Document:

EX-4.2

 Exhibit 4.2 

Execution Version 
  

 
 CAPITAL ONE FINANCIAL CORPORATION

 FIRST SUPPLEMENTAL INDENTURE 

Dated as of November 2, 2021 

to 
 SENIOR INDENTURE 

Dated as of November 1, 1996 

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

 

 This FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”), dated as
of November 2, 2021, is by and between CAPITAL ONE FINANCIAL CORPORATION, a Delaware corporation (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., formerly known as The Bank of New York Trust Company, N.A., as
successor to Harris Trust and Savings Bank (the “Trustee”). 
 RECITALS 

WHEREAS, the Company has heretofore executed and delivered to the Trustee a Senior Indenture, dated as of November 1, 1996 (the
“Existing Indenture” and together with this First Supplemental Indenture, the “Indenture”) providing for the issuance by the Company from time to time of its unsecured senior debentures, notes or other evidences of indebtedness,
in one or more series (the “Securities”); 
 WHEREAS, Section 901(11) of the Existing Indenture provides that the Company
(when authorized by or pursuant to a Board Resolution) and the Trustee may, without the consent of any Holders of Securities, enter into one or more indentures supplemental to the Existing Indenture to amend or supplement any of the provisions of
the Existing Indenture, provided that no such amendment or supplement shall materially adversely affect the interests of the Holders of any Securities of such series then outstanding; 

WHEREAS, any change to or elimination of any provision of the Existing Indenture pursuant to this First Supplemental Indenture shall not apply
to any outstanding Security prior to the execution of this First Supplemental Indenture, and each outstanding Security prior to the execution of this First Supplemental Indenture shall continue to be entitled to the benefit of the provisions under
the Existing Indenture; 
 WHEREAS, in accordance with Section 901 of the Existing Indenture, the Company and the Trustee wish to amend
the Existing Indenture to change or eliminate certain provisions (including provisions relating to events of default and remedies) of the Existing Indenture with respect to each series of Securities issued following the execution of this First
Supplemental Indenture, as set forth below; and 
 WHEREAS, the Company is delivering contemporaneously herewith to the Trustee, pursuant to
the Existing Indenture, an officer’s certificate and an opinion of counsel in connection with the execution and delivery of this First Supplemental Indenture. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the sufficiency and adequacy of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 

AMENDMENTS TO THE INDENTURE 

Section 1.1 Section 101 of the Existing Indenture is hereby amended by: 

(a) Inserting the following new defined term immediately following the definition of “Corporation”: 

“Covenant Breach” means, with respect to Securities of any series (i) default in the deposit of any sinking fund payment, when
and as due by the terms of a Security of such series; or (ii) default in the performance, or breach, of any covenant or warranty of the Company in this Indenture or the Securities (other than a covenant or warranty a default in the performance
or the breach of which is specifically dealt with in Section 501(a) or which has been expressly included in this Indenture solely for the benefit of a series of Securities other than such series), and continuance of such default or breach for a
period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of such series a written
notice specifying such default or breach and requiring it to be remedied and stating 

  
 1 

 
that such notice is a “Notice of Covenant Breach” hereunder; or (iii) any other Covenant Breach provided pursuant to Section 301 with respect to the Securities of that series.
For the avoidance of doubt, a Covenant Breach shall not be an Event of Default with respect to any Security, except to the extent otherwise specified as contemplated by Section 301 with respect to such Security. Solely for purposes of this
definition, Securities issued on or after November 2, 2021 shall be deemed not to be in the same series as the Securities issued prior to November 2, 2021 unless those Securities bear the same CUSIP number and/or ISIN as any Securities
issued under the Indenture the initial issuance of which occurred prior to November 2, 2021. 
 (b) Deleting and restating the
definition of “Officers’ Certificate” in its entirety and replacing it with the following: 
 “Officer’s
Certificate” means a certificate signed by any of the Chairman of the Board and Chief Executive Officer, a Vice Chairman, the President and Chief Operating Officer, any Senior Vice President, the Treasurer, any Assistant Treasurer, the
Secretary or an Assistant Secretary of the Company, that complies with the requirements of Section 314(e) of the Trust Indenture Act and is delivered to the Trustee. 

Section 1.2 Sections 101 and 601 of the Existing Indenture are hereby amended by replacing each reference to “Section 501”
with “Section 501(a).” 
 Section 1.3 Section 301(13) of the Existing Indenture is hereby amended by replacing the
reference to “Section 501” with “Section 502.” 
 Section 1.4 Section 301(17) of the Existing Indenture
is hereby amended by inserting “, Covenant Breaches” after each occurrence of the phrase “Events of Default.” 

Section 1.5 Section 303 of the Existing Indenture is hereby amended by: 

(a) Deleting and restating the last sentence of the first paragraph and replacing it with the following: “The signature of any of these
officers on the Securities or any Coupons appertaining thereto may be manual, facsimile or electronic.” 
 (b) Deleting and restating
the second paragraph in its entirety and replacing it with the following: 
 “Securities and any Coupons appertaining thereto bearing
the manual, facsimile or electronic signatures of individuals who were at any time the proper officers of the Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the
authentication and delivery of such Securities or did not hold such offices at the date of such Securities.” 
 (c) Deleting and
restating the first sentence of the last paragraph and replacing it with the following: 
 “No Security or Coupon appertaining thereto
shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Security a certificate of authentication substantially in the form provided for in Section 202 or 610 executed by or
on behalf of the Trustee by the manual, facsimile or electronic signature of one of its authorized officers or by an Authenticating Agent.” 

Section 1.6 Sections 402(1), 402(3), 503, 507, 511, 513, 601, 801(2) and 1009(a)(2) of the Existing Indenture are hereby amended by
inserting “or Covenant Breach” after each occurrence of the phrase “Event of Default.” 
 Section 1.7 Section 501
of the Existing Indenture is hereby amended by deleting such Section 501 in its entirety and replacing it with the following: 

Section 501. Events of Default and Notice of Default. 

(a) Events of Default. 

  
 2 

 “Event of Default”, wherever used herein with respect to Securities of any series,
means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or be effected by operation of law pursuant to any judgment, decree or order of any court or any order, rule or regulation of any
administrative or governmental body): 
 (1) default in the payment of any interest on any Security of such series when such interest becomes
due and payable, and continuance of such default for a period of 30 days; or 
 (2) default in the payment of the principal of and any
premium on any Security of such series when it becomes due and payable at its Maturity, and continuance of such default for a period of 30 days; or 

(3) the entry by a court having competent jurisdiction of: 

(a) a decree or order for relief in respect of the Company in an involuntary proceeding under any applicable bankruptcy,
insolvency, reorganization or other similar law and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(b) a decree or order adjudging the Company to be insolvent, or approving a petition seeking reorganization, arrangement,
adjustment or composition of the Company and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

(c) a final and non-appealable order appointing a custodian, receiver, liquidator,
assignee, trustee or other similar official of the Company or of any substantial part of the property of the Company, as the case may be, or ordering the winding up or liquidation of the affairs of the Company; or 

(4) the commencement by the Company of a voluntary proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law
or of a voluntary proceeding seeking to be adjudicated insolvent or the consent by the Company to the entry of a decree or order for relief in an involuntary proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law
or to the commencement of any insolvency proceedings against it, or the filing by the Company of a petition or answer or consent seeking reorganization or relief under any applicable law, or the consent by the Company to the filing of such petition
or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee or similar official of the Company or any substantial part of the property of the Company or the making by the Company of an assignment for the
benefit of creditors, or the taking of corporate action by the Company in furtherance of any such action; or 
 (5) any other Event of
Default provided in or pursuant to this Indenture with respect to Securities of such series. 
 (b) Notice of Default. 

If a default occurs hereunder with respect to the Securities of any series, the Trustee shall give the Holders of Securities of such series
notice of such default as and to the extent provided in the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Clause (ii) under the definition of “Covenant Breach” in
Section 101 with respect to the Securities of such series, no such notice to the Holders shall be given until at least 30 days after the occurrence thereof. For the purpose of this Section 501(b), the term “default” means any
event which is, or after notice or the lapse of time or both would become, an Event of Default or a Covenant Breach with respect to the Securities of such series. 

Section 1.8 Section 502 of the Existing Indenture is hereby amended by inserting the following at the end of the first paragraph thereof:

  
 3 

 Unless otherwise specified as contemplated by Section 301 with respect to the
Securities of such series, there shall be no rights of acceleration other than as described in the preceding sentence. In addition, for the avoidance of doubt, unless otherwise specified as contemplated by Section 301 with respect to the
Securities of a series, neither the Trustee nor any Holders of such Securities shall have the right to accelerate the payment of such Securities, nor shall the payment of any Securities be otherwise accelerated, as a result of a Covenant Breach.
Further, for avoidance of doubt, if an Event of Default as described in Section 501(a)(5) is specified for a series of Securities, there will be no right to accelerate payment of such Securities on the terms described in the preceding paragraph
unless such acceleration rights are granted specifically for such Securities as contemplated by Section 301. 
 Section 1.9 The
last paragraph of Section 502 of the Existing Indenture is hereby amended by replacing the word “default” with the phrase “Event of Default or Covenant Breach.” 

Section 1.10 Section 503(2) of the Existing Indenture is hereby is amended by inserting “and such default continues for a period of
30 days” after the phrase “at its Maturity.” 
 Section 1.11 Section 513 of the Existing Indenture is hereby amended by
inserting the following at the end thereof: 
 For the purpose of this Section, the term “default” means any event which is, or
after notice or the lapse of time or both would become, an Event of Default or a Covenant Breach with respect to the Securities of such series. 

Section 1.12 The final paragraph of Section 605 of the Existing Indenture is hereby amended by inserting “or a Covenant
Breach” after the phrase “in Article Five hereof.” 
 Section 1.13 Section 801(1) of the Existing Indenture is hereby
amended by inserting “(other than the conveyance, transfer or lease of all or substantially all of the Company’s assets to one or more of the Company’s Subsidiaries)” after the phrase “to any Person.” 

Section 1.14 Section 901(8) of the Existing Indenture is hereby amended by inserting “or Covenant Breaches” after the phrase
“Events of Default.” 
 Section 1.15 Section 1009(b) of the Existing Indenture is hereby amended by deleting “an Event
of Default pursuant to clause (4) of Section 501” and inserting “a Covenant Breach pursuant to clause (ii) of the definition of “Covenant Breach.”” 

ARTICLE II 
 MISCELLANEOUS 

Section 2.1 Definitions. All capitalized terms used herein and not otherwise defined below shall have the meanings ascribed thereto in
the Existing Indenture. 
 Section 2.2 Effect of this First Supplemental Indenture. The Existing Indenture shall be modified in
accordance with this First Supplemental Indenture, and this First Supplemental Indenture shall form part of the Existing Indenture for all purposes; and every Holder of Securities thereafter authenticated or delivered thereunder shall be
bound hereby. The Existing Indenture, as supplemented and amended by this First Supplemental Indenture, is in all respects hereby adopted, ratified and confirmed. Any cross-references to the provisions of the Existing Indenture that are deleted or
modified as a result of this First Supplemental Indenture are hereby accordingly deleted or modified, as applicable. Notwithstanding anything to the contrary contained herein, the modifications to the Existing Indenture pursuant to this First
Supplemental Indenture shall not apply to any outstanding Security prior to the date hereof. 
 Section 2.3 Trust Indenture Act
Controls. If any provision of this First Supplemental Indenture limits, qualifies or conflicts with another provision that is required or deemed to be included in this First Supplemental Indenture by the Trust Indenture Act, the required or deemed
provision shall control. 

  
 4 

 Section 2.4 Effect of Headings and Table of Contents. The Article and Section headings
herein are for convenience only and shall not affect the construction hereof. 
 Section 2.5 Successors and Assigns. All covenants and
agreements in this First Supplemental Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

Section 2.6 Separability Clause. If any provision in this First Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 2.7
Governing Law. This First Supplemental Indenture and the Securities shall be governed by and construed in accordance with the laws of New York, without regard to conflict of laws principles thereof. 

Section 2.8 Counterparts. This First Supplemental Indenture may be executed by each of the parties hereto in any number of counterparts,
each of which counterparts, when so executed and delivered, shall be deemed to be an original and all such counterparts shall together constitute one and the same agreement. Signature pages may be electronically executed and delivered
(“Electronic Signatures”), including by any electronic method complying with the federal ESIGN Act (e.g., DocuSign) or by wet ink signature captured on a pdf email attachment, and any signature pages so executed and delivered shall be
valid and binding for all purposes. The foregoing provision supersedes any other consent signed by the parties hereto related to the electronic signature and delivery of this First Supplemental Indenture. 

Section 2.9 Electronic Signatures. The words “execution”, “signed”, “signature”, “delivery” and
words of like import in or relating to this First Supplemental Indenture and/or any document, notice, instrument or certificate to be signed and/or delivered in connection with this First Supplemental Indenture and the transactions contemplated
hereby shall be deemed to include Electronic Signatures, electronic deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical
delivery thereof or the use of a paper-based recordkeeping system, as the case may be. 
 Section 2.10 No Representation by Trustee.
The recitals and statements herein are deemed to be those of the Company and not of the Trustee. The Trustee makes no representations as to the validity or sufficiency of this First Supplemental Indenture. 

[Signature page follows.] 

  
 5 

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

			
	CAPITAL ONE FINANCIAL CORPORATION
		
	By:	 	 /s/ Thomas A. Feil

	Name:	 	Thomas A. Feil
	Title:	 	Senior Vice President and Treasurer
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY N.A., as Trustee
		
	By:	 	 /s/ Lawrence M. Kusch

	Name:	 	Lawrence M. Kusch
	Title:	 	Vice President

  
  

[Signature Page to the First Supplemental Indenture]EX-4.3

 Exhibit 4.3 

1.878% FIXED-TO-FLOATING RATE SENIOR NOTE DUE 2027 

THIS IS A SECURITY IN GLOBAL FORM WITHIN THE MEANING OF THE SENIOR INDENTURE REFERRED TO HEREINAFTER. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (THE “DEPOSITARY”) TO
THE COMPANY 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 THE DEPOSITARY (AND ANY
PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), 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. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT
IN PART, TO NOMINEES OF THE DEPOSITARY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE SENIOR
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS NOT A SAVINGS ACCOUNT, DEPOSIT OR OTHER OBLIGATION OF A BANK AND IS NOT INSURED BY THE
FDIC OR ANY OTHER GOVERNMENTAL AGENCY OR INSTRUMENTALITY. 
  

			
	CUSIP No. 14040H CH6	  	
	ISIN No. US14040HCH66	  	
	No. [ ]	  	Principal Amount $[        ]

 CAPITAL ONE FINANCIAL CORPORATION 

1.878% FIXED-TO-FLOATING RATE SENIOR NOTES DUE 2027 

Capital One Financial Corporation, a Delaware corporation (the “Company”), for value received, hereby promises to pay to
Cede & Co. or registered assigns the principal sum of [                    ] United States Dollars, at the Company’s office or agency
for said purposes, on November 2, 2027 (the “Stated Maturity”). 
 Reference is made to the further provisions set forth on
the reverse hereof, including the definitions of certain capitalized terms. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 

This Security shall not be valid or obligatory until the certificate of authentication hereon shall have been duly signed by the Trustee
acting under the Senior Indenture. 

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

Dated: November 2, 2021 
  

			
	CAPITAL ONE FINANCIAL CORPORATION
		
	By:	 	  

		 	Name: Thomas A. Feil
		 	Title: Senior Vice President and Treasurer
		
	Attest By:	 	  

		 	Name: Jonathan Chiu
		 	Title: Assistant Secretary

 [Company’s Signature Page to
Fixed-to-Floating Rate Senior Note 2027] 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities issued under the within-mentioned Senior Indenture. 

Dated: November 2, 2021 
  

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

		 	Authorized Signatory

 [Trustee’s Signature Page to Fixed-to-Floating Rate Senior Note 2027] 

 REVERSE OF SECURITY 

Capital One Financial Corporation 

1.878% Fixed-to-Floating Rate Senior Notes Due 2027 

This Security is one of a duly authorized issue of debt securities of the Company, of the series hereinafter specified, all issued or to be
issued under a Senior Indenture, dated as of November 1, 1996 (the “Base Indenture”), as supplemented by a First Supplemental Indenture, dated as of November 2, 2021 (the “Supplemental Indenture” and, together with the
Base Indenture, the “Senior Indenture”) and each, duly executed and delivered by the Company to The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (as successor to Harris Trust and
Savings Bank), as trustee (hereinafter, the “Trustee”). Reference to the Senior Indenture and the Officer’s Certificate thereunder establishing the terms of this Security is hereby made for a description of the respective rights and
duties thereunder of the Trustee, the Company and the Holders of the Securities. This Security is one of a series designated as the “1.878% Fixed-to-Floating Rate
Senior Notes Due 2027” of the Company (hereinafter called the “Notes”), issued under the Senior Indenture. Each Holder by accepting a Note, agrees to be bound by all terms and provisions of the Senior Indenture, as amended from time
to time, applicable to the Notes. 
 Neither the Senior Indenture nor the Notes limit or otherwise restrict the amount of indebtedness which
may be incurred or other securities which may be issued by the Company. The Notes issued under the Senior Indenture are direct, unsecured obligations of the Company and will mature on November 2, 2027. The Notes rank on parity with all other
unsecured, unsubordinated indebtedness of the Company. 
 The Company promises to pay interest on the principal amount of this Security
(i) from and including November 2, 2021 to, but excluding, November 2, 2026 (the “Fixed Rate Period”), at a fixed rate of 1.878% per annum, semi-annually in arrears, on May 2 and November 2 of each year
(each such date, a “Fixed Rate Interest Payment Date”), commencing on May 2, 2022 and ending on November 2, 2026, and (ii) from, and including November 2, 2026 to but excluding the Stated Maturity (the
“Floating Rate Period”), at an annual rate equal to the Base Rate (as defined and computed below) plus 0.855% (the “Spread”), quarterly in arrears, on the second Business Day (as defined below) following each
Floating Rate Interest Period End-Date (as defined below) (each such Business Day, a “Floating Rate Interest Payment Date” and together with any Fixed Rate Period Payment Date, an
“Interest Payment Date), until the principal hereof is paid or made available for payment. 
 The Company will pay interest to
the holder in whose name this Security is registered at the close of business on the fifteenth calendar day (whether or not a Business Day (as defined below)), immediately preceding the related Fixed Rate Interest Payment Date or Floating Rate
Interest Payment Period End-Date (as defined below), as applicable (such date being referred to herein as the “Regular Record Date”). 

 During the Fixed Rate Period, interest shall be paid on the basis of a 360-day year comprised of twelve 30-day months. If any date on which interest is payable is not a Business Day, the payment of the interest payable on that date shall be made
on the next day that is a Business Day without any interest or other payment in respect of the delay, with the same force and effect as if made on the date such payment were due, and no interest shall accrue on the amount payable for the period from
and after such Fixed Rate Interest Payment Date. 
 During the Floating Rate Period, interest shall be paid on the basis of a 360-day year and the actual number of days elapsed; provided that the Floating Rate Interest Payment Date with respect to the final Floating Rate Interest Payment Period shall be the Stated Maturity. If the
scheduled Stated Maturity falls on a day that is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day, but interest on that payment will not accrue during the period from and after the scheduled
Stated Maturity. 
 For purposes of this Note, and in calculating the interest to be paid during the Floating Rate Period: 

 

	 	(1)	 A “Floating Rate Interest Payment Period End-Date”
means February 2, May 2, August 2 and November 2 in each year, beginning on February 2, 2027 and ending on the Stated Maturity; provided that if any scheduled Floating Rate Interest Payment Period End-Date, other than the Stated Maturity, falls on a day that is not a Business Day, it shall be postponed to the following Business Day, except that, if that Business Day would fall in the next calendar
month, the Floating Rate Interest Payment Period End-Date shall be the immediately preceding Business Day. If the scheduled final Floating Rate Interest Payment Period
End-Date (i.e., the Stated Maturity) falls on a day that is not a Business Day, the payment of principal and interest shall be made on the next succeeding Business Day, but interest on that payment will not
accrue during the period from and after the scheduled final Floating Rate Interest Payment Period End-Date. 

  

	 	(2)	 With respect to a Floating Rate Interest Payment Date, a “Floating Rate Interest Payment
Period” means the period from and including the second most recent Floating Rate Interest Payment Period End-Date (or from and including November 2, 2026 in the case of the first Floating Rate
Interest Payment Period) to but excluding the immediately preceding Floating Rate Interest Payment Period End-Date. Notwithstanding the above: (x) the Floating Rate Interest Payment Period with respect to
the final Floating Rate Interest Payment Date (i.e., the Stated Maturity) shall be the period from and including the second-to-last Floating Rate Interest Payment
Period End-Date to but excluding the Stated Maturity and (y) with respect to such final Floating Rate Interest Payment Period, the level of SOFR (as defined below) for each calendar day in the period from
and including the Rate Cut-Off Date (as defined below) to but excluding the Stated Maturity, shall be the level of SOFR in respect of such Rate Cut-Off Date.

  

	 	(3)	 The “Rate Cut-Off Date” means the second U.S.
Government Securities Business Day prior to the Stated Maturity. 

	 	(4)	 A “U.S. Government Securities Business Day” means any day except for a Saturday, Sunday or a
day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities. 

During the Floating Rate Period, the index maturity (the “Index Maturity”) for the Notes shall be daily. 

During the Floating Rate Period, the Base Rate shall be SOFR (compounded daily over a quarterly Floating Rate Interest Payment Period in
accordance with the specific formula described below). As further described below, (x) in determining the Base Rate for a U.S. Government Securities Business Day, the Base Rate generally will be the rate in respect of such day that is provided
on the following U.S. Government Securities Business Day and (y) in determining the Base Rate for any other day, such as a Saturday, Sunday or holiday, the Base Rate generally will be the rate in respect of the immediately preceding U.S.
Government Securities Business Day that is provided on the following U.S. Government Securities Business Day. 
 The “Spread” is
the number of basis points (one one-hundredth of a percentage point) specified above to be added to the accrued interest compounding factor for a Floating Rate Interest Payment Period. The amount of interest
accrued and payable on the Notes for the Floating Rate Interest Payment Period will be equal to the outstanding principal amount of the Notes multiplied by the product of: (x) the sum of the accrued interest compounding factor plus the Spread
for the relevant Floating Rate Interest Payment Period, multiplied by (y) the quotient obtained by dividing the actual number of calendar days in such Floating Rate Interest Payment Period by 360. 

Notwithstanding the foregoing, in no event will the interest rate payable for any Floating Rate Interest Payment Period be less than zero
percent. 
 On the Floating Rate Interest Payment Date, accrued interest will be paid for the most recently completed Floating Rate Interest
Payment Period. During the Floating Rate Period, interest on the Notes will accrue from and including the most recent Floating Rate Interest Payment Period End-Date to which interest has been paid or duly
provided for, or from and including November 2, 2026 in the case of the first Floating Rate Interest Payment Period. Interest will accrue to but excluding the next Floating Rate Interest Payment Period
End-Date. 
 During the Floating Rate Period, the calculation agent shall notify the paying agent of
each determination of the interest rate applicable to the notes promptly after the determination is made. 
 With respect to any Floating
Rate Interest Payment Period, the accrued interest compounding factor means the rate of return of a daily compound interest investment computed in accordance with the following formula (with the resulting percentage rounded, if necessary, to the
nearest one hundred-thousandth of a percentage point, with 0.000005 being rounded upwards to 0.00001): 

 

 
 Where: 

“d0”, for any Floating Rate Interest Payment Period, is the
number of U.S. Government Securities Business Days in the relevant Floating Rate Interest Payment Period. 

“i” is a series of whole numbers from one to d0, each
representing the relevant U.S. Government Securities Business Days in chronological order from, and including, the first U.S. Government Securities Business Day in the relevant Floating Rate Interest Payment Period. 

“SOFRi”, for any day “i” in the relevant Floating Rate Interest Payment Period, is a
reference rate equal to SOFR in respect of that day. 

“ni” is the number of calendar days in the relevant
Floating Rate Interest Payment Period on which the rate is SOFRi. 

“d” is the number of calendar days in the relevant Floating Rate Interest Payment Period. 

For these calculations, the interest rate in effect on any U.S. Government Securities Business Day will be the applicable rate
as reset on that date, except that the level of SOFR for each calendar day in the period from and including the Rate Cut-Off Date to but excluding the Maturity Date will be the level of SOFR in respect of such
Rate Cut-Off Date. The interest rate applicable to any other day is the interest rate from the immediately preceding U.S. Government Securities Business Day. 

“SOFR” means, with respect to any U.S. Government Securities Business Day: 

 

	 	(1)	 the Secured Overnight Financing Rate in respect of such U.S. Government Securities Business Day as provided by
the New York Federal Reserve, as the administrator of such rate (or a successor administrator) on the New York Federal Reserve’s Website on or about 5:00 p.m. (New York time) on the U.S. Government Securities Business Day immediately following
such U.S. Government Securities Business Day; or 

  

	 	(2)	 if the Secured Overnight Financing Rate in respect of such U.S. Government Securities Business Day does not
appear as specified in paragraph (1), unless both a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the Secured Overnight Financing Rate in respect of the last U.S. Government Securities Business Day for which
such rate was published on the New York Federal Reserve’s Website; or 

	 	(3)	 if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred:

  

	 	•	 	 the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant
Governmental Body as the replacement for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment; or 

 

	 	•	 	 the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; or

  

	 	•	 	 the sum of: (a) the alternate rate of interest that has been selected by the Company or its designee as the
replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar-denominated floating rate notes at
such time and (b) the Benchmark Replacement Adjustment. 

 In connection with the SOFR definition above, the
following definitions apply: 
 “Benchmark” means SOFR with the Index Maturity specified above; provided
that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to SOFR with the Index Maturity specified above or the then-current Benchmark, then “Benchmark” means the applicable Benchmark
Replacement. 
 “Benchmark Replacement” means the first alternative set forth in the order presented in
clause (3) of the definition of “SOFR” that can be determined by the Company or its designee as of the Benchmark Replacement Date. In connection with the implementation of a Benchmark Replacement, the Company or its designee will have
the right to make Benchmark Replacement Conforming Changes from time to time. 
 “Benchmark Replacement
Adjustment” means the first alternative set forth in the order below that can be determined by the Company or its designee as of the Benchmark Replacement Date: 

(1) the Spread adjustment, or method for calculating or determining such Spread adjustment (which may be a positive or negative
value or zero), that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; 

(2) if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback
Adjustment; 
 (3) the Spread adjustment (which may be a positive or negative value or zero) that has been selected by the
Company or its designee giving due consideration to any industry-accepted Spread adjustment, or method for calculating or determining such Spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark
Replacement for U.S. dollar-denominated floating rate notes at such time. 

 “Benchmark Replacement Conforming Changes” means, with
respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Floating Rate Interest Payment Periods,” timing and frequency of determining rates and making payments of
interest and other administrative matters) that the Company or its designee decide may be appropriate to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Company or its designee
decide that adoption of any portion of such market practice is not administratively feasible or if the Company or its designee determine that no market practice for use of the Benchmark Replacement exists, in such other manner as the Company or its
designee determine is reasonably necessary). 
 “Benchmark Replacement Date” means the earliest to occur of
the following events with respect to the then-current Benchmark: 
 (1) in the case of clause (1) or (2) of the
definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the Benchmark permanently or
indefinitely ceases to provide the Benchmark; or 
 (2) in the case of clause (3) of the definition of “Benchmark
Transition Event,” the date of the public statement or publication of information referenced therein. 
 For the
avoidance of doubt, if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to
the Reference Time for such determination. 
 “Benchmark Transition Event” means the occurrence of one or
more of the following events with respect to the then-current Benchmark: 
  

	 	(1)	 a public statement or publication of information by or on behalf of the administrator of the Benchmark
announcing that such administrator has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the
Benchmark; 

  

	 	(2)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark, the central bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution authority with jurisdiction over the administrator for the Benchmark or a court or an
entity with similar insolvency or resolution authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease to provide the Benchmark permanently or indefinitely, provided that, at
the time of such statement or publication, there is no successor administrator that will continue to provide the Benchmark; or 

	 	(3)	 a public statement or publication of information by the regulatory supervisor for the administrator of the
Benchmark announcing that the Benchmark is no longer representative. 

 “Corresponding
Tenor” with respect to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment) as the applicable tenor for the then-current Benchmark. 

“ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives
Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time. 

“ISDA Fallback Adjustment” means the Spread adjustment (which may be a positive or negative value or zero)
that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor. 

“ISDA Fallback Rate” means the rate that would apply for derivatives transactions referencing the ISDA
Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment. 

“New York Federal Reserve” means the Federal Reserve Bank of New York. “New York Federal Reserve’s
Website” means the website of the New York Federal Reserve, currently at http://www.newyorkfed.org, or any successor source. 

“Reference Time” with respect to any determination of the Benchmark means the time determined by the Company
or its designee in accordance with the Benchmark Replacement Conforming Changes. 
 “Relevant Governmental
Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement
Adjustment. 
 If a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, any determination,
decision or election that may be made by the Company or its designee pursuant to this section, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of
an event, circumstance or date and any decision to take or refrain from taking any action or any selection: 

	 	•	 	 will be conclusive and binding absent manifest error; 

 

	 	•	 	 will be made in the Company’s or the Company’s designee’s sole discretion; and

  

	 	•	 	 notwithstanding anything to the contrary in the documentation relating to the Notes, shall become effective
without consent from the Holders of the Notes or any other party. 

 None of the Trustee, the paying agent or the
calculation agent shall be under any obligation (i) to monitor, determine or verify the unavailability or cessation of SOFR or the SOFR index, or whether or when there has occurred, or to give notice to any other transaction party of the
occurrence of, any Benchmark Transition Event or related Benchmark Replacement Date, (ii) to select, determine or designate any Benchmark Replacement, or other successor or replacement benchmark index, or whether any conditions to the
designation of such a rate or index have been satisfied, or (iii) to select, determine or designate any Benchmark Replacement Adjustment, or other modifier to any replacement or successor index, or (iv) to determine whether or what
Benchmark Replacement Conforming Changes are necessary or advisable, if any, in connection with any of the foregoing, including, but not limited to, adjustments as to any alternative spread thereon, the business day convention, interest
determination dates or any other relevant methodology applicable to such substitute or successor benchmark. In connection with the foregoing, each of the Trustee, paying agent and calculation agent shall be entitled to conclusively rely on any
determinations made by the Company or its designee without independent investigation, and none will have any liability for actions taken at the Company’s direction in connection therewith. 

None of the Trustee, the paying agent or the calculation agent shall be liable for any inability, failure or delay on its part to perform any
of its duties set forth in this note as a result of the unavailability of SOFR, the SOFR index or other applicable Benchmark Replacement, including as a result of any failure, inability, delay, error or inaccuracy on the part of any other
transaction party in providing any direction, instruction, notice or information required or contemplated by the terms of this note and reasonably required for the performance of such duties. None of the Trustee, paying agent or calculation agent
shall be responsible or liable for the Company’s actions or omissions or for those of its designee, or for any failure or delay in the performance by the Company or its designee, nor shall any of the Trustee, paying agent or calculation agent
be under any obligation to oversee or monitor the Company’s performance or that of its designee. 
 The Company will pay interest in
such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. The Company will make payments in respect of Notes in global form (including principal and interest)
to the Holder thereof or a nominee of the Holder, by wire transfer of immediately available funds as of the close of business on the date such payments are due. 

 The term “Business Day” means any day that is not a Saturday or Sunday and
that is not a day on which banks in New York, New York, Chicago, Illinois or McLean, Virginia are generally authorized or required by law or executive order to be closed. 

If the Company defaults in the payment of interest due on any Interest Payment Date after taking into account any applicable grace period,
such defaulted interest shall be paid as set forth in the Senior Indenture. 
 The Notes are not entitled to any sinking fund. 

The Notes are subject to defeasance pursuant to Section 402 of the Senior Indenture. 

The Notes are not convertible into common stock of the Company. 

The Company may redeem the Notes (the date of such redemption, the “Redemption Date”) at its option on November 2, 2026 (which
is the date that is one year prior to the Stated Maturity), in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to the Redemption Date upon not
less than 10 nor more than 60 days’ prior notice given to the holders of the Notes to be redeemed. 
 If money sufficient to pay the
redemption price of and accrued interest on the Notes to be redeemed on the Redemption Date is deposited with the Trustee on or before the Redemption Date and certain other conditions are satisfied, then on and after the Redemption Date, interest
will cease to accrue on such Notes called for redemption and such Notes will cease to be outstanding. If the Redemption Date is not a business day, the Company will pay the redemption price on the next business day without any interest or other
payment due to the delay. 
 In case an Event of Default shall have occurred and is continuing with respect to the Notes, the principal
hereof may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Senior Indenture. The Senior Indenture provides that in certain circumstances such
declaration and its consequences may be waived by the Holders of not less than a majority in aggregate principal amount of the Notes then Outstanding. However, any such consent or waiver by the Holder shall not affect any subsequent default or
impair any right consequent thereon. 
 The Senior Indenture permits the Company and the Trustee, without the consent of the Holders of the
Notes for certain situations and with the consent of not less than two-thirds of the Holders in aggregate principal amount of the Outstanding Notes of each series affected by such supplemental indenture in
other situations, to execute supplemental indentures adding to, modifying, or changing various provisions of, the Senior Indenture; provided that no such supplemental indenture, without the consent of the Holder of each Outstanding Note affected
thereby, shall (i) change the Stated Maturity of the principal of or any installment of interest on the Notes; (ii) reduce the principal amount thereof or the rate of interest thereon, or adversely affect the right of repayment of any
Holder; (iii) change the Place of Payment or Currency in which the principal of or interest on the Notes is payable, or impair the right to institute suit for the enforcement of any payment on or after the Stated Maturity thereof;
(iv) reduce the percentage in principal amount of the Outstanding Notes, the consent of whose Holders is 

 
required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of the Senior Indenture or certain defaults
thereunder and their consequences) provided for in the Senior Indenture, or reduce the requirements of Section 1504 for quorum or voting; or (v) modify any of the provisions of Sections 902, 513 or 1008 of the Senior Indenture, except to
increase any such percentage or provide that certain other provisions of the Senior Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Note affected thereby. 

The Company may omit in any particular instance to comply with any term, provision or condition set forth in Section 1005, 1006 or 1007
of the Senior Indenture, if before the time it would have to comply, the Holders of at least a majority in principal amount of the Outstanding Notes, by act of such Holders, either shall waive such compliance in such instance or generally shall have
waived compliance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the
Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full force and effect. 
 No
reference herein to the Senior Indenture and no provision of this Security or of the Senior Indenture shall alter or impair the obligations of the Company, which are absolute and unconditional, to pay the principal of or interest on this Security at
the respective times and at the rate herein prescribed. 
 The Notes are issuable in registered form without coupons in minimum
denominations of $2,000 and in integral multiples of $1,000 in excess thereof. A Holder may exchange the Notes for a like aggregate principal amount of Notes of other authorized denominations in the manner and subject to the limitations provided in
the Senior Indenture. 
 Upon due presentment for registration of transfer of the Notes at the office or agency for said purpose of the
Company, a new Note or Notes of authorized denominations, for a like aggregate principal amount, will be issued to the transferee as provided in the Senior Indenture. No service charge shall be made for any such transfer, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto. 
 Prior to due
presentation of this Security for registration of transfer, the Company, the Trustee, and any agent of the Company or the Trustee, may deem and treat the Holder hereof as the owner of this Security (whether or not any payment with respect to this
Security shall be overdue), for the purpose of receiving payment of principal of and (subject to the provisions of the Senior Indenture) interest hereon and for all other purposes whatsoever, whether or not any payment with respect to this Security
shall be overdue, and neither the Company, nor the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

No recourse shall be had for the payment of the principal of or interest on this Security, for any claim based hereon, or otherwise in respect
hereof, or based on or in respect of the Senior Indenture or any indenture supplemental thereto, or because of the creation of any indebtedness represented thereby, against any incorporator, shareholder, officer or director, as such, past,

 
present or future, of the Company or of any successor corporation, either directly or through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of
law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released. 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

All terms used in this Security (and not otherwise defined in this Security) that are defined in the Senior Indenture shall have the meanings
assigned to them in the Senior Indenture.

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