Document:

Exhibit 4.7 Supplemental Indenture No 23

Exhibit 4.7
TWENTY-THIRD SUPPLEMENTAL INDENTURE
dated as of November 11, 2014
among
KENNEDY-WILSON, INC.,
KW CYPRESS, LLC, 
KW TACOMA CONDOS, LLC
KW DESERT RAMROD SPONSOR, LLC
and
WILMINGTON TRUST, NATIONAL ASSOCIATION 
as Trustee
_________________________
8.750% Senior Notes due 2019

THIS TWENTY-THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into as of November 11, 2014, among Kennedy-Wilson, Inc., a Delaware corporation (the “Company”), the Subsidiary Guarantors party hereto (each, a “New Guarantor” and, collectively, the “New Guarantors”) and Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB), as trustee (the “Trustee”).
RECITALS
WHEREAS, the Company, the Guarantors party thereto and Wilmington Trust FSB entered into the Indenture, dated as of April 5, 2011 (the “Base Indenture,” and the Base Indenture, as supplemented or amended before the date hereof, the “Indenture”), relating to the Company’s 8.750% Senior Notes due 2019 (the “Notes”);
WHEREAS, the Trustee succeeded Wilmington Trust FSB, as trustee under the Indenture as of July 1, 2011, pursuant to the provisions of Section 7.09 of the Base Indenture; and
WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed pursuant to the Indenture to cause any newly acquired or created domestic Restricted Subsidiaries, other than Non-Material Subsidiaries and other than any Restricted Subsidiary prohibited from providing a Guarantee by any agreement governing Non-Recourse Indebtedness (or the terms of the relevant partnership agreement, limited liability company operating agreement or other governing document of the entity that is the borrower under any Non-Recourse Indebtedness), any joint venture agreement or the terms of any Co-investment Vehicle or any separate account or investment program managed, operated or sponsored by an Investment Subsidiary, to provide Guaranties.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and mutual covenants hereof and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows:
Section 1.Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture.
Section 2.    Each New Guarantor, by its execution of this Supplemental Indenture, agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof.
Section 3.    This Supplemental Indenture and the Guarantees of the New Guarantors, including any claim or controversy arising out of or relating to this Supplemental Indenture or such Guarantees, shall be governed by and construed in accordance with the laws of the State of New York (without regard to the conflicts of laws provisions thereof other than Sections 5-1401 and 5-1402 of the General Obligations Law).
Section 4.    This Supplemental Indenture may be signed in various counterparts that together will constitute one and the same instrument.
Section 5.    This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture will henceforth be read together.
[Remainder of Page Intentionally Left Blank; Signature Page Follows]

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above written.
KENNEDY-WILSON, INC., as Company
		
	By:
	/s/ In Ku Lee     
  Name: In Ku Lee 
  Title:   Vice President

KW CYPRESS, LLC

		
	By:
	/s/ In Ku Lee         
  Name: In Ku Lee 
  Title:   Vice President

KW TACOMA CONDOS, LLC

		
	By:
	/s/ In Ku Lee         
  Name: In Ku Lee 
  Title:   Vice President

KW DESERT RAMROD SPONSOR, LLC

		
	By:
	/s/ In Ku Lee         
  Name: In Ku Lee 
  Title:   Vice President

WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:
	/s/ Jane Schweiger     
  Name: Jane Schweiger 
  Title:  Vice PresidentEX-4.1

 Exhibit 4.1 
  

 
  

FIFTH SUPPLEMENTAL INDENTURE 

BETWEEN 
 CHEVRON
CORPORATION, As Issuer 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, As Trustee 

Dated as of November 18, 2014 
  

 
  

 TABLE OF CONTENTS 

 

							
	 ARTICLE ONE DEFINITIONS
	  	 	2	  
			
	 Section 1.01
	 	 Definitions
	  	 	2	  
	 Section 1.02
	 	 Other Definitions
	  	 	6	  
		
	 ARTICLE TWO TERMS OF THE NOTES
	  	 	6	  
			
	 Section 2.01
	 	 Each of the 2016 Floating Rate Notes, the 2017 Fixed Rate Notes, the 2017 Floating Rate Notes, the 2019 Fixed Rate Notes, the 2019 Floating Rate Notes
and the 2021 Floating Rate Notes Constitutes a Series of Securities
	  	 	6	  
	 Section 2.02
	 	 Terms and Provisions of the Notes
	  	 	7	  
		
	 ARTICLE THREE MISCELLANEOUS PROVISIONS
	  	 	8	  
			
	 Section 3.01
	 	 Provisions of the Original Indenture
	  	 	8	  
	 Section 3.02
	 	 Separability of Invalid Provisions
	  	 	8	  
	 Section 3.03
	 	 Execution in Counterparts
	  	 	9	  
	 Section 3.04
	 	 Trustee’s Disclaimer
	  	 	9	  
	 Section 3.05
	 	 Effectiveness
	  	 	9	  

 Signatures 
 Exhibit A –
Form of 2016 Floating Rate Note 
 Exhibit B – Form of 2017 Fixed Rate Note 

Exhibit C – Form of 2017 Floating Rate Note 
 Exhibit D
– Form of 2019 Fixed Rate Note 
 Exhibit E – Form of 2019 Floating Rate Note 

Exhibit F – Form of 2021 Floating Rate Note 

 FIFTH SUPPLEMENTAL INDENTURE 

THIS FIFTH SUPPLEMENTAL INDENTURE, dated as of November 18, 2014, between CHEVRON CORPORATION, a Delaware corporation, as
Issuer (“Chevron”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (as successor to The Bank of New York, as successor to JPMorgan Chase Bank, as successor to The Chase Manhattan Bank, as successor to Chemical Bank) a national banking
association, as Trustee (the “Trustee”). 
 W I T N E S S E T H: 

WHEREAS, Chevron and the Trustee have entered into that certain Indenture dated as of June 15, 1995 (the “Original
Indenture”), that certain First Supplemental Indenture dated as of October 13, 1999, that certain Second Supplemental Indenture dated as of March 3, 2009, that certain Third Supplemental Indenture dated as of December 5, 2012 and
that certain Fourth Supplemental Indenture dated as of June 24, 2013; 
 WHEREAS, pursuant to the provisions of
Sections 2.01 and 10.01 of the Original Indenture, Chevron wishes to enter into this Fifth Supplemental Indenture to establish the terms and provisions of six Series of Securities (as defined in the Original Indenture); 

WHEREAS, this Fifth Supplemental Indenture will not result in a material modification of the Notes for purposes of the Foreign Account
Tax Compliance Act; and 
 WHEREAS, in compliance with the requirements of the Original Indenture, Chevron has duly authorized the
execution and delivery of this Fifth Supplemental Indenture, and all things necessary have been done to make this Fifth Supplemental Indenture a valid agreement of Chevron in accordance with its terms: 

NOW, THEREFORE, THIS FIFTH SUPPLEMENTAL INDENTURE WITNESSETH: 

That in consideration of the premises, Chevron covenants and agrees with the Trustee, for the equal and proportionate benefit of the respective
holders from time to time of the Securities, as follows: 

  
 1 

 ARTICLE ONE 

DEFINITIONS 

Section 1.01 Definitions. The terms defined in this Section 1.01 shall, for all purposes of the Original Indenture, the
First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture and this Fifth Supplemental Indenture have the meanings herein specified, unless the context clearly otherwise
requires. For convenience, the definitions of certain terms which are defined in the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture and the Fourth Supplemental Indenture are repeated herein. 

 

	 	(a)	2016 Floating Rate Notes 

 The term “2016 Floating Rate Notes” shall mean the
$700,000,000 in aggregate principal amount Floating Rate Notes Due 2016. 
  

	 	(b)	2016 Notes 

 The term “2016 Notes” shall mean the 2016 Floating Rate Notes. 

 

	 	(c)	2017 Fixed Rate Notes 

 The term “2017 Fixed Rate Notes” shall mean the $1,100,000,000
in aggregate principal amount 1.345% Notes Due 2017. 
  

	 	(d)	2017 Floating Rate Notes 

 The term “2017 Floating Rate Notes” shall mean the
$650,000,000 in aggregate principal amount Floating Rate Notes Due 2017. 
  

	 	(e)	2017 Notes 

 The term “2017 Notes” shall mean the 2017 Fixed Rate Notes and the 2017
Floating Rate Notes. 
  

	 	(f)	2019 Fixed Rate Notes 

 The term “2019 Fixed Rate Notes” shall mean the $750,000,000
in aggregate principal amount 2.193% Notes Due 2019. 
  

	 	(g)	2019 Floating Rate Notes 

 The term “2019 Floating Rate Notes” shall mean the
$400,000,000 in aggregate principal amount Floating Rate Notes Due 2019. 
  

	 	(h)	2019 Notes 

 The term “2019 Notes” shall mean the 2019 Fixed Rate Notes and the 2019
Floating Rate Notes. 
  

	 	(i)	2021 Floating Rate Notes 

 The term “2021 Floating Rate Notes” shall mean the
$400,000,000 in aggregate principal amount Floating Rate Notes Due 2021. 

  
 2 

	 	(j)	2021 Notes 

 The term “2021 Notes” shall mean the 2021 Floating Rate Notes. 

 

	 	(k)	Adjusted Treasury Rate 

 The term “Adjusted Treasury Rate” shall mean (1) the
arithmetic mean of the yields under the heading “Week Ending” published in the Statistical Release most recently published prior to the date of determination under the caption “Treasury Constant Maturities” for the maturity
(rounded to the nearest month) corresponding to the remaining term, as of the Redemption Date, of the Notes being redeemed plus (2) 0.10% for the 2017 Fixed Rate Notes and 0.10% for the 2019 Fixed Rate Notes. If no maturity set forth under such
heading exactly corresponds to the remaining term of a series of Notes being redeemed, yields for the two published maturities most closely corresponding to the remaining term of the series of Notes being redeemed will be calculated as described in
the preceding sentence, and the Adjusted Treasury Rate will be interpolated or extrapolated from such yields on a straight-line basis, rounding each of the relevant periods to the nearest month. The Adjusted Treasury Rate is to be determined on the
third Business Day preceding the applicable Redemption Date. 
  

	 	(l)	Blanket Issuer Letter of Representations 

 The term “Blanket Issuer Letter of
Representations” shall mean the Blanket Issuer Letter of Representations, dated February 25, 2009, executed by and between Chevron and The Depository Trust Company. 
  

	 	(m)	Calculation Agent 

 The term “Calculation Agent” shall mean Wells Fargo Bank, National
Association, until a successor replaces it pursuant to the applicable provisions of the Indenture and, thereafter, shall mean such successor. 
  

	 	(n)	Fifth Supplemental Indenture 

 The term “Fifth Supplemental Indenture” shall mean this
Fifth Supplemental Indenture, dated as of November 18, 2014, between Chevron and the Trustee, as such is originally executed, or as it may from time to time be supplemented, modified or amended, as provided herein and in the Indenture. 

 

	 	(o)	First Supplemental Indenture 

 The term “First Supplemental Indenture” shall mean the
First Supplemental Indenture, dated as of October 13, 1999, between Chevron and the Trustee. 
  

	 	(p)	Fixed Rate Notes 

 The term “Fixed Rate Notes” shall mean the 2017 Fixed Rate Notes
and the 2019 Fixed Rate Notes. 
  

	 	(q)	Floating Rate Notes 

 The term “Floating Rate Notes” shall mean the 2016 Floating Rate
Notes, the 2017 Floating Rate Notes, the 2019 Floating Rate Notes and the 2021 Floating Rate Notes. 

  
 3 

	 	(r)	Fourth Supplemental Indenture 

 The term “Fourth Supplemental Indenture” shall mean
the Fourth Supplemental Indenture, dated as of June 24, 2013, between Chevron and the Trustee. 
  

	 	(s)	Indenture 

 The term “Indenture” shall mean the Indenture, dated as of June 15,
1995, between Chevron and the Trustee, as supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture and this Fifth Supplemental Indenture, and as it may
from time to time hereafter be further supplemented, modified or amended, as provided in the Indenture. 
  

	 	(t)	Interest Determination Date 

 The term “Interest Determination Date” for the Floating
Rate Notes shall mean, with respect to the initial Interest Period, November 14, 2014, and for each subsequent Interest Period, the second London Business Day preceding the first day of such Interest Period. 

 

	 	(u)	Interest Payment Dates 

 The term “Interest Payment Dates” shall mean, with respect to
each series of Fixed Rate Notes, each May 15 and November 15, commencing May 15, 2015, with respect to the 2016 Floating Rate Notes, each February 9, May 9, August 9 and November 9, commencing
February 9, 2015, and with respect to 2017 Floating Rate Notes, the 2019 Floating Rate Notes and the 2021 Floating Rate Notes, each February 15, May 15, August 15 and November 15, commencing February 17, 2015.
If any Interest Payment Date for a series of Floating Rate Notes falls on a date that is not a Business Day, the applicable interest payment will be made on the next Business Day, except that if that Business Day is in the immediately succeeding
calendar month, the interest payment will be made on the next preceding Business Day, in each case with interest accruing to the applicable Interest Payment Date as so adjusted. 

 

	 	(v)	Interest Period 

 The term “Interest Period” shall mean for each series of Floating
Rate Notes the period commencing on the applicable Interest Payment Date (or, in the case of the initial Interest Period, commencing on November 18, 2014) and ending on the day preceding the next Interest Payment Date. The initial Interest
Period for the 2016 Floating Rate Notes is November 18, 2014 through February 8, 2015 and the initial Interest Period for the 2017 Floating Rate Notes, the 2019 Floating Rate Notes and the 2021 Floating Rate Notes is November 18, 2014
through February 16, 2015. 
  

	 	(w)	Interest Reset Date 

 The term “Interest Reset Date” shall mean for each series of
Floating Rate Notes, the first day of each Interest Period other than the initial Interest Period. 
  

	 	(x)	LIBOR 

 “LIBOR” will be determined by the Calculation Agent in accordance with the
following provisions: 

  
 4 

	 	(i)	With respect to any Interest Determination Date, LIBOR will be the rate for deposits in United States dollars having a maturity of three months commencing on the first day of the applicable Interest Period that appears
on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in respect of that Interest Determination Date, will be determined in accordance with the provisions described in
(ii) below. 

  

	 	(ii)	With respect to an Interest Determination Date on which no rate appears on Reuters Screen LIBOR01 Page, as specified in (i) above, the Calculation Agent will request the principal London offices of each of four
major reference banks in the London interbank market, as selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the first day
of the applicable Interest Period, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in United States
dollars in that market at that time. If at least two quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two quotations are provided, then LIBOR on the Interest
Determination Date will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in the City of New York, on the Interest Determination Date by three major banks in the City of New York selected by the Calculation Agent for loans in
United States dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time; provided that if the banks selected by the
Calculation Agent are not providing quotations in the manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding Interest Reset Date or if there is no immediately preceding Interest Reset Date,
LIBOR will be the same as the rate determined for the initial Interest Period. With respect to each Determination Date on which the Calculation Agent calculates LIBOR using quotations from reference banks, upon the receipt of such quotations the
Calculation Agent shall notify Chevron of the identity of each such reference bank and the quotation provided by each such reference bank. 

  

	 	(y)	London Business Day 

 The term “London Business Day” shall mean any day on which
dealings in United States dollars are transacted on the London interbank market. 
  

	 	(z)	Notes 

 The term “Notes” shall mean the 2016 Floating Rate Notes, the 2017 Fixed Rate
Notes, the 2017 Floating Rate Notes, the 2019 Fixed Rate Notes, the 2019 Floating Rate Notes and the 2021 Floating Rate Notes. 
  

	 	(aa)	Original Indenture 

 The term “Original Indenture” shall mean the Indenture dated as
of June 15, 1995, between Chevron and the Trustee, as such Indenture was originally executed. 

  
 5 

	 	(bb)	Reuters Screen LIBOR01 Page 

 The term “Reuters Screen LIBOR01 Page” shall mean the
display designated on page “LIBOR01” on Reuters (or such other page as may replace the LIBOR01 page on that service or any successor service for the purpose of displaying London interbank offered rates for U.S. dollar deposits of major
banks). 
  

	 	(cc)	Second Supplemental Indenture 

 The term “Second Supplemental Indenture” shall mean
the Second Supplemental Indenture, dated as of March 3, 2009, between Chevron and the Trustee. 
  

	 	(dd)	Statistical Release 

 The term “Statistical Release” shall mean the statistical
release designation “H.15(519)” or any successor publication which is published weekly by the Federal Reserve System and which establishes yields on actively-traded United States government securities adjusted to constant maturities, or,
if such statistical release is not published at the time of any determination under the terms of the Notes, then such other reasonably comparable index as Chevron shall designate. 

 

	 	(ee)	Third Supplemental Indenture 

 The term “Third Supplemental Indenture” shall mean the
Third Supplemental Indenture, dated as of December 5, 2012, between Chevron and the Trustee. 
  

	 	(ff)	Trustee 

 The term “Trustee” shall mean Wells Fargo Bank, National Association, until
a successor replaces it pursuant to the applicable provisions of the Indenture and, thereafter, shall mean such successor. 

Section 1.02 Other Definitions. All of the terms appearing herein shall be defined as the same are now defined under the
provisions of the Original Indenture, except when expressly herein or otherwise defined. 
 ARTICLE TWO 

TERMS OF THE NOTES 

Section 2.01 Each of the 2016 Floating Rate Notes, the 2017 Fixed Rate Notes, the 2017 Floating Rate Notes, the 2019 Fixed Rate Notes,
the 2019 Floating Rate Notes and the 2021 Floating Rate Notes Constitutes a Series of Securities. Each of the 2016 Floating Rate Notes, the 2017 Fixed Rate Notes, the 2017 Floating Rate Notes, the 2019 Fixed Rate Notes, the 2019 Floating Rate
Notes and the 2021 Floating Rate Notes are hereby authorized to be issued under the Indenture as a Series of Securities. The 2016 Floating Rate Notes shall be in the aggregate principal amount of U.S.$700,000,000. The 2017 Fixed Rate Notes shall be
in the aggregate principal amount of U.S.$1,100,000,000. The 2017 Floating Rate Notes shall be in the aggregate principal amount of U.S.$650,000,000. The 2019 Fixed Rate Notes shall be in the aggregate principal amount of U.S.$750,000,000. The 2019
Floating Rate Notes shall be in the aggregate principal amount of U.S.$400,000,000. The 2021 Floating Rate Notes shall be in the aggregate principal amount of U.S.$400,000,000. 

  
 6 

 Section 2.02 Terms and Provisions of the Notes. The Notes shall be subject to the
terms and provisions hereinafter set forth: 
  

	 	(a)	The 2016 Floating Rate Notes shall be designated as the Floating Rate Notes Due 2016. The 2017 Fixed Rate Notes shall be designated as the 1.345% Notes Due 2017. The 2017 Floating Rate Notes shall be designated as the
Floating Rate Notes Due 2017. The 2019 Fixed Rate Notes shall be designated as the 2.193% Notes Due 2019. The 2019 Floating Rate Notes shall be designated as the Floating Rate Notes Due 2019. The 2021 Floating Rate Notes shall be designated as the
Floating Rate Notes Due 2021. 

  

	 	(b)	The Notes shall bear interest on the unpaid principal amount thereof from November 18, 2014. 

  

	 	(c)	The 2016 Notes shall mature on November 9, 2016. The 2017 Notes shall mature on November 15, 2017. The 2019 Notes shall mature on November 15, 2019. The 2021 Notes shall mature on November 15, 2021.

  

	 	(d)	The 2017 Fixed Rate Notes shall bear interest at the rate of 1.345% per annum, payable on May 15, 2015 and on each November 15 and May 15 thereafter. The 2019 Fixed Rate Notes shall bear interest at
the rate of 2.193% per annum, payable on May 15, 2015 and on each November 15 and May 15 thereafter. 

  

	 	(e)	The Floating Rate Notes shall bear interest at a variable rate from November 18, 2014. The interest rate for the Floating Rate Notes for a particular Interest Period will be a per annum rate equal to LIBOR as
determined on the applicable Interest Determination Date as determined by the Calculation Agent, plus 0.10% with respect to the 2016 Floating Rate Notes, 0.17% with respect to the 2017 Floating Rate Notes, 0.41% with respect to the 2019 Floating
Rate Notes and 0.53% with respect to the 2021 Floating Rate Notes. The interest rate on the Floating Rate Notes for each Interest Period shall be reset (or in the case of the initial Interest Period, set) on each Interest Reset Date.

  

	 	(f)	Each of the 2016 Notes, the 2017 Notes, the 2019 Notes and the 2021 Notes shall be issued initially as one or more Global Securities (the “Global Notes”) in registered form registered in the name of The
Depository Trust Company or its nominee in such denominations as are required by the Blanket Issuer Letter of Representations and otherwise as in substantially the form set forth in Exhibit A, Exhibit B, Exhibit C, Exhibit D, Exhibit E and Exhibit F
to this Fifth Supplemental Indenture with such minor changes thereto as may be required in the process of printing or otherwise producing the Global Notes but not affecting the substance thereof. 

 

	 	(g)	The Depositary for the Notes shall be The Depository Trust Company. 

  

	 	(h)	The Global Notes shall be exchangeable for definitive Notes in registered form substantially the same as the Global Notes in denominations of $2,000 and integral multiples of $1,000 in excess thereof upon the terms and
in accordance with the provisions of the Indenture. Interest on the 2016, 2017, 2019 and 2021 Floating Rate Notes will be calculated on the basis of the actual number of days in each quarterly interest period and a 360-day year. The Fixed Rate Notes
will be computed on the basis of a 360-day year of twelve 30-day months. 

  

	 	(i)	The Notes shall be payable (as to both principal and interest) when and as the same become due at the office of the Trustee; provided that as long as the Notes are in the form of one or more Global Notes,
payments of interest may be made by wire transfer in accordance with the provisions of the Indenture and such Global Notes; and provided further that upon any exchange of the Global Notes for Notes in definitive form, Chevron elects to
exercise its option to have interest payable by check mailed to the registered owners at such owners’ addresses as they appear on the Register, as kept by the Trustee, on each relevant Record Date. 

  
 7 

	 	(j)	The Trustee shall be registrar for the Notes and the Register of the Notes shall be kept at the principal office of the Trustee. 

  

	 	(k)	The Record Date for the Notes shall be the fifteenth day preceding the relevant Interest Payment Date. 

  

	 	(l)	The 2017 Fixed Rate Notes shall be subject to redemption, at the option of Chevron, in whole or in part, at any time at a Redemption Price equal to the greater of (a) 100% of the principal amount of the 2017 Fixed
Rate Notes being redeemed and (b) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including the portion of any such payments of interest accrued as of the Redemption Date), discounted to
the Redemption Date on a semiannual basis, calculated assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate, plus interest accrued on the 2017 Fixed Rate Notes being redeemed to the Redemption Date.

  

	 	(m)	Prior to October 15, 2019, the 2019 Fixed Rate Notes shall be subject to redemption, at the option of Chevron, in whole or in part, at any time at a Redemption Price equal to the greater of (a) 100% of the
principal amount of the 2019 Fixed Rate Notes being redeemed and (b) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including the portion of any such payments of interest accrued as of
the Redemption Date), discounted to the Redemption Date on a semiannual basis, calculated assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate, plus interest accrued on the 2019 Fixed Rate Notes being redeemed to
the Redemption Date. On or after October 15, 2019, the 2019 Notes shall be subject to redemption, at the option of Chevron, in whole or in part, at any time at a Redemption Price equal to 100% of the principal amount of the 2019 Fixed Rate
Notes being redeemed plus interest accrued on the 2019 Fixed Rate Notes being redeemed to the Redemption Date. 

  

	 	(o)	The Floating Rate Notes shall not be redeemable prior to maturity. 

 ARTICLE THREE 

MISCELLANEOUS PROVISIONS 

Section 3.01 Provisions of the Original Indenture. Except insofar as herein otherwise expressly provided, all of the definitions,
provisions, terms and conditions of the Original Indenture, the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture and the Fourth Supplemental Indenture shall be deemed to be incorporated in and made a
part of this Fifth Supplemental Indenture; and the Original Indenture, as amended and supplemented by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture and this
Fifth Supplemental Indenture, is in all respects ratified and confirmed, and the Original Indenture, the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture and this
Fifth Supplemental Indenture shall be read, taken and considered as one and the same instrument. 
 Section 3.02 Separability of
Invalid Provisions. In case any one or more of the provisions contained in this Fifth Supplemental Indenture shall be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other
provisions contained in this Fifth Supplemental Indenture, and to the extent and only to the extent that any such provision is invalid, illegal or unenforceable, this Fifth Supplemental Indenture shall be construed as if such provision had never
been contained herein. 

  
 8 

 Section 3.03 Execution in Counterparts. This Fifth Supplemental Indenture may be
simultaneously executed and delivered in any number of counterparts, each of which when so executed and delivered shall be deemed to be an original. The exchange of copies of this Fifth Supplemental Indenture and of signature pages by facsimile
or PDF transmission shall constitute effective execution and delivery of this Fifth Supplemental Indenture as to the parties hereto and may be used in lieu of the original Fifth Supplemental Indenture and signature pages for all purposes. 

Section 3.04 Trustee’s Disclaimer. The Trustee accepts the amendments of the Indenture effected by this Fifth Supplemental
Indenture, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee. Without limiting the generality of the foregoing, the Trustee shall
not be responsible in any manner whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by Chevron, or for or with respect to (i) the validity or sufficiency of
this Fifth Supplemental Indenture or any of the terms or provisions hereof, (ii) the proper authorization hereof by Chevron by action or otherwise, (iii) the due execution hereof by Chevron or (iv) the consequences of any amendment
herein provided for, and the Trustee makes no representation with respect to any such matters. 
 Section 3.05 Effectiveness.
The obligations of the parties hereto shall become effective as of the date of this Fifth Supplemental Indenture. 
 [remainder of this page
intentionally left blank] 

  
 9 

 IN WITNESS WHEREOF, CHEVRON CORPORATION and WELLS FARGO BANK, NATIONAL
ASSOCIATION have each caused this Fifth Supplemental Indenture to be duly executed, all as of the day and year first written above. 
  

			
	CHEVRON CORPORATION
		
	By:	 	/s/ James E. Lawrence
	Name:	 	James E. Lawrence
	Title:	 	Assistant Treasurer
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	/s/ Maddy Hall
	Name:	 	Maddy Hall
	Title:	 	Vice President

 [Signature Page to Fifth Supplemental Indenture] 

 Exhibit A 
  

			
	$500,000,000	  	CUSIP: 166764 AJ9
	N-1	  	ISIN: US166764AJ95

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2016 
 Unless
this Note is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to Chevron Corporation or its agent for registration of transfer, exchange or payment and any Note issued is registered
in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

CHEVRON CORPORATION (herein referred to as “Chevron”), a corporation duly organized and existing under the laws of the State of
Delaware, for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Five Hundred Million Dollars ($500,000,000) on November 9, 2016 in lawful money of the United States of America. 

The 2016 Floating Rate Notes shall bear interest at a variable rate from November 18, 2014, payable on each
February 9, May 9, August 9 and November 9, commencing February 9, 2015 (each an “Interest Payment Date”). If any Interest Payment Date for the 2016 Floating Rate Notes falls on a date that is not a
Business Day, the applicable interest payment will be made on the next Business Day, except that if that Business Day is in the immediately succeeding calendar month, the interest payment will be made on the next preceding Business Day, in each case
with interest accruing to the applicable Interest Payment Date as so adjusted. The interest rate for the 2016 Floating Rate Notes for a particular Interest Period (as defined below) will be a per annum rate equal to LIBOR (as defined below) as
determined on the applicable Interest Determination Date (as defined below) by the calculation agent appointed by the Company, which initially will be the Trustee (the “Calculation Agent”), plus 0.10%. The interest rate on the 2016
Floating Rate Notes shall be reset on the first day of each Interest Period other than the initial Interest Period (each an “Interest Reset Date”). An interest period is the period commencing on an Interest Payment Date (or, in the case of
the initial Interest Period, commencing on November 18, 2014) and ending on the day preceding the next Interest Payment Date (each an “Interest Period”). The initial Interest Period is November 18, 2014 through February 8,
2015. The interest determination date for an Interest Period will be the second London Business Day preceding the first day of such Interest Period (the “Interest Determination Date”). The Interest Determination Date for the initial
interest period will be November 14, 2014. Interest on the 2016 Floating Rate Notes will be calculated on the basis of the actual number of days in each quarterly interest period and a 360-day year. 

“LIBOR” will be determined by the Calculation Agent in accordance with the following provisions: 

(i) with respect to any Interest Determination Date, LIBOR will be the rate for deposits in United States dollars having a maturity of three
months commencing on the first day of the applicable Interest Period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in respect of that Interest
Determination Date, will be determined in accordance with the provisions described in (ii) below. 
 (ii) with respect to an Interest
Determination Date on which no rate appears on Reuters Screen LIBOR01 Page, as specified in (i) above, the Calculation Agent will request the principal London offices of each of four major reference banks in the London interbank market, as
selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the first day of the applicable Interest Period, to prime banks in the
London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in United States dollars in that market at that time. If at least two
quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the
rates quoted at approximately 11:00 a.m., in the City of New York, on the Interest Determination Date by three major banks in the City of New York selected by the Calculation Agent for loans in United States dollars to leading European banks, having
a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time; provided that if the banks selected by the Calculation Agent are not providing quotations in the
manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding interest reset date or if there is no immediately preceding interest reset date, LIBOR will be the same as the rate determined for the
initial Interest Period. 
 “London Business Day” means any day on which dealings in United States dollars are transacted on the
London interbank market. 

  
 A-1 

 “Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01”
on Reuters (or such other page as may replace the LIBOR01 page on that service or any successor service for the purpose of displaying London interbank offered rates for U.S. dollar deposits of major banks). 

All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred thousandth of a
percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all dollar amounts used in or resulting from such calculations will be rounded to
the nearest cent (with one-half cent being rounded upwards). 
 The interest rate on the 2016 Floating Rate Notes will in no event be higher
than the maximum rate permitted by New York law as the same may be modified by United States laws of general application. 
 The Calculation
Agent will, upon the request of any holder of the 2016 Floating Rate Notes, provide the interest rate then in effect with respect to the 2016 Floating Rate Notes and, if it has been determined, the interest rate to be in effect for the next Interest
Period. The Calculation Agent shall calculate the interest rate in accordance with the foregoing and shall notify the Trustee or paying agent of such interest rate. All calculations of the Calculation Agent, in the absence of manifest error, shall
be conclusive for all purposes and binding on Chevron and holders of the 2016 Floating Rate Notes and neither the Trustee nor any paying agent shall have the duty to verify determinations of interest rates made by the Calculation Agent. 

The principal hereof is payable upon presentation and surrender of this Note at the principal office of Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee”). Interest on this Note may be payable by check or draft mailed to the person in whose name this Note is registered at the close of business on the Record Date for such interest payment
at such person’s address as it appears on the registration books of the Trustee. The Record Date for the Notes is the date which is 15 days prior to the relevant Interest Payment Date. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be entitled to any benefit under the Indenture (hereinafter
defined), or become valid or obligatory for any purpose, until the Certificate of Authentication hereon endorsed shall have been executed by manual signature by the Trustee. 

IN WITNESS WHEREOF, CHEVRON CORPORATION has caused this Note to be signed by its Assistant Treasurer manually or in facsimile and its
corporate seal to be imprinted hereon and attested by the manual or facsimile signature of its Secretary or an Assistant Secretary. 
 Dated:
November 18, 2014 
  

			
	CHEVRON CORPORATION
		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  

					
	Attest:	  	 	  	
		  	Assistant Secretary	  	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities, of the Series designated 
 herein,
described in the within-mentioned Indenture. 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee 

 

			
	By:	 	 
		 	Authorized Signatory

  
 A-2 

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2016 
 This
Note is one of a duly authorized issue of securities of Chevron, not limited in aggregate principal amount, all issued or to be issued in one or more series of varying dates, numbers, interest rates and other provisions, under an Indenture dated as
of June 15, 1995, as amended by the Fifth Supplemental Indenture dated as of November 18, 2014 (such indenture as so amended being herein referred to as the “Indenture”) each being between Chevron and the Trustee. This Note is
one of a series of Notes designated as its “Floating Rate Notes Due 2016” aggregating $700,000,000 in principal amount (herein called the “Notes”). 

Reference is hereby made to the Indenture and all indentures supplemental thereto for a description of the rights, obligations, duties and
immunities thereunder of Chevron, the Trustee and the holders of the Notes, to all of the provisions of which Indenture the registered owner of this Note, by acceptance hereof, assents and agrees. The Indenture contains provisions permitting Chevron
and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities (which term is defined in the Indenture as any security or securities of Chevron, authenticated and delivered under the
Indenture) at the time Outstanding (as defined in the Indenture) and affected by such supplemental indenture, to execute one or more supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such Securities; provided, however, that no such supplemental indenture shall, without the consent of the holder of each
Outstanding Security (including the Notes) affected thereby: (1) change the fixed maturity date of any Note, or reduce the rate of interest on any Note or the method of determining such rate of interest or extend the time of payment of
interest, or reduce the principal amount thereof, or change the coin or currency in which the Notes or the interest thereon is payable or impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof,
(2) reduce the aforesaid percentage of holders of the Outstanding Securities whose consent is required for the execution of such supplemental indenture, or the consent of the holders of which is required for any waiver provided for in the
Indenture or (3) change the time of payment. It is also provided in the Indenture that the holders of a majority in principal amount of the Notes may waive (a) compliance by Chevron with the covenants contained in Article Four of the
Indenture with respect to the Notes and (b) any past or existing Event of Default with respect to the Notes and its consequences except a continuing default in the payment of the principal of or interest on the Notes or in respect of a covenant
or provision of the Indenture which cannot be modified or amended without the consent of the registered owner of the Note so affected. 

The 2016 Floating Rate Notes will not be redeemable prior to maturity. 

If an Event of Default (as that term is defined in the Indenture) shall occur, the principal of all Notes and the interest accrued thereon may
be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture. The Indenture provides that in certain events such declaration and its consequences may be waived by the holders of a majority in aggregate
principal amount of the Notes then Outstanding. 
 The Notes are issuable in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. Notes may be exchanged for a like aggregate amount of Notes of other authorized denominations as provided in the Indenture. This Note is transferable at the office of the Trustee by the registered owner hereof
in person, or by such registered owner’s attorney duly authorized in writing, on the books of Chevron at said office, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon
surrender and cancellation of this Note. Upon such transfer a new fully registered Note or Notes of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange herefor. 

Chevron, the Trustee and any agent of Chevron or the Trustee and any paying agent may treat the registered owner hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than Chevron or the Trustee) for the purpose of receiving payment hereof or on account hereof and for
all other purposes, and none of Chevron, the Trustee or any such agent shall be affected by notice to the contrary. 
 THIS NOTE AND THE
OBLIGATIONS OF CHEVRON IN RESPECT HEREOF ARE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 No
recourse shall be had for the payment of the principal of or the interest on this Note or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of Chevron or of any successor of Chevron, 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. 

  
 A-3 

 Exhibit B 
  

			
	$500,000,000	  	CUSIP: 166764 AL4
	N-1	  	ISIN: US166764AL42

 CHEVRON CORPORATION 

1.345% FIXED RATE NOTE DUE 2017 

Unless this Note is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to Chevron
Corporation or its agent for registration of transfer, exchange or payment and any Note issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to
Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof,
Cede & Co., has an interest herein. 
 CHEVRON CORPORATION (herein referred to as “Chevron”), a corporation duly
organized and existing under the laws of the State of Delaware, for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Five Hundred Million Dollars ($500,000,000) on November 15, 2017 in
lawful money of the United States of America and to pay interest (computed on the basis of a 360-day year of twelve 30-day months) thereon in like money from November 18, 2014 or from the most recent Interest Payment Date (hereinafter defined)
to which interest has been paid or duly provided for until payment of such principal sum, at the rate of 1.345% per annum, payable on each May 15 and November 15, commencing May 15, 2015 (the “Interest Payment Dates”).

 The principal hereof is payable upon presentation and surrender of this Note at the principal office of Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee”). Interest on this Note may be payable by check or draft mailed to the person in whose name this Note is registered at the close of business on the Record Date for such interest payment
at such person’s address as it appears on the registration books of the Trustee. The Record Date for the Notes is the date which is 15 days prior to the relevant Interest Payment Date. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be entitled to any benefit under the Indenture (hereinafter
defined), or become valid or obligatory for any purpose, until the Certificate of Authentication hereon endorsed shall have been executed by manual signature by the Trustee. 

IN WITNESS WHEREOF, CHEVRON CORPORATION has caused this Note to be signed by its Assistant Treasurer manually or in facsimile and its
corporate seal to be imprinted hereon and attested by the manual or facsimile signature of its Secretary or an Assistant Secretary. 
 Dated:
November 18, 2014 
  

			
	CHEVRON CORPORATION
		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  

					
	Attest:	  	 	  	
		  	Assistant Secretary	  	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities, of the Series designatedherein, 

described in the within-mentioned Indenture. 
 WELLS FARGO BANK,
NATIONAL ASSOCIATION, as Trustee 
  

			
	 By:
	 	 
		 	 Authorized Signatory

  
 B-1 

 CHEVRON CORPORATION 

1.345% FIXED RATE NOTE DUE 2017 

This Note is one of a duly authorized issue of securities of Chevron, not limited in aggregate principal amount, all issued or to be issued in
one or more series of varying dates, numbers, interest rates and other provisions, under an Indenture dated as of June 15, 1995, as amended by the Fifth Supplemental Indenture dated as of November 18, 2014 (such indenture as so amended
being herein referred to as the “Indenture”) each being between Chevron and the Trustee. This Note is one of a series of Notes designated as its “1.345% Fixed Rate Notes Due 2017” aggregating $1,100,000,000 in principal amount
(herein called the “Notes”). 
 Reference is hereby made to the Indenture and all indentures supplemental thereto for a
description of the rights, obligations, duties and immunities thereunder of Chevron, the Trustee and the holders of the Notes, to all of the provisions of which Indenture the registered owner of this Note, by acceptance hereof, assents and agrees.
The Indenture contains provisions permitting Chevron and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities (which term is defined in the Indenture as any security or securities
of Chevron, authenticated and delivered under the Indenture) at the time Outstanding (as defined in the Indenture) and affected by such supplemental indenture, to execute one or more supplemental indentures for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such Securities; provided, however, that no such supplemental indenture
shall, without the consent of the holder of each Outstanding Security (including the Notes) affected thereby: (1) change the fixed maturity or redemption date of any Note, or reduce the rate of interest on any Note or the method of determining
such rate of interest or extend the time of payment of interest, or reduce the principal amount thereof, or reduce any premium payable on the redemption thereof, or change the coin or currency in which the Notes or the interest thereon is payable or
impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof, (2) reduce the aforesaid percentage of holders of the Outstanding Securities whose consent is required for the execution of such
supplemental indenture, or the consent of the holders of which is required for any waiver provided for in the Indenture or (3) change the time of payment. It is also provided in the Indenture that the holders of a majority in principal amount
of the Notes may waive (a) compliance by Chevron with the covenants contained in Article Four of the Indenture with respect to the Notes and (b) any past or existing Event of Default with respect to the Notes and its consequences except a
continuing default in the payment of the principal of or interest on the Notes or in respect of a covenant or provision of the Indenture which cannot be modified or amended without the consent of the registered owner of the Note so affected. 

The Notes shall be subject to redemption, at the option of Chevron, in whole or in part, at any time at a redemption price equal to the
greater of (a) 100% of the principal amount of the Notes being redeemed and (b) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including the portion of any such payments of interest
accrued as of the redemption date), discounted to the redemption date on a semiannual basis, calculated assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate, plus interest accrued on the Notes being redeemed to
the redemption date. The “Adjusted Treasury Rate” is to be determined on the third Business Day preceding the redemption date and means (1) the arithmetic mean of the yields under the heading “Week Ending” published in the
Statistical Release (hereinafter defined) most recently published prior to the date of determination under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month) corresponding to the remaining term, as
of the applicable redemption date, of the Notes being redeemed plus (2) 0.10%. If no maturity set forth under such heading exactly corresponds to the remaining term of the Notes being redeemed, yields for the two published maturities most
closely corresponding to the remaining term of the Notes being redeemed will be calculated as described in the preceding sentence, and the Adjusted Treasury Rate will be interpolated or extrapolated from such yields on a straight-line basis,
rounding each of the relevant period to the nearest month. The term “Statistical Release” means the statistical release designation “H.15(519)” or any successor publication which is published weekly by the Federal Reserve System
and which establishes yields on actively-traded United States government securities adjusted to constant maturities, or, if such statistical release is not published at the time of any determination under the terms of the Notes, then such other
reasonably comparable index as Chevron shall designate. As provided in the Indenture, notice of redemption shall be given to the registered owners of Notes to be redeemed by mailing a notice of such redemption not less than 30 nor more than 60 days
prior to the date fixed for redemption, to their addresses as they appear on the register books. 
 If an Event of Default (as that term is
defined in the Indenture) shall occur, the principal of all Notes and the interest accrued thereon may be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture. The Indenture provides that in
certain events such declaration and its consequences may be waived by the holders of a majority in aggregate principal amount of the Notes then Outstanding. 

The Notes are issuable in registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof. Notes may be
exchanged for a like aggregate amount of Notes of other authorized denominations as provided in the Indenture. This Note is transferable at the office of the Trustee by the registered owner hereof in person, or by such registered owner’s
attorney duly authorized in writing, on the books of Chevron at said office, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon surrender and cancellation of this Note. Upon such
transfer a new fully registered Note or Notes of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange herefor. 

Chevron, the Trustee and any agent of Chevron or the Trustee and any paying agent may treat the registered owner hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than Chevron or the Trustee) for the purpose of receiving payment hereof or on account hereof and for
all other purposes, and none of Chevron, the Trustee or any such agent shall be affected by notice to the contrary. 
 THIS NOTE AND THE
OBLIGATIONS OF CHEVRON IN RESPECT HEREOF ARE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 No
recourse shall be had for the payment of the principal of or the interest on this Note or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of Chevron or of any successor of Chevron, 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. 

  
 B-2 

 Exhibit C 
  

			
	$500,000,000	  	CUSIP: 166764 AK6
	N-1	  	ISIN: US166764AK68

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2017 
 Unless
this Note is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to Chevron Corporation or its agent for registration of transfer, exchange or payment and any Note issued is registered
in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

CHEVRON CORPORATION (herein referred to as “Chevron”), a corporation duly organized and existing under the laws of the State of
Delaware, for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Five Hundred Million Dollars ($500,000,000) on November 15, 2017 in lawful money of the United States of America. 

The 2017 Floating Rate Notes shall bear interest at a variable rate from November 18, 2014, payable on each
February 15, May 15, August 15 and November 15, commencing February 17, 2015 (each an “Interest Payment Date”). If any Interest Payment Date for the 2017 Floating Rate Notes falls on a date that is not a
Business Day, the applicable interest payment will be made on the next Business Day, except that if that Business Day is in the immediately succeeding calendar month, the interest payment will be made on the next preceding Business Day, in each case
with interest accruing to the applicable Interest Payment Date as so adjusted. The interest rate for the 2017 Floating Rate Notes for a particular Interest Period (as defined below) will be a per annum rate equal to LIBOR (as defined below) as
determined on the applicable Interest Determination Date (as defined below) by the calculation agent appointed by the Company, which initially will be the Trustee (the “Calculation Agent”), plus 0.17%. The interest rate on the 2017
Floating Rate Notes shall be reset on the first day of each Interest Period other than the initial Interest Period (each an “Interest Reset Date”). An interest period is the period commencing on an Interest Payment Date (or, in the case of
the initial Interest Period, commencing on November 18, 2014) and ending on the day preceding the next Interest Payment Date (each an “Interest Period”). The initial Interest Period is November 18, 2014 through February 16,
2015. The interest determination date for an Interest Period will be the second London Business Day preceding the first day of such Interest Period (the “Interest Determination Date”). The Interest Determination Date for the initial
interest period will be November 14, 2014. Interest on the 2017 Floating Rate Notes will be calculated on the basis of the actual number of days in each quarterly interest period and a 360-day year. 

“LIBOR” will be determined by the Calculation Agent in accordance with the following provisions: 

(i) with respect to any Interest Determination Date, LIBOR will be the rate for deposits in United States dollars having a maturity of three
months commencing on the first day of the applicable Interest Period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in respect of that Interest
Determination Date, will be determined in accordance with the provisions described in (ii) below. 
 (ii) with respect to an Interest
Determination Date on which no rate appears on Reuters Screen LIBOR01 Page, as specified in (i) above, the Calculation Agent will request the principal London offices of each of four major reference banks in the London interbank market, as
selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the first day of the applicable Interest Period, to prime banks in the
London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in United States dollars in that market at that time. If at least two
quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the
rates quoted at approximately 11:00 a.m., in the City of New York, on the Interest Determination Date by three major banks in the City of New York selected by the Calculation Agent for loans in United States dollars to leading European banks, having
a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time; provided that if the banks selected by the Calculation Agent are not providing quotations in the
manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding interest reset date or if there is no immediately preceding interest reset date, LIBOR will be the same as the rate determined for the
initial Interest Period. 
 “London Business Day” means any day on which dealings in United States dollars are transacted on the
London interbank market. 

  
 C-1 

 “Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01”
on Reuters (or such other page as may replace the LIBOR01 page on that service or any successor service for the purpose of displaying London interbank offered rates for U.S. dollar deposits of major banks). 

All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred thousandth of a
percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all dollar amounts used in or resulting from such calculations will be rounded to
the nearest cent (with one-half cent being rounded upwards). 
 The interest rate on the 2017 Floating Rate Notes will in no event be higher
than the maximum rate permitted by New York law as the same may be modified by United States laws of general application. 
 The Calculation
Agent will, upon the request of any holder of the 2017 Floating Rate Notes, provide the interest rate then in effect with respect to the 2017 Floating Rate Notes and, if it has been determined, the interest rate to be in effect for the next Interest
Period. The Calculation Agent shall calculate the interest rate in accordance with the foregoing and shall notify the Trustee or paying agent of such interest rate. All calculations of the Calculation Agent, in the absence of manifest error, shall
be conclusive for all purposes and binding on Chevron and holders of the 2017 Floating Rate Notes and neither the Trustee nor any paying agent shall have the duty to verify determinations of interest rates made by the Calculation Agent. 

The principal hereof is payable upon presentation and surrender of this Note at the principal office of Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee”). Interest on this Note may be payable by check or draft mailed to the person in whose name this Note is registered at the close of business on the Record Date for such interest payment
at such person’s address as it appears on the registration books of the Trustee. The Record Date for the Notes is the date which is 15 days prior to the relevant Interest Payment Date. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be entitled to any benefit under the Indenture (hereinafter
defined), or become valid or obligatory for any purpose, until the Certificate of Authentication hereon endorsed shall have been executed by manual signature by the Trustee. 

IN WITNESS WHEREOF, CHEVRON CORPORATION has caused this Note to be signed by its Assistant Treasurer manually or in facsimile and its
corporate seal to be imprinted hereon and attested by the manual or facsimile signature of its Secretary or an Assistant Secretary. 
 Dated:
November 18, 2014 
  

			
	CHEVRON CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		 	Attest:	 	  

		 		 	Assistant Secretary

  

			
	
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	This is one of the Securities, of the Series designated herein, described in the within-mentioned Indenture.
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 C-2 

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2017 
 This
Note is one of a duly authorized issue of securities of Chevron, not limited in aggregate principal amount, all issued or to be issued in one or more series of varying dates, numbers, interest rates and other provisions, under an Indenture dated as
of June 15, 1995, as amended by the Fifth Supplemental Indenture dated as of November 18, 2014 (such indenture as so amended being herein referred to as the “Indenture”) each being between Chevron and the Trustee. This Note is
one of a series of Notes designated as its “Floating Rate Notes Due 2017” aggregating $650,000,000 in principal amount (herein called the “Notes”). 

Reference is hereby made to the Indenture and all indentures supplemental thereto for a description of the rights, obligations, duties and
immunities thereunder of Chevron, the Trustee and the holders of the Notes, to all of the provisions of which Indenture the registered owner of this Note, by acceptance hereof, assents and agrees. The Indenture contains provisions permitting Chevron
and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities (which term is defined in the Indenture as any security or securities of Chevron, authenticated and delivered under the
Indenture) at the time Outstanding (as defined in the Indenture) and affected by such supplemental indenture, to execute one or more supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such Securities; provided, however, that no such supplemental indenture shall, without the consent of the holder of each
Outstanding Security (including the Notes) affected thereby: (1) change the fixed maturity date of any Note, or reduce the rate of interest on any Note or the method of determining such rate of interest or extend the time of payment of
interest, or reduce the principal amount thereof, or change the coin or currency in which the Notes or the interest thereon is payable or impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof,
(2) reduce the aforesaid percentage of holders of the Outstanding Securities whose consent is required for the execution of such supplemental indenture, or the consent of the holders of which is required for any waiver provided for in the
Indenture or (3) change the time of payment. It is also provided in the Indenture that the holders of a majority in principal amount of the Notes may waive (a) compliance by Chevron with the covenants contained in Article Four of the
Indenture with respect to the Notes and (b) any past or existing Event of Default with respect to the Notes and its consequences except a continuing default in the payment of the principal of or interest on the Notes or in respect of a covenant
or provision of the Indenture which cannot be modified or amended without the consent of the registered owner of the Note so affected. 

The 2017 Floating Rate Notes will not be redeemable prior to maturity. 

If an Event of Default (as that term is defined in the Indenture) shall occur, the principal of all Notes and the interest accrued thereon may
be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture. The Indenture provides that in certain events such declaration and its consequences may be waived by the holders of a majority in aggregate
principal amount of the Notes then Outstanding. 
 The Notes are issuable in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. Notes may be exchanged for a like aggregate amount of Notes of other authorized denominations as provided in the Indenture. This Note is transferable at the office of the Trustee by the registered owner hereof
in person, or by such registered owner’s attorney duly authorized in writing, on the books of Chevron at said office, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon
surrender and cancellation of this Note. Upon such transfer a new fully registered Note or Notes of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange herefor. 

Chevron, the Trustee and any agent of Chevron or the Trustee and any paying agent may treat the registered owner hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than Chevron or the Trustee) for the purpose of receiving payment hereof or on account hereof and for
all other purposes, and none of Chevron, the Trustee or any such agent shall be affected by notice to the contrary. 
 THIS NOTE AND THE
OBLIGATIONS OF CHEVRON IN RESPECT HEREOF ARE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 No
recourse shall be had for the payment of the principal of or the interest on this Note or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of Chevron or of any successor of Chevron, 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. 

  
 C-3 

 Exhibit D 
  

			
	$500,000,000	  	CUSIP: 166764 AN0
	N-1	  	ISIN: US166764AN08

 CHEVRON CORPORATION 

2.193% FIXED RATE NOTE DUE 2019 

Unless this Note is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to Chevron
Corporation or its agent for registration of transfer, exchange or payment and any Note issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to
Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof,
Cede & Co., has an interest herein. 
 CHEVRON CORPORATION (herein referred to as “Chevron”), a corporation duly
organized and existing under the laws of the State of Delaware, for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Five Hundred Million Dollars ($500,000,000) on November 15, 2019 in
lawful money of the United States of America and to pay interest (computed on the basis of a 360-day year of twelve 30-day months) thereon in like money from November 18, 2014 or from the most recent Interest Payment Date (hereinafter defined)
to which interest has been paid or duly provided for until payment of such principal sum, at the rate of 2.193% per annum, payable on each May 15 and November 15, commencing May 15, 2015 (the “Interest Payment Dates”).

 The principal hereof is payable upon presentation and surrender of this Note at the principal office of Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee”). Interest on this Note may be payable by check or draft mailed to the person in whose name this Note is registered at the close of business on the Record Date for such interest payment
at such person’s address as it appears on the registration books of the Trustee. The Record Date for the Notes is the date which is 15 days prior to the relevant Interest Payment Date. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be entitled to any benefit under the Indenture (hereinafter
defined), or become valid or obligatory for any purpose, until the Certificate of Authentication hereon endorsed shall have been executed by manual signature by the Trustee. 

IN WITNESS WHEREOF, CHEVRON CORPORATION has caused this Note to be signed by its Assistant Treasurer manually or in facsimile and its
corporate seal to be imprinted hereon and attested by the manual or facsimile signature of its Secretary or an Assistant Secretary. 
 Dated:
November 18, 2014 
  

			
	CHEVRON CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	            Attest:	 	  

		 	Assistant Secretary
	
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	This is one of the Securities, of the Series designated herein, described in the within-mentioned Indenture.

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 D-1 

 CHEVRON CORPORATION 

2.193% FIXED RATE NOTE DUE 2019 

This Note is one of a duly authorized issue of securities of Chevron, not limited in aggregate principal amount, all issued or to be issued in
one or more series of varying dates, numbers, interest rates and other provisions, under an Indenture dated as of June 15, 1995, as amended by the Fifth Supplemental Indenture dated as of November 18, 2014 (such indenture as so amended
being herein referred to as the “Indenture”) each being between Chevron and the Trustee. This Note is one of a series of Notes designated as its “2.193% Fixed Rate Notes Due 2019” aggregating $750,000,000 in principal amount
(herein called the “Notes”). 
 Reference is hereby made to the Indenture and all indentures supplemental thereto for a
description of the rights, obligations, duties and immunities thereunder of Chevron, the Trustee and the holders of the Notes, to all of the provisions of which Indenture the registered owner of this Note, by acceptance hereof, assents and agrees.
The Indenture contains provisions permitting Chevron and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities (which term is defined in the Indenture as any security or securities
of Chevron, authenticated and delivered under the Indenture) at the time Outstanding (as defined in the Indenture) and affected by such supplemental indenture, to execute one or more supplemental indentures for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such Securities; provided, however, that no such supplemental indenture
shall, without the consent of the holder of each Outstanding Security (including the Notes) affected thereby: (1) change the fixed maturity or redemption date of any Note, or reduce the rate of interest on any Note or the method of determining
such rate of interest or extend the time of payment of interest, or reduce the principal amount thereof, or reduce any premium payable on the redemption thereof, or change the coin or currency in which the Notes or the interest thereon is payable or
impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof, (2) reduce the aforesaid percentage of holders of the Outstanding Securities whose consent is required for the execution of such
supplemental indenture, or the consent of the holders of which is required for any waiver provided for in the Indenture or (3) change the time of payment. It is also provided in the Indenture that the holders of a majority in principal amount
of the Notes may waive (a) compliance by Chevron with the covenants contained in Article Four of the Indenture with respect to the Notes and (b) any past or existing Event of Default with respect to the Notes and its consequences except a
continuing default in the payment of the principal of or interest on the Notes or in respect of a covenant or provision of the Indenture which cannot be modified or amended without the consent of the registered owner of the Note so affected. 

Prior to October 15, 2019, the Notes shall be subject to redemption, at the option of Chevron, in whole or in part, at any time at a
redemption price equal to the greater of (a) 100% of the principal amount of the Notes being redeemed and (b) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including the portion of
any such payments of interest accrued as of the redemption date), discounted to the redemption date on a semiannual basis, calculated assuming a 360-day year consisting of twelve 30-day months, at the Adjusted Treasury Rate, plus interest accrued on
the Notes being redeemed to the redemption date. On or after October 15, 2019, the Notes shall be subject to redemption, at the option of Chevron, in whole or in part, at any time at a redemption price equal to 100% of the principal amount of
the Notes being redeemed plus interest accrued on the Notes being redeemed to the redemption date. The “Adjusted Treasury Rate” is to be determined on the third Business Day preceding the redemption date and means (1) the arithmetic
mean of the yields under the heading “Week Ending” published in the Statistical Release (hereinafter defined) most recently published prior to the date of determination under the caption “Treasury Constant Maturities” for the
maturity (rounded to the nearest month) corresponding to the remaining term, as of the applicable redemption date, of the Notes being redeemed plus (2) 0.10%. If no maturity set forth under such heading exactly corresponds to the remaining term
of the Notes being redeemed, yields for the two published maturities most closely corresponding to the remaining term of the Notes being redeemed will be calculated as described in the preceding sentence, and the Adjusted Treasury Rate will be
interpolated or extrapolated from such yields on a straight-line basis, rounding each of the relevant period to the nearest month. The term “Statistical Release” means the statistical release designation “H.15(519)” or any
successor publication which is published weekly by the Federal Reserve System and which establishes yields on actively-traded United States government securities adjusted to constant maturities, or, if such statistical release is not published at
the time of any determination under the terms of the Notes, then such other reasonably comparable index as Chevron shall designate. As provided in the Indenture, notice of redemption shall be given to the registered owners of Notes to be redeemed by
mailing a notice of such redemption not less than 30 nor more than 60 days prior to the date fixed for redemption, to their addresses as they appear on the register books. 

If an Event of Default (as that term is defined in the Indenture) shall occur, the principal of all Notes and the interest accrued thereon may
be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture. The Indenture provides that in certain events such declaration and its consequences may be waived by the holders of a majority in aggregate
principal amount of the Notes then Outstanding. 
 The Notes are issuable in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. Notes may be exchanged for a like aggregate amount of Notes of other authorized denominations as provided in the Indenture. This Note is transferable at the office of the Trustee by the registered owner hereof
in person, or by such registered owner’s attorney duly authorized in writing, on the books of Chevron at said office, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon
surrender and cancellation of this Note. Upon such transfer a new fully registered Note or Notes of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange herefor. 

Chevron, the Trustee and any agent of Chevron or the Trustee and any paying agent may treat the registered owner hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than Chevron or the Trustee) for the purpose of receiving payment hereof or on account hereof and for
all other purposes, and none of Chevron, the Trustee or any such agent shall be affected by notice to the contrary. 
 THIS NOTE AND THE
OBLIGATIONS OF CHEVRON IN RESPECT HEREOF ARE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 No
recourse shall be had for the payment of the principal of or the interest on this Note or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of Chevron or of any successor of Chevron, 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. 

  
 D-2 

 Exhibit E 
  

			
	$400,000,000	  	CUSIP: 166764 AM2
	N-1	  	ISIN: US166764AM25

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2019 
 Unless
this Note is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to Chevron Corporation or its agent for registration of transfer, exchange or payment and any Note issued is registered
in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

CHEVRON CORPORATION (herein referred to as “Chevron”), a corporation duly organized and existing under the laws of the State of
Delaware, for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Four Hundred Million Dollars ($400,000,000) on November 15, 2019 in lawful money of the United States of America. 

The 2019 Floating Rate Notes shall bear interest at a variable rate from November 18, 2014, payable on each
February 15, May 15, August 15 and November 15, commencing February 17, 2015 (each an “Interest Payment Date”). If any Interest Payment Date for the 2019 Floating Rate Notes falls on a date that is not a
Business Day, the applicable interest payment will be made on the next Business Day, except that if that Business Day is in the immediately succeeding calendar month, the interest payment will be made on the next preceding Business Day, in each case
with interest accruing to the applicable Interest Payment Date as so adjusted. The interest rate for the 2019 Floating Rate Notes for a particular Interest Period (as defined below) will be a per annum rate equal to LIBOR (as defined below) as
determined on the applicable Interest Determination Date (as defined below) by the calculation agent appointed by the Company, which initially will be the Trustee (the “Calculation Agent”), plus 0.41%. The interest rate on the 2019
Floating Rate Notes shall be reset on the first day of each Interest Period other than the initial Interest Period (each an “Interest Reset Date”). An interest period is the period commencing on an Interest Payment Date (or, in the case of
the initial Interest Period, commencing on November 18, 2014) and ending on the day preceding the next Interest Payment Date (each an “Interest Period”). The initial Interest Period is November 18, 2014 through February 16,
2015. The interest determination date for an Interest Period will be the second London Business Day preceding the first day of such Interest Period (the “Interest Determination Date”). The Interest Determination Date for the initial
interest period will be November 14, 2014. Interest on the 2019 Floating Rate Notes will be calculated on the basis of the actual number of days in each quarterly interest period and a 360-day year. 

“LIBOR” will be determined by the Calculation Agent in accordance with the following provisions: 

(i) with respect to any Interest Determination Date, LIBOR will be the rate for deposits in United States dollars having a maturity of three
months commencing on the first day of the applicable Interest Period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in respect of that Interest
Determination Date, will be determined in accordance with the provisions described in (ii) below. 
 (ii) with respect to an Interest
Determination Date on which no rate appears on Reuters Screen LIBOR01 Page, as specified in (i) above, the Calculation Agent will request the principal London offices of each of four major reference banks in the London interbank market, as
selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the first day of the applicable Interest Period, to prime banks in the
London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in United States dollars in that market at that time. If at least two
quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the
rates quoted at approximately 11:00 a.m., in the City of New York, on the Interest Determination Date by three major banks in the City of New York selected by the Calculation Agent for loans in United States dollars to leading European banks, having
a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time; provided that if the banks selected by the Calculation Agent are not providing quotations in the
manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding interest reset date or if there is no immediately preceding interest reset date, LIBOR will be the same as the rate determined for the
initial Interest Period. 
 “London Business Day” means any day on which dealings in United States dollars are transacted on the
London interbank market. 

  
 E-1 

 “Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01”
on Reuters (or such other page as may replace the LIBOR01 page on that service or any successor service for the purpose of displaying London interbank offered rates for U.S. dollar deposits of major banks). 

All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred thousandth of a
percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all dollar amounts used in or resulting from such calculations will be rounded to
the nearest cent (with one-half cent being rounded upwards). 
 The interest rate on the 2019 Floating Rate Notes will in no event be higher
than the maximum rate permitted by New York law as the same may be modified by United States laws of general application. 
 The Calculation
Agent will, upon the request of any holder of the 2019 Floating Rate Notes, provide the interest rate then in effect with respect to the 2019 Floating Rate Notes and, if it has been determined, the interest rate to be in effect for the next Interest
Period. The Calculation Agent shall calculate the interest rate in accordance with the foregoing and shall notify the Trustee or paying agent of such interest rate. All calculations of the Calculation Agent, in the absence of manifest error, shall
be conclusive for all purposes and binding on Chevron and holders of the 2019 Floating Rate Notes and neither the Trustee nor any paying agent shall have the duty to verify determinations of interest rates made by the Calculation Agent. 

The principal hereof is payable upon presentation and surrender of this Note at the principal office of Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee”). Interest on this Note may be payable by check or draft mailed to the person in whose name this Note is registered at the close of business on the Record Date for such interest payment
at such person’s address as it appears on the registration books of the Trustee. The Record Date for the Notes is the date which is 15 days prior to the relevant Interest Payment Date. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be entitled to any benefit under the Indenture (hereinafter
defined), or become valid or obligatory for any purpose, until the Certificate of Authentication hereon endorsed shall have been executed by manual signature by the Trustee. 

IN WITNESS WHEREOF, CHEVRON CORPORATION has caused this Note to be signed by its Assistant Treasurer manually or in facsimile and its
corporate seal to be imprinted hereon and attested by the manual or facsimile signature of its Secretary or an Assistant Secretary. 
 Dated:
November 18, 2014 
  

			
	CHEVRON CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	            Attest:	 	  

		 	Assistant Secretary

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities, of the Series designated 
 herein,
described in the within-mentioned Indenture. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 E-2 

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2019 
 This
Note is one of a duly authorized issue of securities of Chevron, not limited in aggregate principal amount, all issued or to be issued in one or more series of varying dates, numbers, interest rates and other provisions, under an Indenture dated as
of June 15, 1995, as amended by the Fifth Supplemental Indenture dated as of November 18, 2014 (such indenture as so amended being herein referred to as the “Indenture”) each being between Chevron and the Trustee. This Note is
one of a series of Notes designated as its “Floating Rate Notes Due 2019” aggregating $400,000,000 in principal amount (herein called the “Notes”). 

Reference is hereby made to the Indenture and all indentures supplemental thereto for a description of the rights, obligations, duties and
immunities thereunder of Chevron, the Trustee and the holders of the Notes, to all of the provisions of which Indenture the registered owner of this Note, by acceptance hereof, assents and agrees. The Indenture contains provisions permitting Chevron
and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities (which term is defined in the Indenture as any security or securities of Chevron, authenticated and delivered under the
Indenture) at the time Outstanding (as defined in the Indenture) and affected by such supplemental indenture, to execute one or more supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such Securities; provided, however, that no such supplemental indenture shall, without the consent of the holder of each
Outstanding Security (including the Notes) affected thereby: (1) change the fixed maturity date of any Note, or reduce the rate of interest on any Note or the method of determining such rate of interest or extend the time of payment of
interest, or reduce the principal amount thereof, or change the coin or currency in which the Notes or the interest thereon is payable or impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof,
(2) reduce the aforesaid percentage of holders of the Outstanding Securities whose consent is required for the execution of such supplemental indenture, or the consent of the holders of which is required for any waiver provided for in the
Indenture or (3) change the time of payment. It is also provided in the Indenture that the holders of a majority in principal amount of the Notes may waive (a) compliance by Chevron with the covenants contained in Article Four of the
Indenture with respect to the Notes and (b) any past or existing Event of Default with respect to the Notes and its consequences except a continuing default in the payment of the principal of or interest on the Notes or in respect of a covenant
or provision of the Indenture which cannot be modified or amended without the consent of the registered owner of the Note so affected. 

The 2019 Floating Rate Notes will not be redeemable prior to maturity. 

If an Event of Default (as that term is defined in the Indenture) shall occur, the principal of all Notes and the interest accrued thereon may
be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture. The Indenture provides that in certain events such declaration and its consequences may be waived by the holders of a majority in aggregate
principal amount of the Notes then Outstanding. 
 The Notes are issuable in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. Notes may be exchanged for a like aggregate amount of Notes of other authorized denominations as provided in the Indenture. This Note is transferable at the office of the Trustee by the registered owner hereof
in person, or by such registered owner’s attorney duly authorized in writing, on the books of Chevron at said office, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon
surrender and cancellation of this Note. Upon such transfer a new fully registered Note or Notes of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange herefor. 

Chevron, the Trustee and any agent of Chevron or the Trustee and any paying agent may treat the registered owner hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than Chevron or the Trustee) for the purpose of receiving payment hereof or on account hereof and for
all other purposes, and none of Chevron, the Trustee or any such agent shall be affected by notice to the contrary. 
 THIS NOTE AND THE
OBLIGATIONS OF CHEVRON IN RESPECT HEREOF ARE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 No
recourse shall be had for the payment of the principal of or the interest on this Note or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of Chevron or of any successor of Chevron, 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. 

  
 E-3 

 Exhibit F 
  

			
	$400,000,000	  	CUSIP: 166764 AP5
	N-1	  	ISIN: US166764AP55

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2021 
 Unless
this Note is presented by an authorized representative of The Depository Trust Company, a New York Corporation (“DTC”), to Chevron Corporation or its agent for registration of transfer, exchange or payment and any Note issued is registered
in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co., or to such other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL, inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

CHEVRON CORPORATION (herein referred to as “Chevron”), a corporation duly organized and existing under the laws of the State of
Delaware, for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of Four Hundred Million Dollars ($400,000,000) on November 15, 2021 in lawful money of the United States of America. 

The 2021 Floating Rate Notes shall bear interest at a variable rate from November 18, 2014, payable on each
February 15, May 15, August 15 and November 15, commencing February 17, 2015 (each an “Interest Payment Date”). If any Interest Payment Date for the 2021 Floating Rate Notes falls on a date that is not a
Business Day, the applicable interest payment will be made on the next Business Day, except that if that Business Day is in the immediately succeeding calendar month, the interest payment will be made on the next preceding Business Day, in each case
with interest accruing to the applicable Interest Payment Date as so adjusted. The interest rate for the 2021 Floating Rate Notes for a particular Interest Period (as defined below) will be a per annum rate equal to LIBOR (as defined below) as
determined on the applicable Interest Determination Date (as defined below) by the calculation agent appointed by the Company, which initially will be the Trustee (the “Calculation Agent”), plus 0.53%. The interest rate on the 2021
Floating Rate Notes shall be reset on the first day of each Interest Period other than the initial Interest Period (each an “Interest Reset Date”). An interest period is the period commencing on an Interest Payment Date (or, in the case of
the initial Interest Period, commencing on November 18, 2014) and ending on the day preceding the next Interest Payment Date (each an “Interest Period”). The initial Interest Period is November 18, 2014 through February 16,
2015. The interest determination date for an Interest Period will be the second London Business Day preceding the first day of such Interest Period (the “Interest Determination Date”). The Interest Determination Date for the initial
interest period will be November 14, 2014. Interest on the 2021 Floating Rate Notes will be calculated on the basis of the actual number of days in each quarterly interest period and a 360-day year. 

“LIBOR” will be determined by the Calculation Agent in accordance with the following provisions: 

(i) with respect to any Interest Determination Date, LIBOR will be the rate for deposits in United States dollars having a maturity of three
months commencing on the first day of the applicable Interest Period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, then LIBOR, in respect of that Interest
Determination Date, will be determined in accordance with the provisions described in (ii) below. 
 (ii) with respect to an Interest
Determination Date on which no rate appears on Reuters Screen LIBOR01 Page, as specified in (i) above, the Calculation Agent will request the principal London offices of each of four major reference banks in the London interbank market, as
selected by the Calculation Agent, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the first day of the applicable Interest Period, to prime banks in the
London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in United States dollars in that market at that time. If at least two
quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two quotations are provided, then LIBOR on the Interest Determination Date will be the arithmetic mean of the
rates quoted at approximately 11:00 a.m., in the City of New York, on the Interest Determination Date by three major banks in the City of New York selected by the Calculation Agent for loans in United States dollars to leading European banks, having
a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time; provided that if the banks selected by the Calculation Agent are not providing quotations in the
manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding interest reset date or if there is no immediately preceding interest reset date, LIBOR will be the same as the rate determined for the
initial Interest Period. 
 “London Business Day” means any day on which dealings in United States dollars are transacted on the
London interbank market. 

  
 F-1 

 “Reuters Screen LIBOR01 Page” means the display designated on page “LIBOR01”
on Reuters (or such other page as may replace the LIBOR01 page on that service or any successor service for the purpose of displaying London interbank offered rates for U.S. dollar deposits of major banks). 

All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred thousandth of a
percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all dollar amounts used in or resulting from such calculations will be rounded to
the nearest cent (with one-half cent being rounded upwards). 
 The interest rate on the 2021 Floating Rate Notes will in no event be higher
than the maximum rate permitted by New York law as the same may be modified by United States laws of general application. 
 The Calculation
Agent will, upon the request of any holder of the 2021 Floating Rate Notes, provide the interest rate then in effect with respect to the 2021 Floating Rate Notes and, if it has been determined, the interest rate to be in effect for the next Interest
Period. The Calculation Agent shall calculate the interest rate in accordance with the foregoing and shall notify the Trustee or paying agent of such interest rate. All calculations of the Calculation Agent, in the absence of manifest error, shall
be conclusive for all purposes and binding on Chevron and holders of the 2021 Floating Rate Notes and neither the Trustee nor any paying agent shall have the duty to verify determinations of interest rates made by the Calculation Agent. 

The principal hereof is payable upon presentation and surrender of this Note at the principal office of Wells Fargo Bank, National
Association, as Trustee (herein called the “Trustee”). Interest on this Note may be payable by check or draft mailed to the person in whose name this Note is registered at the close of business on the Record Date for such interest payment
at such person’s address as it appears on the registration books of the Trustee. The Record Date for the Notes is the date which is 15 days prior to the relevant Interest Payment Date. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL FOR ALL PURPOSES HAVE THE
SAME EFFECT AS IF FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be entitled to any benefit under the Indenture (hereinafter
defined), or become valid or obligatory for any purpose, until the Certificate of Authentication hereon endorsed shall have been executed by manual signature by the Trustee. 

IN WITNESS WHEREOF, CHEVRON CORPORATION has caused this Note to be signed by its Assistant Treasurer manually or in facsimile and its
corporate seal to be imprinted hereon and attested by the manual or facsimile signature of its Secretary or an Assistant Secretary. 
 Dated:
November 18, 2014 
  

			
	CHEVRON CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
	                	 	Attest:	 	  

		 		 	Assistant Secretary

  

			
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	 This is one of the Securities, of the Series designated

herein, described in the within-mentioned Indenture.

	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 F-2 

 CHEVRON CORPORATION 

FLOATING RATE NOTE DUE 2021 
 This
Note is one of a duly authorized issue of securities of Chevron, not limited in aggregate principal amount, all issued or to be issued in one or more series of varying dates, numbers, interest rates and other provisions, under an Indenture dated as
of June 15, 1995, as amended by the Fifth Supplemental Indenture dated as of November 18, 2014 (such indenture as so amended being herein referred to as the “Indenture”) each being between Chevron and the Trustee. This Note is
one of a series of Notes designated as its “Floating Rate Notes Due 2021” aggregating $400,000,000 in principal amount (herein called the “Notes”). 

Reference is hereby made to the Indenture and all indentures supplemental thereto for a description of the rights, obligations, duties and
immunities thereunder of Chevron, the Trustee and the holders of the Notes, to all of the provisions of which Indenture the registered owner of this Note, by acceptance hereof, assents and agrees. The Indenture contains provisions permitting Chevron
and the Trustee, with the consent of the holders of not less than a majority in aggregate principal amount of the Securities (which term is defined in the Indenture as any security or securities of Chevron, authenticated and delivered under the
Indenture) at the time Outstanding (as defined in the Indenture) and affected by such supplemental indenture, to execute one or more supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the holders of such Securities; provided, however, that no such supplemental indenture shall, without the consent of the holder of each
Outstanding Security (including the Notes) affected thereby: (1) change the fixed maturity date of any Note, or reduce the rate of interest on any Note or the method of determining such rate of interest or extend the time of payment of
interest, or reduce the principal amount thereof, or change the coin or currency in which the Notes or the interest thereon is payable or impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof,
(2) reduce the aforesaid percentage of holders of the Outstanding Securities whose consent is required for the execution of such supplemental indenture, or the consent of the holders of which is required for any waiver provided for in the
Indenture or (3) change the time of payment. It is also provided in the Indenture that the holders of a majority in principal amount of the Notes may waive (a) compliance by Chevron with the covenants contained in Article Four of the
Indenture with respect to the Notes and (b) any past or existing Event of Default with respect to the Notes and its consequences except a continuing default in the payment of the principal of or interest on the Notes or in respect of a covenant
or provision of the Indenture which cannot be modified or amended without the consent of the registered owner of the Note so affected. 

The 2021 Floating Rate Notes will not be redeemable prior to maturity. 

If an Event of Default (as that term is defined in the Indenture) shall occur, the principal of all Notes and the interest accrued thereon may
be declared due and payable upon the conditions, in the manner and with the effect provided in the Indenture. The Indenture provides that in certain events such declaration and its consequences may be waived by the holders of a majority in aggregate
principal amount of the Notes then Outstanding. 
 The Notes are issuable in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. Notes may be exchanged for a like aggregate amount of Notes of other authorized denominations as provided in the Indenture. This Note is transferable at the office of the Trustee by the registered owner hereof
in person, or by such registered owner’s attorney duly authorized in writing, on the books of Chevron at said office, but only in the manner, subject to the limitations and upon payment of the charges provided in the Indenture, and upon
surrender and cancellation of this Note. Upon such transfer a new fully registered Note or Notes of authorized denomination or denominations, for the same aggregate principal amount will be issued to the transferee in exchange herefor. 

Chevron, the Trustee and any agent of Chevron or the Trustee and any paying agent may treat the registered owner hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon made by anyone other than Chevron or the Trustee) for the purpose of receiving payment hereof or on account hereof and for
all other purposes, and none of Chevron, the Trustee or any such agent shall be affected by notice to the contrary. 
 THIS NOTE AND THE
OBLIGATIONS OF CHEVRON IN RESPECT HEREOF ARE GOVERNED BY AND SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 No
recourse shall be had for the payment of the principal of or the interest on this Note or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any
incorporator, stockholder, officer or director, as such, past, present or future, of Chevron or of any successor of Chevron, 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. 

  
 F-3

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