Document:

EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 

ASSIGNMENT AND ASSUMPTION AGREEMENT 

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is made as of February 5, 2020, by SEASPAN CORPORATION, a
corporation duly organized and existing under the laws of the Marshall Islands (the “Existing Parent Company”), each of the undersigned GUARANTORS party hereto, ATLAS CORP., a corporation duly organized and existing under the
laws of the Marshall Islands (the “New Parent Company”) and each of the undersigned INVESTORS party hereto (each an “Investor” and collectively, the “Investors”).  

W I T N E S S E T H: 

WHEREAS, pursuant to a Permitted Reorganization (as defined in a thirteenth supplemental indenture, dated as of January 13, 2020,
among Seaspan Corporation, the guarantors party thereto and The Bank of New York Mellon (the “Thirteenth Supplemental Indenture”)), Seaspan Corporation, through a series of transactions, will become a direct wholly-owned subsidiary
of the New Parent Company. 
 WHEREAS, prior to the consummation of the Permitted Reorganization, the Existing Parent Corporation is
party to, among others, the following agreements: 
 (a) a subscription agreement, dated as of January 17, 2018, among
Seaspan Corporation and each of the other undersigned parties thereto (as amended, the “January 2018 Subscription Agreement”); 

(b) a registration rights agreement, dated as of February 14, 2018, among Seaspan Corporation and the investors specified
therein (as amended, the “February 2018 Registration Rights Agreement”); 
 (c) a subscription agreement,
dated as of March 13, 2018, among Seaspan Corporation and each of the other undersigned parties thereto (as amended, the “March 2018 Subscription Agreement”); 

(d) an omnibus agreement, dated May 31, 2018, among Seaspan Corporation and each of the other undersigned parties thereto
(the “Omnibus Agreement”); 
 (e) a warrant agreement, dated as of July 16, 2018, among Seaspan
Corporation, Wentworth Insurance Company Ltd. and Hamblin Watsa Investment Counsel Ltd. (as amended, the “July 2018 Warrant Agreement”); 

(f) a registration rights agreement, dated as of July 16, 2018, among Seaspan Corporation and the investors specified
therein (the “July 2018 Registration Rights Agreement”); and 
 (g) a registration rights agreement, dated
as of January 15, 2019, among Seaspan Corporation and the investors specified therein (as amended, the “January 2019 Registration Rights Agreement” and, together with the February 2018 Registration Rights Agreement and the July
2018 Registration Rights Agreement, the “Registration Rights Agreements”). 

 The “Specified Agreements” means the January 2018 Subscription Agreement, the February 2018
Registration Rights Agreement, the March 2018 Subscription Agreement, the Omnibus Agreement, the July 2018 Warrant Agreement, the July 2018 Registration Rights Agreement and the January 2019 Registration Rights Agreements. 

WHEREAS, the Existing Parent Company has advised the Investors that, contemporaneously with the Permitted Reorganization, Seaspan
Corporation will assign the Specified Agreements to the New Parent Company and the New Parent Company will assume the Specified Agreements, including, without limitation, any rights and obligations of the Existing Parent Company in each of the
Specified Agreements. 
 WHEREAS, each of the Investors consents to (i) the Existing Parent Company’s assignment of the
Specified Agreements to the New Parent Company and (ii) the New Parent Company’s assumption of the Specified Agreements.  

WHEREAS, the parties to this Agreement agree, as of the date hereof, to amend the requirement to maintain the listing of the
Registrable Debt Securities (as defined in each of the February 2018 Registration Rights Agreement and the January 2019 Registration Rights Agreement) on the New York Stock Exchange to allow the Existing Parent Company to list such Registrable Debt
Securities on the Global Exchange Market, or another national exchange as may be mutually agreed by the parties from time to time. 

NOW, THEREFORE, for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows: 
 1. Assignment. Subject to Sections 3, 5 and 6
hereof, the Existing Parent Company hereby assigns its rights and obligations under each of the Specified Agreements to the New Parent Company, in the same manner and with the same force and effect as if the New Parent Company had been specifically
named in the Specified Agreements, without the necessity for the execution by the Existing Parent Company of any other documents in addition to this Agreement. The foregoing assignment by the Existing Parent Company shall be absolute and
unconditional, and such assignment shall not be subject to any defenses, waivers, claims or offsets to the extent any may exist. Notwithstanding the foregoing, this Agreement shall not constitute an assignment of any rights or obligations of the
Investors under the Specified Agreements relating to the indenture, dated as of October 10, 2017 (the “Base Indenture”), providing for the issuance by the Existing Parent Company from time to time of its securities to be issued
in one or more series, which Base Indenture was amended and supplemented by (i) a second supplemental indenture, dated as of February 14, 2018 (the “Second Supplemental Indenture”), among the Existing Parent Company, the
guarantors party thereto and The Bank of New York Mellon, as trustee (the “Trustee”), providing for the issuance of a series of securities designated as its “5.50% Senior Notes due 2025”, in an aggregate principal amount
of $250,000,000 (the “2025 Notes”), (ii) a third supplemental indenture, dated as of February 22, 2018 (the “Third Supplemental Indenture”), among the Existing Parent Company, the

  
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guarantors party thereto and the Trustee, (iii) a fourth supplemental indenture, dated as of March 22, 2018 (the “Fourth Supplemental Indenture”), among the Existing Parent
Company, the guarantors party thereto and the Trustee, (iv) a fifth supplemental indenture, dated as of March 26, 2018 (the “Fifth Supplemental Indenture”), among the Existing Parent Company, the guarantors party thereto and
the Trustee, (v) a sixth supplemental indenture, dated as of March 26, 2018 (the “Sixth Supplemental Indenture”), among the Existing Parent Company, the guarantors party thereto and the Trustee, (vi) a seventh supplemental
indenture, dated as of June 8, 2018 (the “Seventh Supplemental Indenture”), among the Existing Parent Company, the guarantors party thereto and the Trustee, (vii) an eighth supplemental indenture, dated as of July 16,
2018 (the “Eighth Supplemental Indenture”), among the Existing Parent Company, the guarantors party thereto and the Trustee, (viii) a ninth supplemental indenture, dated as of January 15, 2019 (the “Ninth
Supplemental Indenture”), among the Existing Parent Company, the Guarantors and the Trustee, providing for the issuance of a series of securities designated as its “5.50% Senior Notes due 2026”, in an aggregate principal amount of
$250,000,000 (the “2026 Notes” and, together with the 2025 Notes, the “Notes”), (ix) a tenth supplemental indenture, dated as of January 15, 2019 (the “Tenth Supplemental Indenture”), among the
Existing Parent Company, the guarantors party thereto and the Trustee, (x) an eleventh supplemental indenture, dated as of August 22, 2019 (the “Eleventh Supplemental Indenture”), among the Existing Parent Company, the
guarantors party thereto and the Trustee, (xi) a twelfth supplemental indenture, dated as of August 22, 2019 (the “Twelfth Supplemental Indenture”), among the Existing Parent Company, the guarantors party thereto and the
Trustee, and (xii) the Thirteenth Supplemental Indenture. The Base Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental
Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Tenth Supplemental Indenture, the Eleventh Supplemental Indenture and Thirteenth Supplemental Indenture are referred to collectively as the “2025 Notes
Indenture”. The Base Indenture, the Ninth Supplemental Indenture and the Thirteenth Supplemental Indenture are referred to collectively as the “2026 Notes Indenture” (together with the 2025 Notes, the 2025 Notes Indenture
and the 2026 Notes, the “Fairfax Notes and Indentures”. 
 2. Assumption. Subject to Sections 3,
5 and 6 hereof, the New Parent Company hereby undertakes, accepts and assumes the assignment of each of the Specified Agreements and assumes all rights and obligations of the Existing Parent Company under each of the Specified
Agreements and covenants to perform and discharge the same in the same manner and with the same force and effect as if the New Parent Company had been specifically named in the Specified Agreements, without the necessity for the execution by the New
Parent Company of any other documents in addition to this Agreement. The foregoing assumption by the New Parent Company shall be absolute and unconditional, and such assumption shall not be subject to any defenses, waivers, claims or offsets to the
extent any may exist. The New Parent Company expressly agrees that it has read and approved of, and will comply with and be bound by all of the relevant terms and conditions contained in, the Specified Agreements to which it will be a party after
giving effect to this Agreement. Notwithstanding the foregoing, this Agreement shall not constitute an assumption of any rights or obligations of the Investors under the Specified Agreements relating to the Fairfax Notes and Indentures. From and
after the effectiveness of this Agreement, pursuant to Section 6 hereof, all references to the Existing Parent Company in each of the Specified Agreements shall be deemed to be to the New Parent Company, except to the extent such references
related to the Fairfax Notes and Indentures. 

  
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 3. Consent and Release; Effect on Warrants. Each Investor hereby consents to
the assignment and assumption of each of the Specified Agreements, as set forth in Section 1 and 2 above. The parties hereto agree that the Specified Agreements will remain in full force and effect after giving effect to this
Agreement. Each Investor, upon the effectiveness of this Agreement pursuant to Section 6 hereof, hereby releases the Existing Parent Company from all its duties and obligations with respect to the Specified Agreements other than
(i) any liabilities in respect of any breach occurring prior to the date of such release and (ii) obligations in relation to the Fairfax Notes and Indentures. The parties hereby acknowledge and agree that from and after the assignment and
assumption contemplated hereby, references to the “Company” shall be deemed to be references to New Parent Company and references to “Common Stock” shall be deemed to be references to common shares of New Parent Company, such
that by its terms, from and after the assignment and assumption contemplated hereby, the July 2018 Warrant Agreement shall apply with respect to common shares of New Parent Company on the same terms and conditions, and shall be exercisable for the
same number of common shares of the New Parent Company. 
 4. Successors and Assigns. All covenants and other agreements
contained in this Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their respective successors and assigns (including any subsequent holder of the Notes (as defined in the Thirteenth Supplemental Indenture),
the Warrants (as defined in the July 2018 Warrant Agreement) and the Registrable Shares (as defined in each of the Registration Rights Agreements)), whether so expressed or not. Nothing in this Agreement, expressed or implied, shall be construed to
confer upon any person (other than the parties hereto and their respective successors and assigns permitted hereby) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

5. Effect on Registration Rights Agreements; Amendment. The parties acknowledge and agree that in connection with the assignment and assumption
of the Registration Rights Agreements contemplated hereby, the provisions of the Registration Rights Agreements that relate to the Warrant Agreements (each as defined in the relevant Registration Rights Agreement), and to common shares issuable upon
exercise of the warrants issued under the Warrant Agreements (or to common shares previously issued as a result of the exercise of warrants), are hereby amended so that all references to the Company are deemed to be references to New Parent Company,
such that, for example, the obligation to prepare and file a resale registration statement with respect to common shares issuable upon exercise of the warrants issued under the Warrant Agreements shall be deemed to be references to resale
registration statements to be prepared, filed and maintained by New Parent Company with respect to common shares of New Parent Company issued upon exercise of warrants. In addition, the last sentence in each of Section 2.5 of the February 2018
Registration Rights Agreement and Section 2.5 of the January 2019 Registration Rights Agreement shall be deleted in its entirety and replaced, in each case, with the following sentence: 

“Following the initial listing of the Registrable Securities, the Company shall use its best efforts to: 

  
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 (i) maintain the listing of the Registrable Shares for so long as
Company’s Common Stock continues to be listed on the NYSE or, if the Common Stock is not then listed on the NYSE, on the primary national securities exchange or automated quotation system on which the Common Stock is then listed or authorized
for quotation or on any over-the-counter market; and 

(ii) list the Registrable Debt Securities on the Global Exchange Market, or another national exchange as may be mutually agreed
by the parties from time to time, and maintain such listing until such Registrable Debt Securities are no longer outstanding.” 
 6.
Effectiveness. This Agreement shall become effective upon the consummation of the Permitted Reorganization; provided that, Section 5 of this Agreement shall become effective as of the date hereof.  

7. Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of New York applicable
to agreements made or instruments entered into and, in each case, performed in the State of New York. Any dispute, action or proceeding arising out of or relating to this Agreement in respect hereof or the rights of any party under this Agreement
shall be exclusively maintained in the U.S. federal or New York State Court sitting in the Borough of Manhattan, The City of New York, New York. Each of the parties hereto: (i) agrees that a final judgment in any such action or proceeding shall
be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law, and (ii) irrevocably submits to the jurisdiction of such courts in any suit, action or proceeding. Each party to this
Agreement irrevocably waives, to the fullest extent permitted by applicable law, all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement or any matter arising
hereunder.  
 8. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an
original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto. Delivery of an executed signature page by
facsimile, e-mail or electronic (e.g. “.pdf”’ or “.tif”) transmission shall be effective as delivery of a manually signed counterpart of this Agreement. 

9. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law) not
invalidate or render unenforceable such provision in any other jurisdiction. 
 [Remainder of page intentionally left blank] 

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

					
	 SEASPAN CORPORATION, as Existing

Parent Company

		
	By:	 	/s/ Bing Chen
		 	Name:	 	Bing Chen
		 	Title:	 	President and Chief Executive Officer

 
					
	 GUARANTORS:
  

Seaspan Holding 140 Ltd.

		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	Seaspan 140 Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	Seaspan (Asia) Corporation
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	Seaspan Containership 2180 Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	Seaspan Containership 2181 Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	Seaspan Holdco I Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	Seaspan Holdco II Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

 
					
	Seaspan Holdco III Ltd.
		
	 By:
	 	 /s/ Ryan Courson

		 	 Name:
	 	 Ryan Courson

		 	 Title:
	 	 Chief Financial Officer

	
	Seaspan Holdco IV Ltd.
		
	By:	 	 /s/ Ryan Courson

		 	 Name:
	 	 Ryan Courson

		 	 Title:
	 	 Chief Financial Officer

	
	Seaspan Investment I Ltd.
		
	By:	 	 /s/ Ryan Courson

		 	 Name:
	 	 Ryan Courson

		 	 Title:
	 	 Chief Financial Officer

	
	Seaspan Ship Management Ltd.
		
	By:	 	 /s/ Bing Chen

		 	 Name:
	 	 Bing Chen

		 	 Title:
	 	 Chief Executive Officer

	
	Seaspan Crew Management Ltd.
		
	By:	 	 /s/ Ryan Courson

		 	 Name:
	 	 Ryan Courson

		 	 Title:
	 	 Chief Financial Officer

	
	Seaspan Management Services Limited
		
	By:	 	 /s/ Bing Chen

		 	 Name:
	 	 Bing Chen

		 	 Title:
	 	 President

	
	Seaspan Advisory Services Limited
		
	By:	 	 /s/ Bing Chen

		 	 Name:
	 	 Bing Chen

		 	 Title:
	 	 President

					
	Seaspan Capital Ltd.
		
	By:	 	/s/ Bing Chen
		 	Name:	 	Bing Chen
		 	Title:	 	Chief Executive Officer

  

					
	GC Intermodal II, Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	GC Intermodal III, Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	GC Intermodal XII, Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

  

					
	GC Intermodal XIV, Ltd.
		
	By:	 	/s/ Ryan Courson
		 	Name:	 	Ryan Courson
		 	Title:	 	Chief Financial Officer

 
					
	ATLAS CORP., as New Parent Company
		
	By:	 	 /s/ Bing Chen

		 	Name:	 	Bing Chen
		 	Title:	 	President and Chief Executive Officer

 
					
	INVESTORS:
	
	HAMBLIN WATSA INVESTMENT COUNSEL LTD., in its capacity as investment manager and agent of on behalf of certain affiliates of Fairfax Financial Holdings Limited
		
	Per:	 	 /s/ Paul Rivett

		 	Name:	 	Paul Rivett
		 	Title:	 	Vice Chair

  
  

	
	ALLIED WORLD ASSURANCE COMPANY, LTD.
	ALLIED WORLD ASSURANCE COMPANY (EUROPE) DAC
	ALLIED WORLD ASSURANCE COMPANY, AG
	ALLIED WORLD NATIONAL ASSURANCE COMPANY
	ALLIED WORLD SURPLUS LINES INSURANCE COMPANY
	ALLIED WORLD ASSURANCE COMPANY (U.S.) INC.
	BRIT REINSURANCE (BERMUDA) LIMITED
	FAIRFAX FINANCIAL HOLDINGS LIMITED
	GREYSTONE INSURANCE COMPANY
	HUDSON INSURANCE COMPANY
	NEWLINE INSURANCE COMPANY LIMITED
	NORTHBRIDGE GENERAL INSURANCE CORPORATION
	ODYSSEY REINSURANCE COMPANY
	RIVERSTONE INSURANCE (UK) LIMITED
	TIG INSURANCE (BARBADOS) LIMITED
	TRUSTEES OF NEWLINE SYNDICATE 1218
	UNITED STATES FIRE INSURANCE COMPANY
	WENTWORTH INSURANCE COMPANY LTD.
	ZENITH INSURANCE COMPANY

  

					
	By:	 	Hamblin Watsa Investment Counsel Ltd., their Investment Manager
		
	Per:	 	 /s/ Paul Rivett

		 	Name:	 	Paul Rivett
		 	Title:	 	Vice ChairEX-4.1

 Exhibit 4.1 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE
NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND, EXCEPT IN
SUCH LIMITED CIRCUMSTANCES, 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 OF THE DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE,
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

SOUTHWEST AIRLINES CO. 

2.625% Notes due 2030 
  

			
	No. GS-1	 	CUSIP # 844741 BF4

 Southwest Airlines Co., a corporation duly organized and existing under the laws of Texas
(herein called the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of FIVE
HUNDRED MILLION DOLLARS on February 10, 2030, and to pay interest thereon from February 10, 2020 or from the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, semi-annually in
arrears on February 10 and August 10 (each, an “Interest Payment Date”) in each year, commencing August 10, 2020, at the rate of 2.625% per annum, until the principal hereof is fully paid or made available for full payment.
Interest on this Security shall be computed on the basis of a 360-day year of twelve 30-day months. The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, subject to certain exceptions provided in such Indenture, be paid to the person in whose name this Security is registered on the Security register or registers of the Company at the close of business on
January 26 or July 26 (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date. 

 Payment of the principal of and interest on this Security will be made in
such immediately available funds of the United States of America as at the time of payment are legal tender for payment of public and private debts. 

Reference is hereby made to the further provisions of this Security set forth below, which further provisions shall for all
purposes have the same effect as if set forth in this place. 
 Unless the certificate of authentication hereon has been
executed by the Trustee referred to below by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

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

Dated: February         , 2020 

 

			
	SOUTHWEST AIRLINES CO.
		
	By:	 	 
		 	Tammy Romo
		 	Executive Vice President and
		 	Chief Financial Officer

  

					
	ATTEST:	 		 	
			
	  
 David Christopher Monroe
	 		 	
	Senior Vice President Finance and Treasurer	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Trustee 
  

			
	By:	 	  

		 	Authorized Signatory

 This Security is one of a duly authorized issue of debt securities of the
Company, issued and to be issued in one or more series under an Indenture, dated as of September 17, 2004 (herein called the “Indenture”), between the Company and Wells Fargo Bank, National Association, as Trustee (herein
called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture, all indentures supplemental thereto, and the Officers’ Certificate dated February 10, 2020, setting forth the terms
of the debt securities of this series, reference is hereby made for a statement of the respective rights, limitation of rights, duties, and immunities thereunder of the Company, the Trustee, and the holders of the Securities (as defined below) and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of a series designated as 2.625% Notes due 2030 (the “Securities”). This Security is a Global Security representing the
entire principal amount of Securities, initially limited in aggregate principal amount to $500,000,000, but subject to the right of the Company to issue and sell additional Securities in the future without the consent of the holders thereof. Any
additional securities of this series, together with this Security, shall constitute a single series under the Indenture. 
 Redemption 

The Securities shall be redeemable, at the option of the Company, in whole or in part, at any time, on at least 10 days but
not more than 60 days’ prior notice sent to the registered address of each holder of Securities to be so redeemed. If the Securities are redeemed at any time prior to the Par Call Date, the Securities will be redeemed at a redemption price
equal to the greater of (i) 100% of the principal amount of the Securities to be so redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Securities that would have been made if
the Securities matured on the Par Call Date (exclusive of interest accrued to the redemption date) discounted to the redemption date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate (as defined herein) plus 20 basis points, plus, in either case, accrued and unpaid interest on the principal amount being redeemed to such redemption date. If the Securities are
redeemed on or after the Par Call Date, the Securities will be redeemed at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, plus accrued and unpaid interest thereon to the redemption date. In either case,
the redemption is subject to the right of holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or before the date of redemption. 

If fewer than all of the Securities are to be redeemed at any time, selection of Securities for redemption will be made by the
Trustee in such manner as the trustee deems appropriate and fair (or, in the case of Securities issued in global form, by such other method as the DTC may require); provided, however, that the Securities will be redeemed only in the minimum
denominations of $2,000 and integral multiples thereof of $1,000. 
 For purposes of determining the redemption price, the
following definitions shall apply: 
 “Comparable Treasury Issue” means the United States Treasury security
selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term of the Securities to be redeemed, calculated as if the maturity date of the Securities were the Par Call Date (the “Remaining
Life”), 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 Life. 

“Comparable Treasury Price” means, with respect to any redemption date, the average of the Reference Treasury Dealer
Quotations for such redemption date. 
 “Par Call Date” means November 10, 2029. 

“Quotation Agent” means one of the Reference Treasury Dealers appointed by the Company. 

“Reference Treasury Dealer” means each of (i) Barclays Capital Inc., Citigroup Global Markets Inc., and their
respective successors and (ii) a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”) selected by U.S. Bancorp Investments, Inc.; provided, however, that if either of Barclays Capital Inc.,
Citigroup Global Markets Inc. or its successor shall cease to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption
date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company and the Trustee by such Reference
Treasury Dealer at 3:30 p.m., New York City time, on the third Business Day preceding such redemption date. 

“Treasury Rate” means, with respect to any redemption date, the rate per year equal to the semi-annual equivalent
yield to maturity or interpolated yield (on a day count basis) 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. The Treasury Rate shall be calculated by the Quotation Agent on the third Business Day preceding such redemption date. 

Any such redemption may, at the Company’s discretion, be conditioned upon (i) the occurrence of a Change of Control
(as defined below) or (ii) the closing of another transaction, including a sale of securities or other financing, in each case as specified in the notice in reasonable detail. A notice of conditional redemption will be of no effect unless all
conditions to the redemption have occurred on or before the redemption date or have been waived by the Company on or before the redemption date. The Company will provide notice of the satisfaction of all conditions as soon as practicable following
occurrence of the conditions. The Company will provide notice of any waiver of a condition or failure to meet such conditions no later than the redemption date. 

Change of Control 

Upon the occurrence of a Change of Control Triggering Event, unless the Company has otherwise exercised its right to redeem
the Securities, each holder of such Securities will have the right to require the Company to purchase all or a portion of such holder’s Securities pursuant to the offer described below (the “Change of Control Offer”), at a purchase
price equal to 101% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of 

 
purchase, subject to the rights of holders of Securities on the relevant record date to receive interest due on the relevant Interest Payment Date. 

Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option,
prior to any Change of Control but after the public announcement of the Change of Control, unless the Company has otherwise exercised the Company’s right to redeem the Securities, the Company shall deliver a notice to each holder of Securities,
with a copy to the Trustee, which notice will govern the terms of the Change of Control Offer. Such notice will state, among other things, the purchase date, which must be no earlier than 30 days nor later than 60 days from the date such notice is
sent, other than as may be required by law (the “Change of Control Payment Date”). The notice, if sent prior to the date of consummation of the Change of Control, will state that the Change of Control Offer is conditioned on the Change of
Control Triggering Event occurring on or prior to the Change of Control Payment Date. Holders of Securities electing to have Securities purchased pursuant to a Change of Control Offer must surrender their Securities, with the form entitled
“Option of Holder to Elect Purchase” on the reverse of the Security completed, to the Paying Agent at the address specified in the notice, or transfer their Securities to the Paying Agent by book-entry transfer pursuant to the applicable
procedures of DTC, before the close of business on the third Business Day prior to the Change of Control Payment Date. 

The Company will not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the
times and otherwise in compliance with the requirements for such an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer. 

If holders of not less than 90% in aggregate principal amount of the outstanding Securities validly tender and do not withdraw
the Securities in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company, purchases all of the Securities validly tendered and not withdrawn by such holders, the Company will have the
right, upon not less than 20 nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the Change of Control Offer described above, to redeem all Securities that remain outstanding following such
purchase at a redemption price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to the date of redemption (subject to the right of holders of record on the relevant record date to receive
interest on the relevant Interest Payment Date). 
 The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934 (the “Exchange Act”) and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in
connection with the repurchase of the Securities as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the
Securities, the Company will comply with those securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Offer provisions of the Securities by virtue of any such conflict. 

 Except as described above with respect to a Change of Control Triggering
Event, the holders of the Securities shall not have any right to require the Company to repurchase or redeem the Securities in the event of a takeover, recapitalization, or similar transaction. 

As used herein: 

“Below Investment Grade Rating Event” means the rating on the Securities is lowered by each of the Rating Agencies
and the Securities are rated below Investment Grade by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended if, and so
long as, the rating of the Securities is under publicly announced consideration for a possible downgrade to below Investment Grade by all Rating Agencies that have not lowered the rating on the Securities to below Investment Grade, but in any event
not beyond the 60th day following the occurrence of the Change of Control) after the earlier of (1) the occurrence of a Change of Control or (2) public notice of the occurrence of a Change of Control or the Company’s intention to
effect a Change of Control; provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be
deemed a Below Investment Grade Rating Event for purposes of the definition of Change of Control Triggering Event) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly
confirm or inform the Company and the Trustee in writing at its request that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control
(whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event). 

“Change of Control” means the consummation of any transaction (including without limitation, any merger or
consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or its subsidiaries, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the combined voting power of the Company’s Voting Stock or other Voting Stock into
which the Company’s Voting Stock is reclassified, consolidated, exchanged, or changed measured by voting power rather than number of shares, other than any such transaction where: 

(a) the Company’s outstanding Voting Stock is reclassified, consolidated, exchanged, or changed for other
Voting Stock of the Company or for Voting Stock of the surviving corporation, and 
 (b) the holders of the
Company’s Voting Stock immediately before that transaction own, directly or indirectly, not less than a majority of the Company’s Voting Stock or the Voting Stock of the surviving parent corporation immediately after such transaction and
in substantially the same proportion as their ownership in the Company before the transaction. 
 “Change of Control
Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Fitch” means Fitch Ratings, Inc. and its successors. 

 “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating category of Fitch); a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category of Moody’s); and a
rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P). 

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its
successors. 
 “Rating Agency” means (1) each of Fitch, Moody’s, and S&P, and (2) if any of
Fitch, Moody’s, or S&P ceases to rate the Securities or fails to make a rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as
defined in Section 3(a)(62) of the Exchange Act, selected by the Company (as certified by a resolution of the Company’s board of directors) as a replacement agency for Fitch, Moody’s, or S&P, or all of them, as the case may be.

 “S&P” means S&P Global Ratings, a division of S&P Global Inc., and its successors. 

“Voting Stock” of any specified person as of any date means the capital stock of such person that is at the time
entitled to vote generally in the election of the board of directors of such person. 
 Supplemental Indentures 

The Indenture contains provisions permitting the Company and the Trustee, with the consent of the holders of not less than a
majority in aggregate principal amount of the Securities at the time outstanding of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to or changing in
any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the holders of the Securities of each such series; provided, however, that no such supplemental indenture
shall (i) extend the stated maturity of any Security, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of any interest thereon, or reduce any amount payable on redemption thereof or impair or affect the
right of any holder of Securities to institute suit for payment thereof or right of repayment, if any, at the option of a holder of the Securities, without the consent of the holder of each Security so affected, or (ii) reduce the percentage of
aggregate principal amount of Securities of any series or of all series (voting as one class), as the case may be, the holders of which are required to consent to any such supplemental indenture, without the consent of the holders of all outstanding
Securities of each such series so affected. 
 Denominations 

The Securities are in registered form without coupons in minimum denominations of $2,000 and integral multiples of $1,000 in
excess thereof. 
 Exchange 

This Global Security shall be exchangeable for Securities registered in the names of persons other than the Depositary for
such Global Security or its nominee only as provided in this 

 
paragraph. This Global Security shall be so exchangeable if (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Global Security or if at
any time such Depositary ceases to be a clearing agency registered as such under the Exchange Act, and the Company fails to appoint a successor Depositary for this Global Security within 90 days after the Company receives such notice or becomes
aware of such event, (y) the Company executes and delivers to the Trustee written instructions that this Global Security shall be so exchangeable, or (z) there shall have occurred and be continuing an Event of Default or an event which,
with the giving of notice or lapse of time, or both, would constitute an Event of Default with respect to the Securities. Securities so issued in exchange for this Global Security shall be of the same series and of like tenor, in authorized
denominations and in the aggregate having the same principal amount as this Global Security and registered in such names as the Depositary for such Global Security shall direct. 

Transfer 
 As
provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security register or registers of the Company, upon surrender of this Security for registration of transfer at the
office or agency of the Company in any place where the principal of and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security registrar, duly
executed by the registered holder hereof or its attorney duly authorized in writing, and thereupon on or more new Securities, and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the
designated transferee or transferees. At the date of the Indenture, such agency of the Company is located at the office of Wells Fargo Bank, National Association, at 333 S. Grand Ave., Floor 05, Los Angeles, California 90071-1504. 

No service charge shall be made for any such exchange or registration of transfer, but the Company or the Securities registrar
may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee, and any agent of the Company
or the Trustee may treat the person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. All payments made to or upon the order of such registered holder shall, to the extent of the sum or sums paid, effectually satisfy and discharge liability for moneys payable on this Security. 

Miscellaneous 

The Securities are not subject to any sinking fund. 

The Indenture contains provisions for defeasance of the entire indebtedness of the Securities upon compliance by the Company
with certain conditions set forth therein. 
 If an Event of Default with respect to the Securities shall occur and be
continuing, the principal of the Securities may be declared due and payable in the manner and with the effect provided in the Indenture. 

 All terms used in this Security that are defined in the Indenture shall have
the meanings assigned to them in the Indenture. 
 The Indenture and the Securities shall be governed by and construed in
accordance with the laws of the State of Texas. 

 Option of Holder to Elect Purchase 

If you want to elect to have this Security purchased by the Company pursuant to the Change of Control Offer of the Indenture, check the box
below: 
  

	
	                 ☐ Yes

 If you want to elect to have only part of the Security purchased by the Company pursuant to Change of Control
Offer of the Indenture, state the amount you elect to have purchased (in minimum denominations of $2,000 and integral multiples thereof of $1,000, except if you have elected to have all of your Securities purchased): $ 

 

					
	Date:	  	                                	  	Your Signature:
			
		  		  	(Sign exactly as your name appears on the Security)
			
		  		  	Tax Identification No.:

 Signature Guarantee* 
  

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

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