Document:

EXHIBIT 10.1

      

      

      RETIREMENT AGREEMENT AND GENERAL RELEASE

      

      

      THIS RETIREMENT AGREEMENT AND GENERAL RELEASE (the “Agreement”) is entered into as of August 2, 2018 by and between Mark R. Von Schwarz
          (hereinafter “Executive”), on the one hand, and L3 Technologies, Inc. (“L3”), on the other hand (Executive and L3 are sometimes collectively referred to as the “Parties”).

      

      

      W I T N E S S E T H :

      

      

      WHEREAS, Executive and L3 have come to an agreement regarding Executive’s retirement from L3, subject to approval of such agreement by
          the Compensation Committee of L3’s Board of Directors (the “Compensation Committee”);

      

      

      WHEREAS, the Parties understand and agree that neither the making of this  Agreement, nor anything contained herein, shall, in any way,
          be construed or considered to be an admission by L3 or Executive of wrongdoing or noncompliance with any federal, state, or local statute, public policy, tort law, contract law, common law or of any other civil wrongdoing whatsoever.

      

      

      NOW, THEREFORE, IT IS AGREED BY THE PARTIES THAT:

      

      

      
        
          	

                	1.	
                  Subject to Paragraph 6, below, Executive’s employment with L3 shall continue through, and terminate as of April 2, 2019 (the “Retirement Date”), as follows:

                

        

      

      

      

      
        
          	

                	a.	
                  Effective as of August 2, 2018 (the “Resignation Date”), Executive hereby resigns as Senior Vice President and President of Aerospace Systems Segment and from all other
                      officer and director positions with L3 and its affiliates, but shall remain employed by L3 in a non-executive capacity continuing until the Retirement Date.

                

        

      

      

      

      
        
          	

                	b.	
                  Between the Resignation Date and December 31, 2018 (the “Transition Period”), Executive shall perform such duties as may be requested by L3’s Chief Executive Officer and
                      President (the “CEO”) to facilitate the orderly transition of Executive’s services.  Executive shall vacate his current office as of the Resignation Date, and shall perform his duties during the Transition Period from his home, unless
                      the CEO requests that Executive work elsewhere.

                

        

      

      

      

      
        
          

      

      
      
        
          	

                	c.	
                  During the period commencing upon the end of the Transition Period and ending on the Retirement Date (such period, the “Special Projects Period”), Executive shall provide
                      such services related to special projects as the CEO may request from time to time.  Executive shall not be provided with office space from L3 and shall not have access to L3’s computer network or email during the Special Projects
                      Period and Executive shall continue to perform any required services during such period from his home, in each case except as directed by the CEO.

                

        

      

      

      

      
        
          	

                	d.	
                  During the Transition Period and the Special Projects Period, Executive shall not, with respect to third parties, act on behalf of or otherwise represent L3 except as
                      specifically directed by the CEO, and Executive shall not, other than with the prior written approval of the CEO,  hire any employees or consultants on behalf of L3 or spend or commit to spend any amounts on behalf of L3.

                

        

      

      

      

      
        
          	

                	e.	
                  Upon the conclusion of the Special Projects Period, Executive shall retire from employment with L3 and from all other positions with L3 and its affiliates, effective as
                      of the Retirement Date.

                

        

      

      

      

      
        
          	

                	2.	
                  Executive shall use, not later than December 31, 2018, all vacation that has accrued by that date, and shall not accrue any vacation thereafter.

                

        

      

      

      

      
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                	3.	
                  On the Retirement Date (or on such earlier date as may be required pursuant to the terms of the applicable employee benefit plan), Executive’s participation in L3 benefit
                      plans (including, without limitation, L3’s regular and supplemental pension plans, regular and supplemental savings plans, deferred compensation plans, Management Incentive Bonus (“MIB”) and short and long-term cash incentive plans)
                      shall cease, subject to any post-termination benefit rights that Executive may have under such plans and in accordance with their terms.  For the avoidance of doubt, Executive shall continue to accrue pension benefits under L3’s
                      regular and supplemental pension plans through the Retirement Date, although the timing of any payments made to Executive under any nonqualified pension or deferred compensation plans shall be determined in accordance with Section 7
                      hereof.  In addition, Executive’s participation in L3 health, disability and life insurance benefit plans shall cease as of the Retirement Date, subject to any post-termination benefit rights that may exist under such plans and in
                      accordance with their terms. Executive will receive, under separate cover, information regarding Executive’s entitlement to benefits under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”).

                

        

      

      

      

      
        
          	

                	4.	
                  Upon the end of the Transition Period, or on an earlier or later date if so directed by L3, Executive shall return to L3 all of its property, equipment, credit cards,
                      electronic devices, employee badges, documents and records, including materials generated or collected by Executive during the course of Executive’s employment and including Confidential Information (as defined in Paragraph 9, below),
                      all of which are the property of L3.

                

        

      

      

      

      
        
          	

                	5.	
                  Executive agrees to execute General Releases in the forms attached hereto as Exhibits A and B which shall release L3 (including any successors and assigns, subsidiaries,
                      affiliates, related entities,  and their respective officers, directors, stockholders, employees, benefit plan administrators and trustees,  attorneys, insurers, representatives, affiliates, collectively, the “Released Parties”) from
                      any and all claims as set forth therein.

                

        

      

      

      

      
        
          	

                	6.	
                  Retirement Benefits.  In consideration for Executive’s execution and
                      non-revocation of the General Release attached hereto as Exhibit A, and Executive’s other duties and obligations set forth in this Agreement, and subject to the approval of L3’s Compensation Committee, L3 agrees to the following:

                

        

      

      

      

      
        
          	

                	a.	
                  L3 agrees to continue Executive’s employment through the Transition Period ending December 31, 2018, under the terms set forth herein, and L3 will not separate Executive
                      from employment prior to the end of such period other than for “Cause” as defined in the agreement governing the restricted stock units issued to Executive on February 20, 2018 or due to Executive’s breach of the terms of this
                      Agreement.  During the Transition Period L3 will pay Executive a base salary at the rate of $265,000 per annum, less applicable withholdings and deductions.

                

        

      

      

      

      
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      In consideration for Executive’s execution and non-revocation of the General Release attached hereto as Exhibit B
          during the twenty-one (21) day period ending January 1, 2019, and the other duties and obligations set forth in this Agreement, including without limitation Executive’s continued service during the Transition Period and the Special Projects
          Period, and Executive’s performance of services during such periods and continued compliance with the terms of this Agreement, subject to the approval of L3’s Compensation Committee, L3 agrees to the following:

      

      

      
        
          	

                	b.	
                  L3 agrees to continue Executive’s employment during the period from January 1, 2019 through the end of the Special Projects Period and will not separate Executive from
                      employment prior to the Retirement Date other than for Cause or due to Executive’s breach of this Agreement.  During the Special Projects Period L3 will pay Executive a base salary at the rate of $106,000 per annum (prorated for
                      partial periods, less applicable withholdings and deductions).

                

        

      

      

      

      For the avoidance of doubt, all of Executive’s outstanding long-term incentive awards will continue to vest in
          accordance with their terms for the duration of Executive’s continued employment through the Retirement Date in accordance with the terms of this Agreement.  Executive’s contemplated retirement in accordance with the terms of this Agreement upon
          the Retirement Date will constitute (i) a “retirement” within the meaning of Executive’s restricted stock unit agreements, (ii) a “qualified retirement” within the meaning of Executive’s nonqualified stock option agreements, and (iii) a
          “Retirement” that constitutes a “Qualified Separation” within the meaning of Executive’s performance unit agreements and cash award agreements.  Any of Executive’s long-term incentive awards which do not vest prior to his last day of employment
          with L3 or pursuant to the preceding sentence will be forfeited in accordance with their terms.  Executive will not be eligible to receive an MIB award in respect of his service during fiscal 2018 or 2019, or any grants of long-term incentive
          awards during fiscal 2019.  Executive acknowledges and agrees that he will not be eligible to receive severance benefits in connection with his retirement from employment under any severance plan or arrangement maintained by L3, including,
          without limitation, L3’s Executive Severance Plan and L3’s Amended and Restated Change in Control Severance Plan.

      

      

      
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                	7.	
                  Section 409A.  All payments to Executive that are described in this Agreement
                      are subject to applicable withholding taxes.  In addition, each payment shall be designated as a “separate payment” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and will be made
                      subject to compliance with Section 409A.  Notwithstanding anything herein to the contrary, (i) if at the time of Executive’s “separation from service” within the meaning of Section 409A of the Code (which, for the avoidance of doubt,
                      is expected to occur upon the end of the Transition Period) Executive is a “specified employee” as defined in Section 409A of the Code (and any related regulations or other pronouncements thereunder) and the deferral of the
                      commencement of any payments or benefits otherwise payable hereunder or payable under any other compensatory arrangement between Executive and L3 or any of its affiliates as a result of such separation from service is necessary in
                      order to prevent any accelerated or additional tax under Section 409A of the Code, then L3 will defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits
                      ultimately paid or provided to Executive) until the date that is six months following Executive’s separation from service (or the earliest date as is permitted under Section 409A of the Code), at which point all payments deferred
                      pursuant to this Paragraph 7 shall be paid to Executive in a lump sum, and (ii) if any other payments of money or other benefits due to Executive hereunder could cause the application of an accelerated or additional tax under Section
                      409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment or other benefits compliant under Section 409A of the Code, or otherwise such payment or other benefits shall be restructured, to
                      the extent possible, in a manner that does not cause such an accelerated or additional tax.  Additionally, nothing under this Agreement shall be deemed to change the scheduled payment date(s) of any deferred compensation subject to
                      Section 409A of the Code to the extent that such a change in payment date would be impermissible under Section 409A of the Code.

                

        

      

      

      

      
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                	8.	
                  No Claims Filed. With the exception of any of claims, complaints or
                      communications described in Paragraph 9.d. of this Agreement,  Executive represents that Executive has not instituted any action,  charge, arbitration or any similar proceeding against L3 or the Released Parties based upon any conduct
                      up to and including the date of this Agreement, except as otherwise disclosed to L3 at or prior to the date hereof.

                

        

      

      

      

      
        
          	

                	9.	
                  Confidential Information.

                

        

      

      

      

      
        
          	

                	a.	
                  As a result of the position which Executive occupied, and the confidence placed in Executive, Executive was entrusted with and had access to Confidential Information
                      (defined below), in order for Executive to carry out Executive’s responsibilities.  Executive acknowledges that any Confidential Information of L3 derives independent value from not being readily known to or ascertainable by proper
                      means by others who may obtain value from its disclosure or use.  Executive agrees that Confidential Information is the sole property of L3 and Executive agrees that Executive will not use or disclose Confidential Information or
                      share, communicate or provide access to any Confidential Information to any other person, except as provided in Paragraph 9.d. below.  Except as otherwise may be permitted herein, Executive further agrees that any such use or
                      disclosure will constitute a misappropriation of Confidential Information of L3 and a violation of this Agreement.

                

        

      

      

      

      
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                	b.	
                  “Confidential Information” means any non-public, confidential or personal information or materials in any media (including oral, written, electronic or digital) relating
                      to L3 and its directors, officers, affiliates, or employees, or relating to L3 or its affiliates’ past, current or future businesses, activities, finances, personnel, transactions, assets, legal matters and matters related to L3’s
                      ethics program (including without limitation complaints, investigations, reports and responses).  Confidential Information includes, but is not limited to, any trade secrets, formulas, devices, inventions, methods, techniques or
                      processes, compilations of information, records and specifications that are owned or licensed by L3 and used in the operation of L3’s business and any other information of L3 relating to its services and products (offered or to be
                      offered), research, development, marketing, pricing, clients and prospective clients, business methods, strategies, business or marketing plans, financial data, profit plans, know-how, minutes of meetings, notes, instructions,
                      correspondence, personnel information and capabilities, policies or prospects.  Confidential Information does not include any information that is or becomes generally known to the public or industry, other than due to the fault of
                      Executive.

                

        

      

      

      

      
        
          	

                	c.	
                  Confidential Information also includes any legally privileged information of L3, including without limitation attorney work product, attorney-client communications and
                      legal strategies.

                

        

      

      

      

      
        
          	

                	d.	
                  Notwithstanding anything to the contrary herein or in any L3 compliance policy, nothing shall prohibit Executive from communicating, cooperating or filing a complaint
                      with any U.S. federal, state or local enforcement branch, agency or entity (collectively, a “Governmental Entity”) with respect to possible violations of any U.S. federal, state or local law or regulation, or otherwise making
                      disclosure relating thereto to any such Governmental Entity, that are protected under the whistleblower provisions of any such law or regulation provided that in each case (i) such communications and disclosures are consistent with
                      applicable law and made in good faith and (ii) the information subject to such disclosure was not obtained by Executive through a communication that was subject to the attorney-client privilege, unless such disclosure of that
                      information would otherwise be permitted by an attorney pursuant to 17 CFR 205.3(d)(2), applicable state attorney conduct rules, or otherwise.  Moreover, Executive does not need the prior authorization of (or to give prior notice to)
                      L3 regarding any such communication or disclosure.  With respect to any such matters that arise out of the alleged violation of  employment discrimination or other employment laws, Executive agrees that Executive shall not seek or
                      accept any award, damages, equitable relief, recovery or settlement  from any source or proceeding pertaining to Executive’s  employment with L3, Executive’s retirement from employment with L3, or otherwise.

                

        

      

      

      

      
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                	e.	
                  Executive understands and acknowledges that an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of
                      a trade secret that is made (i) in confidence to a federal, state, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law, or (ii) in a complaint or other
                      document filed in a lawsuit or other proceeding, if such filing is made under seal.  Executive understands and acknowledges further that an individual who files a lawsuit for retaliation by an employer for reporting a suspected
                      violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal; and does not
                      disclose the trade secret, except pursuant to court order.

                

        

      

      

      

      
        
          	

                	f.	
                  Notwithstanding the foregoing, L3 intends to fully preserve the attorney-client privilege, work product protection and any other privilege or similar protection belonging
                      to L3, and nothing contained in this Agreement shall be construed as a waiver by L3 of its attorney-client privilege or work product protection or any other privilege or protection belonging to L3.  Executive understands and
                      acknowledges Executive’s continuing obligation to maintain such privilege, subject to applicable law.

                

        

      

      

      

      
        
          	

                	10.	
                  Agreement Confidentiality.  Subject to Paragraph 9.d. above, neither Executive
                      nor any of Executive’s representatives, including but not limited to, any counsel advising or representing Executive, shall publicize or disclose any information relating to Executive’s employment with L3 or Executive’s retirement
                      from employment with L3, or the terms of or amounts of payments made pursuant to this Agreement or related discussions (including, without limitation, the nature or terms of Executive’s continued employment during the Special Projects
                      Period), to any person or entity, other than Executive’s spouse, counsel or accountant, or other advisors who may not disclose or publicize such information.  The restrictions set forth in this Paragraph 10 related to disclosure of
                      the terms of this Agreement shall cease to apply following the date upon which L3 publicly files this Agreement.

                

        

      

      

      

      
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                	11.	
                  Non-Disparagement.  Subject to Paragraph 9.d. above, Executive agrees that
                      Executive will not, directly or indirectly, communicate with any person or entity, including, without limitation, any of L3's creditors, customers, suppliers, officers, licensees, business partners or employees, or any member of the
                      press or other media, about any aspect of the business, prospects, operations, or financial condition of L3 or the Released Parties, nor publish or make any statements critical of L3 or the Released Parties, in each case, which may in
                      any way, directly or indirectly, adversely affect or otherwise interfere with or malign the business or reputation of L3 or the Released Parties.

                

        

      

      

      

      
        
          	

                	12.	
                  Non-Solicitation of Employees.  Executive agrees that from the date hereof and
                      continuing for one year following the Retirement Date, Executive shall not, without the prior written consent of the CEO, directly or indirectly, either as principal, manager, agent, consultant, officer, stockholder, partner,
                      investor, lender or employee or in any other capacity, on Executive’s own behalf or on behalf of any person, firm or company, solicit or offer employment to any person who is or has been employed by L3 at any time during the one-year
                      period immediately preceding such solicitation.

                

        

      

      

      

      
        
          	

                	13.	
                  Non-Solicitation of Customers or Clients.  Executive shall not, without the prior
                      written consent of the CEO, directly or indirectly, for one year after the Retirement Date:

                

        

      

      

      

      
        
          	

                	a.	
                  solicit orders for any products or services offered by L3 during the two-year period prior to the Retirement Date from any customers or clients of L3 with whom Executive
                      or employees reporting to Executive dealt or obtained Confidential Information about during the two-year period prior to the Retirement Date; or

                

        

      

      

      

      
        
          	

                	b.	
                  induce or attempt to induce any customer or client of L3 with whom Executive or employees reporting to Executive dealt or obtained Confidential Information about during
                      the two-year period prior to the Retirement Date to terminate or otherwise adversely affect such customer’s or client’s relationship with L3.

                

        

      

      

      

      
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                	14.	
                   Non-Competition.  Executive shall not, without the prior written consent of the
                      CEO, directly or indirectly and in any capacity, for the period of one year after the Retirement Date, own, manage, operate, finance, join, control or participate in the ownership, management, operation, financing or control of, or be
                      connected as an officer, director, employee, partner, principal, agent, representative, consultant or otherwise with, any business or enterprise which (i) involves the use of Confidential Information pertaining to L3, (ii) is a
                      competitor of L3 (as determined based on any business operations of L3 which exist or are planned as of the date of this Agreement), or (iii) is owned or operated by a competitor of L3, directly or through an affiliated or subsidiary
                      organization.  This Paragraph is not intended to prohibit the ownership by Executive of not more than 5 percent of any class of securities of any corporation which is engaged in any of the foregoing businesses having a class of
                      securities registered pursuant to the Securities and Exchange Act of 1934, provided that neither Executive nor any group of persons including Executive in any way, either directly or indirectly, manages or exercises control of any
                      such corporation, guarantees any of its financial obligations, otherwise takes part in its business, other than exercising rights as a shareholder, or seeks to do any of the foregoing.

                

        

      

      

      

      
        
          	

                	15.	
                  Executive Breach.  Executive agrees that in the event Executive breaches any of
                      Executive’s obligations under Paragraphs 9, 10, 11, 12, 13 or 14 of this Agreement, L3 shall have no further obligation to provide any outstanding payments or benefits pursuant to Paragraph 6, above, and shall be entitled to recover
                      all amounts paid pursuant to Paragraph 6 and to obtain all other remedies (including but not limited to injunctive relief) provided by law or equity; provided, however, that Executive’s obligations under the Agreement shall remain in
                      full force and effect.

                

        

      

      

      

      
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                	16.	
                  Jurisdiction.  Executive agrees that if Executive violates this Agreement and
                      particularly the provisions of Paragraphs 9, 10, 11, 12, 13 or 14, L3 will suffer irreparable harm.  Executive therefore agrees that in the event of any action arising under or related to this Agreement, including but not limited to
                      enforcement of this Agreement by means of a temporary injunction and/or other appropriate equitable relief, Executive consents to the jurisdiction of any state or federal court sitting in New York, New York and Executive waives, and
                      agrees not to assert, as a defense in any such action or proceeding, that Executive was not subject thereto or that venue is improper for lack of residence, inconvenient forum or otherwise inappropriate. Executive agrees that service
                      of process may be made upon Executive by certified mail at Executive’s address last known to L3.  Executive further agrees that, in the event the court grants temporary or permanent injunctive or legal relief in favor of L3, Executive
                      will also be liable for all costs incurred in connection therewith, including L3’s reasonable attorney’s fees. The Parties waive their right to a jury trial in all proceedings arising under this Agreement.

                

        

      

      

      

      
        
          	

                	17.	
                  Reasonable Assistance.  Executive agrees to cooperate with L3 in assisting with
                      the transition of business matters of L3, including ongoing or completed transactions, which Executive was involved in or had obtained knowledge of as an employee of L3.  Executive further agrees to cooperate with any internal L3
                      investigations or investigations by any law enforcement or Governmental Entity and in any litigation arising from or related to Executive’s former employment at L3.  Such cooperation shall include attending meetings as reasonably
                      needed with company or government officials, and if involved in litigation or other proceedings, trial and deposition or other appearances, and providing truthful testimony.   L3 shall reimburse Executive for any reasonably
                      out-of-pocket expenses incurred in connection with such cooperation, subject to the terms of L3’s standard expense reimbursement policies.

                

        

      

      

      

      
        
          	

                	18.	
                  No Further Obligations.  Executive understands and agrees that L3’s obligations
                      set forth in this Agreement, which Executive is not otherwise entitled to, are in lieu of any and all other amounts to which Executive might be, is now, or may become entitled to receive from L3 or any Released Parties upon any claim
                      whatsoever and, without limiting the generality of the foregoing, Executive expressly waives any claim to employment or reinstatement to employment, payment for salary, wages, back pay, front pay, interest, bonuses (whether pursuant
                      to L3’s MIB bonus plan or otherwise), contributions to or vesting in any employee benefit plans, profit sharing and/or equity generally, damages, accrued vacation, accrued sick leave, medical benefits, life insurance benefits,
                      overtime, severance pay and attorneys’ fees or costs, except for those expressly provided for in this Agreement and except for post-employment rights, if any, that Executive may be entitled to under any of L3’s insurance policies or
                      benefit plans and in accordance with their terms.

                

        

      

      

      

      
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                	19.	
                  References.  Following the Retirement Date, L3 agrees that, upon an inquiry from
                      a prospective employer for Executive, it will provide a reference of employment regarding Executive which shall include the dates of Executive’s employment with L3 and Executive’s last position held.

                

        

      

      

      

      
        
          	

                	20.	
                  ADEA Release.  Executive acknowledges that Executive is waiving and releasing
                      any rights Executive may have under the Age Discrimination in Employment Act (“ADEA”) and that this waiver and release is knowing and voluntary.  Executive

                      acknowledges that the consideration given for this Agreement is in addition to anything of value to which Executive is already entitled.  Executive further acknowledges that Executive has been advised by this writing that: (i)
                      Executive should consult with an attorney prior to executing this Agreement; (ii) Executive has up to twenty-one (21) days from the date hereof to consider this Agreement and the General Release attached as Exhibit A (the “Exhibit A
                      Release”), and Executive will have the twenty-one (21) day period ending on January 1, 2019 within which to consider the General Release attached as Exhibit B (the “Exhibit B Release”), although Executive may, at Executive’s
                      discretion, sign and return the appropriate release at any time within such applicable twenty-one (21) day period, in which case Executive waives all rights to the balance of the applicable review period; (iii) Executive has seven (7)
                      days following Executive’s execution of this Agreement and the Exhibit A Release to revoke the Agreement and the Exhibit A Release, and Executive has seven (7) days following Executive’s execution of the Exhibit B Release to revoke
                      the Exhibit B Release (each such period, a “Revocation Period”); (iv) this Agreement, and the ADEA waiver pursuant to the Exhibit A Release, shall not be effective until the Revocation Period with respect to the Exhibit A Release has
                      expired; (v) L3’s obligations under Paragraphs 6.d. through 6.e. of this Agreement, and the ADEA waiver pursuant to the Exhibit B Release, shall not be effective until the Revocation Period with respect to the Exhibit B Release has
                      expired; and (vi) nothing in this Agreement prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition precedent, penalties
                      or costs for doing so, unless specifically authorized by federal law.  Executive agrees that any modifications, material or otherwise, made to this Agreement do not restart or affect in any manner the original 21-day consideration
                      period provided in this paragraph.  Executive acknowledges that if Executive has not returned the signed Agreement and the applicable signed General Release within the time permitted, then the offer of payments and benefits set forth
                      herein will expire by its own terms at such time. Executive also recognizes that revocation of this Agreement and/or either General Release must be in writing and must be delivered to L3’s Senior Vice President and Chief Human
                      Resources Officer (the “CHRO”), by certified mail or courier service (signature of receipt required).

                

        

      

      

      

      
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                	21.	
                  Effective Date.  This Agreement shall not become effective until the eighth
                      (8th) day following the date on which Executive signs this Agreement and the Exhibit A Release (the “Effective Date”), provided Executive has not revoked the Agreement and Exhibit A Release, and Executive acknowledges that no payments
                      or benefits shall be due, owing or paid by or on behalf of L3 unless and until this Agreement and the Exhibit A Release become effective.

                

        

      

      

      

      
        
          	

                	22.	
                  Miscellaneous.  L3 represents that the officer signing this Agreement has the
                      authority to bind each of the entities on whose behalf Executive is signing to the provisions of this Agreement.  This Agreement shall be
                      binding upon and inure to the benefit of L3’s successors and assigns, including any merged or successor entities.  By entering into this Agreement, neither L3 nor Executive admits, and specifically denies, any liability, wrongdoing or
                      violation of any law, statute, regulation or policy, and it is expressly understood and agreed that this Agreement is being entered into solely for the purpose of amicably resolving all matters in controversy of any kind whatsoever
                      concerning Executive’s employment and retirement from that employment.

                

        

      

      

      

      
        
          	

                	23.	
                  Complete Agreement.  Executive acknowledges that, except as expressly set forth
                      herein, this Agreement constitutes the entire agreement between Executive and L3 concerning Executive’s employment and Executive’s retirement, and supersedes all prior and contemporaneous oral and written agreements, understandings
                      and representations, including any oral promises made by anyone at L3.  This Agreement may not be modified or changed except by written instrument executed by both Parties.

                

        

      

      

      

      
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                	24.	
                  Choice of Law; Severability.  This Agreement shall be governed by and construed
                      in accordance with the laws of the State of New York without giving effect to conflict of law principles.  If any provision in this Agreement is
                      held by a court of competent authority to be invalid or unenforceable for any reason, the remaining provisions shall be construed as if the invalid or unenforceable provision had not been included.  In the event that any provision of
                      this Agreement is found by a court of competent authority to be more restrictive than permitted by applicable law, such provision shall be limited to the extent permitted by law.

                

        

      

      

      

      	
              Dated: August 9, 2018

            	
              /s/ Mark R. Von Schwarz

            
	 	
              Mark R. Von Schwarz

            

      

      

      	
              Dated: August 13, 2018

            	
              L3 Technologies, Inc.

            
	 	 	 
	 	
              By:

            	
              /s/ Melanie Heitkamp

            

      	 	
              Name:

            	
              Melanie Heitkamp

            
	 	
              Title:

            	
              Senior Vice President and Chief Human Resources Officer

            

      

      

      
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      EXHIBIT A

      

      

      GENERAL RELEASE

      

      

      L3 Technologies, Inc. (hereinafter, “L3”) and Mark R. Von Schwarz (hereinafter “Executive” or the “Releasor”) have entered into a confidential
          Retirement Agreement (the “Agreement”) dated as of August 1, 2018 concerning the terms and conditions of Executive’s employment and retirement from employment.  Executive has agreed to execute this General Release.  This General Release and the
          Agreement shall be considered together as one document.

      

      

      In consideration for Executive’s signing (and not revoking during the Revocation Period provided for in the Agreement) this General Release, L3
          will provide Executive with the payments and other benefits and obligations described in the Agreement on the terms set forth therein.  These benefits are available to Executive only as consideration for timely signing (and not revoking) the
          Agreement and General Release.

      

      

      Executive, for and in consideration of the payments and other obligations contained in Paragraph 6.a. of the Agreement, and for other good and
          valuable consideration, hereby releases, waives and forever discharges, and by this General Release does release, waive and forever discharge, L3, including any successors and assigns, subsidiaries, affiliates, related entities, and their
          respective officers, directors, stockholders, employees, benefit plan administrators and trustees, agents, attorneys, insurers, representatives, affiliates, successors and assigns (collectively, the “Released Parties”) of and from any and all
          claims, debts, obligations, promises, covenants, agreements, contracts, endorsements, bonds, controversies, suits or causes whatsoever, whether known or unknown, of every kind and nature whatsoever, which may heretofore have existed or which may
          now exist, arising from Executive’s employment with L3, Executive’s retirement from that employment or otherwise, which Executive ever had or now has upon or by reason of any matter, cause or thing, up to and including the day on which Executive
          signs this General Release.  Executive agrees that this General Release constitutes a full, complete and knowing waiver and release of all such claims, whether arising under common law, policy, contract (whether oral or written, express or
          implied), tort law or any other local, state or federal law, regulation or ordinance.   Such released claims include, but are not limited to, all claims or causes of action for discrimination, defamation, libel, personal injury or property damage
          claims, as well as those arising under the Fair Labor Standards Act, the Employee Retirement  Income Security Act of 1974, Title VII of the Civil Rights Act of 1964 as amended, the Civil Rights Act of 1991, the Americans with Disabilities Act of
          1990, the Rehabilitation Act of 1973, Sections 1981 through 1988 of Title 42 of the United States Code, the Age Discrimination in Employment Act of 1967, the Family and Medical Leave Act of 1993, the Equal Pay Act of 1963, the Occupational Safety
          and Health Act of 1970, the New York Human Rights Law, the New York Executive Law, the Administrative Code of the City of New York, the New York Labor Law, the Texas Commission on Human Rights Act/Texas Employment Discrimination Law, the Texas
          Disabilities Discrimination Law, the Texas Labor Code, the Texas whistleblower protection statute, the Texas Minimum Wage Act, the Texas wage payment law, the Dallas Human Rights Ordinance, the Houston Anti-Discrimination Ordinance, and all other
          federal, state and local laws (including the common law) of any type or description relating to employment matters, arising out of or derivative from Executive’s employment with L3, Executive’s retirement from employment with L3 or otherwise.

      

      

      
        Page 15 of 21

        
          

      

      This release of claims includes, but is not limited to, Executive’s waiver and release of any right or claim that Executive may have or assert to
          compensation, wages, overtime, back pay, reinstatement or re-employment, profit sharing and/or equity generally, bonuses, benefits of any kind or any nature arising or derivative from Executive’s employment with L3, Executive’s retirement from
          employment with L3, or otherwise, including but not limited to those arising in tort, contract or any statute.  This General Release is not intended to affect Executive’s rights, if any, to post-termination benefits to which Executive may be
          entitled under L3 benefit plans and in accordance with their terms, Executive’s rights under the Agreement, or claims that cannot be waived as a matter of law.

      

      

      By signing this Agreement and General Release, Executive acknowledges that Executive has relied entirely upon Executive’s own judgment, and that Executive
          has had the opportunity to consult with legal, financial and other personal advisors of Executive’s own choosing in assessing whether to execute this Agreement and General Release.  Executive represents and warrants that no representation,
          statement, promise, inducement, threat or suggestion has been made by L3 or any other Released Parties to influence Executive to sign this Agreement and General Release except such statements as are expressly set forth herein.  Executive
          understands that by signing this Agreement and General Release, Executive is releasing L3 of all claims against it.  Executive has read this Agreement and General Release and understands its terms, Executive has been given a reasonable period of
          time to consider its terms and effect and to ask any questions Executive may have, and Executive voluntarily agrees to the terms of this Agreement and General Release.

      

      

      
        Page 16 of 21

        
          

      

      IN WITNESS WHEREOF, the RELEASOR has hereunto set the RELEASOR’s hand and seal the   
             day of               , 2018.

      

      

      	 	 	 
	 	Mark R. Von Schwarz	 

      

      

      	
              STATE OF 

                

            	 )

            	 
	 	
              :  ss.:

            	 
	
              COUNTY OF 

                

            	 )

            	 

      

      

      On                  , 2018, before me personally came Mark
          R. Von Schwarz, to me known and known to me to be the individual described herein, and who executed the foregoing General Release, and duly acknowledged to me that Executive executed the same.

      

      

      	 	 	 
	 	Notary Public	 
	 	 	 
	

            	 	 

      

      

      
        Page 17 of 21

        
          

      

      EXHIBIT B

      

      

      GENERAL RELEASE

      

      

      L3 Technologies, Inc. (hereinafter, “L3”) and Mark R. Von Schwarz (hereinafter “Executive” or the “Releasor”) have entered into a confidential
          Retirement Agreement (the “Agreement”) dated as of August 1, 2018 concerning the terms and conditions of Executive’s employment and retirement from employment.  Executive has agreed to execute this General Release.  This General Release and the
          Agreement shall be considered together as one document.

      

      

      In consideration for Executive’s signing (and not revoking during the Revocation Period provided for below) this General Release, L3 will provide
          Executive with the payments and other benefits and obligations described in the Agreement on the terms set forth therein.  These benefits are available to Executive only as consideration for timely signing (and not revoking) this General Release.

      

      

      Executive, for and in consideration of the payments and other obligations contained in Paragraph 6.b. of the Agreement, and for other good and
          valuable consideration, hereby releases, waives and forever discharges, and by this General Release does release, waive and forever discharge, L3, including any successors and assigns, subsidiaries, affiliates, related entities,  and their
          respective officers, directors, stockholders, employees, benefit plan administrators and trustees, agents, attorneys, insurers, representatives, affiliates, successors and assigns (collectively, the “Released Parties”) of and from any and all
          claims, debts, obligations, promises, covenants, agreements, contracts, endorsements, bonds, controversies, suits or causes whatsoever, whether known or unknown, of every kind and nature whatsoever, which may heretofore have existed or which may
          now exist, arising from Executive’s employment with L3, Executive’s retirement from that employment or otherwise, which Executive ever had or now has upon or by reason of any matter, cause or thing, up to and including the day on which Executive
          signs this General Release.  Executive agrees that this General Release constitutes a full, complete and knowing waiver and release of all such claims, whether arising under common law, policy, contract (whether oral or written, express or
          implied), tort law or any other local, state or federal law, regulation or ordinance.   Such released claims include, but are not limited to, all claims or causes of action for discrimination, defamation, libel, personal injury or property damage
          claims, as well as those arising under the Fair Labor Standards Act, the Employee Retirement  Income Security Act of 1974, Title VII of the Civil Rights Act of 1964 as amended, the Civil Rights Act of 1991, the Americans with Disabilities Act of
          1990, the Rehabilitation Act of 1973, Sections 1981 through 1988 of Title 42 of the United States Code, the Age Discrimination in Employment Act of 1967, the Family and Medical Leave Act of 1993, the Equal Pay Act of 1963, the Occupational Safety
          and Health Act of 1970, the New York Human Rights Law, the New York Executive Law, the Administrative Code of the City of New York, the New York Labor Law, the Texas Commission on Human Rights Act/Texas Employment Discrimination Law, the Texas
          Disabilities Discrimination Law, the Texas Labor Code, the Texas whistleblower protection statute, the Texas Minimum Wage Act, the Texas wage payment law, the Dallas Human Rights Ordinance, the Houston Anti-Discrimination Ordinance, and all other
          federal, state and local laws (including the common law) of any type or description relating to employment matters, arising out of or derivative from Executive’s employment with L3, Executive’s retirement from employment with L3 or otherwise.

      

      

      
        Page 18 of 21

        
          

      

      This release of claims includes, but is not limited to, Executive’s waiver and release of any right or claim that Executive may have or assert to
          compensation, wages, overtime, back pay, reinstatement or re-employment, profit sharing and/or equity generally, bonuses, benefits of any kind or any nature arising or derivative from Executive’s employment with L3, Executive’s retirement from
          employment with L3, or otherwise, including but not limited to those arising in tort, contract or any statute.  This General Release is not intended to affect Executive’s rights, if any, to post-termination benefits to which Executive may be
          entitled under L3 benefit plans and in accordance with their terms, Executive’s rights under the Agreement, or claims that cannot be waived as a matter of law.

      

      

      Executive acknowledges that Executive is waiving and releasing any rights Executive may have under the Age Discrimination in Employment Act
          (“ADEA”) and that this waiver and release is knowing and voluntary.  Executive acknowledges that the consideration given for this General Release is in addition to anything of value to which Executive is already entitled.  Executive further
          acknowledges that Executive has been advised by this writing that: (i) Executive should consult with an attorney prior to executing this General Release; (ii) Executive has the twenty-one (21) day period ending on January 1, 2019 within which to
          consider this General Release, although Executive may, at Executive’s discretion, sign and return the General Release at any time within such twenty-one (21) day period, in which case Executive waives all rights to the balance of this twenty-one
          (21) day review period; (iii) Executive has seven (7) days following Executive’s execution of this General Release to revoke this General Release (the “Revocation Period”); (iv) this General Release, including the ADEA waiver, shall not be
          effective until the Revocation Period has expired; and (v) nothing in the Agreement or the General Release prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA,
          nor does it impose any condition precedent, penalties or costs for doing so, unless specifically authorized by federal law.  Executive acknowledges that if Executive has not returned the signed General Release within the time permitted, then the
          offer of payments and benefits set forth in Paragraph 6.b. of the Agreement will expire by its own terms at such time.  Executive also recognizes that revocation of this General Release must be in writing and must be delivered to the CHRO, by certified mail or courier service (signature of receipt required).

      

      

      
        Page 19 of 21

        
          

      

      This General Release shall not become effective until the eighth (8th) day following the date on which Executive signs this General
          Release (the “Exhibit B Effective Date”), provided Executive has not revoked this General Release, and Executive acknowledges that no payments or benefits under Paragraph 6.b. of the Agreement shall be due, owing or paid by or on behalf of L3
          unless and until this General Release becomes effective.

      

      

      With the exception of any of the claims, complaints or communications described in Paragraph 9.d. of the Agreement, Executive represents and
          warrants that Executive has not instituted any action, complaint, charge, arbitration or any similar proceeding against L3 or the Released Parties based upon any conduct up to and including the date of this General Release.  Executive further
          represents and warrants that Executive has complied and will continue to comply with the terms of the Agreement, including but not limited to Paragraphs 9 through 14 thereof, and also that Executive has returned to L3 all of its property,
          equipment, credit cards, documents and records, including materials generated or collected by Executive during the course of Executive’s employment and including Confidential Information, all of which are the property of L3.

      

      

      By signing this General Release, Executive acknowledges that Executive has relied entirely upon Executive’s own judgment, and that Executive has
          had the opportunity to consult with legal, financial and other personal advisors of Executive’s own choosing in assessing whether to execute this General Release.  Executive represents and warrants that no representation, statement, promise,
          inducement, threat or suggestion has been made by L3 or any other Released Parties to influence Executive to sign this General Release except such statements as are expressly set forth herein.  Executive understands that by signing this General
          Release, Executive is releasing L3 of all claims against it.  Executive has read this General Release and understands its terms, Executive has been given a reasonable period of time to consider its terms and effect and to ask any questions
          Executive may have, and Executive voluntarily agrees to the terms of this General Release.

      

      

      
        Page 20 of 21

        
          

      

      IN WITNESS WHEREOF, the RELEASOR has hereunto set the RELEASOR’s hand and seal the       day of                , 2018.

      

      

      	 	
              

              

            	 
	 	
              Mark R. Von Schwarz

            	 

      

      

      

      

      	
              STATE OF

                

            	
              )

            	 
	 	
              :  ss.:

            	 
	
              COUNTY OF

                

            	
              )

            	 

      

      

      On                  , 2018, before me personally came Mark R. Von Schwarz, to me known and known to me to be the individual described
          herein, and who executed the foregoing General Release, and duly acknowledged to me that Executive executed the same.

      

      

      	 	
              

              

            	 
	 	
              Notary Public

            	 

       

      

       

      

       Page 21 of 21Form of 3.936% Senior Notes due 2023

 Exhibit 4.1 

[FORM OF 3.936% SENIOR NOTES DUE 2023] 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERENCED AND REGISTERED IN THE NAME OF A DEPOSITORY OR A
NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE FORM IN ACCORDANCE WITH THE PROVISIONS OF THE INDENTURE AND THE TERMS OF THIS SECURITY, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE TO
NOMINEES OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE. TRANSFER OF A PORTION OF THIS SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE. IN THE EVENT THAT THIS GLOBAL SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, ALL SUCH INDIVIDUAL SECURITIES IN THE FORM OF DEFINITIVE CERTIFICATES SHALL CONTAIN
THE BELOW LEGEND WITH RESPECT TO JAPANESE TAXATION. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF DTC, TO
SUMITOMO MITSUI FINANCIAL GROUP, INC. (THE “ISSUER”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN EXCHANGE FOR THIS CERTIFICATE OR ANY PORTION HEREOF 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. 

INTEREST PAYMENTS ON THIS SECURITY WILL BE SUBJECT TO JAPANESE WITHHOLDING TAX UNLESS IT IS ESTABLISHED THAT THIS SECURITY IS HELD BY OR FOR
THE ACCOUNT OF A BENEFICIAL OWNER THAT IS (I) FOR JAPANESE TAX PURPOSES, NEITHER AN INDIVIDUAL RESIDENT OF JAPAN OR A JAPANESE CORPORATION, NOR AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A NON-JAPANESE CORPORATION THAT IN EITHER CASE IS A PERSON HAVING A SPECIAL RELATIONSHIP WITH THE ISSUER AS DESCRIBED IN ARTICLE 6, PARAGRAPH (4) OF THE ACT ON SPECIAL MEASURES CONCERNING TAXATION OF JAPAN (ACT
NO. 26 OF 1957, AS AMENDED) (THE “SPECIAL TAXATION MEASURES ACT” AND, EACH SUCH PERSON, A “SPECIALLY-RELATED PERSON OF THE ISSUER”), (II) A JAPANESE FINANCIAL INSTITUTION DESIGNATED IN ARTICLE 6, PARAGRAPH
(9) OF THE SPECIAL TAXATION MEASURES ACT WHICH COMPLIES WITH THE REQUIREMENT FOR TAX EXEMPTION UNDER THAT PARAGRAPH OR (III) A JAPANESE PUBLIC CORPORATION, FINANCIAL INSTITUTION OR FINANCIAL INSTRUMENTS BUSINESS OPERATOR DESCRIBED IN
ARTICLE 3-3, PARAGRAPH (6) OF THE SPECIAL TAXATION MEASURES ACT WHICH COMPLIES WITH THE REQUIREMENT FOR TAX EXEMPTION UNDER THAT PARAGRAPH. 

INTEREST PAYMENTS ON THIS SECURITY TO AN INDIVIDUAL RESIDENT OF JAPAN, TO A JAPANESE CORPORATION (EXCEPT AS DESCRIBED IN THE PRECEDING
PARAGRAPH), OR TO AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A NON-JAPANESE CORPORATION THAT IN EITHER CASE IS A SPECIALLY-RELATED PERSON OF THE ISSUER WILL BE SUBJECT TO
DEDUCTION IN RESPECT OF JAPANESE INCOME TAX AT A RATE OF 15.315% (15% ON OR AFTER JANUARY 1, 2038) OF THE AMOUNT OF SUCH INTEREST. 

 SUMITOMO MITSUI FINANCIAL GROUP, INC. 

GLOBAL SECURITY 
 3.936% Senior
Notes due 2023 
  

			
	No. [    ]	  	U.S.$[            ]
	CUSIP No. 86562M BF6	  	
	ISIN US86562MBF68	  	
	Common Code 187964067	  	

 Sumitomo Mitsui Financial Group, Inc., a joint stock company (kabushiki kaisha) incorporated under the
laws of Japan (the “Issuer”, which term includes any successor under the Indenture referred to on the reverse of this Security) for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal
sum of [        ] U.S. Dollars on October 16, 2023 and to pay interest thereon from October 16, 2018 or from the most recent interest payment date to which interest has been paid or duly provided
for, semiannually in arrears on April 16 and October 16 in each year (each, an “Interest Payment Date”) commencing April 16, 2019 at the rate per annum of 3.936%, until the principal hereof is paid or made
available for payment, all subject to and in accordance with the terms of the Indenture. The semiannual interest to be paid on the Securities will amount to U.S.$19.68 per U.S.$1,000 in nominal amount of the Securities. 

For the purposes of this Security, the term “Business Day” means any day which is not a day on which banking institutions in
The City of New York, London or Tokyo are authorized or required by law, regulation or executive order to close. 
 The interest so payable,
and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the person in whose name this Security is registered as of the close of business on the fifteenth day before the Interest Payment
Date (whether or not a Business Day). If and to the extent the Issuer shall default in the payment of the interest due on such Interest Payment Date, such defaulted interest shall be paid to the person in whose name this Security is registered at
the close of business on a subsequent record date (which date shall not be less than five Business Days prior to the date of payment of such defaulted interest), established by notice given by mail by or on behalf of the Issuer to the Holder of this
Security not less than 15 days preceding such subsequent record date. Interest on this Security will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed
on the basis of a 360-day year consisting of twelve 30-day months. If any payment is due on the Securities on a day that is not a Business Day, payment will be made on
the day that is the next succeeding Business Day without any additional interest as a result of such delay. Payments postponed to the next Business Day in this situation will be treated under the Indenture as if they were made on the original due
date. Postponement of this kind will not result in a default under the Securities or the Indenture, and no interest will accrue on the postponed amount from the original due date to the next succeeding day that is a Business Day. 

  
 1 

 The principal of, and interest and Additional Amounts on, the Securities will be payable in
U.S. dollars. The Issuer will cause the Trustee, or the paying agent, if any, to pay such amounts, on the dates payment is to be made, directly to The Depository Trust Company (“DTC”). 

The Issuer will pay the Holder hereof Additional Amounts with respect to withholding taxes as are provided for, and subject to the conditions
stated, on the reverse of this Security. 
 This Security is being deposited with DTC acting as depository, and registered in the name of
Cede & Co., a nominee of DTC. As Holder of record of this Security, Cede & Co. shall be entitled to receive payments of principal and interest. Payments of principal and interest, including any Additional Amounts, on this Security
shall be made in the manner specified on the reverse hereof and, to the extent not inconsistent with the provisions set forth herein, in the Indenture referred herein. 

The Securities constitute the direct, unconditional, unsecured and unsubordinated general obligations of the Issuer and shall at all times
rank pari passu without any preference among themselves and with all other unsecured obligations of the Issuer, other than subordinated obligations of the Issuer and except for statutorily preferred obligations. The Securities are not
redeemable prior to maturity, except as set forth on the reverse of this Security and will not be subject to any sinking fund. 
 Reference
is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been manually executed by or on behalf of the Trustee under the Indenture, this Security
shall not be entitled to any benefits under the Indenture or be valid or obligatory for any purpose. 

  
 2 

 IN WITNESS WHEREOF, the Issuer has caused this Security to be duly executed. 

Date: October     , 2018 
  

			
	 SUMITOMO MITSUI FINANCIAL
GROUP, INC.

		
	 By:
	 	  

		 	Name:  [                    ]
		 	Title:    [                    ]

 [Signature page to Global Security 5-year Note No.
[    ]] 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

Date: October     , 2018 
  

			
	The Bank of New York Mellon, as Trustee
		
	By:	 	  

		 	 Authorized Signatory

 [Authentication Certificate: Global Security 5-year Note No.
[    ]] 

 [REVERSE OF SECURITY] 

Sumitomo Mitsui Financial Group, Inc. 

3.936% Senior Notes due 2023 

This Security is one of a duly authorized issue of unsecured bonds, debentures, notes or other evidences of indebtedness of Sumitomo Mitsui
Financial Group, Inc., a joint stock company (kabushiki kaisha) organized under the laws of Japan (herein called the “Issuer”, which term includes any successor person under the Indenture hereinafter referred) designated as
its 3.936% Senior Notes due 2023 (herein called the “Securities”), issued under and pursuant to a senior indenture dated as of March 9, 2016 (hereinafter called the “Indenture”), between the Issuer and The Bank
of New York Mellon, as trustee (herein called the “Trustee”, which term includes any successor trustee under the Indenture), to which Indenture and any other indentures supplemental thereto reference is hereby made for a statement
of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee and any agent of the Trustee, any paying agent, the Issuer and the Holders of the Securities and of the terms upon which the Securities are
issued and are to be authenticated and delivered. 
 This Security is one of the series designated on the face hereof. By the terms of the
Indenture, additional Securities of this series and of other separate series, which may vary as to denomination, date, amount, stated maturity (if any), interest rate or method of calculating the interest rate and in other respects as therein
provided, may be issued in an unlimited amount. 
 The principal of and interest (and any Additional Amounts) on the Securities shall be
payable in U.S. Dollars or in such other coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts. So long as any of the Securities are held in global form, payments of
principal and interest on such Securities shall be made by wire transfer in immediately available funds in U.S. Dollars to a bank account in The City of New York designated by the Holder of this Registered Global Security. Otherwise, (i) the
principal amount of the Securities will be payable by check, drawn on a bank in The City of New York, upon the presentation and surrender of the Securities at the Corporate Trust Office of the Trustee or at any office or agency maintained by the
Issuer for such purpose and (ii) interest on the Securities will be payable by check, drawn on a bank in The City of New York, mailed to the persons in whose names the Securities are registered as of the close of business on the record date
which is at least five Business Days preceding the applicable Interest Payment Date (or the subsequent record date in the case of a defaulted interest payment) at the addresses of such persons as shall appear in the Security register of the Issuer;
provided, however, that at the option of a Holder in whose name at least U.S.$1,000,000 principal amount of Securities are registered, all payments in respect of the Securities may be received by wire transfer in immediately available funds to a
bank account in The City of New York designated by such Holder in a written notice received by the Trustee (a) in the case of an interest payment, prior to the record date which is at least five Business Days preceding the Interest Payment Date
on which such payment is due and (b) in the case of payment of principal, prior to the record date which is at least five Business Days preceding the date of redemption or maturity, as the case may be; provided, however, that in the case of
such a payment of principal, the Securities shall have been surrendered to the Trustee at the Corporate Trust Office of the Trustee or at any office or agency maintained by the Issuer for such purpose for payment together with such notice. 

  
 1 

 All payments of principal and interest in respect of the Securities will be made by the
Issuer without withholding or deduction for or on account of any present or future taxes, duties, assessments or other governmental charges of whatever nature imposed or levied by or on behalf of Japan, or any authority thereof or therein having
power to tax (“Taxes”) unless such withholding or deduction is required by law. In such event, the Issuer shall pay to a Holder such additional amounts (“Additional Amounts”) as will result in the receipt by the
Holder of such amounts as would have been received by it had no such withholding or deduction been required, except that no such Additional Amounts shall be payable with respect to any Securities under any of the following circumstances: 

 

	 	(i)	 the Holder or beneficial owner of the Securities is an individual
non-resident of Japan or a non-Japanese corporation and is liable for such Taxes in respect of such Securities by reason of its (A) having some connection with
Japan other than the mere holding of such Securities or (B) being a person having a special relationship with the Issuer as described in Article 6, paragraph (4) of the Act on Special Measures Concerning Taxation of Japan (Act No. 26
of 1957, as amended) (the “Special Taxation Measures Act” and, each such person, a “specially-related person of the Issuer”); 

 

	 	(ii)	 the Holder or beneficial owner of the Securities would otherwise be exempt from any such withholding or
deduction but fails to comply with any applicable requirement to provide Interest Recipient Information (as defined below) or to submit a Tax Exemption Application (as defined below) to the relevant paying agent to whom the relevant Securities are
presented (where presentation is required), or whose Interest Recipient Information is not duly communicated through the relevant Participant (as defined below) and the relevant international Clearing Organization to such paying agent;

  

	 	(iii)	 the Holder or beneficial owner of the Securities is for Japanese tax purposes treated as an individual resident
of Japan or a Japanese corporation (except for (A) a Designated Financial Institution (as defined below) that complies with the requirement to provide Interest Recipient Information or to submit a Tax Exemption Application and (B) an
individual resident of Japan or a Japanese corporation that duly notifies (directly or through the relevant Participant or otherwise) the relevant paying agent of its status as not being subject to withholding or deduction by the Issuer by reason of
receipt by such individual resident of Japan or Japanese corporation of interest on the relevant Securities through a payment handling agent in Japan appointed by it); 

  
 2 

	 	(iv)	 the withholding or deduction is imposed on a payment pursuant to the European Council Directive 2003/48/EC or
any other directive amending, supplementing or implementing such Directive, or any law implementing such directive; 

  

	 	(v)	 the Securities are presented for payment (where presentation is required) more than 30 days after the day on
which such payment on the Securities became due or after the full payment was provided for, whichever occurs later, except to the extent that the Holder thereof would have been entitled to Additional Amounts on presenting the same for payment on the
last day of such period of 30 days; 

  

	 	(vi)	 the withholding or deduction is imposed on a Holder or beneficial owner who could have avoided such withholding
or deduction by presenting its Securities (where presentation is required) to another paying agent maintained by the Issuer; 

  

	 	(vii)	 the Holder is a fiduciary or partnership or is not the sole beneficial owner of the payment of the principal
of, or any interest on, any Security, and Japanese law requires the payment to be included for tax purposes in the income of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner, in each case,
who would not have been entitled to such Additional Amounts had it been the Holder of such Security; or 

  

	 	(viii)	 any combination of the above. 

No Additional Amounts will be payable for or on account of any deduction or withholding imposed pursuant to Sections 1471-1474 of the U.S.
Internal Revenue Code and the U.S. Treasury regulations thereunder (“FATCA”), any intergovernmental agreement entered into with respect to FATCA, or any law, regulation or other official guidance enacted or published in any
jurisdiction implementing, or relating to, FATCA or any intergovernmental agreement. 
 Where Securities are held through a participant of
an international Clearing Organization or a financial intermediary (each, a “Participant”), in order to receive payments free of withholding or deduction by the Issuer for or on account of Taxes, if the relevant beneficial owner is
(A) an individual non-resident of Japan or a non-Japanese corporation (other than a specially-related person of the Issuer) or (B) a Japanese financial
institution falling under certain categories prescribed by the Special Taxation Measures Act (a “Designated Financial Institution”), each such beneficial owner shall, at the time of entrusting a Participant with the custody of the
relevant Securities, provide certain information prescribed by the Special Taxation Measures Act to enable the Participant to establish that such beneficial owner is exempted from the requirement for withholding or deduction of such Taxes
(“Interest Recipient Information”), and advise the Participant if the beneficial owner ceases to be so exempted (including the case in which a beneficial owner who is an individual
non-resident of Japan or a non-Japanese corporation becomes a specially-related person of the Issuer). 

  
 3 

 Where Securities are not held through a Participant, in order to receive payments free of
withholding or deduction by the Issuer for, or on account of, Taxes, if the relevant beneficial owner is (A) an individual non-resident of Japan or a non-Japanese
corporation (other than a specially-related person of the Issuer) or (B) a Designated Financial Institution, each such beneficial owner shall, prior to each time at which it receives interest, submit to the relevant paying agent a written
application for tax exemption (hikazei tekiyo shinkokusho) (a “Tax Exemption Application”), in a form obtainable from the paying agent stating, inter alia, the name and address (and, if applicable, the Japanese
individual or corporation ID number) of the beneficial owner, the title of the Securities, the relevant Interest Payment Date, the amount of interest and the fact that the beneficial owner is qualified to submit the Tax Exemption Application,
together with documentary evidence regarding its identity and residence. 
 By subscribing to the Securities as part of the distribution by
the underwriters under the applicable underwriting agreement, an investor shall be deemed to have represented that it is a beneficial owner who is, (i) for Japanese tax purposes, neither an individual resident of Japan or a Japanese
corporation, nor an individual non-resident of Japan or a non-Japanese corporation that in either case is a specially-related person of the Issuer or (ii) a
Japanese financial institution, designated in Article 6, Paragraph (9) of the Special Taxation Measures Act. 
 The Issuer shall make
any required withholding or deduction and remit the full amount withheld or deducted to the Japanese taxing authority in accordance with applicable law. The Issuer shall use reasonable efforts to obtain certified copies of tax receipts evidencing
the payment of any tax, duty, assessment, fee or other governmental charge so withheld or deducted from the Japanese taxing authority imposing such tax, duty, assessment or other governmental charge, and if certified copies are not available, the
Issuer shall use reasonable efforts to obtain other evidence satisfactory to the Trustee, and the Trustee shall make such certified copies or other evidence available to the Holders upon reasonable request to the Trustee. 

If (i) subsequent to making a payment on this Security without withholding or deduction of Japanese taxes the Issuer is required to remit
to the Japanese taxing authority any amount in respect of Japanese taxes that should have been withheld or deducted from such payment (together with any interest and penalties) due to the failure of the beneficial owner to provide accurate Interest
Recipient Information or to otherwise properly claim an exemption from Japanese taxes imposed with respect to such payment, and (ii) such beneficial owner would not have been entitled to receive Additional Amounts with respect to such payment
had Japanese taxes been withheld from the payment when it was made, such beneficial owner (but not any subsequent beneficial owner of such Security) shall be required to reimburse the Issuer, in Japanese yen, for the amount remitted by the Issuer to
the Japanese taxing authority. 

  
 4 

 The obligation to pay Additional Amounts with respect to any taxes, duties, assessments or
other governmental charges shall not apply to (A) any estate, inheritance, gift, sales, transfer, personal property or any similar tax, duty, assessment, fee or other governmental charge or (B) any tax, duty, assessment, fee or other
governmental charge which is payable otherwise than by withholding or deduction from payments of principal of or interest on this Security; provided that, except as otherwise set forth herein and in the Indenture, the Issuer shall pay all stamp,
court or documentary taxes or any excise or property taxes, charges or similar levies and other duties, if any, which may be imposed by Japan, the United States or any political subdivision or any taxing authority thereof or therein, with respect to
the execution and enforcement of the Indenture or as a consequence of the initial issuance, execution, delivery or registration of this Security. 

The Securities may be redeemed at the option of the Issuer, in whole, but not in part, subject to prior confirmation of the FSA, if such
confirmation is required under applicable Japanese laws or regulations then in effect, at any time, on giving not less than 30 nor more than 60 days’ notice of redemption to the Holders of the series to be redeemed (which notice shall be
irrevocable and shall conform to all requirements with respect to such notice as set forth in the Indenture) at a redemption price equal to 100% of the principal amount of the Securities together with any accrued and unpaid interest (including
Additional Amounts with respect thereto, if any) to (but excluding) the date fixed for redemption, if the Issuer is or will be obliged to pay Additional Amounts as a result of any change in, or amendment to, the laws or regulations of Japan or any
political subdivision or any authority thereof or therein having power to tax, or any change in application or official interpretation of such laws or regulations, which change or amendment becomes effective on or after the date of the issuance of
the relevant series of Securities and such obligation cannot be avoided by the Issuer through the taking of reasonable measures available to the Issuer; provided, that no such notice of redemption shall be given sooner than 90 days prior to the
earliest date on which the Issuer would be obliged to pay such Additional Amounts were a payment then due in respect of the relevant Securities. 

Notwithstanding anything to the contrary in the Indenture or the Securities, each Holder and the Trustee acknowledge, consent and agree
(a) for a period of 30 days from and including the date upon which the Prime Minister of Japan confirms that Specified Item 2 Measures (tokutei dai nigo sochi) should be applied to the Issuer, not to initiate any action to attach any of
the Issuer’s assets, the attachment of which has been prohibited by designation of the Prime Minister of Japan pursuant to Article 126-16 of the Deposit Insurance Act, and (b) to any transfer of the
Issuer’s assets (including shares of the Issuer’s subsidiaries) or liabilities, or any portions thereof, with permission of a Japanese court in accordance with Article 126-13 of the Deposit Insurance
Act, including any such transfer made pursuant to the authority of the Deposit Insurance Corporation of Japan to represent and manage and dispose of the Issuer’s assets under Article 126-5 of the Deposit
Insurance Act, and that any such transfer shall not constitute a sale or disposal of the Issuer’s properties or assets for the purpose of Article 8 of the Indenture. 

  
 5 

 The Issuer shall, as soon as practicable after the Prime Minister of Japan has confirmed
that Specified Item 2 Measures (tokutei dai nigo sochi) should be applied to the Issuer or a Japanese court has publicly announced that it has granted permission to a transfer of the Issuer’s assets (including shares of the Issuer’s
subsidiaries) or liabilities, or any portions thereof, in accordance with Article 126-13 of the Deposit Insurance Act, deliver a written notice of such event to the Holders and beneficial owners of the
Securities through DTC and to the Trustee. Any failure or delay by the Issuer to provide such written notice shall not change or delay the effect of the acknowledgement, consent and agreement described in the preceding paragraph. 

A Holder of Securities issued in definitive form may transfer or exchange Securities in accordance with the Indenture. As described in the
legend on the face of this global Security, interest payments on such Securities issued in definitive form will be subject to Japanese income taxation unless the Holder establishes the matters set forth therein. Such legend concerning Japanese
taxation shall also be included on the face of any Securities issued in definitive form. The security registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents, and to pay any
taxes and fees required by law or permitted by the Indenture. The Issuer will treat the registered Holder of a Security as the owner of that Security for all purposes, except as described above. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of
the Securities at the time Outstanding of all series to be affected (voting as one class). The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of each series at the
time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Issuer with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver
by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not
notation of such consent or waiver is made upon this Security. 
 As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable, upon surrender of this Security for registration of transfer at the office or agency of the Issuer in any place where the principal of and interest on this Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Issuer and the security registrar duly executed by, the Holder hereof or his attorney duly authorized in writing and thereupon one or more new Securities of this
series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

  
 6 

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

No service charge shall be made for any such registration of transfer or exchange; provided, however, the Issuer may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
 Prior to due presentment of this
Security for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may deem and treat the person in whose name this Security is registered upon the Security register as the owner hereof for all purposes,
whether or not this Security be overdue, and neither the Issuer nor the Trustee nor any such agent shall be affected by notice to the contrary. 

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

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

All capitalized terms used and not defined herein shall have the meanings assigned to them in the Indenture. 

  
 7

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