Document:

EX-4.1

 Exhibit 4.1 

APPLE INC. 
 Officer’s
Certificate 
 Pursuant to Sections 102 and 301 of the Indenture, dated as of April 29, 2013 (the
“Indenture”), by and between Apple Inc., a corporation duly organized and existing under the laws of the State of California (the “Issuer”), and The Bank of New York Mellon Trust Company, N.A., a national banking
association duly organized and existing under the laws of the United States, as trustee (the “Trustee”), the undersigned officer does hereby certify, in connection with the issuance of (i) $500,000,000 aggregate principal amount of
Floating Rate Notes due 2020 (the “2020 Floating Rate Notes”), (ii) $750,000,000 aggregate principal amount of Floating Rate Notes due 2022 (the “2022 Floating Rate Notes”), (iii) $1,000,000,000 aggregate principal
amount of 1.800% Notes due 2020 (the “2020 Fixed Rate Notes”), (iv) $1,000,000,000 aggregate principal amount of 2.300% Notes due 2022 (the “2022 Fixed Rate Notes”), (v) $1,750,000,000 aggregate principal amount of
2.850% Notes due 2024 (the “2024 Fixed Rate Notes”) and (vi) $2,000,000,000 aggregate principal amount of 3.200% Notes due 2027 (the “2027 Fixed Rate Notes” and, together with the 2020 Floating Rate Notes, the 2022
Floating Rate Notes, the 2020 Fixed Rate Notes, the 2022 Fixed Rate Notes and the 2024 Fixed Rate Notes, the “Notes”), that the terms of the Notes are as follows: 

Capitalized terms used but not otherwise defined herein shall have the meanings specified in the Indenture. 

 

	 1.
	 2020 Floating Rate Notes  

 

			
	 Title:
	  	 Floating Rate Notes due 2020

		
	 Issuer:
	  	 Apple Inc.

		
	 Trustee, Security Registrar and

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

		
	 Aggregate Principal Amount.
	  	 $500,000,000

		
	 Original Issue Date:
	  	 May 11, 2017

		
	 Maturity Date:
	  	 May 11, 2020

		
	 Interest:
	  	 Floating rate equal to three-month LIBOR plus 0.070% per annum, reset quarterly

		
	 Date from which Interest will Accrue:
	  	 From the most recent date to which interest has been paid; or, if no interest has been paid, from May 11, 2017

		
	 Interest Payment Dates:
	  	 Interest on the 2020 Floating Rate Notes will be paid quarterly in arrears on February 11, May 11, August 11 and
November 11, beginning on August 11, 2017, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding
Business Day, unless such next succeeding Business Day would be in the following calendar month, in which case the Interest Payment Date shall be the immediately preceding Business Day.

			
		
	 Conversion:
	  	 None

		
	 Sinking Fund:
	  	 None

		
	 Redemption:
	  	 The 2020 Floating Rate Notes shall not be redeemable prior to their maturity.

		
	 Denominations:
	  	 $2,000 and any integral multiple of $1,000 in excess thereof.

		
	 Miscellaneous:
	  	 The terms of the 2020 Floating Rate Notes shall include such other terms as are set forth in the form of 2020 Floating Rate Notes
attached hereto as Exhibit A and in the Indenture. In addition, the global notes for the 2020 Floating Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are
inconsistent, the terms of the Indenture shall govern.”

		
	 CUSIP/ISIN:
	  	 037833 CT5 / US037833CT59

  

	 2.
	 2022 Floating Rate Notes  

 

			
	 Title:
	  	 Floating Rate Notes due 2022

		
	 Issuer:
	  	 Apple Inc.

		
	 Trustee, Security Registrar and

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

		
	 Aggregate Principal Amount.
	  	 $750,000,000

		
	 Original Issue Date:
	  	 May 11, 2017

		
	 Maturity Date:
	  	 May 11, 2022

		
	 Interest:
	  	 Floating rate equal to three-month LIBOR plus 0.350% per annum, reset quarterly

  
 2 

			
		
	 Date from which Interest will Accrue:
	  	 From the most recent date to which interest has been paid; or, if no interest has been paid, from May 11, 2017

		
	 Interest Payment Dates:
	  	 Interest on the 2022 Floating Rate Notes will be paid quarterly in arrears on February 11, May 11, August 11 and
November 11, beginning on August 11, 2017, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding
Business Day, unless such next succeeding Business Day would be in the following calendar month, in which case the Interest Payment Date shall be the immediately preceding Business Day.

		
	 Conversion:
	  	 None

		
	 Sinking Fund:
	  	 None

		
	 Redemption:
	  	 The 2022 Floating Rate Notes shall not be redeemable prior to their maturity.

		
	 Denominations:
	  	 $2,000 and any integral multiple of $1,000 in excess thereof.

		
	 Miscellaneous:
	  	 The terms of the 2022 Floating Rate Notes shall include such other terms as are set forth in the form of 2022 Floating Rate Notes
attached hereto as Exhibit B and in the Indenture. In addition, the global notes for the 2022 Floating Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are
inconsistent, the terms of the Indenture shall govern.”

		
	 CUSIP/ISIN:
	  	 037833 CP3 / US037833CP38

  

	 3.
	 2020 Fixed Rate Notes 

 

			
	 Title:
	  	 1.800% Notes due 2020

		
	 Issuer:
	  	 Apple Inc.

		
	 Trustee, Security Registrar and

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

		
	 Aggregate Principal Amount.
	  	 $1,000,000,000

  
 3 

			
		
	 Original Issue Date:
	  	 May 11, 2017

		
	 Maturity Date:
	  	 May 11, 2020

		
	 Interest:
	  	 1.800% per annum

		
	 Date from which Interest will Accrue:
	  	 From the most recent date to which interest has been paid; or, if no interest has been paid, from May 11, 2017

		
	 Interest Payment Dates:
	  	 Interest on the 2020 Fixed Rate Notes will be paid semi-annually in arrears on May 11 and November 11, beginning on
November 11, 2017, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.

		
	 Redemption:
	  	 The Issuer may, at its option, redeem the 2020 Fixed Rate Notes in whole or in part, at any time or from time to time prior to their
maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2020 Fixed Rate Notes, at a redemption price, calculated by the Issuer, equal to the
greater of:
  
 (i) 100% of the principal amount of the 2020 Fixed
Rate Notes to be redeemed; or
  
 (ii) the sum of the present values
of the remaining scheduled payments of principal and interest on the 2020 Fixed Rate Notes to be redeemed (exclusive of interest accrued to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2020 Fixed Rate Notes) plus 10 basis
points,
  
 plus, in each case, accrued and unpaid interest thereon
to, but excluding, the date of redemption.

		
	 Conversion:
	  	 None

		
	 Sinking Fund:
	  	 None

		
	 Denominations:
	  	 $2,000 and any integral multiple of $1,000 in excess thereof.

  
 4 

			
		
	 Miscellaneous:
	  	 The terms of the 2020 Fixed Rate Notes shall include such other terms as are set forth in the form of 2020 Fixed Rate Notes attached
hereto as Exhibit C and in the Indenture. In addition, the global notes for the 2020 Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the
Indenture shall govern.”

		
	 CUSIP/ISIN:
	  	 037833 CS7 / US037833CS76

  

	 4.
	 2022 Fixed Rate Notes 

 

			
	 Title:
	  	 2.300% Notes due 2022

		
	 Issuer:
	  	 Apple Inc.

		
	 Trustee, Security Registrar and

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

		
	 Aggregate Principal Amount.
	  	 $1,000,000,000

		
	 Original Issue Date:
	  	 May 11, 2017

		
	 Maturity Date:
	  	 May 11, 2022

		
	 Interest:
	  	 2.300% per annum

		
	 Date from which Interest will Accrue:
	  	 From the most recent date to which interest has been paid; or, if no interest has been paid, from May 11, 2017

		
	 Interest Payment Dates:
	  	 Interest on the 2022 Fixed Rate Notes will be paid semi-annually in arrears on May 11 and November 11, beginning on
November 11, 2017, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.

  
 5 

			
		
	 Redemption:
	  	 Prior to April 11, 2022, the Issuer may, at its option, redeem the 2022 Fixed Rate Notes in whole or in part, at any time or from
time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2022 Fixed Rate Notes, at a redemption price, calculated
by the Issuer, equal to the greater of:
  
 (i) 100% of the principal
amount of the 2022 Fixed Rate Notes to be redeemed; or
  
 (ii) the
sum of the present values of the remaining scheduled payments of principal and interest on the 2022 Fixed Rate Notes to be redeemed (assuming the 2022 Fixed Rate Notes matured on April 11, 2022), exclusive of interest accrued to, but excluding,
the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the
sum of the applicable Treasury Rate (as defined in the 2022 Fixed Rate Notes) plus 10 basis points,
  

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

 
 On or after April 11, 2022, the Issuer may redeem the 2022 Fixed
Rate Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2022
Fixed Rate Notes, at a redemption price equal to 100% of the principal amount of the 2022 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	 Conversion:
	  	 None

		
	 Sinking Fund:
	  	 None

		
	 Denominations:
	  	 $2,000 and any integral multiple of $1,000 in excess thereof.

		
	 Miscellaneous:
	  	 The terms of the 2022 Fixed Rate Notes shall include such other terms as are set forth in the form of 2022 Fixed Rate Notes attached
hereto as Exhibit D and in the Indenture. In addition, the global notes for the 2022 Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the
Indenture shall govern.”

		
	 CUSIP/ISIN:
	  	 037833 CQ1 / US037833CQ11

  
 6 

	 5.
	 2024 Fixed Rate Notes 

 

			
	 Title:
	  	 2.850% Notes due 2024

		
	 Issuer:
	  	 Apple Inc.

		
	 Trustee, Security Registrar and

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

		
	 Aggregate Principal Amount.
	  	 $1,750,000,000

		
	 Original Issue Date:
	  	 May 11, 2017

		
	 Maturity Date:
	  	 May 11, 2024

		
	 Interest:
	  	 2.850% per annum

		
	 Date from which Interest will Accrue:
	  	 From the most recent date to which interest has been paid; or, if no interest has been paid, from May 11, 2017

		
	 Interest Payment Dates:
	  	 Interest on the 2024 Fixed Rate Notes will be paid semi-annually in arrears on May 11 and November 11, beginning on
November 11, 2017, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.

		
	 Redemption:
	  	 Prior to March 11, 2024, the Issuer may, at its option, redeem the 2024 Fixed Rate Notes in whole or in part, at any time or from
time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2024 Fixed Rate Notes, at a redemption price, calculated
by the Issuer, equal to the greater of:
  
 (i) 100% of the principal
amount of the 2024 Fixed Rate Notes to be redeemed; or
  
 (ii) the
sum of the present values of the remaining scheduled payments of principal and interest on the 2024 Fixed Rate Notes to be redeemed (assuming the 2024 Fixed Rate Notes matured on March 11, 2024), exclusive of interest accrued to, but excluding,
the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the
sum of the applicable Treasury Rate (as defined in the 2024 Fixed Rate Notes) plus 12.5 basis points,

  
 7 

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

 
 On or after March 11, 2024, the Issuer may redeem the 2024 Fixed
Rate Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2024
Fixed Rate Notes, at a redemption price equal to 100% of the principal amount of the 2024 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the date of redemption.

		
	 Conversion:
	  	 None

		
	 Sinking Fund:
	  	 None

		
	 Denominations:
	  	 $2,000 and any integral multiple of $1,000 in excess thereof.

		
	 Miscellaneous:
	  	 The terms of the 2024 Fixed Rate Notes shall include such other terms as are set forth in the form of 2024 Fixed Rate Notes attached
hereto as Exhibit E and in the Indenture. In addition, the global notes for the 2024 Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the
Indenture shall govern.”

		
	 CUSIP/ISIN:
	  	 037833 CU2 / US037833CU23

  

	 6.
	 2027 Fixed Rate Notes 

 

			
	 Title:
	  	 3.200% Notes due 2027

		
	 Issuer:
	  	 Apple Inc.

		
	 Trustee, Security Registrar and

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

		
	 Aggregate Principal Amount.
	  	 $2,000,000,000

		
	 Original Issue Date:
	  	 May 11, 2017

  

  
 8 

			
		
	 Maturity Date:
	  	 May 11, 2027

		
	 Interest:
	  	 3.200% per annum

		
	 Date from which Interest will Accrue:
	  	 From the most recent date to which interest has been paid; or, if no interest has been paid, from May 11, 2017

		
	 Interest Payment Dates:
	  	 Interest on the 2027 Fixed Rate Notes will be paid semi-annually in arrears on May 11 and November 11, beginning on
November 11, 2017, and on the maturity date; provided, that if an Interest Payment Date for this Note falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day.

		
	 Redemption:
	  	 Prior to February 11, 2027, the Issuer may, at its option, redeem the 2027 Fixed Rate Notes in whole or in part, at any time or
from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to the registered address of each holder of record of the 2027 Fixed Rate Notes, at a redemption price,
calculated by the Issuer, equal to the greater of:
  
 (i) 100% of the
principal amount of the 2027 Fixed Rate Notes to be redeemed; or
  

(ii) the sum of the present values of the remaining scheduled payments of principal and interest on the 2027 Fixed Rate Notes to be redeemed (assuming
the 2027 Fixed Rate Notes matured on February 11, 2027), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined in the 2027 Fixed Rate Notes) plus 15 basis
points,
  
 plus, in each case, accrued and unpaid interest thereon
to, but excluding, the date of redemption.
  
 On or after
February 11, 2027, the Issuer may redeem the 2027 Fixed Rate Notes in whole or in part, at any time or from time to time prior to their maturity, on at least 15 days, but not more than 60 days, prior notice mailed or electronically delivered to
the registered address of each holder of record of the 2027 Fixed Rate Notes, at a redemption price equal to 100% of the principal amount of the 2027 Fixed Rate Notes to be redeemed, plus accrued and unpaid interest thereon to, but excluding, the
date of redemption.

  
 9 

			
		
	 Conversion:
	  	 None

		
	 Sinking Fund:
	  	 None

		
	 Denominations:
	  	 $2,000 and any integral multiple of $1,000 in excess thereof.

		
	 Miscellaneous:
	  	 The terms of the 2027 Fixed Rate Notes shall include such other terms as are set forth in the form of 2027 Fixed Rate Notes attached
hereto as Exhibit F and in the Indenture. In addition, the global notes for the 2027 Fixed Rate Notes shall include the following language: “To the extent the terms of the Indenture and this Note are inconsistent, the terms of the
Indenture shall govern.”

		
	 CUSIP/ISIN:
	  	 037833 CR9 / US037833CR93

 Subject to the covenants described in the Indenture, as amended or supplemented from time to time, the
Issuer shall be entitled, subject to authorization by the Board of Directors of the Issuer and an Officer’s Certificate, to issue additional notes from time to time under each series of notes issued hereby. Any such additional notes of a series
shall have identical terms as the 2020 Floating Rate Notes, the 2022 Floating Rate Notes, the 2020 Fixed Rate Notes, the 2022 Fixed Rate Notes, the 2024 Fixed Rate Notes and the 2027 Fixed Rate Notes, as the case may be, issued on the issue date,
other than with respect to the date of issuance and the issue price, the date interest begins to accrue and, in certain circumstances, the first interest payment date (together the “Additional Notes”). Any Additional Notes will be
issued in accordance with Section 301 of the Indenture. 
 The Officer has read and understands the provisions of the Indenture
and the definitions relating thereto. The statements made in this Officer’s Certificate are based upon the examination of the provisions of the Indenture and upon the relevant books and records of the Issuer. In such Officer’s opinion,
they have made such examination or investigation as is necessary to enable such Officer to express an informed opinion as to whether or not the covenants and conditions precedent of such Indenture relating to the issuance, authentication and
delivery of the Notes have been complied with. In such Officer’s opinion, such covenants and conditions precedent have been complied with. 

[Signature Page Follows] 

  
 10 

 IN WITNESS WHEREOF, the undersigned officer of the Issuer has duly executed this
certificate as of May 11, 2017. 
  

			
	 APPLE INC.

		
	 By:
	 	 /s/ Gary Wipfler

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

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

 EXHIBIT A 

FORM OF FLOATING RATE NOTE DUE 2020 

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

 APPLE INC. 

Floating Rate Note due 2020 
  

			
	 No.
	  	CUSIP No.: 037833 CT5
		  	ISIN No.: US037833CT59
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on May 11, 2020. 

Interest Payment Dates: February 11, May 11, August 11 and November 11, beginning on August 11, 2017 and on the
maturity date (each, an “Interest Payment Date”). 
 Interest Record Dates: the Business Day preceding the Interest
Payment Date (the “Interest Record Date”). 
 Reference is made to the further provisions of this Note contained
herein, which will for all purposes have the same effect as if set forth at this place. 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 11, 2017 
  

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

		
	 By:
	 	  

		 	 Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 Floating Rate Note due 2020 

 

	 	 1.
	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
below. Cash interest on the Notes will accrue from May 11, 2017 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid to, but excluding, the relevant Interest Payment Date.
The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing August 11, 2017, to Holders of record on the immediately preceding Interest Record Date; provided, that if an Interest Payment Date for this Note falls
on a day that is not a Business Day the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following calendar month, in which case the Interest Payment Date shall be
the immediately preceding Business Day. Interest will be computed on the basis of a 360-day year and the actual number of days that have elapsed in the applicable interest period. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful. 
 The interest rate for each interest
period will be determined by the Trustee (as defined below) or its successor. The interest rate for a particular interest period will be a per annum rate equal to three-month LIBOR as determined on the interest determination date plus 0.070%. The
interest determination date for an interest period will be the second London business day preceding the first day of such interest period (or, for the interest period ending on August 11, 2017, the second London business day preceding
May 11, 2017). 
 A London business day is a day on which dealings in deposits in U.S. dollars are transacted in the London
interbank market. 
 On any interest determination date, LIBOR will be equal to the offered rate for deposits in U.S. dollars having
an index maturity of three months, as such rate appears on the Reuters Page LIBOR 01 (or on such other page as may replace Reuters Page LIBOR 01 on that service, or such other service or services as may be nominated for the purpose of displaying
London interbank offered rates for U.S. dollar deposits by ICE Benchmark Administration Limited (“IBA”) or its successor or such other entity assuming the responsibility of IBA or its successor in calculating LIBOR in the event IBA or its
successor no longer does so) as of approximately 11:00 a.m., London time, on such interest determination date. 

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

The interest rate on this Note will in no event be higher than the maximum rate permitted by New York law as the same may be modified by
United States law of general application. 
  

	 	 2.
	 Paying Agent and Security Registrar. 

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

	 	 3.
	 Indenture; Defined Terms. 

This Note is one of the Floating Rate Notes due 2020 (the “Notes”) issued under an indenture, dated as of
April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated May 11, 2017, issued pursuant to Section 301 of the Indenture (together with
the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

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

 

	 	 4.
	 Denominations; Transfer; Exchange. 

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

	 	 5.
	 Amendment; Supplement; Waiver. 

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

	 	 6.
	 Defaults and Remedies. 

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

	 	 7.
	 Authentication. 

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

 

	 	 8.
	 Abbreviations and Defined Terms. 

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

	 	 9.
	 CUSIP Numbers. 

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

  

	 	 10.
	 Governing Law. 

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

 ASSIGNMENT FORM 

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

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

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

 
  

							
	 Date:
	 	 	  	         Your Signature:
	  	 

  
  

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

					
		 		 	 Signature

Signature Guarantee: 
  

					
	 Signature must be guaranteed
	 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

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

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

 

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

 EXHIBIT B 

FORM OF FLOATING RATE NOTE DUE 2022 

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

 APPLE INC. 

Floating Rate Note due 2022 
  

			
	 No.
	  	CUSIP No.: 037833 CP3
		  	ISIN No.: US037833CP38
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on May 11, 2022. 

Interest Payment Dates: February 11, May 11, August 11 and November 11, beginning on August 11, 2017 and on the
maturity date (each, an “Interest Payment Date”). 
 Interest Record Dates: the Business Day preceding the Interest
Payment Date (the “Interest Record Date”). 
 Reference is made to the further provisions of this Note contained
herein, which will for all purposes have the same effect as if set forth at this place. 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 11, 2017 
  

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

		
	 By:
	 	  

		 	 Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 Floating Rate Note due 2022 

 

	 	 1.
	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
below. Cash interest on the Notes will accrue from May 11, 2017 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid to, but excluding, the relevant Interest Payment Date.
The Issuer will pay interest quarterly in arrears on each Interest Payment Date, commencing August 11, 2017, to Holders of record on the immediately preceding Interest Record Date; provided, that if an Interest Payment Date for this Note falls
on a day that is not a Business Day the Interest Payment Date shall be postponed to the next succeeding Business Day, unless such next succeeding Business Day would be in the following calendar month, in which case the Interest Payment Date shall be
the immediately preceding Business Day. Interest will be computed on the basis of a 360-day year and the actual number of days that have elapsed in the applicable interest period. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue
installments of interest (without regard to any applicable grace periods) to the extent lawful. 
 The interest rate for each interest
period will be determined by the Trustee (as defined below) or its successor. The interest rate for a particular interest period will be a per annum rate equal to three-month LIBOR as determined on the interest determination date plus 0.350%. The
interest determination date for an interest period will be the second London business day preceding the first day of such interest period (or, for the interest period ending on August 11, 2017, the second London business day preceding
May 11, 2017). 
 A London business day is a day on which dealings in deposits in U.S. dollars are transacted in the London
interbank market. 
 On any interest determination date, LIBOR will be equal to the offered rate for deposits in U.S. dollars having
an index maturity of three months, as such rate appears on the Reuters Page LIBOR 01 (or on such other page as may replace Reuters Page LIBOR 01 on that service, or such other service or services as may be nominated for the purpose of displaying
London interbank offered rates for U.S. dollar deposits by ICE Benchmark Administration Limited (“IBA”) or its successor or such other entity assuming the responsibility of IBA or its successor in calculating LIBOR in the event IBA or its
successor no longer does so) as of approximately 11:00 a.m., London time, on such interest determination date. 

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

The interest rate on this Note will in no event be higher than the maximum rate permitted by New York law as the same may be modified by
United States law of general application. 
  

	 	 2.
	 Paying Agent and Security Registrar. 

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

	 	 3.
	 Indenture; Defined Terms. 

This Note is one of the Floating Rate Notes due 2022 (the “Notes”) issued under an indenture, dated as of
April 29, 2013 (the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated May 11, 2017, issued pursuant to Section 301 of the Indenture (together with
the Base Indenture, the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

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

 

	 	 4.
	 Denominations; Transfer; Exchange. 

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

	 	 5.
	 Amendment; Supplement; Waiver. 

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

	 	 6.
	 Defaults and Remedies. 

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

	 	 7.
	 Authentication. 

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

 

	 	 8.
	 Abbreviations and Defined Terms. 

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

	 	 9.
	 CUSIP Numbers. 

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

  

	 	 10.
	 Governing Law. 

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

 ASSIGNMENT FORM 

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

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

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

 
  

							
	 Date:
	 	 	  	         Your Signature:
	  	 

  
  

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

					
		 		 	 Signature

Signature Guarantee: 
  

					
	 Signature must be guaranteed
	 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

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

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

 

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

 EXHIBIT C 

FORM OF NOTE DUE 2020 
 UNLESS THIS
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN
THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

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

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

 APPLE INC. 

1.800% Note due 2020 
  

			
	 No.
	  	CUSIP No.: 037833 CS7
		  	ISIN No.: US037833CS76
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on May 11, 2020. 

Interest Payment Dates: May 11 and November 11, beginning on November 11, 2017 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: April 27 and October 28 (each, an “Interest
Record Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have
the same effect as if set forth at this place. 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 11, 2017 
  

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

		
	 By:
	 	  

		 	 Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 1.800% Note due 2020 

 

	 	 1.
	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
above. Cash interest on the Notes will accrue from May 11, 2017 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid to, but excluding, the relevant Interest Payment Date.
The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 11, 2017, to Holders of record on the immediately preceding Interest Record Date; provided, that if an Interest Payment Date for this Note
falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The
Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	 2.
	 Paying Agent and Security Registrar. 

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

	 	 3.
	 Indenture; Defined Terms. 

This Note is one of the 1.800% Notes due 2020 (the “Notes”) issued under an indenture, dated as of April 29, 2013
(the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated May 11, 2017, issued pursuant to Section 301 of the Indenture (together with the Base Indenture,
the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

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

	 	 4.
	 Denominations; Transfer; Exchange. 

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

 

	 	 5.
	 Amendment; Supplement; Waiver. 

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

	 	 6.
	 Redemption. 

Prior to the maturity date, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i) 100% of the principal amount of the Notes to
be redeemed; or 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be
redeemed (exclusive of interest accrued to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 10 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but
excluding, the date of redemption. 
 Notwithstanding the foregoing, installments of interest on the Notes that are due and payable on
interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant record date according to the Notes and the Indenture. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt
securities of comparable maturity to the remaining term of such Notes. 

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

“Reference Treasury Dealer” means (1) each of Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and
Wells Fargo Securities, LLC and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), in which case the Issuer will substitute another
Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the applicable Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third business day preceding such redemption date.

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

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

 Notice of any redemption will be mailed or electronically delivered at least 15 days but
not more than 60 days before the redemption date to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the
redemption date, the manner in which the redemption price will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption
price, on and after the redemption date, interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures
of the Depositary, in the case of Notes represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	 7.
	 Defaults and Remedies. 

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

	 	 8.
	 Authentication. 

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

 

	 	 9.
	 Abbreviations and Defined Terms. 

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

	 	 10.
	 CUSIP Numbers. 

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

	 	 11.
	 Governing Law. 

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

 ASSIGNMENT FORM 

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

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

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

 
  

							
	 Date:
	 	 	  	         Your Signature:
	  	 

  
  

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

					
		 		  	 Signature

Signature Guarantee: 
  

					
	 Signature must be guaranteed
	 		  	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

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

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

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of this
Global
Note
	 	 Amount of increase in
principal amount of this
Global
Note
	  	
Principal amount of this
Global Note following such

decrease (or increase)
	  	
Signature of authorized
officer of Trustee

 EXHIBIT D 

FORM OF NOTE DUE 2022 
 UNLESS THIS
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN
THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

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

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

 APPLE INC. 

2.300% Note due 2022 
  

			
	 No.
	  	CUSIP No.: 037833 CQ1
		  	ISIN No.: US037833CQ11
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on May 11, 2022. 

Interest Payment Dates: May 11 and November 11, beginning on November 11, 2017 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: April 27 and October 28 (each, an “Interest
Record Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have
the same effect as if set forth at this place. 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 11, 2017 
  

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

		
	 By:
	 	  

	 	 	 Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 2.300% Note due 2022 

 

	 	 1.
	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
above. Cash interest on the Notes will accrue from May 11, 2017 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid to, but excluding, the relevant Interest Payment Date.
The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 11, 2017, to Holders of record on the immediately preceding Interest Record Date; provided, that if an Interest Payment Date for this Note
falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The
Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	 2.
	 Paying Agent and Security Registrar. 

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

	 	 3.
	 Indenture; Defined Terms. 

This Note is one of the 2.300% Notes due 2022 (the “Notes”) issued under an indenture, dated as of April 29, 2013
(the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated May 11, 2017, issued pursuant to Section 301 of the Indenture (together with the Base Indenture,
the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

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

	 	 4.
	 Denominations; Transfer; Exchange. 

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

 

	 	 5.
	 Amendment; Supplement; Waiver. 

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

	 	 6.
	 Redemption. 

Prior to April 11, 2022, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i) 100% of the principal amount of the Notes to
be redeemed; or 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be
redeemed (assuming such Notes matured on April 11, 2022), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 10 basis points, plus, in each case,
accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 On or after
April 11, 2022, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid
interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 Notwithstanding the foregoing,
installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant
record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States Treasury security
selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on April 11, 2022) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes (assuming such Notes matured on April 11, 2022). 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average
of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the
Issuer shall appoint to act as the Independent Investment Banker from time to time. 
 “Reference Treasury Dealer”
means (1) each of Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a
“Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

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

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

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

 Notice of any redemption will be mailed or electronically delivered at least 15 days but not more than 60 days before the
redemption date to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the
redemption price will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date,
interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	 7.
	 Defaults and Remedies. 

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

	 	 8.
	 Authentication. 

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

 

	 	 9.
	 Abbreviations and Defined Terms. 

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

	 	 10.
	 CUSIP Numbers. 

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

  

	 	 11.
	 Governing Law. 

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

 ASSIGNMENT FORM 

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

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

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

 
  

							
	 Date:
	 	 	  	         Your Signature:
	  	 

  
  

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

					
		 		  	 Signature

Signature Guarantee: 
  

					
	 Signature must be guaranteed
	 		  	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

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

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

 

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

 EXHIBIT E 

FORM OF NOTE DUE 2024 
 UNLESS THIS
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN
THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

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

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

 APPLE INC. 

2.850% Note due 2024 
  

			
	 No.
	  	CUSIP No.: 037833 CU2
		  	ISIN No.: US037833CU23
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on May 11, 2024. 

Interest Payment Dates: May 11 and November 11, beginning on November 11, 2017 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: April 27 and October 28 (each, an “Interest
Record Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have
the same effect as if set forth at this place. 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 11, 2017 
  

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

		
	 By:
	 	  

		 	 Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 2.850% Note due 2024 

 

	 	 1.
	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
above. Cash interest on the Notes will accrue from May 11, 2017 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid to, but excluding, the relevant Interest Payment Date.
The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 11, 2017, to Holders of record on the immediately preceding Interest Record Date; provided, that if an Interest Payment Date for this Note
falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The
Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	 2.
	 Paying Agent and Security Registrar. 

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

	 	 3.
	 Indenture; Defined Terms. 

This Note is one of the 2.850% Notes due 2024 (the “Notes”) issued under an indenture, dated as of April 29, 2013
(the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated May 11, 2017, issued pursuant to Section 301 of the Indenture (together with the Base Indenture,
the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

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

	 	 4.
	 Denominations; Transfer; Exchange. 

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

 

	 	 5.
	 Amendment; Supplement; Waiver. 

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

	 	 6.
	 Redemption. 

Prior to March 11, 2024, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i) 100% of the principal amount of the Notes to
be redeemed; or 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be
redeemed (assuming such Notes matured on March 11, 2024), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 12.5 basis points, plus, in each
case, accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 On or after
March 11, 2024, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid
interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 Notwithstanding the foregoing,
installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant
record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States Treasury security
selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on March 11, 2024) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes (assuming such Notes matured on March 11, 2024). 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average
of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the
Issuer shall appoint to act as the Independent Investment Banker from time to time. 
 “Reference Treasury Dealer”
means (1) each of Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a
“Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

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

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

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

 Notice of any redemption will be mailed or electronically delivered at least 15 days but not more than 60 days before the
redemption date to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the
redemption price will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date,
interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	 7.
	 Defaults and Remedies. 

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

	 	 8.
	 Authentication. 

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

 

	 	 9.
	 Abbreviations and Defined Terms. 

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

	 	 10.
	 CUSIP Numbers. 

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

  

	 	 11.
	 Governing Law. 

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

 ASSIGNMENT FORM 

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

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

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

 
  

							
	 Date:
	 	 	  	         Your Signature:
	  	 

  
  

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

					
		 		  	 Signature

Signature Guarantee: 
  

					
	 Signature must be guaranteed
	 		  	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

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

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

 

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

 EXHIBIT F 

FORM OF NOTE DUE 2027 
 UNLESS THIS
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN
THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

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

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

 APPLE INC. 

3.200% Note due 2027 
  

			
	 No.
	  	CUSIP No.: 037833 CR9
		  	ISIN No.: US037833CR93
		
		  	$[●]

 APPLE INC., a California corporation (the “Issuer”), for value received promises to pay
to CEDE & CO. or registered assigns the principal sum listed on the Schedule of Exchanges of Notes on May 11, 2027. 

Interest Payment Dates: May 11 and November 11, beginning on November 11, 2017 and on the maturity date (each, an
“Interest Payment Date”). 
 Interest Record Dates: April 27 and October 28 (each, an “Interest
Record Date”). 
 Reference is made to the further provisions of this Note contained herein, which will for all purposes have
the same effect as if set forth at this place. 

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

			
	 APPLE INC.

		
	 By:
	 	  

		 	 Name: Gary Wipfler

		 	 Title: Vice President and Corporate Treasurer

 This is one of the Securities of the series designated therein and referred to in the
within-mentioned Indenture. 
 Dated: May 11, 2017 
  

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

		
	 By:
	 	  

		 	 Authorized Signatory

 (REVERSE OF NOTE) 

APPLE INC. 
 3.200% Note due 2027 

 

	 	 1.
	 Interest 

Apple Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum described
above. Cash interest on the Notes will accrue from May 11, 2017 or the most recent Interest Payment Date to which payment has been paid or provided for. Interest on this Note will be paid to, but excluding, the relevant Interest Payment Date.
The Issuer will pay interest semi-annually in arrears on each Interest Payment Date, commencing November 11, 2017, to Holders of record on the immediately preceding Interest Record Date; provided, that if an Interest Payment Date for this Note
falls on a day that is not a Business Day, the Interest Payment Date shall be postponed to the next succeeding Business Day. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months in a manner consistent with Rule 11620(b) of the FINRA Uniform Practice Code. 
 The
Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of interest (without regard to any applicable grace periods) to the extent lawful. 

 

	 	 2.
	 Paying Agent and Security Registrar. 

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

	 	 3.
	 Indenture; Defined Terms. 

This Note is one of the 3.200% Notes due 2027 (the “Notes”) issued under an indenture, dated as of April 29, 2013
(the “Base Indenture”), by and between the Issuer and the Trustee, as supplemented by an Officer’s Certificate, dated May 11, 2017, issued pursuant to Section 301 of the Indenture (together with the Base Indenture,
the “Indenture”). This Note is a “Security” and the Notes are “Securities” under the Indenture. 

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

	 	 4.
	 Denominations; Transfer; Exchange. 

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

 

	 	 5.
	 Amendment; Supplement; Waiver. 

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

	 	 6.
	 Redemption. 

Prior to February 11, 2027, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to
time, each at a redemption price calculated by the Issuer equal to the greater of: 
 (i) 100% of the principal amount of the Notes to
be redeemed; or 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be
redeemed (assuming such Notes matured on February 11, 2027), exclusive of interest accrued to, but excluding, the date of redemption, discounted to the date of redemption on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at a rate equal to the sum of the applicable Treasury Rate (as defined below) plus 15 basis points, plus, in each case,
accrued and unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 On or after
February 11, 2027, the Issuer may, at its option, redeem any of the Notes in whole or in part at any time and from time to time, each at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and
unpaid interest on the principal amount being redeemed to, but excluding, the date of redemption. 
 Notwithstanding the foregoing,
installments of interest on the Notes that are due and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the registered Holders as of the close of business on the relevant
record date according to the Notes and the Indenture. 

 “Comparable Treasury Issue” means the United States Treasury security
selected by an Independent Investment Banker as having a maturity comparable to the remaining term (“Remaining Life”) of the Notes to be redeemed (assuming such Notes matured on February 11, 2027) that would be utilized, at the time
of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes (assuming such Notes matured on February 11, 2027). 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average
of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers that the
Issuer shall appoint to act as the Independent Investment Banker from time to time. 
 “Reference Treasury Dealer”
means (1) each of Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealer in New York City (a
“Primary Treasury Dealer”), in which case the Issuer will substitute another Primary Treasury Dealer and (2) any other Primary Treasury Dealer(s) the Issuer shall select. 

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

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

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

 Notice of any redemption will be mailed or electronically delivered at least 15 days but not more than 60 days before the
redemption date to each Holder of record of the Notes to be redeemed at its registered address. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the manner in which the
redemption price will be calculated and the place or places that payments will be made upon presentation and surrender of the Notes to be redeemed. Unless the Issuer defaults in payment of the redemption price, on and after the redemption date,
interest will cease to accrue on the Notes or portions thereof called for redemption. If less than all of the Notes are to be redeemed, the Notes to be redeemed will be selected by the applicable procedures of the Depositary, in the case of Notes
represented by a Global Note, or by lot, in the case of Notes that are not represented by a Global Note. 
  

	 	 7.
	 Defaults and Remedies. 

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

	 	 8.
	 Authentication. 

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

 

	 	 9.
	 Abbreviations and Defined Terms. 

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

	 	 10.
	 CUSIP Numbers. 

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

  

	 	 11.
	 Governing Law. 

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

 ASSIGNMENT FORM 

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

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

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

 
  

							
	 Date:
	 	 	  	         Your Signature:
	  	 

  
  

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

					
		 		 	 Signature

Signature Guarantee: 
  

					
	 Signature must be guaranteed
	 		 	 Signature

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

 SCHEDULE OF EXCHANGES OF NOTES 

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

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

 

									
	 Date of Exchange
	 	 Amount of decrease in
principal amount of this
Global
Note
	 	 Amount of increase in
principal amount of this
Global
Note
	  	
Principal amount of this
Global Note following such
decrease (or increase)
	  	 Signature of authorized
officer of
Trusteetrilinc-ex103_6.htm

Exhibit 10.3

AMENDED AND RESTATED OPERATING EXPENSE RESPONSIBILITY AGREEMENT

This Amended and Restated Operating Expense Responsibility Agreement, entered into on the date set forth below, is by and among TriLinc Global, LLC, a Delaware limited liability company (“Sponsor”), TriLinc Advisors, LLC, a Delaware limited liability company (“Advisor”), and TriLinc Global Impact Fund, LLC, a Delaware limited liability company (“Fund” and together with the Sponsor and the Advisor, the “Parties”). 

WHEREAS, the Sponsor has agreed to be responsible for the payment of the Fund’s cumulative operating costs paid through and including March 31, 2017, including all management fees due to the Advisor that have not been paid by the Fund (collectively as set forth in Exhibit A hereto and referred to as “Fund Expenses”).

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

	
1.
	
Expense Responsibility for Fund Expenses. The Sponsor shall pay the Fund Expenses and will not seek reimbursement of the Fund Expenses unless the reimbursement will not cause the Fund’s Net Asset Value per unit to fall below the prior quarter’s Net Asset Value per unit (the “NAV Hurdle”). To the extent the Fund is not successful in satisfying the NAV Hurdle, no amount will be payable by the Fund for reimbursement to the Sponsor of the Fund Expenses.  

 

	
2.
	
Entire Agreement.  This Agreement sets forth the entire agreement of the Parties with respect to the matters contained herein and no prior or contemporaneous agreement or understanding pertaining to any such matter shall be effective for any purpose.

 

	
3.
	
Governing Law.  This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to its principles of conflicts of laws.

 

[Signature Page Follows]

IN WITNESS WHEREOF, the parties have executed this Agreement on May 10, 2017

 

	
TRILINC GLOBAL, LLC

	
 
	
 
	
 

	
By:
	
 
	
 

	
Name:
	
 
	
 

	
Title:
	
 
	
 

	
 

	
TRILINC ADVISORS, LLC

	
 
	
 
	
 

	
By:
	
 
	
 

	
Name:
	
 
	
 

	
Title:
	
 
	
 

	
 

	
TRILINC GLOBAL IMPACT FUND, LLC

	
 
	
 
	
 

	
By:
	
 
	
 

	
Name:
	
 
	
 

	
Title:
	
 
	
 

Exhibit A

Schedule of Services Incurred by TriLinc Global Impact Fund, LLC through March 31, 2017

 

	
Vendor
	
Description of Services
	
Amount
	
 

	
ANDE
	
2013-2014 Membership
	
$
	
5,000
	
 

	
ASTA
	
Document Translation
	
 
	
3,186
	
 

	
Apex Fund Services
	
Fund Administration
	
 
	
240,202
	
 

	
Bank of NY Mellon
	
Fund Administration
	
 
	
90,000
	
 

	
Bank of NY Mellon
	
Bank fees
	
 
	
17,277
	
 

	
Board of Managers
	
Board Wages
	
 
	
660,989
	
 

	
Board of Managers
	
Board Meeting expenses
	
 
	
117,798
	
 

	
Credit Cards
	
Travel - Dead deal costs
	
 
	
62,987
	
 

	
Deloitte & Touche
	
Audit
	
 
	
401,400
	
 

	
Deloitte & Touche
	
Tax services
	
 
	
443,982
	
 

	
DST Systems, Inc.
	
Transfer Agent
	
 
	
938,666
	
 

	
Duff & Phelps
	
Valuation services
	
 
	
45,381
	
 

	
Emtek Solutions, LLC
	
PAES/TAS
	
 
	
7,875
	
 

	
Federal Agent
	
PAES/TAS
	
 
	
12,750
	
 

	
Greenberg Traurig
	
Legal Services
	
 
	
666,897
	
 

	
IDB Bank
	
Due Diligence
	
 
	
50,000
	
 

	
iUVO Talent
	
PAES/TAS
	
 
	
12,318
	
 

	
Josh Zuckerwise
	
Travel expenses
	
 
	
4,023
	
 

	
Legatum Global Development Limited
	
PAES/TAS
	
 
	
292,500
	
 

	
Leverages Notes
	
Interest
	
 
	
26,224
	
 

	
Lewis Kopp
	
Expense reimbursement
	
 
	
14,348
	
 

	
Lincoln National Insurance
	
Keyman insurance
	
 
	
8,558
	
 

	
Maples and Calder
	
Legal Services
	
 
	
109,514
	
 

	
Moss Adams
	
Audit and 10-Q review
	
 
	
392,798
	
 

	
MF Analytics
	
PAES/TAS
	
 
	
65,159
	
 

	
O'Connor Davies
	
SOX Compliance
	
 
	
60,744
	
 

	
PathNorth
	
2013 Core Membership
	
 
	
4,167
	
 

	
Paul Sanford
	
Travel expenses
	
 
	
5,212
	
 

	
Payroll
	
PAES/TAS
	
 
	
150,091
	
 

	
Pickwick Capital Partners
	
Leverage
	
 
	
4,270
	
 

	
Robert Mora
	
PAES/TAS
	
 
	
97,791
	
 

	
Rothstein Kass
	
SOX Implementation/Compliance
	
 
	
41,027
	
 

	
RR Donnelley
	
10-K, 10-Q & 8-K Processing
	
 
	
219,388
	
 

	
Spolin Cohen
	
Legal Services
	
 
	
81,564
	
 

	
State of California & Delaware
	
Franchise fees
	
 
	
2,350
	
 

	
Steve Napleton
	
Travel expenses
	
 
	
8,979
	
 

	
Tanir Helayel
	
PAES/TAS
	
 
	
6,779
	
 

	
Trilinc Advisors, LLC
	
Copies, postage and miscellaneous
	
 
	
53,704
	
 

	
Trilinc Advisors, LLC
	
eFront
	
 
	
319,928
	
 

	
Trilinc Advisors, LLC
	
Management fees
	
 
	
1,717,750
	
 

	
Trilinc Advisors, LLC
	
Incentive fees
	
 
	
6,075,534
	
 

	
Trilinc Advisors, LLC
	
Due Diligence
	
 
	
131,628
	
 

	
Trilinc Advisors, LLC
	
Travel expenses
	
 
	
83,113
	
 

	
Trilinc Advisors, LLC
	
Legal expenses
	
 
	
205,243
	
 

	
Troy Wiseman
	
Expense reimbursement
	
 
	
9,701
	
 

	
Trustees of Tufts College
	
PAES/TAS
	
 
	
18,150
	
 

	
Various
	
PAES/TAS
	
 
	
14,601
	
 

	
Willis
	
Fund Insurance
	
 
	
137,700
	
 

	
 
	
 
	
$
	
14,139,247

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