Document:

Exhibit 4.21

  

  
     

    

    UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO 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.

     

    OCCIDENTAL PETROLEUM CORPORATION

     

    7.730% DEBENTURES DUE 2096

     

    
      
        
          
            
              	
                      NO.

                      

                    	PRINCIPAL AMOUNT:
	
                       

                    	
                      
                        U.S.$[  ]

                      

                    

            

          

        

      

    

     

    

    CUSIP: 674599 DW2

    ISIN: US674599DW24

    

    

    	
            ORIGINAL ISSUE DATE:

          	
            September [18], 2019

          
	
            MATURITY DATE:

          	
            September 15, 2096

          
	
            INTEREST RATE:

          	
            7.730% per annum

          
	
            INTEREST PAYMENT DATES:

          	
            March 15 and September 15, commencing March 15, 2020

          
	
            REGULAR RECORD DATES:

          	
            March 1 and September 1

          
	
            REDEMPTION DATE/PRICE:

          	
            See Further Provisions Set Forth Herein

          

    

    

    
      
        

    

    
    OCCIDENTAL PETROLEUM CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (herein referred to as the “Company,” which term includes any
      successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the lesser of (i) the Principal Amount specified above and (ii) the Principal Amount set forth on the
      Schedule of Exchanges of Interests in the Global Note attached hereto on the Maturity Date specified above and to pay interest thereon from September 15, 2019 or from the most recent Interest Payment Date to which interest has been paid or duly
      provided for, semi-annually in arrears on March 15 and September 15 in each year, commencing on March 15, 2020, at the rate per annum specified above, until the principal hereof is paid or made available for payment. Interest on this Debenture will
      be computed on the basis of a 360-day year comprised of twelve 30-day months. Interest payments for this Debenture will include interest accrued to but excluding each Interest Payment Date. The interest so payable, and punctually paid or duly
      provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Debenture (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date, which shall
      be the March 1 or September 1 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. If any Interest Payment Date or Maturity with respect to this Debenture falls on a day that is not a Business Day,
      the payment due on such Interest Payment Date or Maturity will be made on the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date or Maturity, and no interest shall accrue on the amount so payable for
      the period from and after such Interest Payment Date or Maturity, as the case may be, until such following Business Day. Except as otherwise provided in the Indenture, any Defaulted Interest will forthwith cease to be payable to the Holder on the
      Regular Record Date with respect to such Interest Payment Date by virtue of having been such Holder and may either (1) be paid to the Person in whose name this Debenture (or one or more Predecessor Securities) is registered at the close of business
      on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee (as defined below), notice of which will be given to Holders of Debentures not less than 10 days prior to such Special Record Date, or (2) be paid at any
      time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Debentures may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of
      the principal of and interest on this Debenture will be made at the Corporate Trust Office of the Trustee in the Borough of Manhattan, The City of New York, or at the office or agency of the Trustee maintained for that purpose in the Borough of
      Manhattan, The City of New York, or at any other office or agency designated by the Company for such purpose, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts;
      provided that, at the option of the Company, payment of interest due on any Interest Payment Date may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the
      Security Register or by wire transfer of immediately available funds if appropriate wire transfer instructions have been received in writing by the Trustee not less than 15 days prior to the applicable Interest Payment Date.

     

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

     

    Unless the certificate of authentication hereon has been executed by the Trustee or its duly appointed co-authenticating agent by manual signature, this Debenture shall not be entitled to any benefit under the Indenture or be valid or obligatory
      for any purpose.

     

    [signature page follows]

     

    
      2

      
        

    

    IN WITNESS WHEREOF, OCCIDENTAL PETROLEUM CORPORATION has caused this Debenture to be signed by the signature of its Chairman of the Board, its President, a Vice President, its Treasurer or an Assistant Treasurer.

    

    

    Dated:

    
      

      

      
        
          
            
              
                	
                         

                      	OCCIDENTAL PETROLEUM CORPORATION

                      
	
                         

                      	
                         

                      
	
                         

                      	By: 

                      	 
	 	
                        Name:

                        

                      
	
                         

                      	Title:

              

            

          

        

      

      

    

    
      3

      
        

    

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        Dated:

      

       

      

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

          

          

        

        	
                By:

              	 	 
	 	Authorized Signatory

      

    

     

    

    
      4

      
        

    

    This Debenture is one of a duly authorized issue of securities (herein called the “Securities”) of the Company, issued and to be issued pursuant to the Indenture (as defined
      below). This Debenture is one of a series designated by the Company as its 7.730% Debentures due 2096 (the “Debentures”), limited in initial aggregate principal amount to $[  ]. The Indenture does not limit
      the aggregate principal amount of the Securities.

     

    The Company issued this Debenture pursuant to an Indenture, dated as of August 8, 2019 (herein called the “Indenture” which term, for the purpose of this Debenture, shall include
      the Officer’s Certificate dated September [18], 2019, delivered pursuant to Sections 201 and 301 of the Indenture), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and
      immunities thereunder of the Company, the Trustee and Holders of the Debentures and of the terms upon which the Debentures are, and are to be, authenticated and delivered.

     

    The Debentures are issuable in denominations of $1,000 and any amount in excess thereof which is an integral multiple of $1,000. As provided in the Indenture and subject to certain limitations therein set forth, the
      Debentures are exchangeable for a like aggregate principal amount of Debentures of like tenor of any authorized denomination, as requested by the Holder surrendering the same, upon surrender of the Debenture or Debentures to be exchanged at any
      office or agency described below where Debentures may be presented for registration of transfer.

     

    The Company may, from time to time, without notice to or the consent of the Holders of the Debentures, reopen the Debentures and issue additional Debentures.

     

    The Debentures are not redeemable at the option of the company prior to the Maturity Date.

     

    If an Event of Default with respect to the Debentures shall occur and be continuing, the principal of and accrued interest on the Debentures may be declared due and payable in the manner and with the effect provided in
      the Indenture.

     

    Redemption Right.

     

    On September 15, 2026, or if such date is not a Business Day, then the next succeeding Business Day (the “2026 Redemption Date”), each Holder of the Debentures shall have the right
      (the “Redemption Right”) to require the Company to redeem, in whole or in part, such Holder’s Debenture at a redemption price equal to 100% of the aggregate principal amount thereof plus accrued and unpaid
      interest thereon to, but not including, the 2026 Redemption Date.

     

    
      5

      
        

    

    On or prior to July 1, 2026, the Company shall mail a notice to each Holder stating that (a) in order for a Holder to exercise the Redemption Right, the Holder must surrender the Debentures in respect of which the
      Redemption Right is being exercised, or transfer such Debentures by book-entry form, to the Trustee during the period from July 15, 2026 and prior to 5:00 p.m. (New York City time) on August 14, 2026 (or if such date is not a Business Day, then the
      next succeeding Business Day), (b) any election on the part of a Holder to exercise the Redemption Right effected in accordance with the foregoing shall be irrevocable on the part of the Holder and may not be withdrawn, (c) Holders whose Debentures
      are being redeemed only in part will be issued new Debentures equal in principal amount to the unredeemed portion of the Debentures surrendered, which unredeemed portion must be equal to $1,000 in principal amount or an integral multiple of $1,000
      thereof and (d) unless the Company defaults in the payment of principal and accrued interest on the Debentures to be redeemed on the 2026 Redemption Date, interest on such Debentures will cease to accrue on the Redemption Date.

     

    The Indenture permits, in certain circumstances therein specified, the amendment thereof without the consent of the Holders of the Securities. The Indenture also permits, with certain exceptions as therein provided, the
      amendment thereof and the modification of the rights and obligations under the Indenture of the Company and the rights of Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the
      consent  of (i) the Holders of not less than a majority in principal amount of the Outstanding Securities of all series voting as a single class or (ii) if fewer than all of the series of the Outstanding Securities are affected by such addition,
      change, elimination, or modification, the Holders of not less than a majority in principal amount of the Outstanding Securities of all series so affected voting as a single class (including, for the avoidance of doubt, consents obtained in connection
      with a purchase of, or tender offer or exchange for, such debt securities). The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series, on behalf
      of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
      this Debenture shall be conclusive and binding upon such Holder and upon all future Holders of this Debenture and of any Debenture issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of
      such consent or waiver is made upon this Debenture.

     

    No reference herein to the Indenture and no provision of this Debenture, subject to the provisions for satisfaction and discharge in Article Four of the Indenture, shall alter or impair the obligation of the Company,
      which is absolute and unconditional, to pay the principal of and interest on this Debenture at the times, place and rate, and in the coin or currency, herein prescribed.

     

    The Company shall be permitted, by irrevocably depositing cash or U.S. Government Obligations, in amounts and maturities sufficient to pay and discharge at the Stated Maturity the entire indebtedness on all Outstanding
      Debentures that have become due and payable or will become due and payable within one year, with the Trustee in trust, solely for the benefit of the Holders of all Outstanding Debentures, to defease the Indenture with respect to such Debentures
      (subject to specified exceptions), and upon such deposit and satisfaction of the other conditions set forth in the Indenture, the Company shall be deemed to have paid and discharged its entire indebtedness on the Debentures.

     

    
      6

      
        

    

    The Company shall also be permitted to discharge, at any time, its obligations in respect of the Debentures (other than certain limited obligations, such as the obligation to transfer and exchange the Debentures) by
      (1)(a) delivering all of the outstanding Debentures to the Trustee to be cancelled or (b) depositing with the Trustee in trust funds or non-callable United States government or government-guaranteed obligations sufficient, without investment, to pay
      all remaining principal and interest on the Debentures and (2) complying with certain other provisions of the Indenture.

     

    As provided in the Indenture and subject to certain limitations therein set forth, the transfer of Debentures is registrable in the Security Register, upon surrender of a Debenture for registration of transfer at the
      Corporate Trust Office of the Trustee or at the office or agency of the Trustee maintained for such purpose in the Borough of Manhattan, The City of New York, or at such other offices or agencies as the Company may designate, duly endorsed by, or
      accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder thereof or his attorney duly authorized in writing, and thereupon one or more new Debentures of like tenor, of
      authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

     

    No service charge shall be made by the Company, the Trustee or the Security Registrar for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other
      governmental charge payable in connection therewith (other than exchanges pursuant to Sections 304, 305, 906 or 1107 of the Indenture not involving any transfer).

     

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

     

    This Debenture shall be governed by and construed in accordance with the law of the State of New York (without regard to conflicts of laws principles thereof).

     

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

     

    All undefined terms (whether or not capitalized) used in this Debenture which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

    
      7

      
        

    

    ASSIGNMENT FORM

     

    To assign this Debenture, fill in the form below:

     

    
      
        
          
            
              (I) or (we) assign and transfer this Debenture to

            

             

            

          

        

        	
                

                

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

              
	
                

                

              
	
                

                

              
	
                

                

              
	
                

                

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

              

        

        

        	
                and irrevocably appoint

                

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

        	
                

                

              

        

        

        	
                Date:

                  

              	 	 

        

        

        	
                

                

              	Your Signature:

              	 
	 	 	
                (Sign exactly as your name(s) 

                appear(s) on the face of this Debenture)

              

        

        

        	
                Signature Guarantee*

              
	 

        

        

      

    

    
      *NOTICE: The signature must be guaranteed by an institution that is a member of one of the following recognized signature guarantee programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion
        Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program acceptable to the Trustee.

    

    

    

    
      8

      
        

    

    SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

     

    The initial outstanding principal amount of this Global Note is $                         . The following exchanges of an interest in this Global Note for an interest in another Global Note or for a Definitive Note, or
      exchanges of an interest in another Global Note or Definitive Notes for an interest in this Global Note, have been made:

     

    
      	
              Date of Exchange

            	
              Amount of

              Decrease in

              Principal

              Amount of this

              Global Note

            	
              Amount of

              Increase in

              Principal

              Amount of this

              Global Note

            	
              Principal Amount

              of this Global

              Note Following

              Such Decrease

              (or Increase)

            	
              Signature of

              Authorized

              Officer of

              Trustee or

              Security

              Custodian

            
	 	 	 	 	 
	 	 	 	 	

            

       9Exhibit 4.22

  

  
     

    

    UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO 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.

     

    OCCIDENTAL PETROLEUM CORPORATION

     

    7.500% DEBENTURES DUE 2096

     

    
      
        
          
            
              
                	
                        NO.

                        

                      	PRINCIPAL AMOUNT:
	
                         

                      	
                        
                          U.S.$[  ]

                        

                      

              

            

          

        

      

    

    

    

    CUSIP: 674599 DX0

    ISIN: US674599DX07

    

    

    	
            ORIGINAL ISSUE DATE:

          	
            September [18], 2019

          
	
            MATURITY DATE:

          	
            November 1, 2096

          
	
            INTEREST RATE:

          	
            7.500% per annum

          
	
            INTEREST PAYMENT DATES:

          	
            May 1 and November 1, commencing November 1, 2019

          
	
            REGULAR RECORD DATES:

          	
            April 15 and October 15

          
	
            REDEMPTION DATE/PRICE:

          	
            See Further Provisions Set Forth Herein

          

    

    

    
      
        

    

    
    OCCIDENTAL PETROLEUM CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (herein referred to as the “Company,” which term includes any
      successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the lesser of (i) the Principal Amount specified above and (ii) the Principal Amount set forth on the
      Schedule of Exchanges of Interests in the Global Note attached hereto on the Maturity Date specified above and to pay interest thereon from May 1, 2019 or from the most recent Interest Payment Date to which interest has been paid or duly provided
      for, semi-annually in arrears on May 1 and November 1 in each year, commencing on November 1, 2019, at the rate per annum specified above, until the principal hereof is paid or made available for payment. Interest on this Debenture will be computed
      on the basis of a 360-day year comprised of twelve 30-day months. Interest payments for this Debenture will include interest accrued to but excluding each Interest Payment Date. The interest so payable, and punctually paid or duly provided for, on
      any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Debenture (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date, which shall be the April 15 or
      October 15 (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. If any Interest Payment Date or Maturity with respect to this Debenture falls on a day that is not a Business Day, the payment due on
      such Interest Payment Date or Maturity will be made on the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date or Maturity, and no interest shall accrue on the amount so payable for the period from and
      after such Interest Payment Date or Maturity, as the case may be, until such following Business Day. Except as otherwise provided in the Indenture, any Defaulted Interest will forthwith cease to be payable to the Holder on the Regular Record Date
      with respect to such Interest Payment Date by virtue of having been such Holder and may either (1) be paid to the Person in whose name this Debenture (or one or more Predecessor Securities) is registered at the close of business on a Special Record
      Date for the payment of such Defaulted Interest to be fixed by the Trustee (as defined below), notice of which will be given to Holders of Debentures not less than 10 days prior to such Special Record Date, or (2) be paid at any time in any other
      lawful manner not inconsistent with the requirements of any securities exchange on which the Debentures may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Payment of the principal of
      and interest on this Debenture will be made at the Corporate Trust Office of the Trustee in the Borough of Manhattan, The City of New York, or at the office or agency of the Trustee maintained for that purpose in the Borough of Manhattan, The City of
      New York, or at any other office or agency designated by the Company for such purpose, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided that, at the option of the Company, payment of interest due on any Interest Payment Date may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the
      Security Register or by wire transfer of immediately available funds if appropriate wire transfer instructions have been received in writing by the Trustee not less than 15 days prior to the applicable Interest Payment Date.

     

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

     

    Unless the certificate of authentication hereon has been executed by the Trustee or its duly appointed co-authenticating agent by manual signature, this Debenture shall not be entitled to any benefit under the Indenture or be valid or obligatory
      for any purpose.

     

    [signature page follows]

     

    
      2

      
        

    

    IN WITNESS WHEREOF, OCCIDENTAL PETROLEUM CORPORATION has caused this Debenture to be signed by the signature of its Chairman of the Board, its President, a Vice President, its Treasurer or an Assistant Treasurer.

    

    

    Dated:

     

    

    
      
        
          
            
              
                	
                         

                      	OCCIDENTAL PETROLEUM CORPORATION

                      
	
                         

                      	
                         

                      
	
                         

                      	By: 

                      	 
	 	
                        Name:

                        

                      
	
                         

                      	Title:

              

            

          

        

      

    

    

    
      3

      
        

    

    TRUSTEE’S CERTIFICATE OF AUTHENTICATION

     

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

     

    
      
        
          Dated:

        

         

        

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

            

            

          

          	
                  By:

                	 	 
	 	Authorized Signatory

           

          

        

      

    

    
      4

      
        

    

    This Debenture is one of a duly authorized issue of securities (herein called the “Securities”) of the Company, issued and to be issued pursuant to the Indenture (as defined
      below). This Debenture is one of a series designated by the Company as its 7.500% Debentures due 2096 (the “Debentures”), limited in initial aggregate principal amount to $[  ]. The Indenture does not limit
      the aggregate principal amount of the Securities.

     

    The Company issued this Debenture pursuant to an Indenture, dated as of August 8, 2019 (herein called the “Indenture” which term, for the purpose of this Debenture, shall include
      the Officer’s Certificate dated September [18], 2019, delivered pursuant to Sections 201 and 301 of the Indenture), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and
      immunities thereunder of the Company, the Trustee and Holders of the Debentures and of the terms upon which the Debentures are, and are to be, authenticated and delivered.

     

    The Debentures are issuable in denominations of $1,000 and any amount in excess thereof which is an integral multiple of $1,000. As provided in the Indenture and subject to certain limitations therein set forth, the
      Debentures are exchangeable for a like aggregate principal amount of Debentures of like tenor of any authorized denomination, as requested by the Holder surrendering the same, upon surrender of the Debenture or Debentures to be exchanged at any
      office or agency described below where Debentures may be presented for registration of transfer.

     

    The Company may, from time to time, without notice to or the consent of the Holders of the Debentures, reopen the Debentures and issue additional Debentures.

     

    The Debentures are not redeemable prior to the Maturity Date.

     

    If an Event of Default with respect to the Debentures shall occur and be continuing, the principal of and accrued interest on the Debentures may be declared due and payable in the manner and with the effect provided in
      the Indenture.

     

    Conditional Right to Shorten Maturity.

     

    At the election of the Company, the Debentures may have their maturity shortened upon the occurrence of a Tax Event, to the extent required, in the opinion of a nationally recognized independent tax counsel, so that,
      after the shortening of the maturity, interest paid on the Debentures will be deductible for federal income tax purposes.

     

    In the event that the Company elects to exercise its right to shorten the maturity of the Debentures due to the occurrence of a Tax Event, the Company shall mail a notice of shortened maturity to each Holder of record of
      the Debentures by first-class mail, or otherwise deliver in accordance with the applicable procedures of the Depository, not more than 60 days after the occurrence of such Tax Event, stating the new maturity date of the Debentures.  Such notice would
      be effective upon mailing.

     

    
      5

      
        

    

    “Tax Event” means that the Company shall have received an opinion of a nationally recognized independent tax counsel to the effect that on or after the date of the Indenture, as a result of (a) any amendment to,
      clarification of, or change (including any announced prospective change) in laws, or any regulations thereunder, of the United States, (b) any judicial decision, official administrative pronouncement, ruling, regulatory procedure, notice or
      announcement, including any notice or announcement of intent to adopt such procedures or regulations (an “Administrative Action”), or (c) any amendment to, clarification of, or change in the official position or the interpretation of an
      Administrative Action or judicial decision that differs from the theretofore generally accepted position, in each case, on or after the date of the Indenture, such change in tax law creates a more than insubstantial risk that interest paid by the
      Company on the Debentures is not, or will not be, deductible, in whole or in part, by the Company for purposes of federal income tax.

     

    The Indenture permits, in certain circumstances therein specified, the amendment thereof without the consent of the Holders of the Securities. The Indenture also permits, with certain exceptions as therein provided, the
      amendment thereof and the modification of the rights and obligations under the Indenture of the Company and the rights of Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the
      consent  of (i) the Holders of not less than a majority in principal amount of the Outstanding Securities of all series voting as a single class or (ii) if fewer than all of the series of the Outstanding Securities are affected by such addition,
      change, elimination, or modification, the Holders of not less than a majority in principal amount of the Outstanding Securities of all series so affected voting as a single class (including, for the avoidance of doubt, consents obtained in connection
      with a purchase of, or tender offer or exchange for, such debt securities). The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of any series, on behalf
      of the Holders of all Outstanding Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of
      this Debenture shall be conclusive and binding upon such Holder and upon all future Holders of this Debenture and of any Debenture issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of
      such consent or waiver is made upon this Debenture.

     

    No reference herein to the Indenture and no provision of this Debenture, subject to the provisions for satisfaction and discharge in Article Four of the Indenture, shall alter or impair the obligation of the Company,
      which is absolute and unconditional, to pay the principal of and interest on this Debenture at the times, place and rate, and in the coin or currency, herein prescribed.

     

    The Company shall be permitted, by irrevocably depositing cash or U.S. Government Obligations, in amounts and maturities sufficient to pay and discharge at the Stated Maturity the entire indebtedness on all Outstanding
      Debentures that have become due and payable or will become due and payable within one year, with the Trustee in trust, solely for the benefit of the Holders of all Outstanding Debentures, to defease the Indenture with respect to such Debentures
      (subject to specified exceptions), and upon such deposit and satisfaction of the other conditions set forth in the Indenture, the Company shall be deemed to have paid and discharged its entire indebtedness on the Debentures.

     

    
      6

      
        

    

    The Company shall also be permitted to discharge, at any time, its obligations in respect of the Debentures (other than certain limited obligations, such as the obligation to transfer and exchange the Debentures) by
      (1)(a) delivering all of the outstanding Debentures to the Trustee to be cancelled or (b) depositing with the Trustee in trust funds or non-callable United States government or government-guaranteed obligations sufficient, without investment, to pay
      all remaining principal and interest on the Debentures and (2) complying with certain other provisions of the Indenture.

     

    As provided in the Indenture and subject to certain limitations therein set forth, the transfer of Debentures is registrable in the Security Register, upon surrender of a Debenture for registration of transfer at the
      Corporate Trust Office of the Trustee or at the office or agency of the Trustee maintained for such purpose in the Borough of Manhattan, The City of New York, or at such other offices or agencies as the Company may designate, duly endorsed by, or
      accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder thereof or his attorney duly authorized in writing, and thereupon one or more new Debentures of like tenor, of
      authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.

     

    No service charge shall be made by the Company, the Trustee or the Security Registrar for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other
      governmental charge payable in connection therewith (other than exchanges pursuant to Sections 304, 305, 906 or 1107 of the Indenture not involving any transfer).

     

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

     

    This Debenture shall be governed by and construed in accordance with the law of the State of New York (without regard to conflicts of laws principles thereof).

     

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

     

    All undefined terms (whether or not capitalized) used in this Debenture which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

    
      7

      
        

    

    ASSIGNMENT FORM

     

    To assign this Debenture, fill in the form below:

     

    
      
        
          
            (I) or (we) assign and transfer this Debenture to

          

           

          

        

      

      	
              

              

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

            
	
              

              

            
	
              

              

            
	
              

              

            
	
              

              

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

            

      

      

      	
              and irrevocably appoint

              

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

      	
              

              

            

      

      

      	
              Date:

                

            	 	 

      

      

      	
              

              

            	Your Signature:

            	 
	 	 	
              (Sign exactly as your name(s) 

              appear(s) on the face of this Debenture)

            

      

      

      	
              Signature Guarantee*

            
	 

      

      

    

    
      *NOTICE: The signature must be guaranteed by an institution that is a member of one of the following recognized signature guarantee programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion
        Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program acceptable to the Trustee.

    

    

    

    
      8

      
        

    

    SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE

     

    The initial outstanding principal amount of this Global Note is $                         . The following exchanges of an interest in this Global Note for an interest in another Global Note or for a Definitive Note, or
      exchanges of an interest in another Global Note or Definitive Notes for an interest in this Global Note, have been made:

     

    
      	
              Date of Exchange

            	
              Amount of

              Decrease in

              Principal

              Amount of this

              Global Note

            	
              Amount of

              Increase in

              Principal

              Amount of this

              Global Note

            	
              Principal Amount

              of this Global

              Note Following

              Such Decrease

              (or Increase)

            	
              Signature of

              Authorized

              Officer of

              Trustee or

              Security

              Custodian

            
	 	 	 	 	 
	 	 	 	 	

            

       9

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