Document:

Share Exchange Agreement

 Exhibit 4.1 

(Translation) 
 Share Exchange Agreement 
 Nidec Corporation (“Nidec”) and Nidec Sankyo
Corporation (“Nidec Sankyo”) hereby enter into this Share Exchange Agreement (this “Agreement”). 
 Article 1: Share
Exchange 
 Nidec and Nidec Sankyo shall execute a share exchange (the “Share Exchange”) with Nidec becoming the wholly-owning
parent company of Nidec Sankyo and Nidec Sankyo becoming the wholly-owned subsidiary of Nidec in accordance with this Agreement, and Nidec will acquire all outstanding shares of Nidec Sankyo pursuant to the Share Exchange. 

Article 2: Trade Names and Addresses of Nidec and Nidec Sankyo 
 The trade names and addresses of Nidec and Nidec Sankyo are as set forth below. 
  

	(1)	Nidec 

  

	 	1.	Trade name: Nidec Corporation 

	 	2.	Address: 338 Tonoshiro-cho, Kuze, Minami-ku, Kyoto 

  

	(2)	Nidec Sankyo 

  

	 	1.	Trade name: Nidec Sankyo Corporation 

	 	2.	Address: 5329 Shimosuwa-machi, Suwa-gun, Nagano 

Article 3: Effective Date 
 The effective
date of the Share Exchange shall be October 1, 2012; provided, however, that the effective date may be modified following consultations by Nidec and Nidec Sankyo if necessary based on the progress of the Share Exchange procedures in accordance
with Article 790 of the Companies Act. In this case, Nidec Sankyo shall give public notice of the modified effective date by the day before the pre-modification effective date (if the modified effective date is before the pre-modification effective
date, then the modified effective date). 
 Article 4: Matters relating to the Number of Shares Granted and Allocation of Shares Pursuant to
the Share Exchange 
  

	1.	When executing the Share Exchange, in exchange for Nidec Sankyo common stock, Nidec shall grant Nidec common stock equal to the number of Nidec Sankyo common shares
owned times 0.068 (fractions less than one share shall be rounded down) to Nidec Sankyo shareholders of record (excluding Nidec; referred to as “Shareholders at the Reference Time”) immediately prior to the acquisition of all Nidec Sankyo
issued shares by Nidec pursuant to the Share Exchange (the “Reference Time”). 

  

	2.	When executing the Share Exchange, Nidec shall allocate to Shareholders at the Reference Time 0.068 shares of Nidec common stock for each one share of Nidec Sankyo
common stock owned. 

  

	3.	When executing the Share Exchange, if any fractional shares of less than one share of Nidec common stock are allocated to Shareholders at the Reference Time, they shall
be handled in accordance with Article 234 of the Companies Act. 

 Article 5: Matters relating to Capital and Reserves 

The amounts of Nidec’s capital and reserves to be increased in conjunction with the Share Exchange are set forth below. 

 

			
	 (1)    Capital:
	 	Zero (0) yen
	 (2)    Capital reserves:
	 	Amount of change in shareholder’s equity specified in Article 39 of the Corporate Accounting Rules
	 (3)    Retained earnings reserve:
	 	Zero (0) yen

 Article 6: Approval Procedures 
  

	1.	Pursuant to Article 796, Paragraph 3 of the Companies Act, Nidec shall execute the Share Exchange without obtaining approval of this Agreement by resolution of its
general shareholders meeting; provided, however, that if approval of Nidec’s general shareholders meeting is required pursuant to Article 796, Paragraph 4 of the Companies Act, Nidec shall seek approval of this Agreement and the adoption of
resolutions concerning necessary matters from its general shareholders meeting by the day before the effective date. 

  

	2.	Nidec Sankyo shall seek approval of this Agreement and the adoption of resolutions concerning matters necessary for the Share Exchange at its ordinary general
shareholders meeting scheduled for June 18, 2012; provided, however, that this may be modified following consultations between Nidec and Nidec Sankyo if necessary according to the progress of the Share Exchange procedures.

 Article 7: Handling of Treasury Shares 
 Nidec Sankyo shall cancel all treasury shares (including any treasury shares acquired from dissenting shareholders exercising their purchase demand rights in connection with the Share Exchange pursuant to
Article 785, Paragraph 1 of the Companies Act) that it holds as of the Reference Time effective as of the Reference Time by resolution of the Nidec Sankyo board of directors adopted at a meeting to be held by the day before the effective date.

 Article 8: Management of Corporate Assets 
 Nidec and Nidec Sankyo shall conduct operations and manage and administer their assets with the due care of a good manager from the day of execution of this Agreement until the day before the effective
date of the Share Exchange, and any conduct that will have a material impact on those assets and rights and duties shall be performed following discussions by and agreement between Nidec and Nidec Sankyo. 

Article 9: Modification of the Share Exchange Conditions and Cancellation of this Agreement 

If during the period from the date of execution of this Agreement until the day before the effective date of the Share Exchange any material changes to
the assets or management status of Nidec or Nidec Sankyo occur, any circumstances that would materially impede execution of the Share Exchange occur, or it otherwise becomes difficult to achieve the objectives of this Agreement, following
discussions by Nidec and Nidec Sankyo, the share exchange conditions may be modified or this Agreement may be canceled. 

 Article 10: Effectiveness of this Agreement 
 If any lawful institutional decisions of Nidec or Nidec Sankyo specified in Article 6 or permits, licenses, registrations, approvals, and the like from the competent authorities necessary for the
execution of the Share Exchange cannot be obtained, this Agreement shall cease to be effective. 
 Article 11: Consultation Matters

 Further to the provisions of this Agreement, Nidec and Nidec Sankyo shall engage in consultations and make a determination in accordance
with the intent of this Agreement concerning any necessary matters relating to the Share Exchange. 
 IN WITNESS WHEREOF, this Agreement shall
be prepared in duplicate, and following execution by Nidec and Nidec Sankyo, each shall retain one copy. 
 April 24, 2012 

 

			
	Nidec:	 	
		
		 	Nidec Corporation
		 	338 Tonoshiro-cho, Kuze, Minami-ku, Kyoto
		 	By: Shigenobu Nagamori, president and representative director
	
	Nidec Sankyo:
		
		 	Nidec Sankyo Corporation
		 	5329 Shimosuwa-machi, Suwa-gun, Nagano
		 	By: Kazuyoshi Yasukawa, president and representative directorIncentive Compensation Plan

 EXHIBIT 10.1 
 Incentive Compensation Plan 
 On June 14, 2012, the Company adopted a compensation
plan for the fiscal year ending August 25, 2012 that provides for an aggregate amount of incentive cash compensation to be available for distribution to employees of the Company, including its executive officers. The aggregate amount
distributable under such plan will be based on the Company’s operating income, prior to any incentive plan accrual, for fiscal year ending August 25, 2012. Amounts ultimately paid under the plan to employees, including executive officers,
would be at the discretion of the Compensation Committee of the Board of Directors (the “Committee”). The Committee’s determination and payment of any amounts under the plan likely would be made in November 2012, in connection with
the completion of the audited financial statements of the Company. The maximum amounts that could be paid to any executive officer under the plan has been set as a percentage of such officer’s base salary for the 2012 fiscal year. For the Chief
Executive Officer that percentage is 100% of base salary and for each of the other executive officers that percentage is 80% of base salary.Exhibit 4.1

 EX 4.1 
 TOTAL CAPITAL INTERNATIONAL 
 Officer’s Certificate 

Pursuant to Sections 102 and 301 of the Indenture 
 I, Humbert de Wendel, the Président-Directeur Général of Total Capital International, a société anonyme duly organized and existing under the laws of the
Republic of France (the “Company”), hereby certify that: 
 1. on June 21, 2012, I, as duly appointed
Président-Directeur Général, acting in accordance with article L. 228-40 of the French Code de commerce and pursuant to the resolution of the Board of Directors of the Company dated December 15, 2011, decided
the issuance by the Company of US$ 1,500,000,000 principal amount of 1.550% Guaranteed Notes Due 2017 (the “Notes”), the terms of which are in conformity with the provisions set forth in the Indenture dated February 17, 2012, among
the Company, TOTAL S.A. and The Bank of New York Mellon, as trustee (the “Indenture”), and consist of the following: 
 (a) the
Company may issue Securities of the same series as either series of the Notes without the consent of the holders of such Notes; any Securities so issued will have the same terms as the Notes in all respects, except for the original interest accrual
date and the first interest payment date, as the case may be, so that such Securities will be consolidated and form a single series with the Notes; 
 (b) the Notes shall have such other terms and provisions as are provided in the form thereof set forth in Annex A hereto, and shall be issued in substantially such form; 

2. all conditions precedent provided for in the Indenture (including any covenants compliance with which constitutes a condition precedent) relating to
the authentication and delivery of the Notes, as requested in the accompanying Company Order of even date herewith, have been complied with. 

 The following statements are made pursuant to the provisions of Section 102 of the Indenture:

  

	(a)	the undersigned has read the provisions of the Indenture setting forth the covenants and conditions relating to the authentication and delivery of the Notes and in
respect of compliance with which this certificate is being delivered, and the definitions in the Indenture relating thereto; 

  

	(b)	the undersigned has examined the resolutions of the Board of Directors of the Company, such other corporate records of the Company, and such other documents deemed
necessary as a basis for the opinion hereinafter expressed; 

  

	(c)	in the opinion of the undersigned, such examination is sufficient to enable me to express an informed opinion as to whether or not the covenants and conditions referred
to above have been complied with; and 

  

	(d)	the undersigned is of the opinion that such covenants and conditions have been complied with. 

 Capitalized terms used herein and not otherwise defined herein shall have the meanings given to them in the Indenture. 

 IN WITNESS WHEREOF, I have hereunto signed my name. 

 

							
	Dated: June 28, 2012	 	  	 	 /s/ Humbert de Wendel

		 		 	Name:	 	Humbert de Wendel
		 		 	Title:	 	Chairman and Chief Executive Officer

  
  
  

 
  
  

 Annex A 
 Form of Global Note 

 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 OF A DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE
REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF 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. 
 TOTAL
CAPITAL INTERNATIONAL 
 1.550% GUARANTEED NOTE DUE
2017 
  

			
	No. [—]	  	 U.S.$ [—]

CUSIP 89153V AC3

ISIN US89153VAC37

 TOTAL CAPITAL INTERNATIONAL, a société
anonyme duly organized and existing under the laws of the Republic of France with a capital of €300,000 having its registered office at 2, place Jean Millier, La Défense, 92400 Courbevoie, France, for a term that will expire on
December 13, 2103, with the Registry of Commerce and Companies (Registre du commerce et des sociétés) of Nanterre under No. 479 858 854 (herein called the “Company”, which term includes any successor or
substitute corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of [•] (U.S.$ [•]) on
June 28, 2017, and to pay interest thereon from June 28, 2012 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on June 28 and December 28 in each year, commencing
December 28, 2012, at the rate of 1.550% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such
Indenture, be paid to the 

 
Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the June 13 and
December 13 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record
Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee,
notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on
which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 If any deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority thereof or therein) in
which the Company is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority thereof or therein) in respect of any amounts to be paid by the Company of principal of or interest on a
Security of any series, then the Company will pay to the Holder of a Security of such series such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security, after such deduction or withholding, shall
be not less than the amounts specified in such Security to which such Holder is otherwise entitled; provided, however, that the Company shall not be required to make any payment of additional amounts for or on account of: 

(a) any tax, assessment or other governmental charge which would not have been imposed but for (i) the existence of any present or
former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or
any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen
or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of such series (where presentation is required) for
payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(b) any estate, inheritance, gift, sale, transfer, personal property or similar tax, assessment or other governmental charge; 

(c) any tax, assessment or other governmental charge that is payable otherwise than by withholding from payments of (or in respect of)
principal of, or any interest on, the Securities of such series; 

 (d) any tax, assessment or other governmental charge that is imposed or withheld by reason
of the failure by the Holder or the beneficial owner of the Security of such series (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any declaration or
other similar claim or satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of the taxing jurisdiction as a precondition to
exemption from all or part of such tax, assessment or other governmental charge; 
 (e) any tax, assessment or other
governmental charge which such Holder would have been able to avoid by presenting such Security to another Paying Agent; 
 (f)
any tax, assessment or other governmental charge which is imposed on a payment pursuant to the European Union Directive 2003/48/EC regarding the taxation of savings income or any other directive amending, supplementing or replacing such directive,
or any law implementing or complying with, or introduced in order to conform to, such directive or directives; or 
 (g) any
combination of items (a), (b), (c), (d), (e) and (f) above; nor shall additional amounts be paid with respect to any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or
partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for
tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been entitled to such additional amounts had it been the Holder of such Security. 

The foregoing provisions shall apply mutatis mutandis to any withholding or deduction in respect of any amount to be paid by the
Company of principal of or interest on a Security of any series (i) for or on account of any present or future taxes, assessments or governmental charges of whatever nature of any jurisdiction in which any successor or substitute Person to the
Company is organized, or any political subdivision or taxing authority thereof or therein; or (ii) if another Person merges into or transfers its assets to the Company pursuant to Section 801, for or on account of any taxes, assessments or
governmental charges levied by the jurisdiction in which such other Person is organized, or by any political subdivision or taxing authority thereof, as a result of (x) the Company’s being treated as engaged in a trade or business, or
having a permanent establishment, in such jurisdiction and (y) the payment of principal or interest being allocable or attributable to such trade or business or permanent establishment. 

Payment of the principal of (and premium, if any) and interest on this Security will be made at the Corporate Trust Office of the
Trustee, as Paying Agent, in The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the
Company payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. 

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

 IN WITNESS WHEREOF, the Company has caused this
instrument to be duly executed. 
 Dated: June 28, 2012 

 

			
	TOTAL CAPITAL INTERNATIONAL
		
	By	 	  

		 	Name: Humbert de Wendel
		 	Title: Chairman and Chief Executive Officer

 Attest: 
  

			
		 	  

		 	Name: Andrew Zdrahal
		 	Title: Company Secretary

 Trustee’s Certificate of Authentication 

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

Dated: June 28, 2012 
  

			
	 THE BANK OF NEW YORK MELLON,

	 as Trustee

		
	 By
	 	  

	
	 Authorized Signatory

 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 outside France in one or more series under an Indenture, dated as of February 17, 2012 (herein called the “Indenture”), among the Company, as issuer, TOTAL S.A., as Guarantor (herein called the “Guarantor”), and The
Bank of New York Mellon, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights, limitation of rights, duties and immunities thereunder of the Company, the Guarantor, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This
Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to U.S.$ 1,500,000,000. 
 The Securities of this series are subject to redemption upon not less than 30 nor more than 60 days’ notice by mail, as a whole or in part, at any time and from time to time at a redemption price
(the “Optional Mark-Whole Redemption Price”) equal to the greater of (i) 100% of the principal amount of the notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and
interest on the Securities to be redeemed (not including any portion of payments of interest accrued to the date of redemption (the “Redemption Date”)) discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, plus accrued and unpaid interest to the Redemption Date. 
 For purposes of determining the Optional Make-Whole Redemption Price, the following definitions are applicable. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semi-annual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means the U.S. Treasury security or securities selected by the Quotation Agent as having an actual
or interpolated maturity comparable to the remaining term of the Securities of this series to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such Securities. 
 “Comparable Treasury Price” means, with
respect to any Redemption Date, the average of the Reference Treasury Dealer Quotations for such Redemption Date. 

 “Quotation Agent” means one of the Reference Treasury Dealers appointed by Total
Capital International and TOTAL S.A. 
 “Reference Treasury Dealer” means each of Barclays Capital Inc., Morgan
Stanley & Co. LLC and RBS Securities Inc. or its affiliates which are primary U.S. government securities dealers, and its respective successors, and three other primary U.S. government securities dealers selected by Total Capital
International and TOTAL S.A., provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “primary treasury dealer”), Total Capital International and TOTAL S.A.
shall substitute therefore another primary treasury dealer. 
 “Reference Treasury Dealer Quotations” means with
respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Quotation Agent by such Reference Treasury Dealer at 3:30 p.m. New York time on the third Business Day preceding such Redemption Date. 
 Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 “Business Day” shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking or trust institutions in The City of New York are authorized generally or
obligated by law, regulation or executive order to close. 
 If an Event of Default with respect to Securities of this series
shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 In the event of redemption of this Security in part only, a new Security or Securities of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the
cancellation hereof. 
 This Security is also redeemable prior to Stated Maturity as permitted under Section 1108
(“Optional Redemption Due to Changes in Tax Treatment”); the date specified for the Securities of this series, for the purpose of said Section 1108, is June 28, 2012. 

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 Guarantor and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company, the Guarantor and the Trustee with the consent of the Holders of a majority in
principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time
Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company or the Guarantor, or both, with certain provisions of the Indenture and 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 the right to institute any proceeding 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 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, 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 or any premium or interest hereon on or after the respective due dates expressed or provided for herein. 
 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
(and premium, if any) and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the 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 (and premium, if any) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will
be issued to the designated transferee or transferees. 
 The Securities of this series are issuable only in registered form
without coupons in denominations of U.S.$ 2,000 and any integral multiple of U.S. $1,000. 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 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 Guarantor, the Trustee and any agent of the
Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes (subject to Section 307 of the Indenture), whether or not this Security be overdue, and neither the
Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 
 The Indenture provides
that the Company and the Guarantor, at the Guarantor’s option, (a) will be discharged from any and all obligations in respect of the Securities (except for certain obligations to register the transfer or exchange of Securities, replace
stolen, lost or mutilated Securities, maintain paying agencies and hold moneys for payment in trust) or (b) need not comply with certain restrictive covenants of the Indenture, in each case if the Company or the Guarantor deposits, in trust,
with the Trustee money or U.S. Government Obligations which, through the payment of interest thereon and principal thereof in accordance with their terms, will provide money, in an amount sufficient to pay all the principal (including any mandatory
sinking fund payments) of, and premium, if any, and interest on, the Securities on the dates such payments are due in accordance with the terms of such Securities and Guarantee, and certain other conditions are satisfied. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

 GUARANTEE OF TOTAL S.A. 

For value received, TOTAL S.A., a société anonyme duly organized and existing under the laws of the Republic of
France (herein called the “Guarantor”, which term includes any successor corporation under the Indenture referred to in the Security upon which this Guarantee is endorsed), hereby unconditionally guarantees to the Holder of the Security
upon which this Guarantee is endorsed and to the Trustee referred to in such Indenture due and prompt payment of the principal of (and premium, if any) and interest (including additional amounts) on such Security, when and as the same shall become
due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, according to the terms thereof and of the Indenture referred to therein. In case of the failure of Total Capital International, a
société anonyme duly organized and existing under the laws of the Republic of France (herein called the “Company”, which term includes any successor corporation under such Indenture) punctually to make any such
principal, premium or interest (including additional amounts) payment, the Guarantor hereby agrees to cause any such payment to be made promptly when and as the same shall become due and payable, whether at the Stated Maturity, by declaration of
acceleration, call for redemption or otherwise, and as if such payment were made by the Company. 
 The Guarantor hereby further
agrees, subject to the limitations and exceptions set forth below, that if any deduction or withholding for any present or future taxes, assessments or other governmental charges of the jurisdiction (or any political subdivision or taxing authority
thereof or therein) in which the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any such political subdivision or taxing authority thereof or therein) in respect of any amounts to be paid by the Guarantor under
this Guarantee, the Guarantor will pay to the Holder of a Security of such series such additional amounts as may be necessary in order that the net amounts paid to such Holder of such Security, after such deduction or withholding, shall be not less
than the amounts specified in such Security to which such Holder is otherwise entitled; provided, however, that the Guarantor shall not be required to make any payment of additional amounts for or on account of: 

(a) any tax, assessment or other governmental charge which would not have been imposed but for (i) the existence of any present or
former connection between such Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder, if such Holder is an estate, trust, partnership or corporation) and the taxing jurisdiction or
any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen
or resident thereof or being or having been present or engaged in trade or business therein or having or having had a permanent establishment therein or (ii) the presentation of a Security of such series (where presentation is required) for
payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

 (b) any estate, inheritance, gift, sale, transfer, personal property or similar tax,
assessment or other governmental charge; 
 (c) any tax, assessment or other governmental charge that is payable otherwise than
by withholding from payments of (or in respect of) principal of, or any interest on, the Securities of such series; 
 (d) any
tax, assessment or other governmental charge that is imposed or withheld by reason of the failure by the Holder or the beneficial owner of the Security of such series (i) to provide information concerning the nationality, residence or identity
of the Holder or such beneficial owner or (ii) to make any declaration or other similar claim or satisfy any information or reporting requirements, which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation
or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or other governmental charge; 
 (e) any tax, assessment or other governmental charge which such Holder would have been able to avoid by presenting such Security to another Paying Agent; 

(f) any tax, assessment or other governmental charge which is imposed on a payment pursuant to the European Union Directive 2003/48/EC
regarding the taxation of savings income or any other directive amending, supplementing or replacing such directive, or any law implementing or complying with, or introduced in order to conform to, such directive or directives; or 

(g) any combination of items (a), (b), (c), (d), (e) and (f) above; nor shall additional amounts be paid with respect to
any payment of the principal of, or any interest on, any Security of such series to any Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of the
jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who
would not have been entitled to such additional amounts had it been the Holder of such Security. 
 The foregoing provisions
shall apply mutatis mutandis to any withholding or deduction in respect of any amount to be paid by the Guarantor of principal of or interest on a Security of any series (i) for or on account of any present or future taxes, assessments
or governmental charges of whatever nature of any jurisdiction in which any successor to the Guarantor is organized, or any political subdivision or taxing authority thereof or therein; or (ii) if another Person merges into or transfers its
assets to the Guarantor pursuant to Section 801, for or on account of any taxes, assessments or governmental charges levied by the jurisdiction in which such other Person is organized, or by any political subdivision or taxing authority
thereof, as a result of (x) the Guarantor’s being treated as engaged in a trade or business, or having a permanent establishment, in such jurisdiction and (y) the payment of principal or interest being allocable or attributable to
such trade or business or permanent establishment. 

 The Guarantor hereby agrees that its obligations hereunder shall be as if it were principal
debtor and not merely surety, and shall be absolute and unconditional, irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or such Indenture, any failure to enforce the provisions of such
Security or such Indenture, or any waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or such Trustee, or any other circumstance which may otherwise constitute a legal or equitable
discharge of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the consent of the Guarantor, increase the principal amount of such Security or the
interest rate thereon or increase any premium payable upon redemption thereof. The Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to
require a proceeding first against the Company, protest or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged except by payment in full of
the principal of (and premium, if any) and interest on such Security. This Guarantee is a guarantee of payment and not of collection. 
 The Guarantor shall be subrogated to all rights of the Holder of such Security against the Company in respect of any amounts paid to such Holder by the Guarantor pursuant to the provisions of this
Guarantee; provided, however, that the Guarantor shall not be entitled to enforce, or to receive any payments arising out of or based upon, such right of subrogation until the principal of (and premium, if any) and interest on all
Securities of the same series issued under such Indenture shall have been paid in full. 
 No reference herein to such Indenture
and no provision of this Guarantee or of such indenture shall alter or impair the guarantee of the Guarantor, which is absolute and unconditional, of the due and punctual payment of the principal of (and premium, if any) and interest on the Security
upon which this Guarantee is endorsed at the times, place and rate, and in the cash or currency prescribed therein. 
 This
Guarantee shall not be valid or obligatory for any purpose until the certificate of authentication of such Security shall have been manually executed by or on behalf of the Trustee under such Indenture. 

All terms used in this Guarantee which are defined in such Indenture shall have the meanings assigned to them in such Indenture.

 IN WITNESS WHEREOF, the Guarantor has caused this Guarantee to be signed manually or in
facsimile by a person duly authorized in that behalf. 
 Dated: June 28, 2012 

 

			
	TOTAL S.A.
		
	By	 	  

		 	Name: Humbert de Wendel
		 	Title: Treasurer

 Attest: 
  

			
		 	  

		 	Name: Charles Paris de Bollardière
		 	Title: Secretary

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