Document:

Exhibit 4.6

 

THIS NOTE, IS A GLOBAL SECURITY WITHIN THE
MEANING OF SECTION 2.05 OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE
DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A
PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER
THAN A TRANSFER OF THIS NOTE 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) MAY BE REGISTERED EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (THE “DEPOSITARY”), 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 THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THE COCA-COLA COMPANY

 

1.500% Notes due November 15,
2015

 

	
  No.

  	
   

  	
  $

  

 

CUSIP No. 191216 AP5

 

THE COCA-COLA COMPANY, a Delaware corporation
(hereinafter 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 its registered assigns, the
principal sum of                                                         (U.S.
$                           )
on November 15, 2015 and to pay interest thereon from November 15,
2010, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually on May 15 and November 15 in
each year, commencing May 15, 2011 at the rate of 1.500% per annum
(calculated on the basis of a 360-day year comprised of twelve 30-day months,
rounded to the nearest cent), until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be May 1 or November 1 (whether or not
a Business Day), as the case may be, next preceding such Interest Payment Date.
Any such interest which is payable but is not so 

 

 

punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Securities of this Series not less than 10 days prior
to such Special Record Date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the
Securities of this Series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture.

 

If either a date for payment of principal or
interest on this Security or the Maturity of this Security falls on a day that
is not a Business Day, the related payment of principal or interest will be
made on the next succeeding Business Day as if made on the date the payment was
due. No interest will accrue on any amounts payable for the period from and
after the date for payment of principal of or interest on this Security or the
Maturity of this Security provided such payment is made on such next succeeding
Business Day. For this purpose, “Business Day” means any day which is a day on
which commercial banks settle payments and are open for general business in The
City of New York.

 

Payment of the principal of and interest on this
Security will be made at the office or agency of the Company maintained for
that purpose in the Borough of Manhattan, The City of New York, New York in
such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts; provided, however,
that at the option of the Company payment of interest may be made by check
drawn upon any Paying Agent and mailed-on or prior to an Interest Payment Date
to the address of the Person entitled thereto as such address shall appear in
the Securities Register, or, upon written application by the Holder to the
Securities Registrar setting forth wire instructions not later than the
relevant Record Date, by wire transfer to a Dollar account.

 

Reference is hereby made to the further provisions
of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place.

 

Unless the certificate of authentication hereon has
been executed by the Trustee referred to on the reverse hereof, directly or
through an authenticating agent, by the manual signature of an authorized
officer, 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 under its corporate seal.

 

Dated:

	
   

  	
  THE COCA-COLA COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Christopher P. Nolan

  
	
   

  	
   

  	
  Title:   Vice President and
  Treasurer

  
	
   

  	
   

  
	
   

  	
  [Seal]

  

 

 

Attest:

 

 

	
   

  	
   

  	
   

  
	
  Name: Fiona K. Payne

  	
   

  
	
  Title:   Assistant Secretary

  	
   

  

 

 

(Trustee’s Certificate of
Authentication)

 

This is one of the Securities of the Series provided
for in the within-mentioned Indenture.

 

 

	
   

  	
  Deutsche Bank Trust Company Americas, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Officer

  

 

 

[Reverse]

 

This Note (as defined herein) is one of a duly
authorized issue of debentures, notes or other evidences of indebtedness of the
Company (herein called the “Securities”), issued and to be issued in one or
more Series under an Indenture, dated as of April 26, 1988, as
amended and supplemented by that First Supplemental Indenture, dated as of February 24,
1992, and by that Second Supplemental Indenture, dated as of November 1,
2007 (as so amended and supplemented, herein called the “Indenture”), between
the Company and Bankers Trust Company (now known as Deutsche Bank Trust Company
Americas), as Trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered.  The Securities may be issued in one or more
Series, which different Series may be issued in various aggregate
principal amounts, may mature at different times, may bear interest (if any) at
different rates, may be denominated and bear interest, if any, in Dollars or in
a Foreign Currency, may be subject to different redemption provisions (if any),
may be subject to different sinking, purchase or analogous funds (if any), may
be subject to different covenants and Events of Default and may otherwise vary
as in the Indenture provided. This Security is one of a Series of
Securities of the Company designated as set forth on the face hereof (herein
called the “Notes”), limited in aggregate principal amount to $1,000,000,000.

 

No sinking fund is provided for the Notes.

 

In the event of a deposit or withdrawal of an
interest in this Note, including an exchange, redemption or transfer of this
Note in part only, the Trustee, as custodian of the Depositary, shall make an
adjustment on its records to reflect such deposit or withdrawal in accordance
with the rules and procedures of The Depository Trust Company applicable
to, and as in effect at the time of, such transaction.

 

If an Event of Default with respect to the Notes
shall occur and be continuing, the principal of, and accrued interest on, the
Notes may be declared due and payable in the manner and with the effect
provided in the Indenture. Upon payment (i) of the amount of principal so
declared due and payable and (ii) of interest on any overdue principal and
overdue interest (in each case to the extent that the payment of such interest
shall be legally enforceable), all of the Company’s obligations in respect of
the payment of such principal of and interest, if any, on the Notes shall
terminate. The Holders shall have such other rights and remedies after the
occurrence and during the continuance of an Event of Default as set forth in
the Indenture.

 

The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of
each Series under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of not less than a majority in aggregate
principal amount of the Securities at the time outstanding of each Series to
be affected by such amendment or modification. The Indenture also contains
provisions permitting the Holders of specified percentages in aggregate
principal amount of the Securities of each Series at the time 

 

 

outstanding, on behalf of the Holders of all Securities of such Series,
to waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note
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
this Note. The Indenture contains provisions setting forth certain conditions
to the institution of proceedings by Holders of Securities with respect to the
Indenture or for any remedy under the Indenture. Section 12.01(a) of
the Indenture also contains provisions applicable to the Notes relating to the
Company’s ability to discharge its obligations with respect to the Notes and
under the Indenture with respect to the Notes, upon the deposit of money, U.S.
Government Obligations or other government obligations, in an amount sufficient
to pay and discharge the principal of and interest on the Notes to the Maturity
of the Note, in certain specified circumstances. The lien and sale and lease
back provisions described in Sections 5.03 and 5.04 of the Indenture will not
be applicable to the Notes.

 

Subject to the next preceding sentence hereof, no
reference herein to the Indenture and no provision of this Note or of the
Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency, herein prescribed.

 

As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Note is registrable in the
Securities Register, 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, or
accompanied by a written instrument of transfer in form satisfactory to the
Company duly executed, by the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Notes, of authorized denominations and
for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

 

The Notes are issuable only in registered form
without coupons in denominations of $2,000 and any integral multiple of $1,000
in excess thereof.  As provided in the
Indenture and subject to certain limitations therein set forth, this Note is
exchangeable for a like aggregate principal amount of Notes of different
authorized denominations, as requested by the Holder surrendering the same.

 

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

 

The Company may redeem the Notes at its option and
at any time, either as a whole or in part. If the Company elects to redeem the
Notes, the Company will pay a Redemption Price equal to the greater of:

 

100% of the principal amount of the Notes to be
redeemed, plus accrued and unpaid interest; and

 

 

the sum of the present values of the Remaining Scheduled
Payments, plus accrued and unpaid interest.

 

In determining the present value of the Remaining
Scheduled Payments, the Company will discount such payments to the Redemption
Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) using a discount rate equal to the Treasury Rate plus 30 basis points.
A partial redemption of the Notes may be effected by such method as the Trustee
shall deem fair and appropriate and may provide for the selection for
redemption of portions (equal to the minimum authorized denomination for the
Notes or any integral multiple of $1,000 in excess thereof) of the principal
amount of Notes of a denomination larger than the minimum authorized
denomination for the Notes.

 

The term “Treasury Rate” means, with respect to any
Redemption Date, the rate per annum equal to the semi-annual equivalent yield
to maturity of the Comparable Treasury Issue (as defined below). In determining
this rate, the Company assumes a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price (as defined below) for such Redemption Date.

 

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

 

“Independent Investment Banker” means each of
Deutsche Bank Securities Inc., Goldman Sachs & Co., HSBC Securities
(USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated and
their respective successors as may be appointed from time to time by the
Trustee after consultation with the Company; provided, however, that if any of
the foregoing shall cease to be a primary U.S. Government securities dealer in
New York City (a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer.

 

The term “Comparable Treasury Price” means, with
respect to any Redemption Date, the arithmetic average of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) on the third Business Day preceding such
Redemption Date, as set forth in the daily statistical release (or any
successor release) published by the Federal Reserve Bank of New York and
designated “Composite 3:30 p.m. Quotations for U.S. Government Securities.”
If such release (or any successor release) is not published or does not contain
such prices on such Business Day, then Comparable Treasury Price would mean the
arithmetic average of the Reference Treasury Dealer Quotations for such
Redemption Date.

 

“Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any Redemption Date, the
arithmetic average, as determined by the Trustee, 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 Trustee by such Reference
Treasury Dealer by 5:00 p.m. on the third Business Day preceding such
Redemption Date.

 

 

“Reference Treasury Dealer” means each of Deutsche
Bank Securities Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their
respective successors; provided, however, that if any of the foregoing shall
cease to be a Primary Treasury Dealer, the Company shall substitute therefor
another Primary Treasury Dealer.

 

The term “Remaining Scheduled Payments” means, with
respect to any Note, the remaining scheduled payments of the principal thereof
to be redeemed and interest thereon that would be due after the related
Redemption Date but for such redemption; provided, however, that, if such
Redemption Date is not an interest payment date with respect to such Note, the
amount of the next scheduled interest payment thereon will be reduced by the
amount of interest accrued thereon to such Redemption Date.

 

Notice of any redemption will be mailed at least 30
days but not more than 60 days before the Redemption Date to each holder of
Notes to be redeemed.

 

Unless the Company defaults in payment of the
Redemption Price, on and after the Redemption Date interest will cease to
accrue on the Notes or portions thereof called for redemption.

 

The Company, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note is
overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.

 

All terms used in this Note which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. The Notes
are governed by the laws of the State of New York.

 

 

ABBREVIATIONS

 

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

 

	
  TEN COM

  	
  -

  	
  as tenants in common

  
	
  TEN ENT

  	
  -

  	
  as tenants by entireties (Cust)

  
	
  JT TEN

  	
  -

  	
  As joint tenants with right of survivorship and not as tenants in
  common

  
	
  UNIF GIFT MIN ACT

  	
  -

  	
   

  	
   Custodian

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (Minor)

  	
   

  
	
   

  	
   

  	
  Under Uniform Gifts to Minors Act

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (State)

  	
   

  
								

 

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

 

 

FORM OF ASSIGNMENT

 

For value received                                       hereby
sell(s), assign(s) and transfer(s) unto                                       (Please
insert social security or other identifying number of assignee) the within
Note, and hereby irrevocably constitutes and appoints                                        as
attorney to transfer the said Note on the books of the Company, with full power
of substitution in the premises.

 

 

	
  Dated:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature(s)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature(s) must be guaranteed by an Eligible Guarantor
  Institution with membership in an approved signature guarantee program
  pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934.Exhibit
4.7

 

THIS NOTE, IS A GLOBAL SECURITY WITHIN THE
MEANING OF SECTION 2.05 OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE
DEPOSITARY. THIS NOTE IS NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A
PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER
THAN A TRANSFER OF THIS NOTE 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) MAY BE REGISTERED EXCEPT IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (THE “DEPOSITARY”), 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 THE DEPOSITARY (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER
HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

THE COCA-COLA COMPANY

 

3.150% Notes due November 15,
2020

 

	
  No.

  	
   

  	
  $

  

 

CUSIP No. 191216 AR1

 

THE COCA-COLA COMPANY, a Delaware corporation
(hereinafter 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 its registered assigns, the
principal sum of                                                         (U.S.
$                           )
on November 15, 2020 and to pay interest thereon from November 15,
2010, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semi-annually on May 15 and November 15 in
each year, commencing May 15, 2011 at the rate of 3.150% per annum
(calculated on the basis of a 360-day year comprised of twelve 30-day months,
rounded to the nearest cent), until the principal hereof is paid or made
available for payment. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be May 1 or November 1 (whether or not
a Business Day), as the case may be, next preceding such Interest Payment Date.
Any such interest which is payable but is not so 

 

 

punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Securities of this Series not less than 10 days prior
to such Special Record Date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the
Securities of this Series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture.

 

If either a date for payment of principal or
interest on this Security or the Maturity of this Security falls on a day that
is not a Business Day, the related payment of principal or interest will be
made on the next succeeding Business Day as if made on the date the payment was
due. No interest will accrue on any amounts payable for the period from and
after the date for payment of principal of or interest on this Security or the
Maturity of this Security provided such payment is made on such next succeeding
Business Day. For this purpose, “Business Day” means any day which is a day on
which commercial banks settle payments and are open for general business in The
City of New York.

 

Payment of the principal of and interest on this
Security will be made at the office or agency of the Company maintained for
that purpose in the Borough of Manhattan, The City of New York, New York in
such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts; provided, however,
that at the option of the Company payment of interest may be made by check
drawn upon any Paying Agent and mailed-on or prior to an Interest Payment Date
to the address of the Person entitled thereto as such address shall appear in
the Securities Register, or, upon written application by the Holder to the
Securities Registrar setting forth wire instructions not later than the
relevant Record Date, by wire transfer to a Dollar account.

 

Reference is hereby made to the further provisions
of this Security set forth on the reverse hereof, which further provisions
shall for all purposes have the same effect as if set forth at this place.

 

Unless the certificate of authentication hereon has
been executed by the Trustee referred to on the reverse hereof, directly or
through an authenticating agent, by the manual signature of an authorized
officer, 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 under its corporate seal.

 

Dated:

	
   

  	
  THE COCA-COLA COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Name: Christopher P. Nolan

  
	
   

  	
   

  	
  Title:   Vice President and
  Treasurer

  
	
   

  	
   

  
	
   

  	
  [Seal]

  

 

 

Attest:

 

 

	
   

  	
   

  	
   

  
	
  Name: Fiona K. Payne

  	
   

  
	
  Title:   Assistant Secretary

  	
   

  

 

 

(Trustee’s Certificate of
Authentication)

 

This is one of the Securities of the Series provided
for in the within-mentioned Indenture.

 

 

	
   

  	
  Deutsche Bank Trust Company Americas, as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Authorized Officer

  

 

 

[Reverse]

 

This Note (as defined herein) is one of a duly
authorized issue of debentures, notes or other evidences of indebtedness of the
Company (herein called the “Securities”), issued and to be issued in one or
more Series under an Indenture, dated as of April 26, 1988, as
amended and supplemented by that First Supplemental Indenture, dated as of February 24,
1992, and by that Second Supplemental Indenture, dated as of November 1,
2007 (as so amended and supplemented, herein called the “Indenture”), between
the Company and Bankers Trust Company (now known as Deutsche Bank Trust Company
Americas), as Trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company,
the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered.  The Securities may be issued in one or more
Series, which different Series may be issued in various aggregate
principal amounts, may mature at different times, may bear interest (if any) at
different rates, may be denominated and bear interest, if any, in Dollars or in
a Foreign Currency, may be subject to different redemption provisions (if any),
may be subject to different sinking, purchase or analogous funds (if any), may
be subject to different covenants and Events of Default and may otherwise vary
as in the Indenture provided. This Security is one of a Series of
Securities of the Company designated as set forth on the face hereof (herein
called the “Notes”), limited in aggregate principal amount to $1,000,000,000.

 

No sinking fund is provided for the Notes.

 

In the event of a deposit or withdrawal of an
interest in this Note, including an exchange, redemption or transfer of this
Note in part only, the Trustee, as custodian of the Depositary, shall make an
adjustment on its records to reflect such deposit or withdrawal in accordance
with the rules and procedures of The Depository Trust Company applicable
to, and as in effect at the time of, such transaction.

 

If an Event of Default with respect to the Notes
shall occur and be continuing, the principal of, and accrued interest on, the
Notes may be declared due and payable in the manner and with the effect
provided in the Indenture. Upon payment (i) of the amount of principal so
declared due and payable and (ii) of interest on any overdue principal and
overdue interest (in each case to the extent that the payment of such interest
shall be legally enforceable), all of the Company’s obligations in respect of
the payment of such principal of and interest, if any, on the Notes shall
terminate. The Holders shall have such other rights and remedies after the
occurrence and during the continuance of an Event of Default as set forth in
the Indenture.

 

The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of
each Series under the Indenture at any time by the Company and the Trustee
with the consent of the Holders of not less than a majority in aggregate
principal amount of the Securities at the time outstanding of each Series to
be affected by such amendment or modification. The Indenture also contains
provisions permitting the Holders of specified percentages in aggregate
principal amount of the Securities of each Series at the time 

 

 

outstanding, on behalf of the Holders of all Securities of such Series,
to waive compliance by the Company with certain provisions of the Indenture and
certain past defaults under the Indenture and their consequences. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding
upon such Holder and upon all future Holders of this Note and of any Note
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
this Note. The Indenture contains provisions setting forth certain conditions
to the institution of proceedings by Holders of Securities with respect to the
Indenture or for any remedy under the Indenture. Section 12.01(a) of
the Indenture also contains provisions applicable to the Notes relating to the
Company’s ability to discharge its obligations with respect to the Notes and
under the Indenture with respect to the Notes, upon the deposit of money, U.S.
Government Obligations or other government obligations, in an amount sufficient
to pay and discharge the principal of and interest on the Notes to the Maturity
of the Note, in certain specified circumstances. The lien and sale and lease
back provisions described in Sections 5.03 and 5.04 of the Indenture will not
be applicable to the Notes.

 

Subject to the next preceding sentence hereof, no
reference herein to the Indenture and no provision of this Note or of the
Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of and interest on this Note
at the times, place and rate, and in the coin or currency, herein prescribed.

 

As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Note is registrable in the
Securities Register, 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, or
accompanied by a written instrument of transfer in form satisfactory to the
Company duly executed, by the Holder hereof or his attorney duly authorized in
writing, and thereupon one or more new Notes, of authorized denominations and
for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

 

The Notes are issuable only in registered form
without coupons in denominations of $2,000 and any integral multiple of $1,000
in excess thereof.  As provided in the
Indenture and subject to certain limitations therein set forth, this Note is
exchangeable for a like aggregate principal amount of Notes of different
authorized denominations, as requested by the Holder surrendering the same.

 

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

 

The Company may redeem the Notes at its option and
at any time, either as a whole or in part. If the Company elects to redeem the
Notes, the Company will pay a Redemption Price equal to the greater of:

 

100% of the principal amount of the Notes to be
redeemed, plus accrued and unpaid interest; and

 

 

the sum of the present values of the Remaining Scheduled
Payments, plus accrued and unpaid interest.

 

In determining the present value of the Remaining
Scheduled Payments, the Company will discount such payments to the Redemption
Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) using a discount rate equal to the Treasury Rate plus 30 basis points.
A partial redemption of the Notes may be effected by such method as the Trustee
shall deem fair and appropriate and may provide for the selection for
redemption of portions (equal to the minimum authorized denomination for the
Notes or any integral multiple of $1,000 in excess thereof) of the principal
amount of Notes of a denomination larger than the minimum authorized
denomination for the Notes.

 

The term “Treasury Rate” means, with respect to any
Redemption Date, the rate per annum equal to the semi-annual equivalent yield
to maturity of the Comparable Treasury Issue (as defined below). In determining
this rate, the Company assumes a price for the Comparable Treasury Issue
(expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price (as defined below) for such Redemption Date.

 

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

 

“Independent Investment Banker” means each of
Deutsche Bank Securities Inc., Goldman Sachs & Co., HSBC Securities
(USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated and
their respective successors as may be appointed from time to time by the
Trustee after consultation with the Company; provided, however, that if any of
the foregoing shall cease to be a primary U.S. Government securities dealer in
New York City (a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer.

 

The term “Comparable Treasury Price” means, with
respect to any Redemption Date, the arithmetic average of the bid and asked
prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) on the third Business Day preceding such
Redemption Date, as set forth in the daily statistical release (or any
successor release) published by the Federal Reserve Bank of New York and
designated “Composite 3:30 p.m. Quotations for U.S. Government Securities.”
If such release (or any successor release) is not published or does not contain
such prices on such Business Day, then Comparable Treasury Price would mean the
arithmetic average of the Reference Treasury Dealer Quotations for such
Redemption Date.

 

“Reference Treasury Dealer Quotations” means, with
respect to each Reference Treasury Dealer and any Redemption Date, the
arithmetic average, as determined by the Trustee, 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 Trustee by such Reference
Treasury Dealer by 5:00 p.m. on the third Business Day preceding such
Redemption Date.

 

 

“Reference Treasury Dealer” means each of Deutsche
Bank Securities Inc., Goldman Sachs & Co., HSBC Securities (USA) Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their
respective successors; provided, however, that if any of the foregoing shall
cease to be a Primary Treasury Dealer, the Company shall substitute therefor
another Primary Treasury Dealer.

 

The term “Remaining Scheduled Payments” means, with
respect to any Note, the remaining scheduled payments of the principal thereof
to be redeemed and interest thereon that would be due after the related
Redemption Date but for such redemption; provided, however, that, if such
Redemption Date is not an interest payment date with respect to such Note, the
amount of the next scheduled interest payment thereon will be reduced by the
amount of interest accrued thereon to such Redemption Date.

 

Notice of any redemption will be mailed at least 30
days but not more than 60 days before the Redemption Date to each holder of
Notes to be redeemed.

 

Unless the Company defaults in payment of the
Redemption Price, on and after the Redemption Date interest will cease to
accrue on the Notes or portions thereof called for redemption.

 

The Company, the Trustee and any agent of the
Company or the Trustee may treat the Person in whose name this Note is
registered as the owner hereof for all purposes, whether or not this Note is
overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary.

 

All terms used in this Note which are defined in the
Indenture shall have the meanings assigned to them in the Indenture. The Notes
are governed by the laws of the State of New York.

 

 

ABBREVIATIONS

 

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

 

	
  TEN COM

  	
  -

  	
  as tenants in common

  
	
  TEN ENT

  	
  -

  	
  as tenants by entireties (Cust)

  
	
  JT TEN

  	
  -

  	
  As joint tenants with right of survivorship and not as tenants in
  common

  
	
  UNIF GIFT MIN ACT

  	
  -

  	
   

  	
   Custodian

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (Minor)

  	
   

  
	
   

  	
   

  	
  Under Uniform Gifts to Minors Act

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  (State)

  	
   

  
								

 

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

 

 

FORM OF ASSIGNMENT

 

For value
received                                       hereby
sell(s), assign(s) and transfer(s) unto                                       (Please
insert social security or other identifying number of assignee) the within
Note, and hereby irrevocably constitutes and appoints
                                       as
attorney to transfer the said Note on the books of the Company, with full power
of substitution in the premises.

 

 

	
  Dated:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature(s)

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Signature(s) must be guaranteed by an Eligible Guarantor
  Institution with membership in an approved signature guarantee program
  pursuant to Rule 17Ad-15 under the Securities Exchange Act of 1934.

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