Document:

THIS
NOTE, IS A GLOBAL SECURITY WITHIN THE MEANING OF SECTION 2.05 OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE
NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME
OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER
OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.

 

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

 

THE COCA-COLA
COMPANY

 

1.500% Notes
due 2028

 

No. [__] 

             $[__________]

 

CUSIP No. 191216
DJ6

ISIN No. US191216
DJ60

 

THE
COCA-COLA COMPANY, a Delaware corporation (hereinafter called the “Company,” which term includes any successor
corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or
its registered assigns, the principal sum of [__________] Dollars (U.S. $[____________]) on March 5, 2028 and to pay interest
thereon from March 5, 2021, or from and including the most recent Interest Payment Date to which interest has been paid or
provided for, semi-annually on March 5 and September 5 in each year, commencing September 5, 2021 at the rate of 1.500% per
annum (calculated on the basis of a 360-day year comprised of twelve 30-day months, rounded to the nearest cent), until the
principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or
more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall
be the 15th calendar day (whether or not a Business Day) before the next Interest Payment Date. Any such interest which is
payable but is not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this Series not less than 10 days prior to such Special
Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities
exchange on which the Securities of this Series may be listed, and upon such notice as may be required by such exchange, all
as more fully provided in said Indenture.

    	 

    	 

    

If
either a date for payment of principal or interest on this Security or the Maturity of this Security falls on a day that is not
a Business Day at the relevant place of payment, the related payment of principal or interest will be made on the next succeeding
Business Day at such place of payment and no interest will accrue as a result of such delayed payment on amounts payable from
and after such Interest Payment Date to the next succeeding Business Day. For this purpose, “Business Day” means any
day that is not a Saturday or Sunday and that is not a day on which banking institutions are generally authorized or obligated
by law or executive order to close in The City of New York and, for any place of payment outside of The City of New York, in such
place of payment.

 

Payment
of the principal of and interest on this Security will be made at the office or agency of the Company maintained for that purpose
in the Borough of Manhattan, The City of New York, New York in such coin or currency of the United States of America as at the
time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company
payment of interest may be made by check drawn upon any Paying Agent and mailed-on or prior to an Interest Payment Date to the
address of the Person entitled thereto as such address shall appear in the Securities Register, or, upon written application by
the Holder to the Securities Registrar setting forth wire instructions not later than the relevant Record Date, by wire transfer
to a Dollar account.

 

Reference
is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

 

Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof, directly or through
an authenticating agent, by the manual signature of an authorized signatory, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 

    	 

    	 

    

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal.

 

Dated:

	 	THE COCA-COLA COMPANY
	 	 	 
	 	By: 	
	 	 	Name: Stacy Apter
	 	 	Title: Vice President and Treasurer

 

Attest:

 

	 	 
	Name: Jennifer Manning
	Title: Secretary

 

 [Signature
Page – Global Note]

    	 

    	 

    

(Trustee’s Certificate
of Authentication)

 

This is one of
the Securities of the Series provided for in the within-mentioned Indenture.

 

	 	Deutsche Bank Trust Company Americas, as Trustee
	 	 	 
	 	By: 	
	 	 	Authorized Signatory
	 	 	 
	 	By:	
	 	 	Authorized Signatory

 

 [Signature
Page – Global Note]

    	 

    	 

    

[Reverse]

 

This
Note (as defined herein) is one of a duly authorized issue of debentures, notes or other evidences of indebtedness of the Company
(herein called the “Securities”), issued and to be issued in one or more Series under an Indenture, dated as of April
26, 1988, as amended and supplemented by that First Supplemental Indenture, dated as of February 24, 1992, and by that Second
Supplemental Indenture, dated as of November 1, 2007 (as so amended and supplemented, herein called the “Indenture”),
between the Company and Bankers Trust Company (now known as Deutsche Bank Trust Company Americas), as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental
thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated
and delivered. The Securities may be issued in one or more Series, which different Series may be issued in various aggregate principal
amounts, may mature at different times, may bear interest (if any) at different rates, may be denominated and bear interest, if
any, in Dollars or in a Foreign Currency, may be subject to different redemption provisions (if any), may be subject to different
sinking, purchase or analogous funds (if any), may be subject to different covenants and Events of Default and may otherwise vary
as in the Indenture provided. This Security is one of a Series of Securities of the Company designated as set forth on the face
hereof (herein called the “Notes”), limited in aggregate principal amount to $750,000,000.

 

No
sinking fund is provided for the Notes.

 

In
the event of a deposit or withdrawal of an interest in this Note, including an exchange, redemption or transfer of this Note in
part only, the Trustee, as custodian of the Depositary, shall make an adjustment on its records to reflect such deposit or withdrawal
in accordance with the rules and procedures of The Depository Trust Company applicable to, and as in effect at the time of, such
transaction.

 

If
an Event of Default with respect to the Notes shall occur and be continuing, the principal of, and accrued interest on, the Notes
may be declared due and payable in the manner and with the effect provided in the Indenture. Upon payment (i) of the amount of
principal so declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the
extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment
of such principal of and interest, if any, on the Notes shall terminate. The Holders shall have such other rights and remedies
after the occurrence and during the continuance of an Event of Default as set forth in the Indenture.

    	 

    	 

    

The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each Series under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the
time outstanding of each Series to be affected by such amendment or modification. The Indenture also contains provisions permitting
the Holders of specified percentages in aggregate principal amount of the Securities of each Series at the time outstanding, on
behalf of the Holders of all Securities of such Series, to waive compliance by the Company with certain provisions of the Indenture
and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall
be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration
of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Note. The Indenture contains provisions setting forth certain conditions to the institution of proceedings by Holders of Securities
with respect to the Indenture or for any remedy under the Indenture. Section 12.01(a) of the Indenture also contains provisions
applicable to the Notes relating to the Company’s ability to discharge its obligations with respect to the Notes and under the
Indenture with respect to the Notes, upon the deposit of money, U.S. Government Obligations or other government obligations, in
an amount sufficient to pay and discharge the principal of and interest on the Notes to the Maturity of the Note, in certain specified
circumstances. The defeasance provisions described in Section 12.01(b) of the Indenture will not be applicable to the Notes. The
lien and sale and lease back provisions described in Sections 5.03 and 5.04 of the Indenture will not be applicable to the Notes.

 

Subject
to the next preceding sentence hereof, no reference herein to the Indenture and no provision of this Note or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest
on this Note at the times, place and rate, and in the coin or currency, herein prescribed.

 

As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the
Securities Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any
place where the principal of and interest on this Security are payable, duly endorsed, or accompanied by a written instrument
of transfer in form satisfactory to the Company duly executed, by the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to
the designated transferee or transferees.

 

The
Notes are issuable only in registered form without coupons in denominations of $2,000 and in integral multiples of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein set forth, this Note is exchangeable for a like
aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the same.

 

No
service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith.

 

The
Company may redeem the Notes at its option and at any time, either as a whole or in part. If the Company elects to redeem the
Notes, the Company will pay a Redemption Price equal to the greater of:

 

		·	100%
                                         of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest
                                         to, but excluding, the Redemption Date; and

 

		·	the
                                         sum of the present values of the Remaining Scheduled Payments, plus accrued and unpaid
                                         interest to, but excluding, the Redemption Date (excluding any portion of such payments
                                         of interest accrued as of the Redemption Date).

    	 

    	 

    

The
Trustee shall have no responsibility for the calculation of the Redemption Price.

 

In
determining the present value of the Remaining Scheduled Payments, the Company will discount such payments to the Redemption Date
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury
Rate plus 10 basis points. A partial redemption of the Notes may be effected by such method as the Trustee shall deem fair and
appropriate in accordance with DTC procedures and may provide for the selection for redemption of portions (equal to the minimum
authorized denomination for the Notes or any integral multiple of $1,000 in excess thereof) of the principal amount of such Notes
of a denomination larger than the minimum authorized denomination for such Notes.

 

The
term “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent
yield to maturity of the Comparable Treasury Issue (as defined below). In determining this rate, the Company assumes a price for
the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price (as defined
below) for such Redemption Date.

 

The
term “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker
(as defined below) as having a maturity comparable to the remaining term 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 issue of corporate debt securities of
comparable maturity to the remaining term of such Notes.

 

“Independent
Investment Banker” means each of Barclays Capital Inc., Goldman Sachs & Co. LLC and a Primary Treasury Dealer selected
by Santander Investment Securities Inc., and their respective successors as may be appointed from time to time by the Trustee
after consultation with the Company; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government
securities dealer in the United States (a “Primary Treasury Dealer”), the Company shall substitute therefor another
Primary Treasury Dealer.

 

The
term “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the arithmetic average of the
Reference Treasury Dealer Quotations (as defined below) for such Redemption Date, after excluding the highest and lowest of such
Reference Treasury Dealer Quotations, or (2) if the Company obtains fewer than three such Reference Treasury Dealer Quotations,
the arithmetic average of all Reference Treasury Dealer Quotations obtained, or (3) if only one Reference Treasury Dealer
Quotation is obtained, such Reference Treasury Dealer Quotation.

 

“Reference
Treasury Dealer” means each of Barclays Capital Inc., Goldman Sachs & Co. LLC and a Primary Treasury Dealer selected
by Santander Investment Securities Inc., and their respective successors; provided, however, that if any of the foregoing shall
cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

    	 

    	 

    

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the arithmetic
average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as
a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer by 5:00 p.m. on the third
Business Day preceding such Redemption Date.

 

“Remaining
Scheduled Payments” means, with respect to any Note, the Remaining Scheduled Payments of the principal thereof to be redeemed
and interest thereon that would be due after the related Redemption Date but for such redemption; provided, however, that, if
such Redemption Date is not an interest payment date with respect to such Note, the amount of the next scheduled interest payment
thereon will be reduced by the amount of interest accrued thereon to such Redemption Date.

 

Notice
of any redemption will be mailed at least 15 days but not more than 30 days before the Redemption Date to each holder of Notes
to be redeemed.

 

Unless
the Company 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.

 

The
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as
the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary.

 

All
terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. The Notes
are governed by the laws of the State of New York.

    	 

    	 

    

ABBREVIATIONS

 

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

 

	TEN
    COM	-	as
    tenants in common
	TEN
    ENT	-	as
    tenants by entireties (Cust)
	JT
    TEN	-	As
    joint tenants with right of survivorship and not as tenants in common
	UNIF
    GIFT MIN ACT	-	_____________
                                         Custodian __________________

                                                                 (Minor)

        Under Uniform Gifts to Minors
        Act                            

                                                                           (State)

  

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

    	 

    	 

    

FORM OF ASSIGNMENT

 

For value received
                                      
           hereby sell(s), assign(s) and transfer(s) unto                                       
           (Please insert social security or other identifying
number of assignee) the within Note, and hereby irrevocably constitutes and appoints                                       
           as attorney to transfer the said
Note on the books of the Company, with full power of substitution in the premises.

 

Dated:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	Signature(s)
	 	 	 
	 	 	Signature(s) must be guaranteed
by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under
the Securities Exchange Act of 1934.THIS
NOTE, IS A GLOBAL SECURITY WITHIN THE MEANING OF SECTION 2.05 OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE
NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME
OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER
OF THIS NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED
IN THE INDENTURE.

 

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

 

THE COCA-COLA
COMPANY

 

2.000% Notes
due 2031

 

No. [__] 

             $[__________]

 

CUSIP No. 191216
DK3

ISIN No. US191216 DK34

 

THE
COCA-COLA COMPANY, a Delaware corporation (hereinafter called the “Company,” which term includes any successor corporation
under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or its registered
assigns, the principal sum of [__________] Dollars (U.S. $[____________]) on March 5, 2031 and to pay interest thereon from March
5, 2021, or from and including the most recent Interest Payment Date to which interest has been paid or provided for, semi-annually
on March 5 and September 5 in each year, commencing September 5, 2021 at the rate of 2.000% per annum (calculated on the basis
of a 360-day year comprised of twelve 30-day months, rounded to the nearest cent), until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as
provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on the Regular Record Date for such interest, which shall be the 15th calendar day (whether or not a
Business Day) before the next Interest Payment Date. Any such interest which is payable but is not so punctually paid or duly
provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record
Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities
of this Series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Securities of this Series may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in said Indenture.

    	 

    	 

    

If
either a date for payment of principal or interest on this Security or the Maturity of this Security falls on a day that is not
a Business Day at the relevant place of payment, the related payment of principal or interest will be made on the next succeeding
Business Day at such place of payment and no interest will accrue as a result of such delayed payment on amounts payable from
and after such Interest Payment Date to the next succeeding Business Day. For this purpose, “Business Day” means any
day that is not a Saturday or Sunday and that is not a day on which banking institutions are generally authorized or obligated
by law or executive order to close in The City of New York and, for any place of payment outside of The City of New York, in such
place of payment.

 

Payment
of the principal of and interest on this Security will be made at the office or agency of the Company maintained for that purpose
in the Borough of Manhattan, The City of New York, New York in such coin or currency of the United States of America as at the
time of payment is legal tender for payment of public and private debts; provided, however, that at the option of the Company
payment of interest may be made by check drawn upon any Paying Agent and mailed-on or prior to an Interest Payment Date to the
address of the Person entitled thereto as such address shall appear in the Securities Register, or, upon written application by
the Holder to the Securities Registrar setting forth wire instructions not later than the relevant Record Date, by wire transfer
to a Dollar account.

 

Reference
is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place.

 

Unless
the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof, directly or through
an authenticating agent, by the manual signature of an authorized signatory, this Security shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose. 

    	 

    	 

    

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its corporate seal.

 

Dated:

	 	THE COCA-COLA COMPANY
	 	 	 
	 	By: 	
	 	 	Name: Stacy Apter
	 	 	Title: Vice President and Treasurer

 

Attest:

 

	 	 
	Name: Jennifer Manning
	Title: Secretary

 

 [Signature
Page – Global Note]

    	 

    	 

    

(Trustee’s Certificate
of Authentication)

 

This is one of
the Securities of the Series provided for in the within-mentioned Indenture.

 

	 	Deutsche Bank Trust Company Americas, as Trustee
	 	 	 
	 	By: 	
	 	 	Authorized Signatory
	 	 	 
	 	By:	
	 	 	Authorized Signatory

 

 [Signature
Page – Global Note]

    	 

    	 

    

[Reverse]

 

This
Note (as defined herein) is one of a duly authorized issue of debentures, notes or other evidences of indebtedness of the Company
(herein called the “Securities”), issued and to be issued in one or more Series under an Indenture, dated as of April
26, 1988, as amended and supplemented by that First Supplemental Indenture, dated as of February 24, 1992, and by that Second
Supplemental Indenture, dated as of November 1, 2007 (as so amended and supplemented, herein called the “Indenture”),
between the Company and Bankers Trust Company (now known as Deutsche Bank Trust Company Americas), as Trustee (herein called the
“Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental
thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder
of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated
and delivered. The Securities may be issued in one or more Series, which different Series may be issued in various aggregate principal
amounts, may mature at different times, may bear interest (if any) at different rates, may be denominated and bear interest, if
any, in Dollars or in a Foreign Currency, may be subject to different redemption provisions (if any), may be subject to different
sinking, purchase or analogous funds (if any), may be subject to different covenants and Events of Default and may otherwise vary
as in the Indenture provided. This Security is one of a Series of Securities of the Company designated as set forth on the face
hereof (herein called the “Notes”), limited in aggregate principal amount to $750,000,000.

 

No
sinking fund is provided for the Notes.

 

In
the event of a deposit or withdrawal of an interest in this Note, including an exchange, redemption or transfer of this Note in
part only, the Trustee, as custodian of the Depositary, shall make an adjustment on its records to reflect such deposit or withdrawal
in accordance with the rules and procedures of The Depository Trust Company applicable to, and as in effect at the time of, such
transaction.

 

If
an Event of Default with respect to the Notes shall occur and be continuing, the principal of, and accrued interest on, the Notes
may be declared due and payable in the manner and with the effect provided in the Indenture. Upon payment (i) of the amount of
principal so declared due and payable and (ii) of interest on any overdue principal and overdue interest (in each case to the
extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment
of such principal of and interest, if any, on the Notes shall terminate. The Holders shall have such other rights and remedies
after the occurrence and during the continuance of an Event of Default as set forth in the Indenture.

    	 

    	 

    

The
Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each Series under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the
time outstanding of each Series to be affected by such amendment or modification. The Indenture also contains provisions permitting
the Holders of specified percentages in aggregate principal amount of the Securities of each Series at the time outstanding, on
behalf of the Holders of all Securities of such Series, to waive compliance by the Company with certain provisions of the Indenture
and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall
be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration
of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Note. The Indenture contains provisions setting forth certain conditions to the institution of proceedings by Holders of Securities
with respect to the Indenture or for any remedy under the Indenture. Section 12.01(a) of the Indenture also contains provisions
applicable to the Notes relating to the Company’s ability to discharge its obligations with respect to the Notes and under the
Indenture with respect to the Notes, upon the deposit of money, U.S. Government Obligations or other government obligations, in
an amount sufficient to pay and discharge the principal of and interest on the Notes to the Maturity of the Note, in certain specified
circumstances. The defeasance provisions described in Section 12.01(b) of the Indenture will not be applicable to the Notes. The
lien and sale and lease back provisions described in Sections 5.03 and 5.04 of the Indenture will not be applicable to the Notes.

 

Subject
to the next preceding sentence hereof, no reference herein to the Indenture and no provision of this Note or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest
on this Note at the times, place and rate, and in the coin or currency, herein prescribed.

 

As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the
Securities Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any
place where the principal of and interest on this Security are payable, duly endorsed, or accompanied by a written instrument
of transfer in form satisfactory to the Company duly executed, by the Holder hereof or his attorney duly authorized in writing,
and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to
the designated transferee or transferees.

 

The
Notes are issuable only in registered form without coupons in denominations of $2,000 and in integral multiples of $1,000 in excess
thereof. As provided in the Indenture and subject to certain limitations therein set forth, this Note is exchangeable for a like
aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the same.

 

No
service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge payable in connection therewith.

 

The
Company may redeem the Notes at its option and at any time, either as a whole or in part. If the Company elects to redeem the
Notes, the Company will pay a Redemption Price equal to the greater of:

 

		·	100%
                                         of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest
                                         to, but excluding, the Redemption Date; and

 

		·	the
                                         sum of the present values of the Remaining Scheduled Payments, plus accrued and unpaid
                                         interest to, but excluding, the Redemption Date (excluding any portion of such payments
                                         of interest accrued as of the Redemption Date).

    	 

    	 

    

The
Trustee shall have no responsibility for the calculation of the Redemption Price.

 

In
determining the present value of the Remaining Scheduled Payments, the Company will discount such payments to the Redemption Date
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) using a discount rate equal to the Treasury
Rate plus 10 basis points. A partial redemption of the Notes may be effected by such method as the Trustee shall deem fair and
appropriate in accordance with DTC procedures and may provide for the selection for redemption of portions (equal to the minimum
authorized denomination for the Notes or any integral multiple of $1,000 in excess thereof) of the principal amount of such Notes
of a denomination larger than the minimum authorized denomination for such Notes.

 

The
term “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent
yield to maturity of the Comparable Treasury Issue (as defined below). In determining this rate, the Company assumes a price for
the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price (as defined
below) for such Redemption Date.

 

The
term “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker
(as defined below) as having a maturity comparable to the remaining term 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 issue of corporate debt securities of
comparable maturity to the remaining term of such Notes.

 

“Independent
Investment Banker” means each of Barclays Capital Inc., Goldman Sachs & Co. LLC and a Primary Treasury Dealer selected
by Santander Investment Securities Inc., and their respective successors as may be appointed from time to time by the Trustee
after consultation with the Company; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government
securities dealer in the United States (a “Primary Treasury Dealer”), the Company shall substitute therefor another
Primary Treasury Dealer.

 

The
term “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the arithmetic average of the
Reference Treasury Dealer Quotations (as defined below) for such Redemption Date, after excluding the highest and lowest of such
Reference Treasury Dealer Quotations, or (2) if the Company obtains fewer than three such Reference Treasury Dealer Quotations,
the arithmetic average of all Reference Treasury Dealer Quotations obtained, or (3) if only one Reference Treasury Dealer
Quotation is obtained, such Reference Treasury Dealer Quotation.

 

“Reference
Treasury Dealer” means each of Barclays Capital Inc., Goldman Sachs & Co. LLC and a Primary Treasury Dealer selected
by Santander Investment Securities Inc., and their respective successors; provided, however, that if any of the foregoing shall
cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

    	 

    	 

    

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the arithmetic
average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as
a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer by 5:00 p.m. on the third
Business Day preceding such Redemption Date.

 

“Remaining
Scheduled Payments” means, with respect to any Note, the Remaining Scheduled Payments of the principal thereof to be redeemed
and interest thereon that would be due after the related Redemption Date but for such redemption; provided, however, that, if
such Redemption Date is not an interest payment date with respect to such Note, the amount of the next scheduled interest payment
thereon will be reduced by the amount of interest accrued thereon to such Redemption Date.

 

Notice
of any redemption will be mailed at least 15 days but not more than 30 days before the Redemption Date to each holder of Notes
to be redeemed.

 

Unless
the Company 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.

 

The
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as
the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent
shall be affected by notice to the contrary.

 

All
terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. The Notes
are governed by the laws of the State of New York.

    	 

    	 

    

ABBREVIATIONS

 

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

 

	TEN
    COM	-	as
    tenants in common
	TEN
    ENT	-	as
    tenants by entireties (Cust)
	JT
    TEN	-	As
    joint tenants with right of survivorship and not as tenants in common
	UNIF
    GIFT MIN ACT	-	_____________
                                         Custodian __________________

                                                                 (Minor)

        Under Uniform Gifts to Minors
        Act                            

                                                                           (State)

  

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

    	 

    	 

    

FORM OF ASSIGNMENT

 

For value received
                                      
           hereby sell(s), assign(s) and transfer(s) unto                                       
           (Please insert social security or other identifying
number of assignee) the within Note, and hereby irrevocably constitutes and appoints                                       
           as attorney to transfer the said
Note on the books of the Company, with full power of substitution in the premises.

 

Dated:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	Signature(s)
	 	 	 
	 	 	Signature(s) must be guaranteed
by an Eligible Guarantor Institution with membership in an approved signature guarantee program pursuant to Rule 17Ad-15 under
the Securities Exchange Act of 1934.

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