Document:

EX-10.2

 Exhibit 10.2 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 This First Amendment to
Amended and Restated Credit Agreement (this “First Amendment”) dated as of July 16, 2013 is entered into among: 
 QS WHOLESALE, INC., a California corporation (the “Lead Borrower”); 
 the Persons named on Schedule 1.01 hereto (collectively, with the Lead Borrower, the “Domestic Borrowers”); 

QUIKSILVER CANADA CORP., a Nova Scotia unlimited liability company (the “Canadian Borrower”), 

UG MANUFACTURING CO. PTY LTD, a proprietary limited company organized under the laws of Australia (the “Australian
Borrower”); 
 QUIKSILVER JAPAN CO., LTD., a Japanese Kabushiki Kaisha (the “Japanese
Borrower”); 
 QUIKSILVER, INC., a Delaware corporation (the “Parent”); 

the Persons named on Schedules 1.02(a) and 1.02(b) hereto (the “Guarantors”); 

each Lender party hereto (collectively, the “Lenders”); 

BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”), L/C Issuer and Swing Line
Lender; 
 BANK OF AMERICA, NATIONAL ASSOCIATION, as Australian Security Trustee (in such capacity, the “Australian
Security Trustee”); and 
 BANK OF AMERICA, N.A., as a Co-Collateral Agent. 

in consideration of the mutual covenants herein contained and benefits to be derived herefrom. 

WITNESSETH: 
 Reference is made to that certain Amended and Restated Credit Agreement dated as of May 24, 2013 (the “Credit Agreement”) by and among (i) the Lead Borrower, the other Domestic
Borrowers, the Canadian Borrower, the Australian Borrower, the Japanese Borrower, the Parent, the other Guarantors, the Lenders party thereto, the Administrative Agent, the Australian Security Trustee and the Co-Collateral Agents. 

The Domestic Borrowers and certain of the Guarantors are entering into a term loan facility with certain lenders for whom Bank of
America, N.A. is acting as Term Agent, and have requested that certain modifications be made to the Credit Agreement in connection therewith. The Lenders have agreed to such modifications on the terms set forth herein. 

  
 1 

 NOW, THEREFORE, in consideration of the mutual agreements herein contained and benefits to
be derived herefrom, the parties hereto agree as follows: 
  

	1.	Definitions. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.

  

	2.	Amendments to Article I. The provisions of Article I of the Credit Agreement are hereby amended as follows: 

 

	 	a.	The definition of Intercreditor Agreement is hereby deleted in its entirety and the following substituted in its stead: 

“Intercreditor Agreement” means that certain Second Amended and Restated Intercreditor Agreement, dated as of
June 24, 2013, between the Administrative Agent and the Initial Notes Agent. 
  

	 	b.	Clause (a) of the definition of Net Proceeds is hereby amended by replacing the reference to “clause (b), (h) or (p)” in the first line thereof with
“clause (b), (h), (p), (q) or (r)”. 

  

	 	c.	The definition of “Permitted Amendment/Refinancing” is hereby deleted in its entirety and the following substituted in its stead: 

“Permitted Amendment/Refinancing” means, in respect of any Indebtedness, any amendments, restatements, refinancings,
refundings, renewals, extensions or replacements of such Indebtedness; provided that (i) except to the extent that such excess amount of Indebtedness otherwise constitutes Permitted Indebtedness, the principal amount of such Indebtedness is not
increased at the time of such amendment, restatement, refinancing, refunding, renewal, extension or replacement except by an amount equal to any premium or other amount paid, interest then due, and fees and expenses incurred, in connection with such
amendment, restatement, refinancing, refunding, renewal, extension or replacement and by an amount equal to any existing commitments unutilized thereunder, (ii) the result of such amendment, restatement, refinancing, refunding, renewal,
extension or replacement shall not be an earlier maturity date or decreased weighted average life of such Indebtedness, and (iii) the other terms and conditions (including, if applicable, relating to collateral (if any) and subordination (if
any), but excluding as to interest rate, prepayment premium and redemption premium) of any such amended, restated, modified, refinanced, refunded, renewed, extended or replacement Indebtedness, taken as a whole, are not materially less favorable to
the Loan Parties or the Lenders than the terms and conditions of the Indebtedness being amended, restated, modified, refinanced, refunded, renewed, extended or replaced; provided that a certificate of a Responsible Officer of the Lead
Borrower delivered to the Administrative Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of
the documentation relating thereto, 

  
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stating that the Lead Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy
the foregoing requirement unless the Administrative Agent notifies the Lead Borrower within such five (5) Business Day period that it disagrees with such determination (including a reasonable description of the basis upon which it disagrees);
provided further that no such certificate shall be required in connection with the incurrence of Indebtedness under the Initial Notes Indenture on or about the First Amendment Effective Date the foregoing shall not prevent any payment in the
form of equity securities (not constituting Indebtedness) in consideration of any such amendment, restatement, refinancing, refunding, renewal, extension or replacement. 

 

	 	d.	The definition of “Permitted Indebtedness” is hereby amended by deleting clause (t) thereof in its entirety and substituting the following in its stead:

 (t) Indebtedness in respect of the Notes Documents and any Permitted Amendment/Refinancing thereof; and

  

	 	e.	The definition of “Permitted Investments” is hereby amended by deleting clause (j) thereof in its entirety and substituting the following in its stead:

 (j) Investments (i) by any Loan Party in any other Loan Party, (ii) by any Subsidiary that is not a
Loan Party in any other Subsidiary that is not a Loan Party, (iii) by any Subsidiary that is not a Loan Party in any Subsidiary that is a Loan Party; and (iv) by any Loan Party in any Subsidiary or joint venture that is not a Loan Party;
provided that all such Investments pursuant to this clause (iv) shall not exceed $45,000,000 in the aggregate at any one time outstanding; and 
  

	 	f.	The definition of “Prepayment Event” is hereby deleted in its entirety and the following substituted in its stead: 

“Prepayment Event” means: 
 (a) any Disposition (including pursuant to a sale and leaseback transaction) of any property or asset of a Loan Party described in clause (b), (h), (p), (q) or, to the extent agreed in writing by the
Administrative Agent and the Lead Borrower on or about the Effective Date, (r) of the definition of “Permitted Disposition” (but with respect to the Domestic Loan Parties only, in each case, to the extent constituting ABL Priority
Collateral (and if Discharge of Notes Class Obligations with respect to all Classes has occurred or the proceeds of such Disposition are not then required to be paid to any Notes Agent, all other Collateral)); provided that with respect to the North
America Borrowing Base Parties, unless a Cash Dominion Event then exists only Net Proceeds in excess of $1,000,000 shall be the subject of a Prepayment Event; 
 (b) any casualty, expropriation or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of a Loan Party (but with respect
to the Domestic Loan 

  
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Parties only, in each case, to the extent constituting ABL Priority Collateral (and if Discharge of Notes Class Obligations of all Classes has occurred or the proceeds of such Disposition are not
then required to be paid to any Notes Agent, all other Collateral)) generating Net Proceeds in excess of $1,000,000, unless (i) the proceeds therefrom are required to be paid to the holder of a Lien on such property or asset having priority
over the Lien of the applicable Agent, or (ii) except while a Cash Dominion Event exists, the proceeds therefrom are utilized for purposes of replacing or repairing the assets in respect of which such proceeds were received within 180 days of
the occurrence of the damage to or loss of the assets being repaired or replaced; or 
 (c) the incurrence by a
Loan Party of any Indebtedness for borrowed money other than Permitted Indebtedness, (but with respect to the Domestic Loan Parties only, such prepayment shall be required only after the Discharge of Notes Class Obligations of all Classes or if the
proceeds of such incurrence of Indebtedness are not then required to be paid to any Notes Agent). 
  

	 	g.	The definition of “Term Loan” is hereby deleted in its entirety and the following substituted in its stead: 

“Term Loan” means the obligations from time to time outstanding under the Indenture. 

 

	 	h.	The definition of “Term Loan Agent” is hereby deleted in its entirety and the following substituted in its stead: 

“Term Loan Agent” means Notes Agent. 
  

	 	i.	The definition of “Term Loan Credit Agreement” is hereby deleted in its entirety and the following substituted in its stead: 

“Term Loan Credit Agreement” means the Indenture. 

 

	 	j.	The definition of “Term Loan Documents” is hereby deleted in its entirety and the following substituted in its stead: 

“Term Loan Documents” means the Notes Documents. 

 

	 	k.	The following new definitions are hereby inserted into the Credit Agreement in appropriate alphabetical order: 

“ABL Priority Collateral” has the meaning ascribed to such term in the Intercreditor Agreement. 

“Additional Notes Agent” has the meaning ascribed to such term in the Intercreditor Agreement as in effect on the First
Amendment Effective Date. 

  
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 “Additional Notes Documents” has the meaning ascribed to such term in the
Intercreditor Agreement as in effect on the First Amendment Effective Date. 
 “Additional Notes Indenture” has
the meaning ascribed to such term in the Intercreditor Agreement as in effect on the First Amendment Effective Date. 

“Discharge of Notes Class Obligations” has the meaning ascribed to such term in the Intercreditor Agreement as in effect
on the First Amendment Effective Date. 
 “First Amendment Effective Date” means July 16, 2013. 

“Indenture” means the Initial Notes Indenture and each Additional Notes Indenture. 

“Initial Notes Agent” means Wells Fargo Bank, National Association, in its capacity as trustee and/or collateral agent
under any Notes Documents, together with any successor agent or Additional Notes Agent (including pursuant to any Permitted Amendment/Refinancing of any Notes Documents). 
 “Initial Notes Documents” has the meaning ascribed to such term in the Intercreditor Agreement. 
 “Initial Notes Indenture” means collectively, (i) that certain Indenture dated as of July 16, 2013 among the Parent, the Lead Borrower, and the Initial Notes Agent (and any
Permitted Amendment/Refinancing thereof), and (ii) any Additional Notes Indenture (and any Permitted Amendment/Refinancing thereof). 
 “Notes Agent” shall mean the Initial Notes Agent and each Additional Notes Agent. 
 “Notes Documents” shall mean the Initial Notes Documents and the Additional Notes Documents. 
 “Notes Loan Priority Accounts” has the meaning ascribed to such term in the Intercreditor Agreement. 
 “Notes Priority Collateral” has the meaning ascribed to such term in the Intercreditor Agreement. 
  

	3.	Amendments to Article VI. The provisions of Article VI of the Credit Agreement are hereby amended as follows: 

 

	 	a.	The provisions of Section 6.02(g) of the Credit Agreement are hereby deleted in their entirety and the following substituted in their stead:

 (g) promptly after the furnishing thereof, copies of any statement or report furnished to any holder of debt
securities of any Loan Party pursuant to the terms of any document, agreement or indenture relating to Material Indebtedness and 

  
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not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section 6.02; provided that such statements or reports
need to delivered to the Credit Parties only to the extent that they relate to the failure of any Loan Party to comply with the terms of any document, agreement or indenture relating to such Material Indebtedness or which relate to matters which
would cause a Default or have an adverse effect on the Credit Parties; 
  

	 	b.	The provisions of Section 6.14(a)(ii) are hereby amended by deleting the parenthetical in the third line thereof and substituting the following in its stead:

 (other than the Notes Loan Priority Accounts and payroll and other specific DDAs as may be acceptable to the
Agents) 
  

	 	c.	The provisions of Section 6.14(c)(iv) are hereby deleted in their entirety and the following substituted in their stead: 

(iv) except for the Notes Loan Priority Accounts and except as provided in this clause (c), the then cash balance of each DDA;

  

	 	d.	The provisions of Section 6.14(c) of the Credit Agreement are hereby amended by deleting the proviso thereto and substituting the following in its stead:

 provided that the Domestic Loan Parties and the Canadian Loan Parties shall be obligated to comply with
the foregoing procedures only after the occurrence and during the continuance of a Cash Dominion Event (and delivery of notice thereof from the Administrative Agent to the Lead Borrower and the applicable Blocked Account Bank); and provided
further that the Domestic Loan Parties shall be obligated to comply with the foregoing procedures with respect to Notes Priority Collateral only (i) if Discharge of Notes Class Obligations of all Classes has occurred, or (ii) to the extent
that the proceeds of any Notes Priority Collateral are not required to be paid to any Notes Agent under any Notes Documents. 
  

	 	e.	The provisions of Section 6.14(e) of the Credit Agreement are hereby amended by deleting the proviso thereto and substituting the following in its stead:

 provided that the Domestic Loan Parties and the Canadian Loan Parties shall be obligated to comply with
the foregoing procedures only after the occurrence and during the continuance of a Cash Dominion Event (and delivery of notice thereof from the Administrative Agent to the Lead Borrower and the applicable Blocked Account Bank); and provided
further that the Domestic Loan Parties shall be obligated to comply with the foregoing procedures with respect to Notes Priority Collateral only (i) if Discharge of Notes Class Obligations of all Classes has occurred, or (ii) to the extent
that the proceeds of any Notes Priority Collateral are not required to be paid to any Notes Agent under any Notes Documents. 

  
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	 	f.	The provisions of Section 6.14 of the Credit Agreement are hereby amended by adding the following new clause (h): 

(h) Notwithstanding anything to the contrary contained herein or in any other Loan Document, the obligation of the Domestic Loan Parties
to enter into Blocked Account Agreements or other control agreements with any Agent or otherwise grant any Agent control, in each case with respect to any DDA, securities account or commodities account, shall not apply to any Notes Loan Priority
Account. 
  

	4.	Amendments to Article VII. The provisions of Section 7.12 of the Credit Agreement are hereby deleted in their entirety and the following substituted
in their stead: 

 Amend, modify or waive any of a Loan Party’s rights under (a) its Organization
Documents in a manner materially adverse to the Credit Parties, or (b) any Material Contract (other than any Loan Document) or Material Indebtedness (other than on account of any obligations under the Notes Documents or any refinancing or
Permitted Amendment/Refinancing otherwise permitted hereunder), in each case to the extent that such amendment, modification or waiver would be reasonably likely to have a Material Adverse Effect, or (c) the E-Commerce Agreement in a manner
that adversely affects the Lien of the Administrative Agent on the Collateral held on consignment by GSI, or that is otherwise materially adverse to the Lenders (provided that the foregoing shall not limit the right of the Loan Parties to
terminate the E-Commerce Agreement), or (d) the Notes Documents to the extent that such amendment, modification or waiver is not permitted under the Intercreditor Agreement, in each case, without the prior written consent of the Agents (which
consent shall not be unreasonably withheld or delayed). 
  

	5.	Amendments to Article IX. The provisions of Section 9.11(b) of the Credit Agreement are hereby deleted in their entirety and the following
substituted in their stead: 

  

	 	(b)	Reserved. 

  

	6.	Conditions to Effectiveness. This First Amendment shall become effective upon satisfaction of each of the following conditions precedent:

  

	 	a.	This First Amendment shall have been duly executed and delivered by the Loan Parties, the Administrative Agent and the Required Lenders, and the Administrative Agent
shall have received a fully executed copy hereof. 

  

	 	b.	All necessary consents and approvals to the execution, delivery and performance of this First Amendment shall have been obtained. 

 

	 	c.	The Domestic Loan Parties shall have entered into the Initial Notes Indenture and shall have received the proceeds under the Notes Purchase Agreement relating thereto.
The Initial Notes Documents shall be reasonably satisfactory in form and substance to the Administrative Agent. 

  
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	 	d.	The Initial Notes Agent and the Administrative Agent shall have entered into the Intercreditor Agreement on terms reasonably satisfactory to the Administrative Agent.

  

	 	e.	(i) On or prior to the date hereof, Parent shall have delivered to the trustee under the 6.875% Notes a redemption notice with respect to all 6.875% Notes that remain
outstanding, and (ii) on or prior to the date hereof, the indenture governing the 6.875% Notes shall have been satisfied and discharged, and shall be of no effect as to the 6.875% Notes, except as set forth in section 8.1(c) of the indenture
governing the 6.875% Notes, as a result of the Parent having complied with all requirements of section 8.1(a) of the indenture governing the 6.875% Notes, including substantially concurrently with the initial funding hereunder, the irrevocable
deposit with the trustee under such indenture of such amounts as shall be sufficient without consideration of any reinvestment of interest to pay and discharge the entire indebtedness on such 6.875% Notes with respect to principal and accrued
interest to the date of redemption of the 6.875% Notes. 

  

	 	f.	The existing term loan made pursuant to a credit agreement dated as of October 27, 2010 shall be paid in full substantially contemporaneously herewith.

  

	 	g.	The Borrowers shall have paid (or shall, substantially concurrently herewith, pay) all Credit Party expenses incurred in connection with the preparation, negotiation,
execution and delivery of this First Amendment, including, without limitation, reasonable and documented fees and expenses of counsel, to the extent required by Section 10.04 of the Credit Agreement. 

 

	7.	Representations and Warranties. 

  

	 	a.	Each Loan Party hereby represents, warrants, ratifies and confirms to the Agents and the Lenders that (a) all representations and warranties of the Loan Parties
contained in the Credit Agreement and other Loan Documents or otherwise made in writing in connection therewith are true and correct in all material respects as of the First Amendment Effective Date, except to the extent that (i) such
representations and warranties are qualified as to “materiality”, “Material Adverse Effect” or similar language, in which case they shall be true and correct in all respects (as so qualified by “materiality”,
“Material Adverse Effect” or similar language) on and as of the First Amendment Effective Date, and (ii) such representations and warranties relate to an earlier date, in which case they shall be true and correct in all material
respects on and as of such earlier date, and (b) no Default or Event of Default has occurred and is continuing or would result from the effectiveness of this First Amendment. 

 

	 	b.	 The transactions contemplated hereby and by the other Loan Documents to be entered into by each Loan Party on the First Amendment Effective Date are
within such Loan Party’s corporate or other organizational powers and have been duly authorized by all necessary corporate, membership, partnership or other necessary action. This First Amendment has been duly executed and delivered by

  
 8 

	 	
each Loan Party and each other Loan Document to which any Loan Party is a party, constitutes a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

  

	 	c.	The execution and delivery by each Loan Party of this First Amendment and the performance of the obligations of each Loan Party under this First Amendment (a) do
not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except for such as have been obtained or made and are in full force and effect and except filings and recordings necessary to
perfect Liens created under the Loan Documents, (b) will not violate any applicable Law in any material respect or the Organization Documents of any Loan Party, (c) will not violate or result in a default under any Material Contract, any
indenture or any other agreement, instrument or other evidence of Material Indebtedness or other material instrument binding upon any Loan Party or its assets, or give rise to a right thereunder to require any payment to be made by any Loan Party,
and (d) will not result in the creation or imposition of any Lien on any asset of any Loan Party, except Liens created under the Loan Documents and the Notes Documents. 

 

	8.	Miscellaneous. 

  

	 	a.	All terms and conditions of the Credit Agreement and the other Loan Documents, as amended hereby, remain in full force and effect. Without limiting the foregoing, the
Loan Parties hereby acknowledge, confirm and agree that the Security Documents and any and all Collateral previously pledged to the Administrative Agent, for the benefit of the Credit Parties, shall continue to secure all applicable Obligations or
Foreign Liabilities, as applicable, at any time and from time to time outstanding under the Credit Agreement and the other Loan Documents, as such Obligations have been amended pursuant to this First Amendment. 

 

	 	b.	This First Amendment may be executed in several counterparts and by each party on a separate counterpart, each of which when so executed and delivered, shall be an
original, and all of which together shall constitute one instrument. Delivery of an executed counterpart of a signature page hereto by telecopy or other electronic image scan transmission (e.g., “pdf” or “tif ” via e-mail)
shall be as effective as delivery of a manually executed counterpart hereof. 

  

	 	c.	This First Amendment expresses the entire understanding of the parties with respect to the matters set forth herein and supersedes all prior discussions or negotiations
hereon. 

  

	 	d.	 Any determination that any provision of this First Amendment or any application hereof is invalid, illegal or unenforceable in any respect and in any
instance shall 

  
 9 

	 	
not affect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality or enforceability of any other provisions of this First Amendment.

  

	 	e.	THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES
THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 [SIGNATURE PAGES FOLLOW]

  
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 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed as of
the date first above written. 
  

					
	QS WHOLESALE, INC.,
	as the Lead Borrower
		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary
	
	 DC SHOES, INC.,
 as a Domestic Borrower

		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary
	
	 HAWK DESIGNS, INC.,
 as a Domestic Borrower

		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary
	
	 MERVIN MANUFACTURING, INC.,
 as a Domestic Borrower

		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary
	
	 QS RETAIL, INC.,
 as a Domestic Borrower

		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary

 
					
	QUIKSILVER, INC.,
	as a Guarantor
		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: Chief Administrative Officer, Secretary and
	          General Counsel
	
	 QUIKSILVER CANADA CORP.,
 as the Canadian Borrower

		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary
	
	QS RETAIL CANADA CORP.,
	as a Guarantor
		
	By:	 	   /s/ Charles S. Exon

	Name: Charles S. Exon
	Title: President and Secretary
	
	 QUIKSILVER JAPAN CO., LTD.,
 as the Japanese Borrower

		
	By:	 	   /s/ Sammy Yoo

	Name: Sammy Yoo
	Title: Representative Director

 Executed by Ug Manufacturing Co. 
 Pty Ltd ACN 005 047 941 in 
 accordance with section 127 of the 

Corporations Act 2001: 
  

					
	   /s/ Andrew N. Bruenjes
	 		 	   /s/ Simon F. Lynch

	Director	 		 	Secretary
			
	ANDREW N. BRUENJES	 		 	SIMON F. LYNCH
	 Name of Director
 (BLOCK
LETTERS)
	 		 	 Name of Secretary
 (BLOCK
LETTERS)

 
					
	REQUIRED LENDERS:
	
	BANK OF AMERICA, N.A., as Administrative Agent and as a Co-Collateral Agent
		
	By:	 	   /s/ Roger Malouf

	Name: Roger Malouf
	Title: Vice President
	
	BANK OF AMERICA, N.A., (acting through its Hong Kong branch) as Administrative Agent and as a Co-Collateral Agent
		
	By:	 	   /s/ Roger Malouf

	Name: Roger Malouf
	Title: Vice President
	
	BANK OF AMERICA, N.A. (acting through its Australia branch) as an Australian Lender, and Australian Swing Line Lender
		
	By:	 	   /s/ John Penny

	Name: John Penny
	Title: Director
	
	BANK OF AMERICA, N.A., as a Domestic Lender, L/C Issuer and Swing Line Lender
		
	By:	 	   /s/ Roger Malouf

	Name: Roger Malouf
	Title: Vice President

 
			
	BANK OF AMERICA, N.A. (acting through its Canada branch), as
a Canadian Lender, Canadian L/C Issuer and Canadian Swing
Line
Lender
		
	By:	 	 /s/ Medina Sales de Andrade

	Name:	 	Medina Sales de Andrade
	Title:	 	Vice President
	
	BANK OF AMERICA, N.A. (acting through its Tokyo branch), as a Japanese Lender and Japanese Swing Line Lender
		
	By:	 	 /s/ Koji Yoshikawa

	Name:	 	Koji Yoshikawa
	Title:	 	Authorized Signatory

 
			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as a Domestic Lender

		
	By:	 	 /s/ David Klagos

	Name:	 	David Klagos
	Title:	 	Duly Authorized Signatory
	
	 WELLS FARGO CAPITAL FINANCE
 CORPORATION CANADA, as a Canadian Lender

		
	By:	 	 /s/ Domenic Cosentino

	Name:	 	Domenic Cosentino
	Title:	 	Vice President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
 (London Branch), as an Australian Lender

		
	By:	 	 /s/ N B Hogg

	Name:	 	N B Hogg
	Title:	 	Authorized Signatory

 Schedule 1.01 
 DOMESTIC BORROWERS 
  

	 	1.	QS Wholesale, Inc. 

  

	 	2.	DC Shoes, Inc. 

  

	 	3.	Hawk Designs, Inc. 

  

	 	4.	Mervin Manufacturing, Inc. 

  

	 	5.	QS Retail, Inc. 

 Schedule 1.02 
 GUARANTORS OF DOMESTIC FACILITIES 
  

	 	  1.	DC Shoes, Inc. 

  

	 	  2.	Hawk Designs, Inc. 

  

	 	  3.	QS Retail, Inc. 

  

	 	  4.	Mervin Manufacturing, Inc. 

GUARANTORS OF FOREIGN FACILITIES 
  

	 	  1.	Quiksilver Canada Corp. 

  

	 	  2.	QS Retail Canada Corp. 

  

	 	  3.	Ug Manufacturing Co. Pty Ltd 

  

	 	  4.	Quiksilver Japan Co., Ltd. 

  

	 	  5.	Quiksilver, Inc. 

  

	 	  6.	QS Wholesale, Inc. 

  

	 	  7.	DC Shoes, Inc. 

  

	 	  8.	Hawk Designs, Inc. 

  

	 	  9.	QS Retail, Inc. 

  

	 	10.	Mervin Manufacturing, Inc.EX-4.12

 Exhibit 4.12 
 ORACLE CORPORATION  
 Officers’ Certificate

 Reference is made to the Indenture dated as of January 13, 2006 (the “Base Indenture”) by and
among Oracle Corporation (the “Issuer,” formerly known as Ozark Holding Inc.), Oracle Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by the First Supplemental Indenture dated as of
May 9, 2007 (together with the Base Indenture, the “Indenture”) by and among the Issuer, Citibank, N.A. and The Bank of New York Trust Company, N.A. On June 29, 2007, Citibank, N.A. resigned as the original trustee under
the Indenture and the Issuer appointed The Bank of New York Trust Company, N.A. as successor trustee. Thereafter, the Bank of New York Trust Company, N.A. became The Bank of New York Mellon Trust Company, N.A. (the “Trustee”). The
Trustee is the trustee for any and all securities issued under the Indenture. Pursuant to Section 2.01 and Section 2.03 of the Base Indenture, the undersigned officers do hereby certify, in connection with the issuance of
(i) $500,000,000 aggregate principal amount of Floating Rate Notes due 2019 (“2019 Floating Rate Notes”), (ii) $1,500,000,000 aggregate principal amount of 2.375% Notes due 2019 (“2019 Fixed Rate Notes”)
and (iii) $1,000,000,000 aggregate principal amount of 3.625% Notes due 2023 (“2023 Fixed Rate Notes” and, together with the 2019 Floating Rate Notes and the 2019 Fixed Rate Notes, the “Notes”), that the terms
of the Notes are as follows: 
 Capitalized terms used but not otherwise defined herein shall have the meanings specified in the
Indenture. 
 2019 Floating Rate Notes 
  

			
	Title:	  	Floating Rate Notes due 2019
		
	Issuer:	  	Oracle Corporation
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, Calculation Agent and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity.	  	$500,000,000
		
	Principal Payment Date:	  	January 15, 2019
		
	Interest:	  	Floating rate equal to three-month LIBOR plus 0.58%
		
	Date from which Interest will Accrue:	  	July 16, 2013

			
	Interest Payment Dates:	  	January 15, April 15, July 15 and October 15, commencing on October 15, 2013
		
	Redemption:	  	The Issuer may not redeem the 2019 Floating Rate Notes prior to maturity
		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and multiples of $1,000 thereafter
		
	Miscellaneous:	  	The terms of the 2019 Floating Rate Notes shall include such other terms as are set forth in the form of 2019 Floating Rate Notes attached hereto as Exhibit A and in the
Indenture.
		
	2019 Fixed Rate Notes	  	
		
	Title:	  	2.375% Notes due 2019
		
	Issuer:	  	Oracle Corporation
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity:	  	$1,500,000,000
		
	Principal Payment Date:	  	January 15, 2019
		
	Interest:	  	2.375% per annum
		
	Date from which Interest will Accrue:	  	July 16, 2013
		
	Interest Payment Dates:	  	January 15 and July 15, commencing on January 15, 2014
		
	Redemption:	  	 The Issuer may at its option redeem the 2019 Fixed Rate Notes in whole or in part, at any time or from time to time prior to their
maturity, on at least 30 days, but not more than 60 days, prior notice mailed to the registered address of each holder of the 2019 Fixed Rate Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2019 Fixed Rate Notes being redeemed;
and

  
 2 

			
		  	 (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest
accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) of the 2019 Fixed Rate Notes being redeemed at the Treasury Rate (as defined in the 2019 Fixed
Rate Notes) plus 15 basis points,
  
 plus, in each case, accrued and unpaid
interest thereon to the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and multiples of $1,000 thereafter
		
	Miscellaneous:	  	The terms of the 2019 Fixed Rate Notes shall include such other terms as are set forth in the form of 2019 Fixed Rate Notes attached hereto as Exhibit B and in the
Indenture.
		
	2023 Fixed Rate Notes	  	
		
	Title:	  	3.625% Notes due 2023
		
	Issuer:	  	Oracle Corporation
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount at Maturity:	  	$1,000,000,000
		
	Principal Payment Date:	  	July 15, 2023
		
	Interest:	  	3.625% per annum
		
	Date from which Interest will Accrue:	  	July 16, 2013

  
 3 

			
	Interest Payment Dates:	  	January 15 and July 15, commencing on January 15, 2014
		
	Redemption:	  	 The Issuer may at its option redeem the 2023 Fixed Rate Notes in whole or in part, at any time or from time to time prior to their
maturity, on at least 30 days, but not more than 60 days, prior notice mailed to the registered address of each holder of the 2023 Fixed Rate Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2023 Fixed Rate Notes being redeemed;
and
  
 (ii) the sum of the present values of the remaining scheduled payments
of principal and interest thereon (exclusive of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) of the 2023 Fixed Rate Notes being
redeemed at the Treasury Rate (as defined in the 2023 Fixed Rate Notes) plus 20 basis points,
  
 plus, in each case, accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and multiples of $1,000 thereafter
		
	Miscellaneous:	  	The terms of the 2023 Fixed Rate Notes shall include such other terms as are set forth in the form of 2023 Fixed Rate Notes attached hereto as Exhibit C and in the
Indenture.

 Subject to the representations, warranties and covenants described in the Indenture, as amended or
supplemented from time to time, the Issuer shall be entitled, subject to authorization by the Board of Directors of the Issuer and an Officers’ Certificate, to issue additional notes from time to time under each series of notes issued hereby.
Any such additional notes of a series shall have identical terms as the 2019 Floating Rate Notes, the 2019 Fixed Rate Notes or the 2023 Fixed Rate Notes, as the case may be, issued on the issue date, other than with respect to the date of issuance
and the issue price (together the “Additional Notes”). Any Additional Notes will be issued in accordance with Section 2.03 of the Base Indenture. 

  
 4 

 Each such officer has read and understands the provisions of the Indenture and the
definitions relating thereto. The statements made in this Officers’ Certificate are based upon the examination of the provisions of the Indenture and upon the relevant books and records of the Issuer. In such officers’ opinion, they have
made such examination or investigation as is necessary to enable such officers to express an informed opinion as to whether or not the covenants and conditions of such Indenture relating to the issuance and authentication of the Notes have been
complied with. In such officers’ opinion, such covenants and conditions have been complied with. 

  
 5 

 IN WITNESS WHEREOF the undersigned officers of the Issuer have duly executed this
certificate as of July 16, 2013. 
  

			
	ORACLE CORPORATION
		
	By:	 	  

	Name:	 	Safra A. Catz
	Title:	 	President and Chief Financial Officer
		
	By:	 	  

	Name:	 	Eric R. Ball
	Title:	 	Senior Vice President and Treasurer

 [Signature Page to Officers’ Certificate Pursuant to the Indenture]

 EXHIBIT A 
 [FORM OF FLOATING RATE NOTES DUE 2019] 
 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 NOTE 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. 

  
 7 

 ORACLE CORPORATION 

Floating Rate Notes due 2019 
  

			
	No.	  	CUSIP No.: 68389X AR6
		  	ISIN No.: US68389XAR61
		
		  	$

 ORACLE CORPORATION, a Delaware corporation (the “Issuer”), for value received promises
to pay to CEDE & CO. or registered assigns the principal sum of          DOLLARS on January 15, 2019. 
 Interest Payment Dates: January 15, April 15, July 15 and October 15 (each, an “Interest Payment Date”), commencing on October 15, 2013. 

Interest Record Dates: the Business Day preceding the Interest Payment Date (the “Interest 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. 

  
 8 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers. 
  

			
	ORACLE CORPORATION
		
	By:	 	  

	Name:	 	Safra A. Catz
	Title:	 	President and Chief Financial Officer
		
	By:	 	  

	Name:	 	Eric R. Ball
	Title:	 	Senior Vice President and Treasurer

  
 9 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: July 16, 2013 

 

			
	 The Bank of New York Mellon Trust
 Company, N.A., as Trustee

		
	By:	 	  

		 	Authorized Signatory

  
 10 

 (REVERSE OF NOTE) 
 ORACLE CORPORATION 
 Floating Rate Notes due 2019 

 

	 	1.	Interest 

 Oracle Corporation
(the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described below. 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 July 16, 2013. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing October 15, 2013.
Interest will be computed on the basis of the actual number of days in an interest period and a 360-day year. 
 The Issuer
shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

The Notes will bear interest for each interest period at a rate determined by the calculation agent on the interest determination date
for such interest period. The calculation agent is The Bank of New York Mellon Trust Company, N.A. until such time as the Issuer appoints a successor calculation agent. The interest rate on the Notes for a particular interest period will be a per
annum rate equal to three-month LIBOR as determined on the interest determination date plus 0.58%. The interest determination date for an interest period will be the second London business day preceding the first day of such interest period. The
initial interest period for the Notes will be the period from and including the original issue date to but excluding the initial Interest Payment Date. Promptly upon determination, the calculation agent will inform the Trustee and the Issuer of the
interest rate for the next interest period. Absent manifest error, the determination of the interest rate by the calculation agent shall be binding and conclusive on the Holders, the Trustee and the Issuer. 

A London business day is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 

On any interest determination date, LIBOR will be equal to the offered rate for deposits in U.S. dollars having an index maturity of
three months, in amounts of at least $1,000,000, as such rate appears on “Reuters Page LIBOR01” at approximately 11:00 a.m., London time, on such interest determination date. If on an interest determination date, such rate does not appear
on the “Reuters Page LIBOR01” as of 11:00 a.m., London time, or if the “Reuters Page LIBOR01” is not available on such date, the Trustee will obtain such rate from Bloomberg L.P.’s page “BBAM.” 

If no offered rate appears on “Reuters Page LIBOR01” or Bloomberg L.P.’s page “BBAM” on an interest
determination date at approximately 11:00 a.m., London time, then the calculation agent (after consultation with the Issuer) will select four major banks in the London interbank market and shall request each of their principal London offices to
provide a quotation 

  
 11 

 
of the rate at which three-month deposits in U.S. dollars in amounts of at least $1,000,000 are offered by it to prime banks in the London interbank market, on that date and at that time, that is
representative of single transactions at that time. If at least two quotations are provided, LIBOR will be the arithmetic average of the quotations provided. Otherwise, the calculation agent will select three major banks in New York City and shall
request each of them to provide a quotation of the rate offered by them at approximately 11:00 a.m., New York City time, on the interest determination date for loans in U.S. dollars to leading European banks having an index maturity of three months
for the applicable interest period in an amount of at least $1,000,000 that is representative of single transactions at that time. If three quotations are provided, LIBOR will be the arithmetic average of the quotations provided. Otherwise, the rate
of LIBOR for the next interest period will be set equal to the rate of LIBOR for the then current interest period. 
 Upon
request from any Holder, the calculation agent will provide the interest rate in effect on the Notes for the current interest period and, if it has been determined, the interest rate to be in effect for the next interest period. 

All percentages resulting from any calculation of any interest rate for the Notes will be rounded, if necessary, to the nearest one
hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 3.876545% (or .03876545) would be rounded to 3.87655% (or .0387655)) and all dollar amounts will be rounded to the nearest cent, with
one-half cent being rounded upward. 
 The interest rate on the Notes will in no event be higher than the maximum rate permitted
by New York law as the same may be modified by United States law of general application. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (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 Floating Rate Notes due 2019 (the “Notes”) issued under an indenture dated as of January 13, 2006 (the “Base Indenture”) by and among the Issuer (formerly known as Ozark Holding Inc.), Oracle
Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by a supplemental indenture dated as of May 9, 2007 (together with the Base Indenture, the “Indenture”) by and among the Issuer,
Citibank, N.A. and the Trustee, and established pursuant to an Officers’ Certificate dated July 16, 2013, issued pursuant to Section 2.01 and Section 2.03 of the Base Indenture. This Note is a “Security” and the Notes
are “Securities” under the Indenture. 
 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. 

  
 12 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 thereafter. 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 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; Supplement; Waiver. 

Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any
existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal amount of all series of Outstanding Securities (including the Notes) under
the Indenture that are affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things, cure any
ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not adversely affect the rights of any Holder of a Note.

  

	 	6.	Redemption. 

 The Notes will not
be redeemable prior to maturity. 
  

	 	7.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in
principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy
Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes will automatically become due immediately and payable without any declaration or other act on the part of the Trustee or
any Holder. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture
permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes
notice of certain continuing defaults or Events of Default if it determines that withholding notice is in their interest. 

  
 13 

	 	8.	Authentication. 

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

	 	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 thereof. 

  
 14 

 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. 

  
 15 

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for Physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of this
Global
Note
	 	 Amount of increase in
principal amount of
this
Global Note
	  	Principal amount of this
Global Note following
such decrease (or
increase)	  	Signature of authorized
officer of Trustee
		 		 		  		  	
		 		 		  		  	

  
 16 

 EXHIBIT B 
 [FORM OF 2.375% NOTES DUE 2019] 
 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 NOTE 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. 

  
 17 

 ORACLE CORPORATION 

2.375% Notes due 2019 
  

			
	No.	  	CUSIP No.: 68389X AQ8
		  	ISIN No.: US68389XAQ88
		
		  	$

 ORACLE CORPORATION, a Delaware corporation (the “Issuer”), for value received promises
to pay to CEDE & CO. or registered assigns the principal sum of          DOLLARS on January 15, 2019. 
 Interest Payment Dates: January 15 and July 15 (each, an “Interest Payment Date”), commencing on January 15, 2014. 

Interest Record Dates: January 1 and July 1 (each, an “Interest 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. 

  
 18 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers. 
  

			
	ORACLE CORPORATION
		
	By:	 	  

	Name:	 	Safra A. Catz
	Title:	 	President and Chief Financial Officer
		
	By:	 	  

	Name:	 	Eric R. Ball
	Title:	 	Senior Vice President and Treasurer

  
 19 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: July 16, 2013 

 

			
	 The Bank of New York Mellon Trust
 Company, N.A., as Trustee

		
	By:	 	  

		 	Authorized Signatory

  
 20 

 (REVERSE OF NOTE) 
 ORACLE CORPORATION 
 2.375% Notes due 2019 

 

	 	1.	Interest 

 Oracle 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 July 16, 2013. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing January 15, 2014.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to
the extent lawful. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (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 2.375% Notes due 2019 (the “Notes”) issued under an indenture dated as of January 13, 2006 (the “Base Indenture”) by and among the Issuer (formerly known as Ozark Holding Inc.), Oracle
Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by a supplemental indenture dated as of May 9, 2007 (together with the Base Indenture, the “Indenture”) by and among the Issuer,
Citibank, N.A. and the Trustee, and established pursuant to an Officers’ Certificate dated July 16, 2013, issued pursuant to Section 2.01 and Section 2.03 of the Base Indenture. This Note is a “Security” and the Notes
are “Securities” under the Indenture. 
 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. 

  
 21 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 thereafter. 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 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; Supplement; Waiver. 

Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any
existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal amount of all series of Outstanding Securities (including the Notes) under
the Indenture that are affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things, cure any
ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not adversely affect the rights of any Holder of a Note.

  

	 	6.	Redemption. 

 The Issuer may at
its option redeem any of the Notes in whole or in part at any time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i) 100% of the principal amount of the Notes to be redeemed; and 
 (ii) the sum
of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 15 basis points, 
 plus in each case
accrued and unpaid interest thereon to the date of redemption. 
 Notwithstanding the foregoing, installments of interest on
Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes
and the Indenture. 
 “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of the Notes. 

  
 22 

 “Comparable Treasury Price” means, with respect to any redemption date,
(i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Issuer. 
 “Reference Treasury Dealer” means (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc. (or their
respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), the Issuer will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Issuer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
business day preceding such redemption date. 
 “Treasury Rate” means, with respect to any redemption date, the
rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for
such redemption date. 
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the
redemption date to each Holder of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. If
less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by lot by the Depositary, in the case of Notes represented by a Global Note, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the
case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in
principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy
Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes will automatically become 

  
 23 

 
due immediately and payable without any declaration or other act on the part of the Trustee or any Holder. Holders of Notes may not enforce the Indenture or the Notes except as provided in the
Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate
principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding
notice is in their interest. 
  

	 	8.	Authentication. 

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

	 	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 thereof. 

  
 24 

 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. 

  
 25 

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for Physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of this
Global
Note
	 	 Amount of increase in
principal amount of this
Global
Note
	  	Principal amount of this
Global Note following
such decrease (or
increase)	  	Signature of authorized
officer of Trustee
		 		 		  		  	
		 		 		  		  	

  
 26 

 EXHIBIT C 
 [FORM OF 3.625% NOTES DUE 2023] 
 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 NOTE 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. 

  
 27 

 ORACLE CORPORATION 

3.625% Notes due 2023 
  

			
	No.	  	CUSIP No.: 68389X AS4
		  	ISIN No.: US68389XAS45
		
		  	$

 ORACLE CORPORATION, a Delaware corporation (the “Issuer”), for value received promises
to pay to CEDE & CO. or registered assigns the principal sum of          DOLLARS on July 15, 2023. 
 Interest Payment Dates: January 15 and July 15 (each, an “Interest Payment Date”), commencing on January 15, 2014. 

Interest Record Dates: January 1 and July 1 (each, an “Interest 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. 

  
 28 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers. 
  

			
	ORACLE CORPORATION
		
	By:	 	  

	Name:	 	Safra A. Catz
	Title:	 	President and Chief Financial Officer
		
	By:	 	  

	Name:	 	Eric R. Ball
	Title:	 	Senior Vice President and Treasurer

  
 29 

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: July 16, 2013 

 

			
	 The Bank of New York Mellon Trust
 Company, N.A., as Trustee

		
	By:	 	  

		 	Authorized Signatory

  
 30 

 (REVERSE OF NOTE) 
 ORACLE CORPORATION 
 3.625% Notes due 2023 

 

	 	1.	Interest 

 Oracle 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 July 16, 2013. Interest on this Note will be paid to but excluding the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing January 15, 2014.
Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to
the extent lawful. 
  

	 	2.	Paying Agent. 

 Initially, The
Bank of New York Mellon Trust Company, N.A. (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 3.625% Notes due 2023 (the “Notes”) issued under an indenture dated as of January 13, 2006 (the “Base Indenture”) by and among the Issuer (formerly known as Ozark Holding Inc.), Oracle
Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by a supplemental indenture dated as of May 9, 2007 (together with the Base Indenture, the “Indenture”) by and among the Issuer,
Citibank, N.A. and the Trustee, and established pursuant to an Officers’ Certificate dated July 16, 2013, issued pursuant to Section 2.01 and Section 2.03 of the Base Indenture. This Note is a “Security” and the Notes
are “Securities” under the Indenture. 
 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. 

  
 31 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 thereafter. 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 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; Supplement; Waiver. 

Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any
existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal amount of all series of Outstanding Securities (including the Notes) under
the Indenture that are affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things, cure any
ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not adversely affect the rights of any Holder of a Note.

  

	 	6.	Redemption. 

 The Issuer may at
its option redeem any of the Notes in whole or in part at any time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i) 100% of the principal amount of the Notes to be redeemed; and 
 (ii) the sum
of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 20 basis points, 
 plus in each case
accrued and unpaid interest thereon to the date of redemption. 
 Notwithstanding the foregoing, installments of interest on
Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes
and the Indenture. 
 “Comparable Treasury Issue” means the United States Treasury security selected by the
Quotation Agent as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of the Notes. 

  
 32 

 “Comparable Treasury Price” means, with respect to any redemption date,
(i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Issuer. 
 “Reference Treasury Dealer” means (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc. (or their
respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), the Issuer will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Issuer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day
preceding such redemption date. 
 “Treasury Rate” means, with respect to any redemption date, the rate per
annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such
redemption date. 
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption
date to each Holder of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all
of the Notes are to be redeemed, the Notes to be redeemed shall be selected by lot by the Depositary, in the case of Notes represented by a Global Note, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case of Notes
that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an
Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in
principal amount of the outstanding Notes, shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy
Event of Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes will automatically become 

  
 33 

 
due immediately and payable without any declaration or other act on the part of the Trustee or any Holder. Holders of Notes may not enforce the Indenture or the Notes except as provided in the
Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate
principal amount of the Notes then outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding
notice is in their interest. 
  

	 	8.	Authentication. 

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

	 	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 thereof. 

  
 34 

 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. 

  
 35 

 SCHEDULE OF EXCHANGES OF NOTES 
 The following exchanges of a part of this Global Note for Physical Notes or a part of another Global Note have been made: 
  

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of this
Global
Note
	 	 Amount of increase in
principal amount of this
Global
Note
	  	Principal amount of this
Global Note following
such decrease (or
increase)	  	Signature of authorized
officer of Trustee
		 		 		  		  	
		 		 		  		  	

  
 36

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