Document:

First Amendment to Credit Agreement dated as of May 18, 2012

 EXHIBIT 10.1 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 THIS FIRST AMENDMENT TO CREDIT
AGREEMENT (this “Amendment”) is made as of May 18, 2012 by and among Legacy Energy, Inc., a Delaware corporation (“Company”), NiMin Energy Corp., an Alberta corporation (“Parent”), CLMG Corp.,
a Nevada corporation, as administrative agent (“Administrative Agent”), and the lenders party to the Original Agreement defined below (“Lenders”). 

W I T N E S S E T H: 
 WHEREAS, Company, Parent, Administrative Agent and Lenders entered into that certain Credit Agreement dated as of June 30, 2010 (as amended, supplemented or otherwise modified to the date hereof, the
“Original Agreement”), for the purpose and consideration therein expressed; and 
 WHEREAS, Company, Parent,
Administrative Agent and Lenders desire to amend the Original Agreement as set forth herein; 
 NOW, THEREFORE, in consideration
of the premises and the mutual covenants and agreements contained herein and in the Original Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as
follows: 
 ARTICLE I. 
 DEFINITIONS AND REFERENCES 
 Section 1.1. Terms Defined in the
Current Agreement. Unless the context otherwise requires or unless otherwise expressly defined herein, the terms defined in the Original Agreement shall have the same meanings whenever used in this Amendment. 

Section 1.2. Other Defined Terms. Unless the context otherwise requires, the following terms when used in this Amendment
shall have the meanings assigned to them in this Section 1.2. 
 “Amendment” means this
First Amendment to Credit Agreement. 
 “Amendment Documents” means this Amendment and all other
Loan Documents executed and delivered in connection herewith. 
 “Credit Agreement” means the
Original Agreement as amended hereby. 
 “Released Claims” means any and all actions, causes of
action, judgments, executions, suits, debts, claims, demands, controversies, liabilities, obligations, damages and expenses of any and every character (whether known or unknown, liquidated or unliquidated, absolute or contingent, acknowledged or
disputed, direct or indirect), at law or in equity, of whatsoever kind or nature (including claims of usury), whether heretofore 

 
or hereafter accruing, for or because of any matter or things done, omitted or suffered to be done by any of the Released Persons prior to and including the date hereof that in any way directly
or indirectly arise out of or in any way are connected to (a) any of the Loan Documents or any Default or Event of Default thereunder, (b) any negotiation, discussion, enforcement action, agreement or failure to agree related to any Loan
Document or any Default or Event of Default thereunder, or (c) any action, event, occurrence, or omission otherwise related to the rights, duties, obligations and relationships among the various Credit Parties and Lender Parties. 

“Released Persons” means Administrative Agent and Lenders, together with their respective employees,
agents, attorneys, officers, partners, shareholders, accountants, consultants, and directors, and their respective successors and assigns. 
 ARTICLE II. 
 AMENDMENTS 

Section 2.1. Optional Prepayments. 
 (a) Subsections (a) and (b) of Section 2.8 of the Original Agreement are hereby amended to replace each reference to the date “June 30, 2012” therein with the date “June 27,
2012”. 
 (b) The table in Section 2.8(b) of the Original Agreement is hereby amended and restated in its entirety to
read as follows: 
  

					
	 Time Period
	  	Percentage	 
	 June 28, 2012 through June 30, 2013
	  	 	2.0	% 
	 Thereafter
	  	 	0.0	% 

 ARTICLE III. 
 CONDITIONS OF EFFECTIVENESS 
 Section 3.1. Effective Date. The
effectiveness of this Amendment as of the date first referenced above (the “Effective Date”) is subject to the satisfaction, or waiver in accordance with Section 10.1 of the Credit Agreement, of the following conditions:

 (a) No Default. No Default shall exist at the Effective Date. 

(b) Amendment Documents. Administrative Agent shall have received counterparts of each Amendment Document originally executed and
delivered by each party thereto and in such numbers as Administrative Agent or its counsel may reasonably request. 

  
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 (c) Closing Compliance Certificate. Administrative Agent shall have received a
“Compliance Certificate” of the principal executive officer or principal financial officer of each of Parent and Company, dated the Effective Date, in the form of Exhibit A. 

(d) Completion of Proceedings. All corporate, partnership, limited liability company, and other proceedings taken or to be taken
in connection with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative Agent and its counsel shall be reasonably satisfactory in form and substance to Administrative Agent and
such counsel, and Administrative Agent and such counsel shall have received all such counterpart originals or certified copies of such documents as Administrative Agent may reasonably request. 

(e) Other Documentation. Administrative Agent shall have received all documents and instruments (in form and substance
satisfactory to Administrative Agent) that Administrative Agent has then reasonably requested, in addition to those described in this Section 3.1. 
 ARTICLE IV. 
 REPRESENTATIONS, WARRANTIES AND COVENANTS 

Section 4.1. Representations, Warranties and Covenants of Parent and Company. In order to induce each Lender to enter into
this Amendment, each of Parent and Company represents, warrants and covenants to each Lender Party that: 
 (a) No Credit Party
is in default in the performance of any of its covenants and agreements contained in any Loan Document. No event has occurred and is continuing that constitutes a Default. 
 (b) All representations and warranties made by any Person in any Loan Document are true in all respects on and as of the Effective Date as if such representations and warranties had been made as of the
Effective Date (except to the extent that such representation or warranty was made as of a specific date, in which case such representation or warranty is true in all respects as of such specific date). 

(c) Each Credit Party has duly taken all action necessary to authorize the execution and delivery by it of this Amendment and the other
Amendment Documents to which it is a party and to authorize the consummation of the transactions contemplated thereby and the performance of its obligations thereunder. Company is and will continue to be duly authorized to borrow funds and to
perform its obligations under the Credit Agreement. 
 (d) The execution and delivery by the various Credit Parties of this
Amendment and the other Amendment Documents to which each is a party, the performance by each of its obligations hereunder and thereunder and the consummation of the transactions contemplated hereby and thereby do not and will not (i) conflict
with any provision of (A) any Law, (B) the organizational documents of any Credit Party, or (C) any material agreement, judgment, license, order or permit applicable to or binding upon any Credit Party or its property,
(ii) result in the acceleration of any Indebtedness owed by any Credit Party, or (iii) result in or require the creation of any Lien upon any property of any Credit Party except as expressly contemplated or

  
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permitted in the Loan Documents. Except as expressly contemplated in the Loan Documents no permit, consent, approval, authorization or order of, and no notice to or filing with, any Governmental
Authority or third party is required in connection with the execution, delivery or performance by any Credit Party of any Amendment Document or to consummate any transactions contemplated thereby. 

(e) This Amendment, the Credit Agreement, and the other Amendment Documents are the legal, valid and binding obligations of each of the
Credit Parties and each of their respective Affiliates that is a party hereto or thereto, enforceable in accordance with their terms except as such enforcement may be limited by bankruptcy, insolvency or similar Laws of general application relating
to the enforcement of creditors’ rights and by general principles of equity. 
 (f) The audited annual Consolidated
financial statements of Parent dated as of December 31, 2011 fairly present Parent’s Consolidated financial position at such dates and the Consolidated results of Parent’s operations and Parent’s Consolidated cash flows for the
period ending on such date. Parent’s Consolidated and consolidating balance sheet dated as of March 31, 2012 and the Consolidated and consolidating statements Parent’s earnings and cash flows for the period from January 1, 2012
to March 31, 2012 fairly present Parent’s Consolidated financial position at such date. Copies of such financial statements have heretofore been delivered to each Lender. Since such dates no Material Adverse Change has occurred.

 (g) If the Credit Parties shall elect to prepay all or any portion of the outstanding principal amount of the Loans on either
June 28, 2012 or June 29, 2012 in accordance with Section 2.8(b) of the Credit Agreement, the payoff documentation executed and delivered in connection therewith shall include a release of claims from the Credit Parties in form and
substance similar to Section 5.2 of this Amendment. 
 ARTICLE V. 

MISCELLANEOUS 
 Section 5.1. Ratification of Agreements. The Original Agreement as hereby amended is hereby ratified and confirmed in all respects. The Loan Documents, as they may be amended or affected by
the various Amendment Documents, are hereby ratified and confirmed in all respects. Any reference to the Credit Agreement in any Loan Document shall be deemed to be a reference to the Original Agreement as hereby amended. The execution, delivery and
effectiveness of this Amendment and the other Amendment Documents shall not, except as expressly provided herein or therein, operate as a waiver of any right, power or remedy of Lenders under the Credit Agreement, the Notes, or any other Loan
Document or constitute a waiver of any provision of the Credit Agreement, the Notes or any other Loan Document. 

Section 5.2. Release of Claims. TO INDUCE LENDER PARTIES
TO ENTER INTO THIS AMENDMENT, EACH CREDIT PARTY HEREBY (A) REPRESENTS
AND WARRANTS THAT AS OF THE DATE OF THIS AMENDMENT THERE ARE
NO CLAIMS OR OFFSETS AGAINST OR DEFENSES OR COUNTERCLAIMS TO ITS
OBLIGATIONS UNDER THE LOAN DOCUMENTS, AND WAIVES ANY AND ALL 

  
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SUCH CLAIMS, OFFSETS, DEFENSES, OR COUNTERCLAIMS, WHETHER KNOWN
OR UNKNOWN, ARISING PRIOR TO THE DATE OF THIS AMENDMENT,
(B) RELEASES AND FOREVER DISCHARGES THE RELEASED PERSONS FROM ANY AND
ALL RELEASED CLAIMS, AND (C) COVENANTS NOT TO ASSERT (AND NOT TO
ASSIST OR ENABLE ANY OTHER PERSON TO ASSERT) ANY RELEASED CLAIM
AGAINST ANY RELEASED PERSON. THE CREDIT PARTIES ACKNOWLEDGE AND AGREE THAT
SUCH RELEASE IS A GENERAL RELEASE OF ANY AND ALL RELEASED CLAIMS
THAT CONSTITUTES A FULL AND COMPLETE SATISFACTION FOR ALL OR ANY
ALLEGED INJURIES OR DAMAGES ARISING OUT OF OR IN CONNECTION WITH THE
RELEASED CLAIMS, ALL OF WHICH ARE HEREIN COMPROMISED AND SETTLED. 

Section 5.3. Survival of Agreements. All representations, warranties, covenants and agreements of Parent and Company herein
shall survive the execution and delivery of this Amendment and the performance hereof, including without limitation the making or granting of the Loans, and shall further survive until all of the Obligations are paid in full. All statements and
agreements contained in any certificate or instrument delivered by any Credit Party hereunder or under the Credit Agreement to any Lender shall be deemed to constitute representations and warranties by, and/or agreements and covenants of, Parent and
Company under this Amendment and under the Credit Agreement. 
 Section 5.4. Loan Documents. This Amendment is and
the other Amendment Documents are each a Loan Document, and all provisions in the Credit Agreement pertaining to Loan Documents apply hereto and thereto. 
 Section 5.5. Governing Law. EXCEPT TO THE EXTENT THAT THE LAW OF
ANOTHER JURISDICTION IS EXPRESSLY ELECTED IN A LOAN DOCUMENT, THIS AMENDMENT
AND THE OTHER AMENDMENT DOCUMENTS SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEVADA, WITHOUT REGARD
TO PRINCIPLES OF CONFLICTS OF LAWS.  
 Section 5.6. Counterparts; Fax. This Amendment may be separately executed in counterparts and by the different parties hereto in separate counterparts, each of which when so executed shall be
deemed to constitute one and the same Amendment. This Amendment and the other Amendment Documents may be validly executed by facsimile or other electronic transmission. 
 THIS WRITTEN AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT
THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED
BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. 

  
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 THERE ARE NO UNWRITTEN
ORAL AGREEMENTS BETWEEN THE PARTIES. 
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remainder of this page has been intentionally left blank.] 

  
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 IN WITNESS WHEREOF, this Amendment is executed as of the date first above written.

  

							
	COMPANY:	 		 	LEGACY ENERGY, INC.
				
		 		 	By:	 	/s/ Jonathan S. Wimbish
		 		 		 	Jonathan S. Wimbish
		 		 		 	Chief Financial Officer
			
	PARENT:	 		 	NIMIN ENERGY CORP.
				
		 		 	By:	 	/s/ Jonathan S. Wimbish
		 		 		 	Jonathan S. Wimbish
		 		 		 	Chief Financial Officer

							
	ADMINISTRATIVE AGENT:	 		 	 CLMG CORP.,
 as
Administrative Agent

				
		 		 	By:	 	/s/ James Erwin
		 		 		 	  

		 		 		 	Name: James Erwin
		 		 		 	Title: Executive Vice President
			
	LENDERS:	 		 	BEAL BANK USA
				
		 		 	By:	 	/s/ W.T. Saurenmann
		 		 		 	  

		 		 		 	Name: W.T. Saurenmann
		 		 		 	Title: Authorized Signatory

 EXHIBIT A 
 COMPLIANCE CERTIFICATE 
 LEGACY ENERGY, INC. 

NIMIN ENERGY CORP. 

May 18, 2012 

Reference is made to that certain Credit Agreement dated as of June 30, 2010, among Legacy Energy, Inc., a Delaware corporation
(“Company”), NiMin Energy Corp., an Alberta corporation (“Parent”), CLMG Corp., as Administrative Agent, and the Lenders named therein, as amended by that certain First Amendment to Credit Agreement dated as of even
date herewith (as amended, the “Credit Agreement”). Terms that are defined in the Credit Agreement and used but not defined herein shall have the meanings given them in the Credit Agreement. The undersigned,
                , solely in his capacity as                 of Parent and Company, does
hereby certify that he has made a thorough inquiry into all matters certified herein and, based upon such inquiry, experience, and the advice of counsel, does hereby further certify that: 

1. I am the duly elected, qualified, and
acting                 of Parent and Company. 

2. All representations and warranties made by any Person in any Loan Document are true in all respects on and as of the date hereof as if
such representations and warranties had been made as of the date hereof (except to the extent that any such representation or warranty was made as of a specific date, in which case such representation or warranty is true in all respects as of such
specific date). 
 3. No Default or Event of Default exists on the date hereof. 

4. No Material Adverse Change has occurred, and no event or circumstance has occurred that could cause a Material Adverse Change.

 5. Each Credit Party has performed and complied with all agreements and conditions required in the Loan Documents to be
performed or complied with by it on or prior to the date hereof. 
 [Remainder of page intentionally left blank.]

 IN WITNESS WHEREOF, the foregoing certifications are made and delivered as of the date first
referenced above. 
  
  

Name:FORM OF XYLEM, INC GLOBAL EXCHANGE NOTE FOR THE 3.550% SENIOR NOTES DUE 2016

 Exhibit 4.5 
 UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (“DTC”) TO A
NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE
COMPANY 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 AN INTEREST HEREIN. 

			
	No. 1	  	Principal Amount $500,000,000
		  	CUSIP No. 98419MAA8

 XYLEM INC. 
 3.550% SENIOR NOTES DUE 2016 
 XYLEM INC., an Indiana corporation
(herein called the “Company”, which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to Cede & Co. or registered assigns, the
principal sum of $500,000,000 on September 20, 2016, and to pay interest on said principal sum semi-annually on March 20 and September 20 of each year, commencing March 20, 2012, at the rate of 3.550% per annum from
September 20, 2011, or from the most recent date in respect of which interest has been paid or duly provided for, until payment of the principal sum has been made or duly provided for. 

The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such Interest Payment Date, which shall be the March 5 or September 5 (whether
or not a Business Day) next preceding such Interest Payment Date. Any such interest that is payable but is not so punctually paid or duly provided for shall forthwith cease to be payable to the registered Holder on such Record Date and may either be
paid to the Person in whose name this Note (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 Notes not earlier than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed and upon such
notice as may be required by such exchange, if such manner of payment shall be deemed practical by the Trustee, all as more fully provided in the Indenture. 
 Payment of the principal of and interest on this Note will be made at the Place of Payment in such coin or currency of the United States as at the time of payment is legal tender for payment of public and
private debts; provided, however, that payments of interest may be made at the option of the Company by checks mailed to the addresses of the Persons entitled thereto as such addresses shall appear in the Security Register or by wire transfer
to an account maintained by the payee of a bank located in the United States. 
 Reference is made to the
further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set forth at this place. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 -2-

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed by manual or facsimile signature. 
  

									
	Dated:	 		 	XYLEM INC.
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:

  
 -3-

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	UNION BANK, N.A., as Trustee
		
	By:	 	 
		 	Name:
		 	Title:

 REVERSE OF NOTE 

XYLEM INC. 

3.550% SENIOR NOTES DUE 2016 
 This Note 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 September 20, 2011 (herein called the “Indenture”), between the Company, ITT Corporation, as Guarantor (herein called the “Guarantor”) and Union Bank, N.A., 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 thereunder of
the Company, the Guarantor, the Trustee, and the Holders of the Securities, the terms upon which the Securities are, and are to be, authenticated and delivered, and the definition of capitalized terms used herein and not otherwise defined herein.
The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may be denominated in different currencies, may mature at different times, may bear interest (if any) at different rates
(which rates may be fixed or variable), 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 provided in the Indenture. This Note is one of a series of Securities of the Company designated as set forth on the face hereof (herein called the “Notes”), initially limited in aggregate principal amount to
$500,000,000. 
 Optional Redemption 
 The Notes shall be redeemable as a whole or in part, at the Company’s option at any time and from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of
such Notes and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semiannual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 40 basis points, plus in each case accrued and unpaid interest to the date of redemption. 

Except as otherwise provided herein, redemption of the Notes shall be made in accordance with the terms of Article 11 of
the Indenture. 
 “Treasury Rate” means the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two business days prior to the date of
redemption (or, if such Statistical Release is no longer published, any publicly available source or similar market data)) most nearly equal to the period from the date of redemption to the maturity date; provided, however, that if the period
from the date of redemption to the maturity date is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained

 
by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the
period from the date of redemption to the maturity date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

Repurchase Upon Change of Control Triggering Event 
 If a Change of Control Triggering Event (as defined below) occurs after the Distribution Date (as defined in the Indenture), unless the Company has exercised its right to redeem the Notes as described
above, the Company will be required to make an offer to repurchase all or, at the Holder’s option, any part (equal to $2,000 or any multiple of $1,000 in excess thereof), of each Holder’s Notes pursuant to the offer described below (the
“Change of Control Offer”) on the terms set forth in the Notes. In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued
and unpaid interest, if any, on the Notes repurchased, to, but not including, the date of purchase (the “Change of Control Payment”). 
 Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control, but after public announcement of the transaction that constitutes or may
constitute the Change of Control, a notice will be mailed to Holders of the Notes describing the transaction that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase such Notes on the date specified in the
notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (a “Change of Control Payment Date”). The notice, if mailed prior to the date of consummation of the Change of Control,
will state that the Change of Control Offer is conditioned on the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date. 

On the Change of Control Payment Date, the Company will be required, to the extent lawful, to: 

(a) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

 (b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or
portions of Notes properly tendered; and 
 (c) deliver or cause to be delivered to the Trustee the Notes
properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

The Paying Agent will be required to promptly mail, to each Holder who properly tendered Notes, the purchase price for
such Notes, and the Trustee will be required to promptly authenticate and mail (or cause to be transferred by book entry) to each such Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided, that each new Note will be in a principal amount of $2,000 or a multiple of $1,000 in excess thereof. 

 The Company will not be required to make a Change of Control Offer upon a
Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not
withdrawn under its offer. In the event that such third party terminates or defaults its offer, the Company will be required to make a Change of Control Offer treating the date of such termination or default as though it were the date of the Change
of Control Triggering Event. 
 In addition, the Company will not repurchase any Notes if there has occurred and
is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 

“Change of Control” means the occurrence of any one of the following after the Distribution Date:
(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger, amalgamation, arrangement or consolidation), in one or a series of related transactions, of all or substantially all of the
Company’s properties or assets and those of the Company’s subsidiaries, taken as a whole, to one or more persons, other than to the Company or one of the Company’s subsidiaries; (2) the first day on which a majority of the
members of the Board of Directors is not composed of Continuing Directors (as defined below); (3) the consummation of any transaction including, without limitation, any merger, amalgamation, arrangement or consolidation the result of which is
that any person becomes the beneficial owner, directly or indirectly, of more than 50% of the Company’s Voting Stock; (4) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or
into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction
where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving effect to such
transaction; or (5) the adoption of a plan relating to the Company’s liquidation or dissolution (other than the Company’s liquidation into a newly formed holding company). Notwithstanding the foregoing, a transaction described in
clause (3) above will not be deemed to involve a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company (which will include a parent company) and (2)(A) the direct or indirect
holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as, and hold in substantially the same proportions as, the holders of the Company’s Voting Stock immediately prior to that
transaction or (B) immediately following that transaction no person (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly of more than 50% of the then outstanding Voting
Stock, measured by voting power, of such holding company. Following any such transaction, references in this definition to the Company shall be deemed to refer to such holding company. For the purposes of this definition, “person” and
“beneficial owner” have the meanings used in Section 13(d) of the Exchange Act. 

 “Change of Control Triggering Event” means the Notes cease
to be rated Investment Grade by each of the Rating Agencies on any date during the 60-day period (the “Trigger Period”) commencing upon the earlier of (1) the first public announcement of the Change of Control or the
Company’s intention to effect a Change of Control and (2) the consummation of such Change of Control, which Trigger Period will be extended following consummation of a Change of Control for so long as the rating of the Notes is under
publicly announced consideration for possible downgrade by any of the Rating Agencies. Unless at least one Rating Agency is providing a rating for the Notes at the commencement of any Trigger Period, the Notes will be deemed to have ceased to be
rated Investment Grade during that Trigger Period. Notwithstanding the foregoing, no Change of Control Triggering Event will all be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control
has actually been consummated. 
 “Continuing Directors” means, as of any date of
determination, any member of the Board of Directors who (1) was a member of the Board of Directors on the issue date of the Notes; or (2) was nominated for election, elected or appointed to the Board of Directors with the approval of a
majority of the Continuing Directors who were members of the Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval by such directors of the Company’s proxy statement in which such
member was named as a nominee for election as a director). 
 “Fitch” means Fitch Inc., and its
successors. 
 “Investment Grade” means a rating equal to or higher than BBB- (or the
equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s or BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and
its successors. 
 “Rating Agencies” means (a) each of Fitch, Moody’s and S&P;
and (b) if any of the Rating Agencies ceases to provide rating services to issuers or investors, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act that is
selected by the Company (as certified by the Company’s Chief Executive Officer or Chief Financial Officer) as a replacement for Fitch, Moody’s or S&P, or all of them, as the case may be. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill
Companies, Inc., and its successors. 
 “Voting Stock” of any specified person as of any date
means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

 Defeasance 
 The Indenture contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein.

 Certain of the Company’s obligations under the Indenture with respect to the Notes may be terminated if
the Company irrevocably deposits with the Trustee money or U.S. Government Obligations or Equivalent Government Securities sufficient to pay and discharge the entire indebtedness on the Indenture. 

Events of Default 
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal amount hereof may be declared due and payable or may be otherwise accelerated in the manner and with the
effect provided in the Indenture. 
 Payment 
 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. 
 Amendments 

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 of the 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 not less than a majority of the aggregate principal amount
of the Securities of each series at the time Outstanding, on behalf of the Holders of 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 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. 
 Transfer, Registration and Exchange 

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

 No service charge shall be made for any such registration or transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to the presentment of this Note for registration of transfer, the Company, the Trustee, and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the
owner hereof for the purpose of receiving payment as herein provided and for all other 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. 

Other Terms 
 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.

 The Notes are issuable only in registered form without coupons in denominations of $2,000 and 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. 
 The Notes are not subject to a sinking fund. 

This Note shall be governed by, and construed in accordance with, the laws of the State of New York. 

All terms used in this Note which are defined in the Indenture and are not otherwise defined herein shall have the
meanings assigned to them in the Indenture. 

 ASSIGNMENT FORM 

 

			
	 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

		
	________________________________________	  	
	[PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF
ASSIGNEE]
		
	 	  	
		
	 	  	
		
	 	  	
	[PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF
ASSIGNEE]

 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                                     attorney to transfer such
Note on the books of the Issuer, with full power of substitution in the premises. 
  

			
	Dated:	 	 

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

 UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN CERTIFICATED
FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (“DTC”) TO A NOMINEE OF DTC OR BY A NOMINEE OF DTC TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A
NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE COMPANY 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 AN INTEREST HEREIN. 

			
	No. 2	  	Principal Amount $100,000,000
		  	CUSIP No. 98419MAA8

 XYLEM INC. 
 3.550% SENIOR NOTES DUE 2016 
 XYLEM INC., an Indiana corporation
(herein called the “Company”, which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to Cede & Co. or registered assigns, the
principal sum of $100,000,000 on September 20, 2016, and to pay interest on said principal sum semi-annually on March 20 and September 20 of each year, commencing March 20, 2012, at the rate of 3.550% per annum from
September 20, 2011, or from the most recent date in respect of which interest has been paid or duly provided for, until payment of the principal sum has been made or duly provided for. 

The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such Interest Payment Date, which shall be the March 5 or September 5 (whether
or not a Business Day) next preceding such Interest Payment Date. Any such interest that is payable but is not so punctually paid or duly provided for shall forthwith cease to be payable to the registered Holder on such Record Date and may either be
paid to the Person in whose name this Note (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 Notes not earlier than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed and upon such
notice as may be required by such exchange, if such manner of payment shall be deemed practical by the Trustee, all as more fully provided in the Indenture. 
 Payment of the principal of and interest on this Note will be made at the Place of Payment in such coin or currency of the United States as at the time of payment is legal tender for payment of public and
private debts; provided, however, that payments of interest may be made at the option of the Company by checks mailed to the addresses of the Persons entitled thereto as such addresses shall appear in the Security Register or by wire transfer
to an account maintained by the payee of a bank located in the United States. 
 Reference is made to the
further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set forth at this place. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 -2-

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed by manual or facsimile signature. 
  

									
	Dated:	 		 	XYLEM INC.
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:
					
		 		 		 	By:	 	 
		 		 		 		 	Name:
		 		 		 		 	Title:

  
 -3-

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	UNION BANK, N.A., as Trustee
		
	By:	 	 
		 	Name:
		 	Title:

 REVERSE OF NOTE 

XYLEM INC. 

3.550% SENIOR NOTES DUE 2016 
 This Note 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 September 20, 2011 (herein called the “Indenture”), between the Company, ITT Corporation, as Guarantor (herein called the “Guarantor”) and Union Bank, N.A., 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 thereunder of
the Company, the Guarantor, the Trustee, and the Holders of the Securities, the terms upon which the Securities are, and are to be, authenticated and delivered, and the definition of capitalized terms used herein and not otherwise defined herein.
The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may be denominated in different currencies, may mature at different times, may bear interest (if any) at different rates
(which rates may be fixed or variable), 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 provided in the Indenture. This Note is one of a series of Securities of the Company designated as set forth on the face hereof (herein called the “Notes”), initially limited in aggregate principal amount to
$100,000,000. 
 Optional Redemption 
 The Notes shall be redeemable as a whole or in part, at the Company’s option at any time and from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of
such Notes and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semiannual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 40 basis points, plus in each case accrued and unpaid interest to the date of redemption. 

Except as otherwise provided herein, redemption of the Notes shall be made in accordance with the terms of Article 11 of
the Indenture. 
 “Treasury Rate” means the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two business days prior to the date of
redemption (or, if such Statistical Release is no longer published, any publicly available source or similar market data)) most nearly equal to the period from the date of redemption to the maturity date; provided, however, that if the period
from the date of redemption to the maturity date is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained

 
by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the
period from the date of redemption to the maturity date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

Repurchase Upon Change of Control Triggering Event 
 If a Change of Control Triggering Event (as defined below) occurs after the Distribution Date (as defined in the Indenture), unless the Company has exercised its right to redeem the Notes as described
above, the Company will be required to make an offer to repurchase all or, at the Holder’s option, any part (equal to $2,000 or any multiple of $1,000 in excess thereof), of each Holder’s Notes pursuant to the offer described below (the
“Change of Control Offer”) on the terms set forth in the Notes. In the Change of Control Offer, the Company will be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued
and unpaid interest, if any, on the Notes repurchased, to, but not including, the date of purchase (the “Change of Control Payment”). 
 Within 30 days following any Change of Control Triggering Event or, at the Company’s option, prior to any Change of Control, but after public announcement of the transaction that constitutes or may
constitute the Change of Control, a notice will be mailed to Holders of the Notes describing the transaction that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase such Notes on the date specified in the
notice, which date will be no earlier than 30 days and no later than 60 days from the date such notice is mailed (a “Change of Control Payment Date”). The notice, if mailed prior to the date of consummation of the Change of Control,
will state that the Change of Control Offer is conditioned on the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date. 

On the Change of Control Payment Date, the Company will be required, to the extent lawful, to: 

(a) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

 (b) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or
portions of Notes properly tendered; and 
 (c) deliver or cause to be delivered to the Trustee the Notes
properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

The Paying Agent will be required to promptly mail, to each Holder who properly tendered Notes, the purchase price for
such Notes, and the Trustee will be required to promptly authenticate and mail (or cause to be transferred by book entry) to each such Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided, that each new Note will be in a principal amount of $2,000 or a multiple of $1,000 in excess thereof. 

 The Company will not be required to make a Change of Control Offer upon a
Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not
withdrawn under its offer. In the event that such third party terminates or defaults its offer, the Company will be required to make a Change of Control Offer treating the date of such termination or default as though it were the date of the Change
of Control Triggering Event. 
 In addition, the Company will not repurchase any Notes if there has occurred and
is continuing on the Change of Control Payment Date an Event of Default under the Indenture, other than a default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 

“Change of Control” means the occurrence of any one of the following after the Distribution Date:
(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger, amalgamation, arrangement or consolidation), in one or a series of related transactions, of all or substantially all of the
Company’s properties or assets and those of the Company’s subsidiaries, taken as a whole, to one or more persons, other than to the Company or one of the Company’s subsidiaries; (2) the first day on which a majority of the
members of the Board of Directors is not composed of Continuing Directors (as defined below); (3) the consummation of any transaction including, without limitation, any merger, amalgamation, arrangement or consolidation the result of which is
that any person becomes the beneficial owner, directly or indirectly, of more than 50% of the Company’s Voting Stock; (4) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or
into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction
where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving effect to such
transaction; or (5) the adoption of a plan relating to the Company’s liquidation or dissolution (other than the Company’s liquidation into a newly formed holding company). Notwithstanding the foregoing, a transaction described in
clause (3) above will not be deemed to involve a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company (which will include a parent company) and (2)(A) the direct or indirect
holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as, and hold in substantially the same proportions as, the holders of the Company’s Voting Stock immediately prior to that
transaction or (B) immediately following that transaction no person (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly of more than 50% of the then outstanding Voting
Stock, measured by voting power, of such holding company. Following any such transaction, references in this definition to the Company shall be deemed to refer to such holding company. For the purposes of this definition, “person” and
“beneficial owner” have the meanings used in Section 13(d) of the Exchange Act. 

 “Change of Control Triggering Event” means the Notes cease
to be rated Investment Grade by each of the Rating Agencies on any date during the 60-day period (the “Trigger Period”) commencing upon the earlier of (1) the first public announcement of the Change of Control or the
Company’s intention to effect a Change of Control and (2) the consummation of such Change of Control, which Trigger Period will be extended following consummation of a Change of Control for so long as the rating of the Notes is under
publicly announced consideration for possible downgrade by any of the Rating Agencies. Unless at least one Rating Agency is providing a rating for the Notes at the commencement of any Trigger Period, the Notes will be deemed to have ceased to be
rated Investment Grade during that Trigger Period. Notwithstanding the foregoing, no Change of Control Triggering Event will all be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control
has actually been consummated. 
 “Continuing Directors” means, as of any date of
determination, any member of the Board of Directors who (1) was a member of the Board of Directors on the issue date of the Notes; or (2) was nominated for election, elected or appointed to the Board of Directors with the approval of a
majority of the Continuing Directors who were members of the Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval by such directors of the Company’s proxy statement in which such
member was named as a nominee for election as a director). 
 “Fitch” means Fitch Inc., and its
successors. 
 “Investment Grade” means a rating equal to or higher than BBB- (or the
equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s or BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and
its successors. 
 “Rating Agencies” means (a) each of Fitch, Moody’s and S&P;
and (b) if any of the Rating Agencies ceases to provide rating services to issuers or investors, a “nationally recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act that is
selected by the Company (as certified by the Company’s Chief Executive Officer or Chief Financial Officer) as a replacement for Fitch, Moody’s or S&P, or all of them, as the case may be. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill
Companies, Inc., and its successors. 
 “Voting Stock” of any specified person as of any date
means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

 Defeasance 
 The Indenture contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein.

 Certain of the Company’s obligations under the Indenture with respect to the Notes may be terminated if
the Company irrevocably deposits with the Trustee money or U.S. Government Obligations or Equivalent Government Securities sufficient to pay and discharge the entire indebtedness on the Indenture. 

Events of Default 
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal amount hereof may be declared due and payable or may be otherwise accelerated in the manner and with the
effect provided in the Indenture. 
 Payment 
 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. 
 Amendments 

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 of the 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 not less than a majority of the aggregate principal amount
of the Securities of each series at the time Outstanding, on behalf of the Holders of 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 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. 
 Transfer, Registration and Exchange 

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

 No service charge shall be made for any such registration or transfer or
exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to the presentment of this Note for registration of transfer, the Company, the Trustee, and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the
owner hereof for the purpose of receiving payment as herein provided and for all other 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. 

Other Terms 
 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.

 The Notes are issuable only in registered form without coupons in denominations of $2,000 and 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. 
 The Notes are not subject to a sinking fund. 

This Note shall be governed by, and construed in accordance with, the laws of the State of New York. 

All terms used in this Note which are defined in the Indenture and are not otherwise defined herein shall have the
meanings assigned to them in the Indenture. 

 ASSIGNMENT FORM 

 

			
	 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

		
	________________________________________	  	
	[PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF
ASSIGNEE]
		
	 	  	
		
	 	  	
		
	 	  	
	[PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF
ASSIGNEE]

 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                                     attorney to transfer such
Note on the books of the Issuer, with full power of substitution in the premises. 
  

			
	Dated:	 	 

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

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