Document:

Exhibit 10.3

 

UNSECURED PROMISSORY NOTE

 

New
York, NY

May 9, 2018

 

FOR VALUE RECEIVED, the undersigned, Alliance
MMA, Inc., a corporation with an address of 590 Madison Avenue, 21st Floor, New York, New York 10022
(hereinafter referred to as the “Maker”), hereby promises to pay to the order of Steven Wallitt, with a mailing address
of 12 Abby Dr., Lawrenceville, NJ 08648 (“Holder”), the sum of TWO HUNDRED THOUSAND DOLLARS ($200,000).

 

All outstanding principal
sums shall be paid by Maker, as set forth below. The entire balance of outstanding principal and other fees and charges shall be
due and payable on the earlier of (i) an Event of Default (as defined below), (ii) June 25, 2018 (the “Maturity Date”).
There shall be no prepayment penalty.

 

The unpaid principal
balance from time to time outstanding under this note shall accrue and bear interest at a rate per annum equal to forty percent
(40%), until fully paid. Interest and fees shall be calculated based on a 365/366-day year for the actual number of days elapsed.
In no event shall interest payable hereunder exceed the highest rate permitted by applicable law. To the extent any interest received
by Holder exceeds the maximum amount permitted, such payment shall be credited to principal, and any excess remaining after full
payment of principal shall be refunded to Maker. The principal balance of this note may be prepaid in whole or in part, without
premium or penalty, at any time.

 

Each of the following
shall constitute an “Event of Default” hereunder: (i) Maker’s failure to make any payment when due hereunder;
(ii) with respect to Maker, the commencement of an action seeking relief under federal or state bankruptcy or insolvency statutes
or similar laws, or seeking the appointment of a receiver, trustee or custodian for Maker or all or part of its assets, or the
commencement of an involuntary proceeding against Maker under federal or state bankruptcy or insolvency statues or similar laws,
which involuntary proceeding is not dismissed or stayed within thirty (30) days; or (iii) if Maker makes an assignment for the
benefit of creditors. If an Events of Default occurs, the obligations under this note shall become immediately due and payable
without notice or demand.

 

Maker agrees to pay
all reasonable costs and expenses, including, without limitation, reasonable attorneys’ fees and expenses incurred, or which
may be incurred, by Holder in connection with the enforcement and collection of this note. Such costs and expenses shall be payable
upon demand for the same and until so paid shall be added to the principal amount of the note.

 

Maker hereby waives
presentment, demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance
and enforcement of this note, and assent to extensions of the time of payment or forbearance or other indulgence without notice.
No delay or omission of Holder in exercising any right or remedy hereunder shall constitute a waiver of any such right or remedy.
Acceptance by Holder of any payment after demand shall not be deemed a waiver of such demand. A waiver on one occasion shall not
operate as a bar to or waiver of any such right or remedy on any future occasion.

 

This instrument contains
the entire agreement among Maker and Holder with respect to the transactions contemplated hereby, and supersedes all negotiations,
presentations, warranties, commitments, offers, contracts and writings prior to the date hereof relating to the subject matter
hereof. This instrument may be amended, modified, waived, discharged or terminated only by a writing signed by Maker and accepted
in writing by Holder.

 

This instrument shall
be governed by New York law, without regard to the conflict of laws provisions thereof. For purposes of any action or proceeding
involving this note, Maker and Holder hereby expressly submit to the jurisdiction of all federal and state courts located in the
State of New York and consent to any order, process, notice of motion or other application to or by any of said courts or a judge
thereof being served within or without such court’s jurisdiction by registered mail or by personal service, provided
a reasonable time for appearance is allowed (but not less than the time otherwise afforded by any law or rule), and waives any
right to contest the appropriateness of any action brought in any such court based upon lack of personal jurisdiction, improper
venue or forum non conveniens.

 

     

     

    

 

This Note shall inure to the benefit of
Holder’s successors and assigns.

 

By countersigning this Note, Joseph Gamberale
and Joel Tracy hereby subordinate the repayment of amounts owed to them by Maker under their respective promissory notes until
this Note has been paid in full.

 

Executed as an instrument
under seal, as of the date first above written. This Note shall not become an obligation of the Maker until countersigned by Holder
and returned to Maker.

 

	 	 	MAKER:
	 	 	 
	WITNESS:	 	Alliance MMA, Inc.
	 	 	 
	 	 	 
	Witness	 	John Price, CFO

	Print Name:	 	 	 

 

Joseph Gamberale and Joel Tracy are executing this Note for
the purpose of subordinating the repayment of their loans to the repayment of the loan evidenced by this Note, and Joel
Tracy shall not have any liability under this Note. In addition, Joseph Gamberale is personally guarantying the repayment of this
Note.

 

	Joel Tracy	 	Joseph Gamberale
	 	 	 
	 	 	 
	Joel Tracy	 	Joseph Gamberale (guarantor)
	 	 	 
	ACCEPTED AND AGREED BY HOLDER	 	 
	 	 	 
	Steven Wallitt	 	 
	 	 	 
	 	 	 
	Steven Wallitt	 	 

 

    2EX-4.1

 Exhibit 4.1 

KELLOGG COMPANY 

OFFICERS’ CERTIFICATE 

The undersigned, Joel A. Vander Kooi, Vice President – Treasurer, and Gary H. Pilnick, Vice Chairman, Corporate Development and Chief
Legal Officer, Senior Vice President and Secretary of Kellogg Company, a Delaware corporation (the “Company”), do hereby certify that pursuant to the authority granted in resolutions (collectively, the “Resolutions”) adopted by
the Board of Directors of the Company on October 20, 2017 and April 27, 2018; and pursuant to Section 2.3 of the Indenture, dated as of May 21, 2009 (the “Indenture”), between the Company and The Bank of New York Mellon
Trust Company, N.A., as trustee (the “Trustee”), there is established a series of securities under the Indenture with the following terms: 

1. The securities are entitled (i) the “3.250% Senior Notes due 2021” (“the 2021 Notes”) and (ii) the
“4.300% Senior Notes due 2028” (the “2028 Notes” and, together with the 2021 Notes, the “Notes”). 
 2. The
2021 Notes are limited in aggregate principal amount to $400,000,000 (except for 2021 Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other 2021 Notes pursuant to Sections 2.8, 2.9, 2.11 or 12.3
of the Indenture); provided the Company may, without the consent of holders of the 2021 Notes, issue additional 2021 Notes having the same ranking and the same interest rate, maturity and other terms as the 2021 Notes, which additional 2021 Notes
will constitute as single series of debt securities under the Indenture. 
 3. The 2028 Notes are limited in aggregate principal amount to
$600,000,000 (except for 2028 Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other 2028 Notes pursuant to Sections 2.8, 2.9, 2.11 or 12.3 of the Indenture); provided the Company may, without
the consent of holders of the 2028 Notes, issue additional 2028 Notes having the same ranking and the same interest rate, maturity and other terms as the 2028 Notes, which additional 2028 Notes will constitute as single series of debt securities
under the Indenture. 
 4. The price to public of the 2021 Notes was 99.912% of the principal amount, plus accrued interest, if any, from
May 14, 2018. 
 5. The price to public of the 2028 Notes was 99.646% of the principal amount, plus accrued interest, if any, from
May 14, 2018. 
 6. The principal amount of the 2021 Notes will mature on May 14, 2021, subject to the provisions of the Indenture
relating to acceleration. 
 7. The principal amount of the 2028 Notes will mature on May 15, 2028, subject to the provisions of the
Indenture relating to acceleration. 

 8. The 2021 Notes will bear interest from May 14, 2018 at the rate of 3.250% per annum
payable on each May 14 and November 14, commencing November 14, 2018, to the holders of record of the 2021 Notes on the May 1 or November 1, as the case may be, immediately preceding such May 14 and November 14.
Interest will be computed on the basis of a 360 day year of twelve 30-day months. 
 9. The 2028
Notes will bear interest from May 14, 2018 at the rate of 4.300% per annum payable on each May 15 and November 15, commencing November 15, 2018, to the holders of record of the 2028 Notes on the May 1 or November 1, as
the case may be, immediately preceding such May 15 and November 15. Interest will be computed on the basis of a 360 day year of twelve 30-day months. 

10. The principal of and interest on the Notes will be payable at the office or agency of the Company maintained for that purpose, pursuant to
the Indenture, in the City of New York, which shall be initially the corporate trust office of the Trustee; provided, however, that at the option of the Company, such payment of interest may be made by check delivered to the person entitled thereto
as provided in the Indenture. The principal of and interest on the Notes will be payable in the coin or currency of the United States of America. 

11. The Notes will be redeemable by the Company prior to maturity as described in Section 2 of the form of Notes attached hereto as
Exhibit A, Exhibit B and Exhibit C respectively. 
 12. If a Change of Control Repurchase Event (as defined in the form
of Notes attached hereto as Exhibit A, Exhibit B and Exhibit C, respectively) shall have occurred, holders of the Notes (unless the Company has exercised its right to redeem the Notes) may require the Company to repurchase all
or any part of the Notes in the manner provided and subject to the limitations set forth in the form of Notes attached as Exhibit A, Exhibit B and Exhibit C, respectively. 

13. The Notes will not have the benefit of any sinking fund. 

14. The Notes initially will be represented by securities registered in the name of the nominee of The Depository Trust Company. The Notes
will be issued only in fully registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

15. The Notes will initially be issued in the form of one or more global securities, substantially in the form attached hereto as Exhibit
A, Exhibit B and Exhibit C, respectively. The Depository Trust Company shall serve as the depository (the “Depository”) for such global securities. While the Notes are evidenced by one or more global securities, the
Depository or its nominee, as the case may be, will be the sole holder thereof for all purposes under the Indenture. Neither the Company nor the Trustee shall have any responsibility or obligation to the Depository’s participants or the
beneficial owners for whom they act with respect to their receipt from the Depository of payments on the Notes or notices given under the Indenture. 

All capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Indenture. 

  
 2 

 IN WITNESS WHEREOF, we have set our hands as of this 14th day of May, 2018. 
  

			
	KELLOGG COMPANY
		
	By:	 	/s/ Joel A. Vander Kooi
	Name:	 	Joel A. Vander Kooi
	Title:	 	Vice President – Treasurer

  

			
		
	By:	 	/s/ Gary H. Pilnick
	Name:	 	Gary H. Pilnick
	Title:	 	Vice Chairman, Corporate Development
		 	and Chief Legal Officer, Senior Vice
		 	President and Secretary

 Officers’ Certificate 

(Terms of Note) 

 EXHIBIT A 

FORM OF NOTE  

(SPECIMEN) 
 KELLOGG COMPANY

 3.250% Senior Notes due 2021 
 Unless this
certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC” and the “Depository”), to the Company (as defined below) or its agent for registration of transfer, exchange
or payment, and any certificate 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 an interest herein. 

 

					
	REGISTERED	  		  	REGISTERED
			
	No. R-1	  		  	U.S.$ 400,000,000
		  		  	CUSIP No.: 487836 BV9

 Kellogg Company, a corporation duly organized and existing under the laws of Delaware (herein called the
“Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum set forth above or such other
principal sum on the Schedule of Exchanges attached hereto (which shall not exceed U.S.$ 500,000,000) on May 14, 2021, and to pay interest thereon from May 14, 2018, or from the most recent interest payment date to which interest has been
paid or duly provided for, semiannually on May 14 and November 14 in each year, commencing November 14, 2018, at the rate of 3.250% per annum, until the principal hereof is paid or made available for payment. 

The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in the Indenture, be paid to
the Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest, which shall be the May 1 or November 1 (whether or not a Business Day), as
the case may be, immediately preceding such interest payment date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Securityholder on such regular record date and may either be paid to the
Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on a special record date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to
Securityholders of this Series not less than 10 days prior to such special record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this Series may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

  
 A-1 

 Payment of the principal of (and premium, if any) and interest on this Security will be made at
the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private
debts; provided, however, that at the option of the Company payment of interest may be made by check delivered to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer to
an account maintained by the Person entitled thereto as specified in the Security Register, provided that such Person shall have given the Trustee written wire instructions at least five Business Days prior to the applicable Interest Payment Date.

 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

* * * * 

  
 A-2 

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

Dated: May 14, 2018 
  

					
	KELLOGG COMPANY
		
	By:	 	 
		 	Name:	 	Joel A. Vander Kooi
		 	Title:	 	Vice President – Treasurer

  

					
		
	By:	 	 
		 	Name:	 	Gary H. Pilnick
		 	Title:	 	Vice Chairman, Corporate Development and Chief Legal Officer

  
 A-3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 

Dated: May 14, 2018 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	        as Trustee
		
	By:	 	 
		 	Authorized Signatory

  
 A-4 

 [FORM OF REVERSE SIDE OF SECURITY] 

3.250% Senior Notes due 2021 

Section 1. Indenture 

The Company issued the Securities under an Indenture, dated as of May 21, 2009, between the Company and the Trustee (the
“Indenture”). The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date of the Indenture. The Securities are subject to all terms
and provisions of the Indenture, and Securityholders are referred to the Indenture and the Trust Indenture Act for a statement of such terms and provisions. 

The series of Securities are senior unsecured obligations of the Company initially limited to $400,000,000 aggregate principal amount at any
one time outstanding. This Security is one of a Series designated as 3.250% Senior Notes due 2021 of the Company. 
 Section 2.
Optional Redemption 
 The Securities may be redeemed at the Company’s option, at any time in whole or from time to time in
part. The redemption price for the Securities to be redeemed on any redemption date will be equal to the greater of the following amounts: 

(a) 100% of the principal amount of the Securities being redeemed on the redemption date; or 

(b) the sum of the present values of the remaining scheduled payments of principal and interest on the Securities being redeemed on that
redemption date (not including any portion of any payments of interest accrued to the redemption date) discounted to the redemption date on a semiannual basis at the Treasury Rate (as defined below), as determined by the Reference Treasury Dealer
(as defined below), plus 10 basis points; 
 plus, in each case, accrued and unpaid interest on the Securities to the redemption date.
Notwithstanding the foregoing, installments of interest on the Securities 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 Securityholders as
of the close of business on the relevant record date according to the Securities and the Indenture. The redemption price will be calculated by the Company on the basis of a 360-day year consisting of twelve 30-day months. 
 The Company will deliver notice of any redemption at least 30 days but not more
than 60 days before the redemption date to each Securityholder of the Securities to be redeemed. Once notice of redemption is delivered, the Securities called for redemption will become due and payable on the redemption date and at the
applicable redemption price, plus accrued and unpaid interest to the redemption date. 
 “Treasury Rate” means, with
respect to any redemption date, the rate per annum equal to the semiannual 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. 

  
 A-5 

 “Comparable Treasury Issue” means the United States Treasury security selected
by the Reference Treasury Dealer as having a maturity comparable to the remaining term of the Securities 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 Securities. 
 “Comparable Treasury Price”
means, with respect to any redemption date, (A) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Company
obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such Quotations, or (C) if only one Reference Treasury Dealer Quotation is received, such Quotation. 

“Reference Treasury Dealer” means each of (A) Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan
Securities LLC and Wells Fargo Securities, LLC (or their respective affiliates which are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government
securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer; and (B) any other Primary Treasury Dealer selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Company, 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 Company by such Reference Treasury Dealer at
5:00 p.m. (New York City time) on the third business day preceding such redemption date. 
 On and after the redemption date, interest
will cease to accrue on the Securities or any portion of the Securities called for redemption (unless the Company defaults in the payment of the redemption price and accrued interest). On or before the redemption date, the Company will deposit with
a Paying Agent or the Trustee money sufficient to pay the redemption price of and accrued interest on the Securities to be redeemed on that date. If less than all of the securities of any series are to be redeemed, the securities to be redeemed
shall be selected by lot or in accordance with applicable DTC procedures. The Securities will not be entitled to the benefit of any mandatory redemption or sinking fund. 

Section 3. Repurchase at Option of Holders Upon Change of Control Repurchase Event 

If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its right to redeem the Securities as
described in Section 2, the Company will make an offer to each Securityholder to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in excess thereof) of that holder’s Securities at a repurchase price in cash
equal to 101% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of repurchase. Within 30 days following any Change of Control Repurchase Event or, at the
Company’s option, prior to any Change of 

  
 A-6 

 
Control (as defined below), but after the public announcement of an impending Change of Control, the Company will deliver a notice to each Securityholder, with a copy to the Trustee, describing
the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later
than 60 days from the date such notice is delivered. The notice shall, if delivered prior to the date of consummation of the Change of Control, state that the offer to repurchase is conditioned on the Change of Control Repurchase Event
occurring on or prior to the payment date specified in the notice. 
 The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable
in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control repurchase event provisions of the
Securities, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached our obligations under the Change of Control Repurchase Event provisions of the Securities by virtue of such conflict.

 On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful: 

 

	 	(a)	accept for payment all Securities or portions of Securities properly tendered pursuant to the Company’s offer; 

  

	 	(b)	deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions of Securities properly tendered; and 

 

	 	(c)	deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Securities being purchased by the Company.

 The Paying Agent will promptly remit to each Securityholder of properly tendered Securities the purchase price for the
Securities, and the Trustee will promptly authenticate and deliver (or cause to be transferred by book-entry) to each Securityholder a new Security equal in principal amount to any unpurchased portion of any Securities surrendered; provided, that
each new Security will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 
 The Company will not be
required to make an offer to repurchase the Securities upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and
such third party purchases all Securities properly tendered and not withdrawn under its offer. An offer to repurchase the Securities upon a Change of Control Repurchase Event may be made in advance of a Change of Control Repurchase Event, if a
definitive agreement is in place for a Change of Control at the time of the making of such an offer. 

  
 A-7 

 “Below Investment Grade Rating Event” occurs if both the rating on the
Securities is lowered by each of the Rating Agencies and the Securities are rated below Investment Grade by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until
the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Securities is under publicly announced consideration
for possible downgrade by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change
of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if any of the Rating Agencies making the reduction in rating to which this definition
would otherwise apply does not announce or publicly confirm or inform the trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect
of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 

“Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of our properties or assets and those of our subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the
Company or one of its Subsidiaries; 
 (2) the adoption of a plan relating to the Company’s liquidation or dissolution; 

(3) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or 

(4) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation)
the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly-owned Subsidiaries, becomes the beneficial owner, directly or indirectly, of more
than 50% of the then outstanding shares of the Company’s Voting Stock, measured by voting power rather than number of shares. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating
Event. 
 “Continuing Directors” means, as of any date of determination, any member of the Company’s Board of
Directors who (1) was a member of such Board of Directors on the date of the issuance of the Securities; or (2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors
who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of our proxy statement in which such member was named as a nominee for election as a director). 

  
 A-8 

 “Fitch” means Fitch Ratings. 

“Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under
any successor rating categories of Fitch), Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent
under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service Inc. 

“Rating Agency” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, Moody’s or S&P
ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of our control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the
Exchange Act, selected by the Company as a replacement agency for Fitch, Moody’s or S&P, as the case may be. 

“S&P” means S&P Global Ratings, a division of S&P Global, Inc. 

“Voting Stock” means, with respect to any person, capital stock of any class or kind the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency. 

Section 4. Sinking Fund 

The Securities are not subject to any sinking fund. 

Section 5. Denominations; Transfer; Exchange 

The Securities are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A
Securityholder may transfer or exchange Securities in accordance with the Indenture. Upon any transfer or exchange, the Registrar and the Trustee may require a Securityholder, among other things, to furnish appropriate endorsements or transfer
documents and to pay any taxes required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Securities selected for redemption or to transfer or exchange any Securities for a period of 15 days prior
to the delivering of a notice of redemption of Securities to be redeemed. 
 A global Security deposited with the Depository or the Trustee
shall be transferred to the beneficial owner thereof in the form of definitive Securities only if (a) the Company notifies the Trustee in writing that the Depository, Euroclear Bank, SA/NV, or Clearstream Banking, S.A., Luxembourg is no longer
willing or able to act as a depository or clearing system for the Securities or the Depository ceases to be registered as a clearing agency under the Exchange Act, and a successor depository or clearing system is not appointed within 90 days of this
notice or 

  
 A-9 

 
cessation, (b) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Securities in definitive form under the Indenture or (c) upon the
occurrence and continuation of an Event of Default under the Indenture with respect to the Securities. Upon surrender by the Depository of the global Securities, certificated Securities will be issued to each Person that the Depository identifies as
the beneficial owner of the Securities represented by the global Security. Upon any such issuance, the Trustee is required to register the certificated Securities in the name of the Person or Persons or the nominee of any of these Persons and cause
the same to be delivered to these Persons. Neither the Company nor the Trustee shall be liable for any delay by the Depository or any participant or indirect participant in identifying the beneficial owners of the related Securities and each such
Person may conclusively rely on, and shall be protected in relying on, instructions from the Depository for all purposes, including with respect to the registration and delivery, and respective principal amounts, of the Securities to be issued. 

Section 6. Events of Default 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 Section 7. Persons Deemed Owners

 The registered Securityholder may be treated as the owner of it for all purposes. 

Section 8. Unclaimed Money 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates another Person. After any such payment, Securityholders entitled to the money must look only to the Company and not to the Trustee for payment. 

Section 9. Discharge and Defeasance 

Subject to certain conditions, the Company at any time may terminate some of or all its obligations under the Securities and the Indenture if
the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be. 

Section 10. Trustee Dealings with the Company 

Subject to certain limitations imposed by the Trust Indenture Act, the Trustee under the Indenture, in its individual or any other capacity,
may become the owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not
Trustee. 

  
 A-10 

 Section 11. No Recourse Against Others 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under
the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Securityholder waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities. 
 Section 12. Authentication 

This Security shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security. 
 Section 13. Notices 

Notices to Securityholders will be published in authorized daily newspapers in the City of New York. It is expected that publication will be
made in the City of New York in The Wall Street Journal. Any notice given pursuant to these provisions shall be deemed to have been given on the date of publication or, if published more than once, on the date first published. 

Section 14. Governing Law 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 15. CUSIP Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers
to be printed on the Securities and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Securityholders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

Section 16. Defined Terms 

All terms used in this Security which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them
in the Indenture. 
 The Company will furnish to any Securityholder upon written request and without charge to the Securityholder a copy of
the Indenture which has in it the text of this Security. 

  
 A-11 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE 

OR REGISTRATION OF TRANSFER OF SECURITIES 

This Certificate relates to $400,000,000 principal amount of Securities held in (check applicable space) ___ book-entry or ___ definitive form
by _________________________ (the “Transferor”). 
 The Transferor (check one box below): 

has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Security held by the Depository a
Security or Securities in definitive, registered form of authorized denominations in an aggregate principal amount equal to its beneficial interest in such Global Security (or the portion thereof indicated above); or 

has requested the Trustee by written order to exchange or register the transfer of a Security or Securities. 

 

							
		 		 	 
		 		 	[INSERT NAME OF TRANSFEROR]
				
	Dated:                	 		 	By:	 	 

  

  
 A-12 

 SCHEDULE OF EXCHANGES 

The following exchanges of a part of this Book-Entry Security have been made: 

 

									
	Date of Exchange	  	 Amount of decrease in

Principal Amount of
 this Book-Entry
Security
	  	 Amount of increase in

Principal Amount of
 this Book-Entry
Security
	  	 Principal Amount of this

Book-Entry Security
 following such
decrease
 (or increase)
	  	 Signature of

authorized signatory
 of Trustee
or
Security Custodian

  
 A-13 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
 I or we assign
and transfer this Security 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 Security on the books of the Company. The
agent may substitute another to act for him. 
  

	
	Date: ______________________ Your Signature: ______________________________
	
	                                   
                                         
                                         
                                         
                                         
 
	 Sign exactly as your name appears on the other side of this Security.

  
 A-14 

 EXHIBIT B 

FORM OF NOTE 

(SPECIMEN) 
 KELLOGG COMPANY

 4.300% Senior Notes due 2028 
 Unless this
certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC” and the “Depository”), to the Company (as defined below) or its agent for registration of transfer, exchange
or payment, and any certificate 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 an interest herein. 

 

			
	REGISTERED	  	REGISTERED
		
	No. R-1	  	U.S.$ 500,000,000
		  	CUSIP No.: 487836 BW7

 Kellogg Company, a corporation duly organized and existing under the laws of Delaware (herein called the
“Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum set forth above or such other
principal sum on the Schedule of Exchanges attached hereto (which shall not exceed U.S.$ 500,000,000) on May 15, 2028, and to pay interest thereon from May 14, 2018, or from the most recent interest payment date to which interest has been
paid or duly provided for, semiannually on May 15 and November 15 in each year, commencing November 15, 2018 at the rate of 4.300% per annum, until the principal hereof is paid or made available for payment. 

The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in the Indenture, be paid to
the Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest, which shall be the May 1 or November 1 (whether or not a Business Day), as
the case may be, immediately preceding such interest payment date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Securityholder on such regular record date and may either be paid to the
Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on a special record date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to
Securityholders of this Series not less than 10 days prior to such special record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this Series may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

  
 B-1 

 Payment of the principal of (and premium, if any) and interest on this Security will be made at
the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private
debts; provided, however, that at the option of the Company payment of interest may be made by check delivered to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer to
an account maintained by the Person entitled thereto as specified in the Security Register, provided that such Person shall have given the Trustee written wire instructions at least five Business Days prior to the applicable Interest Payment Date.

 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

* * * * 

  
 B-2 

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

Dated: May 14, 2018 
  

					
	KELLOGG COMPANY
		
	By:	 	 
		 	Name:	 	Joel A. Vander Kooi
		 	Title:	 	Vice President – Treasurer

  

					
	
		
	By:	 	 
		 	Name:	 	Gary H. Pilnick
		 	Title:	 	Vice Chairman, Corporate Development and Chief Legal Officer

  
 B-3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 

Dated: May 14, 2018 
  

			
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

		
	By:	 	 
		 	Authorized Signatory

  
 B-4 

 [FORM OF REVERSE SIDE OF SECURITY] 

4.300% Senior Notes due 2028 

Section 1. Indenture 

The Company issued the Securities under an Indenture, dated as of May 21, 2009, between the Company and the Trustee (the
“Indenture”). The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date of the Indenture. The Securities are subject to all terms
and provisions of the Indenture, and Securityholders are referred to the Indenture and the Trust Indenture Act for a statement of such terms and provisions. 

The series of Securities are senior unsecured obligations of the Company initially limited to $600,000,000 aggregate principal amount at any
one time outstanding. This Security is one of a Series designated as 4.300% Senior Notes due 2028 of the Company. 
 Section 2.
Optional Redemption 
 Prior to February 15, 2028 (the date that is three months prior to the maturity date of the Securities
(the “Par Call Date”)), the Securities may be redeemed at the Company’s option, at any time in whole or from time to time in part. The redemption price for the Securities to be redeemed on any redemption date will be equal to the
greater of the following amounts: 
  

	 	(a)	100% of the principal amount of the Securities being redeemed on the redemption date; or 

  

	 	(b)	the sum of the present values of the remaining scheduled payments of principal and interest on the Securities being redeemed that would be due if such Securities matured on the Par Call Date (not including any portion
of any payments of interest accrued to the redemption date) discounted to the redemption date on a semiannual basis at the Treasury Rate (as defined below), as determined by the Reference Treasury Dealer (as defined below), plus 25 basis points;

 plus, in each case, accrued and unpaid interest on the Securities to the redemption date. Notwithstanding the foregoing, installments of
interest on the Securities 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 Securityholders as of the close of business on the relevant record
date according to the Securities and the Indenture. The redemption price will be calculated by the Company on the basis of a 360-day year consisting of twelve 30-day
months. 
 On or after the Par Call Date, the Securities will be redeemable, at the Company’s option, at any time in whole, or from
time to time in part, at a redemption price equal to 100% of the principal amount of the Securities plus accrued and unpaid interest, to, but excluding, the redemption date. Notwithstanding the foregoing, installments of interest on the Securities
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 Securities
and the Indenture. 

  
 B-5 

 The Company will deliver notice of any redemption at least 30 days but not more than
60 days before the redemption date to each Securityholder of the Securities to be redeemed. Once notice of redemption is delivered, the Securities called for redemption will become due and payable on the redemption date and at the applicable
redemption price, plus accrued and unpaid interest to the redemption date. 
 “Treasury Rate” means, with respect to any
redemption date, the rate per annum equal to the semiannual 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. 
 “Comparable Treasury Issue” means the United States Treasury security selected
by the Reference Treasury Dealer as having a maturity comparable to the remaining term of the Securities to be redeemed (assuming for this purpose that the Securities matured on the Par Call Date) that would be utilized, at the time of selection and
in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities. 

“Comparable Treasury Price” means, with respect to any redemption date, (A) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Company obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such Quotations,
or (C) if only one Reference Treasury Dealer Quotation is received, such Quotation. 
 “Reference Treasury Dealer”
means each of (A) Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC (or their respective affiliates which are Primary Treasury Dealers), and their respective successors;
provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer; and
(B) any other Primary Treasury Dealer selected by the Company. 
 “Reference Treasury Dealer Quotation” means, with
respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, 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 Company by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third business day preceding such redemption date. 

On and after the redemption date, interest will cease to accrue on the Securities or any portion of the Securities called for redemption
(unless the Company defaults in the payment of the redemption price and accrued interest). On or before the redemption date, the Company will deposit with a Paying Agent or the Trustee money sufficient to pay the redemption price of and accrued
interest on the Securities to be redeemed on that date. If less than all of the securities of any series are to be redeemed, the securities to be redeemed shall be selected by lot or in accordance with applicable DTC procedures. The Securities will
not be entitled to the benefit of any mandatory redemption or sinking fund. 

  
 B-6 

 Section 3. Repurchase at Option of Holders Upon Change of Control Repurchase Event

 If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its right to redeem the Securities as
described in Section 2, the Company will make an offer to each Securityholder to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in excess thereof) of that holder’s Securities at a repurchase price in cash
equal to 101% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of repurchase. Within 30 days following any Change of Control Repurchase Event or, at the
Company’s option, prior to any Change of Control (as defined below), but after the public announcement of an impending Change of Control, the Company will deliver a notice to each Securityholder, with a copy to the Trustee, describing the
transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than
60 days from the date such notice is delivered. The notice shall, if delivered prior to the date of consummation of the Change of Control, state that the offer to repurchase is conditioned on the Change of Control Repurchase Event occurring on
or prior to the payment date specified in the notice. 
 The Company will comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder, to the extent those laws and regulations are
applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control repurchase event
provisions of the Securities, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached our obligations under the Change of Control Repurchase Event provisions of the Securities by virtue of
such conflict. 
 On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful: 

 

	 	(a)	accept for payment all Securities or portions of Securities properly tendered pursuant to the Company’s offer; 

  

	 	(b)	deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions of Securities properly tendered; and 

 

	 	(c)	deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Securities being purchased by the Company.

 The Paying Agent will promptly remit to each Securityholder of properly tendered Securities the purchase price for the
Securities, and the Trustee will promptly authenticate and deliver (or cause to be transferred by book-entry) to each Securityholder a new Security equal in principal amount to any unpurchased portion of any Securities surrendered; provided, that
each new Security will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 

  
 B-7 

 The Company will not be required to make an offer to repurchase the Securities upon a Change of
Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not
withdrawn under its offer. An offer to repurchase the Securities upon a Change of Control Repurchase Event may be made in advance of a Change of Control Repurchase Event, if a definitive agreement is in place for a Change of Control at the time of
the making of such an offer. 
 “Below Investment Grade Rating Event” occurs if both the rating on the Securities is
lowered by each of the Rating Agencies and the Securities are rated below Investment Grade by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade
by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus
shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if any of the Rating Agencies making the reduction in rating to which this definition would otherwise apply
does not announce or publicly confirm or inform the trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable
Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 

“Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of our properties or assets and those of our subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the
Company or one of its Subsidiaries; 
 (2) the adoption of a plan relating to the Company’s liquidation or dissolution; 

(3) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or 

(4) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation)
the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly-owned Subsidiaries, becomes the beneficial owner, directly or indirectly, of more
than 50% of the then outstanding shares of the Company’s Voting Stock, measured by voting power rather than number of shares. 

  
 B-8 

 “Change of Control Repurchase Event” means the occurrence of both a Change of
Control and a Below Investment Grade Rating Event. 
 “Continuing Directors” means, as of any date of determination, any
member of the Company’s Board of Directors who (1) was a member of such Board of Directors on the date of the issuance of the Securities; or (2) was nominated for election or elected to such Board of Directors with the approval of a
majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of our proxy statement in which such member was named as a nominee for election as
a director). 
 “Fitch” means Fitch Ratings. 

“Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under
any successor rating categories of Fitch), Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent
under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service Inc. 

“Rating Agency” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, Moody’s or S&P
ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of our control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the
Exchange Act, selected by the Company as a replacement agency for Fitch, Moody’s or S&P, as the case may be. 

“S&P” means S&P Global Ratings, a division of S&P Global, Inc. 

“Voting Stock” means, with respect to any person, capital stock of any class or kind the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency. 

Section 4. Sinking Fund 

The Securities are not subject to any sinking fund. 

Section 5. Denominations; Transfer; Exchange 

The Securities are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A
Securityholder may transfer or exchange Securities in accordance with the Indenture. Upon any transfer or exchange, the Registrar and the Trustee may require a Securityholder, among other things, to furnish appropriate endorsements or transfer
documents and to pay any taxes required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Securities selected for redemption or to transfer or exchange any Securities for a period of 15 days prior
to the delivering of a notice of redemption of Securities to be redeemed. 

  
 B-9 

 A global Security deposited with the Depository or the Trustee shall be transferred to the
beneficial owner thereof in the form of definitive Securities only if (a) the Company notifies the Trustee in writing that the Depository, Euroclear Bank, SA/NV, or Clearstream Banking, S.A., Luxembourg is no longer willing or able to act as a
depository or clearing system for the Securities or the Depository ceases to be registered as a clearing agency under the Exchange Act, and a successor depository or clearing system is not appointed within 90 days of this notice or cessation,
(b) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Securities in definitive form under the Indenture or (c) upon the occurrence and continuation of an Event of Default under the
Indenture with respect to the Securities. Upon surrender by the Depository of the global Securities, certificated Securities will be issued to each Person that the Depository identifies as the beneficial owner of the Securities represented by the
global Security. Upon any such issuance, the Trustee is required to register the certificated Securities in the name of the Person or Persons or the nominee of any of these Persons and cause the same to be delivered to these Persons. Neither the
Company nor the Trustee shall be liable for any delay by the Depository or any participant or indirect participant in identifying the beneficial owners of the related Securities and each such Person may conclusively rely on, and shall be protected
in relying on, instructions from the Depository for all purposes, including with respect to the registration and delivery, and respective principal amounts, of the Securities to be issued. 

Section 6. Events of Default 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 Section 7. Persons Deemed Owners

 The registered Securityholder may be treated as the owner of it for all purposes. 

Section 8. Unclaimed Money 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates another Person. After any such payment, Securityholders entitled to the money must look only to the Company and not to the Trustee for payment. 

Section 9. Discharge and Defeasance 

Subject to certain conditions, the Company at any time may terminate some of or all its obligations under the Securities and the Indenture if
the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be. 

  
 B-10 

 Section 10. Trustee Dealings with the Company 

Subject to certain limitations imposed by the Trust Indenture Act, the Trustee under the Indenture, in its individual or any other capacity,
may become the owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not
Trustee. 
 Section 11. No Recourse Against Others 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under
the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Securityholder waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities. 
 Section 12. Authentication 

This Security shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security. 
 Section 13. Notices 

Notices to Securityholders will be published in authorized daily newspapers in the City of New York. It is expected that publication will be
made in the City of New York in The Wall Street Journal. Any notice given pursuant to these provisions shall be deemed to have been given on the date of publication or, if published more than once, on the date first published. 

Section 14. Governing Law 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 15. CUSIP Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers
to be printed on the Securities and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Securityholders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

  
 B-11 

 Section 16. Defined Terms 

All terms used in this Security which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them
in the Indenture. 
 The Company will furnish to any Securityholder upon written request and without charge to the Securityholder a copy of
the Indenture which has in it the text of this Security. 

  
 B-12 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE 

OR REGISTRATION OF TRANSFER OF SECURITIES 

This Certificate relates to $500,000,000 principal amount of Securities held in (check applicable space) ___ book-entry or ___ definitive form
by _________________________ (the “Transferor”). 
 The Transferor (check one box below): 

has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Security held by the Depository a
Security or Securities in definitive, registered form of authorized denominations in an aggregate principal amount equal to its beneficial interest in such Global Security (or the portion thereof indicated above); or 

has requested the Trustee by written order to exchange or register the transfer of a Security or Securities. 

 

							
		 		 	 
		 		 	[INSERT NAME OF TRANSFEROR]
				
	Dated:                	 		 	By:	 	 

  
 B-13 

 SCHEDULE OF EXCHANGES 

The following exchanges of a part of this Book-Entry Security have been made: 

 

									
	Date of Exchange	  	 Amount of decrease in

Principal Amount of
 this Book-Entry
Security
	  	 Amount of increase in

Principal Amount of
 this
Book-Entry
 Security
	  	 Principal Amount of this

Book-Entry Security
 following such
decrease
 (or increase)
	  	 Signature of

authorized signatory
 of Trustee
or
 Security Custodian

  
 B-14 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
 I or we assign
and transfer this Security 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 Security on the books of the Company. The agent may substitute another to
act for him. 
 Date: ______________________ Your Signature: _____________________________ 

 
  

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

  
 B-15 

 EXHIBIT C 

FORM OF NOTE 
 (SPECIMEN)

 KELLOGG COMPANY 
 4.300%
Senior Notes due 2028 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC” and the “Depository”), to the Company (as defined below) or its agent for registration of transfer, exchange or payment, and any certificate 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 an interest herein. 
  

			
	REGISTERED	  	REGISTERED
		
	No. R-2	  	U.S.$ 100,000,000
		  	CUSIP No.: 487836 BW7

 Kellogg Company, a corporation duly organized and existing under the laws of Delaware (herein called the
“Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum set forth above or such other
principal sum on the Schedule of Exchanges attached hereto (which shall not exceed U.S.$ 500,000,000) on May 15, 2028, and to pay interest thereon from May 14, 2018, or from the most recent interest payment date to which interest has been
paid or duly provided for, semiannually on May 15 and November 15 in each year, commencing November 15, 2018 at the rate of 4.300% per annum, until the principal hereof is paid or made available for payment. 

The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in the Indenture, be paid to
the Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on the regular record date for such interest, which shall be the May 1 or November 1 (whether or not a Business Day), as
the case may be, immediately preceding such interest payment date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Securityholder on such regular record date and may either be paid to the
Person in whose name this Security (or one or more predecessor Securities) is registered at the close of business on a special record date for the payment of such defaulted interest to be fixed by the Trustee, notice whereof shall be given to
Securityholders of this Series not less than 10 days prior to such special record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this Series may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

 Payment of the principal of (and premium, if any) and interest on this Security will be made at
the office or agency of the Company maintained for that purpose in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private
debts; provided, however, that at the option of the Company payment of interest may be made by check delivered to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer to
an account maintained by the Person entitled thereto as specified in the Security Register, provided that such Person shall have given the Trustee written wire instructions at least five Business Days prior to the applicable Interest Payment Date.

 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

* * * * 

  
 C-2 

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

Dated: May 14, 2018 
  

					
	KELLOGG COMPANY
		
	By:	 	 
		 	Name:	 	Joel A. Vander Kooi
		 	Title:	 	Vice President – Treasurer
		
	By:	 	 
		 	Name:	 	Gary H. Pilnick
		 	Title:	 	Vice Chairman, Corporate Development and Chief Legal Officer

  
 C-3 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 

Dated: May 14, 2018 
  

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	    as Trustee
		
	By:  	 	 
		 	Authorized Signatory

  
 C-4 

 [FORM OF REVERSE SIDE OF SECURITY] 

4.300% Senior Notes due 2028 

Section 1. Indenture 

The Company issued the Securities under an Indenture, dated as of May 21, 2009, between the Company and the Trustee (the
“Indenture”). The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date of the Indenture. The Securities are subject to all terms
and provisions of the Indenture, and Securityholders are referred to the Indenture and the Trust Indenture Act for a statement of such terms and provisions. 

The series of Securities are senior unsecured obligations of the Company initially limited to $600,000,000 aggregate principal amount at any
one time outstanding. This Security is one of a Series designated as 4.300% Senior Notes due 2028 of the Company. 
 Section 2.
Optional Redemption 
 Prior to February 15, 2028 (the date that is three months prior to the maturity date of the Securities
(the “Par Call Date”)), the Securities may be redeemed at the Company’s option, at any time in whole or from time to time in part. The redemption price for the Securities to be redeemed on any redemption date will be equal to the
greater of the following amounts: 
  

	 	(a)	100% of the principal amount of the Securities being redeemed on the redemption date; or 

  

	 	(b)	the sum of the present values of the remaining scheduled payments of principal and interest on the Securities being redeemed that would be due if such Securities matured on the Par Call Date (not including any portion
of any payments of interest accrued to the redemption date) discounted to the redemption date on a semiannual basis at the Treasury Rate (as defined below), as determined by the Reference Treasury Dealer (as defined below), plus 25 basis points;

 plus, in each case, accrued and unpaid interest on the Securities to the redemption date. Notwithstanding the foregoing, installments of
interest on the Securities 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 Securityholders as of the close of business on the relevant record
date according to the Securities and the Indenture. The redemption price will be calculated by the Company on the basis of a 360-day year consisting of twelve 30-day
months. 
 On or after the Par Call Date, the Securities will be redeemable, at the Company’s option, at any time in whole, or from
time to time in part, at a redemption price equal to 100% of the principal amount of the Securities plus accrued and unpaid interest, to, but excluding, the redemption date. Notwithstanding the foregoing, installments of interest on the Securities
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 Securities
and the Indenture. 

  
 C-5 

 The Company will deliver notice of any redemption at least 30 days but not more than
60 days before the redemption date to each Securityholder of the Securities to be redeemed. Once notice of redemption is delivered, the Securities called for redemption will become due and payable on the redemption date and at the applicable
redemption price, plus accrued and unpaid interest to the redemption date. 
 “Treasury Rate” means, with respect to any
redemption date, the rate per annum equal to the semiannual 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. 
 “Comparable Treasury Issue” means the United States Treasury security selected
by the Reference Treasury Dealer as having a maturity comparable to the remaining term of the Securities to be redeemed (assuming for this purpose that the Securities matured on the Par Call Date) that would be utilized, at the time of selection and
in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities. 

“Comparable Treasury Price” means, with respect to any redemption date, (A) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Company obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such Quotations,
or (C) if only one Reference Treasury Dealer Quotation is received, such Quotation. 
 “Reference Treasury Dealer”
means each of (A) Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC (or their respective affiliates which are Primary Treasury Dealers), and their respective successors;
provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer; and
(B) any other Primary Treasury Dealer selected by the Company. 
 “Reference Treasury Dealer Quotation” means, with
respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, 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 Company by such Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third business day preceding such redemption date. 

On and after the redemption date, interest will cease to accrue on the Securities or any portion of the Securities called for redemption
(unless the Company defaults in the payment of the redemption price and accrued interest). On or before the redemption date, the Company will deposit with a Paying Agent or the Trustee money sufficient to pay the redemption price of and accrued
interest on the Securities to be redeemed on that date. If less than all of the securities of any series are to be redeemed, the securities to be redeemed shall be selected by lot or in accordance with applicable DTC procedures. The Securities will
not be entitled to the benefit of any mandatory redemption or sinking fund. 

  
 C-6 

 Section 3. Repurchase at Option of Holders Upon Change of Control Repurchase Event

 If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its right to redeem the Securities as
described in Section 2, the Company will make an offer to each Securityholder to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in excess thereof) of that holder’s Securities at a repurchase price in cash
equal to 101% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of repurchase. Within 30 days following any Change of Control Repurchase Event or, at the
Company’s option, prior to any Change of Control (as defined below), but after the public announcement of an impending Change of Control, the Company will deliver a notice to each Securityholder, with a copy to the Trustee, describing the
transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than
60 days from the date such notice is delivered. The notice shall, if delivered prior to the date of consummation of the Change of Control, state that the offer to repurchase is conditioned on the Change of Control Repurchase Event occurring on
or prior to the payment date specified in the notice. 
 The Company will comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder, to the extent those laws and regulations are
applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control repurchase event
provisions of the Securities, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached our obligations under the Change of Control Repurchase Event provisions of the Securities by virtue of
such conflict. 
 On the Change of Control Repurchase Event payment date, the Company will, to the extent lawful: 

 

	 	(a)	accept for payment all Securities or portions of Securities properly tendered pursuant to the Company’s offer; 

  

	 	(b)	deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions of Securities properly tendered; and 

 

	 	(c)	deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Securities being purchased by the Company.

 The Paying Agent will promptly remit to each Securityholder of properly tendered Securities the purchase price for the
Securities, and the Trustee will promptly authenticate and deliver (or cause to be transferred by book-entry) to each Securityholder a new Security equal in principal amount to any unpurchased portion of any Securities surrendered; provided, that
each new Security will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. 

  
 C-7 

 The Company will not be required to make an offer to repurchase the Securities upon a Change of
Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not
withdrawn under its offer. An offer to repurchase the Securities upon a Change of Control Repurchase Event may be made in advance of a Change of Control Repurchase Event, if a definitive agreement is in place for a Change of Control at the time of
the making of such an offer. 
 “Below Investment Grade Rating Event” occurs if both the rating on the Securities is
lowered by each of the Rating Agencies and the Securities are rated below Investment Grade by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the 60-day period following public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade
by any of the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus
shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Repurchase Event hereunder) if any of the Rating Agencies making the reduction in rating to which this definition would otherwise apply
does not announce or publicly confirm or inform the trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable
Change of Control (whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 

“Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of our properties or assets and those of our subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the
Company or one of its Subsidiaries; 
 (2) the adoption of a plan relating to the Company’s liquidation or dissolution; 

(3) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or 

(4) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation)
the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly-owned Subsidiaries, becomes the beneficial owner, directly or indirectly, of more
than 50% of the then outstanding shares of the Company’s Voting Stock, measured by voting power rather than number of shares. 

  
 C-8 

 “Change of Control Repurchase Event” means the occurrence of both a Change of
Control and a Below Investment Grade Rating Event. 
 “Continuing Directors” means, as of any date of determination, any
member of the Company’s Board of Directors who (1) was a member of such Board of Directors on the date of the issuance of the Securities; or (2) was nominated for election or elected to such Board of Directors with the approval of a
majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination or election (either by a specific vote or by approval of our proxy statement in which such member was named as a nominee for election as
a director). 
 “Fitch” means Fitch Ratings. 

“Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under
any successor rating categories of Fitch), Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent
under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service Inc. 

“Rating Agency” means (1) each of Fitch, Moody’s and S&P; and (2) if any of Fitch, Moody’s or S&P
ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of our control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the
Exchange Act, selected by the Company as a replacement agency for Fitch, Moody’s or S&P, as the case may be. 

“S&P” means S&P Global Ratings, a division of S&P Global, Inc. 

“Voting Stock” means, with respect to any person, capital stock of any class or kind the holders of which are ordinarily, in
the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency. 

Section 4. Sinking Fund 

The Securities are not subject to any sinking fund. 

Section 5. Denominations; Transfer; Exchange 

The Securities are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. A
Securityholder may transfer or exchange Securities in accordance with the Indenture. Upon any transfer or exchange, the Registrar and the Trustee may require a Securityholder, among other things, to furnish appropriate endorsements or transfer
documents and to pay any taxes required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Securities selected for redemption or to transfer or exchange any Securities for a period of 15 days prior
to the delivering of a notice of redemption of Securities to be redeemed. 

  
 C-9 

 A global Security deposited with the Depository or the Trustee shall be transferred to the
beneficial owner thereof in the form of definitive Securities only if (a) the Company notifies the Trustee in writing that the Depository, Euroclear Bank, SA/NV, or Clearstream Banking, S.A., Luxembourg is no longer willing or able to act as a
depository or clearing system for the Securities or the Depository ceases to be registered as a clearing agency under the Exchange Act, and a successor depository or clearing system is not appointed within 90 days of this notice or cessation,
(b) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Securities in definitive form under the Indenture or (c) upon the occurrence and continuation of an Event of Default under the
Indenture with respect to the Securities. Upon surrender by the Depository of the global Securities, certificated Securities will be issued to each Person that the Depository identifies as the beneficial owner of the Securities represented by the
global Security. Upon any such issuance, the Trustee is required to register the certificated Securities in the name of the Person or Persons or the nominee of any of these Persons and cause the same to be delivered to these Persons. Neither the
Company nor the Trustee shall be liable for any delay by the Depository or any participant or indirect participant in identifying the beneficial owners of the related Securities and each such Person may conclusively rely on, and shall be protected
in relying on, instructions from the Depository for all purposes, including with respect to the registration and delivery, and respective principal amounts, of the Securities to be issued. 

Section 6. Events of Default 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 Section 7. Persons Deemed Owners

 The registered Securityholder may be treated as the owner of it for all purposes. 

Section 8. Unclaimed Money 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its written request unless an abandoned property law designates another Person. After any such payment, Securityholders entitled to the money must look only to the Company and not to the Trustee for payment. 

Section 9. Discharge and Defeasance 

Subject to certain conditions, the Company at any time may terminate some of or all its obligations under the Securities and the Indenture if
the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be. 

  
 C-10 

 Section 10. Trustee Dealings with the Company 

Subject to certain limitations imposed by the Trust Indenture Act, the Trustee under the Indenture, in its individual or any other capacity,
may become the owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not
Trustee. 
 Section 11. No Recourse Against Others 

A director, officer, employee or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under
the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Security, each Securityholder waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities. 
 Section 12. Authentication 

This Security shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security. 
 Section 13. Notices 

Notices to Securityholders will be published in authorized daily newspapers in the City of New York. It is expected that publication will be
made in the City of New York in The Wall Street Journal. Any notice given pursuant to these provisions shall be deemed to have been given on the date of publication or, if published more than once, on the date first published. 

Section 14. Governing Law 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 15. CUSIP Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers
to be printed on the Securities and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Securityholders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as
contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 

  
 C-11 

 Section 16. Defined Terms 

All terms used in this Security which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them
in the Indenture. 
 The Company will furnish to any Securityholder upon written request and without charge to the Securityholder a copy of
the Indenture which has in it the text of this Security. 

  
 C-12 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE 

OR REGISTRATION OF TRANSFER OF SECURITIES 

This Certificate relates to $100,000,000 principal amount of Securities held in (check applicable space)
         book-entry or          definitive form
by                                        
             (the “Transferor”). 
 The Transferor (check one box below): 

has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Security held by the Depository a
Security or Securities in definitive, registered form of authorized denominations in an aggregate principal amount equal to its beneficial interest in such Global Security (or the portion thereof indicated above); or 

has requested the Trustee by written order to exchange or register the transfer of a Security or Securities. 

 

							
		 		 	[INSERT NAME OF TRANSFEROR]
				
	Dated:                            	 		 	By:	 	 
		 		 		 	
		 		 		 	

  
 C-13 

 SCHEDULE OF EXCHANGES 

The following exchanges of a part of this Book-Entry Security have been made: 

 

									
	Date of Exchange	  	 Amount of decrease in

Principal Amount of
 this Book-Entry
Security
	  	 Amount of increase in

Principal Amount of
 this
Book-Entry
 Security
	  	 Principal Amount of this

Book-Entry Security
 following such
decrease
 (or increase)
	  	 Signature of

authorized signatory
 of Trustee
or
 Security Custodian

  
 C-14 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
 I or we assign
and transfer this Security 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 Security on the books of the Company. The agent may substitute another to
act for him. 
 Date: ______________________ Your Signature: ______________________________ 

 
  

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

  
 C-15

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