Document:

exv4wa

Exhibit 4(a)

NORTHROP GRUMMAN CORPORATION

AND

THE BANK OF NEW YORK MELLON, TRUSTEE

 

SECOND SUPPLEMENTAL INDENTURE

Dated as of November 8, 2010

to

INDENTURE

Dated as of November 21, 2001

as amended and supplemented by the

FIRST SUPPLEMENTAL INDENTURE

Dated as of July 30, 2009

 

1.850% Senior Notes due 2015

3.500% Senior Notes due 2021

 5.050% Senior Notes due 2040

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	Article I. DEFINITIONS
	 	 	2	 
	 
	 	 	 	 
	Article II. ESTABLISHMENT OF 1.850% SENIOR NOTES DUE 2015,
3.500% SENIOR NOTES DUE 2021 AND 5.050% SENIOR NOTES DUE 2040
	 	 	3	 
	201. Establishment and Designation of the Notes
	 	 	3	 
	202. Principal Amount of the Notes; Maturity
	 	 	3	 
	203. Form of Notes; Denominations; Depositary
	 	 	3	 
	204. Payment
	 	 	4	 
	205. Interest Rate
	 	 	4	 
	206. Paying Agent and Security Registrar
	 	 	4	 
	207. No Sinking Fund
	 	 	5	 
	208. Redemption of the Notes
	 	 	5	 
	209. Exchange of the Notes
	 	 	5	 
	 
	 	 	 	 
	Article III. MISCELLANEOUS PROVISIONS
	 	 	5	 
	301. Effect of Second Supplemental Indenture
	 	 	5	 
	302. Effective Date
	 	 	6	 
	303. Effect of Headings and Table of Contents
	 	 	6	 
	304. Successors and Assigns
	 	 	6	 
	305. Separability Clause
	 	 	6	 
	306. Counterparts
	 	 	6	 
	307. Trustee Not Responsible for Recitals
	 	 	6	 
	308. Governing Law
	 	 	6	 
	 
	 	 	 	 
	EXHIBIT A            Form of 1.850% Senior Notes due 2015
	 	 	 	 
	EXHIBIT B            Form of 3.500% Senior Notes due 2021
	 	 	 	 
	EXHIBIT C            Form of 5.050% Senior Notes due 2040
	 	 	 	 

Second Supplemental Indenture

-i-

 

     This SECOND SUPPLEMENTAL INDENTURE dated as of November 8, 2010 (this “Second Supplemental
Indenture”) between NORTHROP GRUMMAN CORPORATION, a corporation duly organized and existing under
the laws of the State of Delaware (herein called the “Company”), having its principal office at
1840 Century Park East, Los Angeles, California 90067, and THE BANK OF NEW YORK MELLON, a
corporation duly organized and existing under the laws of the State of New York, as successor to
JPMorgan Chase Bank, as trustee (herein called the “Trustee”), under the Indenture (as hereinafter
defined), having its Corporate Trust Office at 101 Barclay Street, New York, New York 10286.

R E C I T A L S

     WHEREAS, the Company and the Trustee have executed and delivered an Indenture, dated as of
November 21, 2001 (the “Original Indenture”), and a First Supplemental Indenture, dated as of July
30, 2009, which amends and supplements the Original Indenture (the “First Supplemental Indenture”);

     WHEREAS, Section 901 of the Original Indenture, as amended, provides, among other things, that
the Company, when authorized by a Board Resolution, and the Trustee, at any time and from time to
time, without the consent of any Holders, may enter into an indenture supplemental to the Original
Indenture to establish the form or terms of Securities of any series as permitted by Sections 201
and 301 of the Original Indenture, as amended;

     WHEREAS, the Company established two series of its Securities under the Original Indenture, as
amended, issued in an initial aggregate principal amount of $850,000,000, designated as the 3.70%
Senior Notes due 2014 and the 5.05% Senior Notes due 2019, respectively;

     WHEREAS, pursuant to the terms of the Original Indenture, as amended, the Company desires to
provide for the establishment of three new series of its Securities to be known as its “1.850%
Senior Notes due 2015” (the “2015 Notes”), its “3.500% Senior Notes due 2021” (the “2021 Notes”)
and its “5.050% Senior Notes due 2040” (the “2040 Notes” and, together with the 2015 Notes and the
2021 Notes, the “Notes”), respectively, the form and substance of each such series of Notes and the
terms, provisions and conditions thereof to be set forth as provided in the Original Indenture, as
amended by the First Supplemental Indenture and this Second Supplemental Indenture (together, the
“Indenture”);

     WHEREAS, the Company has requested that the Trustee execute and deliver this Second
Supplemental Indenture; and

     WHEREAS, all things necessary to make the Notes, when executed by the Company and
authenticated and delivered by the Trustee and issued upon the terms and subject to the conditions
hereinafter and in the Indenture set forth against payment therefor, the valid, binding and legal
obligations of the Company, and to authorize the execution and delivery of this Second Supplemental
Indenture and make it a valid, binding and legal agreement of the Company, have been done or
performed.

     NOW, THEREFORE, THIS SECOND SUPPLEMENTAL INDENTURE WITNESSETH:

Second Supplemental Indenture

1

 

     For and in consideration of the promises and the purchase of the Securities by the Holders
thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders, as follows:

Article I.

DEFINITIONS

     Unless the context otherwise requires, capitalized terms used but not defined in this Second
Supplemental Indenture shall have the respective meaning ascribed to them by the Indenture. The
following additional terms are hereby established for purposes of this Second Supplemental
Indenture and shall have the meaning set forth in this Second Supplemental Indenture only for
purposes of this Second Supplemental Indenture:

“2015 Global Notes” has the meaning set forth in Section 203 of this Second Supplemental
Indenture.

“2021 Global Notes” has the meaning set forth in Section 203 of this Second Supplemental
Indenture.

“2040 Global Notes” has the meaning set forth in Section 203 of this Second Supplemental
Indenture.

“2015 Notes” has the meaning set forth in the recitals of this Second Supplemental
Indenture.

“2021 Notes” has the meaning set forth in the recitals of this Second Supplemental
Indenture.

“2040 Notes” has the meaning set forth in the recitals of this Second Supplemental
Indenture.

“Additional Notes” has the meaning set forth in Section 201 of this Second Supplemental
Indenture.

“First Supplemental Indenture” has the meaning set forth in the recitals of this Second
Supplemental Indenture.

“Global Notes” has the meaning set forth in Section 203 of this Second Supplemental
Indenture.

“Indenture” has the meaning set forth in the recitals of this Second Supplemental Indenture.

“Interest Payment Date” has the meaning set forth in Section 205 of this Second Supplemental
Indenture.

“Notes” has the meaning set forth in the recitals of this Second Supplemental Indenture.

Second Supplemental Indenture

2

 

“Original Indenture” has the meaning set forth in the recitals of this Second Supplemental
Indenture.

“Regular Record Date” has the meaning set forth in Section 205 of this Second Supplemental
Indenture.

Article II.

ESTABLISHMENT OF 1.850% SENIOR NOTES DUE 2015,

3.500% SENIOR NOTES DUE 2021 AND 5.050% SENIOR NOTES DUE 2040

201. Establishment and Designation of the Notes

     Pursuant to the terms hereof and Section 301 of the Indenture, the Company hereby establishes
three new series of Securities, the first series designated as the “1.850% Senior Notes due 2015,”
the second series designated as the “3.500% Senior Notes due 2021,” and the third series designated
as the “5.050% Senior Notes due 2040.” Any such series may be reopened, from time to time, for
issuances of an unlimited aggregate principal amount of additional Securities of such series (with
respect to any such series, the “Additional Notes”). Any such Additional Notes shall have the same
ranking, interest rate, maturity date and other terms as the series of Notes being reopened,
except, if applicable, the issue date, the issue price, the initial Interest Payment Date and
corresponding initial Regular Record Date, and the initial interest accrual date. Any such
Additional Notes, together with the Notes of the series being reopened, shall constitute a single
series of Securities for all purposes under the Indenture, including voting, waivers, amendments
and redemptions.

202. Principal Amount of the Notes; Maturity

     The maximum aggregate principal amount of the Notes which may be authenticated and delivered
pursuant to the Indenture (except for (i) Notes authenticated and delivered upon registration of
transfer of, or in exchange for, or in lieu of, other Notes pursuant to Section 304, 305, 306, 906
or 1107 of the Indenture, (ii) Notes which, pursuant to Section 303 of the Indenture, are deemed
never to have been authenticated and delivered under the Indenture, and (iii) for avoidance of
doubt, Additional Notes) is $500,000,000 in respect of the 2015 Notes, $700,000,000 in respect of
the 2021 Notes and $300,000,000 in respect of the 2040 Notes. The principal amount of the 2015
Notes shall be due and payable on November 15, 2015, the principal amount of the 2021 Notes shall
be due and payable on March 15, 2021 and the principal amount of the 2040 Notes shall be due and
payable on November 15, 2040.

203. Form of Notes; Denominations; Depositary

     The 2015 Notes shall be initially issued in the form of one or more Global Securities (the
“2015 Global Notes”) in substantially the form set forth in Exhibit A hereto, the 2021
Notes shall be initially issued in the form of one or more Global Securities (the “2021 Global
Notes”) in substantially the form set forth in Exhibit B hereto and the 2040 Notes shall be
initially issued in the form of one or more Global Securities (the “2040 Global Notes” and,
together with the 2015 Global Notes and the 2021 Global Notes, the “Global Notes”) in substantially
the form set forth

Second Supplemental Indenture

3

 

in Exhibit C hereto. The Notes shall be issued in fully registered form without
coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

     The initial Depositary in respect of the Global Notes shall be The Depository Trust Company.
The Global Notes shall be deposited with, or on behalf of, the Depositary and shall be registered
in the name of Cede & Co. Except as otherwise set forth in Section 305 of the Indenture, the
Global Notes may be transferred, in whole or in part, only to the Depositary, another nominee of
the Depositary or to a successor of the Depositary or its nominee.

204. Payment

     The Company will pay the principal of and premium, if any, and interest on the Notes in money
of the United States of America that at the time of payment is legal tender for payment of public
and private debts. The Company will make all payments of interest on any Global Note in accordance
with the arrangements then existing between the Paying Agent and the applicable Depositary, and all
payments of principal of and premium, if any, on any Global Note at the Corporate Trust Office upon
surrender of such Note for payment. The Company will make all payments of interest on any
definitive Note by mailing a check to the address of each Person entitled thereto, and all payments
of principal of and premium, if any, on any definitive Note at the Corporate Trust Office upon
surrender of such Note for payment.

205. Interest Rate

     Interest on the 2015 Notes shall accrue at the rate of 1.850% per annum, interest on the 2021
Notes shall accrue at the rate of 3.500% per annum and interest on the 2040 Notes shall accrue at
the rate of 5.050% per annum. Interest on the Notes shall accrue from November 8, 2010 or the most
recent Interest Payment Date to which interest was paid or duly provided for. Interest on the 2015
Notes and the 2040 Notes shall be payable semiannually in arrears on May 15 and November 15,
commencing on May 15, 2011 (each an “Interest Payment Date” for the 2015 and the 2040 Notes), to
the Persons in whose names the Notes are registered at the close of business on the May 1 or
November 1, as the case may be (in either case, whether or not a Business Day), immediately
preceding such Interest Payment Date (each a “Regular Record Date” for the 2015 Notes and the 2040
Notes). Interest on the 2021 Notes shall be payable semiannually in arrears on March 15 and
September 15, commencing on March 15, 2011 (each an “Interest Payment Date” for the 2021 Notes), to
the Persons in whose names the Notes are registered at the close of business on the March 1 or
September 1, as the case may be (in either case, whether or not a Business Day), immediately
preceding such Interest Payment Date (each a “Regular Record Date” for the 2021 Notes). Interest
on the Notes shall be computed on the basis of a 360-day year comprised of twelve 30-day months.

206. Paying Agent and Security Registrar

     The Trustee shall initially act as the Paying Agent and Security Registrar in respect of the
Notes and its Corporate Trust Office is designated as a place where the Notes may be presented for
payment or for registration of transfer or exchange. The Company may, however, change the Paying
Agent or Security Registrar for the Notes without prior notice to the Holders thereof, and the
Company or any Subsidiary may act as Paying Agent or Security Registrar for the Notes.

Second Supplemental Indenture

4

 

207. No Sinking Fund

     The provisions of Article 12 of the Indenture shall not be applicable to the Notes.

208. Redemption of the Notes

     The 2015 Notes are subject to redemption, in whole at any time and in part from time to time,
at the option of the Company as set forth in the form of 2015 Note attached hereto as Exhibit
A. The 2021 Notes are subject to redemption, in whole at any time and in part from time to
time, at the option of the Company as set forth in the form of 2021 Note attached hereto as
Exhibit B. The 2040 Notes are subject to redemption, in whole at any time and in part from
time to time, at the option of the Company as set forth in the form of 2040 Note attached hereto as
Exhibit C.

209. Exchange of the Notes

     In addition to the circumstances set forth in Clause (2) of the last paragraph of Section 305
of the Indenture, and subject to the arrangements then existing between the Company and the
applicable Depositary, the Company may at any time, in its sole discretion, elect to have any
Global Note exchanged in whole or in part for Notes of the same series registered in the name or
names of Persons other than such Depositary or a nominee thereof.

Article III.

MISCELLANEOUS PROVISIONS

301. Effect of Second Supplemental Indenture

     Upon the execution and delivery of this Second Supplemental Indenture by the Company and the
Trustee, the Indenture shall be supplemented and amended in accordance herewith, and this Second
Supplemental Indenture shall form a part of the Indenture for all purposes. Except as otherwise
provided herein, each and every term and condition contained in this Second Supplemental Indenture
that modifies, amends or supplements the terms and conditions of the Original Indenture shall apply
only to the Notes established hereby and not to any other series of Securities established under
the Indenture.

     In the event of a conflict between any provisions of the Indenture and this Second
Supplemental Indenture, the relevant provision or provisions of this Second Supplemental Indenture
shall govern.

     Except as supplemented or amended hereby, all other provisions in the Indenture, to the extent
not inconsistent with the terms and provisions of this Second Supplemental Indenture, shall remain
in full force and effect, and are hereby ratified and confirmed.

Second Supplemental Indenture

5

 

302. Effective Date

     This Second Supplemental Indenture shall be effective as of the date first above written upon
the execution and delivery hereof by the Company and the Trustee.

303. Effect of Headings and Table of Contents

     The Article and Section headings herein and the Table of Contents are for convenience only and
shall not affect the construction or interpretation hereof.

304. Successors and Assigns

     All covenants and agreements in this Second Supplemental Indenture by the Company shall bind
its successors and assigns, whether so expressed or not.

305. Separability Clause

     In case any provision in this Second Supplemental Indenture or in the Notes shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby.

306. Counterparts

     This Second Supplemental Indenture may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same instrument.

307. Trustee Not Responsible for Recitals

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

308. Governing Law

     This Second Supplemental Indenture and the Notes shall be construed in accordance with and
governed by the law of the State of New York, without regard to principles of conflicts of laws.

[Signature page follows]

Second Supplemental Indenture

6

 

     IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed, all as of the day and year first above written.

	 	 	 	 	 
	 	NORTHROP GRUMMAN CORPORATION

 	 
	 	By:  	/s/ Mark Rabinowitz
	 
	 	 	Name:  	Mark Rabinowitz 	 
	 	 	Title:  	Corporate Vice President & Treasurer 	 
	 
	 	THE BANK OF NEW YORK MELLON, as Trustee

 	 
	 	By:  	/s/ Laurence J. O’Brien 	 
	 	 	Name:  	Laurence J. O’Brien 	 
	 	 	Title:  	Vice President 	 
	 

Second Supplemental Indenture

 

 

EXHIBIT A

[FORM OF FACE OF 2015 NOTE]

[Global Securities Legend]

[THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS
NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.
]*

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

			
	Registered
	 	CUSIP No.: 666807 BC5
	No. [____]
	 	Principal Amount: $[__________]

NORTHROP GRUMMAN CORPORATION

1.850% Senior Note due 2015

1. Principal and Interest. NORTHROP GRUMMAN CORPORATION, a corporation duly organized and
existing under the laws of Delaware (herein called the “Company,” which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
[_______________________]‡ [ CEDE & CO.]§, or registered assigns, the
principal sum of ____________________ Dollars, on November 15, 2015 (the

 

			
	*	 	To be included only if the Note is a Global
Note.
	 
	†	 	To be included only if the Depositary is The
Depository Trust Company.
	 
	‡	 	To be included only if the Note is not a
Global Note.
	 
	§	 	To be included only if the Note is a Global
Note.

Face of Form of 1.850% Senior Note due 2015

A-1

 

“Maturity Date”), and to pay interest thereon from November 8, 2010 (the “Original Issue Date”), or
from the most recent Interest Payment Date to which interest has been paid or duly provided for,
semi-annually in arrears on May 15 and November 15 in each year (each an “Interest Payment Date”),
commencing May 15, 2011, at the rate of 1.850% per annum until the principal hereof is paid or made
available for payment. Interest will be computed on the basis of a 360 day year of twelve 30 day
months. The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date and on the Maturity Date will, as provided in the Indenture, be paid to the Person in whose
name this Note (or one or more Predecessor Securities to this Note (the “Predecessor Notes”)) is
registered at the close of business on the May 1 or November 1 (whether or not a Business Day)
(each, a “Regular Record Date”), as the case may be, next preceding such Interest Payment Date or
the Maturity Date, as applicable. Any such interest not so punctually paid or duly provided for
will forthwith cease to be payable to such Person on such Regular Record Date and may either be
paid to the Holder 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 under the Indenture, notice whereof shall be given to Holders of Notes 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 the Notes may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in said Indenture.
Interest payable on this Note on any Interest Payment Date and on the Maturity Date, as the case
may be, will be the amount of interest accrued from and including the immediately preceding
Interest Payment Date (or from and including the Original Issue Date, in the case of the initial
Interest Payment Date) to but excluding the applicable Interest Payment Date or the Maturity Date,
as the case may be. If an Interest Payment Date or the Maturity Date falls on a day that is not a
Business Day, the payment will be made on the next Business Day as if it were made on the date the
payment was due, and no interest will accrue on the amount so payable for the period from and after
that Interest Payment Date or the Maturity Date, as the case may be.

2. Method of Payment. The Company will pay the principal of and premium, if any, and
interest on the Notes in money of the United States of America that at the time of payment is legal
tender for payment of public and private debts. [The Company will make all payments of interest on
this Global Note in accordance with the arrangements then existing between the Paying Agent and the
Depositary, and all payments of principal of and premium, if any, on this Global Note at the
Corporate Trust Office upon surrender of this Global Note for payment. ]** [ The Company
will make all payments of interest on this Note by mailing a check to the address of the Person
entitled thereto, and all payments of principal of and premium, if any, on this Note at the
Corporate Trust Office upon surrender of this Note for payment.]††

 

			
	**	 	To be included only if the Note is a Global
Note.
	 
	††	 	To be included only if the Note is not a
Global Note.

Face of Form of 1.850% Senior Note due 2015

A-2

 

     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, directly or through an Authenticating Agent, 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 Note to be duly executed.

	 	 	 	 	 
	 	NORTHROP GRUMMAN CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 

	TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	 
	 
	 	 	 	 
	This is one of the Securities of the series
designated therein referred to in the
within-mentioned Indenture	 	 
	 
	 	 	 	 
	THE BANK OF NEW YORK MELLON, as Trustee	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	Authorized Signatory
	 	 

	 	 	 	 	 

	Dated:
	 	 	 	 
	 

	 	 

	 	 

Face of Form of 1.850% Senior Note due 2015

A-3

 

[FORM OF REVERSE SIDE OF NOTE]

1.850% Senior Note due 2015

3. Paying Agent and Security Registrar. The Trustee shall initially act as the Paying
Agent and Security Registrar in respect of the Notes and its Corporate Trust Office is designated
as a place where the Notes may be presented for payment or for registration of transfer or
exchange. The Company may, however, change the Paying Agent or Security Registrar for the Notes
without prior notice to any Holders, and the Company or any Subsidiary may act as Paying Agent or
Security Registrar for the Notes.

4. Indenture. This Note is one of a duly authorized series of Securities issued or to be
issued in one or more series under an Indenture dated as of November 21, 2001 (the “Original
Indenture”), as supplemented and amended by a First Supplemental Indenture dated as of July 30,
2009 (the “First Supplemental Indenture”) and a Second Supplemental Indenture dated as of November
8, 2010 (the “Second Supplemental Indenture,” and, together with the Original Indenture and the
First Supplemental Indenture, the “Indenture”), by and between the Company and The Bank of New York
Mellon, as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture),
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, and of the
terms upon which the Notes are, and are to be, authenticated and delivered.

     This Note is one of the series designated as the “1.850% Senior Notes due 2015” of the Company
initially limited in aggregate principal amount to $500,000,000 (the “Notes”). Such series may be
reopened, from time to time, for issuances of an unlimited aggregate principal amount of additional
Securities of such series (the “Additional Notes”). Any such Additional Notes shall have the same
ranking, interest rate, maturity date and other terms as the Notes, except, if applicable, the
issue date, the issue price, the initial Interest Payment Date and corresponding initial Regular
Record Date, and the initial interest accrual date. Any such Additional Notes, together with the
Notes, shall constitute a single series of Securities for all purposes under the Indenture,
including voting, waivers, amendments and redemptions. Additional series of Securities may be
issued pursuant to the Indenture.

     The Notes are unsecured senior obligations of the Company and rank pari passu with all
unsecured and unsubordinated obligations of the Company.

     The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act. The Notes are subject to all those terms, and
Holders thereof are referred to the Indenture and the Trust Indenture Act for a statement of all
those terms. To the extent permitted by applicable law, in the event of any inconsistency between
the terms of this Note and the terms of the Indenture, the terms of the Indenture will control.

     Capitalized terms used but not defined in this Note have the respective meanings ascribed to
them by the Indenture.

Reverse Side of Form of 1.850% Senior Note due 2015

A-1

 

5. Optional Redemption. The Notes are subject to redemption, in whole at any time or in
part from time to time, at the option of the Company, in principal amounts of $1,000 and integral
multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in
part may not be less than $2,000), upon not less than 30 nor more than 60 days prior notice as
provided in the Indenture. The Redemption Price for the Notes will equal the sum of (i) the
greater of (y) 100% of the principal amount of the Notes then Outstanding to be redeemed and (z)
the sum of the present values of the remaining scheduled payments of principal and interest on the
Notes being redeemed (not including any portion of any payments of such interest accrued as of the
Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at a rate equal to the sum of the Adjusted Treasury Rate (as
defined below), as determined by the Independent Investment Banker (as defined below), plus 10
basis points, and (ii) accrued and unpaid interest thereon to the Redemption Date.

     Notwithstanding the foregoing, installments of interest on Notes that are due and payable on
Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Interest
Payment Date to the Holders thereof as of the close of business on the corresponding Regular Record
Date pursuant to Section 1 of this Note and Section 205 of the Second Supplemental Indenture.

     “Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal
to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price
for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

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

     “Comparable Treasury Price” means, with respect to any Redemption Date, (A) the arithmetic
mean of the Reference Treasury Dealer Quotations received for such Redemption Date, or (B) if only
one Reference Treasury Dealer Quotation is received, such quotation.

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

     “Reference Treasury Dealer” means (A) Citigroup Global Markets Inc., J.P. Morgan Securities
LLC and RBS Securities Inc. (or their respective affiliates which are primary U.S. Government
securities dealers in the United States (“Primary Treasury Dealers”)), and their respective
successors; provided, however, that if any of the foregoing shall cease to be a
Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer; and
(B) any other Primary Treasury Dealer(s) selected by the Company.

     “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the arithmetic mean of the bid and asked prices for the

Reverse Side of Form of 1.850% Senior Note due 2015

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Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. (New York City
time) on the third Business Day preceding such Redemption Date, as determined by the Company.

     The Company shall give the Trustee notice of the Redemption Price promptly after the
calculation thereof and the Trustee shall have no responsibility for such calculation.

6. Sinking Fund. The Notes are not subject to any sinking fund or analogous provisions.

7. Denominations; Transfer; Exchange. The Notes are in registered form without coupons in
denominations of $2,000 and whole multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Notes in accordance with the Indenture. Every Note presented or surrendered for
registration of transfer or for exchange shall (if so required by the Company or the Trustee) be
duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the Holder thereof or its attorney duly
authorized in writing. No service charge shall be made for any registration of transfer or
exchange of this Note, but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such registration of transfer
or exchange, other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.
If the Notes are to be redeemed in part, the Company shall not be required (A) to issue, register
the transfer of or exchange any Notes during the period beginning at the opening of business 15
days before the day of the mailing of the applicable notice of redemption and ending at the close
of business on the day of such mailing, or (B) to register the transfer of or exchange any Note so
selected for redemption in whole or in part (except the unredeemed portion of any Note being
redeemed in part).

8. Persons Deemed Owner. The Holder of this Note may be treated as the owner of this Note
for all purposes.

9. Unclaimed Funds. If money for the payment of principal, premium or interest of or on
the Notes remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to
the Company at its written request, subject to any applicable abandoned property laws. After any
such payment, Holders entitled to the money must look only to the Company and not to the Trustee or
any Paying Agent for payment.

10. Defeasance and Discharge. The Notes will be subject to defeasance and discharge as set
forth in Section 1302 of the Indenture and to covenant defeasance as set forth in Section 1303 of
the Indenture.

11. Amendment; Waiver. The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the Company and the
rights of the Holders of the Securities of each series to be affected under the Indenture at any
time by the Company and the Trustee with the consent of the Holders of a majority in principal
amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of

Reverse Side of Form of 1.850% Senior Note due 2015

A-3

 

such series, to waive compliance by the Company 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 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.

12. Defaults and Remedies. If an Event of Default with respect to the Notes shall occur
and be continuing, the principal of the Notes may be declared due and payable in the manner and
with the effect provided in the Indenture. 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: the 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 reasonable indemnity; the Trustee for 60 days after its receipt of such notice, request and
offer of indemnity has failed to institute any such proceeding; and no direction inconsistent with
such written request has been given to the Trustee during such 60-day period by the Holders of a
majority in principal amount of the Outstanding Notes. 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 any
premium or interest hereon on or after the respective due dates expressed herein (including, in
case of a redemption, on the Redemption Date).

13. Obligations Absolute. 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.

14. No Recourse Against Others. No recourse shall be had for the payment of the principal
of, or premium, if any, or interest on this Note, or for any claim based hereon or otherwise in
respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto,
against any incorporator, stockholder, officer or director, as such, past, present or future, of
the Company or of any successor corporation, whether by virtue of any constitution, statute or rule
of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being,
by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived
and released.

15. Trustee Dealings with the Company. Subject to certain limitations imposed by the Trust
Indenture Act, the Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the
Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

Reverse Side of Form of 1.850% Senior Note due 2015

A-4

 

16. Successors and Assigns. All covenants and agreements in the Indenture by the Company
shall bind its successors and assigns, whether so expressed or not, except as provided in Section
802 of the Indenture.

17. Governing Law. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAW.

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

 

     The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to:

Northrop Grumman Corporation

1840 Century Park East

Los Angeles, California 90067

Attention: Corporate Vice President, Deputy General Counsel and Secretary

 

Reverse Side of Form of 1.850% Senior Note due 2015

A-5

 

ABBREVIATIONS

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

	 	 	 	 	 	 	 	 	 	 	 	 	 

	TEN COM —	 	as tenants in common
	TEN ENT —	 	as tenants by the entireties
	JT TEN —	 	as joint tenants with right of survivorship and not as tenants in common
	UNIF GIFT MIN ACT —

	 	 	 	Custodian
	 	 	 	under Uniform Gifts to Minors Act	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 	 

	 	 
	 

	 	(Cust)
	 	 	 	(Minor)
	 	 	 	(State)	 	 

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

FORM OF ASSIGNMENT

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
(Please insert Social Security Number, Taxpayer Identification No., or other identifying number of
assignee)

 

(Please print or typewrite name and address, including postal zip code, of assignee)

the within Note of NORTHROP GRUMMAN CORPORATION and all rights thereunder, hereby irrevocably
constituting and appointing:

 

 

(Please print or typewrite name and address, including postal zip code, of attorney)

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

	 	 	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 

	 	 	 	 	 	(Signature)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	(Please print or typewrite name and title if
signing on behalf of an entity)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	NOTICE: The signature to this assignment must
correspond with the name as written upon the face
of the within instrument in every particular
without alteration or enlargement, or any change
whatsoever.	 	 
	Signature(s) Guaranteed:	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 

Reverse Side of Form of 1.850% Senior Note due 2015

A-6

 

	 	 	 	 	 	 	 	 	 

	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	(Signature(s) must be guaranteed by an Eligible
Guarantor Institution with membership in an
approved signature guarantee program pursuant to
Rule 17Ad-15 under the Securities Exchange Act of
1934.)	 	 

Reverse Side of Form of 1.850% Senior Note due 2015

A-7

 

EXHIBIT B

[FORM OF FACE OF 2021 NOTE]

[Global Securities Legend]

[THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS
NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE.]*

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

			
	Registered
	 	CUSIP No.: 666807 BE1
	No. [____]
	 	Principal Amount: $[__________]

NORTHROP GRUMMAN CORPORATION

3.500% Senior Note due 2021

1. Principal and Interest. NORTHROP GRUMMAN CORPORATION, a corporation duly organized and
existing under the laws of Delaware (herein called the “Company,” which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
[_______________________]‡ [ CEDE & CO.]§, or registered assigns, the
principal sum of ____________________ Dollars, on March 15, 2021 (the “Maturity

 

			
	*	 	To be included only if the Note is a Global
Note.
	 
	†	 	To be included only if the Depositary is The
Depository Trust Company.
	 
	‡	 	To be included only if the Note is not a
Global Note.
	 
	§	 	To be included only if the Note is a Global
Note.

Face of Form of 3.500% Senior Note due 2021

B-1

 

Date”) , and to pay interest thereon from November 8, 2010 (the “Original Issue Date”), or from the
most recent Interest Payment Date to which interest has been paid or duly provided for,
semi-annually in arrears on March 15 and September 15 in each year (each an “Interest Payment
Date”), commencing March 15, 2011, at the rate of 3.500% per annum until the principal hereof is
paid or made available for payment. Interest will be computed on the basis of a 360 day year of
twelve 30 day months. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date and on the Maturity Date will, as provided in the Indenture, be paid to the
Person in whose name this Note (or one or more Predecessor Securities to this Note (the
“Predecessor Notes”)) is registered at the close of business on the March 1 or September 1 (whether
or not a Business Day) (each, a “Regular Record Date”), as the case may be, next preceding such
Interest Payment Date or the Maturity Date, as applicable. Any such interest not so punctually
paid or duly provided for will forthwith cease to be payable to such Person on such Regular Record
Date and may either be paid to the Holder 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 under the Indenture, notice whereof shall be given to
Holders of Notes 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
the Notes may be listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture. Interest payable on this Note on any Interest Payment Date and
on the Maturity Date, as the case may be, will be the amount of interest accrued from and including
the immediately preceding Interest Payment Date (or from and including the Original Issue Date, in
the case of the initial Interest Payment Date) to but excluding the applicable Interest Payment
Date or the Maturity Date, as the case may be. If an Interest Payment Date or the Maturity Date
falls on a day that is not a Business Day, the payment will be made on the next Business Day as if
it were made on the date the payment was due, and no interest will accrue on the amount so payable
for the period from and after that Interest Payment Date or the Maturity Date, as the case may be.

2. Method of Payment. The Company will pay the principal of and premium, if any, and
interest on the Notes in money of the United States of America that at the time of payment is legal
tender for payment of public and private debts. [The Company will make all payments of interest on
this Global Note in accordance with the arrangements then existing between the Paying Agent and the
Depositary, and all payments of principal of and premium, if any, on this Global Note at the
Corporate Trust Office upon surrender of this Global Note for payment. ]** [ The Company
will make all payments of interest on this Note by mailing a check to the address of the Person
entitled thereto, and all payments of principal of and premium, if any, on this Note at the
Corporate Trust Office upon surrender of this Note for payment.]††

 

			
	**	 	To be included only if the Note is a Global
Note.
	 
	††	 	To be included only if the Note is not a
Global Note.

Face of Form of 3.500% Senior Note due 2021

B-2

 

     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, directly or through an Authenticating Agent, 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 Note to be duly executed.

	 	 	 	 	 
	 	NORTHROP GRUMMAN CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 

	TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	 
	 
	 	 	 	 
	This is one of the Securities of the series
designated therein referred to in the
within-mentioned Indenture	 	 
	 
	 	 	 	 
	THE BANK OF NEW YORK MELLON, as Trustee	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	Authorized Signatory
	 	 

	 	 	 	 	 

	Dated:
	 	 	 	 
	 

	 	 

	 	 

Face of Form of 3.500% Senior Note due 2021

B-3

 

[FORM OF REVERSE SIDE OF NOTE]

3.500% Senior Note due 2021

3. Paying Agent and Security Registrar. The Trustee shall initially act as the Paying
Agent and Security Registrar in respect of the Notes and its Corporate Trust Office is designated
as a place where the Notes may be presented for payment or for registration of transfer or
exchange. The Company may, however, change the Paying Agent or Security Registrar for the Notes
without prior notice to any Holders, and the Company or any Subsidiary may act as Paying Agent or
Security Registrar for the Notes.

4. Indenture. This Note is one of a duly authorized series of Securities issued or to be
issued in one or more series under an Indenture dated as of November 21, 2001 (the “Original
Indenture”), as supplemented and amended by a First Supplemental Indenture dated as of July 30,
2009 (the “First Supplemental Indenture”) and a Second Supplemental Indenture dated as of November
8, 2010 (the “Second Supplemental Indenture,” and, together with the Original Indenture and the
First Supplemental Indenture, the “Indenture”), by and between the Company and The Bank of New York
Mellon, as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture),
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, and of the
terms upon which the Notes are, and are to be, authenticated and delivered.

     This Note is one of the series designated as the “3.500% Senior Notes due 2021” of the Company
initially limited in aggregate principal amount to $700,000,000 (the “Notes”). Such series may be
reopened, from time to time, for issuances of an unlimited aggregate principal amount of additional
Securities of such series (the “Additional Notes”). Any such Additional Notes shall have the same
ranking, interest rate, maturity date and other terms as the Notes, except, if applicable, the
issue date, the issue price, the initial Interest Payment Date and corresponding initial Regular
Record Date, and the initial interest accrual date. Any such Additional Notes, together with the
Notes, shall constitute a single series of Securities for all purposes under the Indenture,
including voting, waivers, amendments and redemptions. Additional series of Securities may be
issued pursuant to the Indenture.

     The Notes are unsecured senior obligations of the Company and rank pari passu with all
unsecured and unsubordinated obligations of the Company.

     The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act. The Notes are subject to all those terms, and
Holders thereof are referred to the Indenture and the Trust Indenture Act for a statement of all
those terms. To the extent permitted by applicable law, in the event of any inconsistency between
the terms of this Note and the terms of the Indenture, the terms of the Indenture will control.

     Capitalized terms used but not defined in this Note have the respective meanings ascribed to
them by the Indenture.

Reverse Side of Form of 3.500% Senior Note due 2021

B-1

 

5. Optional Redemption. The Notes are subject to redemption, in whole at any time or in
part from time to time, at the option of the Company, in principal amounts of $1,000 and integral
multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in
part may not be less than $2,000), upon not less than 30 nor more than 60 days prior notice as
provided in the Indenture. The Redemption Price for the Notes will equal the sum of (i) the
greater of (y) 100% of the principal amount of the Notes then Outstanding to be redeemed and (z)
the sum of the present values of the remaining scheduled payments of principal and interest on the
Notes being redeemed (not including any portion of any payments of such interest accrued as of the
Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at a rate equal to the sum of the Adjusted Treasury Rate (as
defined below), as determined by the Independent Investment Banker (as defined below), plus 15
basis points, and (ii) accrued and unpaid interest thereon to the Redemption Date.

     Notwithstanding the foregoing, installments of interest on Notes that are due and payable on
Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Interest
Payment Date to the Holders thereof as of the close of business on the corresponding Regular Record
Date pursuant to Section 1 of this Note and Section 205 of the Second Supplemental Indenture.

     “Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal
to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price
for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

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

     “Comparable Treasury Price” means, with respect to any Redemption Date, (A) the arithmetic
mean of the Reference Treasury Dealer Quotations received for such Redemption Date, or (B) if only
one Reference Treasury Dealer Quotation is received, such quotation.

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

     “Reference Treasury Dealer” means (A) Citigroup Global Markets Inc., J.P. Morgan Securities
LLC and RBS Securities Inc. (or their respective affiliates which are primary U.S. Government
securities dealers in the United States (“Primary Treasury Dealers”)), and their respective
successors; provided, however, that if any of the foregoing shall cease to be a
Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer; and
(B) any other Primary Treasury Dealer(s) selected by the Company.

     “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the arithmetic mean of the bid and asked prices for the

Reverse Side of Form of 3.500% Senior Note due 2021

B-2

 

Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. (New York City
time) on the third Business Day preceding such Redemption Date, as determined by the Company.

     The Company shall give the Trustee notice of the Redemption Price promptly after the
calculation thereof and the Trustee shall have no responsibility for such calculation.

6. Sinking Fund. The Notes are not subject to any sinking fund or analogous provisions.

7. Denominations; Transfer; Exchange. The Notes are in registered form without coupons in
denominations of $2,000 and whole multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Notes in accordance with the Indenture. Every Note presented or surrendered for
registration of transfer or for exchange shall (if so required by the Company or the Trustee) be
duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the Holder thereof or its attorney duly
authorized in writing. No service charge shall be made for any registration of transfer or
exchange of this Note, but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such registration of transfer
or exchange, other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.
If the Notes are to be redeemed in part, the Company shall not be required (A) to issue, register
the transfer of or exchange any Notes during the period beginning at the opening of business 15
days before the day of the mailing of the applicable notice of redemption and ending at the close
of business on the day of such mailing, or (B) to register the transfer of or exchange any Note so
selected for redemption in whole or in part (except the unredeemed portion of any Note being
redeemed in part).

8. Persons Deemed Owner. The Holder of this Note may be treated as the owner of this Note
for all purposes.

9. Unclaimed Funds. If money for the payment of principal, premium or interest of or on
the Notes remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to
the Company at its written request, subject to any applicable abandoned property laws. After any
such payment, Holders entitled to the money must look only to the Company and not to the Trustee or
any Paying Agent for payment.

10. Defeasance and Discharge. The Notes will be subject to defeasance and discharge as set
forth in Section 1302 of the Indenture and to covenant defeasance as set forth in Section 1303 of
the Indenture.

11. Amendment; Waiver. The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the Company and the
rights of the Holders of the Securities of each series to be affected under the Indenture at any
time by the Company and the Trustee with the consent of the Holders of a majority in principal
amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of

Reverse Side of Form of 3.500% Senior Note due 2021

B-3

 

such series, to waive compliance by the Company 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 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.

12. Defaults and Remedies. If an Event of Default with respect to the Notes shall occur
and be continuing, the principal of the Notes may be declared due and payable in the manner and
with the effect provided in the Indenture. 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: the 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 reasonable indemnity; the Trustee for 60 days after its receipt of such notice, request and
offer of indemnity has failed to institute any such proceeding; and no direction inconsistent with
such written request has been given to the Trustee during such 60-day period by the Holders of a
majority in principal amount of the Outstanding Notes. 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 any
premium or interest hereon on or after the respective due dates expressed herein (including, in
case of a redemption, on the Redemption Date).

13. Obligations Absolute. 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.

14. No Recourse Against Others. No recourse shall be had for the payment of the principal
of, or premium, if any, or interest on this Note, or for any claim based hereon or otherwise in
respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto,
against any incorporator, stockholder, officer or director, as such, past, present or future, of
the Company or of any successor corporation, whether by virtue of any constitution, statute or rule
of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being,
by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived
and released.

15. Trustee Dealings with the Company. Subject to certain limitations imposed by the Trust
Indenture Act, the Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the
Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

Reverse Side of Form of 3.500% Senior Note due 2021

B-4

 

16. Successors and Assigns. All covenants and agreements in the Indenture by the Company
shall bind its successors and assigns, whether so expressed or not, except as provided in Section
802 of the Indenture.

17. Governing Law. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAW.

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

 

     The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to:

Northrop Grumman Corporation

1840 Century Park East

Los Angeles, California 90067

Attention: Corporate Vice President, Deputy General Counsel and Secretary

 

Reverse Side of Form of 3.500% Senior Note due 2021

B-5

 

ABBREVIATIONS

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

	 	 	 	 	 	 	 	 	 	 	 	 	 

	TEN COM —	 	as tenants in common
	TEN ENT —	 	as tenants by the entireties
	JT TEN —	 	as joint tenants with right of survivorship and not as tenants in common
	UNIF GIFT MIN ACT —

	 	 	 	Custodian
	 	 	 	under Uniform Gifts to Minors Act	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 	 

	 	 
	 

	 	(Cust)
	 	 	 	(Minor)
	 	 	 	(State)	 	 

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

FORM OF ASSIGNMENT

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
(Please insert Social Security Number, Taxpayer Identification No., or other identifying number of
assignee)

 

(Please print or typewrite name and address, including postal zip code, of assignee)

the within Note of NORTHROP GRUMMAN CORPORATION and all rights thereunder, hereby irrevocably
constituting and appointing:

 

 

(Please print or typewrite name and address, including postal zip code, of attorney)

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

	 	 	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 

	 	 	 	 	 	(Signature)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	(Please print or typewrite name and title if
signing on behalf of an entity)	 	 
	 
	 	 	 	 	 	 	 	 
	 

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

Reverse Side of Form of 3.500% Senior Note due 2021

B-6

 

	 	 	 	 	 	 	 	 	 

	Signature(s) Guaranteed:	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	(Signature(s) must be guaranteed by an Eligible
Guarantor Institution with membership in an
approved signature guarantee program pursuant to
Rule 17Ad-15 under the Securities Exchange Act of
1934.)	 	 

Reverse Side of Form of 3.500% Senior Note due 2021

B-7

 

EXHIBIT C

[FORM OF FACE OF 2040 NOTE]

[Global Securities Legend]

[THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF THE DEPOSITARY NAMED BELOW OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS
NOT EXCHANGEABLE FOR NOTES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS
NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS
NOTE (OTHER THAN A TRANSFER OF THIS NOTE AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY) MAY BE REGISTERED EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE.]*

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

			
	Registered
	 	CUSIP No.: 666807 BD3
	No. [____]
	 	Principal Amount: $[__________]

NORTHROP GRUMMAN CORPORATION

5.050% Senior Note due 2040

1. Principal and Interest. NORTHROP GRUMMAN CORPORATION, a corporation duly organized and
existing under the laws of Delaware (herein called the “Company,” which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
[_______________________]‡ [ CEDE & CO.]§, or registered assigns, the
principal sum of ____________________ Dollars, on November 15, 2040 (the

 

			
	*	 	To be included only if the Note is a Global
Note.
	 
	†	 	To be included only if the Depositary is The
Depository Trust Company.
	 
	‡	 	To be included only if the Note is not a
Global Note.
	 
	§	 	To be included only if the Note is a Global
Note.

Face of Form of 5.050% Senior Note due 2040

C-1

 

“Maturity Date”) , and to pay interest thereon from November 8, 2010 (the “Original Issue Date”),
or from the most recent Interest Payment Date to which interest has been paid or duly provided for,
semi-annually in arrears on May 15 and November 15 in each year (each an “Interest Payment Date”),
commencing May 15, 2011, at the rate of 5.050% per annum until the principal hereof is paid or made
available for payment. Interest will be computed on the basis of a 360 day year of twelve 30 day
months. The interest so payable, and punctually paid or duly provided for, on any Interest Payment
Date and on the Maturity Date will, as provided in the Indenture, be paid to the Person in whose
name this Note (or one or more Predecessor Securities to this Note (the “Predecessor Notes”)) is
registered at the close of business on the May 1 or November 1 (whether or not a Business Day)
(each, a “Regular Record Date”), as the case may be, next preceding such Interest Payment Date or
the Maturity Date, as applicable. Any such interest not so punctually paid or duly provided for
will forthwith cease to be payable to such Person on such Regular Record Date and may either be
paid to the Holder 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 under the Indenture, notice whereof shall be given to Holders of Notes 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 the Notes may be listed, and
upon such notice as may be required by such exchange, all as more fully provided in said Indenture.
Interest payable on this Note on any Interest Payment Date and on the Maturity Date, as the case
may be, will be the amount of interest accrued from and including the immediately preceding
Interest Payment Date (or from and including the Original Issue Date, in the case of the initial
Interest Payment Date) to but excluding the applicable Interest Payment Date or the Maturity Date,
as the case may be. If an Interest Payment Date or the Maturity Date falls on a day that is not a
Business Day, the payment will be made on the next Business Day as if it were made on the date the
payment was due, and no interest will accrue on the amount so payable for the period from and after
that Interest Payment Date or the Maturity Date, as the case may be.

2. Method of Payment. The Company will pay the principal of and premium, if any, and
interest on the Notes in money of the United States of America that at the time of payment is legal
tender for payment of public and private debts. [The Company will make all payments of interest on
this Global Note in accordance with the arrangements then existing between the Paying Agent and the
Depositary, and all payments of principal of and premium, if any, on this Global Note at the
Corporate Trust Office upon surrender of this Global Note for payment. ]** [ The Company
will make all payments of interest on this Note by mailing a check to the address of the Person
entitled thereto, and all payments of principal of and premium, if any, on this Note at the
Corporate Trust Office upon surrender of this Note for payment.]††

 

			
	**	 	To be included only if the Note is a Global
Note.
	 
	††	 	To be included only if the Note is not a
Global Note.

Face of Form of 5.050% Senior Note due 2040

C-2

 

     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, directly or through an Authenticating Agent, 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 Note to be duly executed.

	 	 	 	 	 
	 	NORTHROP GRUMMAN CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 

	TRUSTEE’S CERTIFICATE OF AUTHENTICATION	 	 
	 
	 	 	 	 
	This is one of the Securities of the series
designated therein referred to in the
within-mentioned Indenture	 	 
	 
	 	 	 	 
	THE BANK OF NEW YORK MELLON, as Trustee	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	Authorized Signatory
	 	 

	 	 	 	 	 

	Dated:
	 	 	 	 
	 

	 	 

	 	 

Face of Form of 5.050% Senior Note due 2040

C-3

 

[FORM OF REVERSE SIDE OF NOTE]

5.050% Senior Note due 2040

3. Paying Agent and Security Registrar. The Trustee shall initially act as the Paying
Agent and Security Registrar in respect of the Notes and its Corporate Trust Office is designated
as a place where the Notes may be presented for payment or for registration of transfer or
exchange. The Company may, however, change the Paying Agent or Security Registrar for the Notes
without prior notice to any Holders, and the Company or any Subsidiary may act as Paying Agent or
Security Registrar for the Notes.

4. Indenture. This Note is one of a duly authorized series of Securities issued or to be
issued in one or more series under an Indenture dated as of November 21, 2001 (the “Original
Indenture”), as supplemented and amended by a First Supplemental Indenture dated as of July 30,
2009 (the “First Supplemental Indenture”) and a Second Supplemental Indenture dated as of November
8, 2010 (the “Second Supplemental Indenture,” and, together with the Original Indenture and the
First Supplemental Indenture, the “Indenture”), by and between the Company and The Bank of New York
Mellon, as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture),
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, and of the
terms upon which the Notes are, and are to be, authenticated and delivered.

     This Note is one of the series designated as the “5.050% Senior Notes due 2040” of the Company
initially limited in aggregate principal amount to $300,000,000 (the “Notes”). Such series may be
reopened, from time to time, for issuances of an unlimited aggregate principal amount of additional
Securities of such series (the “Additional Notes”). Any such Additional Notes shall have the same
ranking, interest rate, maturity date and other terms as the Notes, except, if applicable, the
issue date, the issue price, the initial Interest Payment Date and corresponding initial Regular
Record Date, and the initial interest accrual date. Any such Additional Notes, together with the
Notes, shall constitute a single series of Securities for all purposes under the Indenture,
including voting, waivers, amendments and redemptions. Additional series of Securities may be
issued pursuant to the Indenture.

     The Notes are unsecured senior obligations of the Company and rank pari passu with all
unsecured and unsubordinated obligations of the Company.

     The terms of the Notes include those stated in the Indenture and those made part of the
Indenture by reference to the Trust Indenture Act. The Notes are subject to all those terms, and
Holders thereof are referred to the Indenture and the Trust Indenture Act for a statement of all
those terms. To the extent permitted by applicable law, in the event of any inconsistency between
the terms of this Note and the terms of the Indenture, the terms of the Indenture will control.

     Capitalized terms used but not defined in this Note have the respective meanings ascribed to
them by the Indenture.

Reverse Side of Form of 5.050% Senior Note due 2040

C-1

 

5. Optional Redemption. The Notes are subject to redemption, in whole at any time or in
part from time to time, at the option of the Company, in principal amounts of $1,000 and integral
multiples of $1,000 above such amount (provided that the unredeemed portion of any Note redeemed in
part may not be less than $2,000), upon not less than 30 nor more than 60 days prior notice as
provided in the Indenture. The Redemption Price for the Notes will equal the sum of (i) the
greater of (y) 100% of the principal amount of the Notes then Outstanding to be redeemed and (z)
the sum of the present values of the remaining scheduled payments of principal and interest on the
Notes being redeemed (not including any portion of any payments of such interest accrued as of the
Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at a rate equal to the sum of the Adjusted Treasury Rate (as
defined below), as determined by the Independent Investment Banker (as defined below), plus 20
basis points, and (ii) accrued and unpaid interest thereon to the Redemption Date.

     Notwithstanding the foregoing, installments of interest on Notes that are due and payable on
Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Interest
Payment Date to the Holders thereof as of the close of business on the corresponding Regular Record
Date pursuant to Section 1 of this Note and Section 205 of the Second Supplemental Indenture.

     “Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal
to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price
for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

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

     “Comparable Treasury Price” means, with respect to any Redemption Date, (A) the arithmetic
mean of the Reference Treasury Dealer Quotations received for such Redemption Date, or (B) if only
one Reference Treasury Dealer Quotation is received, such quotation.

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

     “Reference Treasury Dealer” means (A) Citigroup Global Markets Inc., J.P. Morgan Securities
LLC and RBS Securities Inc. (or their respective affiliates which are primary U.S. Government
securities dealers in the United States (“Primary Treasury Dealers”)), and their respective
successors; provided, however, that if any of the foregoing shall cease to be a
Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer; and
(B) any other Primary Treasury Dealer(s) selected by the Company.

     “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer
and any Redemption Date, the arithmetic mean of the bid and asked prices for the

Reverse Side of Form of 5.050% Senior Note due 2040

C-2

 

Comparable Treasury Issue (expressed in each case as a percentage of its principal amount)
quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. (New York City
time) on the third Business Day preceding such Redemption Date, as determined by the Company.

     The Company shall give the Trustee notice of the Redemption Price promptly after the
calculation thereof and the Trustee shall have no responsibility for such calculation.

6. Sinking Fund. The Notes are not subject to any sinking fund or analogous provisions.

7. Denominations; Transfer; Exchange. The Notes are in registered form without coupons in
denominations of $2,000 and whole multiples of $1,000 in excess thereof. A Holder may transfer or
exchange Notes in accordance with the Indenture. Every Note presented or surrendered for
registration of transfer or for exchange shall (if so required by the Company or the Trustee) be
duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the Holder thereof or its attorney duly
authorized in writing. No service charge shall be made for any registration of transfer or
exchange of this Note, but the Company may require payment of a sum sufficient to cover any tax or
other governmental charge that may be imposed in connection with any such registration of transfer
or exchange, other than exchanges pursuant to Section 304, 906 or 1107 not involving any transfer.
If the Notes are to be redeemed in part, the Company shall not be required (A) to issue, register
the transfer of or exchange any Notes during the period beginning at the opening of business 15
days before the day of the mailing of the applicable notice of redemption and ending at the close
of business on the day of such mailing, or (B) to register the transfer of or exchange any Note so
selected for redemption in whole or in part (except the unredeemed portion of any Note being
redeemed in part).

8. Persons Deemed Owner. The Holder of this Note may be treated as the owner of this Note
for all purposes.

9. Unclaimed Funds. If money for the payment of principal, premium or interest of or on
the Notes remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to
the Company at its written request, subject to any applicable abandoned property laws. After any
such payment, Holders entitled to the money must look only to the Company and not to the Trustee or
any Paying Agent for payment.

10. Defeasance and Discharge. The Notes will be subject to defeasance and discharge as set
forth in Section 1302 of the Indenture and to covenant defeasance as set forth in Section 1303 of
the Indenture.

11. Amendment; Waiver. The Indenture permits, with certain exceptions as therein provided,
the amendment thereof and the modification of the rights and obligations of the Company and the
rights of the Holders of the Securities of each series to be affected under the Indenture at any
time by the Company and the Trustee with the consent of the Holders of a majority in principal
amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the
Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of

Reverse Side of Form of 5.050% Senior Note due 2040

C-3

 

such series, to waive compliance by the Company 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 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.

12. Defaults and Remedies. If an Event of Default with respect to the Notes shall occur
and be continuing, the principal of the Notes may be declared due and payable in the manner and
with the effect provided in the Indenture. 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: the 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 reasonable indemnity; the Trustee for 60 days after its receipt of such notice, request and
offer of indemnity has failed to institute any such proceeding; and no direction inconsistent with
such written request has been given to the Trustee during such 60-day period by the Holders of a
majority in principal amount of the Outstanding Notes. 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 any
premium or interest hereon on or after the respective due dates expressed herein (including, in
case of a redemption, on the Redemption Date).

13. Obligations Absolute. 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.

14. No Recourse Against Others. No recourse shall be had for the payment of the principal
of, or premium, if any, or interest on this Note, or for any claim based hereon or otherwise in
respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto,
against any incorporator, stockholder, officer or director, as such, past, present or future, of
the Company or of any successor corporation, whether by virtue of any constitution, statute or rule
of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being,
by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived
and released.

15. Trustee Dealings with the Company. Subject to certain limitations imposed by the Trust
Indenture Act, the Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the
Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar
or such other agent.

Reverse Side of Form of 5.050% Senior Note due 2040

C-4

 

16. Successors and Assigns. All covenants and agreements in the Indenture by the Company
shall bind its successors and assigns, whether so expressed or not, except as provided in Section
802 of the Indenture.

17. Governing Law. THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF
LAW.

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

 

     The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to:

Northrop Grumman Corporation

1840 Century Park East

Los Angeles, California 90067

Attention: Corporate Vice President, Deputy General Counsel and Secretary

 

Reverse Side of Form of 5.050% Senior Note due 2040

C-5

 

ABBREVIATIONS

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

	 	 	 	 	 	 	 	 	 	 	 	 	 

	TEN COM —	 	as tenants in common
	TEN ENT —	 	as tenants by the entireties
	JT TEN —	 	as joint tenants with right of survivorship and not as tenants in common
	UNIF GIFT MIN ACT —

	 	 	 	Custodian
	 	 	 	under Uniform Gifts to Minors Act	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 	 

	 	 
	 

	 	(Cust)
	 	 	 	(Minor)
	 	 	 	(State)	 	 

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

FORM OF ASSIGNMENT

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
(Please insert Social Security Number, Taxpayer Identification No., or other identifying number of
assignee)

 

(Please print or typewrite name and address, including postal zip code, of assignee)

the within Note of NORTHROP GRUMMAN CORPORATION and all rights thereunder, hereby irrevocably
constituting and appointing:

 

 

(Please print or typewrite name and address, including postal zip code, of attorney)

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

	 	 	 	 	 	 	 	 	 

	Dated:
	 	 	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

	 	 
	 

	 	 	 	 	 	(Signature)	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	(Please print or typewrite name and title if
signing on behalf of an entity)	 	 
	 
	 	 	 	 	 	 	 	 
	 

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

Reverse Side of Form of 5.050% Senior Note due 2040

C-6

 

	 	 	 	 	 	 	 	 	 

	Signature(s) Guaranteed:	 	 	 	 	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	 	 	(Signature(s) must be guaranteed by an Eligible
Guarantor Institution with membership in an
approved signature guarantee program pursuant to
Rule 17Ad-15 under the Securities Exchange Act of
1934.)	 	 

Reverse Side of Form of 5.050% Senior Note due 2040

C-7exv10w1

Exhibit 10.1

[Non-Employee Director RSU]

John B. Sanfilippo & Son, Inc. 2008 Equity Incentive Plan

 

 
Restricted Stock Unit Award Agreement 

___________ ___, 20__

[Name]

[Address]

[City]

In accordance with the terms of the John B. Sanfilippo & Son, Inc. 2008 Equity Incentive Plan (the
“Plan”), pursuant to action of the Board of John B. Sanfilippo & Son, Inc. (the “Company”), the
Company hereby grants to you (the “Recipient”), subject to the terms and conditions set forth in
this Restricted Stock Unit Award Agreement (including Annex A hereto), Restricted Stock Units
(“RSUs”), as set forth below.

Unless otherwise specified, capitalized terms shall have the meanings specified in the Plan. The
terms and conditions of the Plan are incorporated by reference and govern except to the extent
that, when permitted by the Plan, this RSU Award Agreement provides otherwise.

Each RSU corresponds to one share of the Company’s Common Stock (“Share”). An RSU is an unfunded
and unsecured promise by the Company to deliver one Share on a future date as set forth herein.
Until such delivery, you only have the rights of a general unsecured creditor of the Company and
not as a stockholder with respect to the Shares underlying your RSUs.

	 	 	 

	Number of RSUs Granted:
	 	_______

	 	 	 

	Date of Grant:
	 	__________ ___, 20__

	 	 	 

	Period of Restriction:
	 	Date of Grant through the date of the Company’s
next Annual Meeting of stockholders.

	 	 	 

	Share Payment Date:
	 	Each RSU will convert to one Share on the day
following the date the Period of Restriction ends
with respect to that RSU, with the Share being
delivered to the Recipient as soon as
administratively possible thereafter, (but no
later than 60 days thereafter).

RSUs are subject to forfeiture as provided herein (including Annex A) and the Plan.

Further terms and conditions of your Award of RSUs are set forth in Annex A, which is an integral
part of this RSU Award Agreement.

By accepting this Award, you hereby acknowledge the receipt of a copy of this RSU Award Agreement
including Annex A, and a copy of the Plan and agree to be bound by all terms and provisions hereof
and thereto.

Tom Fordonski

Senior Vice President, Human Resources

John B. Sanfilippo & Son, Inc.

Page 1 of 3

 

[Non-Employee Director RSU]

Annex A

 

 
Restricted Stock Unit Award Agreement 

Further Terms and Conditions of Award. It is understood and agreed that the Award of RSUs
evidenced by the RSU Award Agreement to which this is annexed is subject to the following
additional terms and conditions:

	 	1.	 	Termination of Service. Upon the Recipient’s Termination of Service, all unvested RSUs,
(RSUs for which the Period of Restriction has not lapsed) shall be treated as follows:

	 	a.	 	Death or Permanent Disability — If the Recipient’s Termination of
Service is on account of death or Permanent Disability, then all of the unvested
RSUs shall immediately become nonforfeitable and the restrictions with respect to
the RSUs shall lapse as of the date of death or the date the Compensation Committee
of the Company (the “Committee”) determines that a Permanent Disability occurred;
and
	 
	 	b.	 	Any Other Reason — If the Recipient’s Termination of Service is on
account of any other reason, including Retirement, then all unvested RSUs shall be
forfeited as of the end of the day of such Termination of Service.

	 	2.	 	Fractional Shares. If any calculation of Shares to be awarded or to be forfeited or to
be released from restrictions or limitations would result in a fraction, any fraction of
0.5 or greater will be rounded to one, and any fraction of less than 0.5 will be rounded to
zero.
	 
	 	3.	 	Ratification of Actions. By accepting the RSU Award or other benefit under the Plan,
the Recipient and each person claiming under or through him shall be conclusively deemed to
have indicated the Recipient’s acceptance and ratification of, and consent to, any action
taken under the Plan or the RSU Award by the Company, the Board or the Committee.
	 
	 	4.	 	Notices. Any notice hereunder to the Company shall be addressed to its Vice President,
Human Resources, and any notice hereunder to Recipient shall be addressed to him or her at
the address contained in the Company’s records, subject to the right of either party to
designate at any time hereafter in writing some other address.
	 
	 	5.	 	Nontransferability. Recipient may not sell, transfer, assign, pledge or otherwise
dispose of the RSUs covered by this RSU Award Agreement, other than by will or by the laws
of descent and distribution until the Share Payment Date.
	 
	 	6.	 	Governing Law and Severability. This RSU Award Agreement shall be subject to all
applicable laws, rules, and regulations, and to such approvals by any governmental agencies
or national securities exchanges as may be required. To the extent not preempted by
Federal law, the RSU Award Agreement will be governed by and construed in accordance with
the laws of the State of Delaware, without regard to conflicts of law provisions. The
provisions of this RSU Award Agreement are severable and if any one or more provisions are

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[Non-Employee Director RSU]

	 	 	 	determined to be illegal or otherwise unenforceable, in whole or in part, the remaining
provisions shall nevertheless be binding and enforceable.
	 
	 	7.	 	Definitions. Capitalized terms not otherwise defined in the RSU Award Agreement or in
this Annex A attached thereto shall have the meanings given them in the Plan.
	 
	 	8.	 	Code Section 409A. It is intended that this RSU Award Agreement will comply with Code
Section 409A to the extent applicable, and the Plan and the RSU Award Agreement shall be
interpreted and construed on a basis consistent with such intent. The RSU Award Agreement
may be amended in any respect deemed necessary (including retroactively) by the Committee
in order to preserve compliance with (or exemption from) Code Section 409A. The preceding
shall not be construed as a guarantee of any particular tax effect for any benefits or
amounts paid pursuant to this RSU Award Agreement.
	 
	 	9.	 	Waiver. The Recipient and every person claiming under or through the Recipient hereby
waives to the fullest extent permitted by applicable law any right to a trial by jury with
respect to any litigation directly or indirectly arising out of, under, or in connection
with the Plan or this RSU Award Agreement issued pursuant to the Plan.
	 
	 	10.	 	Interpretation. The Committee shall have final authority to interpret and construe the
Plan and this RSU Award Agreement and to make any and all determinations thereunder, and
its decision shall be binding and conclusive upon the Recipient and his/her legal
representative in respect of any questions arising under the Plan or this RSU Award
Agreement.
	 
	 	11.	 	Securities Laws. The Recipient acknowledges that certain restrictions under state or
federal securities laws may apply with respect to the Shares underlying the RSUs granted
pursuant to this RSU Award Agreement, even after the Shares have been delivered to the
Recipient. Specifically, Recipient acknowledges that, to the extent he or she is an
“affiliate” of the Company (as that term is defined by the Securities Act of 1933), the
Shares underlying the RSUs granted pursuant to this RSU Award Agreement are subject to
certain trading restrictions under applicable securities laws (including particularly the
Securities and Exchange Commission’s Rule 144). Recipient hereby agrees to execute such
documents and take such actions as the Company may reasonably require with respect to state
and federal securities laws and any restrictions on the resale of such shares which may
pertain under such laws.

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