE	 
	ARTICLE 1	  

	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	
 

		
	 Section 1.01. Definitions
	  	 	2	 
	 Section 1.02. Conflicts with Base Indenture
	  	 	5	 
	
	ARTICLE 2	  

	FORM OF NOTES	  

		
	 Section 2.01. Form of Notes
	  	 	5	 
	
	ARTICLE 3	  

	THE NOTES	  

		
	 Section 3.01. Amount; Series
	  	 	5	 
	 Section 3.02. Denominations
	  	 	7	 
	 Section 3.03. Book-entry Provisions for Global Securities
	  	 	7	 
	 Section 3.04. Additional Notes
	  	 	8	 
	 Section 3.05. Execution, Authentication, Delivery and Dating
	  	 	9	 
	
	ARTICLE 4	  

	REDEMPTION OF SECURITIES	  

		
	 Section 4.01. Optional Redemption
	  	 	9	 
	
	ARTICLE 5	  

	EVENTS OF DEFAULT AND REMEDIES	  

		
	 Section 5.01. Events of Default
	  	 	11	 
	 Section 5.02. Acceleration Of Maturity; Rescission And Annulment
	  	 	12	 
	 Section 5.03. References In Base Indenture
	  	 	12	 
	 Section 5.04. Waiver Of Certain Covenants
	  	 	12	 
	
	ARTICLE 6	  

	SUPPLEMENTAL INDENTURES	  

		
	 Section 6.01. Applicability Of Base Indenture
	  	 	13	 
	 Section 6.02. Supplemental Indentures Without Consent Of Holders
	  	 	13	 
	 Section 6.03. Supplemental Indentures With Consent Of Holders
	  	 	14	 
	
	ARTICLE 7	  

	MISCELLANEOUS	  

		
	 Section 7.01. Sinking Funds
	  	 	15	 
	 Section 7.02. Confirmation of Indenture
	  	 	15	 
	 Section 7.03. Counterparts
	  	 	15	 
	 Section 7.04. Governing Law
	  	 	15	 
	 Section 7.05. Waiver of Jury Trial
	  	 	15	 

  
 i 

 EXHIBIT A-1 

FORM OF 3.750% SENIOR NOTE DUE 2027 
 EXHIBIT A-2 
 FORM OF 4.000% SENIOR NOTE DUE 2029 

EXHIBIT A-3 
 FORM OF
4.150% SENIOR NOTE DUE 2032 
 EXHIBIT A-4 

FORM OF 4.900% SENIOR NOTE DUE 2052 
 EXHIBIT A-5 
 FORM OF 5.050% SENIOR NOTE DUE 2062 

  
 ii 

 EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of August 5, 2022 (this
“Supplemental Indenture”), to the Indenture dated as of March 29, 2006 (as amended by the First Supplemental Indenture (as defined below) and as amended, modified or supplemented from time to time in accordance therewith, other
than with respect to a particular series of debt securities, the “Base Indenture” and, as amended, modified and supplemented by this Supplemental Indenture, the “Indenture”), by and between INTEL CORPORATION
(the “Company”), and COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as trustee (the “Trustee”), as successor to WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Prior Trustee”). 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Notes: 

WHEREAS, Section 611 of the Base Indenture provides that any corporation succeeding to all or substantially all of the corporate trust
business of the Trustee by sale or otherwise shall be the successor of the Trustee under the Indenture without the execution or filing of any paper or any further act on the part of any of the parties thereto, provided such corporation shall
otherwise be qualified and eligible under Article 6 of the Base Indenture; 
 WHEREAS, (i) the Prior Trustee was appointed as successor
trustee under the Base Indenture in connection with that first supplemental indenture dated as of December 3, 2007 (the “First Supplemental Indenture”) and (ii) the Trustee succeeded to all or substantially all of the
corporate trust business of the Prior Trustee on November 1, 2021, and is qualified and eligible to act as trustee under the Indenture; 

WHEREAS, the Trustee and the Company wish to formally recognize such succession by execution of this Supplemental Indenture; 

WHEREAS, the Company has duly authorized the execution and delivery of the Base Indenture to provide for the issuance from time to time of
senior debt securities to be issued in one or more series as provided in the Base Indenture; 
 WHEREAS, the Company has duly authorized the
execution and delivery, and desires and has requested the Trustee to join it in the execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Company of a series of Securities designated as its
3.750% Senior Notes due 2027 (the “2027 Notes”), a series of Securities designated as its 4.000% Senior Notes due 2029 (the “2029 Notes”), a series of Securities designated as its 4.150% Senior Notes due 2032 (the
“2032 Notes”), a series of Securities designated as its 4.900% Senior Notes due 2052 (the “2052 Notes”) and a series of Securities designated as its 5.050% Senior Notes due 2062 (the “2062 Notes”
and, together with the 2027 Notes, the 2029 Notes, the 2032 Notes and the 2052 Notes, the “Notes”), on the terms set forth herein; 

WHEREAS, Article 9 of the Base Indenture provides that a supplemental indenture may be entered into by the parties to establish the terms of
new Securities without the consent of any Holders; 

 WHEREAS, the conditions set forth in the Base Indenture for the execution and delivery of
this Supplemental Indenture have been met; and 
 WHEREAS, all things necessary to make this Supplemental Indenture a valid and binding
agreement of the parties, in accordance with its terms, and a valid amendment of, and supplement to, the Base Indenture with respect to the Notes have been done; 

NOW, THEREFORE: 
 ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL
APPLICATION 
 Section 1.01. Definitions. Capitalized terms used herein and not otherwise defined herein have the
meanings assigned to them in the Base Indenture. The words “herein”, “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to
any particular section hereof. 
 As used herein, the following terms have the specified meanings: 

“2027 Notes” has the meaning specified in the recitals of this Supplemental Indenture. 

“2029 Notes” has the meaning specified in the recitals of this Supplemental Indenture. 

“2032 Notes” has the meaning specified in the recitals of this Supplemental Indenture. 

“2052 Notes” has the meaning specified in the recitals of this Supplemental Indenture. 

“2062 Notes” has the meaning specified in the recitals of this Supplemental Indenture. 

“Additional Notes” has the meaning specified in Section 3.04 of this Supplemental Indenture. 

“Applicable Par Call Date” means with respect to the (i) 2027 Notes, July 5, 2027, (ii) 2029 Notes,
June 5, 2029, (iii) 2032 Notes, May 5, 2032, (iv) 2052 Notes, February 5, 2052 and (v) 2062 Notes, February 5, 2062. 

“Base Indenture” has the meaning specified in the recitals of this Supplemental Indenture. 

“Business Day” when used with respect to any Note, means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a
day on which banking institutions in New York, New York (or such other Place of Payment as may be subsequently specified by the Company) are authorized or obligated by law or executive order to close. 

  
 2 

 “Company” means the corporation specified as the “Company” in the
recitals of this Supplemental Indenture until a successor Person shall have become such pursuant to the applicable provisions of the Indenture, and thereafter “Company” shall mean such successor Person. 

“Corporation” means, for purposes of Section 801 of the Base Indenture as applied to the Notes, any corporation and not
any other form of business entity. 
 “Depositary” means The Depository Trust Company, a New York corporation, or any
successor. References in the Base Indenture to “U.S. Depository” or “Depository” shall be deemed to refer to “Depositary” as defined in this Supplemental Indenture. 

“First Supplemental Indenture” has the meaning specified in the recitals of this Supplemental Indenture. 

“Global Security” means, with respect to any series of Notes, a Security executed by the Company and delivered by the Trustee
to the Depositary or pursuant to a safekeeping agreement with the Depositary, all in accordance with the Indenture, which shall be registered in global form without interest coupons in the name of the Depositary or its nominee. References to
“global Security” in the Base Indenture shall be deemed to refer to “Global Security” as defined in this Supplemental Indenture. 

“Indenture” has the meaning specified in the recitals of this Supplemental Indenture. 

“Initial 2027 Notes” has the meaning set forth in Section 3.01(b). 

“Initial 2029 Notes” has the meaning set forth in Section 3.01(b). 

“Initial 2032 Notes” has the meaning set forth in Section 3.01(b). 

“Initial 2052 Notes” has the meaning set forth in Section 3.01(b). 

“Initial 2062 Notes” has the meaning set forth in Section 3.01(b). 

“Initial Notes” has the meaning set forth in Section 3.01(b). 

“Notes” has the meaning specified in the recitals of this Supplemental Indenture. 

“Notice of Default” has the meaning specified in Section 5.01(c). 

“Officer’s Certificate” means a certificate signed on behalf of the Company by chairman of the Board of Directors, chief
executive officer, chief financial officer, principal accounting officer, treasurer, president, any vice president, controller, secretary, any assistant secretary or general counsel of the Company. For purposes of the Notes (and the Indenture as
applicable to the Notes), all references in the Base Indenture to “Officers’ Certificate” shall be deemed to refer to “Officer’s Certificate” as defined in this Supplemental Indenture. 

  
 3 

 “Prior Trustee” has the meaning specified in the recitals of this
Supplemental Indenture. 
 “Property” means any property or asset, whether real, personal or mixed, or tangible or
intangible, including shares of capital stock. 
 “Remaining Life” has the meaning set forth in the definition of
“Treasury Rate.” 
 “Supplemental Indenture” has the meaning specified in the recitals of this Supplemental
Indenture. 
 “Treasury Rate” means, with respect to any redemption of a series of Notes pursuant to Section 4.01
hereof, the yield applicable to such series of Notes determined by the Company in accordance with the following two paragraphs: 
 The
Treasury Rate applicable to a series of Notes shall be determined by the Company after 4:15 p.m., New York City time (or after such time as yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve
System), on the third Business Day preceding the relevant Redemption Date based upon the yield or yields for the most recent day that appear after such time on such day in the most recent statistical release published by the Board of Governors of
the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor designation or publication) (“H.15”) under the caption “U.S. government securities–Treasury constant
maturities–Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the applicable Treasury Rate, the Company shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly
equal to the period from the relevant Redemption Date to the Applicable Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields
– one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life — and shall interpolate to the
Applicable Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the
Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal
to the relevant number of months or years, as applicable, of such Treasury constant maturity from the relevant Redemption Date. 

  
 4 

 If on the third Business Day preceding the relevant Redemption Date H.15 TCM is no longer
published, the Company shall calculate the applicable Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second Business Day preceding such Redemption Date of the
United States Treasury security maturing on, or with a maturity that is closest to, the Applicable Par Call Date, as applicable. If there is no United States Treasury security maturing on the Applicable Par Call Date but there are two or more United
States Treasury securities with a maturity date equally distant from the Applicable Par Call Date, one with a maturity date preceding the Applicable Par Call Date and one with a maturity date following the Applicable Par Call Date, the Company shall
select the United States Treasury security with a maturity date preceding the Applicable Par Call Date. If there are two or more United States Treasury securities maturing on the Applicable Par Call Date or two or more United States Treasury
securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States Treasury securities the United States Treasury security that is trading closest to par based upon the average of the bid
and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the applicable Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United
States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places.

 “Trustee” has the meaning specified in the recitals of this Supplemental Indenture. 

Section 1.02. Conflicts with Base Indenture. In the event that any provision of this Supplemental Indenture limits, qualifies or
conflicts with a provision of the Base Indenture, such provision of this Supplemental Indenture shall control. 
 ARTICLE 2 

FORM OF NOTES 

Section 2.01. Form of Notes. The Notes shall be substantially in the forms of Exhibit A-1,
Exhibit A-2, Exhibit A-3 and Exhibit A-4 hereto, which are hereby incorporated in and expressly made a part of the Indenture.

 ARTICLE 3 
 THE
NOTES 
 Section 3.01. Amount; Series. (a) There is hereby created and designated four series of Securities
under the Base Indenture: the title of the 2027 Notes shall be “3.750% Senior Notes due 2027;” the title of the 2029 Notes shall be “4.000% Senior Notes due 2029;” the title of the 2032 Notes shall be “4.150% Senior Notes
due 2032;” the title of the 2052 Notes shall be “4.900% Senior Notes due 2052;” and the title of the 2062 Notes shall be “5.050% Senior Notes due 2062.” The changes, modifications and supplements to the Base Indenture
effected by this Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes and shall not apply to any other series of Securities that may be issued under the Base Indenture unless a supplemental indenture
with respect to such other series of Securities specifically incorporates such changes, modifications and supplements. 

  
 5 

 (b) The aggregate principal amount of 2027 Notes that initially may be authenticated and
delivered under this Supplemental Indenture (the “Initial 2027 Notes”) shall be limited to $1,250,000,000, the aggregate principal amount of 2029 Notes that initially may be authenticated and delivered under this
Supplemental Indenture (the “Initial 2029 Notes”) shall be limited to $850,000,000, the aggregate principal amount of 2032 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the
“Initial 2032 Notes”) shall be limited to $1,250,000,000, the aggregate principal amount of 2052 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial
2052 Notes”) shall be limited to $1,750,000,000 and the aggregate principal amount of 2062 Notes that initially may be authenticated and delivered under this Supplemental Indenture (the “Initial 2062 Notes”
and together with the Initial 2027 Notes, the Initial 2029 Notes, the Initial 2032 Notes and the Initial 2052 Notes, the “Initial Notes”) shall be limited to $900,000,000, subject, in each case, to increase as set forth in
Section 3.04. 
 (c) The Stated Maturity of the 2027 Notes shall be August 5, 2027, the Stated Maturity of the 2029 Notes shall be
August 5, 2029, the Stated Maturity of the 2032 Notes shall be August 5, 2032, the Stated Maturity of the 2052 Notes shall be August 5, 2052 and Stated Maturity of the 2062 Notes shall be August 5, 2062. The Notes shall be
payable and may be presented for payment, purchase, redemption, registration of transfer and exchange, without service charge, at the office of the Company maintained for such purpose in Minneapolis, Minnesota, which shall initially be the office or
agency of the Trustee. 
 (d) The 2027 Notes shall bear interest at the rate of 3.750% per annum, the 2029 Notes shall bear interest at the
rate of 4.000% per annum, the 2032 Notes shall bear interest at the rate of 4.150% per annum, the 2052 Notes shall bear interest at the rate of 4.900% per annum and the 2062 Notes shall bear interest at the rate of 5.050% per annum, in each case
beginning on August 5, 2022 or from the most recent date to which interest has been paid or duly provided for, as further provided in the forms of Note annexed hereto as Exhibit A-1, Exhibit A-2, Exhibit A-3, Exhibit A-4 and Exhibit A-5, respectively. Interest shall be computed on the
basis of a 360-day year composed of twelve 30-day months. The Interest Payment Dates for the Notes shall be February 5 and August 5 of each year, beginning on
February 5, 2023, and the Regular Record Date for any interest payable on each such Interest Payment Date shall be the immediately preceding January 22 and July 22, respectively. If any Interest Payment Date, Stated Maturity or other
payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that such payment was due, and no interest will
accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day. 

  
 6 

 (e) The Notes of each series will be issued in the form of one or more Global Securities,
deposited with the Trustee as custodian for the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee as provided in Section 3.03 and the Base Indenture. 

(f) The Company shall pay the principal of any definitive Notes at the Office or Agency designated by the Company for that purpose under the
Indenture. Interest on any definitive Notes shall be payable, at the Company’s option (i) by check mailed to the Holders of such Notes at their address in the Security Register and (ii) upon application to the Registrar, not later
than the relevant Regular Record Date, by a Holder having an aggregate principal amount of definitive Notes of at least $1,000,000, by wire transfer in immediately available funds to that Holder’s account within the United States, which
application shall remain in effect until that Holder notifies, in writing, the Registrar to the contrary. 
 Section 3.02.
Denominations. The Notes of each series shall be issuable only in registered form without coupons and only in denominations of $2,000 and any multiple of $1,000 in excess thereof. 

Section 3.03. Book-entry Provisions for Global Securities. (a) Subject to Section 1.02 hereof, the provisions of
Articles 2 and 3 of the Base Indenture, as supplemented by the provisions of this Supplemental Indenture, shall apply to the Notes. 
 (b)
Each Global Security authenticated under the Indenture shall be registered in the name of the Depositary designated for such Global Security or a nominee thereof and delivered to such Depositary or nominee thereof or custodian therefor. Each such
Global Security shall constitute a single Security for all purposes of the Indenture. 
 (c) Notwithstanding any other provision in the
Indenture, no Global Security may be exchanged in whole or in part for Notes registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Security or a
nominee thereof unless (A) such Depositary (1) has notified the Company that it is unwilling or unable to continue as Depositary for such Global Security and no successor Depositary has been appointed within 90 days after such notice or
(2) ceases to be a “clearing agency” registered under Section 17A of the Exchange Act when the Depositary is required to be so registered to act as the Depositary and so notifies the Company, and no successor Depositary has been
appointed within 90 days after such notice, (B) the Company determines at any time that the Notes shall no longer be represented by Global Securities and shall inform such Depositary of such determination and participants in such Depositary
elect to withdraw their beneficial interests in the Notes from such Depositary, following notification by the Depositary of their right to do so, or (C) such exchange is made upon request by or on behalf of the Depositary in accordance with
customary procedures, following the request of a Holder seeking to exercise or enforce its rights under the Notes during the continuance of an Event of Default. 

  
 7 

 (d) Subject to clause (c) above, any exchange of a Global Security for other Notes may
be made in whole or in part, and all Notes issued in exchange for a Global Security or any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct in writing to the Trustee. 

(e) Every Note authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Security or any
portion thereof shall be authenticated and delivered in the form of, and shall be, a Global Security, unless such Note is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 

(f) Subject to the provisions of clause (h) below, the registered Holder may grant proxies and otherwise authorize any Person, including
Agent Members (as defined below in clause (h)) and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Notes. 

(g) In the event of the occurrence of any of the events specified in clause (c) above, the Company will promptly make available to the
Trustee a reasonable supply of certificated Notes in definitive, fully registered form, without interest coupons. 
 (h) Neither any members
of, or participants in, the Depositary (collectively, the “Agent Members”) nor any other Persons on whose behalf Agent Members may act shall have any rights under the Indenture with respect to any Global Security registered in the
name of the Depositary or any nominee thereof, or under any such Global Security, and the Depositary or such nominee, as the case may be, may be treated by the Company, the Trustee and any agent of the Company or the Trustee as the absolute owner
and holder of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company or the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy
or other authorization furnished by the Depositary or such nominee, as the case may be, or impair, as between the Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of customary practices of
such Persons governing the exercise of the rights of a Holder of any Note. 
 Section 3.04. Additional Notes. The Company may,
from time to time, subject to compliance with any other applicable provisions of the Indenture, without notice to or the consent of the Holders of the Notes, create and issue pursuant to the Indenture additional Notes (“Additional
Notes”) having terms and conditions set forth in Exhibit A-1, Exhibit A-2, Exhibit A-3 and Exhibit A-4, as applicable, identical to those of the other Notes of such series, except that Additional
Notes of a series: 
 (i) may have a different issue date from other Outstanding Notes of such series; 

(ii) may have a different issue price from other Outstanding Notes of such series; and 

  
 8 

 (iii) may have a different amount of interest payable on the first Interest
Payment Date after issuance than is payable on other Outstanding Notes of such series; 
 provided that if such Additional Notes are not fungible
with the applicable series of Initial Notes for U.S. federal income tax purposes, such Additional Notes will have one or more separate CUSIP numbers. Such Additional Notes may be consolidated and form a single series with, and will have the same
terms as to ranking, redemption, waivers, amendments or otherwise, as the applicable series of Notes, and will vote together as one class on all matters with respect to such series of Notes. 

Section 3.05. Execution, Authentication, Delivery and Dating. Section (1) of Section 303 of the Base Indenture shall not
apply to the Notes, and the following shall apply in lieu thereof: 
  

	 	(1)	 an Opinion of Counsel to the effect that: 

 

	 	(a)	 the execution of this Supplemental Indenture is authorized or permitted by the Base Indenture; and

  

	 	(b)	 the conditions set forth in the Base Indenture to the execution of this Indenture, the issuance, delivery and
authentication of the Notes have been satisfied; and 

 ARTICLE 4 

REDEMPTION OF SECURITIES 

Section 4.01. Optional Redemption. (a) Subject to Section 1.02 hereof, the provisions of Article 11 of the Base
Indenture, as supplemented by the provisions of this Supplemental Indenture, shall apply to the Notes. 
 (b) Prior to the Applicable Par
Call Date, the Company may redeem the Notes of any series at its option, in whole or in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the
greater of: (i) (A) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes of such series discounted to the relevant Redemption Date (assuming such Notes matured on the Applicable Par Call
Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points for the 2027 Notes, plus 20
basis points for the 2029 Notes, plus 25 basis points for the 2032 Notes, plus 30 basis points for the 2052 Notes and plus 30 basis points for the 2062 Notes less (B) interest accrued and unpaid to the relevant Redemption Date;
and (ii) 100% of the principal amount of the Notes to be redeemed, plus, in the case of either clause (i) or (ii), accrued and unpaid interest thereon to the relevant Redemption Date. On or after the Applicable Par Call Date for a series
of Notes, the Company may redeem the Notes of such series, in whole or in part, at any time and from time to time, at a Redemption Price equal to 100% of the principal amount of such Notes being redeemed plus accrued and unpaid interest thereon to
the relevant Redemption Date. The Company’s actions and determinations in determining the applicable Redemption Price shall be conclusive and binding for all purposes, absent manifest error. 

  
 9 

 (c) On and after the Redemption Date for a series of Notes, interest will cease to accrue on
such Notes or portions thereof called for redemption, unless the Company defaults in the payment of the Redemption Price. On or before the Redemption Date for any Notes, the Company shall deposit with the Trustee or a Paying Agent, funds sufficient
to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. In the case of a partial redemption, selection of the Notes for redemption shall be made pro rata, by lot or by such other method as the Trustee in its sole discretion
deems appropriate and fair, subject to the Depositary’s applicable procedures with respect to Global Notes. No Notes of a principal amount of $2,000 or less shall be redeemed in part. If any Note is to be redeemed in part only, the notice of
redemption that relates to the Note will state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed portion of the Note shall be issued in the name of the Holder of the Note upon
surrender for cancellation of the original Note. For so long as the Notes are held by the Depositary, the redemption of the Notes shall be done in accordance with the policies and procedures of the Depositary. The Company need not issue,
authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery or mailing of a notice of redemption, nor need the Company register the transfer or exchange of
any Note selected for redemption in whole or in part. 
 (d) Notice of any redemption pursuant to this Section 4.01 shall be mailed or
electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed. Such notice shall state the
Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be determined at the time such notice
is to be given, the actual Redemption Price, calculated as described above in clause (b), shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the Redemption Date. Notice of
redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price. 

(e) Notice of any redemption of Notes pursuant to this Section 4.01 may, at the Company’s discretion, be given subject to one or
more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an acquisition or other strategic transaction involving a
change of control in the Company or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that any or all
such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant Redemption Date. The Company shall provide written notice to the Trustee prior to the close of business on the
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 of the Notes in the same manner in which the notice of redemption was given. 

  
 10 

 (f) The Company shall notify Holders of any such rescission as soon as practicable after it
determines that such conditions precedent will not be able to be satisfied or the Company shall not be able or willing to waive such conditions precedent, in each case subject to policies and procedures of the Depositary. Once notice of redemption
is mailed or sent, subject to the satisfaction of any conditions precedent provided in the notice of redemption, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price as set forth
in this Section 4.01. 
 ARTICLE 5 

EVENTS OF DEFAULT AND REMEDIES 

Section 5.01. Events of Default. Section 501 of the Base Indenture shall not apply to the Notes. Each of the following events
shall constitute an “Event of Default” with respect to a series of Notes: 
 (a) default in the payment of the principal of
or premium (if any) on any Note of such series when due and payable at its Stated Maturity, upon redemption, acceleration or otherwise; 

(b) default in the payment of any interest upon any Note of such series when it becomes due and payable (if the time of payment has not been
extended or deferred), and continuance of such default for a period of 30 days; 
 (c) default in the performance, or breach, of any
covenant of the Company in the Indenture (other than a covenant a default in whose performance or whose breach is elsewhere in this Section 5.01 specifically dealt with), and continuance of such default or breach for a period of 90 days after
there has been given, by registered or certified mail, or overnight delivery service to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate principal amount of the Outstanding Notes, a written
notice specifying such default or breach and stating that such notice is a “Notice of Default” under the Indenture; 
 (d)
the entry by a court having jurisdiction in the premises of (i) a decree or order for relief in respect of the Company in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other
similar law or (ii) a decree or order adjudging the Company as bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable
Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its Property, or ordering the winding up or liquidation of its affairs, and
the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; and 

  
 11 

 (e) the commencement by the Company of a voluntary case or proceeding under any applicable
Federal or State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated as bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company
in an involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a
petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator,
assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its Property, or the making by it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its
debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action. 

Section 5.02. Acceleration Of Maturity; Rescission And Annulment. The first paragraph of Section 502 of the Base Indenture
shall not apply to the Notes, and the following shall apply in lieu thereof. If an Event of Default occurs and is continuing with respect to a series of Notes, then and in every such case except as provided below, the Trustee or the Holders of not
less than 25% in aggregate principal amount of the Outstanding Notes of such series may declare the principal amount of all such Notes, plus accrued and unpaid interest, if any, to be due and payable immediately, by a notice in writing to the
Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount shall become immediately due and payable. However, upon an Event of Default arising out of Section 5.01(d) or Section 5.01(e), the
principal amount of all Outstanding Notes, plus accrued and unpaid interest to the acceleration date, shall be due and payable immediately without notice from the Trustee or Holders. 

At any time after such a declaration of acceleration with respect to Notes of a series has been made, but before a judgment or decree for
payment of the money due has been obtained by the Trustee as hereinafter in the Indenture provided, the Holders of a majority in aggregate principal amount of the Outstanding Notes of such series, by written notice to the Company and the Trustee,
may rescind and annul such declaration and its consequences as provided in Section 502 of the Base Indenture. No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 5.03. References In Base Indenture. References to “Section 501,” “Section 501(4),”
“Section 501(5),” “Section 501(6)” and Section 501(7) in the Base Indenture shall be deemed to refer to Section 5.01, Section 5.01(c), Section 5.01(d), Section 5.01(e) and Section 5.01 of
this Supplemental Indenture, respectively. 
 Section 5.04. Waiver Of Certain Covenants. Section 1006 of the Base Indenture
shall not apply to the Notes. 

  
 12 

 ARTICLE 6 

SUPPLEMENTAL INDENTURES 

Section 6.01. Applicability Of Base Indenture. Sections 901 and 902 of the Base Indenture shall not apply to the Notes. Sections
6.02 and 6.03 of this Supplemental Indenture shall apply in lieu thereof, and references in the Base Indenture to Sections 901 and 902 shall be deemed to refer to Section 6.02 and Section 6.03, respectively. 

Section 6.02. Supplemental Indentures Without Consent Of Holders. The Company and the Trustee may amend the Indenture or the Notes
or enter into an indenture supplemental hereto without notice to or the consent of any Holder to: 
 (a) cure ambiguities, omissions,
defects or inconsistencies as evidenced by an Officer’s Certificate; 
 (b) make any change that would provide any additional rights or
benefits to the Holders of the Notes of a series; 
 (c) provide for or add guarantors with respect to the Notes of any series; 

(d) secure the Notes of any series; 

(e) provide for uncertificated Notes of any series in addition to or in place of certificated Notes of the applicable series; 

(f) evidence and provide for the acceptance of appointment by a successor Trustee; 

(g) provide for the assumption by a successor corporation of the Company’s obligations to the Holders of the Notes of any series, in
compliance with the applicable provisions of the Indenture; 
 (h) maintain the qualification of the Indenture under the Trust Indenture
Act; or 
 (i) make any change that does not adversely affect the rights of any Holder of Notes in any material respect. 

The Trustee is hereby authorized to join with the Company in the execution of any such amendment or supplemental indenture, to make any
further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any Property thereunder, but the Trustee shall not be obligated to enter into any such amendment
or supplemental indenture which affects the Trustee’s own rights, duties or immunities under the Indenture or otherwise. 
 Any
amendment or supplemental indenture authorized by the provisions of this section may be executed without notice to and without the consent of the Holders of any of the Notes at the time Outstanding, notwithstanding any of the provisions of
Section 6.03. 

  
 13 

 Section 6.03. Supplemental Indentures With Consent Of Holders. 

(a) With the consent (evidenced as provided in Article 1 of the Base Indenture) of the Holders of not less than a majority in aggregate
principal amount of all series of Securities (including the Notes) at the time Outstanding affected (voting together as a single class), the Company, when authorized by a Board Resolution, and the Trustee may, from time to time and at any time,
enter into an indenture or indentures supplemental hereto 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 or of modifying in any manner the
rights of the Holders of the Notes and the Holders of not less than a majority in aggregate principal amount of all series of Securities (including the Notes) at such time Outstanding affected (voting together as a single class) may waive, with
respect to each such series affected by such waiver, future compliance by the Company with a provision of the Indenture or the Notes. 
 (b)
Notwithstanding the provisions of paragraph (a), without the consent of each affected Holder of Notes, an amendment, supplement or waiver may not: 

(i) reduce the principal amount, extend the fixed maturity, or alter or waive the redemption provisions of the Notes; 

(ii) impair the right of any Holder of the Notes to receive payment of principal, premium or interest on the Notes on and after
the due dates for such principal, premium or interest; 
 (iii) change the Currency in which principal, any premium or
interest is paid; 
 (iv) reduce the percentage in principal amount Outstanding of Notes of any series which must consent to
an amendment, supplement or waiver or consent to take any action; 
 (v) impair the right to institute suit for the
enforcement of any payment on the Notes; 
 (vi) waive a payment default with respect to the Notes or any future guarantor of
a series of Notes; 
 (vii) reduce the interest rate or extend the time for payment of interest on the Notes; or 

(viii) adversely affect the ranking of the Notes of any series. 

It shall not be necessary for the consent of the Holders under this section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such consent shall approve the substance thereof. Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to this Section 6.03, the Company shall transmit to
the Holders of Outstanding Notes of any series affected thereby a notice setting forth the substance of such supplemental indenture. 

  
 14 

 ARTICLE 7 

MISCELLANEOUS 

Section 7.01. Sinking Funds. Article 12 of the Base Indenture shall have no application. The Notes shall not have the benefit of a
sinking fund. 
 Section 7.02. Confirmation of Indenture. The Base Indenture, as supplemented and amended by this Supplemental
Indenture and all other indentures supplemental thereto, is in all respects ratified and confirmed, and the Base Indenture, this Supplemental Indenture and all indentures supplemental thereto shall be read, taken and construed as one and the same
instrument. 
 Section 7.03. Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in
counterparts, all of which together shall constitute one and the same agreement. This Supplemental Indenture (or to any document delivered in connection with this Supplemental Indenture) shall be valid, binding, and enforceable against a party only
when executed and delivered by an authorized individual on behalf of the party by means of (i) any electronic signature permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform
Electronic Transactions Act, and/or any other relevant electronic signatures law, including relevant provisions of the Uniform Commercial Code (collectively, “Signature Law”); (ii) an original manual signature; or (iii) a
faxed, scanned, or photocopied manual signature. Each electronic signature or faxed, scanned, or photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature.
Each party hereto shall be entitled to conclusively rely upon, and shall have no liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any party and shall have no duty to investigate,
confirm or otherwise verify the validity or authenticity thereof. For avoidance of doubt, original manual signatures shall be used for execution or indorsement of writings when required under the Uniform Commercial Code or other Signature Law due to
the character or intended character of the writings 
 Section 7.04. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF). 

Section 7.05. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES, ANY OTHER OUTSTANDING SECURITIES ISSUED UNDER THE BASE INDENTURE OR THE TRANSACTIONS CONTEMPLATED HEREBY OR
THEREBY. 

  
 15 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the day and year first written above. 
  

			
	INTEL CORPORATION
		
	By:	 	 /s/ Robert M. Friess

		 	 Name:   Robert M. Friess

Title:   Corporate Vice President and Treasurer

 [Trustee Signature Follows] 

[Signature Page to Supplemental Indenture] 

 
			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Jocelyn Strong

		 	 Name:   Jocelyn Strong

		 	 Title:   Vice President

 [Signature Page to Supplemental Indenture] 

 EXHIBIT A-1 

FORM OF 3.750% SENIOR NOTE DUE 2027 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE
REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS NOTE ARE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS
OF THE INDENTURE. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 Exhibit A-1-1 

 INTEL CORPORATION 

3.750% Senior Notes due 2027 
  

			
	 No. R-[•]
	  	CUSIP No.: 458140BY5
		  	ISIN No.: US458140BY59

 $[•] 

INTEL CORPORATION, a Delaware corporation (the “Company”), for value received promises to pay to CEDE & CO. or
registered assigns the principal sum of [•] ($[•]) on August 5, 2027. 
 Interest Payment Dates: February 5 and
August 5 (each, an “Interest Payment Date”), commencing on February 5, 2023. 
 Interest Record Dates:
January 22 and July 22 (each, a “Regular Record Date”). 
 Reference is made to the further provisions of this
Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

  
 Exhibit A-1-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	INTEL CORPORATION
		
	By:	 	  

		 	 Name:   Robert M. Friess

		 	 Title:   Corporate Vice President and Treasurer

 [Signature Page to Note] 

  
 Exhibit A-1-3 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August 5, 2022 

 

			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
                

		 	Authorized Signatory

  
 Exhibit A-1-4 

 (REVERSE OF NOTE) 

INTEL CORPORATION 
 3.750% Senior
Notes due 2027 
  

	 	1.	 Interest. 

Intel Corporation (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 5, 2022. Interest on this Note will be paid to but excluding the relevant Interest
Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on February 5, 2023. If any
Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that
such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment. 

 

	 	2.	 Paying Agent. 

Initially, Computershare Trust Company, National Association (the “Trustee”) will act as Paying Agent. The Issuer may change
any Paying Agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 3.750% Senior Notes due 2027 (the “Notes”) issued under the Indenture dated as of March 29,
2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 (together, the “Base Indenture”) and, as amended, modified and supplemented by the Eighteenth Supplemental Indenture dated as of August 5,
2022 (the “Eighteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), by and between the Issuer and the Trustee, as trustee. This Note is a “Security” and the Notes are
“Securities” under the Indenture. Each series of Securities issued under the Eighteenth Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an
“Other Series of August 2022 Notes” and, together with the Notes, as the “August 2022 Notes.” 

  
 Exhibit A-1-5 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
  

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall
register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery
or mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part. 
  

	 	5.	 Amendment; Modification; Waiver. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and the rights of the Holders of each series of August 2022 Notes affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of
the Securities at the time Outstanding of all series of Securities affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with
respect to which a default under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in aggregate principal amount of all series of Securities (including the August 2022 Notes) at the time Outstanding affected (voting together as a single class), on behalf of
the Holders of all such Securities, to waive future compliance by the Issuer with certain provisions of the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. Without notice to or consent of any Holder, the
Indenture also permits the amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with qualifications of the Indenture under the TIA, or
make any other change that does not adversely affect the rights of Holders in any material respect. 

  
 Exhibit A-1-6 

	 	6.	 Optional Redemption. 

Prior to July 5, 2027 (the “Applicable Par Call Date”), the Issuer may redeem the Notes at its option, in whole or in
part, at any time and from time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: 

(i) (A) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes
discounted to the relevant Redemption Date (assuming the Notes matured on the Applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 15 basis points (such sum to be calculated as set forth in the Indenture); or 

(ii) 100% of the principal amount of the Notes to be redeemed, 

plus, in the case of either (i) or (ii), accrued interest thereon to, but not including, the Redemption Date. 

On or after the Applicable Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a Redemption Price equal
to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the relevant Redemption Date. 
 On
and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or portions thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price. On or before the Redemption Date for the Notes, the
Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. In the case of a partial redemption, selection of the Notes for redemption shall be made pro
rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair, subject to the Depositary’s applicable procedures with respect to Global Securities. No Notes of a principal amount of $2,000 or less shall
be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note shall state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed
portion of the Note shall be issued in the name of the Holder of the Note upon surrender for cancellation of the original Note. 
 Notice of
any redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed.
Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be
determined at the time such notice is to be given, the actual Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the
Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price. 

  
 Exhibit A-1-7 

 Notice of any redemption of Notes may, at the Issuer’s discretion, be given subject to
one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an acquisition or other strategic transaction
involving a change of control in the Issuer or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that
any or all such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant Redemption Date. The Issuer shall provide written notice to the Trustee prior to the close of business
one Business Day 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 of the Notes in the same manner in which the notice of redemption was given.

 The Issuer shall notify Holders of any such rescission as soon as practicable after it determines that such conditions precedent will not
be able to be satisfied or the Issuer shall not be able or willing to waive such conditions precedent, in each case subject to policies and procedures of the Depositary. Once notice of redemption is mailed or sent, subject to the satisfaction of any
conditions precedent provided in the notice of redemption, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price. 

 

	 	7.	 Defaults and Remedies. 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such
principal amount (or specified amount) shall become immediately due and payable. 
 The Indenture permits, subject to certain limitations
therein provided, Holders of not less than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee, with respect to the Notes. 
  

	 	8.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

  
 Exhibit A-1-8 

	 	9.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	10.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	11.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note without regard to conflicts of laws principles thereof. 

  
 Exhibit A-1-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint                  agent to transfer this Note on the
books of the Issuer. The agent may substitute another to act for him. 
  
  

 

			
	 Date: ________________
	  	 Your Signature: _____________________________

  
  

Sign exactly as your name appears on the other side of this Note. 
  

			
		  	  

Signature

	 Signature Guarantee:
	  	
	  
	  	  

	 Signature must be guaranteed
	  	 Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 Exhibit A-1-10 

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Security for certificated Notes or a part of another Global Security have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Security
	 	 Amount of increase

in principal amount
 of this
Global Security
	  	 Principal amount of

this Global Security

following such
 decrease
(or
 increase)
	  	 Signature of

authorized officer of

Trustee

  
 Exhibit A-1-11 

 EXHIBIT A-2 

FORM OF 4.000% SENIOR NOTE DUE 2029 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE
REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS NOTE ARE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS
OF THE INDENTURE. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 Exhibit A-2-1 

 INTEL CORPORATION 

4.000% Senior Notes due 2029 
  

			
	 No. R-[•]
	  	CUSIP No.: 458140BZ2
		  	ISIN No.: US458140BZ25

 $[•] 

INTEL CORPORATION, a Delaware corporation (the “Company”), for value received promises to pay to CEDE & CO. or
registered assigns the principal sum of [•] ($[•]) on August 5, 2029. 
 Interest Payment Dates: February 5 and
August 5 (each, an “Interest Payment Date”), commencing on February 5, 2023. 
 Interest Record Dates:
January 22 and July 22 (each, a “Regular Record Date”). 
 Reference is made to the further provisions of this
Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

  
 Exhibit A-2-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	INTEL CORPORATION
		
	By:	 	             

		 	Name: Robert M. Friess
		 	Title:   Corporate Vice President and Treasurer

 [Signature Page to Note] 

  
 Exhibit A-2-3 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August 5, 2022 

 

			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	             

		 	Authorized Signatory

  
 Exhibit A-2-4 

 (REVERSE OF NOTE) 

INTEL CORPORATION 
 4.000% Senior
Notes due 2029 
  

	 	1.	 Interest. 

Intel Corporation (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 5, 2022. Interest on this Note will be paid to but excluding the relevant Interest
Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on February 5, 2023. If any
Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that
such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment. 

 

	 	2.	 Paying Agent. 

Initially, Computershare Trust Company, National Association (the “Trustee”) will act as Paying Agent. The Issuer may change
any Paying Agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 4.000% Senior Notes due 2029 (the “Notes”) issued under the Indenture dated as of March 29,
2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 (together, the “Base Indenture”) and, as amended, modified and supplemented by the Eighteenth Supplemental Indenture dated as of August 5,
2022 (the “Eighteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), by and between the Issuer and the Trustee, as trustee. This Note is a “Security” and the Notes are
“Securities” under the Indenture. Each series of Securities issued under the Eighteenth Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an
“Other Series of August 2022 Notes” and, together with the Notes, as the “August 2022 Notes.” 

  
 Exhibit A-2-5 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
  

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall
register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery
or mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part. 
  

	 	5.	 Amendment; Modification; Waiver. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and the rights of the Holders of each series of August 2022 Notes affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of
the Securities at the time Outstanding of all series of Securities affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with
respect to which a default under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in aggregate principal amount of all series of Securities (including the August 2022 Notes) at the time Outstanding affected (voting together as a single class), on behalf of
the Holders of all such Securities, to waive future compliance by the Issuer with certain provisions of the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. Without notice to or consent of any Holder, the
Indenture also permits the amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with qualifications of the Indenture under the TIA, or
make any other change that does not adversely affect the rights of Holders in any material respect. 

  
 Exhibit A-2-6 

	 	6.	 Optional Redemption. 

Prior to June 5, 2029 (the “Applicable Par Call Date”), the Issuer may redeem the Notes at its option, in whole or in
part, at any time and from time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: 

(i) (A) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes
discounted to the relevant Redemption Date (assuming the Notes matured on the Applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 20 basis points (such sum to be calculated as set forth in the Indenture); or 

(ii) 100% of the principal amount of the Notes to be redeemed, 

plus, in the case of either (i) or (ii), accrued interest thereon to, but not including, the Redemption Date. 

On or after the Applicable Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a Redemption Price equal
to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the relevant Redemption Date. 
 On
and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or portions thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price. On or before the Redemption Date for the Notes, the
Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. In the case of a partial redemption, selection of the Notes for redemption shall be made pro
rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair, subject to the Depositary’s applicable procedures with respect to Global Securities. No Notes of a principal amount of $2,000 or less shall
be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note shall state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed
portion of the Note shall be issued in the name of the Holder of the Note upon surrender for cancellation of the original Note. 
 Notice of
any redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed.
Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be
determined at the time such notice is to be given, the actual Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the
Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price. 

  
 Exhibit A-2-7 

 Notice of any redemption of Notes may, at the Issuer’s discretion, be given subject to
one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an acquisition or other strategic transaction
involving a change of control in the Issuer or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that
any or all such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant Redemption Date. The Issuer shall provide written notice to the Trustee prior to the close of business
one Business Day 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 of the Notes in the same manner in which the notice of redemption was given.

 The Issuer shall notify Holders of any such rescission as soon as practicable after it determines that such conditions precedent will not
be able to be satisfied or the Issuer shall not be able or willing to waive such conditions precedent, in each case subject to policies and procedures of the Depositary. Once notice of redemption is mailed or sent, subject to the satisfaction of any
conditions precedent provided in the notice of redemption, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price. 

 

	 	7.	 Defaults and Remedies. 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such
principal amount (or specified amount) shall become immediately due and payable. 
 The Indenture permits, subject to certain limitations
therein provided, Holders of not less than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee, with respect to the Notes. 
  

	 	8.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

  
 Exhibit A-2-8 

	 	9.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	10.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	11.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note without regard to conflicts of laws principles thereof. 

  
 Exhibit A-2-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint                  agent to transfer this Note on the
books of the Issuer. The agent may substitute another to act for him. 
  
  

 

			
	 Date: ________________
	  	 Your Signature: _____________________________

  
  

Sign exactly as your name appears on the other side of this Note. 
  

			
		  	  

Signature

	 Signature Guarantee:
	  	
	  
	  	  

	 Signature must be guaranteed
	  	 Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 Exhibit A-2-10 

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Security for certificated Notes or a part of another Global Security have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Security
	 	 Amount of increase

in principal amount
 of this
Global Security
	  	 Principal amount of

this Global Security

following such
 decrease
(or
 increase)
	  	 Signature of

authorized officer of

Trustee

  
 Exhibit A-2-11 

 EXHIBIT A-3 

FORM OF 4.150% SENIOR NOTE DUE 2032 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE
REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS NOTE ARE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS
OF THE INDENTURE. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 Exhibit A-3-1 

 INTEL CORPORATION 

4.150% Senior Notes due 2032 
  

			
	No. R-[•]	  	CUSIP No.: 458140CA6
		  	 ISIN No.: US458140CA64

$[•]

 INTEL CORPORATION, a Delaware corporation (the “Company”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum of [•] ($[•]) on August 5, 2032. 
 Interest Payment Dates:
February 5 and August 5 (each, an “Interest Payment Date”), commencing on February 5, 2023. 
 Interest
Record Dates: January 22 and July 22 (each, a “Regular Record Date”). 
 Reference is made to the further
provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

  
 Exhibit A-3-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	INTEL CORPORATION
		
	By:	 	  

		 	Name: Robert M. Friess
		 	 Title:  Corporate Vice President and Treasurer

 [Signature Page to Note] 

  
 Exhibit A-3-3 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August 5, 2022 

 

			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 Exhibit A-3-4 

 (REVERSE OF NOTE) 

INTEL CORPORATION 
 4.150% Senior
Notes due 2032 
  

	 	1.	 Interest. 

Intel Corporation (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 5, 2022. Interest on this Note will be paid to but excluding the relevant Interest
Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on February 5, 2023. If any
Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that
such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment. 

 

	 	2.	 Paying Agent. 

Initially, Computershare Trust Company, National Association (the “Trustee”) will act as Paying Agent. The Issuer may change
any Paying Agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 4.150% Senior Notes due 2032 (the “Notes”) issued under the Indenture dated as of March 29,
2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 (together, the “Base Indenture”) and, as amended, modified and supplemented by the Eighteenth Supplemental Indenture dated as of August 5,
2022 (the “Eighteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), by and between the Issuer and the Trustee, as trustee. This Note is a “Security” and the Notes are
“Securities” under the Indenture. Each series of Securities issued under the Eighteenth Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an
“Other Series of August 2022 Notes” and, together with the Notes, as the “August 2022 Notes.” 

  
 Exhibit A-3-5 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
  

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall
register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery
or mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part. 
  

	 	5.	 Amendment; Modification; Waiver. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and the rights of the Holders of each series of August 2022 Notes affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of
the Securities at the time Outstanding of all series of Securities affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with
respect to which a default under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in aggregate principal amount of all series of Securities (including the August 2022 Notes) at the time Outstanding affected (voting together as a single class), on behalf of
the Holders of all such Securities, to waive future compliance by the Issuer with certain provisions of the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. Without notice to or consent of any Holder, the
Indenture also permits the amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with qualifications of the Indenture under the TIA, or
make any other change that does not adversely affect the rights of Holders in any material respect. 

  
 Exhibit A-3-6 

	 	6.	 Optional Redemption. 

Prior to May 5, 2032 (the “Applicable Par Call Date”), the Issuer may redeem the Notes at its option, in whole or in
part, at any time and from time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: 

(i) (A) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes
discounted to the relevant Redemption Date (assuming the Notes matured on the Applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 25 basis points (such sum to be calculated as set forth in the Indenture); or 

(ii) 100% of the principal amount of the Notes to be redeemed, 

plus, in the case of either (i) or (ii), accrued interest thereon to, but not including, the Redemption Date. 

On or after the Applicable Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a Redemption Price equal
to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the relevant Redemption Date. 
 On
and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or portions thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price. On or before the Redemption Date for the Notes, the
Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. In the case of a partial redemption, selection of the Notes for redemption shall be made pro
rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair, subject to the Depositary’s applicable procedures with respect to Global Securities. No Notes of a principal amount of $2,000 or less shall
be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note shall state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed
portion of the Note shall be issued in the name of the Holder of the Note upon surrender for cancellation of the original Note. 
 Notice of
any redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed.
Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be
determined at the time such notice is to be given, the actual Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the
Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price. 

  
 Exhibit A-3-7 

 Notice of any redemption of Notes may, at the Issuer’s discretion, be given subject to
one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an acquisition or other strategic transaction
involving a change of control in the Issuer or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that
any or all such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant Redemption Date. The Issuer shall provide written notice to the Trustee prior to the close of business
one Business Day 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 of the Notes in the same manner in which the notice of redemption was given.

 The Issuer shall notify Holders of any such rescission as soon as practicable after it determines that such conditions precedent will not
be able to be satisfied or the Issuer shall not be able or willing to waive such conditions precedent, in each case subject to policies and procedures of the Depositary. Once notice of redemption is mailed or sent, subject to the satisfaction of any
conditions precedent provided in the notice of redemption, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price. 

 

	 	7.	 Defaults and Remedies. 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such
principal amount (or specified amount) shall become immediately due and payable. 
 The Indenture permits, subject to certain limitations
therein provided, Holders of not less than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee, with respect to the Notes. 
  

	 	8.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

  
 Exhibit A-3-8 

	 	9.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	10.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	11.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note without regard to conflicts of laws principles thereof. 

  
 Exhibit A-3-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign and
transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint                  agent to transfer this Note on the
books of the Issuer. The agent may substitute another to act for him. 
  
  

 

			
	Date: ________________	  	Your
Signature:                                       
                                         
            

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		  	  

        Signature

	Signature Guarantee:	 		  	
			
	  
	 		  	  

	Signature must be guaranteed	 	            	  	        Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 Exhibit A-3-10 

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Security for certificated Notes or a part of another Global Security have been made: 

 

									
	 Date of

Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Security
	 	 Amount of increase

in principal amount
 of this
Global Security
	  	 Principal amount of

this Global Security

following such
 decrease
(or
 increase)
	  	 Signature of

authorized officer of

Trustee

  
 Exhibit A-3-11 

 EXHIBIT A-4 

FORM OF 4.900% SENIOR NOTE DUE 2052 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE
REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS NOTE ARE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS
OF THE INDENTURE. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 Exhibit A-4-1 

 INTEL CORPORATION 

4.900% Senior Notes due 2052 
  

			
	No. R-[•]	  	CUSIP No.: 458140CB4
		  	ISIN No.: US458140CB48

 $[•] 

INTEL CORPORATION, a Delaware corporation (the “Company”), for value received promises to pay to CEDE & CO. or
registered assigns the principal sum of [•] ($[•]) on August 5, 2052. 
 Interest Payment Dates: February 5 and
August 5 (each, an “Interest Payment Date”), commencing on February 5, 2023. 
 Interest Record Dates:
January 22 and July 22 (each, a “Regular Record Date”). 
 Reference is made to the further provisions of this
Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

  
 Exhibit A-4-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	INTEL CORPORATION
		
	By:	 	  

		 	Name: Robert M. Friess
		 	 Title:  Corporate Vice President and Treasurer

 [Signature Page to Note] 

  
 Exhibit A-4-3 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August 5, 2022 

 

			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 Exhibit A-4-4 

 (REVERSE OF NOTE) 

INTEL CORPORATION 
 4.900% Senior
Notes due 2052 
  

	 	1.	 Interest. 

Intel Corporation (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 5, 2022. Interest on this Note will be paid to but excluding the relevant Interest
Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on February 5, 2023. If any
Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that
such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment. 

 

	 	2.	 Paying Agent. 

Initially, Computershare Trust Company, National Association (the “Trustee”) will act as Paying Agent. The Issuer may change
any Paying Agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 4.900% Senior Notes due 2052 (the “Notes”) issued under the Indenture dated as of March 29,
2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 (together, the “Base Indenture”) and, as amended, modified and supplemented by the Eighteenth Supplemental Indenture dated as of August 5,
2022 (the “Eighteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), by and between the Issuer and the Trustee, as trustee. This Note is a “Security” and the Notes are
“Securities” under the Indenture. Each series of Securities issued under the Eighteenth Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an
“Other Series of August 2022 Notes” and, together with the Notes, as the “August 2022 Notes.” 

  
 Exhibit A-4-5 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
  

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall
register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery
or mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part. 
  

	 	5.	 Amendment; Modification; Waiver. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and the rights of the Holders of each series of August 2022 Notes affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of
the Securities at the time Outstanding of all series of Securities affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with
respect to which a default under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in aggregate principal amount of all series of Securities (including the August 2022 Notes) at the time Outstanding affected (voting together as a single class), on behalf of
the Holders of all such Securities, to waive future compliance by the Issuer with certain provisions of the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. Without notice to or consent of any Holder, the
Indenture also permits the amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with qualifications of the Indenture under the TIA, or
make any other change that does not adversely affect the rights of Holders in any material respect. 

  
 Exhibit A-4-6 

	 	6.	 Optional Redemption. 

Prior to February 5, 2052 (the “Applicable Par Call Date”), the Issuer may redeem the Notes at its option, in whole or
in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: 

(i) (A) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes
discounted to the relevant Redemption Date (assuming the Notes matured on the Applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 30 basis points (such sum to be calculated as set forth in the Indenture); or 

(ii) 100% of the principal amount of the Notes to be redeemed, 

plus, in the case of either (i) or (ii), accrued interest thereon to, but not including, the Redemption Date. 

On or after the Applicable Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a Redemption Price equal
to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the relevant Redemption Date. 
 On
and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or portions thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price. On or before the Redemption Date for the Notes, the
Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. In the case of a partial redemption, selection of the Notes for redemption shall be made pro
rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair, subject to the Depositary’s applicable procedures with respect to Global Securities. No Notes of a principal amount of $2,000 or less shall
be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note shall state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed
portion of the Note shall be issued in the name of the Holder of the Note upon surrender for cancellation of the original Note. 
 Notice of
any redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed.
Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be
determined at the time such notice is to be given, the actual Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the
Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price. 

  
 Exhibit A-4-7 

 Notice of any redemption of Notes may, at the Issuer’s discretion, be given subject to
one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an acquisition or other strategic transaction
involving a change of control in the Issuer or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that
any or all such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant Redemption Date. The Issuer shall provide written notice to the Trustee prior to the close of business
one Business Day 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 of the Notes in the same manner in which the notice of redemption was given.

 The Issuer shall notify Holders of any such rescission as soon as practicable after it determines that such conditions precedent will not
be able to be satisfied or the Issuer shall not be able or willing to waive such conditions precedent, in each case subject to policies and procedures of the Depositary. Once notice of redemption is mailed or sent, subject to the satisfaction of any
conditions precedent provided in the notice of redemption, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price. 

 

	 	7.	 Defaults and Remedies. 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such
principal amount (or specified amount) shall become immediately due and payable. 
 The Indenture permits, subject to certain limitations
therein provided, Holders of not less than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee, with respect to the Notes. 
  

	 	8.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

  
 Exhibit A-4-8 

	 	9.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	10.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	11.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note without regard to conflicts of laws principles thereof. 

  
 Exhibit A-4-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign and
transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint                  agent to transfer this Note on the
books of the Issuer. The agent may substitute another to act for him. 
  
  

 

			
	Date: ________________	  	Your
Signature:                                       
                                         
            

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		  	  

        Signature

	Signature Guarantee:	 	            	  	
			
	  
	 		  	  

	Signature must be guaranteed	 		  	        Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 Exhibit A-4-10 

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Security for certificated Notes or a part of another Global Security have been made: 

 

									
	 Date of

Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Security
	 	 Amount of increase

in principal amount
 of this
Global Security
	  	 Principal amount of

this Global Security

following such
 decrease
(or
 increase)
	  	 Signature of

authorized officer of

Trustee

  
 Exhibit A-4-11 

 EXHIBIT A-5 

FORM OF 5.050% SENIOR NOTE DUE 2062 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY
OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, AND NO SUCH TRANSFER MAY BE
REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS NOTE ARE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS
OF THE INDENTURE. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND
OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 Exhibit A-5-1 

 INTEL CORPORATION 

5.050% Senior Notes due 2062 
  

			
	No. R-[•]	  	CUSIP No.: 458140CC2
		  	ISIN No.: US458140CC21

 $[•] 

INTEL CORPORATION, a Delaware corporation (the “Company”), for value received promises to pay to CEDE & CO. or
registered assigns the principal sum of [•] ($[•]) on August 5, 2062. 
 Interest Payment Dates: February 5 and
August 5 (each, an “Interest Payment Date”), commencing on February 5, 2023. 
 Interest Record Dates:
January 22 and July 22 (each, a “Regular Record Date”). 
 Reference is made to the further provisions of this
Note contained herein, which will for all purposes have the same effect as if set forth at this place. 

  
 Exhibit A-5-2 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	INTEL CORPORATION
		
	By:	 	  

		 	Name: Robert M. Friess
		 	 Title:  Corporate Vice President and Treasurer

 [Signature Page to Note] 

  
 Exhibit A-5-3 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August 5, 2022 

 

			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 Exhibit A-5-4 

 (REVERSE OF NOTE) 

INTEL CORPORATION 
 5.050% Senior
Notes due 2062 
  

	 	1.	 Interest. 

Intel Corporation (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above. Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 5, 2022. Interest on this Note will be paid to but excluding the relevant Interest
Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, beginning on February 5, 2023. If any
Interest Payment Date, Stated Maturity or other payment date with respect to the Notes is not a Business Day, the required payment of principal, premium, if any, or interest will be due on the next succeeding Business Day as if made on the date that
such payment was due, and no interest will accrue on that payment for the period from and after that Interest Payment Date, Stated Maturity or other payment date, as the case may be, to the date of that payment on the next succeeding Business Day.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and at the same rate on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful from the dates such amounts are due until such amounts are paid or made available for payment. 

 

	 	2.	 Paying Agent. 

Initially, Computershare Trust Company, National Association (the “Trustee”) will act as Paying Agent. The Issuer may change
any Paying Agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 5.050% Senior Notes due 2062 (the “Notes”) issued under the Indenture dated as of March 29,
2006, as amended by the First Supplemental Indenture dated as of December 3, 2007 (together, the “Base Indenture”) and, as amended, modified and supplemented by the Eighteenth Supplemental Indenture dated as of August 5,
2022 (the “Eighteenth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), by and between the Issuer and the Trustee, as trustee. This Note is a “Security” and the Notes are
“Securities” under the Indenture. Each series of Securities issued under the Eighteenth Supplemental Indenture (together with any other Securities thereafter issued and included in any such series) is referred to herein as an
“Other Series of August 2022 Notes” and, together with the Notes, as the “August 2022 Notes.” 

  
 Exhibit A-5-5 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
  

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 in excess thereof. A Holder shall
register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental
charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the electronic delivery
or mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part. 
  

	 	5.	 Amendment; Modification; Waiver. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and the rights of the Holders of each series of August 2022 Notes affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of
the Securities at the time Outstanding of all series of Securities affected thereby. The Indenture contains provisions permitting the Holders of not less than a majority in principal amount of the Securities of a series at the time Outstanding with
respect to which a default under the Indenture shall have occurred and be continuing, on behalf of the Holders of all Securities of such series, to waive, with certain exceptions, such past default with respect to such series and its consequences.
The Indenture also permits the Holders of not less than a majority in aggregate principal amount of all series of Securities (including the August 2022 Notes) at the time Outstanding affected (voting together as a single class), on behalf of
the Holders of all such Securities, to waive future compliance by the Issuer with certain provisions of the Indenture. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Note and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. Without notice to or consent of any Holder, the
Indenture also permits the amendment or supplement thereof to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with qualifications of the Indenture under the TIA, or
make any other change that does not adversely affect the rights of Holders in any material respect. 

  
 Exhibit A-5-6 

	 	6.	 Optional Redemption. 

Prior to February 5, 2062 (the “Applicable Par Call Date”), the Issuer may redeem the Notes at its option, in whole or
in part, at any time and from time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: 

(i) (A) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes
discounted to the relevant Redemption Date (assuming the Notes matured on the Applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus 30 basis points (such sum to be calculated as set forth in the Indenture); or 

(ii) 100% of the principal amount of the Notes to be redeemed, 

plus, in the case of either (i) or (ii), accrued interest thereon to, but not including, the Redemption Date. 

On or after the Applicable Par Call Date, the Issuer may redeem the Notes, in whole or in part, at any time and from time to time, at a Redemption Price equal
to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to the relevant Redemption Date. 
 On
and after the Redemption Date for the Notes, interest will cease to accrue on the Notes or portions thereof called for redemption, unless the Issuer defaults in the payment of the Redemption Price. On or before the Redemption Date for the Notes, the
Issuer shall deposit with the Trustee or a Paying Agent, funds sufficient to pay the Redemption Price of the Notes to be redeemed on the Redemption Date. In the case of a partial redemption, selection of the Notes for redemption shall be made pro
rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair, subject to the Depositary’s applicable procedures with respect to Global Securities. No Notes of a principal amount of $2,000 or less shall
be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note shall state the portion of the principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed
portion of the Note shall be issued in the name of the Holder of the Note upon surrender for cancellation of the original Note. 
 Notice of
any redemption shall be mailed or electronically delivered (or otherwise transmitted in accordance with the Depositary’s procedures) at least 10 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed.
Such notice shall state the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the Redemption Price cannot be determined at the time the notice is given. If the Redemption Price cannot be
determined at the time such notice is to be given, the actual Redemption Price, calculated as set forth in the Indenture, shall be set forth in an Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the
Redemption Date. Notice of redemption having been given as provided in the Indenture, the Notes called for redemption shall become due and payable on the Redemption Date and at the applicable Redemption Price. 

  
 Exhibit A-5-7 

 Notice of any redemption of Notes may, at the Issuer’s discretion, be given subject to
one or more conditions precedent, including, but not limited to, completion of a corporate transaction that is pending (such as an equity or equity-linked offering, an incurrence of indebtedness or an acquisition or other strategic transaction
involving a change of control in the Issuer or another entity). If such redemption is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition, and such notice may be rescinded in the event that
any or all such conditions shall not have been satisfied or otherwise waived on or prior to the Business Day immediately preceding the relevant Redemption Date. The Issuer shall provide written notice to the Trustee prior to the close of business
one Business Day 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 of the Notes in the same manner in which the notice of redemption was given.

 The Issuer shall notify Holders of any such rescission as soon as practicable after it determines that such conditions precedent will not
be able to be satisfied or the Issuer shall not be able or willing to waive such conditions precedent, in each case subject to policies and procedures of the Depositary. Once notice of redemption is mailed or sent, subject to the satisfaction of any
conditions precedent provided in the notice of redemption, the Notes called for redemption will become due and payable on the Redemption Date and at the applicable Redemption Price. 

 

	 	7.	 Defaults and Remedies. 

If an Event of Default with respect to the Notes occurs and is continuing, then in every such case the Trustee or the Holders of not less than
25% in principal amount of the Outstanding Notes may declare the principal amount of all the Notes to be due and payable immediately, by a notice in writing to the Issuer (and to the Trustee if given by Holders), and upon any such declaration such
principal amount (or specified amount) shall become immediately due and payable. 
 The Indenture permits, subject to certain limitations
therein provided, Holders of not less than a majority in aggregate principal amount of the Outstanding Notes to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power
conferred on the Trustee, with respect to the Notes. 
  

	 	8.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

  
 Exhibit A-5-8 

	 	9.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT
(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

 

	 	10.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	11.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note without regard to conflicts of laws principles thereof. 

  
 Exhibit A-5-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign and
transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint                  agent to transfer this Note on the
books of the Issuer. The agent may substitute another to act for him. 
  
  

 

			
	Date: ________________	  	Your
Signature:                                       
                                         
            

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		  	  
 Signature

	Signature Guarantee:	 		  	
			
	  
	 		  	  

	Signature must be guaranteed	 	            	  	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

  
 Exhibit A-5-10 

 SCHEDULE OF EXCHANGES OF NOTES 

The following exchanges of a part of this Global Security for certificated Notes or a part of another Global Security have been made: 

 

									
	 Date of

Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Security
	 	 Amount of increase

in principal amount
 of this
Global Security
	  	 Principal amount of

this Global Security

following such
 decrease
(or
 increase)
	  	 Signature of

authorized officer of

Trustee

  
 Exhibit A-5-11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}]]