Document:

Exhibit 4.1

 

NORFOLK
SOUTHERN CORPORATION,

 

as Issuer

 

and

 

U.S. BANK
NATIONAL ASSOCIATION,

 

as Trustee

 

SEVENTH
SUPPLEMENTAL INDENTURE

 

Dated
as of August 25, 2021

 

to

 

INDENTURE

 

Dated as of February
28, 2018

 

2.900%
Senior Notes due 2051

    	 

    	 

    

TABLE OF
CONTENTS

ARTICLE
I

Definitions

	SECTION 1.01	Definitions	1

ARTICLE
II

Establishment of the Notes

	SECTION 2.01	Designation and Establishment	3
	SECTION 2.02	Form of the Notes	3
	SECTION 2.03	Principal Amount of the Notes	3
	SECTION 2.04	Interest Rate; Stated Maturity	3
	SECTION 2.05	No Sinking Fund	4
	SECTION 2.06	Global Notes and Denomination of the Notes	4
	SECTION 2.07	Optional Redemption	4
	SECTION 2.08	Change of Control Repurchase Event	4

ARTICLE
III

Miscellaneous

	SECTION 3.01	Application of Seventh Supplemental Indenture	5
	SECTION 3.02	Effective Date of Seventh Supplemental Indenture	5
	SECTION 3.03	Counterparts	6
	SECTION 3.04	Trustee Not Responsible for Recitals	6
	SECTION 3.05	Governing Law	6

    	 

    	 

    

SEVENTH
SUPPLEMENTAL INDENTURE dated as of August 25, 2021 (this “Seventh Supplemental Indenture”), by and between
Norfolk Southern Corporation, a Virginia corporation, as issuer (the “Company”), and U.S. Bank National Association,
as trustee (the “Trustee”).

WHEREAS,
the Company executed and delivered the indenture, dated as of February 28, 2018, to the Trustee (the “Base Indenture”,
as supplemented by this Seventh Supplemental Indenture, the “Indenture”), to provide for the issuance of the
Company’s unsubordinated and unsecured debt securities to be issued in one or more series;

WHEREAS,
pursuant to Section 9.01 of the Base Indenture, the Company desires to provide for the establishment of a new series of Securities
under the Base Indenture to be known as its “2.900% Senior Notes due 2051” (the “Notes”), the form
and substance and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Seventh
Supplemental Indenture;

WHEREAS,
the execution and delivery of this Seventh Supplemental Indenture and the issuance of the Notes have been authorized by a Board
Resolution and the Board of Directors has authorized the proper officers of the Company to execute and deliver any and all appropriate
documents necessary or appropriate to effect such issuance;

WHEREAS,
the Company requests that the Trustee execute and deliver this Seventh Supplemental Indenture; and

WHEREAS,
all things necessary to make this Seventh Supplemental Indenture a valid agreement of the Company and the Trustee, in accordance
with its terms, and to make the Notes, when executed by the Company and authenticated and delivered by the Trustee, the valid
obligations of the Company, have been performed, and the execution and delivery of this Seventh Supplemental Indenture has been
duly authorized in all respects.

NOW THEREFORE,
in consideration of the premises and the purchase and acceptance of the Notes by the Holders thereof and other valuable consideration,
the receipt of which is hereby acknowledged by the Company, and for the purpose of setting forth, as provided in the Base Indenture,
the form, terms and conditions of the Notes, the Company covenants and agrees with the Trustee for the benefit of the Holders
of the Notes, as follows:

ARTICLE
I

Definitions

SECTION
1.01          Definitions.
Unless the context otherwise requires, capitalized terms used but not defined herein or in the recitals above have the respective
meanings set forth in the Base Indenture. The following additional terms are hereby established for purposes of this Seventh Supplemental
Indenture and shall have the meaning set forth in this Seventh Supplemental Indenture only for purposes of this Seventh Supplemental
Indenture.

    	1

    	 

    

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

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

“Change
of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Ratings Event
with respect to the Notes.

“DTC”
means The Depository Trust Company.

“Global
Note” means a Security evidencing all or a part of a series of Securities, issued to the Depositary for such series
in accordance with Section 2.12 of the Base Indenture.

“Initial
Issue Date” means August 25, 2021.

“Interest
Payment Date” means, with respect to the payment of interest on the Notes, February 25 and August 25 of each year.

“investment
grade” means, with respect to Moody’s, a rating of Baa3 or better (or its equivalent under any successor rating
categories of Moody’s); with respect to S&P, a rating of BBB- or better (or its equivalent under any successor rating
categories of S&P); and, with respect to any additional Rating Agency or Rating Agencies selected by the Company, the equivalent
investment grade credit rating.

“Moody’s”
means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors.

    	2

    	 

    

“Notes”
has the meaning set forth in the recitals above.

“Rating
Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P ceases to rate the
Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally
recognized statistical rating organization” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company
(as certified by a Board Resolution) as a replacement agency for Moody’s or S&P, or both of them, as the case may be.

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

“Voting
Stock” of any specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act) as of any
date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors
of such person.

The words
“herein,” “hereof,” and “hereunder” and other words of similar import refer to this Seventh
Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision. The rules of construction set
forth in Section 1.04 of the Base Indenture shall apply to this Seventh Supplemental Indenture.

ARTICLE
II

Establishment of the Notes

SECTION
2.01          Designation
and Establishment. Pursuant to the terms hereof and Section 2.01 of the Base Indenture, the Company hereby establishes a new
series of Securities designated as the “2.900% Senior Notes due 2051”. The series of Notes may be reopened, from time
to time, for issuances of additional Securities of such series. Any such additional Securities shall have the same ranking, interest
rate, Stated Maturity and other terms as the Notes (other than the issue date, issue price and payment of interest accruing prior
to the issue date of such additional Securities). Any such additional Securities, together with the Notes herein provided for,
shall constitute a single series of Securities under the Indenture. If any such additional Securities are not fungible with the
Notes issued on the Initial Issue Date for U.S. federal income tax purposes, such additional Securities will have a different
CUSIP number from such Notes issued on the Initial Issue Date.

SECTION
2.02          Form
of the Notes. The Notes shall be issued in substantially the form set forth in Exhibit A hereto.

SECTION
2.03          Principal
Amount of the Notes. The Notes shall be initially issued in an aggregate principal amount of $600,000,000.

SECTION
2.04          Interest
Rate; Stated Maturity.

(a)The Notes issued
pursuant to this Seventh Supplemental Indenture shall bear interest (computed on the basis of a 360-day year consisting of twelve
30-day months) from August 25, 2021 at the rate of 2.900% per annum payable semiannually in arrears; interest payable on each
Interest Payment Date shall include interest accrued from August 25, 2021, or from the most recent date to which interest has
been paid or duly provided for; the Interest Payment Dates on which such interest shall be payable are February 25 and August
25, commencing on February 25, 2022; and the record date for the interest payable on any Interest Payment Date is the close of
business on the February 10 or August 10, as the case may be, next preceding the relevant Interest Payment Date. The Notes shall
have a Stated Maturity of August 25, 2051.

    	3

    	 

    

SECTION
2.05          No
Sinking Fund. No sinking fund is provided for the Notes.

SECTION
2.06          Global
Notes and Denomination of the Notes. Upon the original issuance, the Notes shall be represented by one or more Global Notes.
The Company shall issue the Notes in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof and
shall deposit the Global Notes with the Trustee as Custodian for DTC in New York, New York, and register the Global Notes in the
name of DTC or its nominee.

SECTION
2.07          Optional
Redemption. The Notes are subject to redemption at the option of the Company as set forth in the form of Note attached hereto
as Exhibit A. 

SECTION
2.08          Change
of Control Repurchase Event.

(a) If
a Change of Control Repurchase Event occurs with respect to the Notes, unless the Company has exercised its right to redeem the
Notes pursuant to paragraph 5 of the Notes, the Company will make an offer to each Holder of the Notes to repurchase all or any
part (in integral multiples of $1,000) of that Holder’s Notes at a repurchase price (the “Repurchase Price”)
in cash equal to 101% of the aggregate principal amount of such Notes repurchased plus any accrued and unpaid interest on the
Notes repurchased to, but not including, the Repurchase Date (defined below). Within 30 days following a Change of Control Repurchase
Event or, at the Company’s option, prior to a Change of Control, but after the public announcement of such Change of Control,
the Company will mail, or cause to be mailed, a notice to each Holder of the Notes, with a copy to the Trustee, describing the
transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase
the Notes on the payment date specified in the notice (such offer the “Repurchase Offer” and such date the
“Repurchase Date”), which Repurchase Date will be a Business Day that is no earlier than 30 days and no later
than 60 days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change
of Control, state that the Repurchase Offer is conditioned on a Change of Control Repurchase Event occurring on or prior to the
Repurchase Date.

(b)              
The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations
thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result
of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with
the Change of Control Repurchase Event provisions of the Notes, the Company will comply with the applicable securities laws and
regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of
the Notes by virtue of such conflict.

    	4

    	 

    

(c)               
On the Repurchase Date following a Change of Control Repurchase Event, the Company will, to the extent lawful:

(1)              
accept for payment all Notes or portions of Notes properly tendered pursuant to the Repurchase Offer;

(2)              
deposit with the Trustee, or with such Paying Agent as the Trustee may designate, an amount equal to the aggregate Repurchase
Price for all Notes or portions of Notes properly tendered; and

(3)              
deliver, or cause to be delivered, to the Trustee the Notes properly accepted, together with an Officers’ Certificate
stating the aggregate principal amount of Notes being repurchased by the Company pursuant to the Repurchase Offer and that all
conditions precedent to the repurchase by the Company of Notes pursuant to the Repurchase Offer have been complied with.

(d)              
The Trustee will promptly mail, or cause the Paying Agent to promptly mail, to each Holder of Notes, or portions of Notes,
properly tendered the Repurchase Price for such Notes, or portions of such Notes, and the Trustee will promptly authenticate and
mail (or cause to be transferred by book-entry) to each Holder a new note equal in principal amount to any unpurchased portion
of any Notes surrendered, as applicable; provided that each new note will be in a principal amount equal to $2,000 and
integral multiples of $1,000 in excess thereof.

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

ARTICLE
III

Miscellaneous

SECTION
3.01          Application
of Seventh Supplemental Indenture. Except as expressly provided herein, each and every term and condition contained in this
Seventh Supplemental Indenture that modifies, amends or supplements the terms and conditions of the Base Indenture shall apply
only to the Notes established hereby, and not to any other series of Securities established under the Base Indenture. Except as
specifically amended and supplemented by, or to the extent inconsistent with, this Seventh Supplemental Indenture, the Base Indenture
shall remain in full force and effect and is hereby ratified and confirmed.

SECTION
3.02          Effective
Date of Seventh Supplemental Indenture. This Seventh Supplemental Indenture shall be effective upon the execution and delivery
hereof by each of the parties hereto.

    	5

    	 

    

SECTION
3.03          Counterparts.
This Seventh Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to
be an original, but all such counterparts shall together constitute but one and the same instrument. The words “execution,”
“signed,” “signature,” and words of like import in this Seventh Supplemental Indenture or in any other
certificate, agreement or document related to this Seventh Supplemental Indenture or the Notes shall include images of manually
executed signatures transmitted by facsimile or other electronic format (including, without limitation, “pdf”, “tif”
or “jpg”) and electronic signatures provided by DocuSign, AdobeSign or such other digital signature provider as specified
in writing to the Trustee by an authorized representative of the Company. For the avoidance of doubt, any written communication
to the Trustee hereunder may be signed manually and transmitted by facsimile or other electronic format (including, without limitation,
“pdf”, “tif” or “jpg”) or signed by way of an electronic signature provided by DocuSign, AdobeSign
or such other digital signature provider as specified in writing to the Trustee by an authorized representative of the Company.
The use of electronic signatures and electronic records (including, without limitation, any contract or other record created,
generated, sent, communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability
as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by applicable law,
including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and
Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions
Act or the Uniform Commercial Code. The Company agrees to assume all risks arising out of the use of digital signatures and electronic
methods to submit communications to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions,
and the risk of interception and misuse by third parties.

SECTION
3.04          Trustee
Not Responsible for Recitals. The recitals herein contained are made by the Company and not by the Trustee, and the Trustee
assumes no responsibility for the correctness thereof. The Trustee makes no representation as to the validity or sufficiency of
this Seventh Supplemental Indenture.

SECTION
3.05          Governing
Law. This Seventh Supplemental Indenture and the Notes shall be construed in accordance with and governed by the laws of the
State of New York.

[Signature
Pages Follow]

    	6

    	 

    

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

 

	 	NORFOLK SOUTHERN CORPORATION
	 	 
	 	By: 	/s/ Christopher R. Neikirk
	 		Name: Christopher R. Neikirk
	 		Title:   Vice President & Treasurer

    	 

    	 

    

	 	U.S. BANK NATIONAL ASSOCIATION, as Trustee
	 	 
	 	By: 	/s/ Christopher J. Grell
	 		Name: Christopher J. Grell
	 		Title:   Vice President

    	 

    	 

    

EXHIBIT A

 

[FORM OF
FACE OF NOTE]

[For Global Notes, include
the following legend:

THIS NOTE
IS A GLOBAL SECURITY WITHIN THE MEANING 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.

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

    	 

    	 

    

[FORM OF
FACE OF NOTE]

	No. _______	[Include for Global Notes: Up to] $_________

2.900% Senior
Note due 2051

CUSIP No. 655844
CL0

NORFOLK
SOUTHERN CORPORATION, a Virginia corporation, promises to pay to [include “Cede & Co.” for a Global
Note], or registered assigns, the principal sum of $____________ [include for a Global Note: adjusted as set forth
on the Schedule of Increases or Decreases in Global Note annexed hereto] on August 25, 2051.

Interest
Payment Dates: February 25 and August 25, commencing on February 25, 2022.

Record Dates:
February 10 and August 10.

    	 

    	 

    

Additional
provisions of this Note are set forth on the other side of this Note.

IN WITNESS
WHEREOF, the parties have caused this instrument to be duly executed.

 

	 	NORFOLK SOUTHERN CORPORATION
	 	 
	 	By 	
	 		Name:

Title:

 

TRUSTEE’S CERTIFICATE OF

   AUTHENTICATION

 

Dated:

 

U.S. BANK NATIONAL ASSOCIATION,

    as Trustee, certifies that this
is one of

    the Notes referred to in the Indenture.

 

	By: 	 	 

Authorized Signatory

    	 

    	 

    

[FORM OF
REVERSE SIDE OF NOTE]

2.900% Senior Note due 2051

		1.	Interest
                                         

NORFOLK
SOUTHERN CORPORATION, a Virginia corporation (such corporation, and its successors and assigns under the Indenture hereinafter
referred to, being herein called the “Company”), promises to pay interest on the principal amount of this Note
at the rate per annum shown above. The Company will pay interest semiannually in arrears on February 25 and August 25 of
each year, commencing February 25, 2022. Interest on the Notes will accrue from the most recent date to which interest has been
paid or, if no interest has been paid, from August 25, 2021. Interest shall be computed on the basis of a 360-day year of
twelve 30-day months. The Company shall pay interest on overdue principal at the rate per annum borne by the Notes, and it shall
pay interest on overdue installments of interest at the rate per annum borne by the Notes to the extent lawful.

		2.	Method
                                         of Payment

The Company
will pay interest on the Notes (except defaulted interest) to the Persons who are Holders at the close of business on the February
10 or August 10, as the case may be, next preceding the Interest Payment Date even if Notes are canceled after the record date
and on or before the Interest Payment Date. Holders must surrender Notes to a Paying Agent to collect principal payments. The
Company will pay principal and interest in money of the United States of America that at the time of payment is legal tender for
payment of public and private debts. Payments in respect of the Notes represented by a Global Note (including principal, premium,
if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depository.
The Company will make all payments in respect of a definitive Note (including principal, premium, if any, and interest) by mailing
a check to the registered address of each Holder thereof; provided, however, that payments on the Notes may also
be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of Notes, by wire transfer to a U.S. dollar
account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written
notice to the Trustee or the Paying Agent to such effect designating such account no later than 30 days immediately preceding
the relevant due date for payment (or such other date as the Trustee may accept in its discretion).

		3.	Paying
                                         Agent and Registrar

Initially,
U.S. Bank National Association, a national banking association (the “Trustee”), will act as Paying Agent and
Registrar. The Company may appoint and change any Paying Agent or Registrar without notice. The Company or any of its domestically
incorporated Wholly Owned Subsidiaries may act as Paying Agent or Registrar.

    	 

    	 

    

		4.	Indenture

The Company
issued the Notes under an Indenture, dated as of February 28, 2018, as supplemented by the Seventh Supplemental Indenture, dated
as of August 25, 2021 (together, the “Indenture”), between the Company and the Trustee. The terms of the Notes
include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15
U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). The Notes
are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of those terms. Terms defined
in the Indenture and not defined in this Note have the meanings ascribed thereto in the Indenture.

The Notes
are unsubordinated, unsecured obligations of the Company. This Note is one of the series of Securities referred to in the Indenture,
designated as the Company’s “2.900% Senior Notes due 2051” (the “Notes”) and initially issued
in an aggregate principal amount of $600,000,000. The Notes include such $600,000,000 aggregate principal amount of Notes and
an unlimited aggregate principal amount of additional Notes that may be issued under the Indenture. Such Notes and such additional
Notes will be treated as a single series and class of Securities under the Indenture. The Indenture imposes certain limitations
on the ability of the Company and its Restricted Subsidiaries to create or incur Liens, the Restricted Subsidiaries to create
or incur Funded Debt and the Company to consolidate or merge with or into any other Person or sell, transfer, assign, lease, convey
or otherwise dispose of all or substantially all of its assets to any Person.

		5.	Optional
                                         Redemption

The Notes
will be redeemable as a whole at any time or in part from time to time, at the option of the Company as set forth in this paragraph
5. If the Notes are redeemed prior to the date that is six months prior to the Stated Maturity of the Notes, the Redemption Price
of the Notes to be redeemed will be equal to the greater of (i) 100% of the principal amount of such Notes or (ii) the sum of
the present values of the remaining scheduled payments of principal and interest thereon to and including the date that is six
months prior to the Stated Maturity of the Notes (exclusive of interest accrued to, but not including, the Redemption Date) discounted
to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield
plus 20 basis points, plus in each case accrued and unpaid interest on the principal amount being redeemed to, but not including,
the Redemption Date.

If the Notes
are redeemed on or after the date that is six months prior to the Stated Maturity, the Redemption Price for the Notes to be redeemed
will equal 100% of the principal amount of such Notes, plus accrued and unpaid interest to, but not including, the Redemption
Date.

“Treasury
Yield” means, with respect to any Redemption Date, (1) the yield, under the heading which represents the average for
the immediately preceding week, appearing in the most recently published statistical release designated “H.15” or
any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes
yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant
Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before
or after the date that is six months prior to the Stated Maturity of the Notes, yields for the two published maturities most closely
corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated
from such yields on a straight line basis, rounding to the nearest month), or (2) if such release (or any successor release) is
not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the
semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price of such Redemption Date. The
Treasury Yield will be calculated on the third Business Day preceding the Redemption Date.

    	 

    	 

    

“Comparable
Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having a
maturity most comparable to the date that is six months prior to the Stated Maturity of the Notes, that would be utilized, at
the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities
of a maturity comparable to the remaining term of the Notes.

“Independent
Investment Banker” means one of the Reference Treasury Dealers appointed by the Company.

“Comparable
Treasury Price” means (A) the average of five Reference Treasury Dealer Quotations for such Redemption Date, after excluding
the highest and lowest Reference Treasury Dealer Quotations, or (B) if the Independent Investment Banker obtains fewer than five
such Reference Treasury Dealer Quotations, the average of all such quotations.

“Reference
Treasury Dealer” means each of (i) Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and a Primary Treasury
Dealer (as defined herein) appointed by U.S. Bancorp Investments, Inc.; and (ii) two other primary U.S. Government securities
dealers in New York, New York (“Primary Treasury Dealers”) appointed by the Company and their respective successors;
provided, however, that if any of the foregoing ceases to be a Primary Treasury Dealer or otherwise fails to provide a Reference
Treasury Dealer Quotation, the Company will substitute therefor another Primary Treasury Dealer.

“Reference
Treasury Dealer Quotation” means a quotation for a Comparable Treasury Issue provided by a Reference Treasury Dealer.

		6.	Sinking
                                         Fund

The Notes
are not subject to any sinking fund.

		7.	Notice
                                         of Redemption 

Notice of
redemption will be mailed by first-class mail at least 30 days but not more than 60 days before the Redemption Date to each Holder
of Notes to be redeemed at his or her registered address. Notes in denominations larger than $2,000 may be redeemed in part but
only in whole multiples of $1,000. If the Company deposits with the Paying Agent money sufficient to pay the Redemption Price
of and accrued interest on all Notes (or portions thereof) to be redeemed on the Redemption Date by 10:00 a.m. New York City time
on the Redemption Date and certain other conditions are satisfied, on and after such Redemption Date interest ceases to accrue
on such Notes (or such portions thereof) called for redemption.

    	 

    	 

    

		8.	Denominations;
                                         Transfer; Exchange

The Notes
are in registered form without coupons in minimum denominations of $2,000 and whole multiples of $1,000 in excess thereof. A Holder
may transfer or exchange Notes in accordance with the Indenture. Upon any transfer or exchange, the Company may require a Holder
to cover any transfer tax or similar governmental charge payable in connection therewith. The Registrar need not register the
transfer of or exchange any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the portion of
the Note not to be redeemed) or to issue, register the transfer of or exchange any Notes for a period of 15 Business Days prior
to the mailing of a notice of redemption of Notes to be redeemed.

		9.	Persons
                                         Deemed Owners

The Holder
of this Note may be treated as the owner of it for all purposes.

		10.	Unclaimed
                                         Money

If money
for the payment of principal, premium, if any, or interest remains unclaimed for two years after such amount has become due and
payable, the Trustee or Paying Agent shall pay the money back to the Company at its written request unless an applicable abandoned
property law designates another Person to receive such money. After any such payment, Holders entitled to the money must look
only to the Company, and not to the Trustee or Paying Agent, for payment.

		11.	Discharge;
                                         Defeasance

Subject
to certain conditions, the Company at any time may terminate certain or all of its Obligations under the Notes and the Indenture
if the Company deposits with the Trustee money, U.S. Government Obligations or a combination thereof sufficient to pay and discharge
each installment of principal of, premium, if any, and interest on the Notes on the dates such installments of interest or principal
and premium are due. The Company may also satisfy and discharge the Indenture by delivering to the Trustee for cancellation all
Notes that have theretofore been authenticated and delivered, subject to certain conditions.

		12.	Amendment,
                                         Waiver

The Indenture
contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in principal
amount of the Outstanding Notes affected, to amend or supplement the Indenture; provided, however, that no such amendment or supplement
shall without the consent of each Holder of Notes (i) reduce the amount of Notes whose Holders must consent to an amendment, supplement
or waiver; (ii) reduce the rate of interest on any Notes; (iii) reduce the principal amount of or the premium, if any, on any
Notes or change the Stated Maturity of any Notes; (iv) change the place, manner, timing or Currency of payment of principal of,
premium, if any, or interest on any Notes; or (v) make any change in the amendment and waiver provisions. The Indenture also contains
provisions permitting the Holders of not less than a majority in principal amount of the Outstanding Notes affected thereby, on
behalf of all of the Holders of Notes, to waive compliance by the Company with any provision of the Indenture or the Notes, provided
that such waiver shall not affect the above provisions (i) – (v).

    	 

    	 

    

		13.	Defaults
                                         and Remedies

If an Event
of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then
Outstanding, by a notice in writing to the Company (and to the Trustee if given by Holders), may declare the unpaid principal
of (premium, if any) and accrued interest on, if any, Notes to be immediately due and payable. Certain events of bankruptcy or
insolvency are Events of Default.

Holders
of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the
Indenture or the Notes unless it receives indemnity or security satisfactory to it. Subject to certain limitations, Holders of
a majority in aggregate principal amount of the Notes may direct the Trustee in its exercise of any trust or power under the Indenture.
The Holders of a majority in aggregate principal amount of the Notes then Outstanding, by written notice to the Company and the
Trustee, may rescind and annul any declaration of acceleration and its consequences if the Company has paid or deposited with
the Trustee a sufficient sum under the Indenture and all existing Events of Default, except nonpayment of principal, premium,
if any, or interest on the Notes that has become due solely by such declaration of acceleration, have been cured or waived.

		14.	Trustee
                                         Dealings with the Company

Subject
to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates
and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee.

		15.	No
                                         Recourse Against Others

A director,
officer, employee or stockholder of the Company or the Trustee, as such, shall not have any liability for any Obligations of the
Company under the Notes or for any Obligations of the Company or the Trustee under the Indenture or for any claim based on, in
respect of or by reason of such Obligations or their creation. By accepting a Note, each Holder waives and releases all such liability.
The waiver and release are part of the consideration for the issue of the Notes.

		16.	Successors

Subject
to certain exceptions set forth in the Indenture, when a successor assumes all the Obligations of its predecessor under the Notes
and the Indenture in accordance with the terms of the Indenture, the predecessor will be released from those Obligations.

    	 

    	 

    

		17.	Authentication
                                         

This Note
shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Note.

		18.	Abbreviations
                                         

Customary
abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A
(=Uniform Gift to Minors Act).

		19.	Governing
                                         Law

THIS NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE
HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED THEREBY AND HEREBY.

		20.	CUSIP
                                         Numbers

Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers
to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders.
No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption
and reliance may be placed only on the other identification numbers placed thereon.

The Company
will furnish to any Holder upon written request and without charge to the Holder a copy of the Indenture which has in it the text
of this Note.

    	 

    	 

    

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.

    	 

    	 

    

[TO BE ATTACHED
TO GLOBAL NOTES]

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

The initial
principal amount of this Global Note is $____________. The following increases or decreases in this Global Note have been made:

	Date
                                         of Exchange
	Amount
                                         of decrease

                                         in Principal Amount

                                         of this Global Note
	Amount
                                         of increase

                                         in Principal Amount

                                         of this Global Note
	Principal
                                         amount of

                                         this Global Note

                                         following such

                                         decrease or increase
	Signature
                                         of

                                         authorized signatory

                                         of Trustee or Notes

                                         CustodianExhibit 4.1

 

	NUMBER _____ 	 ______________ SHARES
	 	 
	SEE REVERSE FOR  CERTAIN DEFINITIONS	 
	CUSIP ______________
	 	 	 	 

SPARTACUS ACQUISITION SHELF CORP.

A DELAWARE CORPORATION

COMMON STOCK

 

	This Certifies that	 	 
	 	 	 
	is the owner of	 	 

 

FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON
STOCK, $0.0001 PAR VALUE PER SHARE EACH, OF

 

SPARTACUS ACQUISITION SHELF CORP.

(THE “CORPORATION”)

 

transferable on the books of the Corporation in
person or by duly authorized attorney upon surrender of this certificate properly endorsed.

 

This certificate is not valid unless countersigned
by the Transfer Agent and registered by the Registrar of the Corporation.

 

Witness the seal of the Corporation and the facsimile
signatures of its duly authorized officers.

 

	 	 	
    [Corporate Seal]

     
	 	 
	President	 	Delaware	 	Secretary

 

Transfer Agent:

	 	 	 
	 	 	 
	Name:

Title:	 	 

 

     

     

    

 

SPARTACUS ACQUISITION SHELF CORP.

 

The Corporation will furnish without charge to
each stockholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of
each class of shares or series thereof of the Corporation and the qualifications, limitations, or restrictions of such preferences and/or
rights. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Certificate
of Incorporation and all amendments thereto and resolutions of the Board of Directors providing for the issue of securities (copies of
which may be obtained from the secretary of the Corporation), to all of which the holder(s) of this certificate by acceptance hereof assent(s).

 

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

 

	TEN COM	 	—	 	as tenants in common	 	UNIF GIFT MIN ACT —	 	 	 	Custodian	 	 

 

	TEN ENT	 	—	 	as tenants by the entireties	 	 	 	(Cust)	 	 	 	(Minor)
	 	 	 	 	 	 	 	 	 	 	 	 	 
	JT TEN	 	—	 	as joint tenants with right of survivorship and not as tenants in common	 	 	
    Under Uniform

    Gifts to Minors

 

	 	Act 	 
	 	 	(State)

 

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

 

For value received, ________________________ hereby sell(s),
assign(s) and transfer(s) unto

 

	 
	(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))
	 
	 
	(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S))
	 
	 
	 
	 ______________________ Shares of the capital stock represented by the within Certificate, and do(es) hereby irrevocably constitute(s) and appoint(s) __________________________ attorney to transfer the said shares on the books of the within named Corporation with full power of substitution in the premises
	 
	Dated:
	 
	NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME(S) AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.
	 
	Signature(s) Guaranteed By:

 

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE
MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE)).

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00332-of-00352.parquet"}]]