Document:

Agreement

 Exhibit 10.2 

AGREEMENT 

This Agreement, dated as of September 19, 2010, is by and among Hot Topic, Inc., a California corporation (the “Company”), and the
individuals and entities that are signatories hereto (collectively, the “Shareholder Group”). 
 WHEREAS, the Company and the
Shareholder Group have determined that the interests of the Company and its shareholders would be best served by adding Steven R. Becker, an individual resident of Texas (“Becker”) and Matthew A. Drapkin, an individual resident of New York
(“Drapkin”) to the Company’s Board of Directors on the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in
consideration of the foregoing premises and the respective representations, warranties, covenants, agreements and conditions hereinafter set forth, and intending to be legally bound hereby, the parties hereby agree as follows: 

1. Representations and Warranties of the Company. The Company represents and warrants as follows as of the date hereof: 

(a) The Company has the corporate power and authority to execute, deliver and carry out the terms and provisions of this Agreement
and to consummate the transactions contemplated hereby. 
 (b) This Agreement has been duly and validly authorized,
executed and delivered by the Company, constitutes a valid and binding obligation and agreement of the Company, and is enforceable against the Company in accordance with its terms, except as enforcement thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or similar laws affecting the rights of creditors and subject to general equity principles. 

(c) The execution, delivery and performance of this Agreement by the Company does not and will not (i) violate or conflict with
any law, rule, regulation, order, judgment or decree applicable to it, or (ii) result in any material breach or violation of or constitute a material default (or an event which with notice or lapse of time or both could become a material
default) under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration or cancellation of, any organizational document, agreement, contract, commitment, understanding or
arrangement to which the Company is a party or by which it is bound. 
 2. Representations and Warranties of the Shareholder Group.
Each of the members of the Shareholder Group severally, and not jointly, represents and warrants with respect to himself or itself as follows as of the date hereof: 

(a) Such party has the power and authority to execute, deliver and carry out the terms and provisions of this Agreement and to
consummate the transactions contemplated hereby. Such party, if an entity, has the corporate, limited partnership or limited liability company power and authority, as applicable, to execute, deliver and carry out the terms and provisions of this
Agreement and to consummate the transactions contemplated hereby. 

 (b) This Agreement has been duly and validly authorized, executed, and delivered by
such party, constitutes a valid and binding obligation and agreement of such party, and is enforceable against such party in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium, fraudulent conveyance or similar laws affecting the rights of creditors and subject to general equity principles. 

(c) As of the date thereof, such party was the “beneficial owner” of a number of shares of Common Stock (as defined below)
as set forth on the cover page relating to such party in the Schedule 13D filed by Carlson Capital, L.P. with the Securities and Exchange Commission (the “SEC”) on September 2, 2010 (the “Schedule 13D”). As of the date
hereof, the members of the Shareholder Group own in the aggregate 1,764,800 shares of Common Stock. Except for those Affiliates and Associates of such member with respect to whom a cover page is included in the Schedule 13D, no other Affiliate or
Associate of such member beneficially owns any shares of Common Stock. 
 (d) The execution, delivery and performance of
this Agreement by such party does not and will not (i) violate or conflict with any law, rule, regulation, order, judgment or decree applicable to him or it, or (ii) result in any material breach or violation of or constitute a material
default (or an event which with notice or lapse of time or both could become a material default) under or pursuant to, or result in the loss of a material benefit under, or give any right of termination, amendment, acceleration or cancellation of,
any organizational document, agreement, contract, commitment, understanding or arrangement to which he or it is a party or by which he or it is bound. 

3. Definitions. For purposes of this Agreement: 

(a) The terms “Affiliate” and “Associate” have the respective meanings set forth in Rule 12b-2 promulgated
by the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), provided that neither “Affiliate” nor “Associate” shall include (i) any person that is a publicly held concern and is otherwise
an Affiliate or Associate by reason of the fact that a principal of any member of the Shareholder Group serves as a member of the board of directors or similar governing body of such concern, (ii) such member of the board of directors or other
similar governing body of such concern or (iii) any entity which is an Associate solely by reason of clause (1) of the definition of Associate in Rule 12b-2; the terms “beneficial owner” and “beneficial ownership” shall
have the respective meanings as set forth in Rule 13d-3 promulgated by the SEC under the Exchange Act; and the terms “person” or “persons” shall mean any individual, corporation (including not-for-profit), general or limited
partnership, limited liability company, joint venture, estate, trust, association, organization or other entity of any kind or nature. 

(b) “Board” means the Board of Directors of the Company. 

 (c) “Common Stock” means the Common Stock of the Company, with no par value.

 (d) “Standstill Period” means the period from the date hereof until the earlier of: 

(i) the date on which the Governance and Nominating Committee notifies the Shareholder Group that it has provided notice to either Becker
or Drapkin pursuant to Section 4(f) below that it has not resolved to nominate either of Becker and Drapkin for election to the Board at Company’s 2012 Annual Meeting of Shareholders (the “2012 Annual Meeting”); 

(ii) the two year anniversary of the date hereof; or 

(iii) such date, if any, as the Company has materially breached any of its representations, warranties, commitments or obligations set
forth in Sections 1, 4(a), 4(b), 4(e), and 4(f) of this Agreement (the “Principal Obligations”). 
 4. Election of Becker and
Drapkin; Related Matters. 
 (a) As soon as reasonably practicable but in any event within ten business days from the
date hereof (the “Appointment Date”): 
 (i) In accordance with the Company’s Amended and Restated Articles
of Incorporation and Amended and Restated Bylaws, the Board shall have, if required to meet its other obligations pursuant to this Agreement, adopted a resolution increasing the size of the Board by two directors, to a total of nine directors,
effective as of the Appointment Date; 
 (ii) In accordance with the Company’s Amended and Restated Articles of
Incorporation and Amended and Restated Bylaws, the Board shall have appointed Becker and Drapkin as directors of the Company, effective as of the Appointment Date, to serve as members of the Board until the Company’s 2011 Annual Meeting of
Shareholders (the “2011 Annual Meeting”) and until their successors are duly elected and qualified; and 
 (iii) The
Board shall adopt a resolution appointing one of Becker or Drapkin to serve as a member of the Compensation Committee and appoint the other of Becker or Drapkin to serve as a member of the Governance and Nominating Committee, effective as of the
Appointment Date, and each of Becker and Drapkin shall continue to serve on the applicable Committee so long as he continues to be a member of the Board. 

(b) The Board and the Governance and Nominating Committee shall nominate Becker and Drapkin for election as directors at the 2011 Annual
Meeting. The Company agrees to recommend that the Company’s shareholders vote, and shall solicit proxies, in favor of the election of each of Becker and Drapkin at such meeting and otherwise support Becker and Drapkin for election in a manner
no less rigorous and favorable than the manner in which the Company supports its other nominees. 

 (c) The members of the Shareholder Group shall promptly file an amendment to the
Schedule 13D reporting the entry into this agreement, amending applicable items to conform to their obligations hereunder and appending or incorporating by reference this Agreement as an exhibit thereto. Such amendment shall also reflect the
termination of the “group” pursuant to Rule 13d–5(b)(1) promulgated under the Exchange Act, consisting of Carlson Capital, L.P. and certain of its affiliates and Becker Drapkin Management, L.P. and certain of its affiliates (the
“Becker Drapkin Group”). Such members of the Shareholder Group shall provide to the Company a reasonable opportunity to review and comment on such amendments in advance of filing, and shall consider in good faith the reasonable and timely
comments of the Company. 
 (d) So long as the Company has complied and is complying with the Principal Obligations, each
member of the Shareholder Group shall cause all shares of Common Stock owned of record and shall instruct the record owner, in case of all shares of Common Stock beneficially owned but not of record, by it and their respective Affiliates, as of the
record date for the 2011 Annual Meeting, to be present for quorum purposes and to be voted, and shall cause all shares of Common Stock held by their respective Associates to be present for quorum purposes and to be voted, in favor of all directors
nominated by the Board for election at the 2011 Annual Meeting; provided such directors nominated by the Board are either current members of the Board or otherwise reasonably acceptable to the Shareholder Group. 

(e) The Company agrees that the Board shall only be increased at any time prior to the conclusion of the 2012 Annual Meeting in
connection with the appointment of Becker and Drapkin. 
 (f) At least 60 days prior to the last date upon which a notice to the
Secretary of the Company of nominations of persons for election to the Board or the proposal of business at the 2012 Annual Meeting would be considered timely under the Company’s Amended and Restated Bylaws, the Governance and Nominating
Committee will notify each of Becker and Drapkin, and provide a copy of such notice to the Shareholder Group, whether it has resolved to recommend them for re-election to the Board at the 2012 Annual Meeting. If the Governance and Nominating
Committee has resolved to so recommend each of Becker and Drapkin, (i) the Board and the Governance and Nominating Committee shall nominate Becker and Drapkin for election as directors at the 2012 Annual Meeting, (ii) the Company shall
recommend that the Company’s shareholders vote, and shall solicit proxies, in favor of, the election of each of Becker and Drapkin at such meeting and otherwise support Becker and Drapkin for election in a manner no less rigorous and favorable
than the manner in which the Company supports its other nominees and (iii) so long as the Company has complied and is complying with the Principal Obligations, each member of the Shareholder Group shall cause all shares of Common Stock owned of
record and shall instruct the record owner, in case of all shares of Common Stock beneficially owned but not of record, by it and their respective Affiliates, as of the record date for the 2012 Annual Meeting, to be present for quorum purposes and
to be voted, and shall cause all shares of Common Stock held by their respective Associates to be present for quorum purposes and to be voted, in favor of all directors nominated by the Board for election at the 2012 Annual Meeting; provided such
directors nominated by the Board are either current members of the Board or otherwise reasonably acceptable to the Shareholders Group. 

 5. Standstill. 

Each of the members of the Shareholder Group agrees that, during the Standstill Period, he or it will not, and he or it will cause each of such
person’s Affiliates or agents or other persons acting on his or its behalf not to, and will cause his or its respective Associates not to: 

(a) acquire, offer to acquire or agree to acquire, alone or in concert with any other individual or entity, by purchase, tender offer,
exchange offer, agreement or business combination or any other manner, beneficial ownership of any securities of the Company or any securities of any Affiliate of the Company, if, after completion of such acquisition or proposed acquisition, such
party would beneficially own more than 14.99% of the outstanding shares of Common Stock; 
 (b) submit any shareholder
proposal (pursuant to Rule 14a-8 promulgated by the SEC under the Exchange Act or otherwise) or any notice of nomination or other business for consideration, or nominate any candidate for election to the Board or oppose the directors nominated
by the Board, other than as expressly permitted by this Agreement; 
 (c) form, join in or in any other way participate in
a “partnership, limited partnership, syndicate or other group” within the meaning of Section 13(d)(3) of the Exchange Act with respect to the Common Stock or deposit any shares of Common Stock in a voting trust or similar arrangement
or subject any shares of Common Stock to any voting agreement or pooling arrangement, other than solely with other members of the Shareholder Group or one or more Affiliates of a member of the Shareholder Group with respect to the Common Stock
currently owned as set forth in Section 2(c) of this Agreement or acquired in the future subject to the limitations set forth in Section 5(a) or to the extent such a group may be deemed to result with the Company or any of its Affiliates
as a result of this Agreement; 
 (d) solicit proxies or written consents of shareholders, or otherwise conduct any
nonbinding referendum with respect to Common Stock, or make, or in any way participate in, any “solicitation” of any “proxy” within the meaning of Rule 14a-1 promulgated by the SEC under the Exchange Act to vote, or advise,
encourage or influence any person with respect to voting, any shares of Common Stock with respect to any matter, or become a “participant” in any contested “solicitation” for the election of directors with respect to the Company
(as such terms are defined or used under the Exchange Act and the rules promulgated by the SEC thereunder), other than a “solicitation” or acting as a “participant” in support of all of the nominees of the Board at the 2011
Annual Meeting or the 2012 Annual Meeting as set forth in this Agreement; 
 (e) seek, in any capacity, to call, or to
request the calling of, a special meeting of the shareholders of the Company, or seek to make, or make, a shareholder proposal at any meeting of the shareholders of the Company or make a request for a list of the Company’s shareholders (or
otherwise induce, encourage or assist any other person to initiate or pursue such a proposal or request) or otherwise acting alone, or in concert with others, seek to control or influence the governance or policies of the Company, except as
expressly permitted by this Agreement; 

 (f) effect or seek to effect, in any capacity (including, without limitation, by
entering into any discussions, negotiations, agreements or understandings with any third person), offer or propose (whether publicly or otherwise) to effect, or cause or participate in, or in any way assist or facilitate any other person to effect
or seek, offer or propose (whether publicly or otherwise) to effect or cause or participate in (i) any acquisition of any material assets or businesses of the Company or any of its subsidiaries, (ii) any tender offer or exchange offer,
merger, acquisition or other business combination involving the Company or any of its subsidiaries, or (iii) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Company or any of
its subsidiaries; 
 (g) publicly disclose, or cause or facilitate the public disclosure (including without limitation the
filing of any document or report with the SEC or any other governmental agency or any disclosure to any journalist, member of the media or securities analyst) of, any intent, purpose, plan or proposal to obtain any waiver, or consent under, or any
amendment of, any of the provisions of Section 4(d) or this Section 5, or otherwise seek (in any manner that would require public disclosure by any of the members of the Shareholder Group or their Affiliates or Associates) to obtain any
waiver, consent under, or amendment of, any provision of this Agreement; 
 (h) publicly disparage any member of the Board or
management of the Company; provided that this provision shall not apply to compelled testimony, either by legal process, subpoena or otherwise, or to communications that are required by an applicable legal obligation and are subject to contractual
provisions providing for confidential disclosure; 
 (i) enter into any arrangements, understandings or agreements (whether
written or oral) with, or advise, finance, assist or encourage, any other person that engages, or offers or proposes to engage, in any of the foregoing; or 

(j) take or cause or induce or assist others to take any action inconsistent with any of the foregoing. 

Notwithstanding the foregoing, it is understood and agreed that this Agreement shall not be deemed to prohibit the Shareholder Group from (i) making
public statements (including statements contemplated by Rule 14a-1 (1) (2) (iv) under the Exchange Act), (ii) engaging in discussion with other stockholders or (iii) soliciting, or encouraging or participating in the
solicitation of, proxies or consents with respect to voting securities of the Company (so long as such discussions are in compliance with Section 5(c) hereof) in each case with respect to any transaction that has been publicly announced by the
Company involving (1) the recapitalization of the Company, (2) an acquisition, disposition or sale of assets or a business by the Company where the consideration to be received or paid in such transaction requires approval by the holders
of the Common Stock or (3) a change of control of the Company. 
 6. Non-public Information. The Company and the Shareholder
Group agree that the Shareholder Group will not receive non-public information from the Company regarding the Company, unless the Company and the Shareholder Group have separately entered into a non-disclosure agreement with respect to such
information prior to the Shareholder Group receiving such information. 

 7. Non-Disparagement. During the Standstill Period the Company shall not publicly disparage any
member of the Shareholder Group or any member of the management of the Shareholder Group, provided that this provision shall not apply to compelled testimony, either by legal process, subpoena or otherwise, or to communications that are required by
an applicable legal obligation and are subject to contractual provisions providing for confidential disclosure. 
 8. Reimbursement of
Expenses. All costs and expenses incurred in connection with this Agreement will be paid by the party incurring such cost or expense. 

9. Specific Performance. Each party hereto acknowledges and agrees, on behalf of itself and its Affiliates, that irreparable harm would occur
in the event any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties will be entitled to specific relief hereunder, including, without
limitation, an injunction or injunctions to prevent and enjoin breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof in any state or federal court in the State of California, in addition to any
other remedy to which they may be entitled at law or in equity. Any requirements for the securing or posting of any bond with such remedy are hereby waived. 

10. Jurisdiction. Each party hereto agrees, on behalf of itself and its Affiliates, that any actions, suits or proceedings arising out of or
relating to this Agreement or the transactions contemplated hereby will be brought solely and exclusively in any state or federal court in the State of California (and the parties agree on behalf of themselves and their respective Affiliates not to
commence any action, suit or proceeding relating thereto except in such courts), and further agrees that service of any process, summons, notice or document by U.S. registered mail to the respective addresses set forth in Section 14 of this
Agreement will be effective service of process for any such action, suit or proceeding brought against any party in any such court. Each party, on behalf of itself and its Affiliates, irrevocably and unconditionally waives any objection to the
laying of venue of any action, suit or proceeding arising out of this Agreement or the transactions contemplated hereby, in the state or federal courts in the State of California, and hereby further irrevocably and unconditionally waives and agrees
not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an improper or inconvenient forum. 

11. Applicable Law. This Agreement shall be governed in all respects, including validity, interpretation and effect, by the laws of the State
of California applicable to contracts executed and to be performed wholly within such state, without giving effect to the choice of law principles of such state. 

12. Counterparts; Facsimile or Electronic Signatures. This Agreement may be executed in two or more counterparts which together shall
constitute a single agreement. Facsimile or electronic (i.e., PDF) signatures shall be as effective as original signatures. 

 13. Entire Agreement; Amendment and Waiver; Successors and Assigns. This Agreement contains the
entire understanding of the parties hereto with respect to, and supersedes all prior agreements relating to, its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or undertakings between the
parties other than those expressly set forth herein. This Agreement may be amended only by a written instrument duly executed by the parties hereto or their respective successors or assigns. No failure on the part of any party to exercise, and no
delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party preclude any other or further exercise thereof or the exercise of any
other right, power or remedy. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by law. The terms and conditions of this Agreement shall be binding upon, inure to the benefit of, and be enforceable by the
parties hereto and their respective successors, heirs, executors, legal representatives, and assigns. 
 14. Notices. All notices,
consents, requests, instructions, approvals and other communications provided for herein and all legal process in regard hereto shall be in writing and shall be deemed validly given, made or served, (a) if given by telecopy, when such telecopy
is transmitted to the telecopy number set forth below, or to such other telecopy number as is provided by a party to this Agreement to the other parties pursuant to notice given in accordance with the provisions of this Section, and the appropriate
confirmation is received, or (b) if given by any other means, when actually received during normal business hours at the address specified in this Section, or at such other address as is provided by a party to this Agreement to the other
parties pursuant to notice given in accordance with the provisions of this Section: 
 if to the Company: 

Hot Topic, Inc. 

18305 E. San Jose Ave. 

City of Industry, California 91748 

Facsimile: (626) 581-0894 

Attention: Chief Executive Officer 

with a copy to: 

Cooley LLP 
 4401
Eastgate Mall 
 San Diego, CA 92121 

Facsimile: (858) 550-6420 

Attention: Jason L. Kent, Esq. 

if to the Shareholder Group or any member thereof: 

Carlson Capital, L.P. 

2100 McKinney Avenue 

Dallas, Texas 75201 

Facsimile: (214) 932-9712 

Attention: Steven J. Pully 

 with a copy to: 

Schulte Roth & Zabel LLP 

919 Third Avenue 

New York, New York 10022 

Facsimile: (212) 593 5955 

Attention: David E. Rosewater 

15. No Third-Party Beneficiaries. Nothing in this Agreement is intended to confer on any person other than the parties hereto or their
respective successors and assigns, and their respective Affiliates to the extent provided herein, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

[Signature page follows.] 

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized signatories
of the parties as of the date first written above. 
 COMPANY: 

 

					
	HOT TOPIC, INC.
		
	By:	 	 /s/ Bruce A. Quinnell

		 	Name:	 	Bruce A. Quinnell
		 	Title:	 	Chairman of the Board of Directors

 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized signatories
of the parties as of the date first written above. 
 SHAREHOLDER GROUP: 

 

													
	BLACK DIAMOND OFFSHORE LTD.	 		 	DOUBLE BLACK DIAMOND OFFSHORE LTD.
					
	By:	 	Carlson Capital, L.P., its investment manager	 		 	By:	 	Carlson Capital, L.P., its investment manager
					
	By:	 	Asgard Investment Corp., its general partner	 		 	By:	 	Asgard Investment Corp., its general partner
					
	By:	 	 /s/ Clint D. Carlson
	 		 	By:	 	 /s/ Clint D. Carlson

		 	Name:	 	Clint D. Carlson	 		 		 	Name:	 	Clint D. Carlson
		 	Title: 	 	President	 		 		 	Title:	 	President
			
	CARLSON CAPITAL L.P.	 		 	ASGARD INVESTMENT CORP.
				
	By:	 	Asgard Investment Corp., its general partner	 		 	
					
	By:	 	 /s/ Clint D. Carlson
	 		 	By:	 	 /s/ Clint D. Carlson

		 	Name:	 	Clint D. Carlson	 		 		 	Name:	 	Clint D. Carlson
		 	Title: 	 	President	 		 		 	Title:	 	President
					
		 		 		 		 	CLINT D. CARLSON
					
		 		 		 		 	 /s/ Clint D. CarlsonForms of 3.875% Senior Note due 2020 and 5.375% Senior Note due 2040

 Exhibit 4.08 

ORACLE CORPORATION 

Officers’ Certificate 

Reference is made to the Indenture dated as of January 13, 2006 (the “Base Indenture”) by and among Oracle
Corporation (the “Issuer,” formerly known as Ozark Holding Inc.), Oracle Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by the First Supplemental Indenture dated as of May 9, 2007
(together with the Base Indenture, the “Indenture”) by and among the Issuer, Citibank, N.A. and The Bank of New York Trust Company, N.A. On June 29, 2007, Citibank, N.A. resigned as the original trustee under the Indenture and
the Issuer appointed The Bank of New York Trust Company, N.A. as successor trustee. Thereafter, the Bank of New York Trust Company, N.A. became The Bank of New York Mellon Trust Company, N.A. (the “Trustee”). The Trustee is the
trustee for any and all securities issued under the Indenture. Pursuant to Section 2.01 and Section 2.03 of the Indenture, the undersigned officers do hereby certify, in connection with the issuance of (i) $1,000,000,000 aggregate
principal amount of 3.875% Notes due 2020 (“2020 Notes”) and (ii) $2,250,000,000 aggregate principal amount of 5.375% Notes due 2040 (“2040 Notes,” and, together with the 2020 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. 
  

			
	 2020 Notes

		
	 Title:
	  	3.875% Notes due 2020
		
	 Issuer:
	  	Oracle Corporation
		
	 Trustee
	  	The Bank of New York Mellon Trust Company, N.A.
		
	 Aggregate Principal
Amount at Maturity:
	  	$1,000,000,000
		
	 Principal Payment Date:
	  	July 15, 2020
		
	 Interest:
	  	3.875% per annum
		
	 Date from which Interest will Accrue:
	  	July 19, 2010
		
	 Interest Payment Dates:
	  	January 15 and July 15, commencing on January 15, 2011

			
	 Exchange Offer; Registration Rights:
	  	The Issuer has agreed to register a series of notes with the SEC (“exchange notes”) having substantially identical terms as the 2020 Notes as part of an offer to
exchange generally freely tradable exchange notes for the 2020 Notes, to be consummated no later than twenty (20) months after the issue date of the 2020 Notes. The Issuer is required to file a registration statement for the exchange notes with the
SEC within fourteen (14) months after the issue date of the 2020 Notes, use its commercially reasonable efforts to cause that registration statement to be declared effective and use its commercially reasonable efforts to consummate the exchange
offer within twenty (20) months after the issue date of the 2020 Notes. Under certain circumstances the Issuer may also be required to file and pursue effectiveness of a shelf registration statement with respect to the resale of the 2020 Notes. If
the Issuer fails to perform its registration obligations, holders of the 2020 Notes will be entitled to additional interest of 0.25% per annum until such obligations are fulfilled. The foregoing description of the exchange offer and registration
rights is qualified by reference to the Registration Rights Agreement among the Issuer, Banc of America Securities LLC, BNP Paribas Securities Corp. and J.P. Morgan Securities Inc. dated as of the date hereof (the “Registration Rights
Agreement”), which is incorporated by reference into this Officers’ Certificate.
		
	 Redemption:
	  	 The Issuer may at its option redeem the 2020 Notes in whole or in part, at any time or from time to time prior to their maturity, on
at least 30 days, but not more than 60 days, prior notice mailed to the registered address of each holder of the 2020 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2020 Notes being redeemed; and

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest thereon (exclusive of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) of the 2020 Notes being redeemed at the Treasury
Rate (as defined in the 2020 Notes) plus 15 basis points,
  
 plus, in each
case, accrued interest thereon to the date of redemption.

			
	 Conversion:
	  	None
		
	 Sinking Fund:
	  	None
		
	 Transfer Restrictions:
	  	The 2020 Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold except pursuant to an
exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Until such time as the exchange notes are issued or the 2020 Notes are resold in a registered transaction under the Securities Act, the
provisions contained in the Rule 144A/Regulation S Appendix attached hereto (the “Appendix”), which is hereby incorporated in and expressly made part of this Officers’ Certificate, shall apply.
		
	 Miscellaneous:
	  	The terms of the 2020 Notes shall include such other terms as are set forth in the form of 2020 Notes attached hereto as Exhibit A and in the
Indenture.

  

			
	 2040 Notes

		
	 Title:
	  	5.375% Notes due 2040
		
	 Issuer:
	  	Oracle Corporation
		
	 Trustee
	  	The Bank of New York Mellon Trust Company, N.A.
		
	 Aggregate Principal Amount at Maturity:
	  	$2,250,000,000
		
	 Principal Payment Date:
	  	July 15, 2040
		
	 Interest:
	  	5.375% per annum
		
	 Date from which Interest will Accrue:
	  	July 19, 2010

			
	 Interest Payment Dates:
	  	January 15 and July 15, commencing on January 15, 2011
		
	 Exchange Offer; Registration Rights:
	  	The Issuer has agreed to register a series of exchange notes having substantially identical terms as the 2040 Notes as part of an offer to exchange generally freely tradable
exchange notes for the 2040 Notes, to be consummated no later than twenty (20) months after the issue date of the 2040 Notes. The Issuer is required to file a registration statement for the exchange notes with the SEC within fourteen (14) months
after the issue date of the 2040 Notes, use its commercially reasonable efforts to cause that registration statement to be declared effective and use its commercially reasonable efforts to consummate the exchange offer within twenty (20) months
after the issue date of the 2040 Notes. Under certain circumstances the Issuer may also be required to file and pursue effectiveness of a shelf registration statement with respect to the resale of the 2040 Notes. If the Issuer fails to perform its
registration obligations, holders of the 2040 Notes will be entitled to additional interest of 0.25% per annum until such obligations are fulfilled. The foregoing description of the exchange offer and registration rights is qualified by reference to
the Registration Rights Agreement, which is incorporated by reference into this Officers’ Certificate.
		
	 Redemption:
	  	 The Issuer may at its option redeem the 2040 Notes in whole or in part, at any time or from time to time prior to their maturity, on
at least 30 days, but not more than 60 days, prior notice mailed to the registered address of each holder of the 2040 Notes, at a redemption price, calculated by the Issuer, equal to the greater of:

 
 (i) 100% of the principal amount of the 2040 Notes being redeemed; and

 
 (ii) the sum of the present values of the remaining scheduled payments of principal
and interest thereon (exclusive of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) of the 2040 Notes being redeemed at the Treasury
Rate (as defined in the 2040 Notes) plus 25 basis points,
  
 plus, in each
case, accrued interest thereon to the date of redemption.

			
	 Conversion:
	  	None
		
	 Sinking Fund:
	  	None
		
	 Transfer Restrictions:
	  	The 2040 Notes have not been registered under the Securities Act and may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. Until such time as the exchange notes are issued or the 2040 Notes are resold in a registered transaction under the Securities Act, the provisions contained in the Appendix, which is hereby
incorporated in and expressly made part of this Officers’ Certificate, shall apply.
		
	 Miscellaneous:
	  	The terms of the 2040 Notes shall include such other terms as are set forth in the form of 2040 Notes attached hereto as Exhibit B and in the
Indenture.

 Subject to the representations, warranties and 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 Officers’ 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 Notes or the 2040 Notes, as the case may be, issued on the issue date, other than with respect to the date of issuance and the issue price (together the “Additional
Notes”). Any Additional Notes will be issued in accordance with Section 2.03 of the Indenture and provisions set forth in the Appendix. 

The Trustee shall be the initial calculation agent, transfer agent, registrar and paying agent with respect to the Notes. 

Each such officer has read and understands the provisions of the Indenture and the definitions relating thereto. The statements made in
this Officers’ Certificate and in the Appendix are based upon the examination of the provisions of the Indenture and upon the relevant books and records of the Issuer. In such officers’ opinion, they have made such examination or
investigation as is necessary to enable such officers to express an informed opinion as to whether or not the covenants and conditions of such Indenture relating to the issuance and authentication of the Notes have been complied with. In such
officers’ opinion, such covenants and conditions have been complied with. 

 IN WITNESS WHEREOF, the undersigned officers of the Issuer have duly executed this
certificate as of July 19, 2010. 
  

					
	ORACLE CORPORATION
		
	By:	 	 /s/ Jeff Epstein

		 	Name:	 	Jeff Epstein
		 	Title:	 	 Executive Vice President and

Chief Financial Officer

  

					
	By:	 	 /s/ Eric R. Ball

		 	Name:	 	Eric R. Ball
		 	Title:	 	Vice President and Treasurer

[Signature Page to Officers’ Certificate Pursuant to the Indenture] 

 RULE 144A/REGULATION S 

APPENDIX 

PROVISIONS RELATING TO THE INITIAL NOTES, 

AND EXCHANGE NOTES 
  

	1.	Definitions 

 Capitalized
terms used but not otherwise defined in this Appendix shall have the meanings assigned in the Officers’ Certificate of which this Appendix is expressly made part, or, if not defined therein, in the Indenture. For the purposes of this Appendix
the following terms shall have the meanings indicated below: 
 “Applicable Procedures” means, with respect to
any transfer or transaction involving a Temporary Regulation S Global Security or beneficial interest therein, the rules and procedures of the Depositary, Euroclear and Clearstream, for such a Temporary Regulation S Global Security, in each case to
the extent applicable to such transaction and as in effect from time to time. 
 “Clearstream” means
Clearstream Banking, société anonyme or any successor securities clearing agency. 
 “Definitive
Security” means a certificated Initial Note or Exchange Note bearing, if required, the restricted securities legend set forth in Section 2.4(e). 

“Distribution Compliance Period”, with respect to any Securities, means the period of 40 consecutive days beginning on
and including the later of (i) the day on which such Securities are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the Issue Date with respect to
such Securities. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System, or any
successor securities clearing agency. 
 “Exchange Notes” means (a) the applicable series of the
following: (1) the 3.875% Notes due 2020 and (2) the 5.375% Notes due 2040, each as issued pursuant to the Indenture in exchange for, and in aggregate principal amount equal to, the applicable series of Notes and (b) any Additional
Notes in compliance with one or more Registration Rights Agreements. 
 “Initial Notes” means (a) the
applicable series of the following: (1) $1,000,000,000 aggregate principal amount of 3.875% Notes due 2020; and (2) $2,250,000,000 aggregate principal amount of 5.375% Notes due 2040 and (b) any Additional Notes, if any, issued in a
transaction exempt from the registration requirements of the Securities Act. 

 “Initial Purchasers” means (1) with respect to the Initial Notes
issued on the Issue Date, the several initial purchasers listed on Schedule 1 of the Purchase Agreement dated July 12, 2010, for whom Banc of America Securities LLC, BNP Paribas Securities Corp. and J.P. Morgan Securities Inc. acted as
representatives and (2) with respect to each issuance of Additional Notes, the Persons purchasing such Additional Notes under the related Purchase Agreement. 

“Permanent Regulation S Global Security” has the meaning assigned to such term in Section 2.1. 

“Purchase Agreement” means (1) with respect to the Initial Notes issued on the Issue Date, the Purchase Agreement
dated July 12, 2010, among the Issuer and the Initial Purchasers, and (2) with respect to each issuance of Additional Notes, the purchase agreement or underwriting agreement among the Issuer and the Persons purchasing such Additional
Notes. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

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

“Registration Rights Agreement” means (1) with respect to the Initial Notes issued on the Issue Date, the
Registration Rights Agreement dated July 19, 2010, among the Issuer and the Initial Purchasers, and (2) with respect to each issuance of Additional Notes issued in a transaction exempt from the registration requirements of the Securities
Act, the registration rights agreement, if any, among the Issuer and the Persons purchasing such Additional Notes under the related Purchase Agreement. 

“Regulation S” has the meaning assigned to such term in Section 2.1. 

“Rule 144A” has the meaning assigned to such term in Section 2.1. 

“Rule 144A Global Security” has the meaning assigned to such term in Section 2.1. 

“Rule 144A Securities” means all Notes offered and sold to QIBs in reliance on Rule 144A. 

“Securities” means the Initial Notes and the Exchange Notes, treated as a single class. 

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

 “Securities Custodian” means the custodian with respect to a Global
Security (as appointed by the Depositary), or any successor Person thereto and shall initially be the Trustee. 
 “Shelf
Registration Statement” means the registration statement, if any, filed by the Issuer in connection with the resale of Initial Notes pursuant to a Registration Rights Agreement. 

“Temporary Regulation S Global Security” has the meaning assigned to such term in Section 2.1. 

“Transfer Restricted Securities” means Securities that bear or are required to bear the legend relating to restrictions
on transfer relating to the Securities Act set forth in Section 2.4(e) hereto. 
  

	2.	The Securities. 

 2.1.
Form and Dating. (a) The Initial Notes will be offered and sold by the Issuer pursuant to the Purchase Agreement. The Initial Notes will be resold initially only to (i) QIBs in reliance on Rule 144A under the Securities Act
(“Rule 144A”) and (ii) Persons other than U.S. Persons (as defined in Regulation S) in reliance on Regulation S under the Securities Act (“Regulation S”). The Initial Notes may thereafter be transferred to,
among others, QIBs and purchasers in reliance on Regulation S, subject to the restrictions on transfer set forth herein. Initial Notes initially resold pursuant to Rule 144A shall be issued initially in the form of one or more permanent Global
Securities in definitive, fully registered form (collectively, the “Rule 144A Global Security”) and Initial Notes initially resold pursuant to Regulation S shall be issued initially in the form of one or more temporary global
securities in definitive, fully registered form (collectively, the “Temporary Regulation S Global Security”), in each case without interest coupons and with the global securities legend and restricted securities legend set forth in
Exhibit 1 hereto, which shall be deposited on behalf of the purchasers of the Initial Notes represented thereby with the Securities Custodian, and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer
and authenticated by the Trustee as provided in the Indenture. The initial Depositary for the Global Securities shall be The Depository Trust Company, New York, New York. 

Beneficial ownership interests in the Temporary Regulation S Global Security will not be exchangeable for interests in the Rule 144A
Global Security, a permanent global security (the “Permanent Regulation S Global Security”), or any other Security without a legend containing restrictions on transfer of such Security prior to the expiration of the Distribution
Compliance Period and then only upon certification in form reasonably satisfactory to the Trustee that beneficial ownership interests in such Temporary Regulation S Global Security are owned either by non-U.S. persons or U.S. persons who purchased
such interests in a transaction that did not require registration under the Securities Act. 

 The Rule 144A Global Security, the Temporary Regulation S Global Security and the Permanent
Regulation S Global Security are collectively referred to herein as “Global Securities”. The aggregate principal amount of the Global Securities may from time to time be increased or decreased by adjustments made on the records of
the Trustee and the Depositary or its nominee as hereinafter provided. 
 So long as the Initial Notes are represented by one or
more Global Securities, notwithstanding anything to the contrary contained herein, the principal and interest payable on the Securities will be paid to the Depositary, or its nominee, as the registered owner of the Securities by wire transfer of
immediately available funds consistent with the terms hereof. 
 (b) This Section 2.1(b) shall apply only to a Global
Security deposited with or on behalf of the Depositary. 
 The Issuer shall execute and the Trustee shall, in accordance with
this Section 2.1(b), authenticate and deliver initially one or more Global Securities that (a) shall be registered in the name of the Depositary for such Global Security or Global Securities or the nominee of such Depositary and
(b) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as custodian for the Depositary. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under the Indenture with respect
to any Global Security held on their behalf by the Depositary or by the Trustee as the custodian of the Depositary or under such Global Security, and the Issuer, the Trustee and any agent of the Issuer or the Trustee shall be entitled to treat the
Depositary as the absolute owner of such Global Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or the Trustee from giving effect to any written
certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a
beneficial interest in any Global Security. 
 2.2. Certificated Securities. Except as provided in Section 2.1 or
Section 2.4, owners of beneficial interests in Global Securities shall not be entitled to receive physical delivery of Definitive Securities. 

2.3. Authentication. The Trustee shall authenticate and deliver (a) Initial Notes in (i) an aggregate principal amount
of $1,000,000,000 3.875% Notes due 2020 and (ii) an aggregate principal amount of $2,250,000,000 5.375% Notes due 2040; (b) any Additional Notes for an original issue in an aggregate principal amount specified in an Issuer Order and
(c) Exchange Securities for issue only in a Registered Exchange Offer pursuant to a Registration Rights Agreement, for a like principal amount of Initial Notes upon an Issuer Order. Such order shall specify the amount of the Securities to be
authenticated and the date on which the original issue of Securities is to be authenticated. 

 2.4. Transfer and Exchange. 

(a) Transfer and Exchange of Definitive Securities. When Definitive Securities are presented to the Registrar or a co-registrar
with a request: 
 (x) to register the transfer of such Definitive Securities; or 

(y) to exchange such Definitive Securities for an equal principal amount of Definitive Securities of other authorized
denominations, 
 the Registrar or co-registrar shall register the transfer or make the exchange as requested if its reasonable requirements for
such transaction are met; provided, however, that the Definitive Securities surrendered for transfer or exchange: 

(i) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the
Issuer and the Registrar or co-registrar, duly executed by the Holder thereof, together with signature guarantees, or its counsel duly authorized in writing; and 

(ii) if such Definitive Securities are required to bear a restricted securities legend, they are being transferred or
exchanged pursuant to an effective registration statement under the Securities Act, pursuant to Section 2.4 or pursuant to clause (A), (B) or (C) below, and are accompanied by the following additional information and documents, as
applicable: 
 (A) if such Definitive Securities are being delivered to the Registrar by a Holder for
registration in the name of such Holder, without transfer, a certification from such Holder to that effect; or 

(B) if such Definitive Securities are being transferred to the Issuer or its Subsidiary, a certification to that effect;
or 
 (C) if such Definitive Securities are being transferred (x) pursuant to an exemption from registration
in accordance with Rule 144A, Regulation S or Rule 144 under the Securities Act; or (y) in reliance upon another exemption from the requirements of the Securities Act: (i) a certification to that effect (in the form set forth on the
reverse of the Security) and (ii) if the Issuer so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend set forth in Section 2.4(e)(i).

 (b) Restrictions on Transfer of a Definitive Security for a Beneficial Interest in a
Global Security. A Definitive Security may not be exchanged for a beneficial interest in a Rule 144A Global Security or a Permanent Regulation S Global Security except upon satisfaction of the requirements set forth below. Upon receipt by the
Trustee of a Definitive Security, duly endorsed, together with signature guarantees, or accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee, together with: 

(i) certification, in the form set forth on the reverse of the Security, that such Definitive Security is either
(A) being transferred to a QIB in accordance with Rule 144A or (B) is being transferred after expiration of the Distribution Compliance Period by a Person who initially purchased such Security in reliance on Regulation S to a buyer who
elects to hold its interest in such Security in the form of a beneficial interest in the Permanent Regulation S Global Security; and 

(ii) written instructions directing the Trustee to make, or to direct the Securities Custodian to make, an adjustment on
its books and records with respect to such Rule 144A Global Security (in the case of a transfer pursuant to clause (b)(i)(A)) or Permanent Regulation S Global Security (in the case of a transfer pursuant to clause (b)(i)(B)) to reflect an increase
in the aggregate principal amount of the Securities represented by the Rule 144A Global Security or Permanent Regulation S Global Security, as applicable, such instructions to contain information regarding the Depositary account to be credited with
such increase, 
 then the Trustee shall cancel such Definitive Security and cause, or direct the Securities Custodian to cause, in accordance
with the standing instructions and procedures existing between the Depositary and the Securities Custodian, the aggregate principal amount of Securities represented by the Rule 144A Global Security or Permanent Regulation S Global Security, as
applicable, to be increased by the aggregate principal amount of the Definitive Security to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Rule 144A
Global Security or Permanent Regulation S Global Security, as applicable, equal to the principal amount of the Definitive Security so cancelled. If no Rule 144A Global Securities or Permanent Regulation S Global Securities, as applicable, are then
Outstanding, the Issuer shall issue and the Trustee shall authenticate, upon a written order of the Issuer in the form of an Officers’ Certificate of the Company, a new Rule 144A Global Security or Permanent Regulation S Global Security, as
applicable, in the appropriate principal amount. 

 (c) Transfer and Exchange of Global Securities. (i) The transfer and exchange of
Global Securities or beneficial interests therein shall be effected through the Depositary, in accordance with Section 2.08 and Section 2.13 of the Indenture (and including applicable restrictions on transfer set forth herein, if any) and
the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Security shall deliver to the Registrar a written order given in accordance with the Depositary’s procedures containing information regarding the
participant account of the Depositary to be credited with a beneficial interest in the Global Security. The Registrar shall, in accordance with such instructions, instruct the Depositary to credit to the account of the Person specified in such
instructions a beneficial interest in the Global Security and to debit the account of the Person making the transfer the beneficial interest in the Global Security being transferred. 

(i) If the proposed transfer is a transfer of a beneficial interest in one Global Security to a beneficial interest in
another Global Security, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Security to which such interest is being transferred in an amount equal to the principal amount of the
interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Security from which such interest is being transferred. 

(ii) Notwithstanding any other provisions of this Appendix (other than the provisions set forth in Section 2.13 of
the Indenture), a Global Security may not be transferred as a whole except by the Depositary for such series to a nominee of the Depositary for such series or by a nominee of the Depositary for such series to the Depositary for such series or
another nominee of the Depositary for such series or by the Depositary for such series or any such nominee to a successor Depositary for such series selected or approved by the Issuer or a nominee of such successor Depositary for such series.

 (iii) In the event that a Global Security is exchanged for Definitive Securities pursuant to Section 2.13
of the Indenture, prior to the consummation of a Registered Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such Securities, such Securities may be exchanged only in accordance with such procedures as are
substantially consistent with the provisions of this Section 2.4 (including the certification requirements set forth on the reverse of the Initial Notes intended to ensure that such transfers comply with Rule 144A or Regulation S, as the case
may be) and such other procedures as may from time to time be adopted by the Issuer. 
 (d) Restrictions on Transfer of
Temporary Regulation S Global Securities. During the Distribution Compliance Period, beneficial ownership interests in Temporary Regulation S Global Securities may only be sold, pledged or transferred through Euroclear or Clearstream in
accordance with the Applicable Procedures and only (i) to the Issuer or one of its subsidiaries, (ii) so long as such Security is eligible for resale pursuant to Rule 144A, to a Person whom the selling holder reasonably believes is a QIB
that purchases for its own account or for the account of a QIB to whom notice is given that the resale, pledge or transfer is being made in reliance on Rule 144A, (iii) in an offshore transaction in accordance with Regulation S,
(iv) pursuant to an exemption from registration under the Securities Act provided by Rule 144 (if applicable) under the Securities Act or (v) pursuant to an effective registration statement under the Securities Act, in each case in
accordance with any applicable securities laws of any state of the United States. 

 (e) Legend. 

(i) Except as permitted by the following paragraphs (ii), (iii) and (iv), each Security certificate evidencing the
Global Securities (and all Securities issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form: 

THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF IS DEEMED TO HAVE AGREED TO BE BOUND BY THE PROVISIONS OF A REGISTRATION RIGHTS
AGREEMENT AMONG ORACLE CORPORATION (THE “ISSUER”) AND THE INITIAL PURCHASERS, DATED JULY 19, 2010 (THE “REGISTRATION RIGHTS AGREEMENT”). THE ISSUER WILL PROVIDE A COPY OF THE REGISTRATION RIGHTS AGREEMENT TO A HOLDER WITHOUT
CHARGE UPON WRITTEN REQUEST TO IT AT ITS PRINCIPAL PLACE OF BUSINESS. 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED,
ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF
ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE
HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY OF THE ISSUER, (B) PURSUANT TO A REGISTRATION
STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL
BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) IN AN
OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE
TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM IN THE FORMS OF EXHIBITS TO THE
INDENTURE. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. 

 Each Definitive Security will also bear the following additional legend: 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS
SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

(ii) Upon any sale or transfer of a Transfer Restricted Security (including any Transfer Restricted Security represented
by a Global Security) pursuant to Rule 144 under the Securities Act, the Registrar shall permit the transferee thereof to exchange such Transfer Restricted Security for a certificated Security that does not bear the legend set forth above and
rescind any restriction on the transfer of such Transfer Restricted Security, if the transferor thereof certifies in writing to the Registrar that such sale or transfer was made in reliance on Rule 144 (such certification to be in the form set forth
on the reverse of the Security). 
 (iii) After a transfer of any Initial Notes pursuant to and during the period
of the effectiveness of a Shelf Registration Statement with respect to such Initial Notes, all requirements pertaining to legends relating to the restrictions on transfer relating to the Securities Act on such Initial Note will cease to apply, the
requirements requiring any such Initial Note issued to certain Holders be issued in global form will cease to apply, and a certificated Initial Note or an Initial Note in global form, in each case without restrictive transfer legends, will be
available to the transferee of the Holder of such Initial Note upon exchange of such transferring Holder’s certificated Initial Note or appropriate directions to transfer such Holder’s interest in the Global Security, as applicable.

 (iv) Upon the consummation of a Registered Exchange Offer with respect to
the Initial Notes, all requirements pertaining to such Initial Notes that Initial Notes issued to certain Holders be issued in global form will still apply with respect to Holders of such Initial Notes that do not exchange their Initial Notes, and
Exchange Notes in certificated or global form, in each case without the restrictive securities legend relating to the restrictions on transfer relating to the Securities Act set forth in Exhibit 1 hereto will be available to Holders that exchange
such Notes in such Registered Exchange Offer. 
 (f) Cancellation or Adjustment of Global Security. At such time as all
beneficial interests in a Global Security have either been exchanged for Definitive Securities, redeemed, purchased or canceled, such Global Security shall be returned to the Depositary for cancellation or retained and canceled by the Trustee. At
any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for certificated Securities, redeemed, purchased or canceled, the principal amount of Securities represented by such Global Security shall be reduced
and an adjustment shall be made on the books and records of the Trustee (if it is then the Securities Custodian for such Global Security) with respect to such Global Security, by the Trustee or the Securities Custodian, to reflect such reduction.

 (g) Obligations with Respect to Transfers and Exchanges of Securities. 

(i) To permit registrations of transfers and exchanges, the Issuer shall execute and the Trustee shall authenticate
Definitive Securities and Global Securities at the Registrar’s or co-registrar’s request. 
 (ii) No
service charge shall be made for any registration of transfer or exchange, but the Issuer or the Trustee may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith
(other than any such transfer taxes, assessments or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.08 and 2.09 of the Indenture). 

(iii) Neither the Issuer nor the Trustee shall be required to exchange or register a transfer of (a) any Securities
of any series for a period of 15 days preceding the first mailing of notice of redemption of Securities of such series to be redeemed, or (b) any Securities selected, called or being called for redemption except, in the case of any Security
where public notice has been given that such Security is to be redeemed in part, the portion thereof not so to be redeemed. 

 (iv) Prior to the due presentation for registration of transfer of any
Security, the Issuer, the Trustee, the paying agent, the Registrar or any co-registrar may deem and treat the person in whose name a Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of
and interest on such Security and for all other purposes whatsoever, whether or not such Security is overdue, and none of the Issuer, the Trustee, the paying agent, the Registrar or any co-registrar shall be affected by notice to the contrary.

 (v) All Securities issued upon any transfer or exchange pursuant to the terms of the Officers’
Certificate to which the Appendix is attached and the Indenture shall evidence the same debt and shall be entitled to the same benefits under the Indenture as the Securities surrendered upon such transfer or exchange. 

(h) No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Security, a member of, or a
participant in the Depositary or other Person with respect to the accuracy of the records of the Depositary or its nominee or of any participant or member thereof, with respect to any beneficial ownership interest in the Securities or with respect
to the delivery to any participant, member, beneficial owner or other Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Securities. All notices and
communications to be given to the Holders and all payments to be made to Holders under the Securities shall be given or made only to or upon the order of the registered Holders (which shall be the Depositary or its nominee in the case of a Global
Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon
information furnished by the Depositary with respect to its members, participants and any beneficial owners. 

(ii) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions
on transfer imposed under this Officers’ Certificate or the Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depositary participants, members or beneficial
owners in any Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of Officers’ Certificate or the
Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

 EXHIBIT 1 

to 
 APPENDIX

 [Global Securities Legend] 

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

[[FOR REGULATION S GLOBAL NOTE ONLY] UNTIL 40 DAYS AFTER THE CLOSING OF THE OFFERING, AN OFFER OR SALE OF SECURITIES WITHIN THE UNITED
STATES BY A DEALER (AS DEFINED IN THE U.S. SECURITIES ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE 144A THEREUNDER.] 

[Restricted Securities Legend] 

 THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS NOTE, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS
PURCHASED NOTES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH NOTE, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY
AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF SUCH NOTE), ONLY (A) TO THE ISSUER OR ANY SUBSIDIARY OF THE ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT
PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) IN AN OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF
REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER
PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM IN THE FORMS OF EXHIBITS TO THE INDENTURE. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE
HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. 
 [Temporary Regulation S Global Security Legend] 

EXCEPT AS SET FORTH BELOW, BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL SECURITY WILL NOT BE EXCHANGEABLE FOR
INTERESTS IN THE PERMANENT REGULATION S GLOBAL SECURITY OR ANY OTHER SECURITY REPRESENTING AN INTEREST IN THE SECURITIES REPRESENTED HEREBY WHICH DO NOT CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE “40-DAY
DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE MEANING OF RULE 903(b)(2) OF REGULATION S UNDER THE SECURITIES ACT) AND THEN ONLY UPON CERTIFICATION IN FORM REASONABLY SATISFACTORY TO THE TRUSTEE THAT SUCH BENEFICIAL INTERESTS ARE OWNED EITHER BY
NON-U.S. PERSONS OR U.S. PERSONS WHO PURCHASED SUCH INTERESTS IN A TRANSACTION THAT DID NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT. DURING SUCH 40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION
S GLOBAL SECURITY MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED THROUGH EUROCLEAR BANK S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM OR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME AND ONLY (I) TO THE COMPANY, (II) WITHIN THE UNITED STATES TO
A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED STATES IN A TRANSACTION IN ACCORDANCE
WITH RULE 904 UNDER THE SECURITIES ACT, OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND
OTHER JURISDICTIONS. HOLDERS OF INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL SECURITY WILL NOTIFY ANY PURCHASER OF THIS SECURITY OF THE RESALE RESTRICTIONS REFERRED TO ABOVE, IF THEN APPLICABLE. 

 BENEFICIAL INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL SECURITY MAY BE EXCHANGED FOR
INTERESTS IN A RULE 144A GLOBAL SECURITY ONLY IF (1) SUCH EXCHANGE OCCURS IN CONNECTION WITH A TRANSFER OF THE SECURITIES IN COMPLIANCE WITH RULE 144A, AND (2) THE TRANSFEROR OF THE REGULATION S GLOBAL SECURITY FIRST DELIVERS TO THE
TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT THE REGULATION S GLOBAL SECURITY IS BEING TRANSFERRED (A) TO A PERSON WHO THE TRANSFEROR REASONABLY BELIEVES TO BE A QUALIFIED INSTITUTIONAL BUYER
WITHIN THE MEANING OF RULE 144A, (B) TO A PERSON WHO IS PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, AND (C) IN ACCORDANCE WITH ALL APPLICABLE
SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 
 BENEFICIAL INTERESTS IN A RULE 144A GLOBAL
SECURITY MAY BE TRANSFERRED TO A PERSON WHO TAKES DELIVERY IN THE FORM OF AN INTEREST IN THE REGULATION S GLOBAL SECURITY, WHETHER BEFORE OR AFTER THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, ONLY IF THE TRANSFEROR FIRST DELIVERS TO
THE TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT IF SUCH TRANSFER IS BEING MADE IN ACCORDANCE WITH RULE 903 OR 904 OF REGULATION S OR RULE 144 (IF AVAILABLE) AND THAT, IF SUCH TRANSFER OCCURS PRIOR TO
THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, THE INTEREST TRANSFERRED WILL BE HELD IMMEDIATELY THEREAFTER THROUGH EUROCLEAR BANK S.A./N.V. OR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME. 

[Definitive Securities Legend] 

 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT
SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

 EXHIBIT A 

[FORM OF NOTE DUE 2020] 

ORACLE CORPORATION 

3.875% Note due 2020 
  

			
	No.	 	CUSIP No.:
		 	ISIN No.:

 $ 

ORACLE CORPORATION, a Delaware corporation (the “Issuer”), for value received promises to pay to CEDE & CO. or
registered assigns, the principal sum of          DOLLARS on July 19, 2020. 

Interest Payment Dates: January 15 and July 15 (each, an “Interest Payment Date”), commencing on
January 15, 2011. 
 Interest Record Dates: January 1 and July 1 (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 officers. 
  

			
	ORACLE CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: July 19, 2010 

 

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

		 	Authorized Signatory

 (REVERSE OF NOTE) 

ORACLE CORPORATION 

3.875% Note due 2020 

1. Interest 

Oracle Corporation (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 the most recent date to which interest has been paid; or, if no interest has been paid, from July 19, 2010. 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 January 15, 2011. 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 NASDAQ 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. 

Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may
change any paying agent without notice to the Holders. 
 3. Indenture; Defined Terms. 

This Note is one of the 3.875% Notes due 2020 (the “Notes”) issued under an indenture dated as of January 13, 2006
(the “Base Indenture”) by and among the Issuer (formerly known as Ozark Holding Inc.), Oracle Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by a supplemental indenture dated as of
May 9, 2007 (together with the Base Indenture, the “Indenture”) by and among the Issuer, Citibank, N.A. and the Trustee, and established pursuant to an Officers’ Certificate dated July 19, 2010, issued pursuant to
Section 2.01 and Section 2.03 thereof (together, 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 of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in effect on the date on which the Indenture was
qualified under the TIA. 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 TIA for a statement of them. To the extent the terms of the Indenture and
this Note are inconsistent, the terms of the Indenture shall govern. 

 4. Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 thereafter. 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. 
 5.
Registration Rights 
 The Holder of this Note is entitled to the benefits of the Registration Rights Agreement, dated
July 19, 2010, between the Issuer and the Initial Purchasers named therein (the “Registration Rights Agreement”). The interest rate on this Note will increase by a rate of 0.25% per annum upon the occurrence of certain
events specified in the Registration Rights Agreement for the periods specified therein. 
 6. 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 all series of Outstanding Securities
(including the Notes) under the Indenture that are affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder, 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 TIA, or make any other change that does not adversely affect the rights
of any Holder of a Note. 
 7. Redemption. 

The Issuer may at its option redeem any of the Notes in whole or in part at any 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; and 

 (ii) the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of 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 the Treasury
Rate (as defined below) plus 15 basis points, 
 plus in each case accrued interest thereon to the date of redemption. 

Notwithstanding the foregoing, installments of interest on 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 the Quotation Agent as having a
maturity comparable to the remaining term 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 the Notes. 
 “Comparable Treasury Price” means, with respect to any redemption date,
(i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 

“Quotation Agent” means the Reference Treasury Dealer appointed by the Issuer. 

“Reference Treasury Dealer” means (i) Banc of America Securities LLC, BNP Paribas Securities Corp. or J.P. Morgan
Securities Inc. (or their respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Issuer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date,
the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent 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
annum equal to the semi-annual equivalent 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 Comparable Treasury Price for such
redemption date. 
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption
date to each Holder 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 shall be selected by lot by the Depositary, in the case of Notes represented by a Global Note, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case of Notes
that are not represented by a Global Note. 
 8. 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 will
automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any Holder. 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 in their interest.

 9. Authentication. 

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

10. 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). 

 11. 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 the 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.

 12. Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note thereof. 

  

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. 
 In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the
period referred to in Rule 144(d) under the Securities Act after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned
confirms that such Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

					
	(1)	  	 ̈	  	to the Issuer; or
			
	(2)	  	 ̈	  	pursuant to an effective registration statement under the United States Securities Act of 1933; or
			
	(3)	  	 ̈	  	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the United States Securities Act of 1933) that purchases for its own
account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the United States Securities Act of
1933; or

					
	(4)	  	 ̈	  	outside the United States in an offshore transaction within the meaning of Regulation S under the United States Securities Act in compliance with Rule 904 under the United States
Securities Act of 1933; or
			
	(5)	  	 ̈	  	pursuant to the exemption from registration provided by Rule 144 under the United States Securities Act of 1933.
	
	Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the
registered holder thereof; provided, however, that if box (4) or (5) is checked, the Trustee shall be entitled to require, prior to registering any such transfer of the Notes, such legal opinions, certifications and other
information as the Issuer has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the United States Securities Act of 1933, such as the
exemption provided by Rule 144 under such Act.

  

					
		 		 	  

		 		 	Signature
			
	Signature Guarantee:	 		 	
			
	  
	 		 	  

	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed
by an “eligible guarantor institution” meeting the requirements of the 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 Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 
  

 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the United States Securities Act of 1933, and is aware that the sale to it is being made in
reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is
relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

							
	Dated:	 	                    	 		 	  

		 		 		 	 Notice:    To be executed by

                an executive officer

 

 SCHEDULE OF EXCHANGES OF NOTES 

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 NOTE DUE 2040] 

ORACLE CORPORATION 

5.375% Note due 2040 
  

			
	No.	 	 CUSIP No.:

ISIN No.:

$ 
 ORACLE
CORPORATION, a Delaware corporation (the “Issuer”), for value received promises to pay to CEDE & CO. or registered assigns, the principal sum of          DOLLARS on
July 19, 2040. 
 Interest Payment Dates: January 15 and July 15 (each, an “Interest Payment
Date”), commencing on January 15, 2011. 
 Interest Record Dates: January 1 and July 1 (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 officers. 
  

					
	ORACLE CORPORATION
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: July 19, 2010 

 

			
	 The Bank of New York Mellon Trust

Company, N.A., as Trustee

		
	By:	 	  

		 	Authorized Signatory

 (REVERSE OF NOTE) 

ORACLE CORPORATION 

5.375% Note due 2040 

1. Interest 

Oracle Corporation (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 the most recent date to which interest has been paid; or, if no interest has been paid, from July 19, 2010. 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 January 15, 2011. 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 NASDAQ 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. 

Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as paying agent. The Issuer may
change any paying agent without notice to the Holders. 
 3. Indenture; Defined Terms. 

This Note is one of the 5.375% Notes due 2040 (the “Notes”) issued under an indenture dated as of January 13, 2006
(the “Base Indenture”) by and among the Issuer (formerly known as Ozark Holding Inc.), Oracle Systems Corporation (formerly known as Oracle Corporation) and Citibank, N.A., as amended by a supplemental indenture dated as of
May 9, 2007 (together with the Base Indenture, the “Indenture”) by and among the Issuer, Citibank, N.A. and the Trustee, and established pursuant to an Officers’ Certificate dated July 19, 2010, issued pursuant to
Section 2.01 and Section 2.03 thereof (together, 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 of 1939 (15 U.S.C. Sections 77aaa-77bbbb) (the “TIA”) as in
effect on the date on which the Indenture was qualified under the TIA. 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 TIA for a statement of them.
To the extent the terms of the Indenture and this Note are inconsistent, the terms of the Indenture shall govern. 
 4.
Denominations; Transfer; Exchange. 
 The Notes are in registered form, without coupons, in denominations of $2,000 and multiples
of $1,000 thereafter. 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. 

5. Registration Rights 

The Holder of this Note is entitled to the benefits of the Registration Rights Agreement, dated July 19, 2010, between the Issuer and
the Initial Purchasers named therein (the “Registration Rights Agreement”). The interest rate on this Note will increase by a rate of 0.25% per annum upon the occurrence of certain events specified in the Registration Rights
Agreement for the periods specified therein. 
 6. 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 all series of Outstanding Securities (including the Notes) under
the Indenture that are affected by such amendment, supplement or waiver (voting as a single class). Without notice to or consent of any Holder, 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 TIA, or make any other change that does not adversely affect the rights of any Holder of a Note.

 7. Redemption. 

The Issuer may at its option redeem any of the Notes in whole or in part at any 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; and 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of
such payments of interest accrued as of 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 the Treasury Rate (as defined below) plus 25 basis points,

 plus in each case accrued interest thereon to the date of redemption. 

Notwithstanding the foregoing, installments of interest on 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 the Quotation Agent as having a
maturity comparable to the remaining term 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 the Notes. 
 “Comparable Treasury Price” means, with respect to any redemption date,
(i) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Quotation Agent obtains fewer than four such Reference
Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation. 

“Quotation Agent” means the Reference Treasury Dealer appointed by the Issuer. 

“Reference Treasury Dealer” means (i) Banc of America Securities LLC, BNP Paribas Securities Corp. and J.P. Morgan
Securities Inc. (or their respective affiliates that are Primary Treasury Dealers) and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City
(a “Primary Treasury Dealer”), the Issuer will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer selected by the Issuer. 

 “Reference Treasury Dealer Quotations” means, with respect to each
Reference Treasury Dealer and any redemption date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to
the Quotation Agent 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 annum equal to the semi-annual equivalent 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 Comparable Treasury Price for such redemption date. 

Notice of any redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder 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 shall be selected by lot by the Depositary, in the case of Notes represented by a Global Note, or by the Trustee by a method the Trustee deems to be fair and appropriate, in the case of Notes that are not represented by a
Global Note. 
 8. 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 will
automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any Holder. 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 in their interest.

 9. Authentication. 

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

10. 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). 

11. 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 the 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.

 12. Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note thereof. 

  

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. 

In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the period referred to in Rule
144(d) under the Securities Act after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned confirms that such Notes are being
transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

					
	(1)	  	 ̈	  	to the Issuer; or
			
	(2)	  	 ̈	  	pursuant to an effective registration statement under the United States Securities Act of 1933; or
			
	(3)	  	 ̈	  	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the United States Securities Act of 1933) that purchases for its own account
or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the United States Securities Act of 1933; or

					
	(4)	  	 ̈	  	outside the United States in an offshore transaction within the meaning of Regulation S under the United States Securities Act in compliance with Rule 904 under the United States
Securities Act of 1933; or
			
	(5)	  	 ̈	  	pursuant to the exemption from registration provided by Rule 144 under the United States Securities Act of 1933.

Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any
person other than the registered holder thereof; provided, however, that if box (4) or (5) is checked, the Trustee shall be entitled to require, prior to registering any such transfer of the Notes, such legal opinions,
certifications and other information as the Issuer has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the United States Securities
Act of 1933, such as the exemption provided by Rule 144 under such Act. 
  

							
		 		 		 	  

		 		 		 	Signature
	Signature Guarantee:	 		 		 	
				
	  
	 		 		 	  

	Signature must be guaranteed	 		 		 	Signature

 Signatures must be guaranteed
by an “eligible guarantor institution” meeting the requirements of the 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 Registrar in addition to, or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 

 
  

 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the United States Securities Act of 1933, and is aware that the sale to it is being made in
reliance on Rule 144A and acknowledges that it has received such information regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is
relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
	Dated:	 	                    	 		 	  

		 		 		 	Notice:	 	 To be executed by
 an
executive officer

 SCHEDULE OF EXCHANGES OF NOTES 

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

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