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gmgi_ex101.htm

EXHIBIT 10.1
  
  
  
  
 	 
	 
	

	 

  
  
 EXHIBIT A
  
  
 AMENDED AND RESTATED
 CERTIFICATE OF DESIGNATION
 OF
 GOLDEN MATRIX GROUP, INC.
 ESTABLISHING THE DESIGNATION, PREFERENCES,
 LIMITATIONS AND RELATIVE RIGHTS OF ITS
 SERIES B VOTING PREFERRED STOCK
  
 Pursuant to Section 78.1955 of the Nevada Revised Statutes (the “NRS”), Golden Matrix Group, Inc., a company organized and existing under the State of Nevada (the “Corporation”),
  
 DOES HEREBY CERTIFY that, (a) the Board of Directors, by unanimous written consent of all members of the Board of Directors on March 11, 2022; and (b) the sole shareholder of the Corporation’s Series B Voting Preferred Stock, by the written consent of such sole shareholder, on March 11, 2022, duly adopted this Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designation, Preferences, Limitations and Relative Rights of Its Series B Voting Preferred Stock, by adoption of a resolution which reads as follows, and which shall amend, replace and supersede the Certificate of Designation of the Series B Voting Preferred Stock, previously filed by the Corporation with the Secretary of State of Nevada on August 18, 2015 (the “Prior Preferred Stock”), which resolution is and reads as follows:
  
 RESOLVED, that pursuant to the authority expressly granted to and invested in the Board of Directors by the provisions of the Articles of Incorporation of the Corporation, as amended and Section 78.1955 of the NRS, a series of the preferred stock, par value $0.00001 per share, of the Corporation be, and it hereby is, established; and
  
 FURTHER RESOLVED, that the series of preferred stock of the Corporation be, and it hereby is, given the distinctive designation of “Series B Voting Preferred Stock”; and
  
 FURTHER RESOLVED, that the Series B Voting Preferred Stock shall consist of one thousand (1,000) shares; and
  
 FURTHER RESOLVED, that the Series B Voting Preferred Stock shall have the powers and preferences, and the relative, participating, optional and other rights, and the qualifications, limitations, and restrictions thereon set forth in this Certificate of Designation (the “Designation” or the “Certificate of Designation”) below, which shall amend, replace and supersede the Prior Preferred Stock in their entirety:
  
 The Series B Voting Preferred Stock is sometimes referred to in this Certificate of Designation as the “Series B Preferred Stock”.
  
 1. Dividends. The Series B Preferred Stock shall not be entitled to any dividend rights.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 2.  Liquidation Rights. The Series B Preferred Stock shall not be entitled to any liquidation preference or rights upon liquidation.
  
 3. Conversion. The Series B Preferred Stock shall have conversion rights as follows (the “Conversion Rights”):
  
 3.1 Holder Conversion.
  
 (a) Each share of Series B Preferred Stock shall be convertible, at the option of the holder thereof (a “Conversion”), from time to time, after May 20, 2022, at the office of the Corporation or any Transfer Agent for the Series B Preferred Stock, into that number of fully-paid, nonassessable shares of Common Stock determined by multiplying (i) the total number of shares of Series B Preferred Stock then converted by (ii) the Conversion Ratio (such shares of Common Stock issuable upon a Conversion, the “Shares”). In order to effectuate the Conversion under this Section 3.1, the Holder must provide the Corporation a written notice of conversion in the form of Exhibit A hereto (the “Notice of Conversion”). The Notice of Conversion must be dated no earlier than three Business Days from the date the Notice of Conversion is actually received by the Corporation.
  
 (b) Mechanics of Conversion. In order to effect an Conversion, a Holder shall fax or email a copy of the fully executed Notice of Conversion to the Corporation (or in the discretion of the Corporation, the Transfer Agent). Upon receipt by the Corporation of a facsimile or emailed copy of a Notice of Conversion from a Holder, the Corporation (or the Transfer Agent) shall promptly send, via facsimile or email, a confirmation to such Holder stating that the Notice of Conversion has been received, the date upon which the Corporation (or the Transfer Agent) expects to deliver the Common Stock issuable upon such conversion and the name and telephone number of a contact person at the Corporation (or the Transfer Agent) regarding the Holder Conversion. The Holder shall surrender, or cause to be surrendered, the Preferred Stock Certificates being converted, duly endorsed, to the Corporation (or the Transfer Agent) at the address listed above (or the address of the Transfer Agent for the Series B Preferred Stock, if the Corporation is not serving as its own Transfer Agent for such Series B Preferred Stock) within three Business Days of delivering the fully executed Notice of Conversion. The Corporation shall not be obligated to issue shares of Common Stock upon a Conversion unless either (x) the Preferred Stock Certificates; or (y) the Lost Certificate Materials described in Section 11, below have been previously received by the Corporation or its Transfer Agent, unless such shares of Series B Preferred Stock are held in book- entry/non-certificated form. In the event the Holder has lost or misplaced the certificates evidencing the Preferred Stock, the Holder shall be required to provide the Corporation or the Corporation’s Transfer Agent (as applicable) with whatever documentation and fees each may require to re-issue the Preferred Stock Certificates and shall be required to provide such re-issued Preferred Stock Certificates to the Corporation within three Business Days of delivering the Notice of Conversion (the “Delivery Period”).
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 (c) Restricted Shares. Unless the Shares are covered by a valid and effective registration under the Securities Act or the Notice of Conversion provided by the Holder includes a valid opinion from an attorney stating that such shares of Common Stock issuable in connection with the Notice of Conversion can be issued free of restrictive legend, which shall be determined by the Corporation in its sole discretion, such shares shall be issued as Restricted Shares. In the event such Shares are separately covered by a contractual lock-up and/or restriction, such Shares shall be issued, in the discretion of the Corporation, with a legend disclosing such contract lock-up and/or restriction.
  
 (d) Delivery of Common Stock upon Conversion. Upon the receipt of a Notice of Conversion, the Corporation (itself, or through its Transfer Agent) shall, no later than the fifth Business Day following the date of such receipt (subject to the surrender of the Preferred Stock Certificates by the Holder within the period described in Section 3.1(b) or, in the case of lost, stolen or destroyed certificates, after provision of the Lost Certificate Materials), issue and deliver (i.e., deposit with a nationally recognized overnight courier service postage prepaid) to the Holder or its nominee (x) a certificate representing the Shares and (y) a certificate representing the number of shares of Series B Preferred Stock not being converted, if any. Notwithstanding the foregoing, if the Corporation’s Transfer Agent is participating in the Depository Trust Corporation (“DTC”) Fast Automated Securities Transfer program, and so long as the certificates therefor do not bear a legend and the Holder thereof is not then required to return such certificate for the placement of a legend thereon, the Corporation shall cause its Transfer Agent to promptly electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the account of the Holder or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DTC Transfer”). If the aforementioned conditions to a DTC Transfer are not satisfied, the Corporation shall deliver as provided above to the Holder physical certificates representing the Common Stock issuable upon Conversion. Further, a Holder may instruct the Corporation to deliver to the Holder physical certificates representing the Common Stock issuable upon conversion in lieu of delivering such shares by way of DTC Transfer.
  
 (e) Failure to Provide Preferred Stock Certificates. In the event the Holder provides the Corporation with a Notice of Conversion, but fails to provide the Corporation with the Preferred Stock Certificates or the Lost Certificate Materials (as defined in Section 11 below), by the end of the Delivery Period, the Notice of Conversion shall be considered void and the Corporation shall not be required to comply with such Notice of Conversion, unless such shares of Series B Preferred Stock are held in book entry/non-certificate form.
  
 (f) Conversion Disputes. In the case of any dispute with respect to a Conversion, the Corporation shall promptly issue such number of shares of Common Stock in accordance herewith as are not disputed. If such dispute is not promptly resolved by discussion between the Holder and the Corporation, the Corporation shall submit the disputed issues to an independent outside accountant (reasonably acceptable to the Holder) within ten (10) Business Days of receipt of the Notice of Conversion. The accountant, at the Corporation’s expense, shall promptly audit the calculations and notify the converting Holder and the Corporation of the results no later than five (5) Business Days from the date it receives the disputed calculations. The accountant’s calculation shall be deemed conclusive, absent manifest error. The Corporation shall then issue the appropriate number of shares of Common Stock in accordance with the above.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 3.2 Automatic Conversion.
  
 (a) Each share of Series B Preferred Stock, shall automatically and without any required action by any Holder, be converted into that number of fully- paid, nonassessable shares of Common Stock as equals the Conversion Ratio, on the Automatic Conversion Date (an “Automatic Conversion” and together with a Holder Conversion, a “Conversion”). The Holder shall provide written confirmation to the Corporation of his beneficial ownership of Common Stock of the Corporation from time to time at the request of the Corporation.
  
 (b) Following an Automatic Conversion, the Corporation shall within two Business Days, deliver notice to each Holder that an Automatic Conversion has occurred, at the address of each Holder which the Corporation then has on record (an “Automatic Conversion Notice”); provided, that the Corporation is not required to receive any confirmation that such Automatic Conversion Notice was received by a Holder, but instead assuming such Automatic Conversion Notice was sent to the address which the Corporation then has on record for such Holder, the Automatic Conversion Notice shall be treated as received by the Holder for all purposes on the third Business Day following the date such notice was sent by the Corporation (the “Automatic Conversion Notice Receipt Date”). Within three Business Days following the Automatic Conversion Notice Receipt Date, the Corporation shall issue to each Holder all shares of Common Stock which such Holder is due in connection with the Automatic Conversion (the “Automatic Conversion Shares”, and together with the Holder Conversion Shares, the “Shares”) and promptly deliver such Automatic Conversion Shares to the address of Holder which the Corporation then has on record (a “Delivery”). The Automatic Conversion Shares issuable in connection with an Automatic Conversion shall be fully-paid, non-assessable shares of Common Stock. Unless the Automatic Conversion Shares are covered by a valid and effective registration under the Securities Act or the Holder provides a valid opinion from an attorney stating that such Automatic Conversion Shares can be issued free of restrictive legend, which shall be determined by the Corporation in its sole discretion, prior to the issuance date of such Automatic Conversion Shares, such Automatic Conversion Shares shall be issued as Restricted Shares.
  
 (c) The issuance and Delivery by the Corporation of the Automatic Conversion Shares shall fully discharge the Corporation from any and all further obligations under or in connection with the Series B Preferred Stock and shall automatically, and without any required action by the Corporation or the Holder, result in the cancellation, termination and invalidation of any outstanding Series B Preferred Stock and Preferred Stock Certificates held by Holder or his, her or its assigns.
  
 (d) Without limiting the obligation of each Holder set forth herein (including in the subsequent clause (e)), the Corporation and/or the Corporation’s Transfer Agent shall be authorized to take whatever action necessary, if any, following the issuance and Delivery of the Automatic Conversion Shares to reflect the cancellation of the Series B Preferred Stock subject to the Automatic Conversion, which shall not require the approval and/or consent of any Holder (a “Cancellation”).
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 (e) Notwithstanding the above, each Holder, by accepting such Preferred Stock Certificates hereby covenants that it will, whenever and as reasonably requested by the Corporation and the Transfer Agent, at the Corporation’s sole cost and expense, do, execute, acknowledge and deliver any and all such other and further acts, deeds, assignments, transfers, conveyances, confirmations, powers of attorney and any instruments of further assurance, approvals and consents as the Corporation or the Transfer Agent may reasonably require in order to complete, insure and perfect the Cancellation, if such may be reasonably required by the Corporation and/or the Corporation’s Transfer Agent.
  
 (f) In the event that the Delivery of any Automatic Conversion Shares is unsuccessful and/or any Holder fails to accept such Automatic Conversion Shares, such Automatic Conversion Shares shall be held by the Corporation and/or the Transfer Agent in trust (without accruing interest) and shall be released to such Holder upon reasonable evidence to the Corporation or the Transfer Agent that such Holder is the legal owner of such Automatic Conversion Shares, provided that the Holder’s failure to accept such Automatic Conversion Shares and/or the Corporation’s inability to Deliver such shares shall in no event effect the validity of the Cancellation.
  
 (g) The Automatic Conversion Right shall supersede and take priority over the Holder’s Optional Conversion Right in the event that there are any conflicts between such rights.
  
 3.3 Taxes. The Corporation shall not be required to pay any tax which may be payable in respect to any transfer involved in the issue and delivery of shares of Common Stock upon Conversion in a name other than that in which the shares of the Series B Preferred Stock so converted were registered, and no such issue or delivery shall be made unless and until the person requesting such issue or delivery has paid to the Corporation the amount of any such tax, or has established, to the satisfaction of the Corporation, that such tax has been paid. The Corporation shall withhold from any payment due whatsoever in connection with the Series B Preferred Stock any and all required withholdings and/or taxes the Corporation, in its sole discretion deems reasonable or necessary, absent an opinion from Holder’s accountant or legal counsel, acceptable to the Corporation in its sole determination, that such withholdings and/or taxes are not required to be withheld by the Corporation.
  
 3.4 No Impairment. The Corporation will not through any reorganization, transfer of assets, merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Corporation but will at all times in good faith assist in the carrying out of all the provisions of this Section2 and in the taking of all such action as may be necessary or appropriate in order to protect the Conversion Rights of the Holders of Series B Preferred Stock against impairment. Notwithstanding the foregoing, nothing in this Section shall prohibit the Corporation from amending its Articles of Incorporation, subject to the other terms of this Designation, with the requisite consent of its shareholders and the Board of Directors, provided that such amendment will not prohibit the Corporation from having sufficient authorized shares of Common Stock to permit conversion hereunder.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 3.5 Reservation of Stock Issuable Upon Conversion. The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock solely for the purpose of effecting the conversion of the shares of the Series B Preferred Stock, such number of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all then outstanding shares of the Series B Preferred Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding shares of the Series B Preferred Stock, the Corporation will use its commercially reasonable efforts to take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purpose.
  
 4. Adjustments for Recapitalizations.
  
 4.1 Equitable Adjustments for Recapitalizations. (a) The Conversion Ratio set forth in Section 3.1 (the “Preferred Stock Adjustable Provisions”); (b) the Series B Voting Shares and the Conversion Ratio (to the extent not adjusted by the Preferred Stock Adjustable Provisions)(the “Common Stock Adjustable Provisions”), and (c) any and all other terms, conditions, amounts and provisions of this Designation which (i) pursuant to the terms of this Designation provide for equitable adjustment in the event of a Recapitalization (the “Other Equitable Adjustable Provisions”); or (ii) the Board of Directors of the Corporation determines in their reasonable good faith judgment is required to be equitably adjusted in connection with any Recapitalizations, shall each be subject to equitable adjustment as provided in Sections 4.2 through 4.3, below, as determined by the Board of Directors in their sole and reasonable discretion.
  
 4.2 Adjustments for Subdivisions or Combinations of Common Stock. In the event the outstanding shares of Common Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Common Stock, without a corresponding subdivision of the Series B Preferred Stock, the applicable Common Stock Adjustable Provisions and the Other Equitable Adjustable Provisions (if any) in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately and equitably adjusted, as determined by the reasonable good faith determination of the Board of Directors. In the event the outstanding shares of Common Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Common Stock, without a corresponding combination of the Series B Preferred Stock, the Common Stock Adjustable Provisions and the Other Equitable Adjustable Provisions (if any) in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately and equitably adjusted, as determined by the reasonable good faith determination of the Board of Directors.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

   
 	 
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 4.3 Adjustments for Subdivisions or Combinations of Series B Preferred Stock. In the event the outstanding shares of Series B Preferred Stock shall be subdivided (by stock split, by payment of a stock dividend or otherwise), into a greater number of shares of Series B Preferred Stock, the applicable Common Stock Adjustable Provisions and the Other Equitable Adjustable Provisions (if any) in effect immediately prior to such subdivision shall, concurrently with the effectiveness of such subdivision, be proportionately and equitably adjusted, as determined by the reasonable good faith determination of the Board of Directors. In the event the outstanding shares of Series B Preferred Stock shall be combined (by reclassification or otherwise) into a lesser number of shares of Series B Preferred Stock, the applicable Common Stock Adjustable Provisions and the Other Equitable Adjustable Provisions (if any) in effect immediately prior to such combination shall, concurrently with the effectiveness of such combination, be proportionately and equitably adjusted, as determined by the reasonable good faith determination of the Board of Directors. Provided however that the result of any concurrent adjustment in the Common Stock (as provided under Section 4.2) and any series of Series B Preferred Stock (as provided under Section 4.3) shall only be to affect the equitable adjustable provisions hereof once.
  
 4.4 Adjustments for Reclassification, Exchange and Substitution. If the Common Stock issuable upon Conversion of the Series B Preferred Stock shall be changed into the same or a different number of shares of any other class or classes of stock, whether by capital reorganization, reclassification or otherwise (other than a subdivision or combination of shares provided for above), then, in any such event, in lieu of the number of shares of Common Stock which the holders would otherwise have been entitled to receive, each holder of such Series B Preferred Stock shall have the right thereafter to convert such shares of Series B Preferred Stock into a number of shares of such other class or classes of stock which a holder of the number of shares of Common Stock deliverable upon Conversion of such Series B Preferred Stock immediately before that change would have been entitled to receive in such reorganization or reclassification, all subject to further adjustment as provided herein with respect to such other shares.
  
 4.5 Other Adjustments. The Board of Directors of the Corporation shall also adjust equitably, and shall have the right to adjust equitably, any or all of the Common Stock Adjustable Provisions or Other Equitable Adjustable Provisions from time to time, if the Board of Directors of the Corporation determine in their reasonable good faith judgment that such values and/or provisions are required to be equitably adjusted in connection with any Corporation action.
  
 4.6 Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment pursuant to this Section 4, the Corporation at its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to each Holder a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based. The Corporation shall, upon the reasonable written request at any time of any Holder, furnish or cause to be furnished to such Holder a like certificate setting forth (i) such adjustments and readjustments, and (ii) the number of shares of Common Stock and the amount, if any, of other property which at the time would be received upon the conversion of the Series B Preferred Stock.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 5. Voting.
  
 5.1 Voting In General. In addition to any class or series voting rights provided to the holders of Series B Preferred Stock herein or required by law, on any matter presented to the shareholders of the Corporation for their action or consideration at any meeting of shareholders of the Corporation (or by written consent of shareholders in lieu of meeting), each share of Series B Preferred Stock shall entitle the Holder thereof to a number of votes equal to the Series B Voting Shares. Each Holder shall be entitled, notwithstanding any provision hereof, to notice of any shareholders’ meeting in accordance with the bylaws of the Corporation. Except as provided by law or by the other provisions of the Articles of Incorporation or this Designation, holders of Series B Preferred Stock shall vote together with the holders of Common Stock as a single class.
  
 5.2 Amendments to this Designation. Any of the terms of this Designation may be amended solely with the approval of the independent members of the Board of Directors of the Corporaiton and a Simple Majority, and such amendment shall not require any other approval of the common stock holders or any preferred shareholders of the Corporation, other than as expressly required by law.
  
 5.3 No Series Voting. Other than as provided herein or required by law, there shall be no series voting.
  
 6. Protective Provisions.
  
 6.1 For so long as any Series B Preferred Stock shares are outstanding, the Corporation shall not, without first obtaining the approval (at a meeting duly called or by written consent, as provided by law) of a Simple Majority:
  
 (a) Amend any provision of this Designation;
  
 (b) Increase or decrease (other than by redemption or conversion) the total number of authorized shares of Series B Preferred Stock of the Corporation;
  
 (c) Adopt or authorize any new designation of any Preferred Stock or amend the Articles of Incorporation of the Corporation in a manner which adversely affects the rights, preferences and privileges of the Series B Preferred Stock;
  
 (d) Effect an exchange, or create a right of exchange, cancel, or create a right to cancel, of all or any part of the shares of another class of shares into shares of Series B Preferred Stock;
  
 (e) Issue any additional shares of Series B Preferred Stock; or
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 (f) Alter or change the rights, preferences or privileges of the shares of Series B Preferred Stock so as to affect adversely the shares of such series.
  
 For clarification, the creation or issuance of shares of other series of preferred stock, shall not require the authorization or approval of the holders of the Series B Preferred Stock.
  
 7. Redemption. The Series B Preferred Stock shall not have any redemption rights.
  
 8. Notices.
  
 8.1 In General. Any notices required or permitted to be given under the terms hereof shall be sent by certified or registered mail (return receipt requested) or delivered personally, by nationally recognized overnight carrier or by confirmed facsimile or email transmission, and shall be effective, unless otherwise provided herein, three days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered personally or by nationally recognized overnight carrier or confirmed facsimile transmission, in each case addressed to a party. The addresses for such communications are (i) if to the Corporation to, the Corporation’s principal executive office as set forth in its filings with the Securities and Exchange Commission, and (ii) if to any Holder to the address set forth in the records of the Corporation or its Transfer Agent, as applicable, or such other address as may be designated in writing hereafter, in the same manner, by such person.
  
 8.2 Notices of Record Date. In the event that the Corporation shall propose at any time:
  
 (a) to effect any reclassification or recapitalization of its Common Stock outstanding involving a change in the Common Stock; or
  
 (b) to voluntarily liquidate or dissolve;
  
 then, in connection with each such event, the Corporation shall send to the Holders of the Series B Preferred Stock at least ten days prior written notice of the date on which a record shall be taken for such Distribution (and specifying the date on which the holders of Common Stock shall be entitled thereto and, if applicable, the amount and character of such Distribution) or for determining rights to vote in respect of the matters referred to in (b) and (c) above.
  
 Such written notice shall be given by first class mail (or express courier), postage prepaid, addressed to the holders of Series B Preferred Stock at the address for each such Holder as shown on the books of the Corporation and shall be deemed given on the date such notice is mailed.
  
 The notice provisions set forth in this section may be shortened or waived prospectively or retrospectively by the vote or written consent of the holders of a Simple Majority, voting together as a single class.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 9. No Preemptive Rights. No Holder shall have the right to purchase shares of capital stock of the Corporation sold or issued by the Corporation except to the extent that such right may from time to time be set forth in a written agreement between the Corporation and such shareholder.
  
 10. Reports. The Corporation shall mail to all holders of Series B Preferred Stock those reports, proxy statements and other materials that it mails to all of its holders of Common Stock.
  
 11. Replacement Preferred Stock Certificates. In the event that any Holder notifies the Corporation that a Preferred Stock Certificate evidencing shares of Series B Preferred Stock has been lost, stolen, destroyed or mutilated, the Corporation shall issue a replacement stock certificate evidencing the Series B Preferred Stock identical in tenor and date (or if such certificate is being issued for shares not covered in a redemption or conversion, in the applicable tenor and date) to the original Preferred Stock Certificate evidencing the Series B Preferred Stock, provided that the Holder executes and delivers to the Corporation and/or its Transfer Agent, as applicable, an affidavit of lost stock certificate and an agreement reasonably satisfactory to the Corporation and its Transfer Agent to indemnify the Corporation from any loss incurred by it in connection with such Series B Preferred Stock certificate, and provides the Corporation and/or its Transfer Agent such other information, documents and if applicable, bonds and indemnities as the Corporation or its Transfer Agent customarily requires for reissuances of stock certificates (collectively the “Lost Certificate Materials”); provided, however, the Corporation shall not be obligated to re-issue replacement stock certificates if the Holder contemporaneously requests the Corporation to convert or redeem the full number of shares evidenced by such lost, stolen, destroyed or mutilated certificate.
  
 12. No Other Rights or Privileges. Except as specifically set forth herein, the Holders of the Series B Preferred Stock shall have no other rights, privileges or preferences with respect to the Series B Preferred Stock.
  
 13. Transfer Restrictions. The shares of Series B Preferred Stock shall not be Transferred by any Holder thereof after the Filing Date to any Person. “Transfer” means directly or indirectly (a) offering for sale, selling, pledging, hypothecating, transferring, assigning or otherwise disposing of (or enter into any transaction or device that is designed to, or could be expected to, result in the sale, pledge, hypothecation, transfer, assignment or other disposition at any time) (including, without limitation, by operation of law); or (b) entering into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the benefits or risks of ownership of the applicable securities, whether any such transaction is to be settled by delivery of securities or other securities, in cash or otherwise. In furtherance of the foregoing, the Corporation and its Transfer Agent are hereby authorized (i) to decline to make any Transfer of securities if such Transfer would constitute a violation or breach of this Section 13; and (ii) to imprint on any certificate representing Series B Preferred Stock (and/or any book-entry statement) with a legend describing the restrictions contained herein, as described below:
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN TRANSFER RESTRICTIONS SET FORTH IN THE AMENDED AND RESTATED CERTIFICATE OF DESIGNATION OF SUCH SERIES B PREFERRED STOCK. THESE SHARES MAY NOT BE SOLD, EXCEPT IN COMPLIANCE WITH THAT CERTIFICATE OF DESIGNATION.
  
 Any attempted transfer in violation of the terms of this Section 13 shall be void ab initio.
  
 14. Construction. When used in this Designation, unless a contrary intention appears: (i) a term has the meaning assigned to it; (ii) “or” is not exclusive; (iii) “including” means including without limitation; (iv) words in the singular include the plural and words in the plural include the singular, and words importing the masculine gender include the feminine and neuter genders; (v) any agreement, instrument or statute defined or referred to herein or in any instrument or certificate delivered in connection herewith means such agreement, instrument or statute as from time to time amended, modified or supplemented and includes (in the case of agreements or instruments) references to all attachments thereto and instruments incorporated therein; (vi) the words “hereof”, “herein” and “hereunder” and words of similar import when used in this Designation shall refer to this Designation as a whole and not to any particular provision hereof; (vii) references contained herein to Article, Section, Schedule and Exhibit, as applicable, are references to Articles, Sections, Schedules and Exhibits in this Designation unless otherwise specified; (viii) references to “dollars”, “Dollars” or “$” in this Designation means United States dollars; (ix) reference to a particular statute, regulation or law means such statute, regulation or law as amended or otherwise modified from time to time; (x) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein); (xi) unless otherwise stated in this Designation, in the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”; (xii) references to “days” means calendar days; and (xiii) the paragraph and section headings contained in this Designation are for convenience only, and shall in no manner affect the interpretation of any of the provisions of this Designation.
  
 15. Miscellaneous.
  
 15.1 Further Assurances. Each Holder hereby covenants that, in consideration for receiving shares of Series B Preferred Stock, that he, she or it will, whenever and as reasonably requested by the Corporation, do, execute, acknowledge and deliver any and all such other and further acts, deeds, confirmations, agreements and documents as the Corporation or its Transfer Agent may reasonably require in order to complete, insure and perfect any of the terms, conditions or provisions of this Designation.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
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 15.2 Technical, Corrective, Administrative or Similar Changes. The Corporation may, by any means authorized by law and without any vote of the Holders of shares of the Series B Preferred Stock, make technical, corrective, administrative or similar changes in this Designation that do not, individually or in the aggregate, adversely affect the rights or preferences of the Holders of shares of the Series B Preferred Stock.
  
 15.3 Waiver/Amendment. Notwithstanding any provision in this Designation to the contrary, any provision contained herein and any right of the holders of Series B Preferred Stock granted hereunder may be waived and/or amended as to all shares of Series B Preferred Stock (and the Holders thereof) upon the written consent of a Simple Majority, together with the approval of the Board of Directors of the Corporation, unless a higher percentage is required by applicable law, in which case the written consent of the Holders of not less than such higher percentage of shares of Series B Preferred Stock shall be required.
  
 15.4 Interpretation. Whenever possible, each provision of this Designation shall be interpreted in a manner as to be effective and valid under applicable law and public policy. If any provision set forth herein is held to be invalid, unlawful or incapable of being enforced by reason of any rule of law or public policy, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or otherwise adversely affecting the remaining provisions of this Designation. No provision herein set forth shall be deemed dependent upon any other provision unless so expressed herein. If a court of competent jurisdiction should determine that a provision of this Designation would be valid or enforceable if a period of time were extended or shortened, then such court may make such change as shall be necessary to render the provision in question effective and valid under applicable law.
  
 16. Definitions. In addition to other terms defined throughout this Designation, the following terms have the following meanings when used herein:
  
 16.1 “Automatic Conversion Date” means the date that the aggregate beneficial ownership of the Corporation’s Common Stock (calculated pursuant to Rule 13d-3 of the Exchange Act), calculated without regard to any shares of Common Stock issuable upon conversion of the Series B Preferred Stock, nor any voting rights associated with such Series B Preferred Stock, of Anthony Brian Goodman (the Corporation’s current Chief Exercutive Officer), falls below 10% of the Corporation’s Common Stock then outstanding, or the first Business Day thereafter that the Corporation becomes aware of such.
  
 16.2 “Business Day” means any day except Saturday, Sunday or any day on which banks are authorized by law to be closed in the city in which the Corporation has its principal place of business.
  
 16.3 “Common Stock” means the common stock, $0.00001 par value per share of the Corporation.
  
 16.4 “Conversion Ratio” means 1,000.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
	Page 11
	

	 

  
 16.6 “Distribution” means the transfer of cash or other property without consideration whether by way of dividend or otherwise (other than dividends on Common Stock payable in Common Stock), or the purchase or redemption of shares of the Corporation for cash or property other than repurchases of Common Stock (or securities convertible into Common Stock) approved by the Corporation’s Board of Directors.
  
 16.5 “Filing Date” means the date that this Designation is filed with the Secretary of State of Nevada.
  
 16.6 “Holder” means the person or entity in which the Series B Preferred Stock is registered on the books of the Corporation.
  
 16.7 “Preferred Stock” means all shares of the Corporation’s issued and outstanding preferred stock, including, but not limited to the Series B Preferred Stock.
  
 16.8 “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity and a government or any department or agency thereof.
  
 16.9 “Preferred Stock Certificates” means the stock certificate(s) issued by the Corporation representing the applicable Series B Preferred Stock shares.
  
 16.10 “Recapitalization” means any stock dividend, stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event described in Sections 4.2 through 4.4.
  
 16.11 “Restricted Shares” means shares of the Corporation’s Common Stock which are restricted from being transferred by the Holder thereof unless the transfer is effected in compliance with the Securities Act and applicable state securities laws (including investment suitability standards, which shares shall bear the following restrictive legend (or one substantially similar)):
  
 The securities represented by this certificate have not been registered under the Securities Act of 1933 or any state securities act. The securities have been acquired for investment and may not be sold, transferred, pledged or hypothecated unless (i) they shall have been registered under the Securities Act of 1933 and any applicable state securities act, or (ii) the corporation shall have been furnished with an opinion of counsel, satisfactory to counsel for the corporation, that registration is not required under any such acts.
  
 16.12 “SEC” means the Securities and Exchange Commission.
  
 16.13 “Securities Act” means the Securities Act of 1933, as amended (and any successor thereto) and the rules and regulations promulgated thereunder.
  
 16.14 “Series B Voting Shares” means 7,500.
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
	Page 12
	

	 

  
 16.15 “Simple Majority” means the holders of at least a majority of the issued and outstanding shares of Series B Preferred Stock.
  
 16.16 “Transfer Agent” means initially, the Corporation, which will be serving as its own transfer agent for the Series B Preferred Stock, but at the option of the Corporation from time to time, may also mean any transfer agent which the Corporation may use for its Series B Preferred Stock.
  
 ——————————————————————————
  
 NOW THEREFORE BE IT RESOLVED, that the Designation is hereby approved, affirmed, confirmed, and ratified; and it is further
  
 RESOLVED, that each officer of the Corporation be and hereby is authorized, empowered and directed to execute and deliver, in the name of and on behalf of the Corporation, any and all documents, and to perform any and all acts necessary to reflect the Board of Directors approval and ratification of the resolutions set forth above; and it is further
  
 RESOLVED, that in addition to and without limiting the foregoing, each officer of the Corporation and the Corporation’s attorney be and hereby is authorized to take, or cause to be taken, such further action, and to execute and deliver, or cause to be delivered, for and in the name and on behalf of the Corporation, all such instruments and documents as he may deem appropriate in order to effect the purpose or intent of the foregoing resolutions (as conclusively evidenced by the taking of such action or the execution and delivery of such instruments, as the case may be) and all action heretofore taken by such officer in connection with the subject of the foregoing recitals and resolutions be, and it hereby is approved, ratified and confirmed in all respects as the act and deed of the Corporation.
  
 [Remainder of page left intentionally blank. Signature page follows.]
  
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
	Page 13
	

	 

  
 IN WITNESS WHEREOF, the Corporation has caused this "Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designations, Preferences, Limitations and Relative Rights of Its Series B Voting Preferred Stock," to be duly executed this 11th day of March 2022.
  
 	  
	  
	 Golden Matrix Group, Inc.
	  

	  
	  
	  
	  

	  
	  
	 /s/ Anthony Brian Goodman
	  

	  
	  
	 Anthony Brian Goodman
	  

	  
	  
	 Chief Executive Officer
	  

   
  
 	 Golden Matrix Group, Inc.: Amended and Restated Certificate of Designation of Series B Voting Preferred Stock

  
 	 
	Page 14
	

	 

  
 Exhibit A
 NOTICE OF CONVERSION
  
 This Notice of Conversion is executed by the undersigned holder (the “Holder”) in connection with the conversion of shares of the Series B Voting Preferred Stock of Golden Matrix Group, Inc., a Nevada corporation (the “Corporation”), pursuant to the terms and conditions of that certain Amended and Restated Certificate of Designation of Golden Matrix Group, Inc. Establishing the Designations, Preferences, Limitations and Relative Rights of Its Series B Voting Preferred Stock (the “Designation”), approved by the Board of Directors of the Corporation on March 11, 2022. Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Designation.
  
 Conversion: In accordance with and pursuant to such Designation, the Holder hereby elects to convert the number of shares of Series B Voting Preferred Stock indicated below into shares of Common Stock of the Corporation as of the date specified below.
  
 Date of Conversion:                           
  
 Number of Preferred Shares Held by Holder:                                        
  
 Amount Being Converted Hereby:                   
  
 Common Stock Shares Due:                                        
  
 Preferred Shares Held After Conversion:                  
  
 Delivery of Shares: Pursuant to this Notice of Conversion, the Corporation shall deliver the applicable number of shares of Common Stock (the “Shares”) issuable in accordance with the terms of the Designation as set forth above. If Shares are to be issued in the name of a person other than the Holder, the Holder will pay all transfer taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Corporation in accordance therewith. No fee will be charged to the Holder for any conversion, except for such transfer taxes, if any. The Holder acknowledges and confirms that the Shares issued pursuant to this Notice of Conversion will, to the extent not previously registered by the Corporation under the Securities Act, be Restricted Shares, unless the Shares are covered by a valid and effective registration under the Securities Act or this Notice of Conversion includes a valid opinion from an attorney stating that such Shares can be issued free of restrictive legend, which shall be determined by the Corporation in its sole discretion. 
  
 	 
	Page 15
	

	 

  
 If stock certificates are to be issued, they shall be issued in the following name and to the following address:
  
 Authority: Any individual executing this Notice of Conversion on behalf of an entity has authority to act on behalf of such entity and has been duly and properly authorized to sign this Notice of Conversion on behalf of such entity.
  
 	  
	  
	  

	  
	 (Print Name of Holder)
	  

	  
	  
	  
	  

	  
	 By/Sign:
	  
	  

	  
	  
	  
	  

	  
	 Print Name:
	  
	  

	  
	  
	  
	  

	  
	 Print Title:
	  
	  

  
 	 
	 Page 16Exhibit 4.2

 

Execution Version

 

FIRST SUPPLEMENTAL INDENTURE

 

This FIRST SUPPLEMENTAL
INDENTURE, dated as of March 11, 2022 (this “Supplemental Indenture”), is by and among CONOCOPHILLIPS
COMPANY, a Delaware corporation (the “Company”), CONOCOPHILLIPS, a Delaware corporation (the “Guarantor”),
and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “Trustee”).

 

RECITALS

 

WHEREAS, the Company, the Guarantor
and the Trustee are parties to an Indenture, dated as of December 7, 2012 (the “Base Indenture” and, as supplemented
by this Supplemental Indenture, the “Indenture”), relating to the issuance from time to time by the Company of its
Securities on terms to be specified at the time of issuance;

 

WHEREAS, Section 9.01(8) of
the Base Indenture provides that the Company, the Guarantor and the Trustee may amend or supplement the Base Indenture to change or eliminate
any of the provisions of the Base Indenture; provided that any such change or elimination shall become effective only when there is no
outstanding Security of any series created prior to the execution of such amendment or supplemental indenture that is adversely affected
in any material respect by such change in or elimination of such provision;

 

WHEREAS, Section 9.01(9) of
the Base Indenture provides that the Company, the Guarantor and the Trustee may amend or supplement the Base Indenture to establish the
form or terms of Securities of any series as permitted by Section 2.01 of the Base Indenture;

 

WHEREAS, pursuant to an Offering
Memorandum, dated as of February 22, 2022 (the “Offering Memorandum”), the Guarantor and certain of its subsidiaries,
including the Company, have offered (i) certain eligible holders of 6.50% Notes due 2039 and 5.90% Notes due 2038 issued by the Guarantor,
5.95% Notes due 2036 issued by Burlington Resources LLC (“Burlington”), and 5.95% Notes due 2046 issued by the Company
(such notes, collectively, the “Pool 1 Notes”) the opportunity to exchange their Pool 1 Notes for a combination of
cash and newly issued 2062 Notes (as defined below), and (ii) certain eligible holders of 6.95% Notes due 2029 and 7.00% Notes due
2029 issued by the Company, 7.40% Notes due 2031 and 7.20% Notes due 2031 issued by Burlington, and 7.25% Notes due 2031 issued by Burlington
Resources Oil & Gas Company LP (“BRO&G”) (such notes, collectively, the “Pool 2 Notes”)
the opportunity to exchange their Pool 2 Notes for a combination of cash and newly issued 2042 Notes (as defined below);

 

WHEREAS, in connection with
these offers to exchange, the Company desires to issue two separate series of Securities, and has duly authorized the creation and issuance
of such Securities and the execution and delivery of this Supplemental Indenture to modify the Base Indenture and provide certain additional
provisions as hereinafter described;

 

WHEREAS, the parties hereto
deem it advisable to enter into this Supplemental Indenture for the purpose of establishing the terms of such Securities and providing
for the rights, obligations and duties of the Trustee with respect to such Securities; and

 

     

     

    

 

WHEREAS, all conditions and
requirements of the Base Indenture necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with
its terms have been performed and fulfilled by the parties hereto.

 

NOW, THEREFORE, for consideration,
the adequacy and sufficiency of which is hereby acknowledged by the parties hereto, the parties hereto agree as follows:

 

ARTICLE I

 

RELATION TO INDENTURE; DEFINITIONS

 

Section 1.01          Supplemental
Indenture Integral Part of Indenture. This Supplemental Indenture constitutes an integral part of the Indenture.

 

Section 1.02          Definitions
and Headings.

 

(a)            Capitalized
terms used herein and not defined herein shall have the meanings specified in the Base Indenture;

 

(b)            All
references herein to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this Supplemental
Indenture;

 

(c)            The
terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this Supplemental
Indenture; and

 

(d)          For
all purposes of this Supplemental Indenture, capitalized terms used herein shall have the respective meanings specified below:

 

“Applicable Procedures”
means, with respect to any transfer or transaction involving a Global Note or beneficial interest therein, the rules and procedures
of DTC, Euroclear and Clearstream, in each case to the extent applicable to such transaction and as in effect from time to time.

 

“Clearstream”
means Clearstream Banking, S.A., or the successor to its securities clearance and settlement operations.

 

“Definitive Note”
means a certificated Note containing, if required, the Restricted Notes Legend set forth in Section 2.09(e)(ii).

 

“DTC” means
the Depository Trust Company, a New York corporation.

 

“Euroclear”
means Euroclear S.A./N.V., a company organized under the laws of Belgium, as operator of the Euroclear System, or its successor in such
capacity.

 

“Exchange Notes”
has the meaning specified in the Registration Rights Agreement.

 

“Global Notes Legend”
means the legend set forth in Section 2.09(e)(i).

 

    	 	2	 

     

    

 

“Initial Notes”
means the Notes issued pursuant to this Supplemental Indenture on the date hereof.

 

“Interest Payment Date”,
when used with respect to any Notes, means the date specified in such Notes as the fixed date on which an installment of interest is due
and payable.

 

“Make-Whole Basis Points”,
in respect of a series of Notes, means the number of basis points set forth below under the heading “Make-Whole Basis Points”
across from the name of such series of Notes.

 

	Series of Notes	Make-Whole Basis Points
	2062 Notes	25 basis points
	2042 Notes	20 basis points

 

“Notes Custodian”
means the custodian with respect to a Global Note (as appointed by DTC), or any successor Person thereto, and will initially be the Trustee.

 

“Par Call Date”,
in respect of a series of Notes, means the date set forth under the heading “Par Call Date” below across from the name of
such series of Notes.

 

	Series of Notes	Par Call Date
	2062 Notes	September 15, 2061
	2042 Notes	September 15, 2041

 

“Place of Payment”
means the offices of the Trustee; provided that, at the option of the Company, the Company may pay amounts (a) by wire transfer
with respect to Global Securities or (b) by wire transfer or by check payable in such money mailed to a Holder’s registered
address with respect to any Notes.

 

“Qualified Institutional
Buyer” has the meaning specified in Rule 144A promulgated under the Securities Act.

 

“Redemption Date”,
when used with respect to any Note to be redeemed, means the date fixed for such redemption by or pursuant to the Indenture.

 

“Redemption Price”,
when used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to the Indenture.

 

“Registered Exchange
Offer” means the offer by the Company, pursuant to the Registration Rights Agreement, to certain Holders of Initial Notes, to
issue and deliver to such Holders, in exchange for their Initial Notes, a like aggregate principal amount of Exchange Notes registered
under the Securities Act.

 

“Registration Rights
Agreement” means the Registration Rights Agreement, dated as of March 11, 2022, among the Company, the Guarantor and the
Dealer Managers (as defined in the Offering Memorandum).

 

    	 	3	 

     

    

 

“Regulation S”
means Regulation S promulgated under the Securities Act.

 

“Restricted Notes Legend”
means the legend set forth in Section 2.09(e)(ii).

 

“Restricted Period”
means, with respect to any Notes, the period that is forty (40) days after the later of (i) the original issue date of the Notes
and (ii) the date when the Notes or any predecessor of the Notes are first offered to Persons other than distributors (as defined
in Rule 902 of Regulation S) in reliance on Regulation S.

 

“Rule 144”
means Rule 144 promulgated under the Securities Act.

 

“Rule 144A”
means Rule 144A promulgated under the Securities Act.

 

“Securities Act”
means the U.S. Securities Act of 1933, as amended.

 

“Transfer Restricted
Note” means any Note that contains or is required to contain a Restricted Notes Legend.

 

“Treasury Rate”
means, with respect to any Redemption Date, the yield determined by the Company in accordance with the following two paragraphs:

 

(i)            The
Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or after such time as yields on U.S. government
securities are posted daily by the Board of Governors of the Federal Reserve System), on the third Business Day preceding the Redemption
Date based upon the yield or yields for the most recent day that appear after such time on such day in the most recent statistical release
published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or
any successor designation or publication) (“H.15”) under the caption “U.S. government securities–Treasury
constant maturities–Nominal” (or any successor caption or heading). In determining the Treasury Rate, the Company shall select,
as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the
Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal
to the Remaining Life, the two yields – one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than
and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life – and shall interpolate
to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal
places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for
the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant
maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable,
of such Treasury constant maturity from the Redemption Date.

 

    	 	4	 

     

    

 

(ii)            If
on the third Business Day preceding the Redemption Date H.15 or any successor designation or publication is no longer published, the Company
shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New
York City time, on the second Business Day preceding such Redemption Date of the United States Treasury security maturing on, or with
a maturity that is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call
Date but there are two or more United States Treasury securities with a maturity date equally distant from the Par Call Date, one with
a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United
States Treasury security with a maturity date preceding the Par Call Date. If there are two or more United States Treasury securities
maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company
shall select from among these two or more United States Treasury securities the United States Treasury security that is trading closest
to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time.
In determining the Treasury Rate in accordance with the terms of this paragraph, the semi-annual yield to maturity of the applicable United
States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at
11:00 a.m., New York City time, of such United States Treasury security, and rounded to three decimal places.

 

Section 1.03          Index
of Other Defined Terms.

 

	Term	 	Defined in

Section
	2062 Notes	 	2.01(a)
	2042 Notes	 	2.01(b)
	Additional Notes	 	2.02(d)
	Base Indenture	 	Recitals
	Company	 	Recitals
	Global Notes	 	2.08(b)
	Guarantor	 	Recitals
	Indenture	 	Recitals
	Notes	 	2.01(b)
	Offering Memorandum	 	Recitals
	Pool 1 Notes	 	Recitals
	Pool 2 Notes	 	Recitals
	Regulation S Global Note	 	2.08(b)
	Rule 144A Global Note	 	2.08(b)
	Supplemental Indenture	 	Recitals
	Trustee	 	Recitals

 

ARTICLE II

 

THE NOTES

 

Section 2.01          Title
of Securities. There will be:

 

(a)            a
series of Securities designated the “4.025% Notes due 2062” of the Company (the “2062 Notes”); and

 

(b)            a
series of Securities designated the “3.758% Notes due 2042” of the Company (the “2042 Notes” and, together
with the 2062 Notes, the “Notes”).

 

    	 	5	 

     

    

 

Section 2.02          Limitation
of Aggregate Principal Amounts.

 

(a)            The
aggregate principal amount of the 2062 Notes will initially be limited to $1,767,690,000.

 

(b)            The
aggregate principal amount of the 2042 Notes will initially be limited to $783,545,000.

 

(c)            In
the case of each series of Notes, the aggregate principal amount specified in this Section 2.02 will be subject to the amount of
such series that is authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities
of the series pursuant to Sections 2.08, 2.09, 2.12, 2.17, 3.07 or 9.05 of the Base Indenture and the amount of any Securities of such
series which, pursuant to Section 2.04 and 2.17 of the Base Indenture, are deemed never to have been authenticated and delivered
thereunder.

 

(d)            The
authorized aggregate principal amount of any series of Notes may be increased before or after the issuance of such Notes by a Board Resolution
(or action pursuant to a Board Resolution) to such effect; provided, however, that any such additional Notes (“Additional
Notes”) issued of any series that are not fungible, for U.S. federal income tax purposes, with the original Notes of such series
issued hereunder will have a separate CUSIP, ISIN and other identifying number. The Notes of each series and any Additional Notes
of such series, together with any Exchange Notes issued with respect to such series in accordance with the Registration Rights Agreement,
will be treated as a single series for all purposes under the Indenture, including, without limitation, waivers, amendments and redemptions.

 

Section 2.03          Principal
Payment Dates.

 

(a)            The
principal amount of the 2062 Notes outstanding (together with any accrued and unpaid interest) will be payable in a single installment
on March 15, 2062, which date will be the Stated Maturity of the 2062 Notes.

 

(b)            The
principal amount of the 2042 Notes outstanding (together with any accrued and unpaid interest) will be payable in a single installment
on March 15, 2042, which date will be the Stated Maturity of the 2042 Notes.

 

Section 2.04          Interest
on the Notes.

 

(a)            The
2062 Notes will accrue interest at a rate of 4.025% per annum and will be payable semiannually in cash on each March 15 and September 15,
to the persons who are registered holders of the 2062 Notes at the close of business on the March 1 and September 1 immediately
preceding the applicable Interest Payment Date; provided that the first Interest Payment Date shall be September 15, 2022.

 

(b)            The
2042 Notes will accrue interest at a rate of 3.758% per annum and will be payable semiannually in cash on each March 15 and September 15,
to the persons who are registered holders of the 2042 Notes at the close of business on the March 1 and September 1 immediately
preceding the applicable Interest Payment Date; provided that the first Interest Payment Date shall be September 15, 2022.

 

    	 	6	 

     

    

 

(c)            Interest
with respect to the Notes will be paid on the basis of a 360-day year consisting of twelve 30-day months.

 

(d)            Interest
on each series of Notes will accrue from the last Interest Payment Date on which interest was paid or, if no interest has been paid, from
March 11, 2022, or, in the case of any Additional Notes issued subsequent to the date hereof, as specified in connection with the
issuance thereof.

 

Section 2.05          Method
of Payment. The Trustee will initially act as Paying Agent and Registrar. The Company will pay the principal of, premium (if any)
on and interest on and any additional amounts with respect to the Notes in Dollars. Such amounts shall be payable at the Place of Payment.

 

Section 2.06          Sinking
Fund Obligations. The Company is not required to make any mandatory redemption or sinking fund payments with respect to the Notes.

 

Section 2.07          Denomination.
The Notes will be issued only in fully registered form, without coupons, in minimum denominations of $2,000 and any integral multiple
of $1,000 in excess thereof.

 

Section 2.08          Form of
Notes.

 

(a)            Each
series of the Notes shall be substantially in the form of the corresponding Annex attached hereto (other than, with respect to (x) any
Additional Notes of any series of the Notes, changes related to issue date, issue price, under some circumstances, the first Interest
Payment Date of such Additional Notes and, if such Additional Notes are not fungible, for U.S. federal income tax purposes, with the original
Notes of such series issued hereunder, the CUSIP, ISIN and other identifying numbers and (y) any Exchange Notes of any series
of the Notes, changes related to legends, transfer restrictions, CUSIP/ISIN numbers and other changes customary for debt securities registered
pursuant to the Securities Act). The Notes may have notations, legends or endorsements required by law, rule or usage to which the
Company is subject. Each Note shall be dated the date of its authentication.

 

(b)            On
the date of this Supplemental Indenture, the 2062 Notes shall be exchanged (together with cash) for the Pool 1 Notes and the 2042 Notes
shall be exchanged (together with cash) for the Pool 2 Notes, in each case pursuant to the Offering Memorandum. Notes may thereafter be
transferred to, among others, purchasers reasonably believed to be Qualified Institutional Buyers, purchasers in reliance on Regulation
S, and otherwise, subject to the restrictions on transfer set forth herein. Notes initially issued to Qualified Institutional Buyers shall
be initially issued in the form of one or more permanent Global Securities in fully registered form (collectively, the “Rule 144A
Global Note”) and Notes initially issued to non-U.S. Persons pursuant to Regulation S shall be initially issued in the form
of one or more permanent Global Securities in fully registered form (collectively, the “Regulation S Global Note”),
in each case without interest coupons and with the Global Notes Legend and the Restricted Notes Legend set forth in Section 2.09(e) hereof.
Such Global Securities shall be deposited on behalf of the eligible holders of the Notes represented thereby with the Notes Custodian
and registered in the name of Cede & Co., as nominee of DTC, duly executed by the Company and authenticated by the Trustee as
provided in this Indenture. The Rule 144A Global Notes and the Regulation S Global Notes are collectively referred to herein as “Global
Notes.” The aggregate principal amount of the Global Notes may from time to time be increased or decreased by adjustments made
on the records of the Trustee and DTC or its nominee as hereinafter provided.

 

    	 	7	 

     

    

 

(c)            The
terms and provisions contained in the Notes shall constitute, and are expressly made, a part of this Supplemental Indenture and, to the
extent applicable, the Company, the Guarantor and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly
agree to such terms and provisions and agree to be bound thereby. If there is any conflict between the terms of the Notes and this Supplemental
Indenture, the terms of this Supplemental Indenture shall govern. With respect to the Notes, if there is any conflict between the terms
of the Base Indenture and this Supplemental Indenture, the terms of this Supplemental Indenture shall govern.

 

Section 2.09          Special
Transfer Provisions.

 

(b)            Transfer
and Exchange of Definitive Notes. When Definitive Notes are presented to the Registrar with a request to transfer or exchange, if
such Definitive Notes are being transferred pursuant to an exemption from registration in accordance with Rule 144 or in reliance
upon another exemption from the registration requirements of the Securities Act, (i) a certification to that effect (in the form
set forth on the reverse side of the Initial Note) and (ii) if the Company or Registrar so requests, an opinion of counsel or other
evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend set forth in Section 2.09(e)(ii) shall
be delivered by the transferor to the Trustee.

 

(c)          Restrictions
on Transfer of a Definitive Note for a Beneficial Interest in a Global Note. Upon receipt by the Trustee of a Definitive Note, duly
endorsed or accompanied by a written instrument of transfer to a Global Note in form reasonably satisfactory to the Company and the Registrar,
together with:

 

(i)            certification
(in the form set forth on the reverse side of the Initial Note) that such Definitive Note is being transferred (A) to a Qualified
Institutional Buyer in accordance with Rule 144A or (B) to a non-U.S. Person outside the United States in an offshore transaction
within the meaning of Regulation S and in compliance with Rule 903 or Rule 904 of Regulation S; and

 

(ii)            written
instructions directing the Trustee to make, or to direct the Notes Custodian to make, an adjustment on its books and records with respect
to such Global Note to reflect an increase in the aggregate principal amount of the Notes represented by the Global Note, such instructions
to contain information regarding the DTC account to be credited with such increase,

 

then the Trustee shall cancel such Definitive
Note and cause, or direct the Notes Custodian to cause, in accordance with the standing instructions and procedures existing between DTC
and the Notes Custodian, the aggregate principal amount of Notes represented by the Global Note to be increased by the aggregate principal
amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such
instructions a beneficial interest in the Global Note equal to the principal amount of the Definitive Note so canceled.

 

    	 	8	 

     

    

 

(d)            Transfer
and Exchange of Global Notes.

 

(i)            Transfers
by an owner of a beneficial interest in a Rule 144A Global Note to a transferee who takes delivery of such interest through a Regulation
S Global Note of the same series, whether before or after the expiration of the Restricted Period, shall be made in accordance with the
procedures of DTC and only upon receipt by the Trustee of a written certification (in the form set forth on the reverse side of the Initial
Note) from the transferor to the effect that such transfer is being made in accordance with Rule 903 or Rule 904 of Regulation
S or (if available) Rule 144 and, if such transfer is being made prior to the expiration of the Restricted Period, the interest transferred
shall be held immediately thereafter through Euroclear, Clearstream or DTC.

 

(ii)          Beneficial
interests in Regulation S Global Notes may be exchanged for interests in Rule 144A Global Notes of the same series in accordance
with the procedures of DTC if (1) such exchange occurs in connection with a transfer of Notes in compliance with Rule 144A and
(2) the transferor of the beneficial interest in the Regulation S Global Note first delivers to the Trustee a written certificate
(in the form set forth on the reverse side of the Initial Note) to the effect that the beneficial interest in the Regulation S Global
Note is being transferred (A) to a Person who the transferor reasonably believes to be a Qualified Institutional Buyer, (B) to
a Person who is purchasing for its own account or the account of a Qualified Institutional Buyer in a transaction meeting the requirements
of Rule 144A and (C) in accordance with all applicable securities laws of the States of the United States and other jurisdictions.

 

(iii)          In
the event that a Global Note is exchanged for Definitive Notes prior to the consummation of the Registered Exchange Offer or the effectiveness
of a Shelf Registration Statement (as defined in the Registration Rights Agreement) with respect to such Notes, such Notes may be exchanged
only in accordance with such procedures as are substantially consistent with the provisions of this Section 2.09 (including
the certification requirements set forth on the reverse of the Initial Notes intended to ensure that such transfers comply with Rule 144,
Rule 144A, Regulation S or such other applicable exemption from registration under the Securities Act, as the case may be) and such
other procedures as may from time to time be adopted by the Company.

 

    	 	9	 

     

    

 

(e)            Restrictions
on Transfer of Regulation S Global Notes.

 

(i)            Prior
to the expiration of the Restricted Period, interests in a Regulation S Global Note may only be held through Euroclear, Clearstream or
DTC. During the Restricted Period, beneficial ownership interests in a Regulation S Global Note may only be sold, pledged or transferred
through Euroclear, Clearstream or DTC in accordance with the Applicable Procedures and only (A) to the Company or any Subsidiary
thereof, (B) pursuant to a registration statement that has been declared effective under the Securities Act, (C) for so long
as such security is eligible for resale pursuant to Rule 144A, to a Person whom the selling holder reasonably believes is a Qualified
Institutional Buyer that purchases for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that
the resale, pledge or transfer is being made in reliance on Rule 144A, (D) pursuant to offers and sales to non-U.S. Persons
that occur outside the United States (within the meaning of Regulation S under the Securities Act), or (E) pursuant to another available
exemption from the registration requirements of the Securities Act, in each case in accordance with any applicable securities laws of
any state of the United States, subject to the Company’s and the Trustee’s right prior to any such offer, sale or transfer
pursuant to clause (D) or (E) to require the delivery of an opinion of counsel, certification and/or other information satisfactory
to each of them. Prior to the expiration of the Restricted Period, transfers by an owner of a beneficial interest in a Regulation S Global
Note to a transferee who takes delivery of such interest through a Rule 144A Global Note shall be made only in accordance with the
Applicable Procedures, pursuant to Rule 144 or 144A of the Securities Act and upon receipt by the Trustee of a written certification
(in the form on the reverse side of the Initial Note).

 

(ii)            Upon
the expiration of the Restricted Period, beneficial ownership interests in a Regulation S Global Note shall be transferable in accordance
with applicable law and the other terms of the Indenture.

 

(f)            Legend.

 

(i)            Each
Note certificate evidencing the Global Notes (and all Notes that are Global Notes issued in exchange therefor or in substitution thereof)
will contain a legend substantially to the following effect (each defined term in the legend being defined as such for purposes of the
legend only):

 

UNLESS AND UNTIL IT IS EXCHANGED
IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT 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 OR BY THE DEPOSITARY
OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. THE DEPOSITORY TRUST COMPANY (55 WATER STREET,
NEW YORK, NEW YORK), A NEW YORK CORPORATION (“DTC”), SHALL ACT AS THE DEPOSITARY UNTIL A SUCCESSOR SHALL BE APPOINTED BY THE
COMPANY AND THE REGISTRAR. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC TO THE ISSUER OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH
OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

(ii)            Except
as permitted by the following paragraphs (iii), (iv), (v) or (vi), each Note certificate evidencing the Global Notes and the Definitive
Notes (and all Notes issued in exchange therefor or in substitution thereof) will contain a legend substantially to the following effect
(each defined term in the legend being defined as such for purposes of the legend only):

 

    	 	10	 

     

    

 

THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER

 

(1)            REPRESENTS
THAT

 

(A)          IT
AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE MEANING OF RULE 144A UNDER THE SECURITIES
ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR

 

(B)            IT
IS NOT A “U.S. PERSON” (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND

 

(2)            AGREES
FOR THE BENEFIT OF CONOCOPHILLIPS COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY BENEFICIAL INTEREST
HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY

 

(A)          TO
CONOCOPHILLIPS COMPANY,

 

(B)            PURSUANT
TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT,

 

(C)            TO
A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,

 

(D)          IN
AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR

 

(E)           PURSUANT
TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.

 

PRIOR TO THE REGISTRATION OF
ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH
MAY BE OBTAINED FROM THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH
(2)(E) ABOVE, CONOCOPHILLIPS COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE
AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT
AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT.

 

    	 	11	 

     

    

 

(iii)           Upon
any sale or transfer of a Transfer Restricted Note that is a Definitive Note, the Registrar shall permit the Holder thereof to exchange
such Transfer Restricted Note for a Definitive Note that does not bear the legends set forth above and rescind any restriction on the
transfer of such Transfer Restricted Note if the Holder certifies in writing to the Registrar that its request for such exchange was made
in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Initial Note).

 

(iv)            After
a transfer of any Initial Notes during the period of the effectiveness of a Shelf Registration Statement (as defined in the Registration
Rights Agreement) with respect to such Initial Notes, as the case may be, all requirements pertaining to the Restricted Notes Legend on
such Initial Notes shall cease to apply and the requirements that any such Initial Notes be issued in global form shall continue to apply.

 

(v)            Upon
the consummation of a Registered Exchange Offer with respect to the Initial Notes pursuant to which Holders of such Initial Notes are
offered Exchange Notes in exchange for their Initial Notes, all requirements pertaining to Initial Notes that Initial Notes be issued
in global form shall continue to apply, and Exchange Notes in global form without the Restricted Notes Legend will be deposited with the
Notes Custodian and the corresponding Initial Notes cancelled.

 

(vi)           Upon
a sale or transfer after the expiration of the Restricted Period of any Initial Note acquired pursuant to Regulation S, all requirements
that such Initial Note bear the Restricted Notes Legend shall cease to apply and the requirements requiring any such Initial Note be issued
in global form shall continue to apply.

 

Section 2.10          Optional
Redemption.

 

(a)            On
and after the applicable Par Call Date, the Company may redeem the Notes of a series at its option, in whole or in part, at any time or
from time to time, at a Redemption Price equal to 100.0% of the principal amount of the Notes to be redeemed, plus accrued and unpaid
interest on such Notes, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date
to receive interest due on the relevant Interest Payment Date).

 

(b)            Prior
to the applicable Par Call Date, the Company may redeem the Notes of a series at its option, in whole or in part, at any time or from
time to time, at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater
of:

 

(i)            (a) the
sum of the present values of the remaining scheduled payments of principal and interest on the Notes redeemed discounted to the Redemption
Date (assuming such Notes matured on the applicable Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate plus the applicable Make-Whole Basis Points less (b) interest accrued to the Redemption Date,
and

 

    	 	12	 

     

    

 

(ii)            100%
of the principal amount of the Notes to be redeemed,

 

plus, in either case, accrued and unpaid interest
thereon to the Redemption Date.

 

(c)            The
Company’s actions and determinations in determining the Redemption Price in connection with any redemption pursuant to this Section 2.10
shall be conclusive and binding for all purposes, absent manifest error.

 

Section 2.11          Selection
by Trustee of Notes to Be Redeemed.

 

(a)            In
the case of a partial redemption of the Notes of a series, selection of the Notes of such series for redemption shall be made on a pro
rata basis, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair (or, in the case of Global
Notes, Notes will be selected for redemption using the method prescribed by DTC). No Notes of a principal amount of $2,000 or less will
be redeemed in part.

 

(b)            For
all purposes of the Indenture, unless the context otherwise requires, all provisions relating to the redemption of Notes shall relate,
in the case of any Notes redeemed or to be redeemed only in part, to the portion of the principal amount of such Notes which has been
or is to be redeemed.

 

Section 2.12          Notice
of Redemption.

 

(a)            Notice
of redemption shall be mailed by first-class mail, postage prepaid, or sent electronically (or otherwise transmitted in accordance with
the Applicable Procedures) at least ten (10) but not more than sixty (60) days prior to the Redemption Date, to each Holder of Notes
to be redeemed, at its address appearing in the Registrar, except that redemption notices may be sent more than sixty (60) days prior
to a Redemption Date if the notice is issued in connection with a legal defeasance or covenant defeasance of the Notes or a satisfaction
and discharge of the Indenture, in each case pursuant to Article VIII of the Base Indenture.

 

(b)            All
notices of redemption shall identify the Notes to be redeemed and shall state:

 

(1)            the
Redemption Date;

 

(2)            the
Redemption Price, if then determined and otherwise the basis for its determination;

 

(3)            that,
unless the Company and the Guarantor default in making the redemption payment, interest on the Notes called for redemption ceases to accrue
on and after the Redemption Date, and the only remaining right of the Holders of such Notes is to receive payment of the Redemption Price
upon surrender to the Paying Agent of the Notes redeemed;

 

    	 	13	 

     

    

 

(4)            if
any Note is to be redeemed in part, the portion of the principal amount thereof to be redeemed and that on and after the Redemption Date,
upon surrender for cancellation of such Note to the Paying Agent, a new Note or Notes in the aggregate principal amount equal to the unredeemed
portion thereof will be issued without charge to the Holder;

 

(5)            that
Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price and the name and address of the Paying
Agent; and

 

(6)            the
CUSIP/ISIN numbers of the Notes.

 

(c)            Notice
of redemption of such Notes to be redeemed at the election of the Company shall be given by the Company. At the Company’s request,
the Trustee shall give the notice of redemption in the name and at the expense of the Company; provided that the Company shall
have delivered to the Trustee, at least five (5) Business Days before notice of redemption is required to be given pursuant to Section 2.12(a) (unless
a shorter notice shall be satisfactory to the Trustee), an Officers’ Certificate requesting that the Trustee give such notice and
setting forth the information to be stated in such notice as provided in Section 2.12(b).

 

Section 2.13          Deposit
of Redemption Price. Prior to 11:00 a.m., New York City time, on any Redemption Date, the Company shall deposit with the Trustee or
with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 2.06
of the Base Indenture) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest
Payment Date) accrued interest on, all the Notes which are to be redeemed on that date.

 

Section 2.14          Notes
Payable on Redemption Date.

 

(a)            Notice
of redemption having been given as aforesaid, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the
Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price
and accrued interest) such Notes shall cease to bear interest. Upon surrender of any such Notes for redemption in accordance with said
notice, such Notes shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date; provided,
however, that installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders
of such Notes, or one or more predecessor notes, registered as such at the close of business on the relevant record dates according to
their terms and the provisions hereof and of Section 2.14 of the Base Indenture.

 

(b)            If
any Note called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until
paid, bear interest from the Redemption Date at the rate prescribed therefor in the Note.

 

Section 2.15          Notes
Redeemed in Part. Any Note which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the
Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the Holder thereof or its attorney duly authorized in writing), and the Company shall execute and the Trustee
shall authenticate and deliver to the Holder of such Note without service charge, a new Note or Notes of like tenor, of any authorized
denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal
of the Note so surrendered.

 

    	 	14	 

     

    

 

ARTICLE III

 

AMENDMENTS TO BASE INDENTURE

 

Section 3.01          Amendments
to Section 11.02 of the Base Indenture.

 

(a)            The
address of the Company set forth in Section 11.02 of the Base indenture is hereby replaced with: ConocoPhillips Company, 925 N. Eldridge
Parkway, Houston, TX, 77079, Telephone: 281-293-1000.

 

(b)            The
address of the Guarantor set forth in Section 11.02 of the Base indenture is hereby replaced with: ConocoPhillips, 925 N. Eldridge
Parkway, Houston, TX, 77079, Telephone: 281-293-1000.

 

ARTICLE IV

 

MISCELLANEOUS

 

Section 4.01 Adoption,
Ratification and Confirmation. The Base Indenture, as modified and supplemented by this Supplemental Indenture, is in all respects
hereby adopted, ratified and confirmed.

 

Section 4.02 Counterparts.
The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by telecopier, facsimile
or other electronic transmission (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic
Transactions Act, the Electronic Signatures and Records Act or other applicable law) will constitute effective execution and delivery
of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture and signature pages for
all purposes.

 

Section 4.03 Governing
Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS TO THE EXTENT THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED
THEREBY.

 

Section 4.04 Trustee
Not Responsible for Recitals. The recitals contained herein shall be taken as the statements of the Company and the Guarantor, and
the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of
this Supplemental Indenture.

 

[signature page follows]

 

    	 	15	 

     

    

 

IN WITNESS WHEREOF, the Company, the Guarantor and
the Trustee have executed this Supplemental Indenture as of the date first above written.

 

	 	CONOCOPHILLIPS
	 	 	 	      
	 	By:	/s/ Andrew M. O’Brien
	 	 	Name:	Andrew M. O’Brien
	 	 	Title:	Vice President and Treasurer
	 	 	 	   
	 	CONOCOPHILLIPS COMPANY
	 	 	 	   
	 	By:	/s/ Andrew M. O’Brien
	 	 	Name:	Andrew M. O’Brien
	 	 	Title:	Vice President and Treasurer
	 	 	 	    
	 	THE BANK OF NEW YORK MELLON

TRUST COMPANY, N.A., as Trustee
	 	 	 	   
	 	By:	/s/ Lawrence M. Kusch
	 	 	Name:	Lawrence M. Kusch
	 	 	Title:	Vice President

 

     

     

    

 

ANNEX 1

 

FORM OF 2062 NOTES

 

 

     

     

    

 

 

[FORM OF] FACE OF INITIAL NOTE

 

Unless and until it is exchanged
in whole or in part for Securities in definitive form, this Security may not be transferred except 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 or by the Depositary or any
such nominee to a successor Depositary or a nominee of such successor Depositary. The Depository Trust Company (55 Water Street, New York,
New York), a New York corporation (“DTC”), shall act as the Depositary until a successor shall be appointed by the Company
and the Registrar. Unless this certificate is presented by an authorized representative of DTC to the issuer or its agent for registration
of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as
is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

 

		(1)	REPRESENTS THAT

 

		(A)	IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR

 

		(B)	IT IS NOT A “U.S. PERSON” (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND

 

		(2)	AGREES FOR THE BENEFIT OF CONOCOPHILLIPS COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER
THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE
OF THE UNITED STATES AND ONLY

 

		(A)	TO CONOCOPHILLIPS COMPANY,

 

		(B)	PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT,

 

		(C)	TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,

 

     

     

    

 

		(D)	IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR

 

		(E)	PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

 

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE
WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM
THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(E) ABOVE, CONOCOPHILLIPS
COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE
REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT.

 

     

     

    

 

CONOCOPHILLIPS COMPANY

 

4.025% NOTE DUE 2062

 

FULLY AND UNCONDITIONALLY GUARANTEED BY

 

CONOCOPHILLIPS

 

CUSIP No. [20826F AY2]1[U19476
AB3]2[20826F AZ9]3

ISIN: [US20826FAY25]4[USU19476AB39]5[US20826FAZ99]6

 

		No. [U-001]7[S-001]8[A-001]9	Principal Amount $[●]

 

ConocoPhillips Company, a Delaware
corporation (the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value
received, promises to pay to Cede & Co. or registered assigns, the principal sum of [●] Dollars, or such greater or lesser
amount as indicated on the Schedule of Exchanges of Securities hereto, on March 15, 2062.

 

		Interest Payment Dates:	March 15 and September 15
	 	 	 

		Record Dates:	March 1 and September 1

 

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.

 

 

 

		1	For 144A Note.
		2	For Reg S Note.
		3	For IAI Note.
		4	For 144A Note.
		5	For Reg S Note.
		6	For IAI Note.
		7	For 144A Note.
		8	For Reg S Note.
		9	For IAI Note.

 

     

     

    

 

IN WITNESS WHEREOF, the Company
has caused this Security to be signed manually or by facsimile by its duly authorized officers.

 

Dated:

 

	 	CONOCOPHILLIPS COMPANY
	 	 
	 	 
	 	By:	 
	 	Name: 	Andrew M. O’Brien
	 	Title: 	Vice President and Treasurer
	 	 
	 	 
	 	By:	 
	 	Name: 	Benjamin L. Carlson
	 	Title: 	Assistant Treasurer

 

GUARANTEE

 

ConocoPhillips, a Delaware corporation,
unconditionally guarantees to the holder of this Security, upon the terms and subject to the conditions set forth in the Indenture referenced
on the reverse hereof, (a) the full and prompt payment of the principal of and any premium on this Security when and as the same
shall become due, whether at the Stated Maturity thereof, by acceleration, redemption or otherwise, and (b) the full and prompt payment
of interest on this Security when and as the same shall become due, subject to any applicable grace period.

 

	 	CONOCOPHILLIPS
	 	 
	 	 
	 	By:	 
	 	Name: 	Andrew M. O’Brien
	 	Title: 	Vice President and Treasurer

 

     

     

    

 

Certificate of Authentication:

 

This is one of the Securities of the

series designated therein referred
to

in the within- mentioned Indenture.

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N. A.,

 

as Trustee

 

		By:	 	 

 

Authorized Signatory

 

     

     

    

 

[REVERSE OF SECURITY]

 

CONOCOPHILLIPS COMPANY

 

4.025% NOTE DUE 2062

 

FULLY AND UNCONDITIONALLY GUARANTEED

 

BY CONOCOPHILLIPS

 

This Security is one of a duly authorized issue of
4.025% Notes due 2062 (the “Securities”) of ConocoPhillips Company, a Delaware corporation (the “Company”).

 

1.            Interest.
The Company promises to pay interest on the principal amount of this Security at 4.025% per annum from March 11, 2022 until maturity.
The Company will pay interest semiannually, in arrears, on March 15 and September 15 of each year (each an “Interest Payment
Date”), or if any such day is not a Business Day, on the next succeeding Business Day, and no interest will accrue as a result of
such delay. Interest on the Securities will accrue from the most recent Interest Payment Date on which interest has been paid or, if no
interest has been paid, from March 11, 2022, provided that the first Interest Payment Date shall be September 15, 2022.
The Company shall pay interest on overdue principal and premium (if any) from time to time at a rate equal to the interest rate then in
effect; it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time at
the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year consisting of twelve 30- day months.

 

2.            Method
of Payment. The Company will pay interest on the Securities (except defaulted interest) to the Persons who are registered Holders
of Securities at the close of business on the record date referred to on the face hereof (each, a “Record Date”) next preceding
the Interest Payment Date, even if such Securities are canceled after such Record Date and on or before such Interest Payment Date. The
Holder must surrender this Security to a Paying Agent to collect principal payments. The Company will pay the principal of, premium (if
any) on and interest on the Securities in Dollars. Such amounts shall be payable at the offices of the Trustee (as defined below), provided
that at the option of the Company, the Company may pay such amounts (a) by wire transfer with respect to Global Securities or
(b) by wire transfer or by check payable in such money mailed to a Holder’s registered address with respect to any Securities.

 

3.            Paying
Agent and Registrar. Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), the trustee under the
Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent, Registrar, co-registrar or additional paying
agent without notice to any Holder. The Company, the Guarantor or any Subsidiary of the Company may act in any such capacity.

 

     

     

    

 

4.            Guarantee.
ConocoPhillips, a Delaware corporation (the “Guarantor”), unconditionally guarantees to the Holders from time to time
of the Securities, upon the terms and subject to the conditions set forth in the Indenture (as defined below), (a) the full and prompt
payment of the principal of and any premium on the Securities when and as the same shall become due, whether at the Stated Maturity thereof,
by acceleration, redemption or otherwise, and (b) the full and prompt payment of any interest on the Securities when and as the same
shall become due, subject to any applicable grace period. The Guarantee constitutes a guarantee of payment and not of collection. In the
event of a default in the payment of principal of or any premium on the Securities when and as the same shall become due, whether at the
Stated Maturity thereof, by acceleration, call for redemption or otherwise, or in the event of a default in the payment of any interest
on the Securities when and as the same shall become due, each of the Trustee and the Holders of the Securities shall have the right to
proceed first and directly against the Guarantor under the Indenture without first proceeding against the Company or exhausting any other
remedies which the Trustee or such Holder may have and without resorting to any other security held by it.

 

5.            Indenture.
The Company issued the Securities under an Indenture, dated as of December 7, 2012 (the “Base Indenture”), as supplemented
by the First Supplemental Indenture, dated as of March 11, 2022 (the “Supplemental Indenture” and, together with the
Base Indenture, as amended and supplemented from time to time, the “Indenture”), among the Company, the Guarantor and the
Trustee. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (the “TIA”). The Securities are subject to all such terms, and Holders are referred to the
Indenture and the TIA for a statement of such terms and for the definitions of capitalized terms used but not defined herein. The Securities
are unsecured general obligations of the Company limited to $1,767,690,000 in aggregate principal amount; provided, however,
that the authorized aggregate principal amount of the Securities may be increased before or after the issuance of any Securities by a
Board Resolution (or action pursuant to a Board Resolution) to such effect; provided further, however, that any such additional
Securities (“Additional Securities”) issued of any series that are not fungible, for U.S. federal income tax purposes, with
the original Securities of such series issued under the Indenture will have a separate CUSIP, ISIN and other identifying number.
The Indenture provides for the issuance of other series of debt securities (including the Securities, the “Debt Securities”)
thereunder.

 

6.            Denominations,
Transfer, Exchange. The Securities are in registered form without coupons in minimum denominations of $2,000 and any integral multiples
of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture.
The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and
to pay any taxes and fees required by law or permitted by the Indenture. Neither the Company, the Trustee nor the Registrar shall be required
to register the transfer or exchange of (a) any Security selected for redemption in whole or in part, except the unredeemed portion
of any Security being redeemed in part, or (b) any Security during the period beginning 15 Business Days before the mailing of notice
of redemption of Securities to be redeemed and ending at the close of business on the day of mailing.

 

7.            Persons
Deemed Owners. The registered Holder of a Security shall be treated as its owner for all purposes.

 

     

     

    

 

8.            Redemption.
The Securities are redeemable, in whole or in part, at the option of the Company at any time and from time to time prior to the Stated
Maturity of the Securities, upon prior notice as provided in Section 2.12 of the Supplemental Indenture, at the Redemption Price
set forth in Section 2.10(a) or (b) of the Supplemental Indenture, as applicable, plus accrued and unpaid interest on the
Securities, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive
interest due on the relevant Interest Payment Date). In the event of redemption of this Security in part only, a new Security or Securities
of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

 

9.            Amendments
and Waivers. Subject to certain exceptions and limitations as set forth in the Indenture, the Indenture or the Securities may be amended
or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Debt Securities of
all series affected by such amendment or supplement (acting as one class), and any existing or past Default or Event of Default under,
or compliance with any provision of, the Indenture may be waived (other than any continuing Default or Event of Default in the payment
of the principal of, premium (if any) on or interest on the Securities) by the Holders of at least a majority in principal amount of the
then outstanding Debt Securities of any series or of all series (acting as one class) in accordance with the terms of the Indenture. Without
the consent of any Holder, the Company, the Guarantor and the Trustee may amend or supplement the Indenture or the Securities or waive
any provision of either: (i) to cure any ambiguity, omission, defect or inconsistency; (ii) if required, to provide for the
assumption of the obligations of the Company or the Guarantor under the Indenture in the case of the merger, consolidation or sale, lease,
conveyance, transfer or other disposition of all or substantially all of the assets of the Company or the Guarantor; (iii) to provide
for uncertificated Securities in addition to or in place of certificated Securities or to provide for the issuance of bearer Securities
(with or without coupons); (iv) to provide any security for, or to add any guarantees of or additional obligors on, the Securities
or the related Guarantees; (v) to comply with any requirement in order to effect or maintain the qualification of the Indenture under
the TIA; (vi) to add to the covenants of the Company or the Guarantor for the benefit of the Holders of the Securities, or to surrender
any right or power conferred by the Indenture upon the Company or the Guarantor; (vii) to add any additional Events of Default with
respect to all or any series of the Debt Securities; (viii) to change or eliminate any of the provisions of the Indenture, provided
that no outstanding Security is adversely affected in any material respect; (ix) to establish the form or terms of Securities
of any series as permitted by the Indenture; (x) to supplement any of the provisions of the Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of the Securities pursuant to the Indenture; or (xi) to evidence and
provide for the acceptance of appointment under the Indenture by a successor Trustee with respect to the Securities and to add to or change
any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the trusts thereunder
by more than one Trustee, pursuant to the requirements of the Indenture.

 

The right of any Holder to participate
in any consent required or sought pursuant to any provision of the Indenture (and the obligation of the Company or the Guarantor to obtain
any such consent otherwise required from such Holder) may be subject to the requirement that such Holder shall have been the Holder of
record of any Securities with respect to which such consent is required or sought as of a date identified by the Company or the Guarantor
in a notice furnished to Holders in accordance with the terms of the Indenture.

 

     

     

    

 

Without the consent of each
Holder affected, subject to certain exceptions and limitations as set forth in the Indenture, the Company may not (i) reduce the
amount of Debt Securities whose Holders must consent to an amendment, supplement or waiver; (ii) reduce the rate of or change the
time for payment of interest, including default interest, on any Security; (iii) reduce the principal of, any premium on or any mandatory
sinking fund payment with respect to, or change the Stated Maturity of, any Security; (iv) reduce the premium, if any, payable upon
the redemption of any Security or change the time at which any Security may or shall be redeemed; (v) change any obligation of the
Company or the Guarantor to pay Additional Amounts with respect to any Security; (vi) change the coin or currency in which any Security
or any premium or interest with respect thereto is payable; (vii) impair the right to institute suit for the enforcement of any payment
of principal of or premium (if any) or interest on any Security, except as provided in the Indenture; (viii) make any change in the
percentage of principal amount of Debt Securities necessary to waive compliance with certain provisions of the Indenture or make any change
in the provision for modification; or (ix) waive a continuing Default or Event of Default in the payment of principal of or premium
(if any) or interest on the Securities.

 

A supplemental indenture that
changes or eliminates any covenant or other provision of the Indenture which has expressly been included solely for the benefit of one
or more particular series of Debt Securities under the Indenture, or which modifies the rights of the Holders of Debt Securities of such
series with respect to such covenant or other provision, shall be deemed not to affect the rights under the Indenture of the Holders of
Debt Securities of any other series.

 

10.            Defaults
and Remedies. Events of Default are defined in the Indenture and generally include: (i) default for 30 days in payment of any
interest on the Securities; (ii) default in any payment of principal of or premium, if any, on the Securities when due and payable;
(iii) default by the Company or the Guarantor in compliance with any of its other covenants or agreements in, or provisions of, the
Securities or in the Indenture which shall not have been remedied within 90 days after written notice by the Trustee or by the holders
of at least 25% in principal amount of the Securities then outstanding (or, in the event that other Debt Securities issued under the Indenture
are also affected by the default, then 25% in principal amount of all outstanding Debt Securities so affected); or (iv) certain events
involving bankruptcy, insolvency or reorganization of the Company or the Guarantor. If an Event of Default occurs and is continuing, the
Trustee or the Holders of at least 25% in principal amount of the then outstanding Securities (or, in the case of an Event of Default
described in clause (iii) above, if outstanding Debt Securities of other series are affected by such Default, then at least 25% in
principal amount of the then outstanding Debt Securities so affected), may declare the principal of and interest on all the Securities
(or such Debt Securities) to be immediately due and payable, except that in the case of an Event of Default arising from certain events
of bankruptcy, insolvency or reorganization of the Company or the Guarantor, all outstanding Debt Securities under the Indenture become
due and payable immediately without further action or notice. The amount due and payable upon the acceleration of any Security is equal
to 100% of the principal amount thereof plus accrued interest to the date of payment. Holders may not enforce the Indenture or the Securities
except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Securities.
Subject to certain limitations as set forth in the Indenture, Holders of a majority in principal amount of the then outstanding Securities
(or affected Debt Securities) may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice
of any continuing default (except a default in payment of principal, premium or interest) if it determines that withholding notice is
in their interests. The Company and the Guarantor must furnish annual compliance certificates to the Trustee.

 

     

     

    

 

11.            Discharge
Prior to Maturity. The Indenture with respect to the Securities shall be discharged and canceled upon the payment of all of the Securities
and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of any combination of funds and U.S.
Government Obligations sufficient for such payment.

 

12.            Trustee
Dealings with Company and Guarantor. The Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities
and may make loans to, accept deposits from, and perform services for the Company, the Guarantor or any of their respective Affiliates,
and may otherwise deal with the Company, the Guarantor or any such Affiliates, as if it were not Trustee.

 

13.            No
Recourse Against Others. A director, officer, employee, stockholder, partner or other owner of the Company, the Guarantor or the Trustee,
as such, shall not have any liability for any obligations of the Company under the Securities, for any obligations of the Guarantor under
the Guarantee or for any obligations of the Company, the Guarantor or the Trustee under the Indenture or for any claim based on, in respect
of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The
waiver and release shall be part of the consideration for the issue of Securities.

 

14.            Authentication
and Counterparts. This Security shall not be valid until authenticated by the manual or electronic signature of the Trustee or an
authenticating agent. The parties may sign any number of copies of this Security. Each signed copy shall be an original, but all of them
together represent the same Security. The exchange of copies of this Security and of signature pages by telecopier, facsimile or
other electronic transmission (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions
Act, the Electronic Signatures and Records Act or other applicable law) will constitute effective execution and delivery of this Security
as to the parties hereto and may be used in lieu of the original Security and signature pages for all purposes.

 

15.            CUSIP
Numbers. The Company has caused CUSIP numbers to be printed on the Securities as a convenience to the Holders of the Securities. No
representation is made as to the accuracy of such numbers as printed on the Securities and reliance may be placed only on the other identification
numbers printed thereon.

 

     

     

    

 

SCHEDULE OF EXCHANGES OF SECURITIES

 

The following exchanges of a part of this Global Security for other
Securities have been made:

 

	Date of

 Exchange	 	Amount of 

Decrease in

 Principal 

Amount of this

 Global Security	 	Amount of 

Increase in 

Principal 

Amount of this

 Global Security	 	Principal 

Amount of this

 Global Security

 Following Such

 Decrease or

 Increase	 	Signature of 

Authorized 

Officer of 

Trustee or 

Security

 Custodian

 

     

     

    

 

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below: (I) or
(we) assign and transfer this Security to

 

 

(Insert assignee’s social security or tax
I.D.

 number)

 

 

 

 

 

 

 

(Print or type assignee’s name, address and
zip code)

 

and irrevocably appoint 

 

 

 

as agent to transfer this Security on the books of the Company. The
agent may substitute another to act for him.

 

	Date:	 	 	Your Signature:	 
	 	 	 	 	(Sign exactly as your name

 appears
on the face of

 this Security)

 

	Signature Guarantee:	 
	 	(Participant in a Recognized

 Signature
Guaranty

 Medallion Program)

 

    

     

    

 

FORM OF TRANSFER CERTIFICATE

 

In connection with any transfer of any of the
Securities evidenced by this certificate occurring prior to the date that is [40 days]10[one
year]11 after the later of the date of original issuance
of such Securities and the last date, if any, on which such Securities were owned by the Company or any Affiliate of the Company, the
undersigned confirms that such Securities are being transferred in accordance with its terms:

 

CHECK ONE BOX BELOW

 

		(1)	 ̈	to the Company; or

 

		(2)	 ̈	pursuant to an effective registration statement under the Securities Act; or

 

		(3)	 ̈	inside the United States to a person reasonably believed to be a “qualified institutional buyer”
(as defined in Rule 144A under the Securities Act) that purchases for its own account or for the account of a qualified institutional
buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance
with Rule 144A under the Securities Act; or

 

		(4)	 ̈	to a non-United States person outside the United States in an offshore transaction in compliance with Rule 903
or Rule 904 of Regulation S under the Securities Act; or

 

		(5)	 ̈	pursuant to any other available exemption from the registration requirement of the Securities Act.

 

Unless one of the boxes is checked, the Trustee
shall refuse to register any of the Securities evidenced by this certificate in the name of any person other than the registered holder
thereof; provided, however, that if box (4) or (5) is checked, the Trustee shall be entitled to require, prior
to registering any such transfer of the Securities, such legal opinions, certifications and other information as the Company has reasonably
requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act.

 

	 	 
	 	Signature

 

 

	10	For Reg S Note

	11	For 144A Note.

 

    

     

    

 

FORM OF EXCHANGE CERTIFICATE

 

ConocoPhillips

925 N. Eldridge Parkway Houston, TX 77079

 

The Bank of New York Mellon Trust Company, N.A.

Attn: Corporate Trust Admin – ConocoPhillips Company

601 Travis Street, 16th Floor, Houston, Texas 77002

 

Re: ConocoPhillips Company (the “Company”)

4.025% Notes due 2062 (the “Notes”)

 

Reference is hereby made to the Indenture, dated
as of December 7, 2012 (the “Base Indenture”) and the First Supplemental Indenture thereto, dated as of March 11,
2022 (the “Supplemental Indenture” and, together with the Base Indenture, as amended and supplemented from time to
time, the “Indenture”), among CONOCOPHILLIPS COMPANY, a Delaware corporation, as issuer, CONOCOPHILLIPS, as guarantor,
and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee. Capitalized terms used but not defined herein will have the meanings
given to them in the Indenture.

 

______(the
 “Owner”) owns and proposes to exchange the Notes or an interest in the Notes, in the principal amount of $           in
such Notes or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that in connection
with the Exchange of the Owner’s Regulation S Global Note for a beneficial interest in the Rule 144A Global Note, with an equal
principal amount, the Notes or interest in the Notes are being transferred to a Person (A) who the transferor reasonably believes
to be a Qualified Institutional Buyer, (B) purchasing for its own account or the account of a Qualified Institutional Buyer in a
transaction meeting the requirements of Rule 144A, and (C) in accordance with all applicable securities laws of the States of
the United States and other jurisdictions.

 

This certificate
and the statements contained herein are made for your benefit and the benefit of the Issuer and are dated         .

 

	 	[Insert Name of Transferor]

 

		By:	

		Name:	

		Title:	

 

	Dated:	 	 

 

    

     

    

 

FORM OF CERTIFICATE TO BE DELIVERED IN

CONNECTION WITH TRANSFERS PURSUANT TO

REGULATION S12

 

[Date]

 

Attention:

 

Re:    ConocoPhillips
Company (the “Company”)

4.025% Notes due
2062 (the “Notes”)

 

Ladies and Gentlemen:

 

In connection with
our proposed sale or other transfer of $          aggregate
principal amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that:

 

		(1)	the offer of the Notes was not made to a person in the United States;

 

(2)            either
(a) at the time the buy offer was originated, the transferee was outside the United States or we and any person acting on our behalf
reasonably believed that the transferee was outside the United States, or (b) the transaction was executed in, on or through the
facilities of a designated offshore securities market and neither we nor any person acting on our behalf knows that the transaction has
been prearranged with a buyer in the United States;

 

(3)            no
directed selling efforts have been made in the United States in contravention of the requirements of Rule 903 or Rule 904 of
Regulation S, as applicable;

 

(4)            the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

 

(5)            we
have advised the transferee of the transfer restrictions applicable to the Notes.

 

You and the Company are entitled to rely upon
this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal
proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth
in Regulation S.

 

	 	Very truly yours,
	 	 
	 	[Name of Transferor]

 

		By:	
	 	 	Authorized Signatory

 

 

	12	To be included only with Reg S Note.

 

    

     

    

 

ANNEX 2

 

FORM OF 2042 NOTES

 

    

     

    

 

[FORM OF] FACE OF INITIAL NOTE

 

Unless and until it is exchanged
in whole or in part for Securities in definitive form, this Security may not be transferred except 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 or by the Depositary or any
such nominee to a successor Depositary or a nominee of such successor Depositary. The Depository Trust Company (55 Water Street, New York,
New York), a New York corporation (“DTC”), shall act as the Depositary until a successor shall be appointed by the Company
and the Registrar. Unless this certificate is presented by an authorized representative of DTC to the issuer or its agent for registration
of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as
is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested
by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

THIS NOTE HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE
TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER:

 

		(1)	REPRESENTS THAT

 

		(A)	IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, OR

 

		(B)	IT IS NOT A “U.S. PERSON” (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND

 

		(2)	AGREES FOR THE BENEFIT OF CONOCOPHILLIPS COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER
THIS NOTE OR ANY BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE
OF THE UNITED STATES AND ONLY

 

		(A)	TO CONOCOPHILLIPS COMPANY,

 

		(B)	PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT,

 

		(C)	TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT,

 

    2

     

    

 

		(D)	IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR

 

		(E)	PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT OR ANY OTHER
AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.

 

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE
WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM
THE TRUSTEE) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(E) ABOVE, CONOCOPHILLIPS
COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE
REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES
LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT.

 

    3

     

    

 

CONOCOPHILLIPS COMPANY

 

3.758% NOTE DUE 2042

 

FULLY AND UNCONDITIONALLY GUARANTEED BY

 

CONOCOPHILLIPS

 

CUSIP No. [20826F AW6]13[
U19476 AA5]14[20826F AX4]15

ISIN: [US20826FAW68]16[
USU19476AA55]17[US20826FAX42]18

 

	No. [U-001]19[S-001]20[A-001]21 	Principal Amount $[●]

 

ConocoPhillips Company, a Delaware
corporation (the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value
received, promises to pay to Cede & Co. or registered assigns, the principal sum of [●] Dollars, or such greater or lesser
amount as indicated on the Schedule of Exchanges of Securities hereto, on March 15, 2042.

 

		Interest Payment Dates:	March 15 and September 15
	 	 	 
	 	Record Dates:	March 1
and September 1

 

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.

 

 

	13	For 144A Note.

	14	For Reg S Note.

	15	For IAI Note.

	16	For 144A Note.

	17	For Reg S Note.

	18	For IAI Note.

	19	For 144A Note.

	20	For Reg S Note.

	21	For IAI Note.

 

    4

     

    

 

IN WITNESS WHEREOF, the Company
has caused this Security to be signed manually or by facsimile by its duly authorized officers.

 

Dated:

 

	 	CONOCOPHILLIPS COMPANY

 

		By:	 

		Name:

		Title:

 

		By:	 

		Name:

		Title:

 

GUARANTEE

 

ConocoPhillips, a Delaware corporation,
unconditionally guarantees to the holder of this Security, upon the terms and subject to the conditions set forth in the Indenture referenced
on the reverse hereof, (a) the full and prompt payment of the principal of and any premium on this Security when and as the same
shall become due, whether at the Stated Maturity thereof, by acceleration, redemption or otherwise, and (b) the full and prompt payment
of interest on this Security when and as the same shall become due, subject to any applicable grace period.

 

	 	CONOCOPHILLIPS

 

		By:	 

		Name:

		Title:

 

    

     

    

 

Certificate of Authentication:

 

This is one of the Securities of the

 series designated therein referred
to

 in the within- mentioned Indenture.

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N. A.,

as Trustee

 

	By:		 

Authorized Signatory

 

    

     

    

 

 

[REVERSE OF SECURITY]

 

CONOCOPHILLIPS COMPANY

 

3.758% NOTE DUE 2042

 

FULLY AND UNCONDITIONALLY GUARANTEED BY

 

CONOCOPHILLIPS

 

This Security is one of a duly
authorized issue of 3.758% Notes due 2042 (the “Securities”) of ConocoPhillips Company, a Delaware corporation (the “Company”).

 

1.            Interest.
The Company promises to pay interest on the principal amount of this Security at 3.758% per annum from March 11, 2022 until maturity.
The Company will pay interest semiannually, in arrears, on March 15 and September 15 of each year (each an “Interest Payment
Date”), or if any such day is not a Business Day, on the next succeeding Business Day, and no interest will accrue as a result of
such delay. Interest on the Securities will accrue from the most recent Interest Payment Date on which interest has been paid or, if no
interest has been paid, from March 11, 2022; provided that the first Interest Payment Date shall be September 15, 2022.
The Company shall pay interest on overdue principal and premium (if any) from time to time at a rate equal to the interest rate then in
effect; it shall pay interest on overdue installments of interest (without regard to any applicable grace periods) from time to time at
the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months.

 

2.            Method
of Payment. The Company will pay interest on the Securities (except defaulted interest) to the Persons who are registered Holders
of Securities at the close of business on the record date referred to on the face hereof (each, a “Record Date”) next preceding
the Interest Payment Date, even if such Securities are canceled after such Record Date and on or before such Interest Payment Date. The
Holder must surrender this Security to a Paying Agent to collect principal payments. The Company will pay the principal of, premium (if
any) on and interest on the Securities in Dollars. Such amounts shall be payable at the offices of the Trustee (as defined below), provided
that at the option of the Company, the Company may pay such amounts (a) by wire transfer with respect to Global Securities or
(b) by wire transfer or by check payable in such money mailed to a Holder’s registered address with respect to any Securities.

 

3.            Paying
Agent and Registrar. Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”), the trustee under the
Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent, Registrar, co-registrar or additional paying
agent without notice to any Holder. The Company, the Guarantor or any Subsidiary of the Company may act in any such capacity.

 

    7 

     

    

 

4.            Guarantee.
ConocoPhillips, a Delaware corporation (the “Guarantor”), unconditionally guarantees to the Holders from time to time
of the Securities, upon the terms and subject to the conditions set forth in the Indenture (as defined below), (a) the full and prompt
payment of the principal of and any premium on the Securities when and as the same shall become due, whether at the Stated Maturity thereof,
by acceleration, redemption or otherwise, and (b) the full and prompt payment of any interest on the Securities when and as the same
shall become due, subject to any applicable grace period. The Guarantee constitutes a guarantee of payment and not of collection. In the
event of a default in the payment of principal of or any premium on the Securities when and as the same shall become due, whether at the
Stated Maturity thereof, by acceleration, call for redemption or otherwise, or in the event of a default in the payment of any interest
on the Securities when and as the same shall become due, each of the Trustee and the Holders of the Securities shall have the right to
proceed first and directly against the Guarantor under the Indenture without first proceeding against the Company or exhausting any other
remedies which the Trustee or such Holder may have and without resorting to any other security held by it.

 

5.            Indenture.
The Company issued the Securities under an Indenture, dated as of December 7, 2012 (the “Base Indenture”), as supplemented
by the First Supplemental Indenture, dated as of March 11, 2022 (the “Supplemental Indenture” and, together with the
Base Indenture, as amended and supplemented from time to time, the “Indenture”), among the Company, the Guarantor and the
Trustee. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as amended (the “TIA”). The Securities are subject to all such terms, and Holders are referred to the
Indenture and the TIA for a statement of such terms and for the definitions of capitalized terms used but not defined herein. The Securities
are unsecured general obligations of the Company limited to $783,545,000 in aggregate principal amount; provided, however,
that the authorized aggregate principal amount of the Securities may be increased before or after the issuance of any Securities by a
Board Resolution (or action pursuant to a Board Resolution) to such effect; provided further, however, that any such additional
Securities (“Additional Securities”) issued of any series that are not fungible, for U.S. federal income tax purposes, with
the original Securities of such series issued under the Indenture will have a separate CUSIP, ISIN and other identifying number.
The Indenture provides for the issuance of other series of debt securities (including the Securities, the “Debt Securities”)
thereunder.

 

6.            Denominations,
Transfer, Exchange. The Securities are in registered form without coupons in minimum denominations of $2,000 and any integral multiples
of $1,000 in excess thereof. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture.
The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and
to pay any taxes and fees required by law or permitted by the Indenture. Neither the Company, the Trustee nor the Registrar shall be required
to register the transfer or exchange of (a) any Security selected for redemption in whole or in part, except the unredeemed portion
of any Security being redeemed in part, or (b) any Security during the period beginning 15 Business Days before the mailing of notice
of redemption of Securities to be redeemed and ending at the close of business on the day of mailing.

 

7.            Persons
Deemed Owners. The registered Holder of a Security shall be treated as its owner for all purposes.

 

    8 

     

    

 

8.            Redemption.
The Securities are redeemable, in whole or in part, at the option of the Company at any time and from time to time prior to the Stated
Maturity of the Securities, upon prior notice as provided in Section 2.12 of the Supplemental Indenture, at the Redemption Price
set forth in Section 2.10(a) or (b) of the Supplemental Indenture, as applicable, plus accrued and unpaid interest on the
Securities, if any, to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive
interest due on the relevant Interest Payment Date). In the event of redemption of this Security in part only, a new Security or Securities
of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

 

9.            Amendments
and Waivers. Subject to certain exceptions and limitations as set forth in the Indenture, the Indenture or the Securities may be amended
or supplemented with the consent of the Holders of at least a majority in principal amount of the then outstanding Debt Securities of
all series affected by such amendment or supplement (acting as one class), and any existing or past Default or Event of Default under,
or compliance with any provision of, the Indenture may be waived (other than any continuing Default or Event of Default in the payment
of the principal of, premium (if any) on or interest on the Securities) by the Holders of at least a majority in principal amount of the
then outstanding Debt Securities of any series or of all series (acting as one class) in accordance with the terms of the Indenture. Without
the consent of any Holder, the Company, the Guarantor and the Trustee may amend or supplement the Indenture or the Securities or waive
any provision of either: (i) to cure any ambiguity, omission, defect or inconsistency; (ii) if required, to provide for the
assumption of the obligations of the Company or the Guarantor under the Indenture in the case of the merger, consolidation or sale, lease,
conveyance, transfer or other disposition of all or substantially all of the assets of the Company or the Guarantor; (iii) to provide
for uncertificated Securities in addition to or in place of certificated Securities or to provide for the issuance of bearer Securities
(with or without coupons); (iv) to provide any security for, or to add any guarantees of or additional obligors on, the Securities
or the related Guarantees; (v) to comply with any requirement in order to effect or maintain the qualification of the Indenture under
the TIA; (vi) to add to the covenants of the Company or the Guarantor for the benefit of the Holders of the Securities, or to surrender
any right or power conferred by the Indenture upon the Company or the Guarantor; (vii) to add any additional Events of Default with
respect to all or any series of the Debt Securities; (viii) to change or eliminate any of the provisions of the Indenture, provided
that no outstanding Security is adversely affected in any material respect; (ix) to establish the form or terms of Securities
of any series as permitted by the Indenture; (x) to supplement any of the provisions of the Indenture to such extent as shall be
necessary to permit or facilitate the defeasance and discharge of the Securities pursuant to the Indenture; or (xi) to evidence and
provide for the acceptance of appointment under the Indenture by a successor Trustee with respect to the Securities and to add to or change
any of the provisions of the Indenture as shall be necessary to provide for or facilitate the administration of the trusts thereunder
by more than one Trustee, pursuant to the requirements of the Indenture.

 

The right of any Holder to participate
in any consent required or sought pursuant to any provision of the Indenture (and the obligation of the Company or the Guarantor to obtain
any such consent otherwise required from such Holder) may be subject to the requirement that such Holder shall have been the Holder of
record of any Securities with respect to which such consent is required or sought as of a date identified by the Company or the Guarantor
in a notice furnished to Holders in accordance with the terms of the Indenture.

 

    9 

     

    

 

Without the consent of each
Holder affected, subject to certain exceptions and limitations as set forth in the Indenture, the Company may not (i) reduce the
amount of Debt Securities whose Holders must consent to an amendment, supplement or waiver; (ii) reduce the rate of or change the
time for payment of interest, including default interest, on any Security; (iii) reduce the principal of, any premium on or any mandatory
sinking fund payment with respect to, or change the Stated Maturity of, any Security; (iv) reduce the premium, if any, payable upon
the redemption of any Security or change the time at which any Security may or shall be redeemed; (v) change any obligation of the
Company or the Guarantor to pay Additional Amounts with respect to any Security; (vi) change the coin or currency in which any Security
or any premium or interest with respect thereto is payable; (vii) impair the right to institute suit for the enforcement of any payment
of principal of or premium (if any) or interest on any Security, except as provided in the Indenture; (viii) make any change in the
percentage of principal amount of Debt Securities necessary to waive compliance with certain provisions of the Indenture or make any change
in the provision for modification; or (ix) waive a continuing Default or Event of Default in the payment of principal of or premium
(if any) or interest on the Securities.

 

A supplemental indenture that
changes or eliminates any covenant or other provision of the Indenture which has expressly been included solely for the benefit of one
or more particular series of Debt Securities under the Indenture, or which modifies the rights of the Holders of Debt Securities of such
series with respect to such covenant or other provision, shall be deemed not to affect the rights under the Indenture of the Holders of
Debt Securities of any other series.

 

10.            Defaults
and Remedies. Events of Default are defined in the Indenture and generally include: (i) default for 30 days in payment of any
interest on the Securities; (ii) default in any payment of principal of or premium, if any, on the Securities when due and payable;
(iii) default by the Company or the Guarantor in compliance with any of its other covenants or agreements in, or provisions of, the
Securities or in the Indenture which shall not have been remedied within 90 days after written notice by the Trustee or by the holders
of at least 25% in principal amount of the Securities then outstanding (or, in the event that other Debt Securities issued under the Indenture
are also affected by the default, then 25% in principal amount of all outstanding Debt Securities so affected); or (iv) certain events
involving bankruptcy, insolvency or reorganization of the Company or the Guarantor. If an Event of Default occurs and is continuing, the
Trustee or the Holders of at least 25% in principal amount of the then outstanding Securities (or, in the case of an Event of Default
described in clause (iii) above, if outstanding Debt Securities of other series are affected by such Default, then at least 25% in
principal amount of the then outstanding Debt Securities so affected), may declare the principal of and interest on all the Securities
(or such Debt Securities) to be immediately due and payable, except that in the case of an Event of Default arising from certain events
of bankruptcy, insolvency or reorganization of the Company or the Guarantor, all outstanding Debt Securities under the Indenture become
due and payable immediately without further action or notice. The amount due and payable upon the acceleration of any Security is equal
to 100% of the principal amount thereof plus accrued interest to the date of payment. Holders may not enforce the Indenture or the Securities
except as provided in the Indenture. The Trustee may require indemnity satisfactory to it before it enforces the Indenture or the Securities.
Subject to certain limitations as set forth in the Indenture, Holders of a majority in principal amount of the then outstanding Securities
(or affected Debt Securities) may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice
of any continuing default (except a default in payment of principal, premium or interest) if it determines that withholding notice is
in their interests. The Company and the Guarantor must furnish annual compliance certificates to the Trustee.

 

    10 

     

    

 

11.            Discharge
Prior to Maturity. The Indenture with respect to the Securities shall be discharged and canceled upon the payment of all of the Securities
and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of any combination of funds and U.S.
Government Obligations sufficient for such payment.

 

12.            Trustee
Dealings with Company and Guarantor. The Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities
and may make loans to, accept deposits from, and perform services for the Company, the Guarantor or any of their respective Affiliates,
and may otherwise deal with the Company, the Guarantor or any such Affiliates, as if it were not Trustee.

 

13.            No
Recourse Against Others. A director, officer, employee, stockholder, partner or other owner of the Company, the Guarantor or the Trustee,
as such, shall not have any liability for any obligations of the Company under the Securities, for any obligations of the Guarantor under
the Guarantee or for any obligations of the Company, the Guarantor or the Trustee under the Indenture or for any claim based on, in respect
of or by reason of such obligations or their creation. Each Holder by accepting a Security waives and releases all such liability. The
waiver and release shall be part of the consideration for the issue of Securities.

 

14.            Authentication
and Counterparts. This Security shall not be valid until authenticated by the manual or electronic signature of the Trustee or an
authenticating agent. The parties may sign any number of copies of this Security. Each signed copy shall be an original, but all of them
together represent the same Security. The exchange of copies of this Security and of signature pages by telecopier, facsimile or
other electronic transmission (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions
Act, the Electronic Signatures and Records Act or other applicable law) will constitute effective execution and delivery of this Security
as to the parties hereto and may be used in lieu of the original Security and signature pages for all purposes.

 

15.            CUSIP
Numbers. The Company has caused CUSIP numbers to be printed on the Securities as a convenience to the Holders of the Securities. No
representation is made as to the accuracy of such numbers as printed on the Securities and reliance may be placed only on the other identification
numbers printed thereon.

 

    11 

     

    

 

SCHEDULE OF EXCHANGES OF SECURITIES

 

The following exchanges of a part of this Global Security for other
Securities have been made:

 

	Date of
 Exchange	 	Amount of
 Decrease in
 Principal 
 Amount of this
 Global Security	 	Amount of 
 Increase in
 Principal
 Amount of this
 Global Security	 	Principal 
 Amount of this
 Global Security 
 Following Such
 Decrease or
 Increase	 	Signature of 
 Authorized 
 Officer of 
 Trustee or 
 Security 
 Custodian

 

     

     

    

 

ASSIGNMENT FORM

 

To assign this Security, fill in the form below: (I) or
(we) assign and transfer this Security to

 

 

(Insert assignee’s social security or tax
I.D. 

number)

 

 

 

 

 

 

 

(Print or type assignee’s name, address and
zip code)

 

and irrevocably appoint

 

 

 

as agent to
transfer this Security on the books of the Company. The agent may substitute another to act for him.

 

		Date:	 		Your Signature:	 
	 	 	 	 	 	(Sign exactly as your name

 appears
on the face of

 this Security) 

 

	Signature Guarantee:	 
		(Participant in a Recognized
 Signature Guaranty 
 Medallion
Program)

 

     

     

    

 

FORM OF TRANSFER CERTIFICATE

 

In connection with any transfer of any of the
Securities evidenced by this certificate occurring prior to the date that is [40 days]22[one
year]23 after the later of the date of original issuance
of such Securities and the last date, if any, on which such Securities were owned by the Company or any Affiliate of the Company, the
undersigned confirms that such Securities are being transferred in accordance with its terms:

 

CHECK ONE BOX BELOW

 

		(1)	 ̈	to the Company; or

 

		(2)	 ̈	pursuant to an effective registration statement under the Securities Act; or

 

		(3)	 ̈	inside the United States to a person reasonably believed to be a “qualified institutional buyer”
(as defined in Rule 144A under the Securities Act) that purchases for its own account or for the account of a qualified institutional
buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance
with Rule 144A under the Securities Act; or

 

		(4)	 ̈	to a non-United States person outside the United States in an offshore transaction in compliance with Rule 903
or Rule 904 of Regulation S under the Securities Act; or

 

		(5)	 ̈	pursuant to any other available exemption from the registration requirement of the Securities Act.

 

Unless one of the boxes is checked, the Trustee
shall refuse to register any of the Securities evidenced by this certificate in the name of any person other than the registered holder
thereof; provided, however, that if box (4) or (5) is checked, the Trustee shall be entitled to require, prior
to registering any such transfer of the Securities, such legal opinions, certifications and other information as the Company has reasonably
requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act.

 

	 	 
		Signature

 

 

 

22 For Reg S Note.

23 For 144A Note.

 

     

     

    

 

FORM OF EXCHANGE CERTIFICATE

 

ConocoPhillips

925 N. Eldridge Parkway Houston, TX 77079

 

The Bank of New York Mellon Trust Company, N.A.

Attn: Corporate Trust Admin – ConocoPhillips Company

601 Travis Street, 16th Floor, Houston, Texas 77002

 

Re: ConocoPhillips Company (the “Company”)

3.758% Notes due 2042 (the “Notes”)

 

Reference is hereby made to the Indenture, dated
as of December 7, 2012 (the “Base Indenture”) and the First Supplemental Indenture thereto, dated as of March 11,
2022 (the “Supplemental Indenture” and, together with the Base Indenture, as amended and supplemented from time to
time, the “Indenture”), among CONOCOPHILLIPS COMPANY, a Delaware corporation, as issuer, CONOCOPHILLIPS, as guarantor,
and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee. Capitalized terms used but not defined herein will have the meanings
given to them in the Indenture.

 

______(the “Owner”)
owns and proposes to exchange the Notes or an interest in the Notes, in the principal amount of $          in
such Notes or interests (the “Exchange”). In connection with the Exchange, the Owner hereby certifies that in connection
with the Exchange of the Owner’s Regulation S Global Note for a beneficial interest in the Rule 144A Global Note, with an
equal principal amount, the Notes or interest in the Notes are being transferred to a Person (A) who the transferor reasonably believes
to be a Qualified Institutional Buyer, (B) purchasing for its own account or the account of a Qualified Institutional Buyer in a
transaction meeting the requirements of Rule 144A, and (C) in accordance with all applicable securities laws of the States
of the United States and other jurisdictions.

 

This certificate
and the statements contained herein are made for your benefit and the benefit of the Issuer and are dated        .

 

	 	[Insert Name of Transferor]
	 	 
	 	 
		By:	
		Name:	
		Title:	

 

 

		Dated:	 	 

 

     

     

    

 

FORM OF CERTIFICATE TO BE DELIVERED IN

CONNECTION WITH TRANSFERS PURSUANT TO

REGULATION S24

 

[Date]

 

Attention:

 

		Re:	ConocoPhillips Company (the “Company”)

3.758% Notes due 2042 (the “Notes”)	 

 

Ladies and Gentlemen:

 

In connection with
our proposed sale or other transfer of $          aggregate
principal amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that:

 

		(1)	the offer of the Notes was not made to a person in the United States;

 

(2)            either
(a) at the time the buy offer was originated, the transferee was outside the United States or we and any person acting on our behalf
reasonably believed that the transferee was outside the United States, or (b) the transaction was executed in, on or through the
facilities of a designated offshore securities market and neither we nor any person acting on our behalf knows that the transaction has
been prearranged with a buyer in the United States;

 

(3)            no
directed selling efforts have been made in the United States in contravention of the requirements of Rule 903 or Rule 904 of
Regulation S, as applicable;

 

(4)            the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and

 

(5)            we
have advised the transferee of the transfer restrictions applicable to the Notes.

 

You and the Company are entitled to rely upon
this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal
proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth
in Regulation S.

 

	 	Very truly yours,
	 	 
	 	[Name of Transferor]
	 	 
	 	 
	 	By:	 
	 	 	Authorized Signatory

 

 

 

		24	To be included only with Reg S Note.

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