Document:

EX-10.5

 EXHIBIT 10.5 

RESTRICTED STOCK UNIT AGREEMENT 

PURSUANT TO THE 

MARKETAXESS HOLDINGS INC. 2012 INCENTIVE PLAN 
  

 
 THIS RESTRICTED STOCK UNIT AGREEMENT (this
“Agreement”), is made as of the January 22, 2019 (the “Grant Date”) by and between MarketAxess Holdings Inc. (the “Company”) and Christopher R. Concannon (the “Participant”). 

WHEREAS, the Board of Directors of the Company (the “Board”) adopted The MarketAxess Holdings Inc. 2012 Incentive Plan (the
“Plan”) which is administered by a Committee appointed by the Company’s Board of Directors (the “Committee”); 

WHEREAS, pursuant to Section 3.3 of the Plan, the Committee has adopted guidelines (the “Guidelines”) for the grant of restricted
stock units (“RSUs”) under the Plan, which constitute an Other Stock-Based Award under the Plan; and 
 WHEREAS, the Company,
through the Committee, wishes to grant to the Participant RSUs as set forth below. 
 NOW, THEREFORE, the Company and the Participant agree as
follows: 
  

	1.	 Grant of RSUs. Subject to the terms and conditions of the Plan (as modified by this Agreement),
the Guidelines (as modified by this Agreement) and this Agreement, on the Grant Date the Company awarded to the Participant xxx RSUs1. The RSUs hereunder are not Deferrable RSUs and are not
eligible for deferral under Section 4 of the Guidelines. 

  

	2.	 Vesting. The RSUs shall become vested (but shall remain subject to Section 3 of this
Agreement) pursuant to Sections 3.1 and 3.2 of the Guidelines, subject to the accelerated vesting provisions under Sections 3.3 and 3.4 of the Guidelines, on January 22, 2022, provided that the Participant has not had a Termination from the
Grant Date until the vesting date, and provided further that notwithstanding anything herein, in the Plan, or in the Guidelines to the contrary, in the event that the Participant experiences a Termination due (i) death, (ii) Disability,
(iii) termination by the Company without Cause, or (iv) resignation by the Participant for Good Reason (as defined in the employment agreement by and between the Participant and the Company), 100% of the RSUs that are unvested at the time
of such Termination, shall become immediately vested. 

  

	3.	 Securities Representations. The grant of the RSUs and any issuance of shares of Common Stock
pursuant to this Agreement are being made by the Company in reliance upon the following express representations and warranties of the Participant. 

The Participant acknowledges, represents and warrants that: 

3.1 he or she has been advised that he or she may be an “affiliate” within the meaning of Rule 144 under the Securities Act of 1933,
as amended (the “Act”) and in this connection the Company is relying in part on his or her representations set forth in this section; 

 

	1 	 NTD: The number of RSUs granted will be determined by dividing award value by the average closing price of
Company stock on the ten trading days leading up to and including the Grant Date, rounded to the nearest whole number. 

  
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 3.2 if he or she is deemed an affiliate within the meaning of Rule 144 of the Act, the Common Stock must be
held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such Common Stock and the Company is under no
obligation to register the Common Stock (or to file a “re-offer prospectus”); 
 3.3 if he or she is deemed an affiliate within the meaning of Rule
144 of the Act, he or she understands that the exemption from registration under Rule 144 will not be available unless (i) a public trading market then exists for the Common Stock, (ii) adequate information concerning the Company is then
available to the public, and (iii) other terms and conditions of Rule 144 or any exemption therefrom are complied with; and that any sale of the Common Stock may be made only in limited amounts in accordance with such terms and conditions. 

 

	4.	 Not an Employment Agreement. Neither the execution of this Agreement nor the grant of RSUs
hereunder constitute an agreement by the Company to employ or to continue to employ the Participant during the entire, or any portion of, the term of this Agreement. 

 

	5.	 Miscellaneous. 

 

	5.1	 This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs,
personal legal representatives, successors, trustees, administrators, distributees, devisees and legatees. The Company may assign to, and require, any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company or any affiliate by which the Participant is employed to expressly assume and agree in writing to perform this Agreement. Notwithstanding the foregoing, the Participant may not assign
this Agreement. 

  

	5.2	 This award of RSUs shall not affect in any way the right or power of the Board or stockholders of the Company
to make or authorize an adjustment, recapitalization or other change in the capital structure or the business of the Company, any merger or consolidation of the Company or subsidiaries, any issue of bonds, debentures, preferred or prior preference
stock ahead of or affecting the Common Stock, the dissolution or liquidation of the Company, any sale or transfer of all or part of its assets or business or any other corporate act or proceeding. 

 

	5.3	 The Participant agrees that the award of the RSUs hereunder is special incentive compensation and that it, and
any dividends paid thereon (even if treated as compensation for tax purposes), will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension,
retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company. 

  

	5.4	 No modification or waiver of any of the provisions of this Agreement shall be effective unless in writing and
signed by the party against whom it is sought to be enforced. 

  

	5.5	 This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one
contract. 

  

	5.6	 The failure of any party hereto at any time to require performance by another party of any provision of this
Agreement shall not affect the right of such party to require performance of that provision, and any waiver by any party of any breach of any provision of this Agreement shall not be construed as a waiver of any continuing or succeeding breach of
such provision, a waiver of the provision itself, or a waiver of any right under this Agreement. 

  
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	5.7	 The headings of the sections of this Agreement have been inserted for convenience of reference only and shall
in no way restrict or modify any of the terms or provisions hereof. 

  

	5.8	 All notices, consents, requests, approvals, instructions and other communications provided for herein shall be
in writing and validly given or made when delivered, or on the second succeeding business day after being mailed by registered or certified mail, whichever is earlier, to the persons entitled or required to receive the same, at the addresses set
forth at the heading of this Agreement or to such other address as either party may designate by like notice. Notices to the Company shall be addressed to the Compensation Committee of the Board with a copy to General Counsel, MarketAxess Holdings
Inc., 55 Hudson Yards, 15th Floor, New York, New York, 10001. 

  

	5.9	 This Agreement shall be construed, interpreted and governed and the legal relationships of the parties
determined in accordance with the internal laws of the State of Delaware without reference to rules relating to conflicts of law. 

  

	6.	 Violation of Non-Competition Agreement. In the
event the Participant is in breach of any of the restrictive covenants set forth in Sections 4, 5, or 6 of the Proprietary Information and Non-Competition Agreement between the Participant and the Company (the
“Non-Competition Agreement”) prior to any vesting of RSUs granted hereunder, or during the applicable time period(s) set forth in the Non-Competition
Agreement thereafter, the Committee may direct (at any time during such time periods(s)) that all unvested RSUs and all vested but unpaid RSUs shall be immediately forfeited and that the Participant shall pay over to the Company an amount equal to
any gain the Participant realized from any RSUs or any Common Stock paid in connection therewith which had vested in the period(s) referred to above. 

  

	7.	 Provisions of Plan and Guidelines Control. This Agreement is subject to all the terms, conditions
and provisions of the Plan and the Guidelines, including, without limitation, the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan and the Guidelines as may be adopted by the Committee and as may
be in effect from time to time, provided that, it is the express intention of the Company and the Participant that the provisions of the Plan and the Guidelines pertaining to “Detrimental Activity” (as defined in the Guidelines) not apply
to this Agreement, the RSUs granted hereunder, and any Common Stock pain in connection therewith. In all other respects, the Plan and the Guidelines are incorporated herein by reference. A copy of the Plan and the Guidelines have been delivered to
the Participant. If and to the extent that this Agreement conflicts or is inconsistent with the terms, conditions and provisions of the Plan and the Guidelines, the Plan and the Guidelines shall control, and this Agreement shall be deemed to be
modified accordingly (other than, for the avoidance of doubt, with respect to provisions of the Plan and the Guidelines pertaining to Detrimental Activity). Unless otherwise indicated, any capitalized term used but not defined herein shall have the
meaning ascribed to such term in the Plan or the Guidelines. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof (other than any other documents expressly contemplated herein or in the Plan or
the Guidelines) and supersedes any prior agreements between the Company and the Participant. 

 [signature page follows]

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the day and year first above written. 
  

			
	MARKETAXESS HOLDINGS INC.
		
	By:	 	
	Name:	 	
	Title:	 	

  

	
	PARTICIPANT
	
	  

	Name: xxx

  
 -4EX-4.1

 Exhibit 4.1 

MIDAMERICAN ENERGY COMPANY 

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

 
 EIGHTH
SUPPLEMENTAL INDENTURE 
 Dated as of January 9, 2019 
  

 
 ESTABLISHING
AND CREATING 
 3.65% FIRST MORTGAGE BONDS DUE 2029 

4.25% FIRST MORTGAGE BONDS DUE 2049 
  

 

 EIGHTH SUPPLEMENTAL INDENTURE, dated as of January 9, 2019 (herein called the
“Eighth Supplemental Indenture”), between MIDAMERICAN ENERGY COMPANY, a corporation duly organized and existing under the laws of the State of Iowa (herein called the “Company”), 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 of America, as Trustee (herein called the “Trustee”), under the Base Indenture referred to below. Capitalized terms
used but not defined herein shall have the meaning assigned to such term in the Base Indenture. 
 W I T N E S S E T H : 

WHEREAS, the Company has heretofore executed and delivered to the Trustee an indenture dated as of September 9, 2013 as amended by the
first supplemental indenture thereto dated September 19, 2013 (herein called the “Base Indenture”), to provide for the issuance from time to time of its first mortgage bonds, the form and terms of which are to be established as
set forth in Section 2.01 of the Base Indenture; 
 WHEREAS, Section 15.01 of the Base Indenture provides, among other things,
that the Company and the Trustee may enter into indentures supplemental to the Base Indenture for, among other things, the purpose establishing the form and terms of the Bonds (as defined in the Base Indenture) of any series as permitted by
Section 2.01 of the Base Indenture; 
 WHEREAS, the Company desires to create two individual series of its first mortgage bonds upon
the basis of Bondable Property (as defined in the Base Indenture) pursuant to Article III of the Base Indenture in the aggregate principal amounts of (i) $600,000,000 to be designated the “3.65% First Mortgage Bonds due 2029” (the
“2029 Bonds”) and (ii) $900,000,000 to be designated the “4.25% First Mortgage Bonds due 2049” (the “2049 Bonds and, together with the 2029 Bonds, the “Bonds”), and all action on the part of
the Company necessary to authorize the issuance of the Bonds under the Base Indenture and this Eighth Supplemental Indenture has been duly taken; 

WHEREAS, the execution and delivery by the Company of this Eighth Supplemental Indenture, and the terms of the Bonds herein referred to, have
been duly authorized by the Board in or pursuant to appropriate resolutions; and 
 WHEREAS, all acts and things necessary to make the
Bonds, when executed by the Company and authenticated and delivered by the Trustee as provided in the Base Indenture, the valid and binding obligations of the Company and to constitute these presents a valid and binding supplemental indenture and
agreement according to its terms, have been done and performed. 
 NOW, THEREFORE, THIS EIGHTH SUPPLEMENTAL INDENTURE WITNESSETH: 

That in consideration of the premises and of the acceptance and purchase of the Bonds by the holders thereof and of the acceptance of this
trust by the Trustee, the Company covenants and agrees with the Trustee, for the equal benefit of the holders of the Bonds, as follows: 

  
 2 

 ARTICLE I 

DEFINITIONS 
 Unless otherwise
defined herein, the use of the terms and expressions herein is in accordance with the definitions, uses and constructions contained in the Base Indenture and the form of Bonds attached hereto as Exhibits A and B. 

ARTICLE II 
 TERMS AND ISSUANCE OF
THE BONDS 
 Section 2.01. Issue of Bonds. A series of first mortgage bonds, which shall be designated the “3.65% First
Mortgage Bonds due 2029” shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, the terms, conditions and covenants of the Base Indenture and this Eighth Supplemental
Indenture (including the form of 2029 Bonds set forth in Exhibit A). A series of first mortgage bonds, which shall be designated the “4.25% First Mortgage Bonds due 2049” shall be executed, authenticated and delivered in accordance
with the provisions of, and shall in all respects be subject to, the terms, conditions and covenants of the Base Indenture and this Eighth Supplemental Indenture (including the form of 2049 Bonds set forth in Exhibit B). 

Section 2.02. Optional Redemption. Each series of Bonds may be redeemed, in whole or in part, at the option of the Company
pursuant to the terms set forth in Annex 1 to the applicable series of Bonds to be redeemed. The provisions of Article IX of the Base Indenture shall also apply to any optional redemption of Bonds by the Company. 

Section 2.03. Defeasance and Discharge. The provisions of Article XVIII of the Base Indenture shall be applicable to the Bonds.

 Section 2.04. Place of Payment. The Place of Payment in respect of the Bonds will be initially at the Corporate Trust Office
of The Bank of New York Mellon Trust Company, N.A. (which as of the date hereof is located at 2 N. LaSalle Street, Suite 700, Chicago, Illinois 60602, Attention: Corporate Trust Administration). 

Section 2.05. Form of Bonds; Incorporation of Terms. The form of the 2029 Bonds shall be substantially in the form of Exhibit
A, the terms of which are herein incorporated by reference and which are part of this Eighth Supplemental Indenture. The form of the 2049 Bonds shall be substantially in the form of Exhibit B, the terms of which are herein incorporated by
reference and which are part of this Eighth Supplemental Indenture. Each series of Bonds shall be issued in global form as permitted by Section 2.01(c)(xviii) of the Base Indenture. The Bonds issued in global form shall be delivered by the
Trustee to the Depositary, as the Holder thereof, or a nominee or custodian therefor, to be held by or on behalf of the Depositary in accordance with the Base Indenture. 

Section 2.06. Exchange of the Bonds Issued in Global Form. Each series of Bonds issued in global form shall be exchangeable for
definitive Bonds of such series only as provided in Section 2.06 of the Base Indenture. 

  
 3 

 Section 2.07. Regular Record Date for the Bonds. The Regular Record Date for the
2029 Bonds shall be the April 1 or October 1 (whether or not a Business Day) immediately prior to each Interest Payment Date for such series. The Regular Record Date for the 2049 Bonds shall be the July 1 or January 1 (whether or
not a Business Day) immediately prior to each Interest Payment Date for such series. 
 Section 2.08. Authorized Denominations.
Beneficial interests in each series of Bonds issued in global form, as well as definitive Bonds of each series, may be held only in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

Section 2.09. Additional Bonds. The Company may from time to time, without the consent of the Holders of the Bonds of the
applicable series, create and issue further securities having the same terms and conditions as the Bonds of such series in all respects, except for the original issue date, offering price and, in some circumstances, the initial interest accrual date
and initial interest payment date. Additional Bonds of each series issued in this manner will be consolidated with, and form a single series with, the Bonds of such series and shall thereafter be deemed Bonds of such series for all purposes. 

ARTICLE III 
 DEPOSITARY 

Section 3.01. Depositary. The Depository Trust Company and its successors are hereby appointed Depositary with respect to the
Bonds issued in global form of each series. 
 ARTICLE IV 

MISCELLANEOUS 
 Section 4.01.
Execution as Supplemental Indenture. This Eighth Supplemental Indenture is executed and shall be construed as an indenture supplemental to the Base Indenture and, as provided in the Base Indenture, this Eighth Supplemental Indenture forms a
part thereof. 
 Section 4.02. Effect of Headings. The Article and Section headings herein are for convenience only and shall
not affect the construction hereof. 
 Section 4.03. Successors and Assigns. All covenants and agreements contained in this
Eighth Supplemental Indenture made by the Company shall bind its successors and assigns, whether so expressed or not. 
 Section 4.04.
Separability Clause. In case any provision in this Eighth Supplemental Indenture or in the Bonds shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be
affected or impaired thereby. 
 Section 4.05. Benefits of Eighth Supplemental Indenture. Nothing in this Eighth Supplemental
Indenture or in the Bonds, express or implied, shall give to any person, other than the parties hereto and their successors hereunder and the Holders of the Bonds, any benefit or any legal or equitable right, remedy or claim under this Eighth
Supplemental Indenture. 

  
 4 

 Section 4.06. Execution and Counterparts. This Eighth Supplemental Indenture may
be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 4.07. Trustee Not Responsible for Recitals. The recitals herein contained are made by the Company and not by the Trustee,
and the Trustee assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Eighth Supplemental Indenture or of the Bonds. The Trustee shall not be accountable for the use or
application by the Company of the Bonds or the proceeds thereof. 
 Section 4.08. Governing Law. This Eighth Supplemental
Indenture and the Bonds shall be governed by and construed in accordance with the law of the State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any
successor to such statute), except to the extent that the TIA, shall be applicable and except to the extent that the law of any jurisdiction wherein any portion of the Mortgaged Property is located shall mandatorily govern the creation of a mortgage
lien on and security interest in, or perfection, priority or enforcement of the Lien of the Mortgage or exercise of remedies with respect to, such portion of the Mortgaged Property. 

[SIGNATURE PAGE FOLLOWS] 

  
 5 

 IN WITNESS WHEREOF, the parties hereof have caused this Eighth Supplemental Indenture to be
duly executed by their respective officers or directors duly authorized thereto, all as of the day and year first above written. 
  

			
	MIDAMERICAN ENERGY COMPANY
		
	By:	 	 /s/ James C. Galt

		 	Name: James C. Galt
		 	Title:   Treasurer
	
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as Trustee

		
	By:	 	 /s/ R. Tarnas

		 	Name: R. Tarnas
		 	Title:   Vice President

 [EIGHTH SUPPLEMENTAL INDENTURE] 

 EXHIBIT A 

Form of 3.65% First Mortgage Bonds due 2029 

					
	REGISTERED	  		  	No.                 

 ILL.C.C. No. 6744 ($                
issued pursuant to Illinois Commerce Commission Docket No. 17-0340) 
 MIDAMERICAN ENERGY
COMPANY 
  
  

3.65% First Mortgage Bond due 2029 
  

 
 Unless this
certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company (as defined below) or its agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co., or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 

The following summary of terms is subject to the provisions set forth below: 

CUSIP: 595620AT2 
 ORIGINAL ISSUE
DATE: January 9, 2019 
 PRINCIPAL AMOUNT:
$                 
 MATURITY DATE: April 15, 2029
(“Maturity”) 
 INTEREST RATE: 3.65% 

INTEREST PAYMENT DATES: April 15 and October 15, commencing April 15, 2019. 

RECORD DATES: April 1 and October 1. 

OPTIONAL REDEMPTION: ☒  Yes        ☐  No 

MidAmerican Energy Company, an Iowa corporation (herein called the “Company”, which term includes any successor Person under the
Indenture referred to on the reverse hereof), for value received, hereby promises to pay to CEDE & CO. or registered assigns the principal amount of
                 ($                ), in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts, on the Maturity Date specified above and to pay interest thereon, in such coin or currency, from and including the Original Issue Date specified above, or
from and including the most recent Interest Payment Date specified above to which interest has been paid or duly provided for, as the case may be. Interest shall be paid in arrears semiannually on each Interest Payment Date in each year commencing
on April 15, 2019, at the per annum Interest Rate set forth above until Maturity and the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will,
as provided in the Indenture, be paid to the Person in whose name this global Bond is registered at the close of business on the Record Date specified above (whether or not a Business Day) next preceding

 
such Interest Payment Date; provided, however, that interest payable on the Maturity Date or, if applicable, upon redemption, shall be payable to the Person to whom principal shall
be payable. Payment of the principal of and any premium and interest on this global Bond shall be made on or before 10:30 a.m., New York City time or such other time as shall be agreed upon between the Trustee and the Depositary, of the day on which
such payment is due, by wire transfer into the account specified by the Depositary; provided, however, that as a condition to the payment at the Maturity Date or upon redemption of any part of the principal of and any applicable
premium on this global Bond, the Depositary shall surrender, or cause to be surrendered, this global Bond to the Trustee. The Company will pay any administrative costs imposed by banks in connection with making payments by wire transfer, but not any
tax or other governmental charge imposed on the Holder of this global Bond. 
 Under certain circumstances, this global Bond is exchangeable
in whole or from time to time in part for a definitive individual Bond or Bonds, with the same Original Issue Date, Maturity Date, Interest Rate and redemption and other provisions as provided herein or in the Indenture. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS GLOBAL BOND SET FORTH IN FULL ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL
FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH IN FULL AT THIS PLACE. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this global Bond shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 ii 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: January 9, 2019 
  

			
	MIDAMERICAN ENERGY COMPANY
		
	By:	 	
                     
                        

		 	Name: James C. Galt
		 	Title:   Treasurer

  

			
	Attest:
		
	By:	 	
                     
                

		 	Name: Jeffrey B. Erb
		 	Title:   Assistant Secretary

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	
                     
            

		 	Name: R. Tarnas
		 	Authorized Signatory

 [REVERSE OF NOTE] 

MIDAMERICAN ENERGY COMPANY 

3.65% First Mortgage Bond due 2029 

This global Bond is one of, and a global security which represents Bonds which are part of, the duly authorized 3.65% First Mortgage Bonds due
2029 of the Company (herein called the “Bonds”), issued under an Indenture dated as of September 9, 2013, as amended and supplemented (herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust
Company, N.A., as Trustee (herein called the “Trustee,” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders, and of the terms upon which the Bonds are, and are to be, authenticated and delivered. 

Interest on this global Bond will be payable on the Interest Payment Date or Interest Payment Dates as specified on the face hereof and, in
either case, at Maturity. Unless otherwise specified on the face hereof, payments on this global Bond with respect to any particular Interest Payment Date, redemption date or the Maturity Date will include interest accrued from and including the
applicable Original Issue Date, or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, to but excluding the particular Interest Payment Date, redemption date or the Maturity Date. Interest
on this global Bond will be computed and paid on the basis of a 360-day year of twelve 30-day months. 

All percentages resulting from any calculation with respect to this global Bond 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) and all dollar amounts used in or resulting from any such calculation with respect to this global Bond
will be rounded to the nearest cent (with one-half cent being rounded upward). 
 “Business
Day” means, unless otherwise specified on the face hereof, any Monday, Tuesday, Wednesday, Thursday or Friday that in the City of New York, New York is not a day on which banking institutions are authorized or obligated by law or executive
order to close. In any case when any Interest Payment Date, redemption date, or Maturity Date of any Bond shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of the Indenture or of the Bonds) payment of
interest or principal (and premium, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, redemption date or at the Maturity Date, provided
that no interest shall accrue for the period from and after such Interest Payment Date, redemption date or Maturity Date, as the case may be. 

This global Bond is secured under the Company’s Mortgage, Security Agreement, Fixture Filing and Financing Statement between the Company
and The Bank of New York Mellon Trust Company, N.A., as amended and supplemented from time to time (the “Mortgage”). Reference is made to the Mortgage for a description of the property mortgaged and pledged and the nature and extent of the
security and to the Intercreditor and Collateral Trust Agreement among the Company, the Trustee and The Bank of New York Mellon Trust 

 
Company, N.A., as collateral trustee, and the Indenture for the rights of the holders of the Bonds and of the Trustee in respect thereof. Reference is made to the Indenture and the Mortgage for
the terms and conditions upon which the Bonds are secured and the circumstances under which additional bonds may be issued. 
 This global
Bond will be subject to redemption at the option of the Company on any date in whole or from time to time in part in increments of $2,000 or integral multiples of $1,000 in excess thereof, at the redemption prices specified in an annex attached to
this global Bond, plus accrued interest on the principal amount thereof to be redeemed to the redemption date, but payments due with respect to this global Bond prior to the redemption date will be paid to the Person in whose name this global Bond
is registered at the close of business on the relevant Record Date specified on the face hereof, all as provided in the Indenture. The Company may exercise such option by causing the Trustee to transmit a notice of such redemption, not less than 30
nor more than 60 days prior to the redemption date, in accordance with the provisions of the Indenture. In the event of redemption of this global Bond in part only, this global Bond will be cancelled and a new global Bond representing the unredeemed
portion hereof will be issued in the name of the Holder hereof. This global Bond is not subject to a sinking fund. 
 The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders to be affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in principal amount of the Outstanding Bonds of all series that would be affected thereby. The Indenture also provides that the Holders of not less than a majority in principal amount of the
Outstanding Bonds of all affected series may on behalf of the Holders of all Bonds of such series waive certain existing Events of Default and their consequences. Any such consent or waiver of the Holder of any Bond shall bind every future Holder of
the same Bond and the Holder of every Bond issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Bond. 
 As set forth in, and subject to, the provisions and limitations set forth
in the Indenture, the Holders of at least a majority in principal amount of the Outstanding Bonds of all series shall have any right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee. 
 THIS GLOBAL BOND IS A GLOBAL BOND REGISTERED IN THE NAME OF THE DEPOSITARY OR A
NOMINEE THEREOF AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

  
 ii 

 If at any time the Depositary for this global Bond notifies the Company that it is unwilling
or unable to continue as Depositary for this global Bond or if at any time the Depositary for this global Bond shall no longer be registered or in good standing under the Securities Exchange Act of 1934, as amended, or other applicable statute or
regulation, the Company shall appoint a successor Depositary with respect to this global Bond. If a successor Depositary for this global Bond is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of
such condition, the Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Bonds of this series, shall authenticate and deliver Bonds of this series in definitive form in an
aggregate principal amount equal to the principal amount of this global Bond in exchange for this global Bond. 
 The Company may at any
time and in its sole discretion and subject to the procedures of the Depositary determine that the Bonds of this series shall no longer be represented by a global Bond. In such event the Company shall execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive Bonds of this series, shall authenticate and deliver, Bonds of this series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal
amount equal to the principal amount of this global Bond, in exchange for this global Bond. 
 The Company may from time to time, without
the consent of Holders of the Bonds, create and issue further Bonds having the same terms and conditions as the Bonds in all respects, except for the Original Issue Date, issue price and, in some circumstances, the initial interest accrual date and
initial interest payment date. Additional Bonds issued in this manner will be consolidated with, and form a single series with, the Bonds and shall thereafter be deemed Bonds for all purposes. 

No reference herein to the Indenture and no provision of this global Bond or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this global Bond at the times, places and rate, and in the coin or currency, herein prescribed. 

The Indenture contains provisions for the satisfaction and discharge of the Indenture upon compliance by the Company with certain conditions
specified therein, which provisions apply to this global Bond. 
 The Indenture contains provisions for the defeasance and discharge of the
Indenture upon compliance by the Company with certain conditions specified therein, which provisions apply to this global Bond. 
 The
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this global Bond is registered as the owner of this global Bond for the purpose of receiving payment of principal of (and premium, if any) and
interest on this global Bond and for all other purposes whatsoever, whether or not this global Bond be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
 iii 

 The Indenture and the Bonds are governed by and construed in accordance with the law of the
State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the TIA shall be applicable and except
to the extent that the law of any jurisdiction wherein any portion of the Mortgaged Property is located shall mandatorily govern the creation of a mortgage lien on and security interest in, or perfection, priority or enforcement of the Lien of the
Mortgage or exercise of remedies with respect to, such portion of the Mortgaged Property. 
 All terms used in this global Bond which are
defined in the Indenture but are not defined in this global Bond shall have the meanings assigned to them in the Indenture. 

  
 iv 

 ANNEX 1 

OPTIONAL REDEMPTION PROVISIONS 

The Bonds will be redeemable, in whole or in part, at the Company’s option at any time or from time to time prior to maturity. Prior to
January 15, 2029 (the “2029 Par Call Date”), the Bonds will be redeemable, in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the Bonds being redeemed
and (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Bonds being redeemed that would be due if the Maturity Date of such Bonds were the 2029 Par Call
Date (not including any portion of any payments of interest accrued to, but not including, the redemption date), discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate, plus 15 basis points (the “2029 Make-Whole Amount”); plus, in either case, accrued and unpaid interest on the principal amount of the Bonds being redeemed
to the redemption date. 
 On or after the 2029 Par Call Date, the Bonds will be redeemable at a redemption price equal to 100% of the
principal amount of the Bonds being redeemed, plus accrued and unpaid interest on the principal amount of the Bonds being redeemed to the redemption date. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term of the Bonds to be redeemed (assuming that the Bonds matured on the 2029 Par Call Date) 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 the Bonds. 
 “Independent Investment Banker”
means an investment banking institution of international standing appointed by the Company. 
 “Quotation Agent” means the
Reference Treasury Dealer. 
 “Reference Treasury Dealer” means a primary United States government securities dealer in New York
City appointed by the Company. 
 “Reference Treasury Dealer Quotation” means, with respect to the Reference Treasury Dealer and
any redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City preceding such redemption date). 
 “Treasury Rate” means
the rate per annum equal to the semi-annual equivalent or interpolated (on a day-count basis) yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to the Reference Treasury Dealer Quotation for that redemption date. 

  
 v 

 Notice of any redemption will be transmitted (or as long as the Bonds are represented by one
or more global Bonds, transmitted in accordance with DTC’s standard procedures therefor) at least 30 days but not more than 60 days before the redemption date to each holder of the Bonds to be redeemed. If, at the time notice of redemption is
given, the redemption moneys are not held by the Trustee, the redemption may be made subject to their receipt on or before the redemption date and such notice shall be of no effect unless such moneys are so received. Upon payment of the redemption
price, on and after the redemption date interest will cease to accrue on the Bonds or portions thereof called for redemption. 
 The Company
shall give the Trustee notice of the redemption price with respect to a redemption pursuant to the first paragraph of this Annex 1 promptly after the calculation thereof and the Trustee shall not be responsible for such calculation. 

  
 vi 

 ABBREVIATIONS 

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

					
	                    	 	TEN COM –	  	as tenants in common
			
		 	TEN ENT –	  	as tenants by the entireties
			
		 	JT TEN –	  	as joint tenants with right of survivorship and not as tenants in common
			
		 	UNIT GIFT MIN ACT –        	  	_________________ (Cust) Custodian
			
		 		  	_________________ (Minor) under Uniform
			
		 		  	Gifts to Minors Act
			
		 		  	                                      
                                         
     
			
		 		  	                                    
(State)

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

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

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 

 

                       
                                      

 

                       
                                      

 
  

Please print or typewrite name and address 

including postal zip code of assignee 
  

 
 the within Bond and all rights thereunder, hereby
irrevocably constituting and appointing                      attorney to transfer said Bond on the books of the Company, with full power of
substitution in the premises. 
 Dated: ____________________ 
  

	
	  
 NOTICE: The signature to this
assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatever. The signature must be guaranteed by a commercial bank, a trust company or a
member of the New York Stock Exchange.

  
 vii 

 EXHIBIT B 

Form of 4.25% First Mortgage Bonds due 2049 

					
	REGISTERED	  		  	No.                     

 ILL.C.C. No. 6745 ($             issued pursuant to Illinois
Commerce Commission Docket No. 17-0340) 
 ILL.C.C. No. 6731
($             issued pursuant to Illinois Commerce Commission Docket No. 17-0323) 

MIDAMERICAN ENERGY COMPANY 
  

 
 4.25% First
Mortgage Bond due 2049 
  
  

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company (as defined below) or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co., or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
 The following summary of terms is subject to the
provisions set forth below: 
 CUSIP: 595620AU9 

ORIGINAL ISSUE DATE: January 9, 2019 

PRINCIPAL AMOUNT: $                 

MATURITY DATE: July 15, 2049 (“Maturity”) 

INTEREST RATE: 4.25% 
 INTEREST
PAYMENT DATES: July 15 and January 15, commencing July 15, 2019. 
 RECORD DATES: July 1 and January 1. 

OPTIONAL REDEMPTION: ☒  Yes        ☐  No 

MidAmerican Energy Company, an Iowa corporation (herein called the “Company”, which term includes any successor Person under the
Indenture referred to on the reverse hereof), for value received, hereby promises to pay to CEDE & CO. or registered assigns the principal amount of
                     ($                    ), in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, on the Maturity Date specified above and to pay interest thereon, in such coin or currency, from and including
the Original Issue Date specified above, or from and including the most recent Interest Payment Date specified above to which interest has been paid or duly provided for, as the case may be. Interest shall be paid in arrears semiannually on each
Interest Payment Date in each year commencing on July 15, 2019, at the per annum Interest Rate set forth above until Maturity and the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly
provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this global Bond is registered at the close of business on the Record Date specified above (whether or not a Business Day) next
preceding 

 
such Interest Payment Date; provided, however, that interest payable on the Maturity Date or, if applicable, upon redemption, shall be payable to the Person to whom principal shall
be payable. Payment of the principal of and any premium and interest on this global Bond shall be made on or before 10:30 a.m., New York City time or such other time as shall be agreed upon between the Trustee and the Depositary, of the day on which
such payment is due, by wire transfer into the account specified by the Depositary; provided, however, that as a condition to the payment at the Maturity Date or upon redemption of any part of the principal of and any applicable
premium on this global Bond, the Depositary shall surrender, or cause to be surrendered, this global Bond to the Trustee. The Company will pay any administrative costs imposed by banks in connection with making payments by wire transfer, but not any
tax or other governmental charge imposed on the Holder of this global Bond. 
 Under certain circumstances, this global Bond is exchangeable
in whole or from time to time in part for a definitive individual Bond or Bonds, with the same Original Issue Date, Maturity Date, Interest Rate and redemption and other provisions as provided herein or in the Indenture. 

REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS GLOBAL BOND SET FORTH IN FULL ON THE REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL
FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH IN FULL AT THIS PLACE. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to on the reverse hereof, directly or through an Authenticating Agent, by manual signature of an authorized signatory, this global Bond shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose. 

  
 ii 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: January 9, 2019 
  

			
	MIDAMERICAN ENERGY COMPANY
		
	By:	 	  

		 	Name: James C. Galt
		 	Title: Treasurer

  

			
	Attest:
		
	By:	 	  

		 	Name: Jeffrey B. Erb
		 	Title: Assistant Secretary

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	  

		 	Name: R. Tarnas
		 	Authorized Signatory

 [REVERSE OF NOTE] 

MIDAMERICAN ENERGY COMPANY 

4.25% First Mortgage Bond due 2049 

This global Bond is one of, and a global security which represents Bonds which are part of, the duly authorized 4.25% First Mortgage Bonds due
2049 of the Company (herein called the “Bonds”), issued under an Indenture dated as of September 9, 2013, as amended and supplemented (herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust
Company, N.A., as Trustee (herein called the “Trustee,” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders, and of the terms upon which the Bonds are, and are to be, authenticated and delivered. 

Interest on this global Bond will be payable on the Interest Payment Date or Interest Payment Dates as specified on the face hereof and, in
either case, at Maturity. Unless otherwise specified on the face hereof, payments on this global Bond with respect to any particular Interest Payment Date, redemption date or the Maturity Date will include interest accrued from and including the
applicable Original Issue Date, or from and including the most recent Interest Payment Date to which interest has been paid or duly provided for, to but excluding the particular Interest Payment Date, redemption date or the Maturity Date. Interest
on this global Bond will be computed and paid on the basis of a 360-day year of twelve 30-day months. 

All percentages resulting from any calculation with respect to this global Bond 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) and all dollar amounts used in or resulting from any such calculation with respect to this global Bond
will be rounded to the nearest cent (with one-half cent being rounded upward). 
 “Business
Day” means, unless otherwise specified on the face hereof, any Monday, Tuesday, Wednesday, Thursday or Friday that in the City of New York, New York is not a day on which banking institutions are authorized or obligated by law or executive
order to close. In any case when any Interest Payment Date, redemption date, or Maturity Date of any Bond shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of the Indenture or of the Bonds) payment of
interest or principal (and premium, if any) need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest Payment Date, redemption date or at the Maturity Date, provided
that no interest shall accrue for the period from and after such Interest Payment Date, redemption date or Maturity Date, as the case may be. 

This global Bond is secured under the Company’s Mortgage, Security Agreement, Fixture Filing and Financing Statement between the Company
and The Bank of New York Mellon Trust Company, N.A., as amended and supplemented from time to time (the “Mortgage”). Reference is made to the Mortgage for a description of the property mortgaged and pledged and the nature and extent of the
security and to the Intercreditor and Collateral Trust Agreement among the Company, the Trustee and The Bank of New York Mellon Trust 

 
Company, N.A., as collateral trustee, and the Indenture for the rights of the holders of the Bonds and of the Trustee in respect thereof. Reference is made to the Indenture and the Mortgage for
the terms and conditions upon which the Bonds are secured and the circumstances under which additional bonds may be issued. 
 This global
Bond will be subject to redemption at the option of the Company on any date in whole or from time to time in part in increments of $2,000 or integral multiples of $1,000 in excess thereof, at the redemption prices specified in an annex attached to
this global Bond, plus accrued interest on the principal amount thereof to be redeemed to the redemption date, but payments due with respect to this global Bond prior to the redemption date will be paid to the Person in whose name this global Bond
is registered at the close of business on the relevant Record Date specified on the face hereof, all as provided in the Indenture. The Company may exercise such option by causing the Trustee to transmit a notice of such redemption, not less than 30
nor more than 60 days prior to the redemption date, in accordance with the provisions of the Indenture. In the event of redemption of this global Bond in part only, this global Bond will be cancelled and a new global Bond representing the unredeemed
portion hereof will be issued in the name of the Holder hereof. This global Bond is not subject to a sinking fund. 
 The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders to be affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of not less than a majority in principal amount of the Outstanding Bonds of all series that would be affected thereby. The Indenture also provides that the Holders of not less than a majority in principal amount of the
Outstanding Bonds of all affected series may on behalf of the Holders of all Bonds of such series waive certain existing Events of Default and their consequences. Any such consent or waiver of the Holder of any Bond shall bind every future Holder of
the same Bond and the Holder of every Bond issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee or the Company in reliance thereon,
whether or not notation of such action is made upon such Bond. 
 As set forth in, and subject to, the provisions and limitations set forth
in the Indenture, the Holders of at least a majority in principal amount of the Outstanding Bonds of all series shall have any right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or
exercising any trust or power conferred on the Trustee. 
 THIS GLOBAL BOND IS A GLOBAL BOND REGISTERED IN THE NAME OF THE DEPOSITARY OR A
NOMINEE THEREOF AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

  
 ii 

 If at any time the Depositary for this global Bond notifies the Company that it is unwilling
or unable to continue as Depositary for this global Bond or if at any time the Depositary for this global Bond shall no longer be registered or in good standing under the Securities Exchange Act of 1934, as amended, or other applicable statute or
regulation, the Company shall appoint a successor Depositary with respect to this global Bond. If a successor Depositary for this global Bond is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of
such condition, the Company shall execute, and the Trustee, upon receipt of a Company Order for the authentication and delivery of definitive Bonds of this series, shall authenticate and deliver Bonds of this series in definitive form in an
aggregate principal amount equal to the principal amount of this global Bond in exchange for this global Bond. 
 The Company may at any
time and in its sole discretion and subject to the procedures of the Depositary determine that the Bonds of this series shall no longer be represented by a global Bond. In such event the Company shall execute, and the Trustee, upon receipt of a
Company Order for the authentication and delivery of definitive Bonds of this series, shall authenticate and deliver, Bonds of this series in definitive registered form without coupons, in any authorized denominations, in an aggregate principal
amount equal to the principal amount of this global Bond, in exchange for this global Bond. 
 The Company may from time to time, without
the consent of Holders of the Bonds, create and issue further Bonds having the same terms and conditions as the Bonds in all respects, except for the Original Issue Date, issue price and, in some circumstances, the initial interest accrual date and
initial interest payment date. Additional Bonds issued in this manner will be consolidated with, and form a single series with, the Bonds and shall thereafter be deemed Bonds for all purposes. 

No reference herein to the Indenture and no provision of this global Bond or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this global Bond at the times, places and rate, and in the coin or currency, herein prescribed. 

The Indenture contains provisions for the satisfaction and discharge of the Indenture upon compliance by the Company with certain conditions
specified therein, which provisions apply to this global Bond. 
 The Indenture contains provisions for the defeasance and discharge of the
Indenture upon compliance by the Company with certain conditions specified therein, which provisions apply to this global Bond. 
 The
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this global Bond is registered as the owner of this global Bond for the purpose of receiving payment of principal of (and premium, if any) and
interest on this global Bond and for all other purposes whatsoever, whether or not this global Bond be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

  
 iii 

 The Indenture and the Bonds are governed by and construed in accordance with the law of the
State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the TIA shall be applicable and except
to the extent that the law of any jurisdiction wherein any portion of the Mortgaged Property is located shall mandatorily govern the creation of a mortgage lien on and security interest in, or perfection, priority or enforcement of the Lien of the
Mortgage or exercise of remedies with respect to, such portion of the Mortgaged Property. 
 All terms used in this global Bond which are
defined in the Indenture but are not defined in this global Bond shall have the meanings assigned to them in the Indenture. 

  
 iv 

 ANNEX 1 

OPTIONAL REDEMPTION PROVISIONS 

The Bonds will be redeemable, in whole or in part, at the Company’s option at any time or from time to time prior to maturity. Prior to
January 15, 2049 (the “2049 Par Call Date”), the Bonds will be redeemable, in whole at any time or in part from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the Bonds being redeemed
and (ii) as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Bonds being redeemed that would be due if the Maturity Date of such Bonds were the 2049 Par Call
Date (not including any portion of any payments of interest accrued to, but not including, the redemption date), discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate, plus 20 basis points (the “2049 Make-Whole Amount”); plus, in either case, accrued and unpaid interest on the principal amount of the Bonds being redeemed
to the redemption date. 
 On or after the 2049 Par Call Date, the Bonds will be redeemable at a redemption price equal to 100% of the
principal amount of the Bonds being redeemed, plus accrued and unpaid interest on the principal amount of the Bonds being redeemed to the redemption date. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term of the Bonds to be redeemed (assuming that the Bonds matured on the 2049 Par Call Date) 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 the Bonds. 
 “Independent Investment Banker”
means an investment banking institution of international standing appointed by the Company. 
 “Quotation Agent” means the
Reference Treasury Dealer. 
 “Reference Treasury Dealer” means a primary United States government securities dealer in New York
City appointed by the Company. 
 “Reference Treasury Dealer Quotation” means, with respect to the Reference Treasury Dealer and
any redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount and quoted in writing to the Company by such Reference
Treasury Dealer at 5:00 p.m. on the third Business Day in New York City preceding such redemption date). 
 “Treasury Rate” means
the rate per annum equal to the semi-annual equivalent or interpolated (on a day-count basis) yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to the Reference Treasury Dealer Quotation for that redemption date. 

  
 v 

 Notice of any redemption will be transmitted (or as long as the Bonds are represented by one
or more global Bonds, transmitted in accordance with DTC’s standard procedures therefor) at least 30 days but not more than 60 days before the redemption date to each holder of the Bonds to be redeemed. If, at the time notice of redemption is
given, the redemption moneys are not held by the Trustee, the redemption may be made subject to their receipt on or before the redemption date and such notice shall be of no effect unless such moneys are so received. Upon payment of the redemption
price, on and after the redemption date interest will cease to accrue on the Bonds or portions thereof called for redemption. 
 The Company
shall give the Trustee notice of the redemption price with respect to a redemption pursuant to the first paragraph of this Annex 1 promptly after the calculation thereof and the Trustee shall not be responsible for such calculation. 

  
 vi 

 ABBREVIATIONS 

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

					
	                    	 	TEN COM –	  	as tenants in common
			
		 	TEN ENT –	  	as tenants by the entireties
			
		 	JT TEN –	  	as joint tenants with right of survivorship and not as tenants in common
			
		 	UNIT GIFT MIN ACT –	  	_________________ (Cust) Custodian
			
		 		  	_________________ (Minor) under Uniform
			
		 		  	Gifts to Minors Act
			
		 		  	                                      
                                         
     
		 		  	                                    
(State)

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

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

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE: 

 

					
	  
	  		  	
			
	  
	  		  	

  
  

Please print or typewrite name and address 

including postal zip code of assignee 
  

 
 the within Bond and all rights thereunder, hereby
irrevocably constituting and appointing                      attorney to transfer said Bond on the books of the Company, with full power of
substitution in the premises. 
 Dated:
                                        

  

			
		  	  

		  	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatever. The signature must be guaranteed
by a commercial bank, a trust company or a member of the New York Stock Exchange.

  
 vii

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