Document:

Restricted Stock Unit Agreement for Affiliates under the Management Stock

 Exhibit 10.4 
  
 ARAMARK 2001 EQUITY INCENTIVE PLAN 
  
 RESTRICTED STOCK UNIT AGREEMENT UNDER 
 THE MANAGEMENT STOCK PURCHASE PROGRAM 
 (AFFILIATE) 
  
 1. Grant of RSUs. The Company hereby grants the number of Bonus
restricted stock units (“RSUs”) and Matching RSUs listed on the cover page to this Agreement to the Participant, on the terms and conditions hereinafter set forth. This grant is made pursuant to the terms of the ARAMARK 2001 Equity
Incentive Plan (the “Plan”), which Plan, as amended from time to time, is incorporated herein by reference and made a part of this Agreement. Each RSU represents the unfunded, unsecured right of the Participant to receive a share of Class
A or Class B common stock, par value $0.01 per share, (as specified below) of the Company (each a “Share”), on the dates specified herein. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan.

  
 2. Payment of Shares. 
  
 (a) The Company shall, subject to the remainder of this Agreement, transfer
to the Participant a number of shares of Class A Common Stock, par value $0.01 per share, of the Company equal to the number of RSUs granted to the Participant under this Agreement at such times as are set forth on the cover page of this Agreement
under “Date of Transfer” (in whole Shares only with the Participant receiving a cash payment equal to the Fair Market Value of any fractional Share on or about the transfer date). For purposes of this Agreement, the Fair Market Value of
any Share shall equal the Fair Market Value of a share of Class B common stock, par value $0.01 per share, of the Company. 
  
 (b) Notwithstanding Section 2(a) of this Agreement, 
  
 (i) if the Participant’s employment with the Company and its Affiliates terminates due to death or Disability, the Company shall
transfer to the Participant, as soon as practicable following such termination, a number of Shares equal to the aggregate number of outstanding RSUs granted to the Participant under this Agreement. For purposes of this Agreement,
“Disability” shall mean “disability” as defined (i) in any employment, severance or post-employment non-competition agreement then in effect between the Participant and the Company or any Affiliate or (ii) if not defined therein,
or if there shall be no such agreement, as defined in the Company’s long-term disability plan as in effect from time to time, or (iii) if there shall be no plan, the inability of the Participant to perform in all material respects his or her
duties and responsibilities to the Company or any Affiliate for a period of six (6) consecutive months or for an aggregate of nine (9) months in any twenty-four (24) consecutive month period by reason of a physical or mental incapacity. The
determination of the existence of Disability shall be made by the Committee in good faith, which determination shall be conclusive for purposes of this Agreement. 

 (ii) if the Participant’s employment with the Company and its Affiliates terminates
due to Retirement, the Company shall transfer to the Participant, as soon as practicable following such termination, a number of Shares equal to (A) all outstanding Bonus RSUs; (B) all outstanding vested Matching RSUs; and (C) if less than 100% of
the Matching RSUs are transferred to the Participant pursuant to (B) above, an additional number of RSUs equal to the number of Matching RSUs that will vest on the next date of vesting multiplied by a fraction, the numerator of which is the number
of days that the Participant was employed by the Company since the prior date of vesting (or if a date of vesting has not yet occurred, the date of grant), and the denominator of which is 365. All Matching RSUs not described in (B) or (C) above
shall be forfeited and immediately cancelled. For purposes of this Agreement, “Retirement” shall mean the termination of a Participant’s employment with the Company and all of its Affiliated Companies, if at the time of such
termination of employment the Participant has attained age 60; provided that, where such termination of employment is due to a voluntary resignation by the Participant, such termination occurs upon at least 90 days prior written notice to the
Committee of such termination, which waiver will not accelerate the date of transfer; 
  
 (iii) if the Participant’s employment with the Company and its Affiliates terminates for any other reason, the Company shall transfer
to the Participant, as soon as practicable following such termination; a number of Shares equal to (A) all outstanding Bonus RSUs; and (B) all outstanding vested Matching RSUs. All Matching RSUs not described in (B) above shall be forfeited.

  
 In each of the foregoing instances described in this Section
2(b), upon the transfer of Shares to the Participant, in lieu of a fractional Share, the Participant shall receive a cash payment equal to the Fair Market Value of such fractional share on or about the transfer date. 
  
 (c) In the event of a Change in Control, Shares equal to all outstanding RSUs
hereunder shall be distributed to the Participant prior to the Change in Control; provided that the Committee may determine that, in lieu of Shares and/or fractional Shares, the Participant shall receive a cash payment equal to the Fair Market Value
of such Shares (or fractional Shares, as the case may be) on such date. For purposes of this Agreement, “Change in Control” shall mean the occurrence of any of the following events: 
  
 (i) any Person (other than (A) a Person holding securities
representing 10% or more of the combined voting power of the Company’s outstanding securities as of the date that the Company completed its initial public offering of its class B common stock (a “Pre-Existing Shareholder”) or a
transferee of a Pre-Existing Shareholder receiving securities of the Company by reason of death of the Pre-Existing Shareholder pursuant to the terms of a will or trust or through intestacy, (B) the Company, any trustee or other fiduciary holding
securities under an employee benefit plan of the Company, or (C) any company owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company), becomes the Beneficial
Owner, directly or indirectly, of securities of the Company, representing (I) 20% or more of the combined voting power of the Company’s then-outstanding securities and (II) more of the combined voting power of the Company’s
then-outstanding securities than the Pre-Existing Shareholders in the aggregate. 

 (ii) during any period of twenty-four consecutive months individuals who at the beginning
of such period constitute the Board, and any new director (other than a director nominated by any Person (other than the Company) who publicly announces an intention to take or to consider taking actions (including, but not limited to, an actual or
threatened proxy contest) which if consummated would constitute a Change in Control under (i), (iii) or (iv) of this Section 2(c)) whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at
least two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority thereof;

  
 (iii) the consummation of any transaction or
series of transactions resulting in a merger or consolidation in which the Company is involved, other than a merger or consolidation which would result in the shareholders of the Company immediately prior thereto continuing to own (either by
remaining outstanding or by being converted into voting securities of the surviving entity), in the same proportion as immediately prior to the transaction(s), more than 50% of the combined voting power of the voting securities of the Company or
such surviving entity outstanding immediately after such merger or consolidation; 
  
 (iv) the complete liquidation of the Company or the sale or disposition by the Company of all or substantially all of the Company’s
assets; or 
  
 (v) any other transaction so
denominated by the Board. 
  
 (d) Upon each transfer of Shares in
accordance with Sections 2(a), 2(b) or 2(c) of this Agreement, RSUs with respect to which Shares have been transferred hereunder shall be extinguished. Shares transferred in accordance with Section 2(b) shall be Class B common stock, par value $0.01
par share, of the Company. Shares transferred in accordance with Section 2(c) shall be Class A Common Stock, par value $0.01 per share, of the Company. 
  
 (e) Notwithstanding anything to the contrary set forth in this Agreement, to the extent that Section 409A of the Internal Revenue Code (“Section
409A”) is determined by the Company to be applicable to distributions under this Section, distributions in accordance with this Section 2 shall be made in accordance with Section 409A. 
  
 3. Dividends. If on any date while RSUs are outstanding hereunder the
Company shall pay any dividend on the Shares (other than a dividend payable in Shares), the number of RSUs granted to the Participant shall, as of such dividend payment date, be increased by a number of RSUs equal to: (a) the product of (x) the
number of RSUs held by the Participant as of the related dividend record date, multiplied by (y) the per Share amount of any cash dividend (or, in the case of any dividend payable in whole or in part other than in cash, the per Share value of such
dividend, as determined in good faith by the Committee), divided by (b) the Fair Market Value of a Share on the payment date of such dividend. In the case of any dividend declared on Shares that is payable in the form of Shares, the number of RSUs
granted to the Participant shall be increased by a number equal to the product of (I) the aggregate number of RSUs that have been held by the Participant through the related dividend record date, multiplied 

 by (II) the number of Shares (including any fraction thereof) payable as a dividend on a Share. All additional RSUs
granted pursuant to this Section 3 shall be treated (and shall vest) as Bonus RSUs or Matching RSUs, respectively, depending on the type of RSUs to which they were attributable and Shares shall be transferred with respect to such additional RSUs at
the same time as Shares are transferred with respect to the Bonus and Matching RSUs to which such RSUs were attributable. 
  
 4. Adjustments Upon Certain Events. In the event of any change in the outstanding Shares by reason of any stock split, reorganization,
recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other corporate exchange, or any distribution to shareholders of Shares (other than any dividends covered by Section 3 above) or any
transaction similar to the foregoing (collectively, an “Adjustment Event”), the Committee may, in its sole discretion and without liability to any person, adjust any RSUs subject to this Agreement to reflect such Adjustment Event.

  
 5. Data Protection. The Participant consents to the
processing (including international transfer) of personal data as set out in Exhibit A for the purposes specified therein and to any additional or different processes required by applicable law, rule or regulation. 
  
 6. No Right to Continued Employment. Neither the Plan nor this
Agreement shall be construed as giving the Participant the right to be retained in the employ of, or in any consulting relationship to, the Company or any Affiliate. Further, the Company or an Affiliate may at any time dismiss the Participant or
discontinue any consulting relationship, free from any liability or any claim under the Plan or this Agreement, except as otherwise expressly provided herein. 
  

7. No Acquired Rights. In participating in the Plan, the Participant acknowledges and accepts that the Committee or the Board has the power to
amend or terminate the Plan at any time and that the opportunity given to the Participant to participate in the Plan is entirely at the discretion of the Committee or the Board and does not obligate the Company or any of its Affiliates to offer such
participation in the future (whether on the same or different terms). The Participant further acknowledges and accepts that such Participant’s participation in the Plan is outside the terms of the Participant’s regular contract of
employment and is therefore not to be considered part of any normal or expected compensation and that the termination of the Participant’s employment under any circumstances whatsoever will give the Participant no claim or right of action
against the Company or its Affiliates in respect of any loss of rights under this Agreement or the Plan that may arise as a result of such termination of employment. 
  
 8. No Rights of a Shareholder. The Participant shall not have any rights as a shareholder of the Company until the
Shares in question have been registered in the Company’s register of shareholders. 
  
 9. Legend on Certificates. Any Shares issued or transferred to the Participant pursuant to Section 2 of this Agreement shall be subject to such stop transfer orders and other restrictions as the Committee may
deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any applicable Federal or state laws or relevant securities laws of
the jurisdiction of the domicile of the Participant, and the Committee may cause a legend or legends to be put on any certificates representing such Shares to make appropriate reference to such restrictions. 

 10. Transferability. RSUs may not be assigned, alienated, pledged, attached, sold or otherwise
transferred or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance not permitted by this Section 10 shall be
void and unenforceable against the Company or any Affiliate. 
  
 11. Withholding. The Participant may be required to pay to the Company or any Affiliate and the Company or any Affiliate shall have the right and is hereby authorized to withhold from any issuance or transfer due under this Agreement
or under the Plan or from any compensation or other amount owing to the Participant, applicable withholding taxes with respect to any issuance or transfer under this Agreement or under the Plan and to take such action as may be necessary in the
opinion of the Company to satisfy all obligations for the payment of such taxes. In addition, to the extent permitted by law, the Participant may satisfy, in whole or in part, his or her tax withholding liability incurred in connection with any
issuance or transfer under this Agreement by having the Company withhold from the number of Shares otherwise issuable or transferable under this Agreement a number of Shares with a Fair Market Value not in excess of the employer’s statutory
minimum tax withholding liability plus any fees incurred by the Participant as a result of the issuance or transfer under this Agreement (which, for the avoidance of doubt, may be rounded up to the nearest whole share). Notwithstanding the
foregoing, if the Participant’s employment with the Company terminates prior to the issuance or transfer of all of the Shares under this Agreement, the payment of any applicable withholding taxes with respect to any further issuance or transfer
of Shares under this Agreement or the Plan shall be made solely through the withholding of Shares equal to the statutory minimum withholding liability. 
  
 12. Subsequent Deferral. Subject to Section 2(c) of this Agreement, each Participant may elect to defer the issuance or transfer of any Shares
pursuant to Section 2(a) of this Agreement for an additional period of five or six years (in whole year increments); provided that in no event can any issuance or transfer be deferred beyond the eighth anniversary of the date of grant of the
underlying RSUs. Each participant may make only one deferral election with respect to each scheduled issuance or transfer of shares. A deferral election must be made by delivering a notice of such an election in the form of Exhibit B hereto, or such
other form as the Company may distribute or make available to the Participant from time to time, to the Company at least one year prior to the first scheduled transfer of the Shares pursuant to Section 2(a) of this Agreement. To the extent that
Section 409A is determined by the Company to be applicable to this Agreement, the provisions of this Section 12 shall be modified to be in accordance with the requirements of Section 409A. The Shares for which such issuance or transfer is so
deferred shall remain RSUs for the period for which issuance or transfer is deferred (such RSUs after the applicable Date of Transfer, “Deferred RSUs”). Notwithstanding anything to the contrary in this Agreement, but subject to Section
2(c) and 2(d), if the Participant’s employment with the Company is terminated for any reason, the Company shall transfer to the Participant, as soon as practicable following such termination, a number of Shares equal to the aggregate number of
Deferred RSUs held by such Participant under this Agreement, provided, that upon the issuance or transfer of such Shares to the Participant, in lieu of a fractional Share, the Participant shall receive a cash payment equal to the Fair Market Value
of such fractional Share. 
  
 13. Affirmation of
Non-Competition Agreement. Each Participant, by accepting an RSU, shall be deemed to have reaffirmed (and consented to be bound by), and the RSU shall serve as consideration for, all terms and conditions of any agreement in effect between the
Participant and the Company or an Affiliate in respect of non-competition, confidentiality and/or trade secrets. 

 14. Choice of Law. THE INTERPRETATION, PERFORMANCE AND ENFORCEMENT OF THIS AGREEMENT SHALL BE
GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
  
 15. RSUs Subject to Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a
copy of the Plan. All RSUs are subject to the Plan. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. 

 
 16. Signature in Counterparts. This Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 
  

			
	 ARAMARK CORPORATION

		
	 By:
	 	  

	
	 PARTICIPANT

		
	 By:
	 	  

 DATA PROTECTION PROVISION 
  

	(a)	By participating in the Plan or accepting any rights granted under it, the Participant consents to the collection and processing by the Company and its Affiliates of personal data
relating to the Participant by the Company and its Affiliates and/or agents so that they can fulfill their obligations and exercise their rights under the Plan, issue certificates (if any), statements and communications relating to the Plan and
generally administer and manage the Plan, including keeping records of participation levels from time to time. Any such processing shall be in accordance with the purposes and provisions of this data protection provision. References in this
provision to the Company and its Affiliates include the Participant’s employer. 

  
 These data will include data: 
  
 (i) already held in the Participant’s records such as the Participant’s name and address, ID number, payroll number, length of service and
whether the Participant works full-time or part time; 
  
 (ii)
collected upon the Participant accepting the rights granted under the Plan (if applicable); and 
  
 (iii) subsequently collected 
  
 by the Company or any of its Affiliates and/or agents in relation to the Participant’s continued participation in the Plan, for example, data about
shares offered or received, purchased or sold under the Plan from time to time and other appropriate financial and other data about the Participant and his or her participation in the Plan (e.g., the date on which the shares were granted,
termination of employment and the reasons of termination of employment or retirement of the Participant). 
  

	(b)	This consent is in addition to and does not affect any previous consent provided by the Participant to the Company or its Affiliates. 

  

	(c)	In particular, the Participant expressly consents to the transfer of personal data about the Participant as described in paragraph (a) above by the Company and its Affiliates and/or
agents. Data may be transferred not only within the country in which the Participant is based from time to time or within the EU or the European Economic Area, but also worldwide, to other employees and officers of the Company and its Affiliates
and/or agents and to the following third parties for the purposes described in paragraph (a) above: 

  
 (i) Plan administrators, transfer agents, auditors, brokers, agents and contractors of, and third party service providers to, the Company or its
Affiliates such as printers and mail houses engaged to print or distribute notices or communications about the Plan; 
  
 (ii) regulators, tax authorities, stock or security exchanges and other supervisory, regulatory, governmental or public bodies as required by law;

 (iii) actual or proposed merger or acquisition partners or proposed assignees of, or those taking or
proposing to take security over, the business or assets or stock of the Company or its Affiliates and their agents and contractors; 
  
 (iv) other third parties to whom the Company or its Affiliates and/or agents may need to communicate/transfer the data in connection with the
administration of the Plan, under a duty of confidentiality to the Company and its Affiliates; and 
  
 (v) the Participant’s family members, physicians, heirs, legatees and others associated with the Participant in connection with the Plan. 

 
 Not all countries, where the personal data may be transferred to, have an
equal level of data protection as in the EU or the European Economic Area. Countries to which data are transferred include the USA and Bermuda. 
  
 All national and international transfer of personal data is only done in order to fulfill the obligations and rights of the Company and/or its Affiliates
under the Plan. 
  
 The Participant has the right to be informed
whether the Company or its Affiliates hold personal data about the Participant and, to the extent they do so, to have access to those personal data at no charge and require them to be corrected if they are inaccurate or to be destroyed if the
Participant wishes to withdraw his or her consent. The Participant is entitled to all the other rights provided for by applicable data protection law, including those detailed in any applicable documentation or guidelines provided to the Participant
by the Company or its Affiliates in the past. More detailed information is available to the Participant by contacting the appropriate local data protection officer in the country in which the Participant is based from time to time. If the
Participant has a complaint regarding the manner in which personal information relating to the Participant is dealt with, the Participant should contact the appropriate local data protection officer referred to above. 
  

	(d)	The processing (including transfer) of data described above is essential for the administration and operation of the Plan. Therefore, in cases where the Participant wishes to
participate in the Plan, it is essential that his/her personal data are processed in the manner described above. At any time the Participant may withdraw his or her consent.PNC Senior Fixed Rate Note

  
 Exhibit 4.9 
  
 THIS SENIOR NOTE IS AN OBLIGATION SOLELY OF PNC BANK, NATIONAL ASSOCIATION (THE
“BANK”) AND WILL NOT BE AN OBLIGATION OF, OR OTHERWISE GUARANTEED BY, ANY OTHER BANK OR THE PNC FINANCIAL SERVICES GROUP, INC. OR ANY AFFILIATE THEREOF OTHER THAN THE BANK. THIS SENIOR NOTE IS NOT A DEPOSIT AND IS NOT INSURED BY THE
FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENT AGENCY. THE OBLIGATIONS EVIDENCED BY THIS SENIOR NOTE RANK PARI PASSU WITH ALL OTHER UNSECURED AND UNSUBORDINATED INDEBTEDNESS OF THE BANK, EXCEPT DEPOSIT LIABILITIES (AS PROVIDED IN
SECTION 11(d)(11) OF THE FEDERAL DEPOSIT INSURANCE ACT) AND OTHER OBLIGATIONS THAT ARE SUBJECT TO ANY PRIORITIES OR PREFERENCES. IN A LIQUIDATION OR OTHER RESOLUTION OF THE BANK, THIS SENIOR NOTE WOULD BE TREATED DIFFERENTLY FROM, AND HOLDERS OF
THIS SENIOR NOTE COULD RECEIVE, IF ANYTHING, SIGNIFICANTLY LESS THAN HOLDERS OF, DEPOSIT LIABILITIES OF THE BANK. 
  
 UNLESS THIS SENIOR NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (THE “DEPOSITORY”) TO
THE BANK OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SENIOR NOTE ISSUED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF, THIS SENIOR NOTE IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME
AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY AND ANY PAYMENT HEREON IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN. 
  
 THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED
EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITORY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITORY. 
  
 THIS SENIOR NOTE IS ISSUABLE ONLY IN FULLY REGISTERED FORM IN MINIMUM DENOMINATIONS OF $250,000 AND INTEGRAL MULTIPLES OF $1,000 IN EXCESS
THEREOF. EACH OWNER OF A BENEFICIAL INTEREST IN THIS SENIOR NOTE MUST BE AN INSTITUTIONAL INVESTOR WHO IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501 UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND IS REQUIRED TO HOLD A
BENEFICIAL INTEREST IN A $250,000 PRINCIPAL AMOUNT OR ANY INTEGRAL MULTIPLE OF $1,000 IN EXCESS THEREOF OF THIS SENIOR NOTE AT ALL TIMES. 
  

			
	No. FXR-                 	  	 
	 CUSIP NO.:                 
	  	REGISTERED

  
 GLOBAL SENIOR BANK
NOTE 
 (Fixed Rate) 
  

			
	 ORIGINAL ISSUE DATE:
	  	PRINCIPAL AMOUNT:
		
	 INTEREST RATE:         %
	  	MATURITY DATE:
		
	 INTEREST PAYMENT DATE(S):
	  	 
	 [    ] At Maturity only
	  	 
	 [    ]      and      of each year
	  	INITIAL INTEREST PAYMENT DATE:
	 [    ] Other:
	  	 

  
 REGULAR RECORD DATES (FOR NOTES WITH
MATURITIES OF MORE THAN ONE YEAR) 
 (if other than the fifteenth calendar day (whether or not a Business Day) next preceding the applicable Interest Payment
Date): 
  

			
	 INITIAL REDEMPTION
	  	INITIAL REDEMPTION
	 DATE:
	  	PERCENTAGE:
		
	 ANNUAL REDEMPTION
	  	HOLDER’S OPTIONAL
	 PERCENTAGE REDUCTION:
	  	REPAYMENT DATE(S):
		
	 DAY COUNT CONVENTION
	  	 
	 [    ] 30/360
	  	 
	 [    ] OTHER:
	  	 
		
	 ADDENDUM ATTACHED:
	  	ORIGINAL ISSUE DISCOUNT:
	 [    ] Yes
	  	[    ] Yes
	 [    ] No
	  	[    ] No
		
	 DEFAULT RATE:         %
	  	Total Amount of OID:
	 	  	Yield to Maturity:
	 OTHER PROVISIONS:
	  	Initial Accrual Period:

  

 2 

 PNC Bank, National Association (the “Bank”), for value received, hereby promises to pay to CEDE
& CO., or registered assigns, the principal sum of
                                        
         United States Dollars on the Maturity Date specified above (except to the extent redeemed or repaid prior to the Maturity Date) and to pay interest in arrears thereon from and including the
Original Issue Date specified above or from and including the most recent interest payment date on which interest on this Senior Note (or any predecessor Senior Note) has been paid or duly provided for, on the Interest Payment Date or Dates
specified above (each, an “Interest Payment Date”) and at maturity or upon earlier redemption or repayment, if applicable, commencing on the Initial Interest Payment Date specified above at the Interest Rate per annum specified above,
until the principal hereof is paid or made available for payment, and (to the extent that the payment of such interest shall be legally enforceable) at the Default Rate per annum specified above on any overdue principal and premium, if any, and on
any overdue installment of interest. If no Default Rate is specified above, the Default Rate shall be the Interest Rate on this Senior Note specified above. The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date will be paid to the person in whose name this Senior Note (or any predecessor Senior Note) is registered at the close of business on the Regular Record Date, which unless otherwise specified above shall be the fifteenth calendar day (whether or
not a Business Day (as defined below)) next preceding the applicable Interest Payment Date (a “Regular Record Date”); provided, however, that interest payable at maturity or upon earlier redemption or repayment, if
applicable, will be payable to the person to whom principal shall be payable. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the holder as of the close of business on such Regular Record Date,
and may either be paid to the person in whose name this Senior Note (or any predecessor Senior Note) is registered at the close of business on a special record date for the payment of such defaulted interest (the “Special Record Date”) to
be fixed by the Bank, notice of which shall be given to the holders of Senior Notes not less than 10 calendar days prior to such Special Record Date, or be paid at any time in any other lawful manner. 
  
 Payment of principal of, premium, if any, and interest on, this Senior Note
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. The Bank will at all times appoint and maintain an issuing and paying agent (which may be the
Bank) (the “Issuing and Paying Agent,” which term shall include any successor Issuing and Paying Agent), authorized by the Bank to pay principal of, premium, if any, and interest on, this Senior Note on behalf of the Bank pursuant to an
issuing and paying agency agreement (the “Issuing and Paying Agency Agreement”) and having an office or agency (the “Issuing and Paying Agent Office”) in The City of New York or in the city in which the Bank is headquartered (the
“Place of Payment”), where this Senior Note may be presented or surrendered for payment and where notices, designations or requests in respect of payments with respect to this Senior Note may be served. The Bank has initially appointed PNC
Bank, National Association as the Issuing and Paying Agent, with the Issuing and Paying Agent Office currently located at One PNC Plaza, 9th Floor, 249 Fifth Avenue, Pittsburgh, Pennsylvania 15222, Attention: Yvonne Mudd. The Bank may resign as or remove the Issuing and Paying Agent pursuant to the terms of the Issuing and Paying Agency Agreement and may appoint
a successor Issuing and Paying Agent. 
  
 Payment of principal of,
premium, if any, and interest on, this Senior Note due at maturity or upon earlier redemption or repayment, if applicable, will be made in immediately available funds upon presentation and surrender of this Senior Note to the Issuing and Paying
Agent at the Issuing and Paying Agent Office; provided that this Senior Note is presented to the Issuing and Paying Agent in time for the Issuing and Paying Agent to make such payment in accordance with its normal procedures. Payments of interest on
this Senior Note (other than at maturity or upon earlier redemption or repayment) will be made by wire transfer to such account as has been appropriately designated to the Issuing and Paying Agent by the person entitled to such payments. 

 

 3 

 Reference herein to “this Senior Note”, “hereof”, “herein” and comparable
terms shall include an Addendum hereto if an Addendum is specified above. 
  
 Reference is hereby made to the further provisions of this Senior Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

 

 4 

 IN WITNESS WHEREOF, the Bank has caused this Senior Note to be duly executed. 
  

			
	 PNC BANK, NATIONAL ASSOCIATION

		
	 By:
	 	 
	 	 	Authorized Signatory

  
 Dated: 
  
 ISSUING AND PAYING AGENT’S CERTIFICATE OF AUTHENTICATION 
  
 This is one of the Senior Notes referred to in the Issuing and Paying Agency Agreement.

  

			
	 PNC BANK, NATIONAL ASSOCIATION
as the Issuing and Paying Agent

		
	By:	 	 
	 	 	Authorized Signatory

  

 5 

 [Reverse] 
  
 This Senior Note is one of a duly authorized issue of Senior Bank Notes of the Bank due nine months or more from date of issue (the “Senior
Notes”). 
  
 Payments of interest hereon will include
interest accrued to but excluding the relevant Interest Payment Date or Maturity Date or date of earlier redemption or repayment, as the case may be. Unless otherwise specified on the face hereof, interest on Senior Notes with maturities of greater
than one year will be computed on the basis of a 360-day year of twelve 30-day months. Unless otherwise specified on the face hereof, interest on Senior Notes with maturities of one year or less will be computed on the basis of the actual number of
days in the year divided by 360 and will be payable only at maturity to the person to whom principal shall be payable. 
  
 Any provision contained herein with respect to the calculation of the rate of interest applicable to this Senior Note, its Interest Payment Dates or any
other matter relating hereto may be modified as specified in an Addendum relating hereto if so specified on the face hereof. 
  
 If any Interest Payment Date, Maturity Date or date of earlier redemption or repayment of this Senior Note falls on a day which is not a Business Day, the
related payment of principal of, premium, if any, or interest on, this Senior Note shall be made on the next succeeding Business Day with the same force and effect as if made on the date such payment were due, and no interest shall accrue on the
amount so payable for the period from and after such Interest Payment Date, Maturity Date or date of earlier redemption or repayment, as the case may be. “Business Day” means, unless otherwise specified on the face hereof, any day that is
not a Saturday or Sunday and that in The City of New York and in Pittsburgh, Pennsylvania is not a day on which banking institutions are authorized or required by law, regulation or executive order to close. 
  
 This Senior Note will not be subject to any sinking fund. If so provided on
the face of this Senior Note, this Senior Note may be redeemed by the Bank either in whole or in part on and after the Initial Redemption Date, if any, specified on the face hereof. If no Initial Redemption Date is specified on the face hereof, this
Senior Note may not be redeemed prior to the Maturity Date. On and after the Initial Redemption Date, if any, this Senior Note may be redeemed in increments of $1,000 (provided that any remaining principal amount hereof shall be at least $250,000)
at the option of the Bank at the applicable Redemption Price (as defined below), together with unpaid interest accrued hereon at the applicable rate borne by this Senior Note to the date of redemption (each such date, a “Redemption Date”),
on written notice given not more than 60 nor less than 30 calendar days prior to the Redemption Date to the registered holder hereof. Whenever less than all the Senior Notes at any time outstanding are to be redeemed, the terms of the Senior Notes
to be so redeemed shall be selected by the Bank. If less than all the Senior Notes with identical terms at any time outstanding are to be redeemed, the Senior Notes to be so redeemed shall be selected by the Issuing and Paying Agent by lot or in any
usual manner approved by it. In the event of redemption of this Senior Note in part only, a new Senior Note for the unredeemed portion hereof shall be issued in the name of the holder hereof upon the surrender hereof. The Issuing and Paying Agent is
not required to register the transfer of or exchange any Senior Note that has been called for redemption in whole or in part, except the unredeemed portion of the Senior Notes being redeemed in part, during a period beginning at the opening of
business 15 calendar days before the day of mailing of a notice of such redemption and ending at the close of business on the day of such mailing. 
  
 The “Redemption Price” shall initially be the Initial Redemption Percentage specified on the face hereof of the principal amount of this Senior
Note to be redeemed and shall decline at each anniversary of the Initial Redemption Date specified on the face hereof by the Annual Redemption Percentage 

  

 6 

 
Reduction, if any, specified on the face hereof, of the principal amount to be redeemed until the Redemption Price is 100% of such principal amount.

  
 This Senior Note may be subject to repayment at the option of
the holder hereof in accordance with the terms hereof either in whole or in part on any Holder’s Optional Repayment Date(s), if any, specified on the face hereof. If no Holder’s Optional Repayment Date is specified on the face hereof, this
Senior Note will not be repayable at the option of the holder hereof prior to the Maturity Date. On any Holder’s Optional Repayment Date, if any, this Senior Note will be repayable in whole or in part in increments of $1,000 (provided that any
remaining principal amount hereof will be at least $250,000) at the option of the holder hereof at a repayment price equal to 100% of the principal amount to be repaid, together with accrued and unpaid interest hereon payable to the date of
repayment. For this Senior Note to be repaid in whole or in part at the option of the holder hereof on a Holder’s Optional Repayment Date, this Senior Note must be delivered, with the form entitled “Option to Elect Repayment” attached
hereto duly completed, to the Issuing and Paying Agent at its offices currently located at One PNC Plaza, 9th Floor,
249 Fifth Avenue, Pittsburgh, Pennsylvania 15222, Attention: Yvonne Mudd, or at such other address which the Bank shall from time to time notify the holders of the Senior Notes, not more than 60 nor less than 30 calendar days prior to such
Holder’s Optional Repayment Date. In the event of repayment of this Senior Note in part only, a new Senior Note for the unrepaid portion hereof shall be issued in the name of the holder hereof upon the surrender hereof. Exercise of such
repayment option by the holder hereof shall be irrevocable. 
  
 If
this Senior Note is an Original Issue Discount Note and if an Event of Default with respect to this Senior Note shall have occurred and be continuing, the Default Amount (as defined hereafter) of this Senior Note may be declared due and payable in
the manner and with the effect provided herein. The “Default Amount” shall be equal to the adjusted issue price as of the first day of the accrual period as determined under Final Treasury Regulation Section 1.1275-1(b) (or successor
regulation) under the United States Internal Revenue Code of 1986, as amended, in which the date of acceleration occurs increased by the daily portion of the original issue discount for each day in such accrual period ending on the date of
acceleration, as determined under Final Treasury Regulation Section 1.1272-1(b) (or successor regulation) under the United States Internal Revenue Code of 1986, as amended. Upon payment of (i) the principal, or premium, if any, so declared due and
payable and (ii) interest on any overdue principal and overdue interest or premium, if any (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Bank’s obligations in respect of the payment of
principal of, premium, if any, and interest on, this Senior Note shall terminate. 
  
 In case any Senior Note shall at any time become mutilated, destroyed, lost or stolen, and such Senior Note or evidence of the loss, theft or destruction thereof satisfactory to the Bank and the Issuing and Paying
Agent and such other documents or proof as may be required by the Bank and the Issuing and Paying Agent shall be delivered to the Issuing and Paying Agent, the Bank shall issue and the Issuing and Paying Agent shall authenticate a new Senior Note,
of like tenor and principal amount, having a serial number not contemporaneously outstanding, in exchange and substitution for the mutilated Senior Note or in lieu of the Senior Note destroyed, lost or stolen but, in the case of any destroyed, lost
or stolen Senior Note, only upon receipt of evidence satisfactory to the Bank and the Issuing and Paying Agent that such Senior Note was destroyed, stolen or lost, and, if required, upon receipt of indemnity satisfactory to the Bank and the Issuing
and Paying Agent. Upon the issuance of any substituted Senior Note, the Bank and the Issuing and Paying Agent may require the payment of a sum sufficient to cover all expenses and reasonable charges connected with the preparation and delivery of a
new Senior Note. If any Senior Note which has matured or has been redeemed or repaid or is about to mature or to be redeemed or repaid shall become mutilated, destroyed, lost or stolen, the Bank may, instead of issuing a substitute Senior Note, pay
or authorize the payment of the same (without surrender thereof except in the case of a mutilated Senior Note) upon compliance by the holder with the provisions of this paragraph. 
  

 7 

 No recourse shall be had for the payment of principal of, premium, if any, or interest on, this Senior
Note for any claim based hereon, or otherwise in respect hereof, against any shareholder, employee, agent, officer or director, as such, past, present or future, of the Bank or of any successor corporation, either directly or through the Bank or any
successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue
hereof, expressly waived and released. 
  
 The occurrence of any
of the following events shall constitute an “Event of Default” with respect to this Senior Note: (i) default in the payment of any interest with respect to any of the Senior Notes issued by the Bank when due, which continues for 30
calendar days; (ii) default in the payment of any principal of, or premium, if any, on, any of the Senior Notes issued by the Bank when due; (iii) the entry by a court having jurisdiction in the premises or administrative or governmental agency or
body of (a) a decree or order for relief in respect of the Bank in an involuntary case or proceeding under any applicable United States federal or state bankruptcy, insolvency, reorganization or other similar law or (b) a decree or order appointing
a conservator, receiver, liquidator, assignee, trustee, sequestrator or any other similar official of the Bank, or of substantially all of the property of the Bank, or ordering the winding up or liquidation of the affairs of the Bank, and the
continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days; or (iv) the commencement by the Bank of a voluntary case or proceeding under any applicable United
States federal or state bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated as bankrupt or insolvent, or the consent by the Bank to the entry of a decree or order for relief in an
involuntary case or proceeding under any applicable United States federal or state bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding, or the filing by the Bank of a
petition or answer or consent seeking reorganization or relief under any applicable United States federal or state bankruptcy, insolvency, reorganization or similar law, or the consent by the Bank to the filing of such petition or to the appointment
of or taking possession by a custodian, conservator, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Bank or of substantially all of the property of the Bank, or the making by the Bank of an assignment for the
benefit of creditors, or the taking of corporate action by the Bank in furtherance of any such action. If an Event of Default shall occur and be continuing, the holder of this Senior Note may declare the principal amount of, accrued interest and
premium, if any, on, this Senior Note due and payable immediately by written notice to the Bank. Upon such declaration and notice, such principal amount, accrued interest and premium, if any, shall become immediately due and payable. Any Event of
Default with respect to this Senior Note may be waived by the holder hereof. 
  
 The Issuing and Paying Agency Agreement provides that the Bank will promptly notify, and provide copies of any such notice to, the Issuing and Paying Agent, and the Issuing and Paying Agent will promptly mail by
first-class mail, postage prepaid, copies of such notice to the holders of the Senior Notes, upon the occurrence of an Event of Default or of the curing or waiver of an Event of Default. 
  
 Nothing contained herein shall prevent any consolidation or merger of the Bank with any other corporation, banking
association or other legal entity (collectively, the “corporation”) or successive consolidations or mergers in which the Bank or its successor or successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or
lease of the property of the Bank as an entirety or substantially as an entirety to any other corporation authorized to acquire and operate the same; provided, however (and the Bank hereby covenants and agrees) that any such consolidation, merger,
sale or conveyance shall be upon the condition that: (i) immediately after such consolidation, merger, sale or conveyance the corporation (whether the Bank or such other corporation) formed by or surviving any such consolidation or merger, or the
corporation to which such sale or conveyance shall have been made, shall not be in default in the performance or observance of any of the terms, covenants and conditions of 

  

 8 

 
this Senior Note to be observed or performed by the Bank; and (ii) the corporation (if other than the Bank) formed by or surviving any such consolidation or
merger, or the corporation to which such sale or conveyance shall have been made, shall be organized under the laws of the United States of America or any state thereof or the District of Columbia and shall expressly assume the due and punctual
payment of the principal of, premium, if any, and interest on, this Senior Note. In case of any such consolidation, merger, sale, conveyance, transfer or lease, and upon the assumption by the successor corporation of the due and punctual performance
of all of the covenants in this Senior Note to be performed or observed by the Bank, such successor corporation shall succeed to and be substituted for the Bank with the same effect as if it had been named in this Senior Note as the Bank and
thereafter the predecessor corporation shall be relieved of all obligations and covenants in this Senior Note and may be liquidated and dissolved. 
  
 Any action by the holder of this Senior Note shall bind all future holders of this Senior Note, and of any Senior Note issued in exchange or substitution
herefor or in place hereof, in respect of anything done or permitted by the Bank or by the Issuing and Paying Agent in pursuance of such action. 
  
 The Issuing and Paying Agent shall maintain at its offices a register (the register maintained in such office or any other office or agency of the Issuing
and Paying Agent in Pittsburgh, Pennsylvania, herein referred to as the “Senior Note Register”) in which, subject to such reasonable regulations as it may prescribe, the Issuing and Paying Agent shall provide for the registration of the
Senior Notes and of transfers of the Senior Notes. 
  
 The
transfer of this Senior Note is registerable in the Senior Note Register, upon surrender of this Senior Note for registration of transfer at the office or agency of the Issuing and Paying Agent in the Place of Payment, duly endorsed by, or
accompanied by a written instrument of transfer in form satisfactory to the Bank and the Issuing and Paying Agent duly executed by, the holder hereof or his attorney duly authorized in writing, and thereupon one or more new Senior Notes of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
  
 No provision of this Senior Note shall alter or impair the obligation of the Bank, which is absolute and unconditional, to pay principal of, premium, if
any, and interest on, this Senior Note in U.S. dollars at the times, places and rate herein prescribed in accordance with its terms. 
  
 No service charge shall be made to a holder of this Senior Note for any transfer or exchange of this Senior Note, but the Bank may require payment of a
sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
  
 Beneficial interests represented by this Senior Note are exchangeable for definitive Senior Notes in registered form, of like tenor and of an equal
aggregate principal amount, only if (x) The Depository Trust Company, as depositary (the “Depository”) notifies the Bank that it is unwilling or unable to continue as Depository for this Senior Note or if at any time the Depository ceases
to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depository is not appointed by the Bank within 60 days, or (y) the Bank in its sole discretion determines not to have such beneficial interests
represented by this Senior Note. Any Senior Note representing such beneficial interests that is exchangeable pursuant to the preceding sentence shall be exchangeable in whole for definitive Senior Notes in registered form, of like tenor and of an
equal aggregate principal amount, in minimum denominations of $250,000 and integral multiples of $1,000 in excess thereof. Such definitive Senior Notes shall be registered in the name or names of such person or persons as the Depository shall
instruct the Issuing and Paying Agent. 
  

 9 

 Prior to due presentment of this Senior Note for registration of transfer, the Bank, the Issuing and
Paying Agent or any agent of the Bank or the Issuing and Paying Agent may treat the holder in whose name this Senior Note is registered as the owner hereof for all purposes, whether or not this Senior Note be overdue, and neither the Bank, the
Issuing and Paying Agent nor any such agent shall be affected by notice to the contrary except as required by applicable law. 
  
 All notices to the Bank under this Senior Note shall be in writing and addressed to the Bank at One PNC Plaza, 10th Floor, 249 Fifth Avenue, Pittsburgh, Pennsylvania 15222, Attention: Lisa Kovac, or to such other address of the Bank as the Bank may notify the
holder of this Senior Note. 
  
 This Senior Note shall be governed
by, and construed in accordance with, the laws of the State of New York (without regard to conflicts of laws principles) and all applicable federal laws and regulations. 
  

 10 

 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of the within Senior Note, shall be construed as
though they were written out in full according to applicable laws or regulations. 
  

					
			
	 TEN COM
	  	—	  	as tenants in common
			
	 TEN ENT
	  	—	  	as tenants by the entireties
			
	 JT TEN
	  	—	  	as joint tenants with right of
	 	  	 	  	survivorship and not as tenants
	 	  	 	  	in common

  

					
	 UNIF GIFT MIN ACT -
                                        
     Custodian
                                       
     

	 	  	 	  	                                        
         (Cust)                              
                      (Minor)

	 	  	 	  	                                 under Uniform Gifts to Minors
Act

			
	 	  	 	  	                               
 ______________________________________________
	 	  	 	  	                                       
                                     (State)
	 	  	 	  	 
	 	  	 	  	 

  
 Additional
abbreviations may also be used 
 though not in the above list. 
  

 11 

 ASSIGNMENT 
  

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto ________________________________ 
  
                                       
                                        
                                        
                                        
                                        
                                        
                    
  
 PLEASE INSERT SOCIAL SECURITY NUMBER OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
  
 ______________________________________ 
  
 ______________________________________ 
  

	
	
	____________________________________________________________________________________________________________
	
	____________________________________________________________________________________________________________

 (Please print or typewrite name and address, 
 including postal zip code, of assignee) 
  

	
	 the within Senior Note and all rights thereunder, and hereby irrevocably constitutes and appoints
______________________________

	
	____________________________________________________________________________________________________________
	
	____________________________________________________________________________________________________________

  
 to transfer said Senior Note on the
books of the Issuing and Paying Agent, with full power of substitution in the premises. 
  

							
				
	 Dated: 
	 	 	 	 	 	 
	 	 	 	 	 	 	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within Senior Note in every particular, without alteration or enlargement or any change
whatsoever.
			
	 	 	 	 	 
	 	 	Signature Guarantee	 	 	 	 

  

 12 

 OPTION TO ELECT REPAYMENT 
  
 The undersigned hereby irrevocably request(s) and instruct(s) the Bank to repay this Senior Note (or portion hereof
specified below) pursuant to its terms at a price equal to 100% of the principal amount hereof to be repaid, together with accrued and unpaid interest hereon, payable to the date of repayment, to the undersigned, at
__________________________________________________ 
  
                                       
                                        
                                        
                                        
                                        
                                        
                  . 
 (Please print or typewrite
name and address of the undersigned) 
  
 For this Senior Note to
be repaid, the undersigned must give to the Issuing and Paying Agent at its offices currently located at One PNC Plaza, 9th Floor, 249 Fifth Avenue, Pittsburgh, Pennsylvania 15222, Attention: Yvonne Mudd, or at such other place or places of which the Bank shall from time to time notify the holder of this Senior Note, not more than 60 days nor less than
30 days prior to the date of repayment, with this “Option to Elect Repayment” form duly completed. 
  
 If less than the entire principal amount of this Senior Note is to be repaid, specify the portion hereof (which shall be increments of $1,000) which the
holder elects to have repaid and specify the denomination or denominations (which shall be $250,000 or an integral multiple of $1,000 in excess thereof) of the Senior Notes to be issued to the holder for the portion of this Senior Note not being
repaid (in the absence of any such specification, one such Senior Note will be issued for the portion not being repaid): 
  

			
		
	$ _______________________________________________	  	_____________________________________________
	 Dated: ___________________________________________
	  	NOTICE: The signature on this “Option to Elect Repayment” form must correspond with the name as written upon the face of the within Senior Note in every particular, without
alteration or enlargement or any change whatsoever.

  

	
	
	  
	Signature Guarantee

  

 13

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