Document:

EX-4.11

 Exhibit 4.11 
  

 
  

EIGHTH SUPPLEMENTAL INDENTURE 

Dated as of 

April 7, 2020 

Between 
 BAIDU, INC.

 as Company 

and 
 THE BANK OF NEW
YORK MELLON 
 as Trustee 
  

 
 3.075% NOTES
DUE 2025 
 3.425% NOTES DUE 2030 
  

 
  

 EIGHTH SUPPLEMENTAL INDENTURE dated as of April 7, 2020 between Baidu, Inc., an exempted
company incorporated in the Cayman Islands (the “Company”), and The Bank of New York Mellon, a banking corporation organized and existing under the laws of the State of New York with limited liability, as trustee (the
“Trustee”). 
 WITNESSETH: 

WHEREAS, the Company and the Trustee executed and delivered an Indenture dated as of November 28, 2012 (the “Base
Indenture”) to provide for the issuance of debentures, notes, bonds or other evidences of indebtedness in an unlimited aggregate principal amount to be issued from time to time in one or more series (such Base Indenture, as supplemented and
amended by this Eighth Supplemental Indenture and all indentures supplemental thereto with respect to the Notes (as defined below) herein referred to as the “Indenture”); 

WHEREAS, the Company has duly authorized the issuance of US$600,000,000 aggregate principal amount of 3.075% Notes due 2025 (the “2025
Notes”), and US$400,000,000 aggregate principal amount of 3.425% Notes due 2030 (the “2030 Notes” and, together with the 2025 Notes, the “Notes”); 

WHEREAS, the Company has duly authorized the execution and delivery of this Eighth Supplemental Indenture pursuant to Section 14.01 of
the Base Indenture to establish the terms and the form of the Notes in accordance with Sections 2.01, 3.01 and 3.03 of the Base Indenture; 

WHEREAS, all things necessary to make this Eighth Supplemental Indenture a valid and legally binding agreement of the Company, in accordance
with its terms, have been done. 
 NOW, THEREFORE, THIS EIGHTH SUPPLEMENTAL INDENTURE WITNESSETH: 

That, in consideration of the premises and the purchase of the Notes by the Holders thereof for the equal and proportionate benefit of all of
the present and future Holders of the Notes, each party agrees and covenants as follows: 
 ARTICLE I 

SCOPE AND DEFINITIONS 

Section 1.01    Scope. The changes, modifications and supplements to the Base Indenture effected by this
Eighth Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes and shall not apply to any other series of Securities that may be issued under the Base Indenture unless a supplemental indenture with respect
to such other series of Securities specifically incorporates such changes, modifications and supplements. 

Section 1.02    Definitions. 

(a)    Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Base
Indenture. 

 (b)    As used herein, the following additional defined terms shall have
the following meanings with respect to the Notes only and be equally applicable to both the singular and the plural forms of any of the terms herein defined: 

“2025 Notes” has the meaning provided in the recitals. 

“2030 Notes” has the meaning provided in the recitals. 

“Additional 2025 Notes” has the meaning provided in Section 2.01(c). 

“Additional 2030 Notes” has the meaning provided in Section 2.02(c). 

“Base Indenture” has the meaning provided in the recitals hereof. 

“BNY Mellon Group” has the meaning provided in Section 3.07. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker 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 2025 Notes or the 2030 Notes, as the case may be, to be
redeemed. 
 “Comparable Treasury Price” means, with respect to any Redemption Date pursuant to Section 2.02, (1) the
average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Company obtains fewer than three such Reference Treasury Dealer
Quotations, the average of all quotations obtained. 
 “DTC” means The Depository Trust Company, New York, New York. 

“Eighth Supplemental Indenture” means this instrument. 

“Group” means the Company and its Controlled Entities. 

“Independent Financial Advisor” means an accounting, appraisal, investment banking firm or consultant of nationally
recognized standing that is reasonably acceptable to the Trustee. 
 “Independent Investment Banker” means one of the
Reference Treasury Dealers appointed by the Company. 
 “Initial 2025 Notes” has the meaning provided in
Section 2.01(c). 
 “Initial 2030 Notes” has the meaning provided in Section 2.01(c). 

“Lien” means any mortgage, charge, pledge, lien or other form of encumbrance or security interest. 

  
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 “Make Whole Amount” means an amount determined on the fifth Business Day
before the Redemption Date pursuant to Section 2.03 that is equal to the sum of (i) the present value of the principal amount of the Notes to be redeemed, assuming a scheduled repayment thereof on the date of Stated Maturity for payment of
principal on such Notes plus (ii) the present value of the remaining scheduled payments of interest to and including such date of Stated Maturity for payment of principal on such Notes discounted to such Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, the actual number of days elapsed) at the Treasury Yield plus 45
basis points in the case of the 2025 Notes and 45 basis points in the case of the 2030 Notes. 

“Non-listed Controlled Entities” means the Controlled Entities other than
(i) any Controlled Entities with shares of common stock or other common equity interests listed on an internationally recognized stock exchange; and (ii) any Subsidiaries or Consolidated Affiliated Entities of any Controlled Entity
referred to in clause (i) of this definition. 
 “Non-recourse Obligation”
means indebtedness or other obligations substantially related to (1) the acquisition of assets not previously owned by the Company or any of its Controlled Entities or (2) the financing of a project involving the purchase, development,
improvement or expansion of properties of the Company or any of its Controlled Entities, as to which the obligee with respect to such indebtedness or obligation has no recourse to the Company or any of its Controlled Entities or to the
Company’s or any such Controlled Entity’s assets other than the assets which were acquired with the proceeds of such transaction or the project financed with the proceeds of such transaction (and the proceeds thereof). 

“Notes” has the meaning provided in the recitals hereof and Section 2.01(c). 

“PRC Business Day” means a day other than a Saturday, Sunday or a day on which banking institutions in the PRC are authorized
or obligated by law, regulation or executive order to remain closed. 
 “Prospectus Supplement” means the preliminary
prospectus supplement, dated March 31, 2020, or the prospectus supplement, dated April 1, 2020, relating to the offering of the Notes. 

“Reference Treasury Dealer” means each of any three investment banks of recognized standing that is a primary U.S. government
securities dealer in the United States, selected by the Company in good faith. 
 “Reference Treasury Dealer Quotation”
means, with respect to each Reference Treasury Dealer and any Redemption Date pursuant to Section 2.03, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer as of 5:00 p.m., New York City time, on the fifth Business Day before such Redemption Date. 

“Relevant Indebtedness” means any indebtedness which is in the form of, or represented or evidenced by, bonds, notes,
debentures, loan stock or other securities which for the time being are, or are intended to be or are commonly, quoted, listed or dealt in or traded on any stock exchange or
over-the-counter or other securities market. 

  
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 “Treasury Yield” means, with respect to any Redemption Date pursuant to
Section 2.03, the rate per annum equal to the semi-annual equivalent yield to maturity (computed as of the fifth Business Day before such Redemption Date) of the Comparable Treasury Issue, calculated using 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. 

“Triggering Event” means (A) any change in or amendment to the laws, regulations and rules of the PRC or the official
interpretation or official application thereof (“Change in Law”) that results in (1) the Group (as in existence immediately subsequent to such Change in Law), as a whole, being legally prohibited from operating substantially
all of the business operations conducted by the Group (as in existence immediately prior to such Change in Law) as of the last date of the period described in the consolidated financial statements of the Company for the most recent fiscal quarter
and (2) the Company being unable to continue to derive substantially all of the economic benefits from the business operations conducted by the Group (as in existence immediately prior to such Change in Law) in the same manner as reflected in
the consolidated financial statements of the Company for the most recent fiscal quarter and (B) the Company has not furnished to the Trustee, prior to the date that is twelve months after the date of the Change in Law, an opinion from an
Independent Financial Advisor or an Independent Legal Counsel stating either (1) the Company is able to continue to derive substantially all of the economic benefits from the business operations conducted by the Group (as in existence
immediately prior to such Change in Law), taken as a whole, as reflected in the consolidated financial statements of the Company for the most recent fiscal quarter (including after giving effect to any corporate restructuring or reorganization plan
of the Company) or (2) such Change in Law would not materially adversely affect the Company’s ability to make principal and interest payments on the Notes when due. 

“Triggering Event Offer” has the meaning set forth in Section 2.05(a). 

“Triggering Event Payment” has the meaning set forth in Section 2.05(a). 

“Triggering Event Payment Date” has the meaning set forth in Section 2.05(a). 

Section 1.03    Rules of Construction. For all purposes of this Eighth Supplemental Indenture, except as
otherwise expressly provided or unless the context otherwise requires: 
 (a)    The words “herein,”
“hereof” and “hereunder” and other words of similar import refer to this Eighth Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. 

(b)    References to “Article” or “Section” or other subdivision herein are references
to an Article, Section or other subdivision of this Eighth Supplemental Indenture, unless the context otherwise requires. 

(c)    References to any agreement, instrument, statute or regulation defined or referred to herein or in any instrument
establishing the terms of the Notes (or executed in 

  
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connection therewith) are references to such agreement, instrument, statute or regulation as from time to time amended, modified, supplemented or replaced, including (in the case of agreements or
instruments) by waiver or consent and by succession of comparable successor agreements, instruments, statutes or regulations. 
 ARTICLE
II 
 THE NOTES 

Section 2.01    Terms of the 2025 Notes. The 2025 Notes are hereby created and designated as a separate series
of Securities under the Base Indenture. The following terms relate to the 2025 Notes: 
 (a)    The 2025 Notes shall
constitute a separate series of Securities under the Base Indenture having the title “3.075% Notes due 2025.” 

(b)    The 2025 Notes shall be issued at a price of 99. 793% of the principal amount thereof, other than any offering
discounts pursuant to the initial offering and resale of the 2025 Notes. 
 (c)    The aggregate principal amount
of the 2025 Notes (the “Initial 2025 Notes”) that may be initially authenticated and delivered under the Indenture shall be US$600,000,000. The Company may from time to time, without the consent of the Holders of the Notes, issue
additional Notes (in any such case “Additional 2025 Notes”) having the same terms and conditions as the Initial 2025 Notes in all respects (or in all respects except for the Issue Date, the issue price or the first Interest Payment
Date). Any Additional 2025 Notes and the Initial 2025 Notes shall constitute a single series under the Indenture, provided that if such Additional 2025 Notes are not fungible with the Initial 2025 Notes for U.S. federal income tax purposes,
such Additional 2025 Notes shall not have the same CUSIP, ISIN or other identifying number as the Initial 2025 Notes. All references to the “2025 Notes” shall include the Initial 2025 Notes and any Additional 2025 Notes unless the
context otherwise requires. The aggregate principal amount of each of the Additional 2025 Notes shall be unlimited. 

(d)    The entire outstanding principal of the 2025 Notes shall be payable on April 7, 2025. 

(e)    The rate at which the 2025 Notes shall bear interest shall be 3.075% per year. The date from which interest shall
accrue on the 2025 Notes shall be April 7, 2020, or the most recent Interest Payment Date to which interest has been paid or provided for. The Interest Payment Dates for the 2025 Notes shall be April 7 and October 7 of each year, beginning
October 7, 2020. Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on the March 22 and September 22 prior to each Interest Payment Date. The basis upon which interest shall be
calculated shall be that of a 360-day year consisting of twelve 30-day months. 

(f)    The 2025 Notes shall be issuable in whole in the form of one or more registered Global Securities, and the
Depositary for such Global Securities shall be DTC. The 

  
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2025 Notes shall be substantially in the form attached hereto as Exhibit A, the terms of which are herein incorporated by reference. The 2025 Notes shall be denominated in U.S. Dollars and shall
be issuable in minimum denominations of US$200,000 or any integral multiples of US$1,000 in excess thereof. 

(g)    The 2025 Notes may be redeemed at the option of the Company prior to the date of Stated Maturity for payment of
principal on the Notes, as provided in Section 2.03. 
 (h)    The 2025 Notes will not have the benefit of any
sinking fund. 
 (i)    Except as provided herein, the Holders of the 2025 Notes shall have no special rights in
addition to those provided in the Base Indenture upon the occurrence of any particular events. 
 (j)    The 2025 Notes
will be senior unsecured obligations of the Company and will rank at least equal in right of payment to all of the Company’s other existing and future unsecured and unsubordinated obligations (subject to any priority rights pursuant to
applicable law). 
 (k)    The restrictive covenants set forth in Sections 2.04 and 2.05 shall be applicable to the 2025
Notes. 
 Section 2.02    Terms of the 2030 Notes. The 2030 Notes are hereby created and designated as a
separate series of Securities under the Base Indenture. The following terms relate to the 2030 Notes: 
 (a)    The 2030
Notes shall constitute a separate series of Securities under the Base Indenture having the title “3.425% Notes due 2030.” 

(b)    The 2030 Notes shall be issued at a price of 99.539% of the principal amount thereof, other than any offering
discounts pursuant to the initial offering and resale of the 2030 Notes. 
 (c)    The aggregate principal amount of the
2030 Notes (the “Initial 2030 Notes”) that may be initially authenticated and delivered under the Indenture shall be US$400,000,000. The Company may from time to time, without the consent of the Holders of the Notes, issue
additional Notes (in any such case “Additional 2030 Notes”) having the same terms and conditions as the Initial 2030 Notes in all respects (or in all respects except for the Issue Date, the issue price or the first Interest Payment
Date). Any Additional 2030 Notes and the Initial 2030 Notes shall constitute a single series under the Indenture, provided that if such Additional 2030 Notes are not fungible with the Initial 2030 Notes for U.S. federal income tax purposes,
such Additional 2030 Notes shall not have the same CUSIP, ISIN or other identifying number as the Initial 2030 Notes. All references to the “2030 Notes” shall include the Initial 2030 Notes and any Additional 2030 Notes unless the
context otherwise requires. The aggregate principal amount of each of the Additional 2030 Notes shall be unlimited. 

(d)    The entire outstanding principal of the 2030 Notes shall be payable on April 7, 2030. 

  
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 (e)    The rate at which the 2030 Notes shall bear interest shall be
3.425% per year. The date from which interest shall accrue on the 2030 Notes shall be April 7, 2020, or the most recent Interest Payment Date to which interest has been paid or provided for. The Interest Payment Dates for the 2030 Notes shall
be April 7 and October 7 of each year, beginning October 7, 2020. Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on the March 22 and September 22 prior to each Interest
Payment Date. The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day months. 

(f)    The 2030 Notes shall be issuable in whole in the form of one or more registered Global Securities, and the
Depositary for such Global Securities shall be DTC. The 2030 Notes shall be substantially in the form attached hereto as Exhibit B, the terms of which are herein incorporated by reference. The 2030 Notes shall be denominated in U.S. Dollars and
shall be issuable in minimum denominations of US$200,000 or any integral multiples of US$1,000 in excess thereof. 

(g)    The 2030 Notes may be redeemed at the option of the Company prior to the date of Stated Maturity for payment of
principal on the 2030 Notes, as provided in Section 2.03. 
 (h)    The 2030 Notes will not have the benefit of any
sinking fund. 
 (i)    Except as provided herein, the Holders of the 2030 Notes shall have no special rights in
addition to those provided in the Base Indenture upon the occurrence of any particular events. 
 (j)    The 2030 Notes
will be senior unsecured obligations of the Company and will rank at least equal in right of payment to all of the Company’s other existing and future unsecured and unsubordinated obligations (subject to any priority rights pursuant to
applicable law). 
 (k)    The restrictive covenants set forth in Sections 2.04 and 2.05 shall be applicable to the 2030
Notes. 
 Section 2.03    Optional Redemption. 

(a)    The provisions of Article IV of the Base Indenture, as amended by the provisions of this Eighth Supplemental
Indenture, shall apply to the Notes. 
 (b)    The Company may, upon giving not less than 30 nor more than 60 days’
notice to (i) the Trustee and (ii) Holders of the 2025 Notes or the 2030 Notes (which notice shall be irrevocable), as the case may be, redeem the 2025 Notes at any time prior to March 7, 2025, and the 2030 Notes at any time prior to
January 7, 2030, in each case, in whole or in part, at a redemption amount equal to the greater of (x) 100% of the principal amount of such Notes to be redeemed and (y) the Make Whole Amount, plus, in each case, accrued and unpaid
interest, if any, to, but not including, the Redemption Date (subject to the right of Holders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date); provided that the principal amount of a Note
remaining outstanding after redemption in part shall be US$200,000 or an integral multiple of US$1,000 in excess thereof. 

  
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 (c)    In addition, the Company may, upon giving not less than 30 nor
more than 60 days’ notice to (i) the Trustee and (ii) Holders of the 2025 Notes or the 2030 Notes (which notice shall be irrevocable), as the case may be, redeem the 2025 Notes at any time from or after March 7, 2025, and the
2030 Notes at any time from or after January 7, 2030, in each case, in whole or in part, at a redemption amount equal to 100% of the principal amount of the applicable Notes to be redeemed. 

(d)    If the Redemption Date pursuant to this Section 2.03 is on or after the relevant Record Date and on or before
the related Interest Payment Date, any accrued and unpaid interest to the Redemption Date pursuant to this Section 2.03 shall be paid on such Interest Payment Date to the Person in whose name a Note is registered at the close of business on
such Record Date. 
 (e)    The Company or any of its Controlled Entities may, in accordance with all applicable laws
and regulations, at any time purchase the Notes in the open market or otherwise at any price, so long as such purchase does not otherwise violate the terms of the Indenture. The Notes that the Company or its Affiliates purchase may, in the
discretion of the Company, be held, resold or canceled, but will only be resold in compliance with applicable requirements or exemptions under the relevant securities laws. 

Section 2.04    Limitation on Liens. The following additional covenant shall apply with respect to the 2025
Notes and the 2030 Notes so long as any of the 2025 Notes or the 2030 Notes, as the case may be, remain outstanding: 

(a)    Subject to the exceptions set forth in Section 2.04(b) below, the Company will not create or have outstanding,
and the Company will ensure that none of its Principal Controlled Entities will create or have outstanding, any Lien upon the whole or any part of their respective present or future undertaking, assets or revenues (including any uncalled capital)
securing any Relevant Indebtedness, or create or have outstanding any guarantee or indemnity in respect of any Relevant Indebtedness either of the Company or of any of its Principal Controlled Entities, without (x) at the same time or prior
thereto securing or guaranteeing the 2025 Notes or the 2030 Notes, as the case may be, equally and ratably therewith or (y) providing such other security or guarantee for the 2025 Notes or the 2030 Notes, as the case may be, as shall be
approved by an act of the Holders of such series of Notes holding at least a majority of the principal amount of such series of Notes then Outstanding. 

(b)    The restriction set forth in Section 2.04(a) above will not apply to: 

(i)    any Lien arising or already arisen automatically by operation of law which is timely discharged or
disputed in good faith by appropriate proceedings; 
 (ii)    any Lien in respect of the obligations of
any Person which becomes a Principal Controlled Entity or which merges with or into the Company or a Principal Controlled Entity after the date hereof which is in existence at the date on 

  
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which it becomes a Principal Controlled Entity or merges with or into the Company or a Principal Controlled Entity; provided that any such Lien was not incurred in anticipation of such
acquisition or of such Person becoming a Principal Controlled Entity or being merged with or into the Company or a Principal Controlled Entity; 

(iii)    any Lien created or outstanding in favor of the Company; 

(iv)    any Lien in respect of Relevant Indebtedness of the Company or any Principal Controlled Entity with
respect to which the Company or such Principal Controlled Entity has paid money or deposited money or securities with a fiscal agent, trustee or depositary to pay or discharge in full the obligations of the Company or such Principal Controlled
Entity in respect thereof (other than the obligation that such money or securities so paid or deposited, and the proceeds therefrom, be sufficient to pay or discharge such obligations in full); 

(v)    any Lien created in connection with Relevant Indebtedness of the Company or any Principal Controlled
Entity denominated in Chinese Renminbi and initially offered, marketed or issued primarily to Persons resident in the PRC; 

(vi)    any Lien created in connection with a project financed with, or created to secure, Non-recourse Obligations; or 
 (vii)    any Lien arising out of the
refinancing, extension, renewal or refunding of any Relevant Indebtedness secured by any Lien permitted by the foregoing clause (ii), (v), (vi) or (vii) of this Section 2.04(b); provided that such Relevant Indebtedness is not
increased beyond the principal amount thereof (together with the costs of such refinancing, extension, renewal or refunding) and is not secured by any additional property or assets. 

Section 2.05    Repurchase Upon Triggering Event. The following additional covenant shall apply with respect
to the Notes so long as any of the Notes remain outstanding: 
 (a)    If a Triggering Event occurs, unless the Company
has exercised its right to redeem all of the Notes pursuant to Section 2.03 hereof or Section 4.07 of the Base Indenture, the Company shall make an offer to repurchase all or, at the Holder’s option, any part (equal to US$200,000 or
multiples of US$1,000 in excess thereof) of each Holder’s Notes pursuant to the offer described below (the “Triggering Event Offer”), at a purchase price in cash equal to 101% of the aggregate principal amount of the Notes
repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but not including, the date of purchase (the “Triggering Event Payment”) (subject to the right of Holders of record on the relevant Record Date to
receive interest due on the relevant Interest Payment Date). Within 30 days following a Triggering Event, unless the Company has exercised its right to redeem all of the Notes pursuant to Section 2.03 hereof or Section 4.07 of the Base
Indenture, the Company will mail a notice of such Triggering Event Offer to each Holder or otherwise give notice in accordance with the applicable procedures of DTC, with a copy to the Trustee, stating: 

  
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 (i)    that a Triggering Event Offer is being made
pursuant to this Section 2.05, including a description of the transaction or transactions that constitute the Triggering Event, and that all Notes properly tendered pursuant to such Triggering Event Offer will be accepted for purchase by the
Company at a purchase price in cash equal to 101% of the aggregate principal amount of such Notes plus accrued and unpaid interest, if any, on such Notes to the date of purchase (subject to the right of Holders of record on the relevant Record Date
to receive interest due on the relevant Interest Payment Date); 
 (ii)    the purchase date (which shall
be no earlier than 30 days and no later than 60 days from the date such notice is mailed) (the “Triggering Event Payment Date”); 

(iii)    that Notes must be tendered in amounts of US$200,000 or multiples of US$1,000 in excess thereof,
and any Note not properly tendered will remain outstanding and continue to accrue interest; 

(iv)    that, unless the Company defaults in the payment of the Triggering Event Payment, any Note accepted
for payment pursuant to the Triggering Event Offer will cease to accrue interest on and after the Triggering Event Payment Date; 

(v)    that Holders electing to have any Notes purchased pursuant to a Triggering Event Offer will be
required to surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the Paying Agent specified in the notice at the address specified in the notice prior to the close of
business on the third Business Day preceding the Triggering Event Payment Date; 
 (vi)    that Holders
shall be entitled to withdraw their tendered Notes and their election to require the Company to purchase such Notes; provided that the Paying Agent receives at the address specified in the notice, not later than the close of business on the
30th day following the date of the Triggering Event notice, a telegram, facsimile transmission or letter setting forth the name of the Holder of the Notes, the principal amount of Notes tendered for purchase, and a statement that such Holder is
withdrawing its tendered Notes and its election to have such Notes purchased; 
 (vii)    that if a
Holder is tendering less than all of its Notes, such Holder will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (the unpurchased portion of the Notes must be equal to US$200,000 or an integral
multiple of US$1,000 in excess thereof); and 
 (viii)    the other instructions, as determined by the
Company consistent with this Section 2.05, that a Holder must follow. 
 The notice, if sent in a manner herein provided, shall be
conclusively presumed to have been given, whether or not the Holder receives such notice. If (A) the notice is sent in a manner herein provided and (B) any Holder fails to receive such notice or a Holder receives such notice but it is
defective, such Holder’s failure to receive such notice or such defect shall not affect the validity of the proceedings for the purchase of the Notes as to all other Holders that properly received such notice without defect. 

  
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 (b)    On the Triggering Event Payment Date, the Company will, to the
extent lawful: 
 (i)    accept for payment all Notes or portions of Notes (of US$200,000 or integral
multiples of US$1,000 in excess thereof) properly tendered pursuant to the Triggering Event Offer; 

(ii)    deposit with the Paying Agent, one Business Day prior to the Triggering Event Payment Date, an
amount equal to the Triggering Event Payment in respect of all Notes or portions of Notes properly tendered; and 

(iii)    deliver or cause to be delivered to the Trustee for cancellation the Notes properly accepted
together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company in accordance with the terms of this Section 2.05. 

(c)    The Paying Agent shall promptly mail, to each Holder who properly tendered Notes, the purchase price for such Notes
properly tendered, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book-entry) to each such Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided
that each new Note will be in a principal amount of US$200,000 or a multiple of US$1,000 in excess thereof. 
 (d)    If
the Triggering Event Payment Date is on or after the relevant Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest to the Triggering Event Payment Date shall be paid on such Interest Payment Date to the
Person in whose name a Note is registered at the close of business on such Record Date. 
 (e)    The Company will not
be required to make a Triggering Event Offer upon a Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases
all Notes properly tendered and not withdrawn under its offer. In the event that such third party terminates or defaults its offer, the Company will be required to make a Triggering Event Offer treating the date of such termination or default as
though it were the date of the Triggering Event. 
 (f)    The Company shall comply with the requirements of Rule 14e-1 under the Exchange Act, to the extent applicable, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes
as a result of a Triggering Event. To the extent that the provision of any such securities laws or regulations conflicts with the Triggering Event Offer provisions of the Notes, the Company will comply with those securities laws and regulations and
will not be deemed to have breached its obligations under the Triggering Event Offer provisions of the Notes by virtue of any such conflict. 

  
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 Section 2.06    NDRC Post-issue Filing. The Company will
notify the Trustee if it does not file or cause to be filed with the NDRC the requisite information and documents required to be filed with the NDRC within 10 PRC Business Days after the completion of the Notes issuance in accordance with the
Circular on Promoting the Reform of the Administrative System on the Issuance by Enterprises of Foreign Debt Filings and Registrations
(国家发展改革委关于推进企业发行外债备案登记制管理改革的通知
(发改外资[2015]2044号)) issued by the NDRC and which came into effect on September 14, 2015 and any implementation rules as issued by the NDRC as in
effect at such time (the “Post-Issuance Filing”). Such notification to the Trustee shall be made within 10 PRC Business Days after such failure to complete the Post-Issuance Filing. 

Section 2.07    Covenant Defeasance. Upon the Company’s exercise under Section 12.03(a) of the Base
Indenture of the option applicable to Section 12.03(c) thereof, the Company shall, subject to the satisfaction of the conditions set forth in Section 12.03(d) thereof, be released from its obligations under the covenants contained in
Section 6.04 and Section 6.06 thereof and from its obligations under the covenants contained in Section 2.04 and Section 2.05 of this Eighth Supplemental Indenture, on and after the date the conditions set forth in
Section 12.03(d) thereof are satisfied. 
 Section 2.08    Supplemental Indentures. 

(a)    Definition of “Principal Controlled Entity” under Section 1.01 of the Base Indenture shall be
replaced in its entirety by the following with respect to the Notes only: 
 ““Principal Controlled Entities” at any
time shall mean one of the Non-listed Controlled Entities of the Company: 
 (i) as
to which one or more of the following conditions is/are satisfied: 
 (A) its total revenue or (in the case of one of the Non-listed Controlled Entities of the Company which has one or more Non-listed Controlled Entities) consolidated total revenue attributable to the Company is at least 10% of
the consolidated total revenue of the Company; 
 (B) its net profit or (in the case of one of the Non-listed Controlled Entities of the Company which has one or more Non-listed Controlled Entities) consolidated net profit attributable to the Company (in each case before
taxation and exceptional items) is at least 10% of the consolidated net profit of the Company (before taxation and exceptional items); or 

(C) its net assets or (in the case of one of the Non-listed Controlled Entities of the
Company which has one or more Non-listed Controlled Entities) consolidated net assets attributable to the Company (in each case after deducting minority interests in Subsidiaries) are at least 10% of the
consolidated net assets of the Company (after deducting minority interests in Subsidiaries); 

  
 12 

 all as calculated by reference to the then latest audited financial
statements (consolidated or, as the case may be, unconsolidated) of the Non-listed Controlled Entity of the Company and the then latest audited consolidated financial statements of the
Company; provided that, in relation to clauses (A), (B) and (C) above: 
 (1) in the case of a
corporation or other business entity becoming a Non-listed Controlled Entity after the end of the financial period to which the latest consolidated audited accounts of the Company relate, the reference to the
then latest consolidated audited accounts of the Company and its Non-listed Controlled Entities for the purposes of the calculation above shall, until the consolidated audited accounts of the Company for the
financial period in which the relevant corporation or other business entity becomes a Non-listed Controlled Entity are issued, be deemed to be a reference to the then latest consolidated audited accounts of
the Company and its Non-listed Controlled Entities adjusted to consolidate the latest audited accounts (consolidated in the case of a Non-listed Controlled Entity which
itself has Controlled Entities) of such Non-listed Controlled Entity in such accounts; 

(2) if at any relevant time in relation to the Company or any Non-listed Controlled
Entity which itself has Non-listed Controlled Entities, no consolidated accounts are prepared and audited, total revenue, net profit or net assets of the Company and/or any such
Non-listed Controlled Entity shall be determined on the basis of pro forma consolidated accounts prepared for this purpose by or on behalf of the Company; 

(3) if at any relevant time in relation to any Non-listed Controlled Entity, no
accounts are audited, its net assets (consolidated, if appropriate) shall be determined on the basis of pro forma accounts (consolidated, if appropriate) of the relevant Non-listed Controlled Entity prepared
for this purpose by or on behalf of the Company; and 
 (4) if the accounts of any
Non-listed Controlled Entity (not being a Non-listed Controlled Entity referred to in proviso (1) above) are not consolidated with the accounts of the Company, then
the determination of whether or not such Non-listed Controlled Entity is a Principal Controlled Entity shall be based on a pro forma consolidation of its accounts (consolidated, if appropriate) with the
consolidated accounts of the Company (determined on the basis of the foregoing); or 
 (ii) to which is transferred all or
substantially all of the assets of a Controlled Entity which immediately prior to the transfer was a Principal Controlled Entity; provided that, with effect from such transfer, the Controlled Entity which so transfers its assets and
undertakings shall cease to be a Principal Controlled Entity (but without prejudice to paragraph (i) above) and the Controlled Entity to which the assets are so transferred shall become a Principal Controlled Entity. 

An Officers’ Certificate delivered to the Trustee certifying in good faith as to whether or not a
Non-listed Controlled Entity is a Principal Controlled Entity shall be conclusive in the absence of manifest error.” 

  
 13 

 (b)    Section 4.02(a) of the Base Indenture shall be replaced in its
entirety by the following with respect to the Notes only: 
 “If the Company shall at any time elect to redeem all or any portion of
the Securities of a series then Outstanding, it shall at least 15 calendar days (or such shorter period acceptable to the Trustee) prior to the date the notice of redemption is to be mailed, notify the Trustee of such Redemption Date and of the
principal amount of Securities to be redeemed, and the Notes to be redeemed will be selected (i) if listed on a national securities exchange or held through the clearing systems then in compliance with the requirements of such national
securities exchange or the clearing system, and (ii) if the Notes are not listed on any securities exchange and are not held through the clearing systems then pro rata, by lot or in such other manner as the trustee deems appropriate in its sole
discretion, unless otherwise required by law and which may provide for the selection for redemption of a portion of the principal amount of any Security of such series; provided that the unredeemed portion of the principal amount of any Security
shall be in an authorized denomination (which shall not be less than the minimum authorized denomination) for such Security. In any case where more than one Security of such series is registered in the same name, the Trustee may treat the aggregate
principal amount so registered as if it were represented by one Security of such series. If the Notes are in definitive form, the Trustee shall, as soon as practicable, notify the Company in writing of the Securities and portions of Securities so
selected.” 
 (c)    Section 6.05(a) of the Base Indenture shall be replaced in its entirety by the following with
respect to the Notes only: 
 “All payments of principal, premium, if any, and interest made by the Company in respect of any Security
shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (collectively, “Taxes”) imposed or levied by or within the British
Virgin Islands, the Cayman Islands, the PRC or any jurisdiction where the Company is otherwise considered by a taxing authority to be a resident for tax purposes (in each case, including any political subdivision or any authority therein or thereof
having power to tax) (the “Relevant Jurisdiction”), unless such withholding or deduction of such Taxes is required by law. If the Company is required to make such withholding or deduction, the Company shall pay such additional
amounts (“Additional Amounts”) as will result in receipt by each Holder of Securities of such amounts as would have been received by such Holder had no such withholding or deduction of such Taxes been required, except that no such
Additional Amounts shall be payable: 
 (i)    in respect of any such Taxes that would not have been
imposed, deducted or withheld but for the existence of any connection (whether present or former) between the Holder or beneficial owner of a Security and the Relevant Jurisdiction other than merely holding such Security or receiving principal,
premium, if any, or interest in respect thereof (including such Holder or beneficial owner being or having been a 

  
 14 

 
national, domiciliary or resident of such Relevant Jurisdiction or treated as a resident thereof or being or having been physically present or engaged in a trade or business therein or having or
having had a permanent establishment therein); 
 (ii)    in respect of any Security presented for
payment (where presentation is required) more than 30 days after the relevant date, except to the extent that the Holder thereof would have been entitled to such Additional Amounts on presenting the same for payment on the last day of such 30-day period. For this purpose, the “relevant date” in relation to any Security means the later of (a) the due date for such payment or (b) the date such payment was made or duly provided
for; 
 (iii)    in respect of any Taxes that would not have been imposed, deducted or withheld but for
a failure of the Holder or beneficial owner of a Security to comply with a timely request by the Company addressed to the Holder or beneficial owner to provide information concerning such Holder’s or beneficial owner’s nationality,
residence, identity or connection with any Relevant Jurisdiction, if and to the extent that due and timely compliance with such request is required under the tax laws of such jurisdiction in order to reduce or eliminate any withholding or deduction
as to which Additional Amounts would have otherwise been payable to such Holder; 
 (iv)    in respect
of any Taxes imposed as a result of a Security being presented for payment (where presentation is required) in the Relevant Jurisdiction, unless such Security could not have been presented for payment elsewhere; 

(v)    in respect of any estate, inheritance, gift, sales, transfer, personal property or similar Taxes;

 (vi)    to any Holder of a Security that is a fiduciary, partnership or person other than the sole
beneficial owner of any payment to the extent that such payment would be required to be included in the income under the laws of a Relevant Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, or a member of
that partnership or a beneficial owner who would not have been entitled to such Additional Amounts had that beneficiary, settlor, partner or beneficial owner been the Holder thereof; 

(vii)    with respect to any withholding or deduction that is imposed in connection with Sections
1471-1474 of the U.S. Internal Revenue Code and U.S. Treasury regulations thereunder (“FATCA”), any intergovernmental agreement between the United States and any other jurisdiction implementing or relating to FATCA or any non-U.S. law, regulation or guidance enacted or issued with respect thereto; 

(viii)    any such Taxes payable otherwise than by deduction or withholding from payments under or with
respect to any Security; or 
 (ix)    any combination of Taxes referred to in the preceding clauses
(i) through (viii) above.” 

  
 15 

 (d)    Section 7.01(e) of the Base Indenture shall be replaced in its
entirety by the following with respect to the Notes only: 
 “(i) there occurs with respect to any indebtedness of the Company, whether
such indebtedness exists as of the date hereof or shall hereafter be created, (A) an event of default that has resulted in the holder thereof declaring the principal of such indebtedness to be due and payable prior to its stated maturity or
(B) a failure to make a payment of principal, interest or premium when due (after giving effect to the expiration of any applicable grace period therefor, a “Payment Default”) and (ii) the outstanding principal amount of such
indebtedness, together with the outstanding principal amount of any of the Company’s other indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, is equal to or exceeds the greater of
(x) US$100,000,000 (or the Dollar Equivalent thereof) and (y) 2.5% of the Total Equity of the Company;” 

(e)    Section 7.01(f) of the Base Indenture shall be replaced in its entirety by the following with respect to the Notes
only: 
 “one or more final judgments or orders for the payment of money are rendered against the Company and are not paid or
discharged, and there is a period of 90 consecutive days following entry of the final judgment or order that causes the aggregate amount for all such final judgments or orders outstanding and not paid or discharged against the Company (net of any
amounts that the Company’s insurance carriers have paid or agreed to pay with respect thereto under applicable policies) to exceed the greater of (x) US$100,000,000 (or the Dollar Equivalent thereof) and (y) 2.5% of the Total Equity of the
Company, during which a stay of enforcement, by reason of a pending appeal or otherwise, is not in effect;” 

(f)    First sentence of Section 7.02(b) of the Base Indenture shall be replaced in its entirety by the following
with respect to the Notes only: 
 “In the event of a declaration of acceleration with respect to the Securities of any series because
of an Event of Default specified in Section 7.01(e) above shall occur, the declaration of acceleration with respect to the Securities of such series shall be automatically annulled if the Default triggering such Event of Default pursuant to
Section 7.01(e) above shall be remedied or cured by the Company or waived by the holders of the relevant indebtedness within 30 days after the declaration of acceleration with respect thereto and:” 

(g)    Section 14.01(h) of the Base Indenture shall be replaced in its entirety by the following with respect to the Notes
only: 
 “to conform the text of this Indenture or any series of the Securities to any provision of the section entitled
“Description of Debt Securities” in the Prospectus or of the section entitled “Description of the Notes” in the Prospectus Supplement to the extent that such provision in the Prospectus or the Prospectus Supplement, as the case
may be, was intended to be a verbatim recitation of a provision of this Indenture or such series of the Securities as evidenced by an Officers’ Certificate;” 

  
 16 

 (h)    Clause (xi) of Section 14.02(a) of the Base Indenture
shall be replaced in its entirety by the following with respect to the Notes only: 
 “reduce the amount of the premium payable upon
the redemption or repurchase of any Security or change the time at which any Security may be redeemed or repurchased as described in Section 4.07 of the Base Indenture or as described in Section 2.03 or 2.05 of the Eighth Supplemental
Indenture, whether through an amendment or waiver of provisions in the covenants, definitions or otherwise (except through amendments to the definition of “Triggering Event” if applicable).” 

ARTICLE III 

MISCELLANEOUS PROVISIONS 

Section 3.01    Confirmation of Indenture. The Base Indenture, as supplemented and amended by this Eighth
Supplemental Indenture, is in all respects ratified and confirmed, and the Base Indenture, this Eighth Supplemental Indenture and all indentures supplemental thereto with respect to the Notes shall be read, taken and construed as one and the same
instrument. 
 Section 3.02    Severability. If any provision in this Eighth Supplemental Indenture or in
the Notes shall be held to be invalid, illegal or unenforceable under applicable law, then the remaining provisions in this Eighth Supplemental Indenture or in the Notes shall be construed as though such invalid, illegal or unenforceable provision
were not contained herein. 
 Section 3.03    Conflicts with Base Indenture. In the event that any provision
of this Eighth Supplemental Indenture limits, qualifies or conflicts with a provision of the Base Indenture, such provision of the Eighth Supplemental Indenture shall prevail. 

Section 3.04    Benefits of Indenture. Nothing in this Eighth Supplemental Indenture expressed and nothing
that may be implied from any of the provisions hereof is intended, or shall be construed, to confer upon, or to give to, any Person other than the parties hereto and their successors and the Holders of the Notes any benefit or any right, remedy or
claim under or by reason of this Eighth Supplement Indenture or the Base Indenture or any covenant, condition, stipulation, promise or agreement hereof or thereof, and all covenants, conditions, stipulations, promises and agreements contained herein
or therein shall be for the sole and exclusive benefit of the parties hereto and their successors and of the Holders of the Notes. 

Section 3.05    Counterparts . This Eighth Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 3.06    Governing Law; Waiver of Trial by Jury. This Eighth Supplemental Indenture and the
Notes shall be deemed to be contracts made under the law of the State of New 

  
 17 

 
York, and for all purposes shall be governed by and construed in accordance with the law of said State (without regard to conflicts of laws principles thereof that would permit the application of
the laws of another jurisdiction). 
 Section 3.07    Information Sharing. The Company understands that
The Bank of New York Mellon is a global financial organization that operates in and provides services and products to clients through affiliates and subsidiaries located in multiple jurisdictions (the “BNY Mellon Group”). The
Company also understands that the BNY Mellon Group may centralize in one or more affiliates, subsidiaries or unaffiliated service providers certain activities, including audit, accounting, administration, risk management, legal, compliance, sales,
marketing, relationship management, and the storage, maintenance, aggregation, processing and analysis of information and data regarding the Company and any accounts maintained by it with the BNY Mellon Group. Consequently, the Company hereby
consents and authorizes The Bank of New York Mellon to disclose to other members of the BNY Mellon Group (and their respective officers, directors and employees) on a
need-to-know basis information and data regarding the Company and any accounts established pursuant to this Eighth Supplemental Indenture in connection with the
foregoing activities. To the extent that information and data includes personal data encompassed by relevant data protection legislation applicable to the Company, the Company represents and warrants that it is authorized to provide the foregoing
consents and authorizations and that the disclosure to The Bank of New York Mellon will comply with the relevant data protection legislation. The Company acknowledges and agrees that information concerning the Company may be disclosed to
unaffiliated service providers that the Trustee, where practicable, has previously identified in writing to the Company and who are required in writing to maintain the same level of confidentiality of such information, or when required by law to
governmental and regulatory authorities in jurisdictions where the BNY Mellon Group operates. 
 EACH OF THE COMPANY AND THE TRUSTEE HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS EIGHTH SUPPLEMENTAL INDENTURE. 

[Signatures on following page] 

  
 18 

 IN WITNESS WHEREOF, the parties have caused this Eighth Supplemental Indenture to be duly
executed as of the date first written above. 
  

			
	 BAIDU, INC.,
 as
Issuer

		
	By:	 	 /s/ Robin Yanhong Li

	Name: Robin Yanhong Li
	Title: Chief Executive Officer

 
			
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:	 	 /s/ Elton Ma

	Name: Elton Ma
	Title: Vice President

 EXHIBIT A 

FORM OF 3.075% NOTES DUE 2025 

FACE OF NOTE 
 [For Inclusion in a Global
Security only — UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY
A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.] 

BAIDU, INC. 
 3.075% Note Due 2025

 PRINCIPAL AMOUNT: US$_________ 
 CUSIP: 056752 AQ1 

No.: _________ 
 Baidu, Inc., an exempted company
incorporated in the Cayman Islands (the “Company,” which term includes any successor thereto under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to Cede & Co, or registered
assigns, the principal sum of __________________ U.S. DOLLARS (US$_____) (or such other principal amount as shall be set forth in the Schedule of Increases or Decreases in Note attached hereto) on April 7, 2025 , or on such earlier date as the
principal hereof may become due in accordance with the provisions of this Note. 
 Interest Rate: 3.075% per annum. 

Interest Payment Dates: April 7 and October 7, commencing October 7, 2020 

Record Dates: March 22 and September 22. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have
the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been manually signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 A-1 

 IN WITNESS WHEREOF, Baidu, Inc. has caused this Note to be duly executed. 

 

			
	BAIDU, INC.
		
	By:	 	             

		 	Name:
		 	Title:

  
 A-2 

 CERTIFICATE OF AUTHENTICATION 

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

Date of authentication: 
  

			
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:	 	             

		 	Authorized Signatory

  

  
 A-3 

 REVERSE OF NOTE 

BAIDU, INC. 
 3.075% Note Due 2025

 This Note is one of a duly authorized issue of debt securities of the Company of the series designated as the “3.075% Notes due
2025” (the “Notes”), all issued or to be issued under and pursuant to an Indenture, dated as of November 28, 2012 (the “Base Indenture”), duly executed and delivered by and between the Company and The Bank
of New York Mellon, a banking corporation organized and existing under the laws of the State of New York with limited liability, as trustee (the “Trustee,” which term includes any successor trustee), as supplemented by the Eighth
Supplemental Indenture, dated as of April 7, 2020 (the “Eighth Supplemental Indenture”), duly executed and delivered by and between the Company and the Trustee. The Base Indenture as supplemented and amended by the Eighth
Supplemental Indenture and all indentures supplemental thereto with respect to the Notes is referred to herein as the “Indenture”. Capitalized terms used herein and not otherwise defined shall have the meanings given them in the
Indenture. 
 1. Interest. The Company promises to pay interest on the principal amount of this Note at a rate of 3.075% per annum.
The Company will pay interest semi-annually in arrears on April 7 and October 7 of each year. If a payment date is not a Business Day as defined in the Indenture at a Place of Payment, payment may be made at that place on the next
succeeding day that is a Business Day, and no interest shall accrue for the intervening period. Interest shall be computed on the basis of a 360-day year of twelve
30-day months and, in the case of an incomplete month, the actual number of days elapsed. 
 2.
Method of Payment. The Company shall pay interest on the Notes (except Defaulted Interest), if any, to the Persons in whose name such Notes are registered at the close of business on the Record Date referred to on the face of this Note
immediately preceding the related Interest Payment Date, even if any Notes are canceled, repurchased or redeemed on or after such Record Date and on or before such Interest Payment Date. Payment of interest on the Notes shall be made, in the
currency of the United States of America that at the time is legal tender for payment of public and private debts, at the specified office of the Paying Agent or, at the option of the Company, by check mailed to the address of the Person entitled
thereto as such address shall appear in the Register or, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated by the Holder. 

3. Paying Agent, Authenticating Agent and Registrar. Initially, The Bank of New York Mellon, the Trustee, will act as Paying Agent,
Authenticating Agent and Registrar. The Company may change or appoint any Paying Agent or Registrar without notice to any Noteholder. The Company may act in any such capacity. 

4. 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 (“TIA”) as in effect on the date the Indenture is qualified. The Notes are subject to all such terms, and Noteholders are 

  
 A-4 

 
referred to the Indenture and TIA for a statement of such terms. The Notes are unsecured general obligations of the Company and constitute the series designated on the face of this Note as the
“3.075% Notes due 2025,” initially limited to US$600,000,000 in aggregate principal amount. The Company will furnish to any Noteholder upon written request and without charge a copy of the Base Indenture and the Eighth Supplemental
Indenture. Requests may be made to: Baidu, Inc., Baidu Campus, No. 10 Shangdi 10th Street, Haidian District, Beijing 100085, People’s Republic of China, Attention: Legal Department. 

5. Redemption and Repurchase. The Notes are subject to optional redemption, and may be the subject of a Triggering Event Offer, as
further described in the Indenture. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

6. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in the denominations of US$200,000 or any
integral multiple of US$1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Notes may be presented for exchange or for registration of transfer (duly endorsed or with the form
of transfer endorsed thereon duly executed if so required by the Company or the Registrar) at the office of the Registrar or at the office of any transfer agent designated by the Company for such purpose. The Company need not exchange or register
the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. 

7. Persons Deemed Owners. The registered Noteholder may be treated as its owner for all purposes. 

8. Amendments, Supplements and Waivers. The Indenture and the Notes may be amended or supplemented as provided in the Indenture. Any
consent or waiver by the Noteholders as provided in the Indenture shall be conclusive and binding upon such Holders and upon all future Noteholders and holders of any security issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon the Notes. 
 9. Defaults and Remedies. The Events of
Default relating to the Notes are defined in Section 7.01 of the Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Company, the Trustee and the Noteholders shall be as set forth in the applicable
provisions of the Indenture. 
 10. No Recourse Against Others. No recourse under or upon any obligation, covenant or agreement
contained in the Indenture or the Notes, or because of any indebtedness evidenced thereby, shall be had against any incorporator as such, or against any past, present or future stockholder, officer, director or employee, as such, of the Company or
of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability
being expressly waived and released by the acceptance hereof and as part of the consideration for the issue hereof. 

  
 A-5 

 11. Authentication. This Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee. 
 12. Governing Law.
The Base Indenture, the Eighth Supplemental Indenture and this Note shall be deemed to be contracts made under the law of the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State
(without regard to conflicts of laws principles thereof that would permit the application of the laws of another jurisdiction). 

  
 A-6 

 ASSIGNMENT 

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

[PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE] 
  

 
  

 
 [PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE] 
  
  

the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                                         
                                        Attorney to
transfer such Note on the books of the Issuer, with full power of substitution in the premises. 
  

					
		  		  	Signature:
			
	Dated:                             	  		  	                                     
                                         
          
		  	                                	  	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

 SIGNATURE GUARANTEE 

[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 Securities Exchange Act of 1934, as amended.] 

  
 A-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 2.05 of the Eighth Supplemental Indenture, check the
box below: 
 ☐  Section 2.05 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 2.05 of the Eighth Supplemental
Indenture, state the amount you elect to have purchased: 
 US$_________ 

 

							
	Date:                         	 		 	Your Signature:	 	  

		 		 		 	 (Sign exactly as your name appears
on the face of this Note)

 

		 		 	Tax Identification No:	 	  

		 		 		 	  
 Signature Guarantee:

 

		 		 		 	  

  
 A-8 

 SCHEDULE OF INCREASES OR DECREASES IN
NOTE* 
 The initial principal amount of this Note is US$_________. The following
increases or decreases in a part of this Note have been made: 
  

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

		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

  
  

	* 	 Insert in Global Notes. 

  
 A-9 

 EXHIBIT B 

FORM OF 3.425% NOTES DUE 2030 

FACE OF NOTE 
 [For Inclusion in a Global
Security only — UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY
A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.] 

BAIDU, INC. 
 3.425% Note Due 2030

 PRINCIPAL AMOUNT: US$_________ 
 CUSIP: 056752 AR9 

No.: _________ 
 Baidu, Inc., an exempted company
incorporated in the Cayman Islands (the “Company,” which term includes any successor thereto under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to Cede & Co, or registered
assigns, the principal sum of __________________ U.S. DOLLARS (US$_____) (or such other principal amount as shall be set forth in the Schedule of Increases or Decreases in Note attached hereto) on April 7, 2030, or on such earlier date as the
principal hereof may become due in accordance with the provisions of this Note. 
 Interest Rate: 3.425% per annum. 

Interest Payment Dates: April 7 and October 7, commencing October 7, 2020. 

Record Dates: March 22 and September 22. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have
the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been manually signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 B-1 

 IN WITNESS WHEREOF, Baidu, Inc. has caused this Note to be duly executed. 

 

			
	BAIDU, INC.
		
	By:	 	             

		 	Name:
		 	Title:

  
 B-2 

 CERTIFICATE OF AUTHENTICATION 

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

Date of authentication: 
  

			
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:	 	             

		 	Authorized Signatory

  
 B-3 

 REVERSE OF NOTE 

BAIDU, INC. 
 3.425% Note Due 2030

 This Note is one of a duly authorized issue of debt securities of the Company of the series designated as the “3.425% Notes due
2030” (the “Notes”), all issued or to be issued under and pursuant to an Indenture, dated as of November 28, 2012 (the “Base Indenture”), duly executed and delivered by and between the Company and The Bank
of New York Mellon, a banking corporation organized and existing under the laws of the State of New York with limited liability, as trustee (the “Trustee,” which term includes any successor trustee), as supplemented by the Eighth
Supplemental Indenture, dated as of April 7, 2020 (the “Eighth Supplemental Indenture”), duly executed and delivered by and between the Company and the Trustee. The Base Indenture as supplemented and amended by the Eighth
Supplemental Indenture and all indentures supplemental thereto with respect to the Notes is referred to herein as the “Indenture”. Capitalized terms used herein and not otherwise defined shall have the meanings given them in the
Indenture. 
 1. Interest. The Company promises to pay interest on the principal amount of this Note at a rate of 3.425% per annum.
The Company will pay interest semi-annually in arrears on April 7 and October 7 of each year. If a payment date is not a Business Day as defined in the Indenture at a Place of Payment, payment may be made at that place on the next
succeeding day that is a Business Day, and no interest shall accrue for the intervening period. Interest shall be computed on the basis of a 360-day year of twelve
30-day months and, in the case of an incomplete month, the actual number of days elapsed. 
 2.
Method of Payment. The Company shall pay interest on the Notes (except Defaulted Interest), if any, to the Persons in whose name such Notes are registered at the close of business on the Record Date referred to on the face of this Note
immediately preceding the related Interest Payment Date, even if any Notes are canceled, repurchased or redeemed on or after such Record Date and on or before such Interest Payment Date. Payment of interest on the Notes shall be made, in the
currency of the United States of America that at the time is legal tender for payment of public and private debts, at the specified office of the Paying Agent or, at the option of the Company, by check mailed to the address of the Person entitled
thereto as such address shall appear in the Register or, in accordance with arrangements satisfactory to the Trustee, by wire transfer to an account designated by the Holder. 

3. Paying Agent, Authenticating Agent and Registrar. Initially, The Bank of New York Mellon, the Trustee, will act as Paying Agent,
Authenticating Agent and Registrar. The Company may change or appoint any Paying Agent or Registrar without notice to any Noteholder. The Company may act in any such capacity. 

4. 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 (“TIA”) as in effect on the date the Indenture is qualified. The Notes are subject to all such terms, and Noteholders are 

  
 B-4 

 
referred to the Indenture and TIA for a statement of such terms. The Notes are unsecured general obligations of the Company and constitute the series designated on the face of this Note as the
“3.425% Notes due 2030,” initially limited to US$400,000,000 in aggregate principal amount. The Company will furnish to any Noteholder upon written request and without charge a copy of the Base Indenture and the Eighth Supplemental
Indenture. Requests may be made to: Baidu, Inc., Baidu Campus, No. 10 Shangdi 10th Street, Haidian District, Beijing 100085, People’s Republic of China, Attention: Legal Department. 

5. Redemption and Repurchase. The Notes are subject to optional redemption, and may be the subject of a Triggering Event Offer, as
further described in the Indenture. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes. 

6. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in the denominations of US$200,000 or any
integral multiple of US$1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Notes may be presented for exchange or for registration of transfer (duly endorsed or with the form
of transfer endorsed thereon duly executed if so required by the Company or the Registrar) at the office of the Registrar or at the office of any transfer agent designated by the Company for such purpose. The Company need not exchange or register
the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part. 

7. Persons Deemed Owners. The registered Noteholder may be treated as its owner for all purposes. 

8. Amendments, Supplements and Waivers. The Indenture and the Notes may be amended or supplemented as provided in the Indenture. Any
consent or waiver by the Noteholders as provided in the Indenture shall be conclusive and binding upon such Holders and upon all future Noteholders and holders of any security issued upon the registration of transfer hereof or in exchange herefor or
in lieu hereof, whether or not notation of such consent or waiver is made upon the Notes. 
 9. Defaults and Remedies. The Events of
Default relating to the Notes are defined in Section 7.01 of the Indenture. Upon the occurrence of an Event of Default, the rights and obligations of the Company, the Trustee and the Noteholders shall be as set forth in the applicable
provisions of the Indenture. 
 10. No Recourse Against Others. No recourse under or upon any obligation, covenant or agreement
contained in the Indenture or the Notes, or because of any indebtedness evidenced thereby, shall be had against any incorporator as such, or against any past, present or future stockholder, officer, director or employee, as such, of the Company or
of any successor, either directly or through the Company or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability
being expressly waived and released by the acceptance hereof and as part of the consideration for the issue hereof. 

  
 B-5 

 11. Authentication. This Note shall not be entitled to any benefit under the
Indenture or be valid or obligatory for any purpose until authenticated by the manual signature of the Trustee. 
 12. Governing Law.
The Base Indenture, the Eighth Supplemental Indenture and this Note shall be deemed to be contracts made under the law of the State of New York, and for all purposes shall be governed by and construed in accordance with the law of said State
(without regard to conflicts of laws principles thereof that would permit the application of the laws of another jurisdiction). 

  
 B-6 

 ASSIGNMENT 

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

[PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE] 
  

 
  

 
 [PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING
ZIP CODE, OF ASSIGNEE] 
  
  

the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                                         
                                        Attorney to
transfer such Note on the books of the Issuer, with full power of substitution in the premises. 
  

					
		  		  	Signature:
			
	Dated:                             	  		  	                                     
                                         
          
		  	                                	  	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

 SIGNATURE GUARANTEE 

[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 Securities Exchange Act of 1934, as amended.] 

  
 B-7 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 2.05 of the Eighth Supplemental Indenture, check the
box below: 
 ☐  Section 2.05 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 2.05 of the Eighth Supplemental
Indenture, state the amount you elect to have purchased: 
 US$_________ 

 

							
	Date:                         	 		 	Your Signature:	 	  

		 		 		 	 (Sign exactly as your name appears
on the face of this Note)

 

		 		 	Tax Identification No:	 	  

		 		 		 	  
 Signature Guarantee:

 

		 		 		 	  

  
 B-8 

 SCHEDULE OF INCREASES OR DECREASES IN
NOTE* 
 The initial principal amount of this Note is US$_________. The following
increases or decreases in a part of this Note have been made: 
  

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

		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

  

	* 	 Insert in Global Notes. 

  
 B-9kura-ex101_6.htm

 

Exhibit 10.1

FIRST AMENDMENT
TO
LOAN AND SECURITY AGREEMENT

THIS FIRST AMENDMENT to Loan and Security Agreement (this “Amendment”) is entered into as of April 3, 2020, by and between Silicon Valley Bank (“Bank”) and KURA ONCOLOGY, INC., a Delaware corporation (“Borrower”).

Recitals

A.Bank and Borrower have entered into that certain Loan and Security Agreement dated as of November 1, 2018 (as the same may from time to time be further amended, modified, supplemented or restated, collectively, the “Loan Agreement”).  

B.Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement.  

C.Borrower has requested that Bank amend the Loan Agreement to (i) modify the Draw Period, and (ii) make certain other revisions to the Loan Agreement as more fully set forth herein.

D.Bank has agreed to so amend certain provisions of the Loan Agreement, but only to the extent, in accordance with the terms, subject to the conditions and in reliance upon the representations and warranties set forth below.

Agreement

Now, Therefore, in consideration of the foregoing recitals and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

1.Definitions.  Capitalized terms used but not defined in this Amendment shall have the meanings given to them in the Loan Agreement.

2.Amendments to Loan Agreement.

2.1Section 6.11 (Formation or Acquisition of Subsidiaries).  Section 6.11 of the Loan Agreement hereby is amended and restated in its entirety to read as follows:

“6.11Formation or Acquisition of Subsidiaries.  Notwithstanding and without limiting the negative covenants contained in Sections 7.3 and 7.7 hereof, at the time that Borrower forms any direct or indirect Subsidiary or acquires any direct or indirect Subsidiary after the Effective Date (including, without limitation, pursuant to a Division), Borrower shall (a) in the case of a Domestic Subsidiary, cause such new Subsidiary to provide to Bank a joinder to the Loan Agreement to cause such Subsidiary to become a co-borrower, together with such appropriate financing statements and/or Control Agreements, all in form and substance satisfactory to Bank (including being sufficient to grant Bank a first priority Lien (subject to Permitted Liens) in and to the assets of such newly formed or acquired Subsidiary), (b) provide to Bank appropriate certificates and powers and financing statements, pledging all of the direct or beneficial ownership interest in such new Subsidiary, in form and substance satisfactory to Bank; provided that in the case of a Foreign Subsidiary such pledge will not include more than 65% of the voting equity interests in such Subsidiary, and (c) provide to Bank all other 

 

 

documentation in form and substance satisfactory to Bank which in its opinion is appropriate with respect to the execution and delivery of the applicable documentation referred to above.  Any document, agreement, or instrument executed or issued pursuant to this Section 6.11 shall be a Loan Document.

2.2 Section 7.1 (Dispositions).  Section 7.1 of the Loan Agreement hereby is amended and restated in its entirety to read as follows:

“7.1Dispositions.  Convey, sell, lease, transfer, assign, or otherwise dispose of (including, without limitation, pursuant to a Division) (collectively, “Transfer”), or permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for Transfers (a) of Inventory in the ordinary course of business; (b) of worn‐out, surplus, or obsolete Equipment  that is, in the reasonable judgment of Borrower, no longer economically practicable to maintain or useful in the ordinary course of business of Borrower; (c) consisting of Borrower’s use or transfer of money or Cash Equivalents in connection with transactions not prohibited hereunder, in the ordinary course of business, and consistent with the then applicable Annual Projections; (d) consisting of Permitted Liens, Permitted Investments and Permitted Licenses; (e) consisting of the sale or issuance of any stock of Borrower permitted under Section 7.2 of this Agreement; (f) consisting of Borrower’s use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents; and (g) other assets of Borrower or its Subsidiaries that do not in the aggregate exceed Five Hundred Thousand Dollars ($500,000.00) during any fiscal year.”

2.3 Section 7.3 (Mergers or Acquisitions).  Section 7.3 of the Loan Agreement hereby is amended and restated in its entirety to read as follows:

“7.3Mergers or Acquisitions.  Merge or consolidate, or permit any of its Subsidiaries to merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person (including, without limitation, by the formation of any Subsidiary or pursuant to a Division).  A Subsidiary may merge or consolidate into another Subsidiary or into Borrower.”

2.4Section 13 (Definitions).  The following terms and their respective definitions hereby are added or amended and restated in their entirety in Section 13.1 of the Loan Agreement, as appropriate, as follows:

“Division” means, in reference to any Person which is an entity, the division of such Person into two (2) or more separate Persons, with the dividing Person either continuing or terminating its existence as part of such division, including, without limitation, as contemplated under Section 18-217 of the Delaware Limited Liability Company Act for limited liability companies formed under Delaware law, or any analogous action taken pursuant to any other applicable law with respect to any corporation, limited liability company, partnership or other entity.

“Draw Period” is the period of time from the Effective Date through the earlier to occur of (a) November 30, 2020 or (b) an Event of Default.

2

 

3.Limitation of Amendments.

3.1The amendments set forth in Section 2, above, are effective for the purposes set forth herein and shall be limited precisely as written and shall not be deemed to (a) be a consent to any amendment, waiver or modification of any other term or condition of any Loan Document, or (b) otherwise prejudice any right or remedy which Bank may now have or may have in the future under or in connection with any Loan Document.

3.2This Amendment shall be construed in connection with and as part of the Loan Documents and all terms, conditions, representations, warranties, covenants and agreements set forth in the Loan Documents, except as herein amended, are hereby ratified and confirmed and shall remain in full force and effect.

4.Representations and Warranties.  To induce Bank to enter into this Amendment, Borrower hereby represents and warrants to Bank as follows:

4.1Immediately after giving effect to this Amendment (a) the representations and warranties contained in the Loan Documents are true, accurate and complete in all material respects as of the date hereof (except to the extent such representations and warranties relate to an earlier date, in which case they are true and correct as of such date), and (b) no Event of Default has occurred and is continuing;

4.2Borrower has the power and authority to execute and deliver this Amendment and to perform its obligations under the Loan Agreement, as amended by this Amendment;

4.3The organizational documents of Borrower delivered to Bank on the Effective Date remain true, accurate and complete and have not been amended, supplemented or restated and are and continue to be in full force and effect;

4.4The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, have been duly authorized;

4.5The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not and will not contravene (a) any law or regulation binding on or affecting Borrower, (b) any contractual restriction with a Person binding on Borrower, (c) any order, judgment or decree of any court or other governmental or public body or authority, or subdivision thereof, binding on Borrower, or (d) the organizational documents of Borrower;

4.6The execution and delivery by Borrower of this Amendment and the performance by Borrower of its obligations under the Loan Agreement, as amended by this Amendment, do not require any order, consent, approval, license, authorization or validation of, or filing, recording or registration with, or exemption by any governmental or public body or authority, or subdivision thereof, binding on Borrower, except as already has been obtained or made; and

4.7This Amendment has been duly executed and delivered by Borrower and is the binding obligation of Borrower, enforceable against Borrower in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, liquidation, moratorium or other similar laws of general application and equitable principles relating to or affecting creditors’ rights.

3

 

5.Ratification of Perfection Certificate.  Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms and disclosures contained in a certain Perfection Certificate dated on or prior to the Effective Date and acknowledges, confirms and agrees that the disclosures and information Borrower provided to Bank in such Perfection Certificate have not changed, as of the date hereof.

6.Counterparts.  This Amendment may be executed in any number of counterparts and all of such counterparts taken together shall be deemed to constitute one and the same instrument.

7.Effectiveness.  This Amendment shall be deemed effective upon (a) the due execution and delivery to Bank of (i) this Amendment by each party hereto, (ii) an updated Corporate Borrowing Certificate from Borrower in the form attached hereto, and (iii) all Bank Expenses due and owing as of the date hereof, which may be debited from any of Borrower’s accounts at Bank.

[Balance of Page Intentionally Left Blank]

 

4

 

In Witness Whereof, the parties hereto have caused this Amendment to be duly executed and delivered as of the date first written above.

		
	
BANK

 

SILICON VALLEY BANK

 

 

By:  /s/ Anthony Flores

 

Name:       Anthony Flores

 

Title:       Managing Director
	
BORROWER

 

KURA ONCOLOGY, INC.

 

 

By:  /s/ Marc Grasso, M.D.

 

Name:       Marc Grasso, M.D.

 

Title:       CFO and CBO

	
 
	
 

 

[Signature Page to First Amendment to Loan and Security Agreement]

 

 

 

SECRETARY’S CORPORATE BORROWING certificatE

 

 

Borrower:  KURA ONCOLOGY, INC.Date: April 3, 2020

Bank:  Silicon Valley Bank

 

I hereby certify as follows, as of the date set forth above:

 

1.  I am the Secretary, Assistant Secretary or other officer of Borrower.

 

2.  Borrower’s exact legal name is set forth above.  Borrower is a corporation duly organized, existing and in good standing under the laws of the State of Delaware.

 

3.  Attached hereto as Exhibit A is a true, correct and complete copy of Borrower’s Certificate of Incorporation (including amendments), as filed with the Secretary of State of the state in which Borrower is incorporated as set forth above.  Such Certificate of Incorporation has not been amended, annulled, rescinded, revoked or supplemented, and remains in full force and effect as of the date hereof.  

 

4.  Attached hereto as Exhibit B is a true, correct and complete copy of Borrower’s By-Laws (including amendments).  Such By-Laws have not been amended, rescinded, revoked or supplemented, and remain in full forces and effect as of the date hereof.

 

5.  The following resolutions were duly and validly adopted by Borrower’s Board of Directors at a duly held meeting of such directors (or pursuant to a unanimous written consent or other authorized corporate action).  Such resolutions are in full force and effect as of the date hereof and have not been in any way modified, repealed, rescinded, amended or revoked, and Silicon Valley Bank (“Bank”) may rely on them until Bank receives written notice of revocation from Borrower.

 

Resolved, that any one of the following officers or employees of Borrower, whose names, titles and signatures are below, may act on behalf of Borrower:

 

				
	

Name
	

Title
	

Signature
	
Authorized to Add or Remove Signatories

 

	
 
	
 
	
 
	
□

 

	
 
	
 
	
 
	
□

 

	
 
	
 
	
 
	
□

 

	
 
	
 
	
 
	
□

 

 

Resolved Further, that any one of the persons designated above with a checked box beside his or her name may, from time to time, add or remove any individuals to and from the above list of persons authorized to act on behalf of Borrower.

--

 

 

Resolved Further, that such individuals may, on behalf of Borrower:

 

Borrow Money.  Borrow money from Bank.

Execute Loan Documents.  Execute any loan documents Bank requires. 

Grant Security.  Grant Bank a security interest in any of Borrower’s assets.

Negotiate Items.  Negotiate or discount all drafts, trade acceptances, promissory notes, or other indebtedness in which Borrower has an interest and receive cash or otherwise use the proceeds.

Apply for Letters of Credit.  Apply for letters of credit from Bank.

Enter Derivative Transactions.  Execute spot or forward foreign exchange contracts, interest rate swap agreements, or other derivative transactions.

Further Acts.  Designate other individuals to request advances, pay fees and costs and execute other documents or agreements (including documents or agreement that waive Borrower’s right to a jury trial) they believe to be necessary to effect these resolutions.

 

Resolved Further, that all acts authorized by the above resolutions and any prior acts relating thereto are ratified. 

 

6.  The persons listed above are Borrower’s officers or employees with their titles and signatures shown next to their names.

 

 

By:  

Name:  

Title:  

 

 

*** If the Secretary, Assistant Secretary or other certifying officer executing above is designated by the resolutions set forth in paragraph 5 as one of the authorized signing officers, this Certificate must also be signed by a second authorized officer or director of Borrower.

 

 

I, the __________________________ of Borrower, hereby certify as to paragraphs 1 through 6 above, as of the date set forth above.

 

 

By:  

Name:  

Title:  

 

--

 

Exhibit A

 

Certificate of Incorporation

--

 

Exhibit B

 

BYLAWS

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