Document:

Form of Global Security relating thereto

 Exhibit 4.2 
 (Face of Security) 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY
AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO BARCLAYS BANK PLC, OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 BY PURCHASING THIS SECURITY, THE HOLDER AGREES TO CHARACTERIZE THIS SECURITY FOR ALL U.S. FEDERAL INCOME TAX PURPOSES AS PROVIDED IN SECTION 7 ON THE FACE OF THIS SECURITY. 

			
	 CUSIP No. 06739G851
	  	ISIN: GB00B1WPB282
		  	Common Code: 00B1WPB28

 BARCLAYS BANK PLC 
 MEDIUM-TERM NOTES, SERIES A 
  

 iPath® JPY/USD Exchange Rate ETN

 due May 14, 2037 
 The following terms apply to this Security. Capitalized terms that are not defined the first time they are used in this Security shall have the meanings indicated elsewhere in this Security. 
 Face Amount: $[            ], equal to
[            ] Securities at $50 per Security. 
 Index: JPY/USD Exchange Rate.

 Inception Date: May 8, 2007. 
 Interest
Rate: The principal of this Security shall not bear interest. 
 Denomination: $50. 
 Payment at Maturity: On the Maturity Date, the Company shall redeem this Security by paying to the Holder a cash payment equal to the principal amount of the Holder’s Securities times the Index
Factor on the Final Valuation Date minus the Investor Fee on the Final Valuation Date unless such Securities were previously redeemed on a Redemption Date as provided under “Early Redemption”. 
 Early Redemption: The Holder may, subject to the notification requirements provided under Section 5 hereof, require the Company to redeem the Holder’s
Securities in whole or in part on any Redemption Date during the term of the Securities. If the Holder requires the Company to redeem the Holder’s Securities on any Redemption Date, the Holder will receive a cash payment equal to the principal
amount of the Holder’s Securities times the Index Factor on the applicable Valuation Date minus the Investor Fee on the applicable Valuation Date. The Company shall not be required to redeem fewer than 50,000 Securities at one
time, provided that the Company may from time to time in its sole discretion reduce, in part or in whole, this minimum redemption amount on a consistent basis for all Holders who hold Securities at the time the reduction becomes effective.

 Calculation Agent: Barclays Bank PLC. 
 Defeasance: Neither full defeasance nor covenant defeasance applies to this Security. 
 Listing: NYSE Arca stock exchange.

  

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 –2– 

 OTHER TERMS: 
 All terms used in this Security that are not defined in this Security but are defined in the Indenture referred to on the reverse of this Security shall have the meanings assigned to them in the Indenture. Section headings on the face of
this Security are for convenience only and shall not affect the construction of this Security. 
 “Accumulation Component”
means, on any given day, the amount calculated in the following manner: (i) the Accumulation Component on the Inception Date shall equal one; and (ii) on each subsequent Business Day until and including the Final Valuation Date or, in the
case of Securities with respect to which the Holder has exercised its right of Early Redemption, the applicable Valuation Date, the Accumulation Component shall equal (x) the Accumulation Component on the immediately preceding Business Day
times (y) the sum of one plus the product of the Deposit Rate and the relevant Daycount Fraction. 
 “Business
Day” means any day that is not a Saturday, a Sunday or a day on which banking institutions in London or New York City generally are authorized or obligated by law, regulation or executive order to close. 
 “Currency Component” means, on any given day, the amount equal to the JPY/USD Exchange Rate on that day (or, if such day is not a
Trading Day, the JPY/USD Exchange Rate on the immediately preceding Trading Day) divided by the JPY/USD Exchange Rate on the Inception Date. 
 “Daycount Fraction” means, on any given Business Day, the number of calendar days that have elapsed since the immediately preceding Business Day divided by 365. 
 “Default Amount” means, on any given day, an amount in U.S. dollars, as determined by the Calculation Agent in its sole discretion,
equal to the cost of having a Qualified Financial Institution (selected as provided below) expressly assume the due and punctual payment of the principal of this Security as of such day and as if no default or acceleration had occurred on such day,
and the performance or observance of every covenant hereof and of the Indenture on the part of the Company to be performed or observed with respect to this Security (or to undertake other obligations providing substantially equivalent economic value
to the Holder of this Security as the Company’s obligations hereunder). Such cost will equal (i) the lowest amount that a Qualified Financial Institution would charge to effect such assumption (or undertaking) plus (ii) the reasonable
expenses (including reasonable attorneys’ fees) incurred by the Holder of this Security in preparing any documentation necessary for such assumption (or undertaking). During the Default Quotation Period, each Holder of this Security and the
Company may request a Qualified Financial Institution to provide a quotation of the amount it would charge to effect such assumption (or undertaking). If either party obtains a quotation, it must notify the other party in writing of the quotation.
The amount referred to in clause (i) of this paragraph will equal the lowest (or, if there is only one, the only) quotation so obtained, and as to which notice is so given, during the Default Quotation Period; provided that, with respect
to any quotation, the party not obtaining the quotation may object, on reasonable and significant grounds, to the effectuation of such assumption (or undertaking) by the Qualified Financial Institution providing such quotation and notify the other
party in writing of such grounds within two 

  

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 –3– 

 
Business Days after the last day of the Default Quotation Period, in which case that quotation will be disregarded in determining the Default Amount. The
“Default Quotation Period” shall be the period beginning on the day the Default Amount first becomes due and ending on the third Business Day after such due date, unless no such quotation is obtained, or unless every such quotation
so obtained is objected to within five Business Days after such due date as provided above, in which case the Default Quotation Period will continue until the third Business Day after the first Business Day on which prompt notice of a quotation is
given as provided above, unless such quotation is objected to as provided above within five Business Days after such first Business Day, in which case, the Default Quotation Period will continue as provided in this sentence. Notwithstanding the
foregoing, if the Default Quotation Period (and the subsequent two Business Day objection period) has not ended prior to the Final Valuation Date, then the Default Amount will equal the Face Amount. 
 “Deposit Rate” means, on any given day, the rate equal to the Mutan Rate as reported on the immediately preceding Business Day
minus 0.25%. 
 “Final Valuation Date” means May 7, 2037, or if such date is not a Trading Day, the next
succeeding Trading Day; provided, however that in no event will the Final Valuation Date be postponed by more than five Business Days. 
 “Index Factor” means, on any given day, the amount equal to the Currency Component on that day times the Accumulation Component on that day. 
 “Investor Fee” means the amount equal to 0.40% per year times the principal amount of the Holder’s Securities times
the Index Factor, calculated on a daily basis in the following manner: (i) the Investor Fee on the Inception Date shall equal zero; and (ii) on each subsequent calendar day until and including the Final Valuation Date or, in the case
of Securities with respect to which the Holder has exercised its right of Early Redemption, the applicable Valuation Date, the Investor Fee will increase by an amount equal to 0.40% times the principal amount of the Holder’s Securities
times the Index Factor on that day (or, if such day is not a Trading Day, the Index Factor on the immediately preceding Trading Day) divided by 365. 
 “JPY/USD Exchange Rate” means, on any given day, the rate obtained by dividing one by the U.S. dollar / Japanese Yen Exchange Rate on such day, and truncating the quotient to ten decimal places.

 “Maturity Date” means May 14, 2037, provided that if such date is not a Business Day, the Maturity Date will
be the next succeeding Business Day, provided, however, that if the fifth Business Day preceding May 14, 2037 does not qualify as the Final Valuation Date referred to above, then the Maturity Date will be the fifth Business Day following
the Final Valuation Date; in all cases, with no penalty interest accruing or payable on such Maturity Date. 
 “Mutan Rate”
means the Bank of Japan’s uncollateralized overnight call rate, as reported on Reuters page TONAT or any successor page. 
 “Qualified Financial Institution” means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a
stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill 

  

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 –4– 

 
Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other
comparable rating, if any, then used by such rating agency. 
 “Redemption Date” means the third Business Day following each
Valuation Date other than the Final Valuation Date. The final Redemption Date shall be the third Business Day following such Valuation Date that is immediately prior to the Final Valuation Date. 
 “Trading Day” means a day on which (i) the U.S. Dollar / Japanese Yen Exchange Rate is reported on Reuters page 1FED or any
successor page, (ii) trading is generally conducted on the NYSE Arca stock exchange and (iii) trading is generally conducted in the interbank market, in each case as determined by the Calculation Agent in its sole discretion. 

“U.S. Dollar / Japanese Yen Exchange Rate” means, on any given day, the exchange rate that reflects the number of U.S. dollars that
can be exchanged for one Japanese yen in the interbank market for settlement in two days, as reported on such day shortly after 10:00 a.m. on Reuters page 1FED or any successor page. 
 “Valuation Date” means each Business Day from October 1, 2007 to May 7, 2037, inclusive, or if such date is not a Trading Day,
the next succeeding Trading Day; provided, however, that in no event will any Valuation Date be postponed by more than five Business Days. 
  

 1. Promise to Pay at Maturity or Upon Early Redemption 
 Barclays Bank PLC, a public limited company duly organized and existing under the laws of England and Wales (herein called the “Company,”
which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay (or cause to be paid) to Cede & Co., as nominee for The Depository Trust Company, or registered assigns, the
amount as calculated and provided under (i) “Early Redemption” and elsewhere on the face this Security on the applicable Redemption Date, in the case of any Securities in respect of the which the Holder exercises such Holder’s
right to require the Company to redeem such Holder’s Securities prior to the Maturity Date, or (ii) “Payment at Maturity” and elsewhere on the face of this Security on the Maturity Date, in the case of all other Securities.

 2. Payment of Interest 
 The principal of this Security shall not bear interest. 
 3. Postponements to the Valuation Date 
 The Calculation Agent shall have the right to postpone a Valuation Date, and thus the determination of the value of the Index Factor and the amount as
calculated and provided under (i) “Early Redemption” and elsewhere on the face this Security on the applicable Redemption Date, in the case of any Securities in respect of the which the Holder exercises such Holder’s right to
require the Company to redeem such Holder’s Securities 

  

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 –5– 

 
prior to the Maturity Date, or (ii) “Payment at Maturity” and elsewhere on the face of this Security on the Maturity Date, in the case of all
other Securities, if the Calculation Agent determines that such Valuation Date is not a Trading Day. In no event, however, may the Calculation Agent postpone a Valuation Date by more than five Business Days. 
 The Calculation Agent shall have the right to make all determinations and adjustments with respect to the Index Factor in its sole discretion.

 4. Payment at Maturity or Upon Early Redemption 
 The payment of this Security that becomes due and payable on the Maturity Date or on a Redemption Date, as the case may be, shall be the cash amount that must be paid to redeem this Security as provided above under
“Payment at Maturity” and “Early Redemption”, respectively. The payment of this Security that becomes due and payable upon acceleration of the Maturity Date hereof after an Event of Default has occurred pursuant to the Indenture
shall be the Default Amount. When the principal referred to in either of the two preceding sentences has been paid as provided herein (or such payment has been made available), the principal of this Security shall be deemed to have been paid in
full, whether or not this Security shall have been surrendered for payment or cancellation. References to the payment at maturity or upon early redemption of this Security on any day shall be deemed to mean the payment of cash that is payable on
such day as provided in this Security. Notwithstanding the foregoing, solely for the purpose of determining whether any consent, waiver, notice or other action to be given or taken by Holders of Securities pursuant to the Indenture has been given or
taken by Holders of Outstanding Securities in the requisite aggregate principal amount, the principal amount of this Security will be deemed to equal the Face Amount. This Security shall cease to be Outstanding as provided in the definition of such
term in the Indenture when the principal of this Security shall be deemed to have been paid in full as provided above. 
 5. Redemption
Mechanics 
 Subject to the minimum redemption amount provided under “Early Redemption”, the Holder may require the Company to
redeem the Holder’s Securities on any Redemption Date during the term of the Securities provided that such Holder (i) delivers a notice of redemption to the Company via electronic mail by no later than 4:00 p.m., New York City time,
on the Business Day prior to the applicable Valuation Date; (ii) delivers a signed confirmation of redemption to the Company via facsimile by no later than 5:00 p.m., New York City time, on the same day (the receipt of which confirmation must
be acknowledged by the Company or one its affiliates in order for such confirmation to be effective); (iii) instructs the Holder’s DTC custodian to book a delivery versus payment trade with respect to the Holder’s Securities on the
applicable Valuation Date at a price equal to the principal amount of the Holder’s Securities times the Index Factor on the applicable Valuation Date minus the Investor Fee on the applicable Valuation Date, facing Barclays Capital
DTC 5101; and (iv) causes the Holder’s DTC custodian to deliver the trade as booked for settlement via DTC prior to 10:00 a.m., New York City time, on the applicable Redemption Date, which shall be the third Business Day following the
applicable Valuation Date (other than the Final Valuation Date). The final Redemption Date shall be the third Business Day following such Valuation Date that is immediately prior to the Final Valuation Date. 
  

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 –6– 

 6. Role of Calculation Agent 
 The Calculation Agent will be solely responsible for all determinations and calculations regarding the value of the Securities, including at maturity or
upon early redemption; Business Days; Trading Days; the Investor Fee; the Index Factor; the Accumulation Component; the Default Amount; the U.S. Dollar / Japanese Yen Exchange Rate; the JPY/USD Exchange Rate on the Inception Date and on any
Valuation Date; the Currency Component; the Deposit Rate; the Mutan Rate; the Maturity Date; Redemption Dates; the amount payable on the Securities and all such other matters as may be specified elsewhere herein as matters to be determined by the
Calculation Agent. The Calculation Agent shall make all such determinations and calculations in its sole discretion, and absent manifest error, all determinations of the Calculation Agent shall be final and binding on the Company, the Holder and all
other Persons having an interest in this Security, without liability on the part of the Calculation Agent. 
 The Company shall take such
action as shall be necessary to ensure that there is, at all relevant times, a financial institution serving as the Calculation Agent hereunder. The Company may, in its sole discretion at any time and from time to time, upon written notice to the
Trustee, but without notice to the Holder of this Security, terminate the appointment of any Person serving as the Calculation Agent and appoint another Person (including any Affiliate of the Company) to serve as the Calculation Agent. Insofar as
this Security provides for the Calculation Agent to determine the U.S. Dollar / Japanese Yen Exchange Rate or the JPY/USD Exchange Rate on any date or other information from any institution or other source, the Calculation Agent may do so from
any source or sources of the kind contemplated or otherwise permitted hereby notwithstanding that any one or more of such sources are the Calculation Agent, Affiliates of the Calculation Agent or Affiliates of the Company. 
 7. Tax Characterization 
 By its
purchase of this Security, the Holder, on behalf of itself and any other Person having a beneficial interest in this Security, hereby agrees with the Company (in the absence of a change of law or an administrative determination or judicial ruling to
the contrary) to characterize this Security for all U.S. federal income tax purposes as a pre-paid derivative contract with respect to the JPY/USD Exchange Rate. 
 8. Payment 
 Payment of any amount payable on this Security will be made in such coin or currency of
the United States of America as at the time of payment is legal tender for payment of public and private debts. Payment will be made to an account designated by the Holder (in writing to the Company and the Trustee on or before the applicable
Valuation Date) and acceptable to the Company or, if no such account is designated and acceptable as aforesaid, at the office or agency of the Company maintained for that purpose in The City of New York, provided, however, that
payment on the Maturity Date or any Redemption Date shall be made only upon surrender of this Security at such office or agency (unless the Company waives surrender). Notwithstanding the foregoing, if this Security is a Global Security, any payment
may be made pursuant to the Applicable Procedures of the Depositary as permitted in said Indenture. 
  

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 –7– 

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

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 –8– 

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

			
	BARCLAYS BANK PLC
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	By:	 	  

	Name:	 	
	Title:	 	

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

Dated: 
  

			
	THE BANK OF NEW YORK
		
	By:	 	  

	Name:	 	
	Title:	 	

  

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 –9– 

 (Reverse of Security) 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”) issued and to be issued in one or more series under an Indenture, dated as of
September 16, 2004 (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York, as Trustee (herein called the “Trustee,”
which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee, the Holders
of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Insofar as the provisions of the Indenture may conflict with the provisions set forth on the face of this Security, the latter shall
control for purposes of this Security. 
 This Security is one of the series designated on the face hereof, limited to an aggregate initial offering price
not to exceed $10,000,000,000 (or the equivalent thereof in any other currency or currencies or currency units), which amount may be increased at the option of the Company if in the future it determines that it may wish to sell additional Securities
of this series. References herein to “this series” mean the series designated on the face hereof. 
 Payments under the Securities will be
made without deduction or withholding for, or on account of, any and all present or future income, stamp and other taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Taxes”) now or hereafter imposed, levied,
collected, withheld or assessed by or on behalf of the United Kingdom or any political subdivision or authority thereof or therein having the power to tax (each a “Taxing Jurisdiction”), unless such deduction or withholding is
required by law. If any such Taxes are at any time required by a Taxing Jurisdiction to be deducted or withheld, the Company will, subject to the exceptions and limitations set forth in Section 10.04 of the Indenture, pay such additional
amounts of the principal of such Security and any other amounts payable on such Security (“Additional Amounts”) as may be necessary in order that the net amounts paid to the Holder of any Security, after such deduction or
withholding, shall equal the amounts of the principal of such Security and any other amounts payable on such Security which would have been payable in respect of such Security had no such deduction or withholding been required. 
 If at any time the Company determines that as a result of a change in or amendment to the laws or regulations of a Taxing Jurisdiction (including any treaty to which
such Taxing Jurisdiction is a party), or a change in an official application or interpretation of such laws or regulations (including a decision of any court or tribunal), either generally or in relation to any particular Securities, which change,
amendment, application or interpretation becomes effective on or after the Original Issue Date in making any payment of, or in respect of, the principal amount of the Securities, the Company would be required to pay any Additional Amounts with
respect thereto, then the Securities will be redeemable upon not less than 35 nor more than 60 days’ notice by mail, at any time thereafter, in whole but not in part, at the election of the Company as provided in the Indenture at a redemption
price equal to the principal amount thereof. 
  

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 –10– 

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of
the Securities at the time Outstanding of all series to be affected (considered together as one class for this purpose). The Indenture also contains provisions (i) permitting the Holders of a majority in aggregate principal amount of the
Securities at the time Outstanding of all series to be affected under the Indenture (considered together as one class for this purpose), on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain
provisions of the Indenture and (ii) permitting the Holders of a majority in aggregate principal amount of the Securities at the time Outstanding of any series to be affected under the Indenture (with each such series considered separately for
this purpose), on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have any right to institute any proceeding, judicial
or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect
to the Securities of this series, the Holders of not less than 25% in aggregate principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request, and the Trustee shall not have received from the Holders of a majority in principal
amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing
shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof on or after the respective due dates expressed herein. 
  

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 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the
obligation of the Company, which is absolute and unconditional, to pay the principal of this Security as herein provided. 
 As provided in the Indenture and
subject to certain limitations therein set forth, the transfer of this Security is registrable in the Senior Debt Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place
where the principal of this Security is payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Senior Debt Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing. Thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 This Security, and any other Securities of this series and of like tenor, are issuable only in registered form without coupons in denominations of any multiple of $50.
As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the
Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of
this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be
overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 This Security and the Indenture shall be
governed by and construed in accordance with the laws of the State of New York. 
  

 –12–Amendment No. 3 to the Bridge Credit Agreement

 Exhibit 10.34 
 AMENDMENT NO. 3 TO THE 
 BRIDGE CREDIT AGREEMENT 
 Dated as of December 20, 2007 
 AMENDMENT NO. 3 TO THE BRIDGE CREDIT AGREEMENT among Jabil Circuit, Inc., a Delaware corporation (the “Borrower”), the banks, financial institutions and other institutional lenders parties to the Credit Agreement
referred to below (collectively, the “Lenders”) and Citicorp North America, Inc., as agent (the “Agent”) for the Lenders. 
 PRELIMINARY STATEMENTS: 
 (1) The Borrower, the Lenders and the Agent have entered into a Bridge
Credit Agreement dated as of December 21, 2006, as amended by the Letter Amendment and Waiver dated as of January 11, 2007 and the Letter Amendment and Waiver dated as of May 2, 2007 (such Credit Agreement, as so amended, the
“Credit Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as specified in the Credit Agreement. 
 (2) The Borrower and the Lenders have agreed to further amend the Credit Agreement as hereinafter set forth. 
 SECTION 1. Amendments to Credit Agreement. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 2, hereby amended as follows: 
 (a) The definitions of “Applicable Margin”, “Applicable Percentage” and “Termination Date” in
Section 1.01 are amended in full to read as follows: 
 “Applicable Margin” means as of any date, a
percentage per annum determined by reference to the Public Debt Rating in effect on such date as set forth below, provided that the Applicable Margin shall be increased on and after March 20, 2008 by 0.25% per annum: 
  

							
	 Public Debt Rating S&P/Moody’s
	  	 Applicable Margin for
 Base Rate Advances
	 	 	 Applicable Margin for
 Eurodollar Rate Advances
	 
	 Level 1
 BBB or Baa2 or above
	  	0.300	%	 	1.300	%
	 Level 2
 BBB- or Baa3
	  	0.375	%	 	1.375	%
	 Level 3
 BB+ and Baa3 or BBB- and Ba1
	  	0.500	%	 	1.500	%
	 Level 4
 BB+ or Ba1
	  	0.625	%	 	1.625	%
	 Level 5
 BB or Ba2
	  	1.000	%	 	2.000	%
	 Level 6
 Lower than Level 5
	  	1.500	%	 	2.500	%

 “Applicable Percentage” means, as of any date a percentage per
annum determined by reference to the Public Debt Rating in effect on such date as set forth below, provided that the Applicable Percentage shall be increased on and after March 20, 2008 by 0.05% per annum: 

				
	 Public Debt Rating S&P/Moody’s
	  	 Applicable
 Percentage
	 
	 Level 1
 BBB or Baa2 or above
	  	0.150	%
	 Level 2
 BBB- or Baa3
	  	0.175	%
	 Level 3
 BB+ and Baa3 or BBB- and Ba1
	  	0.200	%
	 Level 4
 BB+ or Ba1
	  	0.225	%
	 Level 5
 BB or Ba2
	  	0.300	%
	 Level 6
 Lower than Level 5
	  	0.550	%

 “Termination Date” means the earlier of June 17, 2008 and
the date of termination in whole of the Commitments pursuant to Section 2.04 or 6.01. 
 (b) Section 2.01 is amended by deleting
therefrom the proviso at the end thereof. 
 (c) Section 2.03 is amended by adding to the end thereof a new clause (c) to read as
follows: 
 (c) Extension Fee. The Borrower agrees to pay to the Agent for the account of each Lender on March 20,
2008 a fee equal to 0.625% of such Lender’s Commitment in effect on such date. 
 (d) Section 2.04(b) is deleted in full.

 (e) Section 2.09(b) is deleted in full. 
 (f) Section 2.16 is amended in full to read as follows: 
 SECTION 2.16. Use of
Proceeds. The proceeds of the Advances shall be available (and the Borrower agrees that it shall use such proceeds) solely for general corporate purposes of the Borrower and its Subsidiaries. 
 (g) Section 3.03(a) is amended by adding to the end thereof a new clause (iii) to read as follows: 
 (iii) the commitments of the lenders under the Borrower’s Amended and Restated Five Year Credit Agreement dated as of July 19,
2007 have been fully drawn. 
 (h) Section 4.01(e) is amended in full to read as follows: 
 (e) The Consolidated balance sheet of the Borrower and its Subsidiaries as at August 31, 2007, and the related Consolidated
statements of income and cash flows of the Borrower and its Subsidiaries for the fiscal year then ended, accompanied by an opinion of KPMG LLP, independent public accountants, copies of which have been furnished to each Lender, fairly present, other
than as disclosed to the Lenders prior to the date hereof, the Consolidated financial condition of the Borrower and its Subsidiaries as at such dates and the Consolidated results of the operations of the Borrower and its Subsidiaries for the periods
ended on such dates, all in accordance with United States generally accepted accounting principles consistently applied. Since August 31, 2007, there has been no Material Adverse Change other than as disclosed to the Lenders prior to the date
hereof. 
  

 2 

 (i) Section 4.01(i) is amended in full to read as follows: 
 (i) No information, exhibit or report furnished by or on behalf of the Borrower to the Agent or any Lender pursuant to the terms of this
Agreement contained any untrue statement of a material fact or omitted to state a material fact necessary to make the statements made therein not misleading, other than as disclosed to the Lenders prior to the date hereof. 
 (j) Schedule I is amended in full to read as set forth as Schedule A to this Amendment. 
 SECTION 2. Conditions of Effectiveness. This Amendment shall become effective as of the date first above written when, and only when, on or before
December 20, 2007 the Agent shall have received counterparts of this Amendment executed by the Borrower and all of the Lenders, and the Agent shall have additionally received all of the following documents, each such document (unless otherwise
specified) dated the date of receipt thereof by the Agent (unless otherwise specified) and in sufficient copies for each Lender, in form and substance satisfactory to the Agent (unless otherwise specified) and in sufficient copies for each Lender:

 (a) Certified copies of the resolutions of the Board of Directors of the Borrower approving this Amendment and all documents evidencing
other necessary corporate action and governmental approvals, if any, with respect to this Amendment. 
 (b) A certificate of the Secretary or
an Assistant Secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign this Amendment and the other documents to be delivered hereunder. 
 (c) Favorable opinions of Holland & Knight LLP, counsel for the Borrower, and the general counsel of the Borrower, substantially in the form of
Exhibits D-1 and D-2 to the Credit Agreement, respectively, and as to such other matters as any Lender through the Agent may reasonably request. 
 (d) A certificate signed by a duly authorized officer of the Borrower stating that no event has occurred and is continuing. 
 This Amendment is subject to the provisions of Section 8.01 of the Credit Agreement. 
 SECTION 3.
Representations and Warranties of the Borrower. The Borrower represents and warrants as follows: 
 (a) The Borrower is
a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. 
 (b) The
execution, delivery and performance by the Borrower of this Amendment, and the consummation of the transactions contemplated hereby, are within the Borrower’s corporate powers, have been duly authorized by all necessary corporate action, and do
not contravene (i) the Borrower’s charter or by-laws or (ii) any material law or any material contractual restriction binding on or affecting the Borrower. 
 (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or any
other third party is required for the due execution, delivery and performance by the Borrower of this Amendment. 
 (d) This
Amendment has been duly executed and delivered by the Borrower. The Credit Agreement, as amended hereby, is the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with their respective terms, except as
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by
proceedings in equity or law). 
  

 3 

 (e) The Consolidated balance sheet of the Borrower and its Subsidiaries as at
August 31, 2007, and the related Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for the fiscal year then ended, accompanied by an opinion of KPMG LLP, independent public accountants, copies of which have
been furnished to each Lender, fairly present, other than as disclosed to the Lenders prior to the date hereof, the Consolidated financial condition of the Borrower and its Subsidiaries as at such dates and the Consolidated results of the operations
of the Borrower and its Subsidiaries for the periods ended on such dates, all in accordance with United States generally accepted accounting principles consistently applied. Since August 31, 2007, there has been no Material Adverse Change other
than as disclosed to the Lenders prior to the date hereof. 
 (f) There is no pending or, to the Borrower’s knowledge,
overtly threatened action, suit, investigation, litigation or administrative or judicial proceeding, including, without limitation, any Environmental Action, affecting the Borrower or any of its Subsidiaries before any court, governmental agency or
arbitrator that (i) could be reasonably likely to have a Material Adverse Effect (other than the Disclosed Litigation), and there has been no material adverse change in the status, or financial effect on the Borrower or any of its Subsidiaries,
of the Disclosed Litigation from that described on Schedule 3.01(b) hereto or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions contemplated hereby.

 (g) No information, exhibit or report furnished by or on behalf of the Borrower to the Agent or any Lender in connection
with the negotiation of this Amendment or pursuant to the terms of the Credit Agreement contained any untrue statement of a material fact or omitted to state a material fact necessary to make the statements made therein not misleading, other than as
disclosed to the Lenders prior to the date hereof. 
 SECTION 4. Reference to and Effect on the Credit Agreement and the Notes.
(a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference
in the Notes to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement, as amended by this Amendment. 

(b) The Credit Agreement and the Notes, as specifically amended by this Amendment, are and shall continue to be in full force and effect and are
hereby in all respects ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as
expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Agent under the Credit Agreement, nor constitute a waiver of any provision of the Credit Agreement. 
 SECTION 5. Costs and Expenses. The Borrower agrees to pay on demand all costs and expenses of the Agent in connection with the preparation,
execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered hereunder (including, without limitation, the reasonable fees and expenses of counsel for the Agent) in
accordance with the terms of Section 8.04 of the Credit Agreement. 
 SECTION 6. Execution in Counterparts. This Amendment may be
executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement.
Delivery of an executed counterpart of a signature page to this Amendment by telecopier shall be effective as delivery of a manually executed counterpart of this Amendment. 
  

 4 

 SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with,
the laws of the State of New York. 
 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first above written. 
  

			
	JABIL CIRCUIT, INC.
		
	By	 	 /s/ Sergio A. Cadavid

	Name:	 	Sergio A. Cadavid
	Title:	 	Treasurer
	
	 CITICORP NORTH AMERICA, INC.,
 as Agent
and as Lender

		
	By	 	 /s/ Kevin Ege

	Name:	 	Kevin Ege
	Title:	 	Vice President
	
	JPMORGAN CHASE BANK, N.A.
		
	By	 	 /s/ Brian McDougal

	Name:	 	Brian McDougal
	Title:	 	Vice President
	
	THE ROYAL BANK OF SCOTLAND PLC
		
	By	 	 /s/ Eddie Dec

	Name:	 	Eddie Dec
	Title:	 	Senior Vice President
	
	ABN AMRO BANK N.V.
		
	By	 	 /s/ Donald Sutton

	Name:	 	Donald Sutton
	Title:	 	Managing Director
		
	By	 	 /s/ Patricia Christy

	Name:	 	Patricia Christy
	Title:	 	Director
	
	SUNTRUST BANK
		
	By	 	 /s/ Robert W. Maddox

	Name:	 	Robert W. Maddox
	Title:	 	Vice President

  

 5 

 SCHEDULE A TO AMENDMENT 
 SCHEDULE I 
 JABIL CIRCUIT, INC. 
 BRIDGE CREDIT AGREEMENT 
 APPLICABLE LENDING OFFICES 
  

							
	 Name of Initial Lender
	  	 Commitment
	  	 Domestic Lending Office
	  	 Eurodollar Lending Office

	Citicorp North America, Inc.	  	$70,000,000	  	 2 Penns Way, Suite 200
 New Castle, DE
19720
 Attn: Christina Quezon
 T: 302 894-6037
 F: 212 994-0961
	  	 2 Penns Way, Suite 200
 New Castle, DE
19720
 Attn: Christina Quezon
 T: 302 894-6037
 F: 212 994-0961

				
	JPMorgan Chase Bank, N.A.	  	$70,000,000	  	 One Bank One Plaza
 Mail Code IL1-0010
 Chicago, IL 60670
 Attn: Tess Siao
 T: 312 385-7051
 F: 312 385-7097
	  	 One Bank One Plaza
 Mail Code IL1-0010
 Chicago, IL 60670
 Attn: Tess Siao
 T: 312 385-7051
 F: 312 385-7097

				
	The Royal Bank of Scotland plc	  	$34,000,000	  	 101 Park Avenue
 New York, NY 10178
 Attn: Brett Hudak
 T: 212 401-1439
 F: 212 401-1494
	  	 101 Park Avenue
 New York, NY 10178
 Attn: Brett Hudak
 T: 212 401-1439
 F: 212 401-1494

				
	ABN AMRO Bank N.V.	  	$13,000,000	  	 540 West Madison Street
 Suite 2100
 Chicago, IL
 Attn: Loan Administration
 T: 312 992-5152
 F: 312 992-5157
	  	 540 West Madison Street
 Suite 2100
 Chicago, IL
 Attn: Loan Administration
 T: 312 992-5152
 F: 312 992-5157

				
	SunTrust Bank	  	$13,000,000	  	 200 South Orange Avenue
 Orlando, FL 32812

Attn: Lois Keezel
 T: 407 237-4855
 F: 407 237-5342
	  	 200 South Orange Avenue
 Orlando, FL 32812

Attn: Lois Keezel
 T: 407 237-4855
 F: 407 237-5342

				
	Total of Commitments:	  	$200,000,000	  		  	

  

 6

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