Document:

Exhibit 10.1

 

Consulting Services Agreement

 

THIS CONSULTING SERVICES AGREEMENT is entered
into as of March 10, 2015, by and between SMG Indium Resources Ltd., a Delaware corporation (the “Company”),
and Nano-Cap Advisors LLC (“Consultant”).

 

Background

 

The Company wishes to obtain the services
of Consultant for certain purposes, and Consultant wishes to provide such services, all subject to the terms and conditions of
this Agreement.

 

NOW, THEREFORE, in consideration of the
mutual promises hereinafter set forth, and intending to be legally bound, the Company and Consultant hereby agree as follows:

 

1.             Services to Be Provided. During the term of this Agreement, Consultant shall perform for the Company the services
described on Exhibit A attached hereto and made a part hereof (the “Services”).

 

2.             Term. The initial term of this Agreement shall be described on Exhibit A attached hereto and made part hereof
(“Term”).

 

3.             Compensation; No Benefits.

 

(a)               
The compensation for Consultant’s performance of the Services to be performed by Consultant under this Agreement is
specified in Exhibit A attached hereto.

 

(b)              
Consultant is not an employee of the Company and will not be entitled to participate in or receive any benefit or right
as a Company employee under any Company employee benefit and pension plans, including, without limitation, employee insurance,
pension, savings and security plans, as a result of entering into this Agreement. Consultant is responsible for all income taxes,
employment taxes and workers’ compensation insurance associated with the compensation received under this Agreement and agrees
that the Company will not withhold or pay any of the foregoing in connection with Consultant’s services to the Company hereunder.

 

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4.             Independent Contractor; Performance. For purposes of this Agreement and all Services to be provided hereunder, Consultant
shall not be considered a partner, co-venturer, agent, employee or representative of the Company, but shall remain in all respects
an independent contractor, and neither party shall have any right or authority to make or undertake any promise, warranty or representation,
to execute any contract, or otherwise to assume any obligation or responsibility in the name of or on behalf of the other party.
The Consultant shall provide the Services in compliance with all applicable laws, and without limiting the foregoing, confirms
to the Company that (a) it will not take any action in performing the Services that would cause it to be required to register as
(i) a broker as defined in Section 3(a) (4) of the Securities Exchange Act of 1934 or (ii) an investment adviser as defined in
Section 202(a)(11) of the Investment Adviser Act of 1940, or (iii) as a broker or dealer or adviser or agent or similar concept
in any state in which the Company offers securities as part of a Qualified Financing; and (b) it is not acting in any such capacities
for or on behalf of the Company.

 

5.             Confidentiality. The Consultant shall not disclose any confidential information relating to the business and financial
affairs of the Company to any person or entity other than authorized employees of the Company, or use the same for any purposes
(other than as necessary in the performance of the Consultant’s duties as an independent contractor for the Company) without
written approval by an officer of the Company. “Confidential Information” includes, without limitation, all information
of a private, secret or confidential nature, whether or not in written form, relating to the Company’s business and financial
affairs and the business and financial affairs of the Company’s clients, and which has not been made available to the general
public by the Company, including without limitation, inventions, trade secrets, processes, techniques, formulas, compositions,
computer programs, system and component designs, specifications, computer software, technical or non-technical data, financial
data (including profits, sales costs and price information), personnel data, personnel files, pricing strategies, lists or knowledge
of actual or potential clients, customers, and suppliers, or any marketing or product information. The Consultant agrees not to
use any such Confidential Information other than as authorized, for the benefit of the Company. The Consultant shall use reasonable
care to safeguard from loss or misapplication all Confidential Information which comes into such Consultant’s possession
or control.

 

6.             Termination. Notwithstanding the provisions of Section 2, the Company may terminate this Agreement (a) for any reason
whatsoever upon thirty (30) days’ prior written notice to Consultant, and (b) immediately upon written notice to Consultant,
if any of the Services is performed or is being performed in an unsatisfactory manner, as determined by the Company in its discretion.
Within five (5) days after any termination of this Agreement, Consultant shall deliver to the Company all Work Product resulting
from the performance of the Services.

 

7.             No Conflicting Agreements; Nonexclusive Engagement.

 

(a)               
Consultant will not enter into any agreement that is in conflict with Consultant’s obligations under this Agreement.
Subject to the foregoing, Consultant may from time to time act as a consultant to, perform professional services for, or enter
into agreements similar to this Agreement with other persons or entities without the necessity of obtaining approval from the Company.

 

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(b)              
The Company may from time to time (i) engage other persons and entities to act as consultants to the Company and perform
services for the Company, including services that are similar to the Services, and (ii) enter into agreements similar to this Agreement
with other persons or entities, in all cases without the necessity of obtaining approval from Consultant.

 

8.             Return of Company Property. Except as otherwise expressly provided in Section 6, promptly upon the expiration or
termination of this Agreement, or earlier if requested by the Company, Consultant shall deliver to the Company (and will not keep
in Consultant’s possession or deliver to anyone else) all Confidential Information.

 

9.             Arbitration and Equitable Relief.

 

(a)               
Arbitration. Except as provided in Section 9(b) below, Consultant and the Company agree that any dispute or controversy
arising out of or relating to any interpretation, construction, performance or breach of this Agreement shall be settled by final
and binding arbitration in accordance with the commercial arbitration rules of the American Arbitration Association (“AAA").
The arbitration will be conducted in New Jersey by one arbitrator. The decision of the arbitrator will be final and binding upon
the parties hereto, and may be entered in any competent court for judicial acceptance of such an award and order of enforcement.
The proceedings will be conducted and all documentation will be presented in English. Where the rules of the AAA are silent, the
laws of the New York, including procedural and evidentiary laws and rules, will control. The award will be rendered within sixty
(60) days of the conclusion of the arbitration hearing. The arbitrator may grant injunctions or other relief in such dispute or
controversy.

 

(b)              
Equitable Remedies. Consultant agrees that it would be impossible or inadequate to measure and calculate the Company’s
damages from any breach of the covenants set forth in Section 8 of this Agreement. Accordingly, Consultant and the Company agree
that if Consultant breaches or is accused of breaching any of such covenants, the Company will have available, in addition to any
other right or remedy available, the right to seek an injunction from a court of competent jurisdiction restraining such breach
or threatened breach and to order specific performance of any such provision of this Agreement, and Consultant will have available
the right to seek declaratory relief from a court of competent jurisdiction regarding such alleged breach or threatened breach.
Consultant further agrees that no bond or other security shall be required in obtaining such equitable relief and Consultant hereby
consents to the issuance of such injunction and to the ordering of such specific performance.

 

10.           Entire Agreement; Amendment and Assignment. This Agreement is the sole agreement between Consultant and the Company
with respect to the Services to be performed hereunder and supersedes all prior agreements and understandings with respect thereto,
whether oral or written. No modification to any provision of this Agreement shall be binding unless in writing and signed by both
Consultant and the Company. No waiver of any rights under this Agreement will be effective unless in writing signed by the party
to be charged. All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable
by the respective heirs, executors, administrators, legal representatives, successors and assigns of the parties hereto, except
that the duties and responsibilities of Consultant hereunder are of a personal nature and shall not be assignable or delegable
in whole or in part by Consultant.

 

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11.           Governing Law. Except as otherwise provided in Section 9, this Agreement shall be governed by and interpreted in
accordance with the laws of the State of Delaware, without giving effect to any conflict of laws provisions.

 

12.           Indemnification. The Consultant agrees to indemnify, defend and hold harmless the Company, its subsidiaries, affiliates,
officers, members, shareholders, directors, employees, representatives, attorneys, agents, successors and assigns, from any and
all losses, allegations, liabilities, claims, costs, damages and expenses (including reasonable attorneys’ fees) (collectively,
“Claims”) arising from, related to or connected with (i) the provision of Services hereunder, (ii) any act or omission
of the Consultant, its employees and agents, (iii) the employment of the Consultant’s personnel, including, without limitation,
Claims concerning employment discrimination, and wage and hour, medical leave and/or labor law violations, including, without limitation,
death at any time resulting therefrom, sustained by any employee of the Consultant while engaged in the performance of the Services
under this Agreement; and (iv) any alleged or actual violation of a federal, state or local statute or regulation.

 

13.           Notices. All notices and other communications required or permitted hereunder or necessary or convenient in connection
herewith shall be in writing and shall be deemed to have been given when hand-delivered, sent by facsimile or mailed by registered
or certified mail, as follows (provided that notice of change of address shall be deemed given only when received):

 

If to the Company, to:

 

SMG Indium Resources Ltd.

176 LaGuardia Avenue.

Staten Island, New York 10314

 

 

If to Consultant, to:

 

Nano-Cap Advisors LLC

176 LaGuardia Avenue.

Staten Island, New York 10314

Attn: Ailon Z. Grushkin

 

or to such other names or addresses as the Company or Consultant, as the case may be, shall designate by notice to each other person
entitled to receive notices in the manner specified in this section.

 

14.           Counterparts. This Agreement shall become binding when any one or more counterparts hereof, individually or taken
together, shall bear the signatures of Consultant and the Company. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

 

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15.           Severability. If any provision of this Agreement or application thereof to anyone or under any circumstances is adjudicated
to be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect any other provision or
application of this Agreement that can be given effect without such invalid or unenforceable provision or application in any other
jurisdiction.

 

[Signature Page
Follows]

 

 

 

 

 

 

 

 

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IN WITNESS WHEREOF, the undersigned, intending
to be legally bound, have duly executed this Agreement as of the date first above written.

 

	 	SMG INDIUM RESOURCES LTD.
	 	 
	 	By: /s/ Mary E. Patezold                   
	 	 
	 	Name:  Mary E. Paetzold
	 	 
	 	Title:    Chief Financial Officer
	 	 
	 	 
	 	CONSULTANT
	 	 
	 	By: /s/ Ailon Z. Grushkin                  
	 	 
	 	Name:  Ailon Z. Grushkin
	 	 
	 	Title:    Member

 

 

 

 

 

 

 

 

 

Signature Page to Consulting Services Agreement

 

    	 

    	 

    

 

Exhibit A

 

Description of Services; Compensation

 

1.Services

 

Consultant shall provide services normally
provided by a chief executive officer of the Company as determined and directed by the Company. Consultant shall also provide office
space for the Company. 

 

2.Term 

 

The term shall commence on March 10,
2015 and shall continue until December 31, 2015 and shall thereafter renew for successive one year terms unless otherwise terminated
by either party in accordance herewith.

 

3.Fee Schedule 

 

The Consultant will provide the temporary
labor services at the rate of $90,000 for 2015. The Consultant will invoice the Company on a quarterly basis. The Company will
pay any undisputed invoices within thirty (30) days of receipt. Each invoice shall be submitted in a format reasonably acceptable
to the Company. At the end of each working day, the Consultant shall submit a report containing such information as the Company
shall reasonably request.EX-4.1

 Exhibit 4.1 
  

 
  

América Móvil, S.A.B. de C.V., 

as Issuer 
 The Bank of New
York Mellon, 
 as Trustee, Security Registrar, Paying Agent and Transfer Agent 

The Bank of New York Mellon, London Branch, 

as London Paying Agent 
 and

 The Bank of New York Mellon (Luxembourg) S.A., 

as Luxembourg Paying Agent and Luxembourg Transfer Agent 

 
  

ADDITIONAL NOTES SUPPLEMENT 

Dated as of March 11, 2015 

to the 
 ELEVENTH SUPPLEMENTAL
INDENTURE 
 Dated as of June 9, 2014 
  

 
 Ps.3,500,000,000

 7.125% Senior Notes due 2024 

 ADDITIONAL NOTES SUPPLEMENT, dated as of March 11, 2015 (this “Additional Notes
Supplement”), to the Eleventh Supplemental Indenture, dated as of June 9, 2014 (the “Eleventh Supplemental Indenture”), among América Móvil, S.A.B. de C.V., a sociedad anónima bursátil de
capital variable organized and existing under the laws of the United Mexican States (“Mexico”) (the “Company”), having its principal office at Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia
Ampliación Granada, 11529, México D.F., México, The Bank of New York Mellon, a banking corporation duly organized and existing under the laws of the State of New York authorized to conduct a banking business, as Trustee (the
“Trustee”), Security Registrar, Paying Agent and Transfer Agent, The Bank of New York Mellon, London Branch, as London Paying Agent (the “London Agent”), and The Bank of New York Mellon (Luxembourg) S.A., as
Luxembourg Paying Agent (the “Luxembourg Paying Agent”) and Luxembourg Transfer Agent (the “Luxembourg Transfer Agent”, and together with the Luxembourg Paying Agent, the “Luxembourg Agent”) to the
Indenture, dated as of June 28, 2012, between the Company and the Trustee (the “Base Indenture”). 
 W I T N E S S E T
H: 
 WHEREAS, the Company and the Trustee have executed the Base Indenture on June 28, 2012, and the Company, the Trustee, the London
Agent and the Luxembourg Agent have executed the Eleventh Supplemental Indenture on June 9, 2014, in connection with the Company’s original issuance of Ps. 7,500,000,000 7.125% Senior Notes due 2024 (the “Initial Notes”);

 WHEREAS, Section 201(b) of the Eleventh Supplemental Indenture provides for the issuance from time to time thereunder of additional
notes by the Company with terms and conditions identical to those of the Initial Notes (except for the issue date and the date from which interest shall accrue and first be paid), which additional notes will be consolidated and form a single series
with the Initial Notes; 
 WHEREAS, the Company desires to issue an additional Ps.3,500,000,000 aggregate principal amount of its 7.125%
Senior Notes due 2024 (the “Additional Notes”); 
 WHEREAS, the Company has duly authorized the execution and delivery of
this Additional Notes Supplement to create and issue the Additional Notes under the Eleventh Supplemental Indenture and the Base Indenture; 

WHEREAS, pursuant to Section 201(b) of the Eleventh Supplemental Indenture, the Company, the Trustee, the London Agent and the Luxembourg
Agent are authorized to execute and deliver this Additional Notes Supplement, without the consent of any Holder; and 
 WHEREAS, all things
necessary to make this Additional Notes Supplement, together with the Base Indenture and the Eleventh Supplemental Indenture, a valid agreement of the Company, in accordance with their terms, have been done. 

 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration,
the receipt of which is hereby acknowledged, the Company, the Trustee, the London Agent and the Luxembourg Agent mutually covenant and agree for the equal and ratable benefit of the holders of the Additional Notes as follows: 

SECTION 1. Unless otherwise defined in this Additional Notes Supplement, terms defined in the Eleventh Supplemental Indenture are used herein
as therein defined. 
 SECTION 2. Except insofar as otherwise expressly provided in this Additional Notes Supplement, all the definitions,
provisions, terms and conditions of the Base Indenture and the Eleventh Supplemental Indenture shall remain in full force and effect. The Base Indenture and the Eleventh Supplemental Indenture, as supplemented by this Additional Notes Supplement,
are in all respects ratified and confirmed, and the Base Indenture, the Eleventh Supplemental Indenture and this Additional Notes Supplement shall be read, taken and considered as one and the same instrument for all purposes with respect to the
Additional Notes. 
 SECTION 3. The Additional Notes are being originally issued by the Company on the date hereof in an aggregate principal
amount of Ps.3,500,000,000, which shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Initial Notes. The Additional Notes will vote together with the Initial Notes as from the date hereof.

 SECTION 4. The Stated Maturity of the Additional Notes shall be June 9, 2024. The Additional Notes shall bear interest at the rate
of 7.125% per annum from December 9, 2014. 
 SECTION 5. The Additional Notes shall be issued in fully registered certificated
global form without coupons, and in minimum denominations of Ps.2,000,000 and integral multiples of Ps.10,000 in excess thereof. The Additional Notes and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit A hereto. 
 SECTION 6. The terms and provisions of the Additional Notes, the form of which is set forth in Exhibit A
hereto, shall constitute, and are hereby expressly made, a part of this Additional Notes Supplement and, to the extent applicable, the Company, the Trustee, the London Agent and the Luxembourg Agent by their execution and delivery of this Additional
Notes Supplement, expressly agree to such terms and provisions and to be bound thereby. 
 SECTION 7. This Additional Notes Supplement shall
be governed by, and construed in accordance with, the law of the State of New York. The parties hereto ratify the provisions of Sections 301 and 302 of the Eleventh Supplemental Indenture with respect to this Additional Notes Supplement, as if such
provisions were set forth in their entirety herein. 
 SECTION 8. This Additional Notes Supplement may be executed in any number of
counterparts, each of which so executed shall be an original, but all of them together represent the same agreement. 
 SECTION 9. Neither
the Trustee, the London Agent nor the Luxembourg Agent shall be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Additional Notes Supplement or for or in respect of the recitals contained herein, all of
which recitals are made by the Company. 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Additional Notes Supplement to be duly
executed on their respective behalves, all as of the day and year first written above. 
  

					
	AMÉRICA MÓVIL, S.A.B. DE C.V.,
			as Issuer
		
	By:		 /s/ Carlos José Garcia Moreno Elizondo

			Name:		Carlos José Garcia Moreno Elizondo
			Title:		Chief Financial Officer
		
	By:		 /s/ Alejandro Cantú Jiménez

			Name:		Alejandro Cantú Jiménez
			Title:		General Counsel
	
	THE BANK OF NEW YORK MELLON,
			as Trustee, Security Registrar, Paying Agent and Transfer Agent
		
	By:		 /s/ John T. Needham, Jr

			Name:		John T. Needham, Jr
			Title:		Vice President
	
	THE BANK OF NEW YORK MELLON, LONDON BRANCH, as London Paying Agent
		
	By:		 /s/ John T. Needham, Jr.

			Name:		John T. Needham, Jr.
			Title:		Vice President
	
	THE BANK OF NEW YORK MELLON (LUXEMBOURG) S.A., as Luxembourg Paying Agent and Luxembourg Transfer Agent
		
	By:		 /s/ John T. Needham, Jr.

			Name:		John T. Needham, Jr.
			Title:		Attorney-in-fact

 Signature Page to Additional Notes Supplement – March 2015 – 10-Year Peso Reopening 

 EXHIBIT A 

FORM OF ADDITIONAL NOTE 

[INCLUDE IF NOTE IS A GLOBAL NOTE AND THE COMMON DEPOSITARY IS THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON DEPOSITARY FOR
CLEARSTREAM AND EUROCLEAR - THIS NOTE IS A GLOBAL SECURITY AND IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, AS NOMINEE OF THE BANK OF NEW YORK MELLON, LONDON BRANCH AS COMMON DEPOSITARY (THE “COMMON
DEPOSITARY”) FOR CLEARSTREAM BANKING, SOCIÉTÉ ANONYME AND EUROCLEAR BANK S.A./N.V. UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE
COMMON DEPOSITARY OR ANOTHER DEPOSITARY OR BY THE COMMON DEPOSITARY OR A NOMINEE OF THE COMMON DEPOSITARY TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.] 

AMÉRICA MÓVIL, S.A.B. DE C.V. 

7.125% Senior Notes due 2024 
 ISIN
Number:XS1075314911/Common Code:107531491 
  

			
	No.		Ps.

 América Móvil, S.A.B. de C.V. (the “Company”, which term includes any successor Person
under the Indenture hereinafter referred to), a sociedad anónima bursátil de capital variable organized and existing under the laws of the United Mexican States (“Mexico”), for value received, hereby promises to pay to
The Bank of New York Depository (Nominees) Limited, or registered assigns, as the nominee of The Bank of New York Mellon, London Branch, as common depositary for Clearstream Banking, société anonyme and Euroclear Bank, S.A./N.V., the
principal sum of Mexican pesos, as revised by the Schedule of Increases and Decreases in Global Note attached hereto on December 9, 2024 (unless earlier redeemed, in which case, on the applicable Redemption Date) and to pay interest thereon
from December 9, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, semiannually in arrears, on June 9 and on December 9 of each year, commencing on
June 9, 2015 at the rate of 7.125% per annum, until the principal hereof is paid or made available for payment; provided that any principal of, and any premium and interest on, this Note which is overdue shall bear interest (to the
extent that payment thereof shall be legally enforceable) at the rate per annum then borne by this Note from the date such amount is due to but not including the day it is paid or made available for payment, and such overdue interest shall be paid
as provided in Section 306 of the Base Indenture. 
 Interest on the Notes shall be calculated on the basis of a 360-day year and the
actual number of days elapsed from and including the last Interest Payment Date (or, with respect to interest payable on the first Interest Payment Date, from the issue date of this Note) to but excluding the Interest Payment Date on which the
interest payment falls due. 
 The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as
provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the day on which Clearstream and
Euroclear are open for business next preceding 

 
such Interest Payment Date. Any such interest not so punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to be payable to the Holder on such Regular Record
Date and may either be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice
whereof shall be given to Holders of this Note not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which this Note may be
listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 
 Payment of the principal
of, and premium, if any, and interest on, this Note shall be made at the office of the Trustee or agency of the Company in the Borough of Manhattan, The City of New York, New York and at the Office of the London Paying Agent and, if and for so long
as the Notes are admitted to listing on the Official List of the Luxembourg Stock Exchange and trading on the Euro MTF Market, at the office of the Luxembourg Paying Agent, in each case maintained for such purpose and at any other office or agency
maintained by the Company for such purpose, in Mexican pesos against surrender of this Note in the case of any payment due at the Maturity of the principal thereof (other than any payment of interest that first becomes payable on a day other than an
Interest Payment Date); provided, however, that at the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. [If the Note is a
Global Note, then insert – Notwithstanding the foregoing, payment of any amount payable in respect of a Global Note shall be made in accordance with the Applicable Procedures of the Depositary.] 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

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

Dated: 
  

			
	AMÉRICA MÓVIL, S.A.B. DE C.V.
		
	By:		  

			Name:
			Title:
		
	By:		  

			Name:
			Title:

 This is one of the Notes referred to in the within-mentioned Indenture. 

Dated: 
  

			
	THE BANK OF NEW YORK MELLON,
			as Trustee
		
	By:		  

			Authorized Officer

 [REVERSE OF NOTE] 

This Note is one of a duly authorized issue of securities of the Company (the “Notes”), issued under an indenture, dated as of
June 28, 2012 (the “Base Indenture”), between the Company and The Bank of New York Mellon, as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture), Security Registrar, Paying Agent and
Transfer Agent, as supplemented by the Eleventh Supplemental Indenture dated as of June 9, 2014, as supplemented by the Additional Notes Supplement dated as of March 11 , 2015 (as supplemented, the “Eleventh Supplemental
Indenture” and, together with the Base Indenture, the “Indenture”) among the Company, the Trustee, The Bank of New York Mellon, London Branch, as London Paying Agent, and The Bank of New York Mellon (Luxembourg) S.A., as Luxembourg
Paying Agent and Luxembourg Transfer Agent, and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and
of the terms upon which the Notes are, and are to be, authenticated and delivered. The terms, conditions and provisions of this Note are those stated in the Indenture (including those made a part of the Indenture by reference to the Trust Indenture
Act) and those set forth in this Note. This Note is one of the series designated on the face hereof. 
 Additional notes on terms and
conditions identical to those of this Note (except for issue date, issue price and the date from which interest shall accrue and, if applicable, the date on which interest will first be paid) may be issued by the Company without the consent of the
Holders of the Notes. The amount evidenced by such additional Notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes, in which case the Schedule of Increases and Decreases in Global
Note attached hereto will be correspondingly adjusted. 
 In any case where any Interest Payment Date, Redemption Date or Stated Maturity of
any Note shall not be a Business Day, then (notwithstanding any other provision of the Indenture or of the Notes) payment of principal and premium, if any, or interest need not be made on such date, but may be made on the next succeeding Business
Day with the same force and effect as if made on the Interest Payment Date, Redemption Date or at the Stated Maturity, as the case may be; provided that no interest shall accrue for the period from and after such Interest Payment Date,
Redemption Date or Stated Maturity, as the case may be. 
 If an Event of Default with respect to the Notes shall occur and be continuing,
the principal of all of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
 All
payments of principal, premium, if any, and interest in respect of the Notes shall be made after withholding or deduction for any present or future taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected,
withheld or assessed by or on behalf of Mexico or any authority therein or thereof having power to tax (“Mexican Taxes”). In the event of any withholding or deduction for any Mexican Taxes, the Company shall pay such additional interest
(“Additional Interest”) as will result in receipt by the Holders of Notes on the respective due dates of such amounts as would have been received by them had no such withholding or deduction (including for any Mexican Taxes payable in
respect of Additional Interest) been required, except that no such Additional Interest shall be payable with respect to any payment on a Note to the extent: 

(i) that any such taxes, duties, assessments or other governmental charges are imposed solely because of (A) a connection between the
Holder and Mexico other than the ownership or holding of such Note and the mere receipt of payments with respect to such Note or (B) failure by the Holder or any other Person to comply with any certification, identification or other reporting
requirement concerning the 

 
nationality, residence, identity or connection with Mexico of the Holder or any beneficial owner of such Note if compliance is required by law, regulation or by an applicable income tax treaty to
which Mexico is a party, as a precondition to exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and we have given the Holders at least 30 days’ notice prior to the first payment date with respect to
which such certification, identification or reporting requirement is required, to the effect that Holders will be required to provide such information and identification; 

(ii) of any such taxes, duties, assessments or other governmental charges with respect to such Note presented for payment more than 15 days
after the date on which such payment became due and payable or the date on which payment thereof is duly provided for and notice thereof given to Holders, whichever occurs later, except to the extent that the Holder of such Note would have been
entitled to such Additional Interest on presenting such Note for payment on any date during such 15-day period; 
 (iii) of estate,
inheritance, gift or other similar taxes, assessments or other governmental charges imposed with respect to such Note; 
 (iv) of any tax,
duty, assessment or other governmental charge payable otherwise than by deduction or withholding from payments on such Note; 
 (v) of any
payment on such Note to a Holder who is a fiduciary or partnership or a person other than the sole beneficial owner of any such payment, to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such a partnership or
the beneficial owner of such payment would not have been entitled to the Additional Interest had such beneficiary, settlor, member or beneficial owner been the Holder of such Note; 

(vi) of any tax, duty, assessment or other governmental charge imposed on a payment to an individual and required to be made pursuant to
European Council Directive 2003/48/EC on the taxation of savings income (as amended from time to time), or any law or agreement implementing or complying with, or introduced in order to conform to, such directive; and 

(vii) any combination of the items in Clauses (i) through (vi) above. 

For purposes of the provisions described in Clause (i) above, the term “Holder” of any Note means the direct nominee of any
beneficial owner of such Note, which holds such beneficial owner’s interest in such Note. Notwithstanding the foregoing, the limitations on the Company’s obligation to pay Additional Interest set forth in Clause (i)(B) above shall not
apply if (a) the provision of information, documentation or other evidence described in such Clause (i)(B) would be materially more onerous, in form, in procedure or in the substance of information disclosed, to a Holder or beneficial owner of
a Note (taking into account any relevant differences between U.S. and Mexican law, regulation or administrative practice) than comparable information or other reporting requirements imposed under U.S. tax law (including the United States - Mexico
Income Tax Treaty), regulations (including proposed regulations) and administrative practice or (b) Rule I.3.17.11 (or any successor provision) is in effect, unless the provision of the information, documentation or other evidence described in
such Clause (i)(B) is expressly required by statute, regulation, rule or administrative practice in order to apply Rule I.3.17.11 (or any successor provision) and the Company cannot obtain such information, documentation or other evidence on its own
through reasonable diligence and the Company otherwise would meet the requirements for application of Rule I.3.17.11 (or any successor provision). In addition, such Clause (i)(B) shall not be construed to require that a non-Mexican pension or retirement fund or a non-Mexican financial institution or any other Person register with the Ministry of Finance and Public Credit for the purpose of
establishing eligibility for an exemption from or reduction of Mexican withholding tax. 

 The Company shall provide the Trustee with the constancia or other relevant documentation,
if any (which may consist of certified copies of such documentation), satisfactory to the Trustee evidencing the payment of Mexican Taxes in respect of which the Company has paid any Additional Interest. Copies of such documentation shall be made
available to the Holders of the Notes or any Paying Agent, as applicable, upon request therefor. 
 The Company shall pay all stamp, issue,
registration, documentary or other similar duties, if any, which may be imposed by Mexico or any governmental entity or political subdivision therein or thereof, or any taxing authority of or in any of the foregoing, with respect to the Indenture or
the issuance of the Notes. 
 All references herein and in the Indenture to principal, premium, if any, interest or any other amount payable
in respect of any Note shall be deemed to include all Additional Interest, if any, payable in respect of such principal, premium, interest or other amount payable, unless the context otherwise requires, and express mention of the payment of
Additional Interest in any provision hereof shall not be construed as excluding reference to Additional Interest in those provisions hereof where such express mention is not made. 

In the event that Additional Interest actually paid with respect to the Notes pursuant to the preceding paragraphs is based on rates of
deduction or withholding of withholding taxes in excess of the appropriate rate applicable to the Holder of such Notes, and, as a result thereof such Holder is entitled to make claim for a refund or credit of such excess from the authority imposing
such withholding tax, then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to the Company. However, by making such
assignment, the Holder makes no representation or warranty that the Company will be entitled to receive such claim for a refund or credit and incurs no other obligation with respect thereto. 

All references herein and in the Indenture to principal in respect of any Note shall be deemed to mean and include any Redemption Price
payable in respect of such Note pursuant to any redemption right hereunder (and all such references to the Stated Maturity of the principal in respect of any Note shall be deemed to mean and include the Redemption Date with respect to any such
Redemption Price), and all such references to principal, premium, interest or Additional Interest shall be deemed to mean and include any amount payable in respect hereof pursuant to Section 1009 of the Base Indenture. 

The Company may, at its option, redeem the Notes upon not less than 30 nor more than 60 days’ notice, at any time, in whole but not in
part, at a Redemption Price equal to the sum of (A) 100% of the principal amount of the Notes being redeemed, (B) accrued and unpaid interest thereon to the Redemption Date and (C) any Additional Interest which would otherwise be
payable thereon up to but not including the Redemption Date, solely if, as a result of any amendment to, or change in, the laws (or any rules or regulations thereunder) of Mexico or any political subdivision or taxing authority thereof or therein
affecting taxation or any amendment to or change in an official interpretation or application of such laws, rules or regulations, which amendment to or change in such laws, rules or regulations becomes effective on or after June 9, 2014, the
Company would be obligated, after making reasonable endeavors to avoid such requirement, to pay Additional Amounts in excess of the Additional Amounts that the Company would be obligated to pay if payments made on the Notes were subject to
withholding or deduction of Mexican Taxes at the rate of 4.9%; provided, however, that (1) no notice of redemption pursuant to this clause may be given earlier than 90 days prior to the earliest date on which the Company would be obligated to
pay such Additional Amounts if a payment on the Notes were then due and (2) at the time such notice of redemption is given, the Company’s obligation to pay such Additional Amounts remains in effect. 

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the
modification of the rights and obligations of the Company, on the one hand, and the rights of the Holders of the Notes, on the other hand, at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount
of the Notes at the time Outstanding. The Indenture also contains provisions (1) permitting the Holders of a majority in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive compliance by the
Company with certain provisions of the Indenture and (2) permitting the Holders of a majority in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 As provided in and subject to the
provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes, the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time
Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the
Holder of this Note for the enforcement of any payment of principal hereof or premium, if any, and/or interest hereon on or after the respective due dates expressed herein. 

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

As provided in the Indenture, and subject to certain limitations therein set forth (including, without limitation, the restrictions on
transfer under Section 304 of the Base Indenture), the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office of the Trustee or agency of the Company in any place
where the principal of and any premium and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or
his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, shall be issued to the designated transferee or transferees. 

The Notes are issuable only in registered form without coupons in denominations of Ps.2,000,000 and integral multiples of Ps.10,000 in excess
thereof. As provided in the Indenture, and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of like tenor of a different authorized denomination, as requested by the Holder
surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company or the Trustee
may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

 Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and
any agent of the Company or of the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be
affected by notice to the contrary. 
 [If the Note is a Global Note, then insert – This Note is a Global Note and is subject to
the provisions of the Indenture relating to Global Notes, including the limitations in Section 304 of the Base Indenture on transfers and exchanges of Global Notes.] 

This Note and the Indenture shall be governed by, and construed in accordance with, the law of the State of New York. 

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

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

			
		
	TEN COM - as tenants in common		UNIF GIFT MIN ACT—                    
			       (Cust)

		
	TEN ENT - as tenants by the entireties		Custodian                      under Uniform
			      (Minor)

		
	JT TEN – as joint tenants with right of survivorship and not as tenants in common		 Gifts to Minors
Act                     

      (State)

 Additional abbreviations may also be used 

though not in the above list. 
  

 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The following increases or decreases in this Global Note have been made: 

 

									
	 Date of transfer or exchange
	  	Amount of decrease in
principal
amount of this Global
Note	  	Amount of increase in
principal
amount of this Global
Note	  	Principal amount of this
Global Note following
such decrease or
increase	  	Signature of authorized
signatory of
Trustee or
Security Registrar

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