Document:

Exhibit 10.2

 

SEPARATION AGREEMENT

 

THIS SEPARATION AGREEMENT (the “Agreement”)
is entered into on February 18, 2016 (the “Agreement Date”), by and between EVINE Live Inc., a Minnesota
corporation (the “Company”), and G. Russell Nuce (“Executive”). The Company and Executive
may be referred to individually, as a “Party” and collectively, as the “Parties”.

 

WHEREAS, Executive serves as the Executive
Vice President & Chief Strategy Officer for the Company; and

 

WHEREAS, at the Company’s request,
Executive has, subject to the terms of this Agreement, tendered his resignation from the Company and from all position he holds
as an officer or director of the Company, and the Company and its Board of Directors (the “Board”) have accepted
Executive’s resignation; and

 

WHEREAS, the Parties desire to amicably
resolve any dispute arising out of Executive’s employment and resignation thereof, with the understanding that such resolution
shall not constitute evidence of or be an admission of wrongful conduct, liability, or fault on the part of Executive or the Company.

 

NOW, THEREFORE, in consideration
of the foregoing premises and the respective agreements of the Company and Executive set forth below, the Company and Executive,
intending to be legally bound, agree as follows: 

 

1.          Resignation of Employment.

 

Executive hereby resigns effective February
8, 2016 from his position as the Executive Vice President & Chief Strategy Officer, as an employee, and all other titles, positions
and appointments Executive may hold with the Company or any of its subsidiaries or affiliates (the “Resignation Date”).
The Company shall promptly pay to Executive all accrued but unpaid base salary, as well as all outstanding expense reimbursements
consistent with the Company’s normal expense reimbursement policies.

 

2.          Severance
Pay and Benefits. Executive is a participant in the Company’s Executives’ Severance Benefit Plan (the “Severance
Plan”). In return for the execution of this Agreement and Executive honoring all of the terms and conditions of this
Agreement, the Company shall provide to Executive the following severance pay and benefits, which shall be in full satisfaction
of Executive’s entitlements under the Severance Plan:

 

(a)          Severance
Pay of $375,000.00, which is one times Executive’s annual Base Salary (the “Severance Pay”). Subject to
Section 2(g), the Company shall issue this Severance Pay in a lump sum, less applicable withholdings, on its first payroll
date following expiration of all applicable rescission periods set forth in the Release of Claims in favor of the Company attached
as Exhibit A hereto (the “Release of Claims”), provided Executive has complied with the requirements
of Section 2(e).

 

     

     

    

 

(b)          Severance
Bonus Pay of $225,000.00, which is one times Executive’s target annual incentive bonus (the “Severance Bonus Pay”).
Subject to Section 2(g), the Company shall issue $155,000 of this Severance Bonus Pay in a lump sum, less applicable withholdings,
on its first payroll date following expiration of all applicable rescission periods set forth in the Release of Claims, and shall
issue the remaining $70,000 of this Severance Bonus Pay in a lump sum, less applicable withholdings, on its first payroll date
following the six month anniversary of the Resignation Date, in each instance provided Executive has complied with the requirements
of Section 2(e).

 

(c)          Executive’s
health coverage under the Company’s group health plan will terminate on the last day of the calendar month in which Executive’s
Resignation Date occurred. Provided Executive elects continuation coverage pursuant to COBRA or similar state laws and timely completes
and returns to the Company the documents and payments required for such election, Executive shall only be charged or responsible
for paying a portion of Executive’s medical and/or dental insurance coverage pursuant to COBRA, and the basic life insurance
coverage under the employer-provided group life insurance plan, so that Executive will be responsible for paying the same amount
as Executive would have paid as an active employee plus any vendor administrative fee, for a period of twelve (12) months after
the Resignation Date (the “Severance Benefits”). Nothing herein shall be construed to extend the period of time
over which such COBRA continuation coverage may be provided to Executive and/or his dependents beyond that mandated by law and,
provided further, that Executive shall be required to pay the entire cost of COBRA continuation coverage for any time following
the date on which the Company’s contribution obligation hereunder ceases.

 

(d)          Executive
and the Company agree that:

 

(i)          On
November 17, 2014, Executive was granted 79,916 Restricted Stock Units (“RSUs”) under the Company’s 2011
Omnibus Incentive Plan, as amended (the “Plan”) pursuant to a Restricted Stock Unit Award Agreement (the “RSU
Award”). As of the Resignation Date, none of the RSUs are vested and the RSUs shall be forfeited in their entirety;

 

(ii)         In
March of 2015, Executive was awarded an incentive stock option (the “Option”) under the Plan to purchase 36,497
shares of the Company’s common stock. As of the Resignation Date, all of the shares subject to the Option are unvested and
the Option shall be forfeited in its entirety; and

 

(iii)        In
March of 2015, Executive was granted 22,074 Performance Stock Units (“PSUs”) under the Plan pursuant to a Performance
Stock Unit Award Agreement (the “PSU Award”). As of the Resignation Date, none of the PSUs are vested and the
PSUs shall be forfeited in their entirety.

 

(e)          Notwithstanding
the foregoing provisions of this Section 2, the Company shall not be obligated to provide to Executive any Severance Pay,
Severance Bonus Pay or Severance Benefits under this Section 2 unless (i) Executive signs and delivers the Release of Claims;
(ii) Executive has not revoked the Release of Claims; (iii) the rescission periods provided by law have expired; and (iv) Executive
is in compliance with the terms of this Agreement as of the dates of the payments. The Parties agree that Executive, through his
counsel, received this Agreement and Release of Claims on February 4, 2016, and any requested changes or modifications by
Executive shall not extend the 21 day consideration period referenced in Section 5(b) of the Release of Claims.

 

    	2 

     

    

 

(f)          If
Executive is in breach of the obligations under Sections 6(f) or 9 of the Severance Plan, then, in addition to other available
remedies under applicable law, Executive shall cease to be eligible for the Severance Pay, Severance Bonus Pay and Severance Benefits
under this Section 2 and, upon the Company’s written request, must promptly repay to the Company any Severance Pay,
Severance Bonus Pay and/or Severance Benefits previously received under this Section 2. Notwithstanding and without limiting
the foregoing, Executive shall retain $5,000.00 of the Severance Pay previously paid to Executive as good and valuable consideration
for Executive’s execution of the Release of Claims in favor of the Company as set forth in Exhibit A attached hereto.

 

(g)          Executive
acknowledges and agrees that Executive is considered a “specified employee” within the meaning of Section 409A as of
the Resignation Date. As a result, notwithstanding the foregoing, the payment of any amounts under this Section 2 that is
considered deferred compensation subject to 409A and is to be paid on account of Executive’s separation from service shall
be deferred, as required by Section 409A(a)(2)(B)(i) of the Code, for six (6) months after the Resignation Date or, if earlier,
Executive’s death (the “409A Deferral Period”). To the fullest extent permissible under 409A, the Company
shall make any payments to Executive under this Section 2 prior to expiration of the 409A Deferral Period. Any payments
that otherwise would have been made during the 409A Deferral Period shall be paid in a lump sum on the date after the 409A Deferral
Period expires, and the balance of any payments shall be made as described herein.

 

3.          Continued
Obligations.

 

The payments to be made under this Agreement
shall continue to be subject to the terms of Sections 6(f) and 9 of the Severance Plan. The Company agrees that it
shall instruct its Board members and officers not to disparage Executive. Nothing herein or under Section 6(f) of the Severance
Plan shall prevent the Company (including its Board members and officers) or Executive from responding or answering truthfully
if required by applicable law or compelled by process of law. Executive agrees that such terms and conditions are reasonable and
necessary to protect the legitimate interests of the Company and that any violation of these sections of the Severance Plan by
Executive may cause substantial and irreparable harm to the Company. The Parties specifically agree that Sections 6(f) and
9 of the Severance Plan are incorporated hereto by reference and integrated herein. Executive agrees that damages would be
an inadequate remedy for the Company in the event of a breach or threatened breach of Sections 6(f) and 9 of the
Severance Plan, and thus, in any such event, the Company may, either with or without pursuing any potential damage remedies, immediately
obtain and enforce an injunction prohibiting Executive from violating the promises in such sections. Executive understands that
this provision regarding the issuance of an injunction does not limit any remedies at law or equity otherwise available to the
Company.

 

    	3 

     

    

 

4.          Miscellaneous.

 

(a)          Tax
Matters. Executive acknowledges that the Company shall deduct from any compensation payable to Executive or payable on his
behalf under this Agreement all applicable federal, state, and local income and employment taxes and other taxes and withholdings
required by law.

 

(b)          Retained
Property. Executive shall be entitled to retain his Company provided cellphone, laptop and iPad, provided, however, that Executive
agrees that he will forward his laptop to Jaime Nielsen at the address set forth in Section 5(b) of the Release of Claims by no
later than February 24, 2016 so that the Company may remove from such device all documents and electronic files belonging
to the Company from the hard drive. Executive agrees to cooperate with the Company in the removal of such materials, including
providing any passwords as may be requested to access the device. The Company agrees to return the laptop to Executive within ten
(10) business days after it has received it from Executive in accordance with the terms of this Agreement.

 

(c)          No
Mitigation. In no event shall Executive be obligated to seek other employment or take any other action to mitigate the amounts
payable to Executive under any of the provisions of this Agreement, nor shall the amount of any payment hereunder be reduced by
any compensation earned as a result of Executive’s employment by another employer.

 

(d)          Beneficiary.
If Executive dies before receiving all of the amounts payable to him in accordance with the terms and conditions of this Agreement,
such amounts shall be paid to the beneficiary (“Beneficiary”) designated by Executive in writing to the Company
during his lifetime, or if no such Beneficiary is designated, to Executive’s estate. Executive may change his designation
of Beneficiary or Beneficiaries at any time or from time to time without the consent of any prior Beneficiary, by submitting to
the Company in writing a new designation of Beneficiary.

 

(e)          Governing
Law. All matters relating to the interpretation, construction, application, validity and enforcement of this Agreement shall
be governed by the laws of the State of Minnesota without giving effect to any choice or conflict of law provision or rule, whether
of the State of Minnesota or any other jurisdiction, that would cause the application of laws of any jurisdiction other than the
State of Minnesota.

 

(f)          Jurisdiction;
Venue. Because (i) the Company is a Minnesota corporation based in Hennepin County, Minnesota, (ii) its significant contracts
are governed by Minnesota law, and (iii) it is mutually agreed that it is in the best interests of the Company customers, vendors,
suppliers and employees that a uniform body of law consistently interpreted be applied to the relationships that the Company has
with other such persons and entities, this Agreement is deemed entered into in the State of Minnesota between the Company and Executive.
The Hennepin County District Court or the United States District Court for the District of Minnesota will have exclusive jurisdiction
and venue over any disputes between the Company and Executive in any action arising out of or related to either Executive’s
or the Company’s obligations under this Agreement. Executive and the Company consent to jurisdiction of those courts and
hereby waive any defense of lack of personal jurisdiction or forum non conveniens.

 

    	4 

     

    

 

(g)          Entire
Agreement. Except as otherwise provided herein, this Agreement contains the entire agreement of the parties relating to the
subject matter hereof and supersedes all prior agreements and understandings with respect to such subject matter.

 

(h)          Amendments.
No amendment or modification of this Agreement shall be deemed effective unless made in writing and signed by the parties hereto.

 

(i)          No
Waiver. No term or condition of this Agreement shall be deemed to have been waived, except by a statement in writing signed
by the party against whom enforcement of the waiver is sought. Any written waiver shall not be deemed a continuing waiver unless
specifically stated, shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term
or condition for the future or as to any act other than that specifically waived.

 

(j)          Assignment.
This Agreement shall not be assignable, in whole or in part, by Executive without the written consent of the Company. The Company
may, without the written consent of Executive, assign its rights and obligations under this Agreement to any corporation or other
business entity (i) with which the Company may merge or consolidate, or (ii) to which the Company may sell or transfer all or substantially
all of its assets or capital stock.

 

(k)          Separate
Representation. Executive hereby acknowledges that he has sought and received independent advice from counsel of Executive’s
own selection in connection with this Agreement and has not relied to any extent on any director, officer, or stockholder of, or
counsel to, the Company in deciding to enter into this Agreement.

 

(l)          Notices.
Any notice hereunder shall be in writing and shall be deemed to have been duly given if delivered by hand, sent by reliable next-day
courier, or sent by registered or certified mail, return receipt requested, postage prepaid, to the party to receive such notice
addressed as follows:

 

If to the Company:

 

EVINE Live Inc.

6740 Shady Oak Road

Eden Prairie, MN 55344-3433

Attention: Board of Directors

 

If to Executive:

 

G. Russell Nuce

2 Bay Colony Court

East Hampton, NY 11937

 

    	5 

     

    

 

With a copy to:

 

Norris McLaughlin & Marcus, P.A.

875 Third Avenue, 8th Floor

New York, NY 10022

Attn: David T. Harmon, Esq.

 

or addressed to such other address as may have been furnished to
the sender by notice hereunder. All notices shall be deemed given on the date on which delivered if delivered by hand or on the
date sent if sent by overnight courier or certified mail, except that notice of change of address will be effective only upon receipt
by the other party.

 

(m)          Counterparts.
This Agreement may be executed in any number of counterparts, and such counterparts executed and delivered, each as an original,
shall constitute but one and the same instrument.

 

(n)          Severability.
If any provision of this Agreement shall be found by a court of competent jurisdiction to be invalid or unenforceable, in whole
or in part, then such provision shall be construed and/or modified or restricted to the extent and in the manner necessary to render
the same valid and enforceable, or shall be deemed excised from this Agreement, as the case may require, and this Agreement shall
be construed and enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein
as so modified or restricted, or as if such provision had not been originally incorporated herein, as the case may be. The Parties
further agree to seek a lawful substitute for any provision found to be unlawful; provided, that, if the Parties are unable to
agree upon a lawful substitute, the Parties desire and request that a court or other authority called upon to decide the enforceability
of this Agreement modify the Agreement so that, once modified, the Agreement will be enforceable to the maximum extent permitted
by the law in existence at the time of the requested enforcement.

 

(o)          Captions
and Headings. The captions and paragraph headings used in this Agreement are for convenience of reference only and shall not
affect the construction or interpretation of this Agreement or any of the provisions hereof.

 

[Signature page immediately following]

 

    	6 

     

    

 

IN WITNESS WHEREOF, Executive and the Company
have executed this Separation Agreement as of the Agreement Date.

 

	 	EVINE Live INC.
	 	 	 
	 	By:	/s/ Jaime B. Nielsen
	 	 	 
	 	By:	/s/ G. Russell Nuce  2/18/16
	 	 	G. Russell Nuce

 

     

     

    

 

EXHIBIT A

 

RELEASE OF CLAIMS

 

This Release of Claims (“Agreement”)
is made and entered into by and between EVINE Live Inc. (the “Company”) and G. Russell Nuce (the “Executive”).

 

BACKGROUND

 

A.           The
Company and Executive are parties to a Separation Agreement, dated February 18, 2016, that, among its terms, provides that
the Company will pay Executive certain severance benefits (the “Severance”) upon the termination of Executive’s
employment under certain circumstances (the “Separation Agreement”).

 

B.           Under
the Separation Agreement, the Company is not obligated to pay the Severance unless Executive has signed a release of claims in
favor of the Company. The parties intend this Agreement to be that release of claims.

 

NOW, THEREFORE, based on the foregoing
and the terms and conditions below, the Company and Executive, desiring to amicably resolve any and all existing and potential
disputes between them as of the date each executes this Agreement, and in consideration of the obligations and undertakings set
forth below and intending to be legally bound, agree as follows.

 

1.           Company’s
Obligations. In return for “Executive’s Obligations” (as defined in Section 2 below), and provided that
Executive signs this Agreement and does not exercise Executive’s rights to revoke or rescind Executive’s waivers of
certain discrimination claims (as described in Section 5 below), the Company will pay to Executive the Severance.

 

2.           Executive’s
Obligations. In return for the Company’s Obligations in Section 1 above, Executive knowingly and voluntarily agrees
to the following:

 

(a)          Executive
hereby fully, finally and forever releases, waives, and discharges, to the maximum extent that the law permits, any and all legal
and equitable claims against the Company that Executive has through the date on which Executive signs this Agreement. This full
and final release, waiver, and discharge extends to all and each of every legal and equitable claim(s) of any kind or nature whatsoever
including, without limitation, the following:

 

(i)          All
claims that Executive has now, whether Executive now knows about or suspects such claims;

 

(ii)         All
claims for attorney’s fees;

 

(iii)        All
rights and claims of age discrimination and retaliation under the Age Discrimination in Employment Act (“ADEA”)
as amended by the Older Workers Benefit Protection Act of 1990 (“OWBPA”); and discrimination and retaliation
claims of any kind or nature whatsoever under federal, state, or local law, including, for example, claims of discrimination and
retaliation under Title VII of the Civil Rights Act of 1964, the Americans With Disabilities Act (“ADA”), and
the Minnesota Human Rights Act (“MHRA”);

 

     

     

    

 

(iv)        All
claims arising under the Company’s Executives’ Severance Benefit Plan, except for the payments contemplated under the
Separation Agreement;

 

(v)         All
claims arising out of Executive’s employment and Executive’s separation from employment with the Company including,
for example, any alleged breach of contract, breach of implied contract, wrongful or illegal termination, defamation, invasion
of privacy, fraud, promissory estoppel, and infliction of emotional distress;

 

(vi)        All
claims for any other compensation, including vacation pay, other paid time off, severance pay, other severance benefits, incentive
opportunity or bonus pay, other grants of incentive compensation, grants of stock, stock options or other equity based compensation;

 

(vii)       All
claims under the Employee Retirement Income and Security Act of 1974, as amended (“ERISA”); and

 

(viii)      All
claims for any other alleged unlawful employment practices arising out of or relating to Executive’s employment or separation
from employment with the Company.

 

(b)          Executive
will not commence any civil actions against the Company except as necessary to enforce its obligations under this Agreement. The
Severance that Executive is receiving in this Agreement has a value that is greater than anything to which Executive is entitled.
Other than what Executive is receiving in this Agreement, the Company owes Executive nothing else in return for Executive’s
Obligations.

 

(c)          The
Parties agree that this Section 2 does not prohibit Executive from enforcing the terms and obligations imposed upon the Company
under the Separation Agreement should the Company be in breach or threatened breach of said Separation Agreement.

 

3.           Certain
Definitions. For purposes of Section 2, “Executive” means G. Russell Nuce and any person or entity that has
or obtains any legal rights or claims through G. Russell Nuce. Further, the “Company” means EVINE Live Inc.; and any
parent, subsidiary, and affiliated organization or entity in the present or past related to EVINE Live Inc.; and past and present
officers, directors, members, stockholders, attorneys, employees, agents, insurers, successors, and assigns of, and any person
who acted on behalf of or instruction of EVINE Live Inc.

 

4.           Other
Provisions.

 

(a)          The
Company has paid or will pay Executive in full for all reimbursable business expenses, earned annualized salary, and any other
earnings through the last day of Executive’s employment.

 

    	2 

     

    

 

(b)          This
Agreement does not prohibit Executive from filing an administrative charge of discrimination with, or cooperating or participating
in an investigation or proceeding conducted by, the Equal Employment Opportunity Commission or other federal or state regulatory
or law enforcement agency.

 

(c)          Nothing
in this Agreement affects Executive’s rights in any benefit plan or program in which Executive was a participant while employed
by the Company. The terms of such plans and programs control Executive’s rights.

 

(d)          The
Company will indemnify Executive as permitted by and pursuant to any agreement or policy that the Company has adopted relating
to indemnification of directors, officers, and employees; and as permitted by and pursuant to any provision of the Company’s
articles or by-laws relating to such indemnification. Executive will continue to be covered as permitted by and pursuant to any
policy of directors and/or officers liability insurance policy on the terms and conditions of the applicable policy documents and
nothing in this Agreement requires Executive to waive any right or claim for coverage under such insurance.

 

5.           Executive’s
Rights to Counsel, Consider, Revoke and Rescind.

 

(a)          The
Company hereby advises Executive to consult with an attorney prior to signing this Agreement.

 

(b)          Executive
further understands that Executive has 21 days to consider Executive’s release of rights and claims of age discrimination
under the ADEA and OWBPA, beginning on the date on which Executive receives this Agreement. Executive agrees that he was provided
this Agreement on February 4, 2016 for consideration. If Executive signs this Agreement, Executive understands that Executive
is entitled to revoke Executive’s release of any rights or claims under the ADEA and OWBPA within seven days after Executive
has executed it, and Executive’s release of any rights or claims under the ADEA and OWBPA will not become effective or enforceable
until the seven-day period has expired. If Executive delivers the rescission by mail it must be by hand or mail within the 7-day
period. If Executive delivers the rescission by mail it must be: (i) Postmarked within 7 calendar days after the date on which
Executive signs this Agreement; (ii) addressed to the Company, c/o Jaime Nielsen, SVP of Human Resources, 6740 Shady Oak Road,
Eden Prairie, MN 55344-3433; and (iii) sent by certified mail return receipt requested.

 

(c)          Executive
understands that Executive may rescind Executive’s waiver of discrimination claims under the MHRA within 15 calendar days
after the date on which Executive signs this Agreement. To rescind this waiver, Executive must put the rescission in writing and
deliver it to the Company by hand or mail within the 15-day period. If Executive delivers the rescission by mail it must be: (i)
Postmarked within 15 calendar days after the date on which Executive signs this Agreement; (ii) addressed to the Company, c/o Jamie
Nielsen, SVP of Human Resources, 6740 Shady Oak Road, Eden Prairie, MN 55344-3433; and (iii) sent by certified mail return receipt
requested.

 

If Executive revokes or rescinds Executive’s
waivers of discrimination claims as provided above, this Agreement will be null and void.

 

    	3 

     

    

 

6.           Non-Admission.
The Company and Executive enter into this Agreement expressly disavowing fault, liability and wrongdoing, liability at all times
having been denied. Neither this Agreement, nor anything contained in it, will be construed as an admission by either of them of
any liability, wrongdoing or unlawful conduct whatsoever. If this Agreement is not executed, no term of this Agreement will be
deemed an admission by either party of any right that he/it may have with or against the other.

 

7.           No
Oral Modification or Waiver. This Agreement may not be changed orally. No breach of any provision hereof can be waived
by either party unless in writing. Waiver of any one breach by a party will not be deemed to be a waiver of any other breach of
the same or any other provision hereof.

 

8.           Governing
Law. This Agreement will be governed by the substantive laws of the State of Minnesota without regard to conflicts of law
principles.

 

9.           Forum
Selection-Jurisdiction and Venue. Any disputes arising out of or related to this Agreement or any breach or alleged breach
hereof shall be exclusively decided by the Hennepin County District Court in Minnesota. Executive hereby irrevocably consents to
the personal jurisdiction of this court in connection with any dispute related to this Agreement, and he expressly waives any defense
of inconvenient forum. He further waives any bond, surety, or other security that might be required of the Company with respect
to any such dispute.

 

10.          Counterparts.
This Agreement may be executed in any number of counterparts, and each such counterpart will be deemed to be an original instrument,
and all such counterparts together will constitute but one agreement.

 

11.          Blue
Pencil Doctrine. In the event that any provision of this Agreement is unenforceable under applicable law, the validity
or enforceability of the remaining provisions will not be affected. To the extent any provision of this Agreement is judicially
determined to be unenforceable, a court of competent jurisdiction may reform any such provision to make it enforceable. The provisions
of this Agreement will, where possible, be interpreted so as to sustain its legality and enforceability.

 

12.          Agreement
Freely Entered Into. Executive and the Company have voluntarily and free from coercion entered into this Agreement. Each
has read this Agreement carefully and understands all of its terms, and has had the opportunity to discuss this Agreement with
his/its own attorney prior to its execution. In agreeing to sign this Agreement, neither party has relied on any statements or
explanations made by the other party, their respective agents or attorneys except as set forth in this Agreement. Both parties
agree to abide by this Agreement.

 

    	4 

     

    

 

	Dated	2/18/16	 	/s/ G. Russell Nuce
	 	 	 	G. Russell Nuce
	 	 	 	 	 
	Dated	February 18, 2016	 	EVINE Live Inc.
	 	 	 	 	 
	 	 	 	By:	/s/ Jaime B. Nielsen
	 	 	 	 	Name:	Jaime Nielsen
	 	 	 	 	Title:	SVP, Human Resources

 

    	5EX-4.1

 Exhibit 4.1 

APPLE INC.  

Officer’s Certificate 

Pursuant to Sections 102 and 301 of the Indenture, dated as of April 29, 2013 (the “Indenture”), by and between Apple
Inc., a corporation duly organized and existing under the laws of the State of California (the “Issuer”), and The Bank of New York Mellon Trust Company, N.A., a national banking association duly organized and existing under the laws
of the United States, as trustee (the “Trustee”), the undersigned officer does hereby certify, in connection with the issuance of (i) $500,000,000 aggregate principal amount of Floating Rate Notes due 2019 (the “2019
Floating Rate Notes”), (ii) $500,000,000 aggregate principal amount of Floating Rate Notes due 2021 (the “2021 Floating Rate Notes”), (iii) $500,000,000 aggregate principal amount of 1.300% Notes due 2018 (the
“2018 Fixed Rate Notes”), (iv) $1,000,000,000 aggregate principal amount of 1.700% Notes due 2019 (the “2019 Fixed Rate Notes”), (v) $2,250,000,000 aggregate principal amount of 2.250% Notes due 2021 (the
“2021 Fixed Rate Notes”), (vi) $1,500,000,000 aggregate principal amount of 2.850% Notes due 2023 (the “2023 Fixed Rate Notes”), (vii) $2,000,000,000 aggregate principal amount of 3.250% Notes due 2026
(the “2026 Fixed Rate Notes”), (viii) $1,250,000,000 aggregate principal amount of 4.500% Notes due 2036 (the “2036 Fixed Rate Notes”) and (ix) $2,500,000,000 aggregate principal amount of 4.650% Notes due
2046 (the “2046 Fixed Rate Notes” and, together with the 2019 Floating Rate Notes, the 2021 Floating Rate Notes, the 2018 Fixed Rate Notes, the 2019 Fixed Rate Notes, the 2023 Fixed Rate Notes, the 2026 Fixed Rate Notes and the 2036
Fixed Rate Notes, the “Notes”), that the terms of the Notes are as follows: 
 Capitalized terms used but not otherwise
defined herein shall have the meanings specified in the Indenture. 
  

	1.	2019 Floating Rate Notes  

  

			
	Title:	  	Floating Rate Notes due 2019
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$500,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 22, 2019
		
	Interest:	  	Floating rate equal to three-month LIBOR plus 0.82% per annum, reset quarterly
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016

			
	Interest Payment Dates:	  	Interest on the 2019 Floating Rate Notes will be paid quarterly in arrears on February 23, May 23, August 23 and November 23, beginning on May 23, 2016, and on the maturity date; provided, that
if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following calendar month,
in which case the Interest Payment Date shall be the immediately preceding Business Day.
		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Redemption:	  	The 2019 Floating Rate Notes shall not be redeemable prior to their maturity.
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2019 Floating Rate Notes shall include such other terms as are set forth in the form of 2019 Floating Rate Notes attached hereto as Exhibit A and in the Indenture. In addition, the global notes for
the 2019 Floating Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BR0 / US037833BR03

  

	2.	2021 Floating Rate Notes  

  

			
	Title:	  	Floating Rate Notes due 2021
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$500,000,000
		
	Original Issue Date:	  	February 23, 2016

  
 2 

			
	Maturity Date:	  	February 23, 2021
		
	Interest:	  	Floating rate equal to three-month LIBOR plus 1.13% per annum, reset quarterly
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2021 Floating Rate Notes will be paid quarterly in arrears on February 23, May 23, August 23 and November 23, beginning on May 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for
this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following calendar month, in which case the Interest
Payment Date shall be the immediately preceding Business Day.
		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Redemption:	  	The 2021 Floating Rate Notes shall not be redeemable prior to their maturity.
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2021 Floating Rate Notes shall include such other terms as are set forth in the form of 2021 Floating Rate Notes attached hereto as Exhibit B and in the Indenture. In addition, the global notes for
the 2021 Floating Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BT6 / US037833BT68

  

	3.	2018 Fixed Rate Notes  

  

			
	Title:	  	1.300% Notes due 2018

  
 3 

			
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$500,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 23, 2018
		
	Interest:	  	1.300% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2018 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a
day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.
		
	Redemption:	  	 The Issuer may, at its option, redeem the 2018 Fixed Rate Notes in whole or in part, at any time or from time to time prior to their
maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2018 Fixed Rate Notes, at a redemption price, calculated by the Issuer, equal to the
greater of:
  
 (i) 100% of the principal amount of the 2018 Fixed Rate Notes to be
redeemed; or
  
 (ii) the sum of the present values of the remaining scheduled payments
of principal and interest on the 2018 Fixed Rate Notes to be redeemed (exclusive of interest accrued to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2018 Fixed Rate Notes) plus 10 basis points,
  

plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

  
 4 

			
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2018 Fixed Rate Notes shall include such other terms as are set forth in the form of 2018 Fixed Rate Notes attached hereto as Exhibit C and in the Indenture. In addition, the global notes for the 2018
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BN9 / US037833BN98

  

	4.	2019 Fixed Rate Notes 

  

			
	Title:	  	1.700% Notes due 2019
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$1,000,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 22, 2019
		
	Interest:	  	1.700% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2019 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a
day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.

  
 5 

			
	Redemption:	  	 The Issuer may, at its option, redeem the 2019 Fixed Rate Notes in whole or in part, at any time or from time to time prior to their
maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2019 Fixed Rate Notes, at a redemption price, calculated by the Issuer, equal to the
greater of:
  
 (i) 100% of the principal amount of the 2019 Fixed Rate Notes to be
redeemed; or
  
 (ii) the sum of the present values of the remaining scheduled payments
of principal and interest on the 2019 Fixed Rate Notes to be redeemed (exclusive of interest accrued to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2019 Fixed Rate Notes) plus 12.5 basis points,
  

plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2019 Fixed Rate Notes shall include such other terms as are set forth in the form of 2019 Fixed Rate Notes attached hereto as Exhibit D and in the Indenture. In addition, the global notes for the 2019
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BQ2 / US037833BQ20

  
 6 

	5.	2021 Fixed Rate Notes 

  

			
	Title:	  	2.250% Notes due 2021
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$2,250,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 23, 2021
		
	Interest:	  	2.250% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2021 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a
day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.
		
	Redemption:	  	 Prior to January 23, 2021, the Issuer may, at its option, redeem the 2021 Fixed Rate Notes in whole or in part, at any time or from time
to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2021 Fixed Rate Notes, at a redemption price, calculated by
the Issuer, equal to the greater of:
  
 (i) 100% of the principal amount of the 2021
Fixed Rate Notes to be redeemed; or
  
 (ii) the sum of the present values of the
remaining scheduled payments of principal and interest on the 2021 Fixed Rate Notes to be redeemed (assuming the 2021 Fixed Rate Notes matured on January 23, 2021), exclusive of interest accrued to, but excluding, the date of redemption, discounted
to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2021 Fixed Rate Notes) plus 15 basis points,

  
 7 

			
		  	 plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

 
 On or after January 23, 2021, the Issuer may redeem the 2021 Fixed Rate Notes in
whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2021 Fixed Rate
Notes, at a redemption price equal to 100% of the principal amount of the 2021 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2021 Fixed Rate Notes shall include such other terms as are set forth in the form of 2021 Fixed Rate Notes attached hereto as Exhibit E and in the Indenture. In addition, the global notes for the 2021
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BS8 / US037833BS85

  

	6.	2023 Fixed Rate Notes 

  

			
	Title:	  	2.850% Notes due 2023
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$1,500,000,000

  
 8 

			
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 23, 2023
		
	Interest:	  	2.850% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2023 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a
day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.
		
	Redemption:	  	 Prior to December 23, 2022, the Issuer may, at its option, redeem the 2023 Fixed Rate Notes in whole or in part, at any time or from time
to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2023 Fixed Rate Notes, at a redemption price, calculated by
the Issuer, equal to the greater of:
  
 (i) 100% of the principal amount of the 2023
Fixed Rate Notes to be redeemed; or
  
 (ii) the sum of the present values of the
remaining scheduled payments of principal and interest on the 2023 Fixed Rate Notes to be redeemed (assuming the 2023 Fixed Rate Notes matured on December 23, 2022), exclusive of interest accrued to, but excluding, the date of redemption, discounted
to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2023 Fixed Rate Notes) plus 20 basis points,

 
 plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
redemption.
  
 On or after December 23, 2022, the Issuer may redeem the 2023 Fixed Rate
Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2023 Fixed
Rate Notes, at a redemption price equal to 100% of the principal amount of the 2023 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

  
 9 

			
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2023 Fixed Rate Notes shall include such other terms as are set forth in the form of 2023 Fixed Rate Notes attached hereto as Exhibit F and in the Indenture. In addition, the global notes for the 2023
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BU3 / US037833BU32

  

	7.	2026 Fixed Rate Notes 

  

			
	Title:	  	3.250% Notes due 2026
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$2,000,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 23, 2026
		
	Interest:	  	3.250% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016

  
 10 

			
	Interest Payment Dates:	  	Interest on the 2026 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this
Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.
		
	Redemption:	  	 Prior to November 23, 2025, the Issuer may, at its option, redeem the 2026 Fixed Rate Notes in whole or in part, at any time or from time
to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2026 Fixed Rate Notes, at a redemption price, calculated by
the Issuer, equal to the greater of:
  
 (i) 100% of the principal amount of the 2026
Fixed Rate Notes to be redeemed; or
  
 (ii) the sum of the present values of the
remaining scheduled payments of principal and interest on the 2026 Fixed Rate Notes to be redeemed (assuming the 2026 Fixed Rate Notes matured on November 23, 2025), exclusive of interest accrued to, but excluding, the date of redemption, discounted
to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2026 Fixed Rate Notes) plus 25 basis points,

 
 plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
redemption.
  
 On or after November 23, 2025, the Issuer may redeem the 2026 Fixed Rate
Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2026 Fixed
Rate Notes, at a redemption price equal to 100% of the principal amount of the 2026 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	Conversion:	  	None

  
 11 

			
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2026 Fixed Rate Notes shall include such other terms as are set forth in the form of 2026 Fixed Rate Notes attached hereto as Exhibit G and in the Indenture. In addition, the global notes for the 2026
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BY5 / US037833BY53

  

	8.	2036 Fixed Rate Notes 

  

			
	Title:	  	4.500% Notes due 2036
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$1,250,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 23, 2036
		
	Interest:	  	4.500% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2036 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a
day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.

  
 12 

			
	Redemption:	  	 Prior to August 23, 2035, the Issuer may, at its option, redeem the 2036 Fixed Rate Notes in whole or in part, at any time or from
time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2036 Fixed Rate Notes, at a redemption price, calculated
by the Issuer, equal to the greater of:
  
 (i) 100% of the principal amount of the 2036
Fixed Rate Notes to be redeemed; or
  
 (ii) the sum of the present values of the
remaining scheduled payments of principal and interest on the 2036 Fixed Rate Notes to be redeemed (assuming the 2036 Fixed Rate Notes matured on August 23, 2035), exclusive of interest accrued to, but excluding, the date of redemption,
discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2036 Fixed Rate Notes) plus 30 basis points,

 
 plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of
redemption.
  
 On or after August 23, 2035, the Issuer may redeem the 2036 Fixed
Rate Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2036
Fixed Rate Notes, at a redemption price equal to 100% of the principal amount of the 2036 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2036 Fixed Rate Notes shall include such other terms as are set forth in the form of 2036 Fixed Rate Notes attached hereto as Exhibit H and in the Indenture. In addition, the global notes for the 2036
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”

  
 13 

			
	CUSIP/ISIN:	  	037833 BW9 / US037833BW97

  

	9.	2046 Fixed Rate Notes 

  

			
	Title:	  	4.650% Notes due 2046
		
	Issuer:	  	Apple Inc.
		
	Trustee, Security Registrar and Paying Agent:	  	The Bank of New York Mellon Trust Company, N.A.
		
	Aggregate Principal Amount.	  	$2,500,000,000
		
	Original Issue Date:	  	February 23, 2016
		
	Maturity Date:	  	February 23, 2046
		
	Interest:	  	4.650% per annum
		
	Date from which Interest will Accrue:	  	From the most recent date to which interest has been paid; or, if no interest has been paid, from February 23, 2016
		
	Interest Payment Dates:	  	Interest on the 2046 Fixed Rate Notes will be paid semi-annually in arrears on February 23 and August 23, beginning on August 23, 2016, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a
day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.
		
	Redemption:	  	 Prior to August 23, 2045, the Issuer may, at its option, redeem the 2046 Fixed Rate Notes in whole or in part, at any time or from time to
time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2046 Fixed Rate Notes, at a redemption price, calculated by the
Issuer, equal to the greater of:
  
 (i) 100% of the principal amount of the 2046 Fixed
Rate Notes to be redeemed; or

  
 14 

			
		  	 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2046 Fixed Rate Notes to be
redeemed (assuming the 2046 Fixed Rate Notes matured on August 23, 2045), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting
of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2046 Fixed Rate Notes) plus 30 basis points,
  

plus, in each case, accrued and unpaid interest thereon to, but excluding, the date of redemption.

 
 On or after August 23, 2045, the Issuer may redeem the 2046 Fixed Rate Notes in
whole or in part, at any time or from time to time prior to their maturity, on at least 30 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2046 Fixed Rate
Notes, at a redemption price equal to 100% of the principal amount of the 2046 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and any integral multiple of $1,000 in excess thereof.
		
	Miscellaneous:	  	The terms of the 2046 Fixed Rate Notes shall include such other terms as are set forth in the form of 2046 Fixed Rate Notes attached hereto as Exhibit I and in the Indenture. In addition, the global notes for the 2046
Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern.”
		
	CUSIP/ISIN:	  	037833 BX7 / US037833BX70

  
 15 

 Subject to the covenants described in the Indenture, as amended or supplemented from time to
time, the Issuer shall be entitled, subject to authorization by the Board of Directors of the Issuer and an Officer’s Certificate, to issue additional notes from time to time under each series of notes issued hereby. Any such additional notes
of a series shall have identical terms as the 2019 Floating Rate Notes, the 2021 Floating Rate Notes, the 2018 Fixed Rate Notes, the 2019 Fixed Rate Notes, the 2021 Fixed Rate Notes, the 2023 Fixed Rate Notes, the 2026 Fixed Rate Notes, the 2036
Fixed Rate Notes and the 2046 Fixed Rate Notes, as the case may be, issued on the issue date, other than with respect to the date of issuance and the issue price, the date interest begins to accrue and, in certain circumstances, the first interest
payment date (together the “Additional Notes”). Any Additional Notes will be issued in accordance with Section 301 of the Indenture. 

The Officer has read and understands the provisions of the Indenture and the definitions relating thereto. The statements made in this
Officer’s Certificate are based upon the examination of the provisions of the Indenture and upon the relevant books and records of the Issuer. In such Officer’s opinion, they have made such examination or investigation as is necessary to
enable such Officer to express an informed opinion as to whether or not the covenants and conditions precedent of such Indenture relating to the issuance, authentication and delivery of the Notes have been complied with. In such Officer’s
opinion, such covenants and conditions precedent have been complied with. 
 [Signature Page Follows] 

  
 16 

 IN WITNESS WHEREOF, the undersigned officer of the Issuer has duly executed this certificate
as of February 23, 2016. 
  

			
	APPLE INC.
		
	By:	 	/s/ Gary Wipfler
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 [Signature Page to Officer’s Certificate Pursuant to the Indenture] 

 EXHIBIT A 

FORM OF FLOATING RATE NOTE DUE 2019 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO
TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON
OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

Floating Rate Note due 2019 
  

			
	No.	  	CUSIP No.: 037833 BR0
		  	ISIN No.: US037833BR03
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 22, 2019. 

Interest Payment Dates: February 23, May 23, August 23 and November 23, beginning on May 23, 2016 and on
the maturity date (each, an “Interest Payment Date”). 
 Interest Record Dates: the Business Day preceding the Interest
Payment Date (the “Interest Record Date”). 
 Reference is made to the further provisions of this Note contained herein,
which will for all purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 Floating Rate Note due
2019 
  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described below. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing May 23, 2016, to Holders of record on the immediately preceding Interest Record Date; provided,
that if an Interest Payment Date for this Note falls on a day that is not a Business Day the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following calendar
month, in which case the Interest Payment Date shall be the immediately preceding Business Day. Interest will be computed on the basis of a 360-day year and the actual number of days that have elapsed in the applicable interest period. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of
interest (without regard to any applicable grace periods) to the extent lawful. 
 The interest rate for each interest period will be
determined by the Trustee (as defined below) or its successor. The interest rate for a particular interest period will be a per annum rate equal to three-month LIBOR as determined on the interest determination date plus 0.82%. The interest
determination date for an interest period will be the second London business day preceding the first day of such interest period (or, for the interest period ending on May 23, 2016, the second London business day preceding February 23,
2016). 
 A London business day is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 

On any interest determination date, LIBOR will be equal to the offered rate for deposits in U.S. dollars having an index maturity of three
months, as such rate appears on the Reuters Page LIBOR 01 (or on such other page as may replace Reuters Page LIBOR 01 on that service, or such other service or services as may be nominated for the purpose of displaying London interbank offered rates
for U.S. dollar deposits by ICE Benchmark Administration Limited (“IBA”) or its successor or such other entity assuming the responsibility of IBA or its successor in calculating LIBOR in the event IBA or its successor no longer does so) as
of approximately 11:00 a.m., London time, on such interest determination date. 

 If three-month LIBOR does not appear on either of the pages described above, the three-month
LIBOR, in respect of such interest determination date, will be determined as follows: the Trustee will request the principal London offices of each of four major reference banks in the London interbank market, as selected by the Issuer (after
consultation with the Trustee), to provide the Trustee with its offered quotation for deposits in U.S. dollars for the period of three months commencing on the applicable interest reset date to prime banks in the London interbank market at
approximately 11:00 a.m., London time, on that interest determination date and in a principal amount of not less than $1,000,000 for a single transaction in U.S. dollars in such market at such time. If at least two quotations are provided, then the
three-month LIBOR on such interest determination date will be the arithmetic mean of such quotations. If fewer than two such quotations are provided, then the three-month LIBOR on such interest determination date will be the arithmetic mean of the
rates quoted at approximately 11:00 a.m., New York City time, on such interest determination date by three major reference banks in New York City selected by the Issuer (after consultation with the Trustee) for loans in U.S. dollars to leading
European banks, having an index maturity of three months and in a principal amount of not less than $1,000,000 for a single transaction in U.S. dollars in such market at such time; provided, however, that if the banks selected by the Issuer (after
consultation with the Trustee) are not providing quotations in the manner described by this sentence, the three-month LIBOR determined as of such interest determination date will be the three-month LIBOR in effect prior to such interest
determination date. 
 All percentages resulting from any calculation of any interest rate for this Note will be rounded, if necessary, to
the nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 3.876545% (or .03876545) would be rounded to 3.87655% (or .0387655)), and all U.S. dollar amounts will be rounded to the
nearest cent, with one-half cent being rounded upward. Each calculation of the interest rate on this Note by the Trustee will (in the absence of manifest error) be final and binding on the Holders of this Note and the Issuer. 

Upon written request from any Holder of the Notes, the Trustee will provide the interest rate in effect on such Note for the current interest
period and, if it has been determined, the interest rate to be in effect for the next interest period. 
 The interest rate on this Note
will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. 
  

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the Floating Rate Notes due 2019 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust
Indenture Act. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 

	 	7.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	8.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 
  

	 	9.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	10.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably
appoint                                        
             agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 

 
  
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of
this
Global Note following such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT B 

FORM OF FLOATING RATE NOTE DUE 2021 

UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC
(AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO
TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON
OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

Floating Rate Note due 2021 
  

			
	No.	  	CUSIP No.: 037833 BT6
		  	ISIN No.: US037833BT68
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2021. 

Interest Payment Dates: February 23, May 23, August 23 and November 23, beginning on May 23, 2016 and on
the maturity date (each, an “Interest Payment Date”). 
 Interest Record Dates: the Business Day preceding the Interest
Payment Date (the “Interest Record Date”). 
 Reference is made to the further provisions of this Note contained herein,
which will for all purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 Floating Rate Note due
2021 
  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described below. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing May 23, 2016, to Holders of record on the immediately preceding Interest Record Date; provided,
that if an Interest Payment Date for this Note falls on a day that is not a Business Day the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following calendar
month, in which case the Interest Payment Date shall be the immediately preceding Business Day. Interest will be computed on the basis of a 360-day year and the actual number of days that have elapsed in the applicable interest period. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of
interest (without regard to any applicable grace periods) to the extent lawful. 
 The interest rate for each interest period will be
determined by the Trustee (as defined below) or its successor. The interest rate for a particular interest period will be a per annum rate equal to three-month LIBOR as determined on the interest determination date plus 1.13%. The interest
determination date for an interest period will be the second London business day preceding the first day of such interest period (or, for the interest period ending on May 23, 2016, the second London business day preceding February 23,
2016). 
 A London business day is a day on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 

On any interest determination date, LIBOR will be equal to the offered rate for deposits in U.S. dollars having an index maturity of three
months, as such rate appears on the Reuters Page LIBOR 01 (or on such other page as may replace Reuters Page LIBOR 01 on that service, or such other service or services as may be nominated for the purpose of displaying London interbank offered rates
for U.S. dollar deposits by ICE Benchmark Administration Limited (“IBA”) or its successor or such other entity assuming the responsibility of IBA or its successor in calculating LIBOR in the event IBA or its successor no longer does so) as
of approximately 11:00 a.m., London time, on such interest determination date. 

 If three-month LIBOR does not appear on either of the pages described above, the three-month
LIBOR, in respect of such interest determination date, will be determined as follows: the Trustee will request the principal London offices of each of four major reference banks in the London interbank market, as selected by the Issuer (after
consultation with the Trustee), to provide the Trustee with its offered quotation for deposits in U.S. dollars for the period of three months commencing on the applicable interest reset date to prime banks in the London interbank market at
approximately 11:00 a.m., London time, on that interest determination date and in a principal amount of not less than $1,000,000 for a single transaction in U.S. dollars in such market at such time. If at least two quotations are provided, then the
three-month LIBOR on such interest determination date will be the arithmetic mean of such quotations. If fewer than two such quotations are provided, then the three-month LIBOR on such interest determination date will be the arithmetic mean of the
rates quoted at approximately 11:00 a.m., New York City time, on such interest determination date by three major reference banks in New York City selected by the Issuer (after consultation with the Trustee) for loans in U.S. dollars to leading
European banks, having an index maturity of three months and in a principal amount of not less than $1,000,000 for a single transaction in U.S. dollars in such market at such time; provided, however, that if the banks selected by the Issuer (after
consultation with the Trustee) are not providing quotations in the manner described by this sentence, the three-month LIBOR determined as of such interest determination date will be the three-month LIBOR in effect prior to such interest
determination date. 
 All percentages resulting from any calculation of any interest rate for this Note will be rounded, if necessary, to
the nearest one hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 3.876545% (or .03876545) would be rounded to 3.87655% (or .0387655)), and all U.S. dollar amounts will be rounded to the
nearest cent, with one-half cent being rounded upward. Each calculation of the interest rate on this Note by the Trustee will (in the absence of manifest error) be final and binding on the Holders of this Note and the Issuer. 

Upon written request from any Holder of the Notes, the Trustee will provide the interest rate in effect on such Note for the current interest
period and, if it has been determined, the interest rate to be in effect for the next interest period. 
 The interest rate on this Note
will in no event be higher than the maximum rate permitted by New York law as the same may be modified by United States law of general application. 
  

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the Floating Rate Notes due 2021 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

 For purposes of this Note, unless otherwise defined herein, capitalized terms herein are
used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust
Indenture Act. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 

	 	7.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	8.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 
  

	 	9.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	10.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT C 

FORM OF NOTE DUE 2018 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

1.300% Note due 2018 
  

			
	No.	  	CUSIP No.: 037833 BN9
		  	ISIN No.: US037833BN98
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2018. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 1.300% Note due 2018

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 1.300% Notes due 2018 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to the maturity date, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of
interest accrued to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as
defined below) plus 10 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having
a maturity comparable to the remaining term (“Remaining Life”) of the Notes 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 Notes. 

 “Comparable Treasury Price” means, with respect to any
redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment
Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of
Article XI of the Indenture shall apply to any redemption of the Notes. 

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not
more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption
date, the manner in which the redemption price will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and
after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the
Depositary, in the case of Notes represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 
  

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT D 

FORM OF NOTE DUE 2019 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

1.700% Note due 2019 
  

			
	No.	  	CUSIP No.: 037833 BQ2
		  	ISIN No.: US037833BQ20
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 22, 2019. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 1.700% Note due 2019

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 1.700% Notes due 2019 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to the maturity date, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of
interest accrued to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as
defined below) plus 12.5 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having
a maturity comparable to the remaining term (“Remaining Life”) of the Notes 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 Notes. 

 “Comparable Treasury Price” means, with respect to any
redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer
than four such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment
Banker” means one of the Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 
 The provisions of
Article XI of the Indenture shall apply to any redemption of the Notes. 

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not
more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption
date, the manner in which the redemption price will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and
after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the
Depositary, in the case of Notes represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 
  

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT E 

FORM OF NOTE DUE 2021 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

2.250% Note due 2021 
  

			
	No.	  	CUSIP No.: 037833 BS8
		  	ISIN No.: US037833BS85
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2021. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 2.250% Note due 2021

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 2.250% Notes due 2021 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to January 23, 2021, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (assuming such
Notes matured on January 23, 2021), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate
equal to the sum of the applicable Treasury Rate (as defined below) plus 15 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

On or after January 23, 2021, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States
Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on January 23, 2021) 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 Notes (assuming such Notes matured on January 23,
2021). 
 “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of
the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the
Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 

 The provisions of Article XI of the Indenture shall apply to any redemption of the Notes.

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not more than 60 days before the redemption date
to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the redemption price
will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease
to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes represented by a
Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT F 

FORM OF NOTE DUE 2023 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

2.850% Note due 2023 
  

			
	No.	  	CUSIP No.: 037833 BU3
		  	ISIN No.: US037833BU32
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2023. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 2.850% Note due 2023

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 2.850% Notes due 2023 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to December 23, 2022, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (assuming such
Notes matured on December 23, 2022), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate
equal to the sum of the applicable Treasury Rate (as defined below) plus 20 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

On or after December 23, 2022, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States
Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on December 23, 2022) 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 Notes (assuming such Notes matured on December 23,
2022). 
 “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of
the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the
Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 

 The provisions of Article XI of the Indenture shall apply to any redemption of the Notes.

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not more than 60 days before the redemption date
to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the redemption price
will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease
to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes represented by a
Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT G 

FORM OF NOTE DUE 2026 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

3.250% Note due 2026 
  

			
	No.	  	CUSIP No.: 037833 BY5
		  	ISIN No.: US037833BY53
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2026. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 3.250% Note due 2026

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 3.250% Notes due 2026 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to November 23, 2025, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (assuming such
Notes matured on November 23, 2025), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate
equal to the sum of the applicable Treasury Rate (as defined below) plus 25 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

On or after November 23, 2025, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States
Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on November 23, 2025) 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 Notes (assuming such Notes matured on November 23,
2025). 
 “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of
the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the
Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 

 The provisions of Article XI of the Indenture shall apply to any redemption of the Notes.

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not more than 60 days before the redemption date
to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the redemption price
will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease
to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes represented by a
Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT H 

FORM OF NOTE DUE 2036 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

4.500% Note due 2036 
  

			
	No.	  	CUSIP No.: 037833 BW9
		  	ISIN No.: US037833BW97
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2036. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 4.500% Note due 2036

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 4.500% Notes due 2036 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to August 23, 2035, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (assuming such
Notes matured on August 23, 2035), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal
to the sum of the applicable Treasury Rate (as defined below) plus 30 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

On or after August 23, 2035, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States
Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on August 23, 2035) 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 Notes (assuming such Notes matured on August 23,
2035). 
 “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of
the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the
Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 

 The provisions of Article XI of the Indenture shall apply to any redemption of the Notes.

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not more than 60 days before the redemption date
to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the redemption price
will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease
to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes represented by a
Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably
appoint                                        
            agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 

 
  
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

 EXHIBIT I 

FORM OF NOTE DUE 2046 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

 APPLE INC. 

4.650% Note due 2046 
  

			
	No.	  	CUSIP No.: 037833 BX7
		  	ISIN No.: US037833BX70
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay to
CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on February 23, 2046. 

Interest Payment Dates: February 23 and August 23, beginning on August 23, 2016 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: February 9 and August 9 (each, an “Interest Record
Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same
effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officer. 
  

			
	APPLE INC.
		
	By:	 	 
		 	Name: Gary Wipfler
		 	Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: February 23, 2016 
  

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 4.650% Note due 2046

  

	 	1.	Interest 

 Apple Inc. (the “Issuer”) promises to pay interest on the principal
amount of this Note at the rate per annum described above. Cash interest on the Notes will accrue from February 23, 2016 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid
to, but excluding, the relevant Interest Payment Date. The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing August 23, 2016, to Holders of record on the immediately preceding Interest Record Date;
provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting
of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The Issuer shall pay interest on
overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	2.	Paying Agent and Security Registrar. 

 Initially, The Bank of New York Mellon Trust Company,
N.A. (the “Trustee”) will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent and Security Registrar without notice to the Holders. 

 

	 	3.	Indenture; Defined Terms. 

 This Note is one of the 4.650% Notes due 2046 (the
“Notes”) issued under an indenture, dated as of April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated February 23, 2016,
issued pursuant to Section 301 of the Indenture (together with the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

For purposes of this Note, unless otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the
Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act as in effect on the date on which the Indenture was qualified under the Trust Indenture Act. Notwithstanding anything to the
contrary herein, the Notes are subject to all such terms, and Holders of Notes are referred to the Indenture and the Trust Indenture Act for a statement of them. 

	 	4.	Denominations; Transfer; Exchange. 

 The Notes are in registered form, without coupons, in
denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder shall register the transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any
Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption, nor need the Issuer register the transfer or exchange of any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part. 
  

	 	5.	Amendment; Supplement; Waiver. 

 Subject to certain exceptions, the Notes and the provisions of
the Indenture relating to the Notes may be amended or supplemented and any existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal
amount of each series of Outstanding Securities (including the Notes) under the Indenture that is affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder of the Notes, the parties
thereto may amend or supplement the Indenture and the Notes to, among other things, cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the Trust
Indenture Act, or make any other change that does not adversely affect the rights of any Holder of the Notes in any material respect. 
  

	 	6.	Redemption. 

 Prior to August 23, 2045, the Issuer may, at its option, redeem any of the
Notes in whole or in part at any time and from time to time, each at a redemption price calculated by the Issuer equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed; or 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (assuming such
Notes matured on August 23, 2045), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal
to the sum of the applicable Treasury Rate (as defined below) plus 30 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

On or after August 23, 2045, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 

Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to
a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States
Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on August 23, 2045) 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 Notes (assuming such Notes matured on August 23,
2045). 
 “Comparable Treasury Price” means, with respect to any redemption date, (1) the average of
the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer
Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the
Reference Treasury Dealers that the Issuer shall appoint to act as the Independent Investment Banker from time to time. 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., Deutsche Bank Securities
Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury
Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to: (1) the yield,
under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the applicable
Comparable Treasury Issue will be determined and the Treasury Rate will be interpolated or extrapolated from those yields on a straight line basis, rounding to the nearest month; or (2) if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per year equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated using a price for the applicable
Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated by the Issuer on the third business day preceding the
redemption date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” above, the term “business day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or obligated by law or executive order to close. 

 The provisions of Article XI of the Indenture shall apply to any redemption of the Notes.

 Notice of any redemption will be mailed or electronically delivered at least 30 days but not more than 60 days before the redemption date
to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the redemption price
will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date, interest will cease
to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes represented by a
Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	7.	Defaults and Remedies. 

 If an Event of Default (other than certain bankruptcy Events of
Default with respect to the Issuer) under the Indenture occurs with respect to the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of the Outstanding Notes, shall by written
notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of Default with respect to the Issuer occurs and is
continuing, then the entire principal amount of the Outstanding Notes together with all accrued and unpaid interest and premium, if any, will automatically become due immediately and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably
requires. The Indenture permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Notes then Outstanding to direct the Trustee in its exercise of any trust or power. The Trustee may withhold
from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is not opposed to their interest. 
  

	 	8.	Authentication. 

 This Note shall not be valid until the Trustee manually signs the certificate
of authentication on this Note. 
  

	 	9.	Abbreviations and Defined Terms. 

 Customary abbreviations may be used in the name of a Holder
of a Note or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors
Act). 

	 	10.	CUSIP Numbers. 

 Pursuant to a recommendation promulgated by the Committee on Uniform Security
Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Notes as a convenience to the Holders of Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only
on the other identification numbers printed hereon. 
  

	 	11.	Governing Law. 

 The Indenture and the Notes shall be governed by, and construed in accordance
with, the law of the State of New York. 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
 I or we assign
and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint
                                         
           agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

 
  

							
	Date:	 	 	  	        Your Signature:	  	 

  
  

Sign exactly as your name appears on the other side of this Note. 
  

					
		 		 	Signature

 Signature Guarantee: 
  

					
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Security Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security
Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 SCHEDULE OF EXCHANGES OF NOTES 

The initial principal amount of this Global Note is $ [●]. 

The following exchanges of a part of this Global Note for physical Notes or a part of another Global Note have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of
this
Global Note
	 	 Amount of increase in
principal amount of
this
Global Note
	 	 Principal amount of this
Global Note following
such
decrease (or increase)
	 	 Signature of authorized
officer of
Trustee

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}]]