Document:

Officers' Certificate

 Exhibit 4.3 
 EBAY INC. 
 OFFICERS’ CERTIFICATE PURSUANT TO 

SECTIONS 2.2, 2.3 AND 10.5 OF THE BASE INDENTURE 
 July 24, 2012 
 The undersigned, being duly authorized officers of eBay Inc.,
a Delaware corporation (the “Company”), do hereby determine and certify solely in such capacity on behalf of the Company as follows: 
 The undersigned, having read the appropriate provisions of the Indenture dated as of October 28, 2010 (the “Base Indenture”), as amended and supplemented by the Supplemental Indenture dated
as of October 28, 2010 (the “Supplemental Indenture;” the Base Indenture, as amended and supplemented by the Supplemental Indenture, is hereinafter sometimes called the “Indenture”), each between the Company and Wells Fargo
Bank, National Association, as trustee (the “Trustee”), including Sections 2.2, 2.3, 10.4 and 10.5 thereof and the definitions in such Indenture relating thereto, and certain other corporate documents and records, and having made such
examination and investigation as, in the opinion of the undersigned, each considers necessary to enable the undersigned to express an informed opinion as to whether or not conditions set forth in the Indenture relating to the establishment of the
title and terms of the Company’s 0.70% Notes due 2015, 1.35% Notes due 2017, 2.60% Notes due 2022 and 4.00% Notes due 2042 (collectively, the “Notes”) and the form of certificate evidencing the Notes of each series have been complied
with, and whether the conditions in the Indenture relating to the execution, authentication and delivery by the Trustee of the Notes of each series have been complied with, certify that 

1. the title and terms of the Notes of each series were established by the undersigned pursuant to authority delegated to them by
resolutions duly adopted by the Board of Directors of the Company on June 22, 2011 and July 27, 2011, by the duly authorized Audit Committee on July 16, 2012 and by a duly authorized Pricing Committee on July 17, 2012
(collectively, the “Resolutions”) and such terms are set forth in Exhibit A hereto; 
 2. the respective forms of
certificates evidencing the Notes of each series were established by the undersigned pursuant to authority delegated to them by the Resolutions and are in substantially the respective forms attached as Exhibits B, C, D and E hereto (it being
understood that the Notes of each series may have such notations, legends or endorsements required by law, stock exchange rule or usage and, in the case of Global Securities of any series, as permitted pursuant to Section 2.15.3 of the Base
Indenture and as specified in paragraph (9) of Exhibit A hereto and that, in the event that Notes of any series are ever issued in definitive certificated form, the legend appearing as the first paragraph on the first page of such form of Note
of such series may be removed); 
 3. a true, complete and correct copy of the Resolutions, which were duly adopted by the Board
of Directors of the Company, the Audit Committee or the Pricing Committee, as the case may be, and are in full force and effect on the date hereof in the form adopted, are attached as Exhibits B-1, B-2, B-3 and B-4 to the Certificate of the
Secretary of the Company of even date herewith, a copy of which has been delivered to the Trustee; and 

 4. in the opinion of the undersigned, the form, title and terms of the Notes of each series
have been established pursuant to and in accordance with Section 2.2 of the Indenture and comply with the Indenture and, in the opinion of the undersigned, all conditions provided for in the Indenture (including, without limitation, those set
forth in Sections 2.2 and 2.3 of the Indenture) relating to the establishment of the title and terms of the Notes of each series, the form of certificate evidencing the Notes of each series and the execution, authentication and delivery of the Notes
of each series have been complied with. 
 This certificate may be signed in one or more counterparts, each of which shall
constitute an original and all of which together shall constitute one and the same document. 
 Capitalized terms used herein
without definition have the meanings assigned to them in the Indenture. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, we have executed this Certificate of the Company on the date first
written above. 
  

			
	EBAY INC.
		
	By:	 	     /s/ Robert H. Swan

	Name:	 	Robert H. Swan
	Title:	 	 Senior Vice President, Finance and
 Chief Financial Officer

		
	By:	 	     /s/ Anthony Glasby

	Name:	 	Anthony Glasby
	Title:	 	Vice President and Treasurer

 Signature Page to Officers’ Certificate Pursuant to Base Indenture 

 Exhibit A
 Terms of Notes 
 Terms (whether or not capitalized) used in this Exhibit A
and not otherwise defined herein but that are defined in the Indenture referred to in the Officers’ Certificate of which this Exhibit A constitutes a part shall have the respective meanings ascribed thereto in such Indenture. 

Pursuant to Section 2.2 of the Base Indenture, there are hereby created four new Series of Securities with the titles of “0.70%
Notes due 2015” (the “2015 Notes”), “1.35% Notes due 2017” (the “2017 Notes”), “2.60% Notes due 2022” (the “2022 Notes”) and “4.00% Notes due 2042” (the “2042 Notes;” and,
together with the 2015 Notes, the 2017 Notes and the 2022 Notes, the “Notes”) and the terms of each such Series are as follows: 
 (1) The 2015 Notes shall be a separate Series of Securities under the Indenture initially limited to $250,000,000 aggregate principal amount, the 2017 Notes shall be a separate Series of Securities under
the Indenture initially limited to $1,000,000,000 aggregate principal amount, the 2022 Notes shall be a separate Series of Securities under the Indenture initially limited to $1,000,000,000 aggregate principal amount and the 2042 Notes shall be a
separate Series of Securities under the Indenture initially limited to $750,000,000 aggregate principal amount (in each case except for Notes of any Series authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu
of, other Notes of such Series pursuant to Section 2.7, 2.8, 2.11, 3.7 or 9.6 of the Base Indenture), but subject to the Company’s right to re-open any Series of Notes from time to time and issue additional Notes of such Series as provided
in paragraph (11) of this Exhibit A. 
 (2) The Stated Maturity on which the principal of the 2015 Notes shall become due
and payable shall be July 15, 2015, the Stated Maturity on which the principal of the 2017 Notes shall become due and payable shall be July 15, 2017, the Stated Maturity on which the principal of the 2022 Notes shall become due and payable
shall be July 15, 2022 and the Stated Maturity on which the principal of the 2042 Notes shall become due and payable shall be July 15, 2042. 
 (3) The interest rate on the 2015 Notes shall be 0.70% per year, the interest rate on the 2017 Notes shall be 1.35% per year, the interest rate on the 2022 Notes shall be 2.60% per year and
the interest rate on the 2042 Notes shall be 4.00% per year. The interest payment dates for each Series of Notes shall be January 15 and July 15 of each year, commencing January 15, 2013, and the regular record dates shall be the
January 1 and July 1, respectively, immediately preceding those interest payment dates. Interest on each Series of Notes shall accrue from July 24, 2012. Interest on each Series of Notes will be computed on the basis of a 360-day year
comprised of twelve 30-day months. 
 (4) The Notes of each Series shall be redeemable at the option of the Company as provided
in the form of Note of such Series attached as Exhibit B, C, D or E, as the case may be, to the Officers’ Certificate of which this Exhibit A constitutes a part. 
 (5) Each Series of Notes will be issuable in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

  
 A-1

 (6) The Notes will not be entitled to the benefit of any sinking fund and will not be
subject to purchase or redemption at the option of the Holders. 
 (7) The provisions of Article 8 of the Base Indenture shall
be applicable to the Notes of each Series and, without limiting the foregoing, the covenants set forth in Article 4 of the Supplemental Indenture dated as of October 28, 2010 between the Company and the Trustee shall be subject to covenant
defeasance pursuant to Section 8.4 of the Base Indenture. 
 (8) The Notes will be senior Securities. 

(9) The Notes of each Series shall initially be issued in the form of one or more Global Securities of such Series and the Global
Securities of such Series shall bear the respective legends set forth in Exhibits B, C, D or E, as the case may be, to the Officers’ Certificate of which this Exhibit A is a part, unless otherwise required by the Depositary. The Depository
Trust Company (“DTC”) shall act as initial Depositary with respect to the Global Securities of each Series. 
 (10) A
Global Security of any Series may not be transferred except by the Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a
successor Depositary or a nominee of such successor Depositary. 
 (11) As provided in the last paragraph of Section 2.2 of
the Base Indenture, the Company will be entitled to issue additional Notes of any Series having the same ranking and terms (except for the issue date, offering and sale prices and, if applicable, the first interest payment date and the date from
which interest shall begin to accrue) as the Notes of the same Series issued on the date of the Officers’ Certificate of which this Exhibit A constitutes a part. The Notes of any Series issued on the date of the Officers’ Certificate of
which this Exhibit A constitutes a part and any additional Notes of such Series which may from time to time be issued thereafter shall constitute a single Series of Securities under the Indenture. 

(12) The Corporate Trust Office shall be the initial office or agency where the Notes of each Series may be presented or surrendered for
payment and surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes of each Series and the Indenture may be served. The Company hereby appoints the Trustee as initial
Registrar and initial Paying Agent with respect to the Notes of each Series, subject to the right of the Company to replace any Paying Agent or Registrar and appoint and terminate the appointment of co-registrars and co-paying agents. 

(13) The Notes of each Series shall have such additional terms and provisions as are contained in the respective form of Notes of such
Series attached as Exhibit B, C, D or E, as the case may be, to the Officers’ Certificate of which this Exhibit A is a part, which terms and provisions are incorporated by reference in and shall form a part of this Exhibit A. 

  
 A-2

 Exhibit B 
 Form of 0.70% Note due 2015 

 THIS IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN
THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR NOTES (AS DEFINED ON THE REVERSE HEREOF) REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”) TO THE COMPANY (AS DEFINED ON THE REVERSE HEREOF) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 CUSIP:
278642AD5 
 eBay Inc. 
 0.70% Notes due 2015 
  

			
	No.            	  	$            

 eBay Inc., a Delaware corporation, for value received promises to pay to
                     or registered assigns, the principal sum of
                     Dollars on July 15, 2015. 
 Interest Payment Dates: January 15 and July 15. 
 Record Dates: January 1 and
July 1. 
 Reference is hereby made to the further provisions of this Note contained on the reverse hereof, which will for
all purposes have the same effect as if set forth at this place. 
  

					
	eBay Inc.
		
	By:	 	  

		 	Name:	 	Robert H. Swan
		 	Title:	 	Senior Vice President, Finance and Chief Financial Officer

  
 B-1

 This is one of the 0.70% 
 Notes due 2015 referred to in 
 the within-mentioned Indenture: 

Dated: 
 Wells Fargo Bank, National
Association, 
 as Trustee 
  

			
	By:	 	  

		 	Authorized Signatory

  
 B-2

 (Reverse of Note) 
 0.70% Notes due 2015 
 Terms, whether or not capitalized, which are defined in the
Indenture referred to below and used in this Note (as defined below) have the respective meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. eBay Inc., a Delaware corporation (the “Company,” which term includes its successors under
the Indenture), promises to pay interest on the principal amount of this Note at the rate of 0.70% per annum from the date set forth in the second succeeding sentence until maturity. The Company will pay interest semi-annually in arrears on
January 15 and July 15 of each year (each an “Interest Payment Date”), commencing January 15, 2013. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid or duly provided for, from July 24, 2012; provided that if there is no existing default in the payment of interest, and if this Note is authenticated between a Record Date (as defined below) and the
next succeeding Interest Payment Date, interest will accrue from such next succeeding Interest Payment Date. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the per
annum rate equal to the interest rate on this Note to the extent lawful; and it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest at the same per annum rate to the
extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 2. METHOD OF PAYMENT.
The Company will pay interest on the Notes due on any Interest Payment Date to the persons who are registered Holders of Notes at the close of business on the January 1 or July 1 (each a “Record Date”), as the case
may be, next preceding such Interest Payment Date, except as provided in Section 2.14 of the Base Indenture (as defined below) with respect to defaulted interest. Principal of and interest on the Notes will be payable at the office or agency of
any Paying Agent or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the register of Holders of Notes; provided that payments of principal of
and interest on Notes that are Global Securities registered in the name of a Depositary or its nominee will be made by wire transfer of immediately available funds. Such payments will be in Dollars. 

3. PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as
Paying Agent and Registrar for the Notes. The Company may change any Paying Agent or Registrar, and may appoint additional Paying Agents, Service Agents and co-Registrars, without notice to any Holder. In addition, the Company or any of its
Subsidiaries may act in any such capacity. 
 4. INDENTURE. This Note is one of a duly authorized Series of Securities
(herein called the “Notes”) of the Company issued under an indenture (the “Base Indenture”) dated as of October 28, 2010 between the Company and the Trustee, as amended and supplemented by the
Supplemental Indenture dated as of October 28, 2010 between the Company and the Trustee (the “Supplemental Indenture;” the Base Indenture, as amended and supplemented by the Supplemental Indenture and any other
supplemental indentures thereto, is hereinafter called the “Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as
amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note or the Supplemental Indenture conflicts with any provision of the Base
Indenture, the provisions of this Note or the Supplemental Indenture, as the case may be, will govern and be controlling. As provided in the Indenture, the Company may, at its option and without the consent of or notice to Holders of the Notes,
reopen this Series of Securities and issue additional Notes of this Series as provided in the Indenture. 
 5. OPTIONAL
REDEMPTION. The Notes are redeemable at the option of the Company, at any time or from time to time, either in whole or in part, at a redemption price equal to the greater of: 

(a) 100% of the principal amount of the Notes to be redeemed, and 

(b) the sum of the present values of the remaining scheduled payments of principal of and interest on the Notes to be
redeemed (exclusive of interest accrued to the applicable redemption date) discounted to such redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 7 basis points, 

  
 B-3

 plus, in the case of both clauses (a) and (b) above, accrued and unpaid interest on the principal
amount of the Notes being redeemed to such redemption date. 
 Notwithstanding the foregoing, payments of interest on the Notes
that are due and payable on any Interest Payment Dates falling on or prior to a date fixed for redemption of the Notes will be payable to the Holders of such Notes registered as such at the close of business on the relevant Record Dates according to
their terms and the terms and provisions of the Indenture. 
 As used in this Section 5, the following terms have the
meanings specified below: 
 “Comparable Treasury Issue” means, with respect to any redemption date for the Notes, the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term 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 comparable maturity to the remaining term of the Notes. 

“Comparable Treasury Price” means, with respect to any redemption date for the Notes, (1) if the Quotation Agent obtains
four or more Reference Treasury Dealer Quotations, the arithmetic average of the Reference Treasury Dealer Quotations for such redemption date after excluding the highest and lowest such Reference Treasury Dealer Quotations; (2) if the
Quotation Agent obtains fewer than four but more than one such Reference Treasury Dealer Quotations, the arithmetic average of all such Reference Treasury Dealer Quotations for such redemption date; or (3) if the Quotation Agent obtains only
one such Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation for such redemption date. 

“Quotation Agent” means, for purposes of determining the redemption price of the Notes to be redeemed on any redemption date,
any primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by the Company. 
 “Reference Treasury Dealers” means, with respect to any redemption date for the Notes, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche
Bank Securities Inc. or their respective successors, as the case may be (provided, however, that if any such firm or any such successor, as the case may be, shall cease to be a Primary Treasury Dealer, another Primary Treasury Dealer shall be
substituted therefor by the Company) and any other Primary Treasury Dealer or Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any redemption date for the
Notes, the arithmetic average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. As used in the preceding sentence, the term “Business Day” means any day except a Saturday, Sunday or other day on which
banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to close. 

“Treasury Rate” means, with respect to any redemption date for the Notes, the rate per annum equal to the semi-annual
equivalent yield to maturity or interpolated 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
for such redemption date. 
 If less than all of the Notes are to be redeemed, the Trustee shall select the Notes (or portions
thereof) to be redeemed in any manner that the Trustee deems fair and appropriate, which may provide for the selection for redemption of a portion of the principal amount of any Note equal to an authorized denomination as provided in the next
sentence. The Notes or portions thereof shall be redeemable in a minimum of $2,000 in principal amount and integral multiples of $1,000 in principal amount in excess thereof, provided that the remaining principal amount of any Note redeemed in part
shall be $2,000 or an integral multiple of $1,000 in excess thereof. 

  
 B-4

 Notice of any redemption shall be mailed at least 30 days but not more than 60 days before
the redemption date to each Holder of the Notes to be redeemed at its registered address and as otherwise provided in the Indenture. 
 Unless the Company defaults in payment of the redemption price, on and after the redemption date interest shall cease to accrue on the Notes or portions thereof called for redemption. 

Any redemption of the Notes shall be made in accordance with the other provisions of the Indenture. 

Calculation of the redemption price shall not be a duty or obligation of the Trustee. 

6. NO MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption or sinking fund payments with respect
to the Notes and the Notes shall not be subject to repurchase by the Company at the option of Holders. 
 7. DENOMINATIONS,
TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Notes may be transferred or exchanged only by surrender thereof to the Registrar or a
co-Registrar in compliance with the Indenture and either the reissuance by the Company of the surrendered Note to the new Holder or the issuance by the Company of a new Note to the new Holder or the exchanging Holder, as the case may be. The
Registrar, any co-Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and governmental charges permitted by the
Indenture. Neither the Company, the Registrar nor any co-Registrar shall be required to (a) issue, register the transfer of, or exchange Notes during the period beginning at the opening of business fifteen days immediately preceding the mailing
of a notice of redemption of the Notes and ending at the close of business on the day of such mailing, or (b) to register the transfer of or exchange Notes selected, called or being called for redemption, except any portion thereof not so
selected, called or being called. 
 8. PERSONS DEEMED OWNERS. The Company, the Trustee and each Agent may treat the
Holder in whose name a Note is registered as the owner thereof for the purpose of receiving payment and for all other purposes, and neither the Company, the Trustee nor any Agent shall be affected by any notice to the contrary. 

9. AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture and the Notes may be amended and supplemented
with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for the Notes), and compliance with any
provision of the Indenture or the Notes may be waived with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes (including, without limitation, waivers obtained in connection with a tender offer or
exchange offer for the Notes). Without notice to or the consent of any Holder of a Note, the Indenture and the Notes may be amended and supplemented as provided in the Indenture, including, without limitation, to cure any ambiguity, defect or
inconsistency or make any change that does not adversely affect the rights of any Holder of Notes in any material respect. 

10. DEFAULTS AND REMEDIES. If an Event of Default with respect to the Notes occurs and is continuing, the Trustee or the Holders
of not less than 25% in principal amount of the outstanding Notes may declare the principal of and accrued and unpaid interest on the outstanding Notes to be due and payable immediately or, solely in the case of an Event of Default relating to
specified events of bankruptcy or insolvency with respect to the Company, such principal and accrued and unpaid interest shall ipso facto become due and payable. As provided in the Indenture, the Holders of not less than a majority in principal
amount of the outstanding Notes may waive (including waivers obtained in connection with a tender offer or exchange offer for the Notes) any past Default with respect to the Notes and its consequences, subject to exceptions specified in the
Indenture, and may rescind and annul any acceleration of the Notes and its consequences. Holders of the Notes may not enforce the Indenture or the Notes except as provided in the Indenture. 

  
 B-5

 11. TRUSTEE DEALINGS WITH COMPANY. The Trustee in its individual or any other
capacity may become the owner or pledgee of the Notes and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. 

12. NO RECOURSE AGAINST OTHERS. A director, officer, employee or stockholder, as such, of the Company will not have any liability
for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for the issuance of the Notes. 
 13. AUTHENTICATION. This Note will not
be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 
 14. GOVERNING LAW.
This Note shall be governed by, and construed in accordance with, the internal laws of the State of New York applicable to agreements made and to be performed in such State, without regard to the conflict of laws provisions thereof. 

15. LEGAL DEFEASANCE, COVENANT DEFEASANCE AND DISCHARGE. As provided in the Indenture, the Company may, at its option, effect
legal defeasance and covenant defeasance with respect to the Notes and, insofar as concerns the Notes, satisfaction and discharge of the Indenture, all on the terms and subject to the conditions set forth in the Indenture. 

16. 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 right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. 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 the Trustee may 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. 

  
 B-6

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)
	
	  

	(Insert assignee’s soc. sec. tax I.D. no.)
	
	      

	      

	      

	      

	(Print or type assignee’s name, address and zip code)

			
		
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

 Date:
                                        

  

			
	Your Signature:	 	  

		 	(sign exactly as your name(s) appear(s) on the face of this Note)

 
			
		
	Tax Identification No:	 	  

			
		
	Signature Guarantee:	 	  

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 B-7

 Exhibit C 
 Form of 1.35% Note due 2017 

 THIS IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN
THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR NOTES (AS DEFINED ON THE REVERSE HEREOF) REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”) TO THE COMPANY (AS DEFINED ON THE REVERSE HEREOF) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 CUSIP:
278642AG8 
 eBay Inc. 
 1.35% Notes due 2017 
  

					
	No.	  	$	                           
 	  

 eBay Inc., a Delaware corporation, for value received promises to pay to
                    or registered assigns, the principal sum of
                    Dollars on July 15, 2017. 
 Interest Payment Dates: January 15 and July 15. 
 Record Dates: January 1 and
July 1. 
 Reference is hereby made to the further provisions of this Note contained on the reverse hereof, which will for
all purposes have the same effect as if set forth at this place. 
  

					
	eBay Inc.
		
	By:	 	  

		 	Name:	 	Robert H. Swan
		 	 Title:
	 	 Senior Vice President, Finance and
 Chief Financial Officer

  
 C-1

 This is one of the 1.35% 
 Notes due 2017 referred to in 
 the within-mentioned Indenture: 

Dated: 
 Wells Fargo Bank, National
Association, 
 as Trustee 
  

			
	By:	 	  

		 	Authorized Signatory

  
 C-2

 (Reverse of Note) 
 1.35% Notes due 2017 
 Terms, whether or not capitalized, which are defined in the
Indenture referred to below and used in this Note (as defined below) have the respective meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. eBay Inc., a Delaware corporation (the “Company,” which term includes its successors under
the Indenture), promises to pay interest on the principal amount of this Note at the rate of 1.35% per annum from the date set forth in the second succeeding sentence until maturity. The Company will pay interest semi-annually in arrears on
January 15 and July 15 of each year (each an “Interest Payment Date”), commencing January 15, 2013. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid or duly provided for, from July 24, 2012; provided that if there is no existing default in the payment of interest, and if this Note is authenticated between a Record Date (as defined below) and the
next succeeding Interest Payment Date, interest will accrue from such next succeeding Interest Payment Date. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the per
annum rate equal to the interest rate on this Note to the extent lawful; and it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest at the same per annum rate to the
extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 2. METHOD OF PAYMENT.
The Company will pay interest on the Notes due on any Interest Payment Date to the persons who are registered Holders of Notes at the close of business on the January 1 or July 1 (each a “Record Date”), as the case
may be, next preceding such Interest Payment Date, except as provided in Section 2.14 of the Base Indenture (as defined below) with respect to defaulted interest. Principal of and interest on the Notes will be payable at the office or agency of
any Paying Agent or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the register of Holders of Notes; provided that payments of principal of
and interest on Notes that are Global Securities registered in the name of a Depositary or its nominee will be made by wire transfer of immediately available funds. Such payments will be in Dollars. 

3. PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as
Paying Agent and Registrar for the Notes. The Company may change any Paying Agent or Registrar, and may appoint additional Paying Agents, Service Agents and co-Registrars, without notice to any Holder. In addition, the Company or any of its
Subsidiaries may act in any such capacity. 
 4. INDENTURE. This Note is one of a duly authorized Series of Securities
(herein called the “Notes”) of the Company issued under an indenture (the “Base Indenture”) dated as of October 28, 2010 between the Company and the Trustee, as amended and supplemented by the
Supplemental Indenture dated as of October 28, 2010 between the Company and the Trustee (the “Supplemental Indenture;” the Base Indenture, as amended and supplemented by the Supplemental Indenture and any other
supplemental indentures thereto, is hereinafter called the “Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as
amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note or the Supplemental Indenture conflicts with any provision of the Base
Indenture, the provisions of this Note or the Supplemental Indenture, as the case may be, will govern and be controlling. As provided in the Indenture, the Company may, at its option and without the consent of or notice to Holders of the Notes,
reopen this Series of Securities and issue additional Notes of this Series as provided in the Indenture. 
 5. OPTIONAL
REDEMPTION. The Notes are redeemable at the option of the Company, at any time or from time to time, either in whole or in part, at a redemption price equal to the greater of: 

(a) 100% of the principal amount of the Notes to be redeemed, and 

  
 C-3

 (b) the sum of the present values of the remaining scheduled payments of
principal of and interest on the Notes to be redeemed (exclusive of interest accrued to the applicable redemption date) discounted to such redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate plus 12.5 basis points, 
 plus, in the case of both clauses (a) and (b) above, accrued and unpaid interest on the
principal amount of the Notes being redeemed to such redemption date. 
 Notwithstanding the foregoing, payments of interest on
the Notes that are due and payable on any Interest Payment Dates falling on or prior to a date fixed for redemption of the Notes will be payable to the Holders of such Notes registered as such at the close of business on the relevant Record Dates
according to their terms and the terms and provisions of the Indenture. 
 As used in this Section 5, the following terms
have the meanings specified below: 
 “Comparable Treasury Issue” means, with respect to any redemption date for the
Notes, the United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term 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 comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury Price” means, with respect to any redemption date for the Notes, (1) if the Quotation Agent obtains four or more Reference Treasury Dealer Quotations, the arithmetic
average of the Reference Treasury Dealer Quotations for such redemption date after excluding the highest and lowest such Reference Treasury Dealer Quotations; (2) if the Quotation Agent obtains fewer than four but more than one such Reference
Treasury Dealer Quotations, the arithmetic average of all such Reference Treasury Dealer Quotations for such redemption date; or (3) if the Quotation Agent obtains only one such Reference Treasury Dealer Quotation, such Reference Treasury
Dealer Quotation for such redemption date. 
 “Quotation Agent” means, for purposes of determining the redemption
price of the Notes to be redeemed on any redemption date, any primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by the Company. 

“Reference Treasury Dealers” means, with respect to any redemption date for the Notes, J.P. Morgan Securities LLC, Citigroup
Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. or their respective successors, as the case may be (provided, however, that if any such firm or any such successor, as the case may be, shall cease to be a
Primary Treasury Dealer, another Primary Treasury Dealer shall be substituted therefor by the Company) and any other Primary Treasury Dealer or Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any redemption date for the
Notes, the arithmetic average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. As used in the preceding sentence, the term “Business Day” means any day except a Saturday, Sunday or other day on which
banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to close. 

“Treasury Rate” means, with respect to any redemption date for the Notes, the rate per annum equal to the semi-annual
equivalent yield to maturity or interpolated 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
for such redemption date. 
 If less than all of the Notes are to be redeemed, the Trustee shall select the Notes (or portions
thereof) to be redeemed in any manner that the Trustee deems fair and appropriate, which may provide for the selection for 

  
 C-4

 
redemption of a portion of the principal amount of any Note equal to an authorized denomination as provided in the next sentence. The Notes or portions thereof shall be redeemable in a minimum of
$2,000 in principal amount and integral multiples of $1,000 in principal amount in excess thereof, provided that the remaining principal amount of any Note redeemed in part shall be $2,000 or an integral multiple of $1,000 in excess thereof.

 Notice of any redemption shall be mailed at least 30 days but not more than 60 days before the redemption date to each Holder
of the Notes to be redeemed at its registered address and as otherwise provided in the Indenture. 
 Unless the Company defaults
in payment of the redemption price, on and after the redemption date interest shall cease to accrue on the Notes or portions thereof called for redemption. 
 Any redemption of the Notes shall be made in accordance with the other provisions of the Indenture. 
 Calculation of the redemption price shall not be a duty or obligation of the Trustee. 
 6. NO MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption or sinking fund payments with respect to the Notes and the Notes shall not be subject to repurchase by the
Company at the option of Holders. 
 7. DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Notes may be transferred or exchanged only by surrender thereof to the Registrar or a co-Registrar in compliance with the Indenture and either the reissuance
by the Company of the surrendered Note to the new Holder or the issuance by the Company of a new Note to the new Holder or the exchanging Holder, as the case may be. The Registrar, any co-Registrar and the Trustee may require a Holder, among other
things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and governmental charges permitted by the Indenture. Neither the Company, the Registrar nor any co-Registrar shall be required
to (a) issue, register the transfer of, or exchange Notes during the period beginning at the opening of business fifteen days immediately preceding the mailing of a notice of redemption of the Notes and ending at the close of business on the
day of such mailing, or (b) to register the transfer of or exchange Notes selected, called or being called for redemption, except any portion thereof not so selected, called or being called. 

8. PERSONS DEEMED OWNERS. The Company, the Trustee and each Agent may treat the Holder in whose name a Note is registered as the
owner thereof for the purpose of receiving payment and for all other purposes, and neither the Company, the Trustee nor any Agent shall be affected by any notice to the contrary. 

9. AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture and the Notes may be amended and supplemented
with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for the Notes), and compliance with any
provision of the Indenture or the Notes may be waived with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes (including, without limitation, waivers obtained in connection with a tender offer or
exchange offer for the Notes). Without notice to or the consent of any Holder of a Note, the Indenture and the Notes may be amended and supplemented as provided in the Indenture, including, without limitation, to cure any ambiguity, defect or
inconsistency or make any change that does not adversely affect the rights of any Holder of Notes in any material respect. 

10. DEFAULTS AND REMEDIES. If an Event of Default with respect to the Notes occurs and is continuing, the Trustee or the Holders
of not less than 25% in principal amount of the outstanding Notes may declare the principal of and accrued and unpaid interest on the outstanding Notes to be due and payable immediately or, solely in the case of an Event of Default relating to
specified events of bankruptcy or insolvency with respect to the Company, such principal and accrued and unpaid interest shall ipso facto become due and payable. As provided in the Indenture, the Holders of not less than a majority in principal
amount of the outstanding Notes may waive (including waivers obtained in connection with a tender offer or exchange offer for the Notes) any past Default with respect to the Notes and its consequences, subject to exceptions specified in the
Indenture, and may rescind and annul any acceleration of the Notes and its consequences. Holders of the Notes may not enforce the Indenture or the Notes except as provided in the Indenture. 

  
 C-5

 11. TRUSTEE DEALINGS WITH COMPANY. The Trustee in its individual or any other
capacity may become the owner or pledgee of the Notes and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. 

12. NO RECOURSE AGAINST OTHERS. A director, officer, employee or stockholder, as such, of the Company will not have any liability
for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for the issuance of the Notes. 
 13. AUTHENTICATION. This Note will not
be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 
 14. GOVERNING LAW.
This Note shall be governed by, and construed in accordance with, the internal laws of the State of New York applicable to agreements made and to be performed in such State, without regard to the conflict of laws provisions thereof. 

15. LEGAL DEFEASANCE, COVENANT DEFEASANCE AND DISCHARGE. As provided in the Indenture, the Company may, at its option, effect
legal defeasance and covenant defeasance with respect to the Notes and, insofar as concerns the Notes, satisfaction and discharge of the Indenture, all on the terms and subject to the conditions set forth in the Indenture. 

16. 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 right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. 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 the Trustee may 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. 

  
 C-6

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)
	
	      

	(Insert assignee’s soc. sec. tax I.D. no.)
	
	      

	      

	      

	      

	(Print or type assignee’s name, address and zip code)

			
		
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

 Date:
                                        

  

			
	Your Signature:	 	  

		 	(sign exactly as your name(s) appear(s) on the face of this Note)

 
			
		
	Tax Identification No:	 	  

			
		
	Signature Guarantee:	 	  

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 C-7

 Exhibit D 
 Form of 2.60% Note due 2022 

 THIS IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN
THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR NOTES (AS DEFINED ON THE REVERSE HEREOF) REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”) TO THE COMPANY (AS DEFINED ON THE REVERSE HEREOF) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 CUSIP:
278642AE3 
 eBay Inc. 
 2.60% Notes due 2022 
  

			
	No.	  	$                            

 eBay Inc., a Delaware corporation, for value received promises to pay to
                    or registered assigns, the principal sum of
                    Dollars on July 15, 2022. 
 Interest Payment Dates: January 15 and July 15. 
 Record Dates: January 1 and
July 1. 
 Reference is hereby made to the further provisions of this Note contained on the reverse hereof, which will for
all purposes have the same effect as if set forth at this place. 
  

					
	eBay Inc.
		
	 By:
	 	  

		 	 Name:
	 	Robert H. Swan
		 	 Title:
	 	 Senior Vice President, Finance and
 Chief Financial Officer

  
 D-1

 This is one of the 2.60% 
 Notes due 2022 referred to in 
 the within-mentioned Indenture: 

Dated: 
 Wells Fargo Bank, National
Association, 
 as Trustee 
  

			
	By:	 	  

		 	Authorized Signatory

  
 D-2

 (Reverse of Note)
 2.60% Notes due 2022 
 Terms, whether or not capitalized, which are defined in the
Indenture referred to below and used in this Note (as defined below) have the respective meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. eBay Inc., a Delaware corporation (the “Company,” which term includes its successors under
the Indenture), promises to pay interest on the principal amount of this Note at the rate of 2.60% per annum from the date set forth in the second succeeding sentence until maturity. The Company will pay interest semi-annually in arrears on
January 15 and July 15 of each year (each an “Interest Payment Date”), commencing January 15, 2013. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid or duly provided for, from July 24, 2012; provided that if there is no existing default in the payment of interest, and if this Note is authenticated between a Record Date (as defined below) and the
next succeeding Interest Payment Date, interest will accrue from such next succeeding Interest Payment Date. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the per
annum rate equal to the interest rate on this Note to the extent lawful; and it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest at the same per annum rate to the
extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 2. METHOD OF PAYMENT.
The Company will pay interest on the Notes due on any Interest Payment Date to the persons who are registered Holders of Notes at the close of business on the January 1 or July 1 (each a “Record Date”), as the case
may be, next preceding such Interest Payment Date, except as provided in Section 2.14 of the Base Indenture (as defined below) with respect to defaulted interest. Principal of and interest on the Notes will be payable at the office or agency of
any Paying Agent or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the register of Holders of Notes; provided that payments of principal of
and interest on Notes that are Global Securities registered in the name of a Depositary or its nominee will be made by wire transfer of immediately available funds. Such payments will be in Dollars. 

3. PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the
Indenture, will act as Paying Agent and Registrar for the Notes. The Company may change any Paying Agent or Registrar, and may appoint additional Paying Agents, Service Agents and co-Registrars, without notice to any Holder. In addition, the Company
or any of its Subsidiaries may act in any such capacity. 
 4. INDENTURE. This Note is one of a duly authorized
Series of Securities (herein called the “Notes”) of the Company issued under an indenture (the “Base Indenture”) dated as of October 28, 2010 between the Company and the Trustee, as amended and
supplemented by the Supplemental Indenture dated as of October 28, 2010 between the Company and the Trustee (the “Supplemental Indenture;” the Base Indenture, as amended and supplemented by the Supplemental Indenture and
any other supplemental indentures thereto, is hereinafter called the “Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of
1939, as amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note or the Supplemental Indenture conflicts with any provision of
the Base Indenture, the provisions of this Note or the Supplemental Indenture, as the case may be, will govern and be controlling. As provided in the Indenture, the Company may, at its option and without the consent of or notice to Holders of the
Notes, reopen this Series of Securities and issue additional Notes of this Series as provided in the Indenture. 
 5.
OPTIONAL REDEMPTION. The Notes are redeemable at the option of the Company, at any time or from time to time prior to April 15, 2022, either in whole or in part, at a redemption price equal to the greater of: 

(a) 100% of the principal amount of the Notes to be redeemed, and 

(b) the sum of the present values of the remaining scheduled payments of principal of and interest on the Notes to be
redeemed (exclusive of interest accrued to the applicable redemption date) discounted to such redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, 

  
 D-3

 plus, in the case of both clauses (a) and (b) above, accrued and unpaid interest on the principal
amount of the Notes being redeemed to such redemption date. 
 On and after April 15, 2022, the Notes are redeemable at the
option of the Company, at any time or from time to time, either in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount of the Notes being
redeemed to such redemption date. 
 Notwithstanding the foregoing, payments of interest on the Notes that are due and payable
on any Interest Payment Dates falling on or prior to a date fixed for redemption of the Notes will be payable to the Holders of such Notes registered as such at the close of business on the relevant Record Dates according to their terms and the
terms and provisions of the Indenture. 
 As used in this Section 5, the following terms have the meanings specified below:

 “Comparable Treasury Issue” means, with respect to any redemption date for the Notes, the United States Treasury
security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term 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 comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury
Price” means, with respect to any redemption date for the Notes, (1) if the Quotation Agent obtains four or more Reference Treasury Dealer Quotations, the arithmetic average of the Reference Treasury Dealer Quotations for such redemption
date after excluding the highest and lowest such Reference Treasury Dealer Quotations; (2) if the Quotation Agent obtains fewer than four but more than one such Reference Treasury Dealer Quotations, the arithmetic average of all such Reference
Treasury Dealer Quotations for such redemption date; or (3) if the Quotation Agent obtains only one such Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation for such redemption date. 

“Quotation Agent” means, for purposes of determining the redemption price of the Notes to be redeemed on any redemption date,
any primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by the Company. 
 “Reference Treasury Dealers” means, with respect to any redemption date for the Notes, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche
Bank Securities Inc. or their respective successors, as the case may be (provided, however, that if any such firm or any such successor, as the case may be, shall cease to be a Primary Treasury Dealer, another Primary Treasury Dealer shall be
substituted therefor by the Company) and any other Primary Treasury Dealer or Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any redemption date for the
Notes, the arithmetic average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. As used in the preceding sentence, the term “Business Day” means any day except a Saturday, Sunday or other day on which
banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to close. 

“Treasury Rate” means, with respect to any redemption date for the Notes, the rate per annum equal to the semi-annual
equivalent yield to maturity or interpolated 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
for such redemption date. 

  
 D-4

 If less than all of the Notes are to be redeemed, the Trustee shall select the Notes (or
portions thereof) to be redeemed in any manner that the Trustee deems fair and appropriate, which may provide for the selection for redemption of a portion of the principal amount of any Note equal to an authorized denomination as provided in the
next sentence. The Notes or portions thereof shall be redeemable in a minimum of $2,000 in principal amount and integral multiples of $1,000 in principal amount in excess thereof, provided that the remaining principal amount of any Note redeemed in
part shall be $2,000 or an integral multiple of $1,000 in excess thereof. 
 Notice of any redemption shall be mailed at least
30 days but not more than 60 days before the redemption date to each Holder of the Notes to be redeemed at its registered address and as otherwise provided in the Indenture. 
 Unless the Company defaults in payment of the redemption price, on and after the redemption date interest shall cease to accrue on the Notes or portions thereof called for redemption. 

Any redemption of the Notes shall be made in accordance with the other provisions of the Indenture. 

Calculation of the redemption price shall not be a duty or obligation of the Trustee. 

6. NO MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption or sinking fund payments with respect
to the Notes and the Notes shall not be subject to repurchase by the Company at the option of Holders. 
 7. DENOMINATIONS,
TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Notes may be transferred or exchanged only by surrender thereof to the Registrar or a
co-Registrar in compliance with the Indenture and either the reissuance by the Company of the surrendered Note to the new Holder or the issuance by the Company of a new Note to the new Holder or the exchanging Holder, as the case may be. The
Registrar, any co-Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and governmental charges permitted by the
Indenture. Neither the Company, the Registrar nor any co-Registrar shall be required to (a) issue, register the transfer of, or exchange Notes during the period beginning at the opening of business fifteen days immediately preceding the mailing
of a notice of redemption of the Notes and ending at the close of business on the day of such mailing, or (b) to register the transfer of or exchange Notes selected, called or being called for redemption, except any portion thereof not so
selected, called or being called. 
 8. PERSONS DEEMED OWNERS. The Company, the Trustee and each Agent may treat the
Holder in whose name a Note is registered as the owner thereof for the purpose of receiving payment and for all other purposes, and neither the Company, the Trustee nor any Agent shall be affected by any notice to the contrary. 

9. AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture and the Notes may be amended and supplemented
with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for the Notes), and compliance with any
provision of the Indenture or the Notes may be waived with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes (including, without limitation, waivers obtained in connection with a tender offer or
exchange offer for the Notes). Without notice to or the consent of any Holder of a Note, the Indenture and the Notes may be amended and supplemented as provided in the Indenture, including, without limitation, to cure any ambiguity, defect or
inconsistency or make any change that does not adversely affect the rights of any Holder of Notes in any material respect. 

10. DEFAULTS AND REMEDIES. If an Event of Default with respect to the Notes occurs and is continuing, the Trustee or the Holders
of not less than 25% in principal amount of the outstanding Notes may declare the principal of and accrued and unpaid interest on the outstanding Notes to be due and payable immediately or, solely in the case of an Event of Default relating to
specified events of bankruptcy or insolvency with respect to the Company, such principal and accrued and unpaid interest shall ipso facto become due and payable. As provided in the Indenture, the Holders of not less than a majority in principal
amount of the outstanding Notes may waive 

  
 D-5

 
(including waivers obtained in connection with a tender offer or exchange offer for the Notes) any past Default with respect to the Notes and its consequences, subject to exceptions specified in
the Indenture, and may rescind and annul any acceleration of the Notes and its consequences. Holders of the Notes may not enforce the Indenture or the Notes except as provided in the Indenture. 

11. TRUSTEE DEALINGS WITH COMPANY. The Trustee in its individual or any other capacity may become the owner or pledgee of the
Notes and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. 
 12. NO RECOURSE AGAINST OTHERS. A director, officer, employee or stockholder, as such, of the Company will not have any liability for any obligations of the Company under the Notes or the Indenture
or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of
the Notes. 
 13. AUTHENTICATION. This Note will not be valid until authenticated by the manual signature of the Trustee
or an authenticating agent. 
 14. GOVERNING LAW. This Note shall be governed by, and construed in accordance with, the
internal laws of the State of New York applicable to agreements made and to be performed in such State, without regard to the conflict of laws provisions thereof. 
 15. LEGAL DEFEASANCE, COVENANT DEFEASANCE AND DISCHARGE. As provided in the Indenture, the Company may, at its option, effect legal defeasance and covenant defeasance with respect to the Notes and,
insofar as concerns the Notes, satisfaction and discharge of the Indenture, all on the terms and subject to the conditions set forth in the Indenture. 
 16. 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 right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. 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 the Trustee may 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. 

  
 D-6

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)
	
	  

	(Insert assignee’s soc. sec. tax I.D. no.)
	
	      

	      

	      

	      

	(Print or type assignee’s name, address and zip code)

			
		
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

Date:
                                        

  

			
	Your Signature:	 	  

		 	(sign exactly as your name(s) appear(s) on the face of this Note)

 
			
		
	Tax Identification No:	 	  

			
		
	Signature Guarantee:	 	  

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 D-7

 Exhibit E 
 Form of 4.00% Note due 2042 

 THIS IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN
THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS GLOBAL SECURITY IS EXCHANGEABLE FOR NOTES (AS DEFINED ON THE REVERSE HEREOF) REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. UNLESS THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK)
(“DTC”) TO THE COMPANY (AS DEFINED ON THE REVERSE HEREOF) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 CUSIP:
278642AF0 
 eBay Inc. 
 4.00% Notes due 2042 
  

									
	No.	  	 	  	 	  	 	  	$            

 eBay Inc., a Delaware corporation, for value received promises to pay to                     or
registered assigns, the principal sum of                     Dollars on July 15, 2042. 
 Interest Payment Dates: January 15 and July 15. 
 Record Dates: January 1 and
July 1. 
 Reference is hereby made to the further provisions of this Note contained on the reverse hereof, which will for
all purposes have the same effect as if set forth at this place. 
  

					
	eBay Inc.
		
	By:	 	  

		 	Name:	 	Robert H. Swan
		 	Title:	 	 Senior Vice President, Finance and
 Chief Financial Officer

  
 E-1

 This is one of the 4.00% 
 Notes due 2042 referred to in 
 the within-mentioned Indenture: 

Dated: 
 Wells Fargo Bank, National
Association, 
 as Trustee 
  

			
	By:	 	  

		 	Authorized Signatory

  
 E-2

 (Reverse of Note)
 4.00% Notes due 2042 
 Terms, whether or not capitalized, which are defined in the
Indenture referred to below and used in this Note (as defined below) have the respective meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. INTEREST. eBay Inc., a Delaware corporation (the “Company,” which term includes its successors under
the Indenture), promises to pay interest on the principal amount of this Note at the rate of 4.00% per annum from the date set forth in the second succeeding sentence until maturity. The Company will pay interest semi-annually in arrears on
January 15 and July 15 of each year (each an “Interest Payment Date”), commencing January 15, 2013. Interest on this Note will accrue from the most recent date to which interest has been paid or duly provided
for or, if no interest has been paid or duly provided for, from July 24, 2012; provided that if there is no existing default in the payment of interest, and if this Note is authenticated between a Record Date (as defined below) and the
next succeeding Interest Payment Date, interest will accrue from such next succeeding Interest Payment Date. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the per
annum rate equal to the interest rate on this Note to the extent lawful; and it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest at the same per annum rate to the
extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
 2. METHOD OF PAYMENT.
The Company will pay interest on the Notes due on any Interest Payment Date to the persons who are registered Holders of Notes at the close of business on the January 1 or July 1 (each a “Record Date”), as the case
may be, next preceding such Interest Payment Date, except as provided in Section 2.14 of the Base Indenture (as defined below) with respect to defaulted interest. Principal of and interest on the Notes will be payable at the office or agency of
any Paying Agent or, at the option of the Company, payment of interest may be made by check mailed to the Holders of the Notes at their respective addresses set forth in the register of Holders of Notes; provided that payments of principal of
and interest on Notes that are Global Securities registered in the name of a Depositary or its nominee will be made by wire transfer of immediately available funds. Such payments will be in Dollars. 

3. PAYING AGENT AND REGISTRAR. Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as
Paying Agent and Registrar for the Notes. The Company may change any Paying Agent or Registrar, and may appoint additional Paying Agents, Service Agents and co-Registrars, without notice to any Holder. In addition, the Company or any of its
Subsidiaries may act in any such capacity. 
 4. INDENTURE. This Note is one of a duly authorized Series of Securities
(herein called the “Notes”) of the Company issued under an indenture (the “Base Indenture”) dated as of October 28, 2010 between the Company and the Trustee, as amended and supplemented by the
Supplemental Indenture dated as of October 28, 2010 between the Company and the Trustee (the “Supplemental Indenture;” the Base Indenture, as amended and supplemented by the Supplemental Indenture and any other
supplemental indentures thereto, is hereinafter called the “Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as
amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note or the Supplemental Indenture conflicts with any provision of the Base
Indenture, the provisions of this Note or the Supplemental Indenture, as the case may be, will govern and be controlling. As provided in the Indenture, the Company may, at its option and without the consent of or notice to Holders of the Notes,
reopen this Series of Securities and issue additional Notes of this Series as provided in the Indenture. 
 5. OPTIONAL
REDEMPTION. The Notes are redeemable at the option of the Company, at any time or from time to time prior to January 15, 2042, either in whole or in part, at a redemption price equal to the greater of: 

(a) 100% of the principal amount of the Notes to be redeemed, and 

  
 E-3

 (b) the sum of the present values of the remaining scheduled payments of
principal of and interest on the Notes to be redeemed (exclusive of interest accrued to the applicable redemption date) discounted to such redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate plus 25 basis points, 
 plus, in the case of both clauses (a) and (b) above, accrued and unpaid interest on the
principal amount of the Notes being redeemed to such redemption date. 
 On and after January 15, 2042, the Notes are
redeemable at the option of the Company, at any time or from time to time, either in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest on the principal amount
of the Notes being redeemed to such redemption date. 
 Notwithstanding the foregoing, payments of interest on the Notes that
are due and payable on any Interest Payment Dates falling on or prior to a date fixed for redemption of the Notes will be payable to the Holders of such Notes registered as such at the close of business on the relevant Record Dates according to
their terms and the terms and provisions of the Indenture. 
 As used in this Section 5, the following terms have the
meanings specified below: 
 “Comparable Treasury Issue” means, with respect to any redemption date for the Notes, the
United States Treasury security selected by the Quotation Agent as having an actual or interpolated maturity comparable to the remaining term 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 comparable maturity to the remaining term of the Notes. 

“Comparable Treasury Price” means, with respect to any redemption date for the Notes, (1) if the Quotation Agent obtains
four or more Reference Treasury Dealer Quotations, the arithmetic average of the Reference Treasury Dealer Quotations for such redemption date after excluding the highest and lowest such Reference Treasury Dealer Quotations; (2) if the
Quotation Agent obtains fewer than four but more than one such Reference Treasury Dealer Quotations, the arithmetic average of all such Reference Treasury Dealer Quotations for such redemption date; or (3) if the Quotation Agent obtains only
one such Reference Treasury Dealer Quotation, such Reference Treasury Dealer Quotation for such redemption date. 

“Quotation Agent” means, for purposes of determining the redemption price of the Notes to be redeemed on any redemption date,
any primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by the Company. 
 “Reference Treasury Dealers” means, with respect to any redemption date for the Notes, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche
Bank Securities Inc. or their respective successors, as the case may be (provided, however, that if any such firm or any such successor, as the case may be, shall cease to be a Primary Treasury Dealer, another Primary Treasury Dealer shall be
substituted therefor by the Company) and any other Primary Treasury Dealer or Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any redemption date for the
Notes, the arithmetic average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. As used in the preceding sentence, the term “Business Day” means any day except a Saturday, Sunday or other day on which
banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to close. 

“Treasury Rate” means, with respect to any redemption date for the Notes, the rate per annum equal to the semi-annual
equivalent yield to maturity or interpolated 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
for such redemption date. 

  
 E-4

 If less than all of the Notes are to be redeemed, the Trustee shall select the Notes (or
portions thereof) to be redeemed in any manner that the Trustee deems fair and appropriate, which may provide for the selection for redemption of a portion of the principal amount of any Note equal to an authorized denomination as provided in the
next sentence. The Notes or portions thereof shall be redeemable in a minimum of $2,000 in principal amount and integral multiples of $1,000 in principal amount in excess thereof, provided that the remaining principal amount of any Note redeemed in
part shall be $2,000 or an integral multiple of $1,000 in excess thereof. 
 Notice of any redemption shall be mailed at least
30 days but not more than 60 days before the redemption date to each Holder of the Notes to be redeemed at its registered address and as otherwise provided in the Indenture. 
 Unless the Company defaults in payment of the redemption price, on and after the redemption date interest shall cease to accrue on the Notes or portions thereof called for redemption. 

Any redemption of the Notes shall be made in accordance with the other provisions of the Indenture. 

Calculation of the redemption price shall not be a duty or obligation of the Trustee. 

6. NO MANDATORY REDEMPTION. The Company shall not be required to make mandatory redemption or sinking fund payments with respect
to the Notes and the Notes shall not be subject to repurchase by the Company at the option of Holders. 
 7. DENOMINATIONS,
TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Notes may be transferred or exchanged only by surrender thereof to the Registrar or a
co-Registrar in compliance with the Indenture and either the reissuance by the Company of the surrendered Note to the new Holder or the issuance by the Company of a new Note to the new Holder or the exchanging Holder, as the case may be. The
Registrar, any co-Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and governmental charges permitted by the
Indenture. Neither the Company, the Registrar nor any co-Registrar shall be required to (a) issue, register the transfer of, or exchange Notes during the period beginning at the opening of business fifteen days immediately preceding the mailing
of a notice of redemption of the Notes and ending at the close of business on the day of such mailing, or (b) to register the transfer of or exchange Notes selected, called or being called for redemption, except any portion thereof not so
selected, called or being called. 
 8. PERSONS DEEMED OWNERS. The Company, the Trustee and each Agent may treat the
Holder in whose name a Note is registered as the owner thereof for the purpose of receiving payment and for all other purposes, and neither the Company, the Trustee nor any Agent shall be affected by any notice to the contrary. 

9. AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture and the Notes may be amended and supplemented
with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (including, without limitation, consents obtained in connection with a tender offer or exchange offer for the Notes), and compliance with any
provision of the Indenture or the Notes may be waived with the consent of the Holders of at least a majority in principal amount of the then outstanding Notes (including, without limitation, waivers obtained in connection with a tender offer or
exchange offer for the Notes). Without notice to or the consent of any Holder of a Note, the Indenture and the Notes may be amended and supplemented as provided in the Indenture, including, without limitation, to cure any ambiguity, defect or
inconsistency or make any change that does not adversely affect the rights of any Holder of Notes in any material respect. 

10. DEFAULTS AND REMEDIES. If an Event of Default with respect to the Notes occurs and is continuing, the Trustee or the Holders
of not less than 25% in principal amount of the outstanding Notes may declare the principal of and accrued and unpaid interest on the outstanding Notes to be due and payable immediately 

  
 E-5

 
or, solely in the case of an Event of Default relating to specified events of bankruptcy or insolvency with respect to the Company, such principal and accrued and unpaid interest shall ipso facto
become due and payable. As provided in the Indenture, the Holders of not less than a majority in principal amount of the outstanding Notes may waive (including waivers obtained in connection with a tender offer or exchange offer for the Notes) any
past Default with respect to the Notes and its consequences, subject to exceptions specified in the Indenture, and may rescind and annul any acceleration of the Notes and its consequences. Holders of the Notes may not enforce the Indenture or the
Notes except as provided in the Indenture. 
 11. TRUSTEE DEALINGS WITH COMPANY. The Trustee in its individual or any
other capacity may become the owner or pledgee of the Notes and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee. 

12. NO RECOURSE AGAINST OTHERS. A director, officer, employee or stockholder, as such, of the Company will not have any liability
for any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The
waiver and release are part of the consideration for the issuance of the Notes. 
 13. AUTHENTICATION. This Note will not
be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 
 14. GOVERNING LAW.
This Note shall be governed by, and construed in accordance with, the internal laws of the State of New York applicable to agreements made and to be performed in such State, without regard to the conflict of laws provisions thereof. 

15. LEGAL DEFEASANCE, COVENANT DEFEASANCE AND DISCHARGE. As provided in the Indenture, the Company may, at its option, effect
legal defeasance and covenant defeasance with respect to the Notes and, insofar as concerns the Notes, satisfaction and discharge of the Indenture, all on the terms and subject to the conditions set forth in the Indenture. 

16. 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 right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. 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 the Trustee may 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. 

  
 E-6

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this Note to:	  	  

		  	(Insert assignee’s legal name)
	
	      

	(Insert assignee’s soc. sec. tax I.D. no.)
	
	      

	      

	      

	      

	(Print or type assignee’s name, address and zip code)

			
		
	and irrevocably appoint	  	  

	to transfer this Note on the books of the Company. The agent may substitute another to act for him.

Date:
                                        

  

			
	Your Signature:	 	  

		 	(sign exactly as your name(s) appear(s) on the face of this Note)

 
			
		
	Tax Identification No:	 	  

			
		
	Signature Guarantee:	 	  

Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include
membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 E-7FIRST SUPPLEMENTAL INDENTURE

 Exhibit 4.2 
 FIRST SUPPLEMENTAL INDENTURE 
 First Supplemental Indenture, dated as of
July 24, 2012 (this “First Supplemental Indenture”), among Nationstar Mortgage LLC, a Delaware limited liability company (“Nationstar”), Nationstar Capital Corporation, a Delaware corporation (“Nationstar Corp.”
and, together with Nationstar, the “Issuers”), the Guarantors (as defined in the Indenture referred to herein) and Wells Fargo Bank, National Association, as trustee (the “Trustee”). 

W I T N E S S E T H: 

WHEREAS, the Issuers and the Guarantors have heretofore executed and delivered to the Trustee an indenture, dated as of April 25,
2012 (the “Indenture”), that governs the Issuers’ existing outstanding $275,000,000 aggregate principal amount of 9.625% Senior Notes due 2019 (the “Initial Notes”); 

WHEREAS, Section 2.01 of the Indenture provides that the Issuers shall be entitled, subject to its compliance with
Section 4.09 of the Indenture, to issue Additional Notes (as defined in the Indenture) ranking pari passu with the Initial Notes without notice to or consent of the Holders (as defined in the Indenture) having the same terms as to
status, waivers, amendments, offers to repurchase, redemption or otherwise as the Initial Notes, and that such Additional Notes shall be issued with the benefit of an indenture supplement to the Indenture; 

WHEREAS, the execution and delivery of this First Supplemental Indenture has been duly authorized and all conditions and requirements
necessary to make this First Supplemental Indenture a valid and binding agreement of the Issuers and the Guarantors have been duly performed and complied with; 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Issuers have delivered a resolution of their Boards of Directors (as defined in the Indenture) authorizing the execution of this First
Supplemental Indenture, and in accordance with Section 9.06 and Section 12.04 of the Indenture have delivered an Officers’ Certificate and an Opinion of Counsel (each as defined in the Indenture) to the Trustee stating
that the execution of this First Supplemental Indenture is authorized or permitted by the Indenture, that this First Supplemental Indenture is the legal, valid and binding obligation of the Issuers and the Guarantors party hereto, enforceable
against them in accordance with the terms of this First Supplemental Indenture, subject to customary exceptions, that this First Supplemental Indenture complies with the provisions of the Indenture and that all conditions precedent and covenants, if
any, provided for in the Indenture relating to the execution of this First Supplemental Indenture have been satisfied; 

WHEREAS, the Issuers and the Guarantors, pursuant to the foregoing authority, propose in and by this First Supplemental Indenture to
amend the Indenture, and request that the Trustee join in the execution of this First Supplemental Indenture; and 
 WHEREAS,
pursuant to Section 9.01 of the Indenture, the Trustee is authorized to execute and deliver this First Supplemental Indenture. 

  
 1 

 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the Issuers, the Guarantors and the Trustee mutually covenant and agree for the benefit of each other and the equal and ratable benefit of the Holders of the Initial Notes as follows:

 1. Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the
Indenture. 
 2. New Notes. Pursuant to Section 2.01 of the Indenture, the Issuer hereby creates and issues
$100,000,000 in aggregate principal amount of 9.625% Senior Notes due 2019 (the “New Notes”) as Additional Notes under the Indenture. The New Notes will be consolidated with and form a single class with the Initial Notes or any Exchange
Notes previously issued, to which the New Notes are identical in all terms and conditions except as to the date of issue. The first interest payment date of the New Notes will be November 1, 2012. The New Notes will, when issued, be considered
notes issued pursuant to the Indenture for all purposes thereunder and will be subject to and take benefit of all the terms, conditions and provisions of the Indenture. 
 3. Authentication of New Notes. The Trustee shall, pursuant to an authentication order delivered in accordance with Section 2.02 of the Indenture, authenticate the New Notes.

 4. Ratification of Indenture; Supplemental Indenture Part of Indenture. Except as expressly amended hereby, the
Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This First Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder
of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 5. Severability. In case any
provision in this First Supplemental Indenture, the Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 6. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE OF NEW YORK, WITHOUT REGARD FOR THE CONFLICTS OF LAWS PRINCIPLES THEROF. 
 7. Counterparts. The parties hereto
may sign any number of copies of this First Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 8. Effect of Headings. The Section headings herein are for convenience only and shall not affect the construction hereof. 
 9. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the
recitals contained herein, all of which recitals are made solely by the Issuers and the Guarantors. This First Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the
same force and effect as if those 

  
 2 

 
terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. In entering into this First Supplemental Indenture, the Trustee shall be entitled to
the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. 

10. Successors. This First Supplemental Indenture shall be binding on the Issuers, the Guarantors, the Trustee and the Holders and
their respective successors and assigns, and shall inure to the benefit of the such parties and their respective successors and assigns. 
 [Remainder of Page Intentionally Blank] 

  
 3 

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

			
	 ISSUERS:

	
	 NATIONSTAR MORTGAGE LLC

		
	 By
	 	         /S/ Jay Bray

		 	Name: Jay Bray
		 	Title: Chief Executive Officer

  

			
	NATIONSTAR CAPITAL CORPORATION
		
	 By
	 	         /S/ Jay Bray

		 	Name: Jay Bray
		 	Title: Chief Executive Officer

  

	
	GUARANTORS:
	
	CENTEX LAND VISTA RIDGE LEWISVILLE III
	        GENERAL PARTNER, LLC
	HARWOOD SERVICE COMPANY LLC
	HARWOOD INSURANCE SERVICES, LLC
	HARWOOD SERVICE COMPANY OF GEORGIA, LLC
	HARWOOD SERVICE COMPANY OF NEW JERSEY, LLC
	HOMESELECT SETTLEMENT SOLUTIONS, LLC
	NATIONSTAR 2009 EQUITY CORPORATION NATIONSTAR EQUITY CORPORATION
	NATIONSTAR INDUSTRIAL LOAN COMPANY
	NATIONSTAR INDUSTRIAL LOAN CORPORATION
	NSM RECOVERY SERVICES INC.
	NSM FORECLOSURE SERVICES INC.

  

			
	 By
	 	         /S/ Jay Bray

		 	Name: Jay Bray
		 	Title: Chief Financial Officer

 [Signature Page to First Supplemental Indenture] 

							
		 		 	 CENTEX LAND VISTA RIDGE LEWISVILLE III,
L.P.

				
		 		 	By:	 	CENTEX LAND VISTA RIDGE LEWISVILLE III
		 		 		 	 GENERAL PARTNER, LLC,
 its General Partner

  

			
	 By
	 	                 /S/
Jay Bray

		 	Name: Jay Bray
		 	Title: Chief Financial Officer

 [Signature Page to First Supplemental Indenture] 

 
	
	TRUSTEE:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee

  

			
	 By:
	 	
                    
/S/ Yana Kislenko

		 	Name: Yana Kislenko
		 	Title: Vice President

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