Document:

EX-4.1

 Exhibit 4.1 
  

 
 DIVIDEND CAPITAL DIVERSIFIED PROPERTY FUND INC. 

Second Amended and Restated Class A, W and I Share Redemption Program 

Effective as of January 1, 2015 

Definitions 
 Advisor – Shall mean Dividend
Capital Total Advisors LLC. 
 Class A shares – Shall mean the shares of the Company’s common stock classified as Class A. 

Class E shares – Shall mean the unclassified shares of the Company’s common stock. 

Class E Share Redemption Program – Shall mean any share redemption program applicable to the Class E shares (including any tender offers made by
the Company that may be made to provide liquidity to holders of the Class E shares). 
 Class I shares– Shall mean the shares of the
Company’s common stock classified as Class I. 
 Class W shares – Shall mean the shares of the Company’s common stock classified as
Class W. 
 Company – Shall mean Dividend Capital Diversified Property Fund Inc., a Maryland corporation. The Company may be referred to as
“we” or “our” within the context of this document. 
 Code – Shall mean the Internal Revenue Code of 1986, as amended. 

NAV – Shall mean the net asset value of the Company or a class of its shares, as the context requires, determined in accordance with the
Company’s valuation policies and procedures. 
 Operating Partnership – Shall mean Dividend Capital Total Realty Operating Partnership LP.

 Operating Partnership Agreement – Shall mean the Fourth Amended and Restated Limited Partnership Agreement of the Operating Partnership, as
amended from time to time. 
 OP Units – Shall mean limited partnership interests in the Operating Partnership. 

Offering – Shall mean any ongoing public offering of Class A, Class W or Class I shares, whether in a primary offering or pursuant to the
Company’s distribution reinvestment plan. 
 Quarterly Cap – Shall have the meaning given herein. 

Stockholders or stockholders – Shall mean the holders of Class A, Class W or Class I shares. Stockholders may be referred to as
“you” or “your” within the context of this document. 
 Share Redemption Program 

While you should view your investment as long term with limited liquidity, we have adopted this limited share redemption program, whereby
stockholders may request that we redeem all or any portion of their shares in accordance with the procedures and subject to certain conditions and limitations described below. This share redemption program only applies to our Class A, Class W
and Class I shares and not our Class E shares or the OP Units issued by our Operating Partnership. The separate Class E Share Redemption Program is applicable to Class E share redemptions, and the Operating Partnership Agreement is applicable to OP
Unit redemptions. All references herein to the classes of our shares mean our Class A, Class W and Class I shares, and not our Class E shares or the OP Units issued by our Operating Partnership, unless the context otherwise requires. Because
the volume limitations described below are based, in part, on the NAV of each class as of the last day of the quarter preceding the redemption request, the availability of redemptions in any quarter will be dependent upon, among other things, the
success of the Offering. 

 Only those stockholders who received their shares directly from us (including through our
distribution reinvestment plan, except as set forth below) or received their shares through one or more transactions that were not for cash or other consideration are eligible to participate in this share redemption program. Once our shares are
transferred, directly or indirectly, for value by a stockholder (other than transfers which occur in connection with a non-taxable transaction, such as a gift or contribution to a family trust), the transferee and all subsequent holders of the
shares are not eligible, unless otherwise approved by our management in its sole discretion, to participate in this share redemption program with respect to such shares that were transferred for value and any additional shares acquired by such
transferee through our distribution reinvestment program. 
 Due to the illiquid nature of investments in real property, we may not have
sufficient liquid resources to fund redemption requests. In addition, we have established limitations on the amount of funds we may use for redemptions during any calendar quarter. See “Redemption Limitations” below. Further, our board of
directors has the right to modify, suspend or terminate this share redemption program if it deems such action to be in the best interest of our stockholders. 

A stockholder’s request for redemption in accordance with any of the special treatment described below in the event of the death or
disability of a stockholder must be submitted within 18 months of the death of the stockholder or the initial determination of the stockholder’s disability (which we define as such term is defined in Section 72(m)(7) of the Code), as
further described below. 
 You may request that we redeem shares of our common stock through your financial advisor or directly with our
transfer agent. We will generally adhere to the following procedures relating to the redeeming of shares of our common stock: 
  

	 	•	 	Under this share redemption program, on each day the New York Stock Exchange is open for trading (a business day), stockholders may request that we redeem all or any portion of their shares. Redemption requests received
in good order by our transfer agent or a fund intermediary on a business day and before the close of business (4:00 p.m. Eastern time) on that day will be effected at a redemption price equal to our NAV per share for the class of shares being
redeemed calculated after the close of business on that day. 

  

	 	•	 	Redemption requests received in good order by our transfer agent or a fund intermediary on a business day, but after the close of business on that day, will be effected at our NAV per share for the class of shares being
redeemed calculated after the close of business on the next business day. The redemption price per share on any business day will be our NAV per share for the class of shares being redeemed, less any applicable short-term trading discounts. In
addition, there may be a delay between your redemption decision and the execution date caused by time necessary for you to put a redemption request in “good order,” which means, for these purposes, that all required information has been
completed and all proper signatures have been provided. As a result of this process, you will not know the redemption price at the time you submit your redemption request. The price at which your redemption is executed could be higher or lower than
our NAV per share at the time you submit your redemption request. Although a stockholder will not know at the time he or she requests the redemption of shares the exact price at which such redemption request will be processed, the stockholder may
cancel the redemption request before it has been processed by notifying a customer service representative available on our toll-free, automated telephone line, (888) 310-9352. The line is open on each business day between the hours of 9:00 a.m.
and 6:00 p.m. (Eastern time). Redemption requests received in good order before 4:00 p.m. (Eastern time) on a business day must be cancelled before 4:00 p.m. (Eastern time) on the same day. Redemption requests received in good order after 4:00 p.m.
(Eastern time) on a business day, or at any time on a day that is not a business day, must be cancelled before 4:00 p.m. (Eastern time) on the next business day. If the redemption request is not cancelled before the applicable time described above,
the stockholder will be contractually bound to redemption of the shares and will not be permitted to cancel the request prior to the payment of redemption proceeds. 

 

	 	•	 	Redemption requests may generally be made by phone at (888) 310-9352 or in writing by submitting a completed redemption form, which we will provide to you at no charge, to: 

 

			
	For regular mail:	  	For overnight deliveries:
	DST Systems, Inc.	  	DST Systems, Inc.
	PO Box 219079	  	430 West 7th Street, Suite 219079
	Kansas City, Missouri 64121-9079	  	Kansas City, Missouri 64105

  
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 Corporate investors and other non-individual entities must have an appropriate certification on
file authorizing redemptions. A signature guarantee may be required. 
 With respect to retirement accounts or other investment accounts
registered through custodians, trustees or fiduciaries, redemption requests can only be made by the authorized custodian, trustee or fiduciary, as applicable. Redemption requests with respect to such accounts or in connection with the death or
disability of a stockholder must be made in writing. 
  

	 	•	 	For processed redemptions, stockholders may request that redemption proceeds are paid by mailed check provided that the amount is less than $100,000 and the check is mailed to an address on file with the transfer agent
for at least 30 days. 

  

	 	•	 	Processed redemptions of more than $100,000 will be paid only via ACH or wire transfer. For this reason, stockholders who own more than $100,000 of our common stock must provide bank instructions for their brokerage
account or designated U.S. bank account. Stockholders who own less than $100,000 of our common stock may also receive redemption proceeds via ACH or wire transfer, provided the payment amount is at least $5,000. For all redemptions paid via wire
transfer, the funds will be wired to the account on file with the transfer agent or, upon instructions made with a medallion signature guarantee, to another financial institution provided that the stockholder has made the necessary funds transfer
arrangements. The customer service representative can provide detailed instructions on establishing funding arrangements and designating your bank or brokerage account on file. Funds will be sent only to U.S. financial institutions (ACH network
members). 

  

	 	•	 	A medallion signature guarantee will be required in certain circumstances. The medallion signature process protects stockholders by verifying the authenticity of a signature and limiting unauthorized fraudulent
transactions. A medallion signature guarantee may be obtained from a domestic bank or trust company, broker-dealer, clearing agency, savings association, or other financial institution which participates in a medallion program recognized by the
Securities Transfer Association. The three recognized medallion programs are the Securities Transfer Agents Medallion Program (STAMP), the Stock Exchanges Medallion Program (SEMP) and the New York Stock Exchange, Inc. Medallion Signature Program
(NYSE MSP). Signature guarantees from financial institutions which are not participating in any of these medallion programs will not be accepted. A notary public cannot provide signature guarantees. We reserve the right to amend, waive or
discontinue this policy at any time and establish other criteria for verifying the authenticity of any redemption or transaction request. We may require a medallion signature guarantee if, among other reasons: (1) the amount of the redemption
request is over $100,000; (2) you wish to have redemption proceeds transferred to an account other than the designated bank or brokerage account on file for at least 30 days or sent to an address other than your address of record for the past
30 days; or (3) our transfer agent cannot confirm your identity or suspects fraudulent activity. 

 Because we intend to
accrue distributions with daily record dates, we expect that your redemption price will reflect an impact or adjustment in NAV from the distribution accrued since the most recent quarter-end, to which you will be entitled. However, we reserve the
right to adjust the periods during which distributions accrue and are paid. 
 Minimum Account Redemptions 

In the event that any stockholder fails to maintain the minimum balance of $2,000 of shares of our common stock, we may redeem all of the
shares held by that stockholder at the redemption price in effect on the date we determine that the stockholder has failed to meet the minimum balance, less any applicable short-term trading discounts unless waived. Minimum account redemptions will
apply even in the event that the failure to meet the minimum balance is caused solely by a decline in our NAV. Minimum account redemptions are subject to short-term trading discount discussed below to the extent the redeemed shares were purchased
within 365 days of redemption. 
 Available Liquidity 

We may, in the Advisor’s discretion, after taking the interests of our company as a whole and the interests of our remaining stockholders
into consideration, use proceeds from any available sources at our disposal to satisfy redemption requests, subject to the limitation on the amount of funds we may use described below under “Redemption Limitations.” Potential sources of
funding redemptions include, but are not limited to, cash on hand, cash available from borrowings, cash from the sale of shares of our common stock, and cash from liquidations of investments, to the extent that such funds are not otherwise dedicated
to a particular use, such as 

  
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working capital, cash distributions to stockholders, purchases of real property, debt related or other investments, or redemption of Class E shares or OP Units. Our board of directors has no
obligation to use other sources to redeem shares of our common stock in any circumstances. In order to maintain a reasonable level of liquidity, we intend to generally maintain under normal circumstances the following aggregate allocation to liquid
assets: (1) 10% of the aggregate NAV of our outstanding Class A, Class W and Class I shares up to $1 billion of collective Class A, Class W and Class I share NAV and (2) 5% of the aggregate NAV of our outstanding Class A,
Class W and Class I shares in excess of $1 billion of collective Class A, Class W and Class I share NAV. No assurance can be given that we will maintain this level of liquid assets at all times. 

Payment of Redemption Proceeds 

Under normal market conditions, we will pay redemption proceeds, less any applicable short-term trading discounts and any applicable tax or
other withholding required by law, by the third business day following receipt by our transfer agent or a fund intermediary of a redemption request in good order. Because our NAV per share for each class of common stock will be calculated at the
close of each business day, the redemption price may fluctuate between the date we receive the redemption request and the date on which redemption proceeds are paid. As a result, the redemption price that a stockholder will receive may be different
from the redemption price on the day the redemption proceeds are paid. 
 Redemption Limitations 

Currently, this share redemption program imposes a quarterly cap on the aggregate “net redemptions” of our Class A, Class W and
Class I share classes equal to the amount of shares of such classes with a value (based on the redemption price per share on the day the redemption is effected) of up to 5% of the aggregate NAV of the outstanding shares of such classes as of the
last day of the previous calendar quarter (the “Quarterly Cap”). We use the term “net redemptions” to mean, for any quarter, the excess of our share redemptions (capital outflows) of our Class A, Class W and Class I share
classes over the share purchases net of sales commissions (capital inflows) of such classes in the Offering (which includes purchases through our distribution reinvestment plan). Measuring redemptions on a net basis will allow us to provide our
stockholders with more liquidity during quarters when we are experiencing inflows of capital. On any business day during a calendar quarter, the maximum amount available for redemptions under the Quarterly Cap will be equal to (1) 5% of the NAV
of our outstanding Class A, Class W and Class I shares, calculated as of the last day of the previous calendar quarter, plus (2) proceeds from sales of new Class A, Class W and Class I shares in the Offering (including reinvestment of
distributions but net of sales commissions) since the beginning of the current calendar quarter, less (3) proceeds paid to redeem shares of such classes since the beginning of the current calendar quarter through the prior business day. The
Quarterly Cap will be monitored each business day by us based on reports from our transfer agent, which will provide daily updated information on the proceeds from sales of new shares and the redemption proceeds paid by us. If the Quarterly Cap is
reached during a given day, redemptions will be satisfied pro rata on that day and we will no longer redeem shares for the remainder of the quarter, regardless of additional share purchases by investors for the remainder of such quarter. 

However, for each future quarter, our board of directors reserves the right to choose whether the Quarterly Cap will be applied to “gross
redemptions,” meaning, for any class and any quarter, amounts paid to redeem shares of such class since the beginning of such calendar quarter, or “net redemptions.” In order for the board of directors to change the application of the
Quarterly Cap from net redemptions to gross redemptions or vice versa, we will notify stockholders through a prospectus supplement and/or a special or periodic report filed with the Commission, as well as in a press release or on our website, at
least 10 days before the first business day of the quarter for which the new test will apply. 
 In addition, for each future quarter, our
board of directors reserves the right to choose whether the Quarterly Cap and the “net redemptions” test will be applied to our Class A, Class W and Class I shares on a class-specific basis rather than on the aggregate basis described
above. If our board of directors chooses to have the Quarterly Cap and the “net redemptions” test apply on a class-specific basis, then “net redemptions” of our Class A, Class W and Class I share classes will mean, for any
class and any quarter, the excess of our share redemptions (capital outflows) of such class over the share purchases net of sales commissions (capital inflows) of such class in the Offering (which includes purchases through our distribution
reinvestment plan). Further, the Quarterly Cap will mean a quarterly cap on the “net redemptions” of each of our Class A, Class W and Class I share classes equal to the amount of shares of such class with an aggregate value (based on
the redemption price per share on the day the redemption is effected) of up to 5% of the NAV of the outstanding shares of such class as of the last day of the previous calendar quarter. In order for the board of directors to change the application
of the Quarterly Cap and the “net redemptions” test from being applied to our Class A, Class W and Class I shares on an aggregate basis among Class A, Class W and Class I shares, taken together, to a class-specific basis, or vice
versa, we will notify stockholders through a prospectus supplement and/or a special or periodic report filed with the Commission, as well as in a press release or on our website, at least 10 days before the first business day of the quarter for
which the new test will apply. 

  
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 On the first business day during any quarter in which we have reached that quarter’s
redemption Quarterly Cap with respect to any class of our common stock, we will promptly publicly disclose such fact through a filing with the Commission and a posting to our website in order to notify stockholders of such class that the Quarterly
Cap has been reached and when redemptions will resume. Unless our board of directors determines to modify, suspend or terminate this share redemption program, this share redemption program with respect to such class of shares will automatically and
without stockholder notification resume normal operation on the first day of the calendar quarter following the quarter in which the Quarterly Cap was reached. After the Quarterly Cap has been reached in a quarter with respect to any class of our
common stock, any unsatisfied portion of a redemption request must be resubmitted at the start of the next quarter or upon recommencement of this share redemption program, as applicable. 

Even when redemption requests do not exceed the Quarterly Cap with respect to any class, we may not have a sufficient amount of liquid assets
to satisfy redemption requests because our assets will consist primarily of properties and types of real estate-related assets that cannot be readily liquidated. 

Our board of directors may modify, suspend or terminate this share redemption program if it deems such action to be in the best interest of
our stockholders. Events that may cause our board of directors to decide to modify, suspend or terminate this share redemption program include, but are not limited to, unavailability of sufficient liquidity to fund redemption requests, adverse
developments in financial markets, regulatory changes, changes in law or if our board of directors becomes aware of undisclosed material information that it believes should be publicly disclosed before shares are redeemed. Accordingly, stockholders
cannot be assured that all of the shares in their redemption requests will be redeemed. Any suspension or termination of, or material modification to, this share redemption program will be disclosed to stockholders. If this share redemption program
is suspended by our board of directors other than as a result of reaching the Quarterly Cap of a particular class of shares, our board of directors must affirmatively authorize the recommencement of the program before stockholder requests will be
considered again. The start of a new calendar quarter will not automatically trigger the recommencement of this share redemption program. We will provide notice to stockholders of any recommencement of this share redemption program following such a
suspension due to action of our board of directors. Any modification, suspension or termination of this share redemption program will not affect any determinations that may be made by the board of directors regarding requests by holders of Class E
shares for redemption of their Class E shares pursuant to the Class E Share Redemption Program or holders of OP Units for redemption of their OP Units pursuant to the Operating Partnership Agreement. 

If the full amount of shares of any class of our common stock requested to be redeemed as of any given date cannot be redeemed due to the
Quarterly Cap for such class or lack of readily available funds, available funds will be allocated pro rata taking into consideration the total number of shares requested to be redeemed and the NAV of our classes of common stock on that date,
subject to the Quarterly Cap. With respect to any pro rata treatment, redemption requests following the death or qualifying disability of a stockholder will be considered first, as a group, with any remaining available funds allocated pro rata among
all other redemption requests. Such determinations regarding this share redemption program will not affect any determinations that may be made by the board of directors regarding requests by holders of Class E shares for redemption of their Class E
shares pursuant to the Class E Share Redemption Program or holders of OP Units for redemption of their OP Units pursuant to the Operating Partnership Agreement. 

All unsatisfied redemption requests (including the unsatisfied portion of any request not satisfied in full) due to any of the limitations
described above must be resubmitted at the start of the next quarter or upon recommencement of this share redemption program, as applicable. At the start of the next quarter, or when normal operation of the program otherwise recommences, available
funds will be allocated pro rata based on the total number of shares of such class subject to pending redemption requests, subject to the Quarterly Cap (with priority given to redemption requests following the death or qualifying disability of a
stockholder, as described in the paragraph above). 
 To avoid certain issues related to our ability to comply with the distribution
requirements applicable to us as a company that has elected to be taxed as a real estate investment trust and utilize the deficiency dividend procedure, we have implemented procedures designed to track our stockholders’ percentage interests in
our common stock in order to identify any such dividend equivalent redemptions and will decline to effect a redemption to the extent that we believe that it would constitute a dividend equivalent redemption. 

Short-Term Trading Discounts 

There is no minimum holding period for shares of our common stock and stockholders can request that we redeem their shares at any time.
However, subject to limited exceptions, shares redeemed within 365 days of the date of purchase will be redeemed at NAV per share for the class of shares being redeemed less a short-term trading discount equal to 2% of the gross proceeds otherwise
payable with respect to the redemption. This short-term trading discount will also generally apply to minimum account redemptions that occur during the 365 day period following the purchase of the shares. The short-term trading discount will inure

  
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indirectly to the benefit of our remaining stockholders and is intended to offset the trading costs, market impact and other costs associated with short-term trading in our common stock. We may,
from time to time, waive the short-term trading discount in the following circumstances: 
  

	 	•	 	redemptions resulting from death or qualifying disability; 

  

	 	•	 	in the event that a stockholder’s shares are redeemed because the stockholder has failed to maintain the $2,000 minimum account balance; or 

 

	 	•	 	with respect to shares purchased through our distribution reinvestment plan. 

 In addition, the
short-term trading discount may not apply to transactions initiated by the trustee or adviser to a donor-advised charitable gift fund, collective trust fund, common trust fund, fund of fund(s) or other institutional accounts, strategy funds or
programs if we determine, in our sole discretion, such account, fund or program has an investment strategy or policy that is reasonably likely to control short-term trading. Further, shares of our common stock may be sold to certain employer
sponsored plans, bank or trust company accounts and accounts of certain financial institutions or intermediaries for which we may not apply the redemption discount to underlying stockholders, often because of administrative or systems limitations.

 Other 
 When you make
a request to have shares redeemed, you should note the following: 
  

	 	•	 	any short-term trading discount will be applied, on a first in-first out basis unless otherwise specified by the stockholder or the stockholder’s representative; for this purpose, shares held for the longest period
of time will be treated as being redeemed first and shares held for the shortest period of time as being redeemed last; 

  

	 	•	 	if you are requesting that some but not all of your shares be redeemed, keep your balance above $2,000 to avoid minimum account redemption, if applicable; 

 

	 	•	 	you will not receive interest on amounts represented by uncashed redemption checks; and 

  

	 	•	 	under applicable anti-money laundering regulations and other federal regulations, redemption requests may be suspended, restricted or canceled and the proceeds may be withheld. 

Internal Revenue Service regulations require us to determine and disclose on Form 1099-B the adjusted cost basis for shares of our stock sold
or redeemed. Although there are several available methods for determining the adjusted cost basis, unless you elect otherwise, which you may do by calling our customer service number at (888) 310-9352, we will utilize the first-in-first-out
method. The tax treatment of stockholders whose shares of our common stock are redeemed by us under this share redemption program will depend on the specific circumstances of the stockholder, and each stockholder should consult his or her own tax
adviser regarding the tax consequences of redemptions. 
 As previously described, this share redemption program, including redemption upon
the death or disability of a stockholder, is not intended to provide liquidity to any stockholder (and any subsequent transferee of such stockholder) who acquired, directly or indirectly, his or her shares by purchase or other taxable transaction
from another stockholder, unless shares acquired in such transactions are approved for redemption by our management in its sole discretion. In connection with a request for redemption, the requesting stockholder or his or her estate, heir or
beneficiary will be required to certify to us that the stockholder either (1) acquired the shares to be repurchased directly from us and no direct or indirect transfer of the shares has occurred since the stockholder acquired the shares from
us, or (2) acquired the shares from the original stockholder, directly or indirectly, by way of one or more transactions that were not for cash (or other consideration) in connection with a non-taxable transaction, including transactions for
the benefit of a member of the original stockholder’s immediate or extended family (including the original stockholder’s spouse, parents, siblings, children or grandchildren and including relatives by marriage) through a transfer to a
custodian, trustee or other fiduciary for the account of the original stockholder or members of the original stockholder’s immediate or extended family in connection with an estate planning transaction, including by bequest or inheritance upon
death or operation of law. 
 Moreover, all shares of our common stock requested to be repurchased must be beneficially owned by the
stockholder of record making the request or his or her estate, heir or beneficiary, or the party requesting the repurchase must be authorized to do so by the stockholder of record of the shares or his or her estate, heir or beneficiary, and such
shares of common stock must be fully 

  
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transferable and not subject to any liens or encumbrances. In certain cases, we may ask the requesting party provide evidence satisfactory to us that the shares requested for repurchase are not
subject to any liens or encumbrances. If we determine that a lien exists against the shares, we will not be obligated to redeem any shares subject to the lien. 

As set forth above, we will redeem shares upon the death of a stockholder who is a natural person, subject to the conditions and limitations
described above, including shares held by such stockholder through a revocable grantor trust, or an IRA or other retirement or profit-sharing plan, after receiving written notice from the estate of the stockholder, the recipient of the shares
through bequest or inheritance, or, in the case of a revocable grantor trust, the trustee of such trust, who shall have the sole ability to request redemption on behalf of the trust. We must receive the written redemption request within 18 months
after the death of the stockholder in order for the requesting party to rely on any of the special treatment described above that may be afforded in the event of the death of a stockholder. Such a written request must be accompanied by a certified
copy of the official death certificate of the stockholder. If spouses are joint registered holders of shares, the request to redeem the shares may be made if either of the registered holders dies. If the stockholder is not a natural person, such as
certain trusts or a partnership, corporation or other similar entity, the right of redemption upon death does not apply. 
 Furthermore, as
set forth above, we will redeem shares held by a stockholder who is a natural person who is deemed to have a qualifying disability (which we define as such term is defined in Section 72(m)(7) of the Code), subject to the conditions and
limitations described above, including shares held by such stockholder through a revocable grantor trust, or an IRA or other retirement or profit-sharing plan, after receiving written notice from such stockholder, provided that the condition causing
the qualifying disability was not pre-existing on the date that the stockholder became a stockholder. We must receive the written redemption request within 18 months of the initial determination of the stockholder’s disability in order for the
stockholder to rely on any of the waivers described above that may be granted in the event of the disability of a stockholder. If spouses are joint registered holders of shares, the request to redeem the shares may be made if either of the
registered holders acquires a qualifying disability. If the stockholder is not a natural person, such as certain trusts or a partnership, corporation or other similar entity, the right of redemption upon disability does not apply. 

  
 7EX-4.1

 Exhibit 4.1 

[Form of 5.20% Notes due 2019] 
  

			
	Registered No.	 	Common Code: 115330381
		 	ISIN No. XS1153303810

 (Face of Security) 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE 2008 INDENTURE AS DEFINED HEREIN ON THE REVERSE OF THIS SECURITY AND IS
REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE 2008 INDENTURE AND ON THE REVERSE OF THE SECURITY. 

THIS SECURITY IS NOT A BANK DEPOSIT AND IS NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY, NOR
IS IT AN OBLIGATION OF, OR GUARANTEED BY, A BANK. 
  
 (Face of
Security continued on next page) 

 THE GOLDMAN SACHS GROUP, INC. 

5.20% Notes due 2019 
 The
Goldman Sachs Group, Inc., a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”, which term includes any successor Person under the 2008 Indenture as defined on the reverse
of this Security), for value received, hereby promises to pay to             , or registered assigns, the principal sum of
             on December 17, 2019 and to pay interest thereon, calculated as set forth below, on June 17 and December 17 in each year, commencing on June 17, 2015
and at the Maturity of the principal hereof, at the rate of 5.20% per annum, until the principal hereof is paid or made available for payment. Any such installment of interest that is overdue shall also bear interest at the rate of 5.20%
per annum (to the extent that the payment of such interest shall be legally enforceable), from the date any such overdue amount first becomes due until it is paid or made available for payment. Notwithstanding the foregoing, interest on any
installment of interest that is overdue shall be payable on demand. 
 On each Interest Payment Date, the amount of interest payable
will equal the principal sum hereof multiplied by an accrued interest factor for the Interest Period. The Interest Period will be the period from and including the Original Issue Date, or the last date to which interest has been paid (subject
to the Business Day convention specified on the face hereof), to but excluding the next date to which interest will be paid (subject to the Business Day convention specified on the face hereof). The accrued interest factor will be determined by
multiplying the annual interest rate times the actual number of days in the Interest Period, including February 29 in a leap year (if such day falls in such period), divided by the product of (1) the actual
number of days in such Interest Period and (2) the number of Interest Periods in the calendar year. 
 The interest so payable,
and punctually paid or made available for payment, on any Interest Payment Date will, as provided in the 2008 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 the calendar day (whether or not a Business Day, as defined below) next preceding such Interest Payment Date. Any interest so payable, but not punctually paid or made available for
payment, on any Interest Payment Date will forthwith cease to be payable to the Holder on such Regular Record Date and such Defaulted Interest 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 being given to the Holder of this Security not less than 10 days prior to such Special Record Date, or
be paid in any other lawful manner not inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the 2008 Indenture.

  
 (Face of Security continued on next page) 

  
 -2- 

 All percentages resulting from any calculation with respect to this Security will be rounded
upward or downward, as appropriate, to the next higher or lower one hundred-thousandth of a percentage point (e.g., 9.876541% (or .09876541) being rounded down to 9.87654% (or .0987654) and 9.876545% (or .09876545) being rounded up to
9.87655% (or .0987655)). All amounts used in or resulting from any calculation with respect to this Security will be rounded upward or downward, as appropriate, to the nearest cent, in the case of U.S. dollars, or to the nearest corresponding
hundredth of a unit, in the case of a currency other than U.S. dollars, with one-half cent or one-half of a corresponding hundredth of a unit or more being rounded upward. 

Currency and Manner of Payment 

Payment of the principal of and premium or interest on this Security will be made in New Zealand dollars. Notwithstanding any other provision
of this Security or the 2008 Indenture, if this Security is a Global Security, any payment in respect of this Security may be made pursuant to the Applicable Procedures of the Depositary as permitted in the 2008 Indenture. (References in this
Security to New Zealand dollars shall mean such coin or currency of New Zealand as at the time of payment is legal tender for payment of public and private debts. References in this Security to U.S. dollars shall mean 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.) 
 Subject to the prior
paragraph and except as provided in the next paragraph, payment of any amount payable on this Security will be made at the office or agency of the Company maintained for that purpose in The City of New York (and at any other office or agency
maintained by the Company for that purpose), against surrender of this Security in the case of any payment due at the Maturity of the principal hereof (other than any payment of interest that first becomes due on an Interest Payment Date);
provided, however, that, at the option of the Company and subject to the next paragraph, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security
Register. 
 Subject to the second preceding paragraph, payment of any amount payable on this Security will be made by wire transfer of
immediately available funds to an account maintained by the payee with a bank located in the Borough of Manhattan, The City of New York, if (i) the principal of this Security is at least US$1,000,000 (or the equivalent in New Zealand dollars)
and (ii) the Holder entitled to receive such payment transmits a written request for such payment to be made in such manner to the Trustee at its Corporate Trust Office, Attention: Global Corporate Trust, on or before the fifth Business Day
before the day on which such payment is to be made; provided that, in the case of any such payment due at the Maturity of the principal hereof (other than any payment of interest that first becomes due on an Interest Payment Date), this
Security must be surrendered at the office or agency of the Company maintained for that purpose in The City of New York (or at any other office or agency maintained by the Company for that purpose) in time for the Paying Agent to make such payment
in such funds in accordance with its normal procedures. Any such request made with respect to any payment on this Security payable to a particular Holder will remain in effect for all later payments on this Security payable to such Holder, unless
such request is revoked on or before the fifth Business Day before a payment is to be made, in which case such revocation shall be effective for such payment and all later payments. In the case of any payment of interest payable on an Interest
Payment Date, such 
  
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 -3- 

 
written request must be made by the Person who is the registered Holder of this Security on the relevant Regular Record Date. The Company will pay any administrative costs imposed by banks in
connection with making payments by wire transfer with respect to this Security, but any tax, assessment or other governmental charge imposed upon any payment will be borne by the Holder of this Security and may be deducted from the payment by the
Company or the Paying Agent. 
 Payments Due on a Business Day 

Notwithstanding any provision of this Security or the 2008 Indenture, if the Maturity of the principal hereof occurs on a day that is not a
Business Day, any amount of principal, premium or interest that would otherwise be due on this Security on such day (the “Specified Day”) may be paid or made available for payment on the Business Day that is next succeeding the
Specified Day with the same force and effect as if such amount were paid on the Specified Day, and no interest will accrue on the amount so payable for the period from the Specified Day to such next succeeding Business Day. “Business Day”
means any day that is not a Saturday or Sunday, and that is not a day on which banking institutions generally are authorized or obligated by law, regulation or executive order to close in The City of New York, London, Auckland, New Zealand or
Wellington, New Zealand. 
 If any Interest Payment Date other than one that falls on the date of Maturity of the principal hereof would
otherwise fall on a day that is not a Business Day, any payment due on such date shall be postponed to the next day that is a Business Day; provided that interest due with respect to an Interest Payment Date shall not accrue from and
including such Interest Payment Date to and including the date of payment of such interest as so postponed; provided further that the Interest Periods shall not be adjusted for non-Business Days. 

The provisions of the two immediately preceding paragraphs shall apply to this Security in lieu of the provisions of Section 1.13 of the
2008 Indenture. 
 Payments Made in U.S. Dollars 

Notwithstanding any provision of this Security or the 2008 Indenture, if any amount payable on this Security is payable on any day and if New
Zealand dollars are not available to the Company on the two Business Days before such day, due to the imposition of exchange controls, disruption in a currency market or any other circumstances beyond the control of the Company, the Company will be
entitled to satisfy its obligation to pay such amount in New Zealand dollars by making such payment in U.S. dollars. The amount of such payment in U.S. dollars shall be determined by the Exchange Rate Agent on the basis of the noon buying rate for
cable transfers in The City of New York for New Zealand dollars (the “Exchange Rate”) as of the latest day before the day on which such payment is to be made. Any payment made under such circumstances in U.S. dollars where the required
payment is in New Zealand dollars will not constitute an Event of Default under this Security or the 2008 Indenture. 
  

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 Exchange Rate Agent 

As used herein, the “Exchange Rate Agent” shall initially mean Goldman Sachs International; provided that the Company
may, and in its sole discretion, appoint any other institution (including any affiliate of the Company) to serve as any such agent from time to time. Insofar as this Security provides for any such agent to obtain rates, quotes or other data from a
bank, dealer or other institution for use in making any determination hereunder, such agent may do so from any institution or institutions of the kind contemplated hereby notwithstanding that any one or more of such institutions are any such agent,
affiliates of any such agent or affiliates of the Company. 
 All determinations made by the Exchange Rate Agent pursuant to the
terms of this Security shall be, absent manifest error, conclusive for all purposes and binding on the Holder of this Security and the Company, and the Exchange Rate Agent shall have no liability therefor. 

 
  

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 by manual signature, this Security shall not be entitled to any benefit under the 2008 Indenture or be valid or obligatory for any purpose. 
  

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 -5- 

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

Dated: December 17, 2014 
  

			
	THE GOLDMAN SACHS GROUP, INC.
		
	By	 	  

	Name:	 	
	Title:	 	

 This is one of the Securities of the series designated herein and referred to in the 2008 Indenture.

 Dated: December 17, 2014 
  

			
	 THE BANK OF NEW YORK MELLON,

     as Trustee

		
	By	 	  

		 	Authorized Signatory

  
 -6- 

 (Reverse of Security) 
  

	 	1.	Securities and Indenture. 

 This Security is one of a duly
authorized issue of securities of the Company (herein called the “Securities”) issued and to be issued in one or more series under a Senior Debt Indenture, dated as of July 16, 2008 (herein called the “2008 Indenture”, which
term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon, as Trustee (herein called the “Trustee”, which term includes any successor trustee under the 2008 Indenture), and
reference is hereby made to the 2008 Indenture 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. 
  

	 	2.	Series and Denominations. 

 This Security is one of the series
designated on the face hereof, limited to an aggregate principal amount as shall be determined and may be increased from time to time by the Company. Any election by the Company so to increase such aggregate principal amount shall be evidenced by a
certificate of an Authorized Person (as defined in the Determination of an Authorized Person, dated December 17, 2014, with respect to this series). References herein to “this series” mean the series of Securities designated on the
face hereof. The Securities of this series are issuable only in registered form without coupons in denominations of integral multiples of NZD1,000, subject to a minimum denomination of NZD2,000. 

 

	 	3.	Additional Amounts. 

 If the beneficial owner of this Security is a
United States Alien (as defined below), the Company will pay all additional amounts that may be necessary so that every net payment of the principal of and interest on this Security to such beneficial owner, after deduction or withholding for or on
account of any present or future tax, assessment or governmental charge imposed with respect to such payment by any U.S. Taxing Authority (as defined below), will not be less than the amount provided for in this Security to be then due and payable;
provided, however, that the Company shall have no obligation to pay additional amounts for or on account of any one or more of the following: 

(i) any tax, assessment or other governmental charge imposed solely because at any time there is or was a connection between
such beneficial owner (or between a fiduciary, settlor, beneficiary or member of such beneficial owner, if such beneficial owner is an estate, trust or partnership) and the United States (as defined below) (other than the mere receipt of a payment
on, or the ownership or holding of, a Security), including because such beneficial owner (or such fiduciary, settlor, beneficiary or member) at any time, for U.S. federal income tax purposes: (a) is or was a citizen or resident, or is or was
treated as a resident, of the United States, (b) is or was present in the United States, (c) is or was engaged in a trade or business in the United States, (d) has or 

 
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 -7- 

 
had a permanent establishment in the United States, (e) is or was a domestic or foreign personal holding company, a passive foreign investment company or a controlled foreign corporation,
(f) is or was a corporation that accumulates earnings to avoid U.S. federal income tax or (g) is or was a “10-percent shareholder” of the Company as defined in section 871(h)(3) of the U.S. Internal Revenue Code or any successor
provision; 
 (ii) any tax, assessment or governmental charge imposed solely because of a change in applicable law or
regulation, or in any official interpretation or application of applicable law or regulation, that becomes effective more than 15 days after the day on which the payment becomes due or is duly provided for, whichever occurs later; 

(iii) any estate, inheritance, gift, sales, excise, transfer, wealth or personal property tax or any similar tax, assessment or
other governmental charge; 
 (iv) any tax, assessment or other governmental charge imposed solely because such beneficial
owner or any other Person fails to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with the United States of the Holder or any beneficial owner of this
Security, if compliance is required by statute, by regulation of the U.S. Treasury Department or by an applicable income tax treaty to which the United States is a party, as a precondition to exemption from such tax, assessment or other governmental
charge; 
 (v) any tax, assessment or other governmental charge that is payable otherwise than by deduction or withholding
from payments of principal of or interest on this Security; 
 (vi) any tax, assessment or other governmental charge imposed
solely because the payment is to be made by a particular Paying Agent (which term may include the Company) and would not be imposed if made by another Paying Agent (which term may include the Company); 

(vii) any tax, assessment or other governmental charge imposed solely because the Holder (1) is a bank purchasing this
Security in the ordinary course of its lending business or (2) is a bank that is neither (A) buying this Security for investment purposes only nor (B) buying this Security for resale to a third party that either is not a bank or
holding the note for investment purposes only; or 
 (viii) any combination of the taxes, assessments or other governmental
charges described in items (i) through (vii) of this Section 3. 
 Additional amounts also will not be paid with respect to
any payment of principal of or interest on this Security to any United States Alien who is a fiduciary or a partnership, or who is not the sole beneficial owner of any such payment, to the extent that the Company would not be required to pay
additional amounts to any beneficiary or settlor of such fiduciary or any member of such a partnership, or to any beneficial owner of the payment, if that Person had been treated as the beneficial owner of this Security for this purpose. 

 
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 -8- 

 In addition, any amounts to be paid on this Security will be paid net of any deduction or
withholding imposed or required pursuant to Sections 1471 through 1474 of the U.S. Internal Revenue Code, any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code,
or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the U.S. Internal Revenue Code, and no additional amounts will be
required to be paid on account of any such deduction or withholding. 
 The term “United States Alien” means any Person
who, for U.S. federal income tax purposes, is a nonresident alien individual, a foreign corporation, a foreign partnership one or more of the members of which is, for United States federal income tax purposes, a foreign corporation, a nonresident
alien individual or a nonresident alien fiduciary of a foreign estate or trust, or a nonresident alien fiduciary of an estate or trust that is not subject to U.S. federal income tax on a net income basis on income or gain from this Security. For the
purposes of this Section 3 and Section 4 only, (a) the term “United States” means the United States of America (including the states thereof and the District of Columbia), together with the territories, possessions
and all other areas subject to the jurisdiction of the United States of America and (b) the term “U.S. Taxing Authority” means the United States of America or any state, other jurisdiction or taxing authority in the United
States. 
 Except as specifically provided in this Security, the Company shall not be required to make any payment with respect to any tax,
assessment or other governmental charge imposed by any government or any political subdivision or taxing authority thereof or therein. 

Whenever in the Securities of this series (or in the 2008 Indenture, including in Sections 5.01(1) and (2) thereof, insofar as applicable
to this series) there is a reference, in any context, to the payment of the principal of or interest on any Security of this series, such mention shall be deemed to include mention of any payment of additional amounts to United States Aliens in
respect of such payment of principal or interest to the extent that, in such context, such additional amounts are, were or would be payable in respect thereof pursuant to this Section 3 or any corresponding section of another Security of this
series, as the case may be. Express mention of the payment of additional amounts in any provision of any Security of this series shall not be construed as excluding additional amounts in the provisions of any Security of this series (or of the 2008
Indenture insofar as it applies to this series) where such express mention is not made. 
  

	 	4.	Redemption at the Company’s Option. 

 The Securities of this
series may be redeemed, as a whole but not in part, at the option of the Company, at a redemption price equal to 100% of the principal amount of the Securities to be redeemed, together with interest accrued to the date fixed for redemption, if, as a
result of any amendment to, or change in, the laws or regulations of any U.S. Taxing Authority (as defined in Section 3 above), or any amendment to or change in any official interpretation or application of such laws or regulations, which
amendment or change becomes effective or is announced on or after December 10, 2014, the Company will become obligated to pay, on the next Interest Payment Date, additional amounts in respect of any Security of this series pursuant to
Section 3 
  
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 -9- 

 
of this Security or any corresponding section of another Security of this series. If the Company becomes entitled to redeem the Securities of this series, it may do so on any day thereafter
pursuant to the 2008 Indenture; provided, however, that (1) the Company gives the Holder of this Security notice of such redemption not more than 60 days nor less than 30 days prior to the date fixed for redemption as
provided in the 2008 Indenture, (2) no such notice of redemption may be given earlier than 90 days prior to the next Interest Payment Date on which the Company would be obligated to pay such additional amounts and (3) at the time such
notice is given, such obligation to pay such additional amounts remains in effect. Immediately prior to the giving of any notice of redemption of Securities pursuant to this Section 4, the Company will deliver to the Trustee an Officers’
Certificate stating that the Company is entitled to effect such redemption and setting forth in reasonable detail a statement of facts showing that the conditions precedent to the right of the Company to so redeem the Securities have occurred.
Interest installments due on or prior to a Redemption Date will be payable to the Holder of this Security or one or more Predecessor Securities, of record at the close of business on the relevant record date, all as provided in the 2008 Indenture.

  

	 	5.	Defeasance. 

 The 2008 Indenture contains provisions for defeasance
at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the 2008 Indenture. Both of such
provisions are applicable to this Security. 
  

	 	6.	Modification and Waiver. 

 The 2008 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 to be affected under the 2008 Indenture at any time by the Company and the
Trustee with the consent of the Holders of a majority in principal amount of all Securities at the time Outstanding to be affected, considered together as one class for this purpose (such Securities to be affected may be Securities of the same or
different series and, with respect to any series, may comprise fewer than all the Securities of such series). The 2008 Indenture also contains provisions (i) permitting the Holders of a majority in principal amount of the Securities at the time
Outstanding to be affected under the 2008 Indenture, considered together as one class for this purpose (such affected Securities may be Securities of the same or different series and, with respect to any particular series, may comprise fewer than
all the Securities of such series), on behalf of the Holders of all Securities so affected, to waive compliance by the Company with certain provisions of the 2008 Indenture and (ii) permitting the Holders of a majority in principal amount of
the Securities at the time Outstanding of any series to be affected under the 2008 Indenture (with each such series considered separately for this purpose), on behalf of the Holders of all Securities of such series, to waive certain past defaults
under the 2008 Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and 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 this Security. 
  

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 -10- 

	 	7.	Remedies. 

 If an Event of Default with respect to Securities of
this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the 2008 Indenture. 

As provided in and subject to the provisions of the 2008 Indenture, the Holder of this Security shall not have the right to institute any
proceeding with respect to the 2008 Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect
to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

If so provided pursuant to the terms of any specific Securities, the above-referenced provisions of the 2008 Indenture regarding the ability
of Holders to waive certain defaults, or to request the Trustee to institute proceedings (or to give the Trustee other directions) in respect thereof, may be applied differently with regard to such Securities. 

No reference herein to the 2008 Indenture and no provision of this Security or of the 2008 Indenture shall alter or impair the obligation of
the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

 

	 	8.	Transfer and Exchange. 

 As provided in the 2008 Indenture and
subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security 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 by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his or her attorney
duly authorized in writing, and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

As provided in the 2008 Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security 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 by, or accompanied by a written 

 
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 -11- 

 
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his or her attorney duly authorized in writing, and thereupon one or
more new Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

As provided in the 2008 Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like
aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, 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. 
 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. 
 This Security is a Global Security and is generally
subject to the provisions of the 2008 Indenture relating to Global Securities, provided however, that notwithstanding Clause (2) of Section 3.05 thereof, the provisions of this paragraph shall apply to this Global Security in lieu
of the provisions of said Clause (2) (and, with respect to this Global Security, references to said Clause (2) in the 2008 Indenture shall mean this paragraph). This Global Security may not be exchanged in whole or in part for Securities
registered, and no transfer of this Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for this Global Security or a nominee thereof unless (A) the Depositary has notified the Company that
it is unwilling or unable to continue as Depositary for this Global Security, (B) there shall have occurred and be continuing an Event of Default with respect to this Global Security or (C) the Company has executed and delivered to the
Trustee a Company Order stating that this Global Security shall be exchanged in whole for Securities that are not Global Securities (in which case such exchange shall promptly be effected by the Trustee). If the Company receives a notice of the kind
specified in Clause (A) above or has delivered a Company Order of the kind specified in Clause (C) above, it may, in its sole discretion, designate a successor Depositary for this Global Security within 60 days after receiving such notice
or delivery of such order, as the case may be. If the Company designates a successor Depositary as aforesaid, this Global Security shall promptly be exchanged in whole for one or more other Global Securities registered in the name of the successor
Depositary, whereupon such designated successor shall be the Depositary for such successor Global Security or Global Securities and the provisions of this paragraph and of Clauses (1), (3) and (4) of Section 3.05 of the 2008 Indenture
shall continue to apply thereto. 
  
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continued on next page) 

  
 -12- 

	 	9.	Governing Law. 

 This Security and the 2008 Indenture shall be
governed by and construed in accordance with the laws of the State of New York. 
  

	 	10.	Terms Defined in the 2008 Indenture. 

 All terms used in this
Security which are defined in the 2008 Indenture but not otherwise defined herein shall have the meanings assigned to them in the 2008 Indenture. 
  

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 -13- 

 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 Typewrite Name and Address Including Postal Zip Code of Assignee) 

 
  

the attached Security and all rights thereunder, and hereby irrevocably constitutes and appoints 

 
  

 
 to transfer said Security on the books of the
Company, with full power of substitution in the premises. 
  

					
	 Date:                     

 
 Signature Guaranteed

 
  

NOTICE: Signature must be Medallion
 Signature Guaranteed.

 
	 		  	  
 NOTICE: The signature to this
assignment must correspond with the name of the Holder as written upon the face of the attached Security in every particular, without alteration or enlargement or any change whatever.

  
 -14-

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