Document:

Exhibit
10.7

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (this “Agreement”) is made as of this 1st day of January, 2020, by and between Acorn Energy,
Inc. (the “Company”) and Jan H. Loeb (“Loeb”).

 

RECITALS:

 

WHEREAS,
the Board of Directors of the Company (the “Board”) appointed Loeb to serve as the Company’s President and Chief
Executive Officer in January 2016; and

 

WHEREAS,
the Board appointed Loeb to the additional position of Acting CEO of the Company’s OmniMetrix subsidiary in November 2019;
and

 

WHEREAS,
the Board desires to engage Loeb, upon the terms and conditions hereinafter set forth, to continue provide consulting and other
services to the Company and to OmniMetrix as provided for herein; and

 

WHEREAS,
Loeb has agreed to provide such consulting and other services to the Company and to OmniMetrix, upon the terms and conditions
hereinafter set forth;

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereby agree as follows:

 

	1.	Engagement.
    The Company hereby agrees to engage Loeb to render the consulting and other services described herein, and Loeb hereby accepts
    such engagement.
	 	 
	2.	Term.
    The engagement of Loeb by the Company as provided in Section 1 shall commence on the date hereof, and continue through and
    until December 31, 2020, unless earlier terminated as hereinafter provided (the period of such engagement, the “Term”).
    
	 	 
	3.	Services.
    Loeb shall provide such consulting services to the Company as Loeb and the Company shall mutually agree upon from time to
    time. Loeb shall serve as the Company’s principal executive officer in the capacities of President and Chief Executive
    Officer and shall also serve as principal executive officer of the Company’s OmniMetrix subsidiary in the capacity of
    Acting CEO, with all the power and authority and executing all the functions associated with such offices, and shall commit
    sufficient business time to effectively discharge the responsibilities of President and Chief Executive Officer of the Company
    and Acting CEO of OmniMetrix, without any additional compensation beyond that provided for in this Agreement. The foregoing
    notwithstanding, nothing in this Agreement shall restrict Loeb from performing his other duties at Leap Tide and/or accepting
    consulting or employment arrangements or other positions outside of his activities for the Company. 

 

    	 

    	 

    

 

	4.	Payment
    and Expenses.

 

	 	(a)	Cash
    Payment. The Company shall pay to Loeb compensation in the amount of $16,000 per month during the Term for service as
    President and Chief Executive Officer of the Company, and additional $10,000 per month during the Term for so long as he serves
    as Acting CEO of OmniMetrix. 
	 	 	 
	 	(b)	Options.
    Upon the execution of this Agreement, Loeb shall be granted options to purchase 35,000 shares of the Company’s Common
    Stock. The options shall be exercisable at an exercise price equal to the closing price of the common stock on December 31,
    2019, and will allow for cashless exercise if there is no effective registration statement covering the issuance or resale
    of the shares. Twenty-five percent (25%) of the options shall be vested immediately; the remaining options shall vest in three
    equal increments on April 1, 2020, July 1, 2020 and October 1, 2020. The exercise period and other terms shall otherwise be
    substantially the same as the terms of the options granted by the Company to its outside directors.
	 	 	 
	 	(c)	Expenses.
    Loeb shall be entitled to reimbursement for any out of pocket expenses (travel, transportation, office, etc.) incurred in
    connection with the consulting services rendered pursuant hereto. 
	 	 	 
	 	(d)	D&O
    Coverage. The Company has confirmed that Loeb will be covered by the Company’s primary and excess D&O insurance
    policy in his capacities of director as well as President and Chief Executive Officer, notwithstanding the fact that he is
    not an employee of the Company, on the same basis as the other directors and executive officers of the Company. 
	 	 	 
	 	(e)	No
    Other Compensation. Other than as set forth herein or otherwise agreed in writing, Loeb shall not receive any other compensation
    or benefits in connection with this Agreement or his service as a director and President and Chief Executive Officer of the
    Company. 

 

	5.	Termination.
    The Term of this Agreement may be terminated early for any or no reason with or without cause (i) by Loeb at any time upon
    thirty (30) days’ written notice to the Company and (ii) by the Company on at least 15 (fifteen) days’ written
    notice to Loeb. In the event if a termination of this Agreement at the end of the Term or upon an early termination in accordance
    with this Section, the Company shall no longer be obligated to pay the monthly cash compensation provided for in Section 4(a)
    but shall be required to pay any accrued and unpaid amounts payable to Loeb under Section 4. 
	 	 
	6.	Covenants
    of Loeb. 

 

	 	(a)	Loeb
    recognizes that the knowledge of, information concerning, and relationship with, customers, suppliers and agents, and the
    knowledge of the Company’s business methods, systems, plans and policies which Loeb will establish, receive or obtain
    as a consultant to the Company, are valuable and unique assets of the business of the Company. Loeb will not, during or following
    the Term, use or disclose any such knowledge or information pertaining to the Company, its customers, suppliers, agents, policies
    or other aspects of its business, for any reason or purpose, whatsoever except pursuant to Loeb’s duties hereunder or
    as otherwise authorized by the Company in writing. The foregoing restriction shall not apply, following termination of Loeb’s
    engagement hereunder, to knowledge or information which (i) is in or enters the public domain without violation of this Agreement
    or other obligations of confidentiality by Loeb or his agents or representatives, (ii) Loeb can demonstrate was in his possession
    on a non-confidential basis prior to the commencement of this engagement with the Company, or (iii) Loeb can demonstrate was
    received or obtained by him on a non-confidential basis from a third party who did not acquire it wrongfully or under an obligation
    of confidentiality, subsequent to the termination of Loeb’s engagement hereunder.

 

    	 	2	 

    	 

    

 

	 	(b)	All
    memoranda, notes, records or other documents made or compiled by Loeb or made available to Loeb while engaged concerning customers,
    suppliers, agents or personnel of the Company, or the Company’s business methods, systems, plans and policies, shall
    be the Company’s property and shall be delivered to the Company on termination of Loeb’s engagement or at any
    other time on request.
	 	 	 
	 	(c)	During
    the term of Loeb’s engagement and for one year thereafter, Loeb shall not, except pursuant to and in furtherance of
    Loeb’s duties hereunder, directly or indirectly solicit or initiate contact with any employee of the Company or its
    subsidiaries with a view to inducing or encouraging such employee to leave the employ of the Company for the purpose of being
    hired by Loeb, an employer affiliated with Loeb or any competitor of the Company.
	 	 	 
	 	(d)	Loeb
    acknowledges that the provisions of this section are reasonable and necessary for the protection of the Company and that the
    Company will be irrevocably damaged if such covenants are not specifically enforced. Accordingly, Loeb agrees that, in addition
    to any other relief to which the Company may be entitled in the form of actual or punitive damages, the Company shall be entitled
    to seek and obtain injunctive relief from a court of competent jurisdiction for the purposes of restraining Loeb from any
    actual or threatened breach of such covenants.

 

	7.	Independent
    Contractor Status. It is the express intention of the Company and Loeb that Loeb performs the covered services under this
    Agreement, including his services as President and Chief Executive Officer of the Company, as an independent contractor. Nothing
    in this Agreement shall in any way be construed to constitute Loeb as an employee. 
	 	 
	8.	Entire
    Agreement. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof.
    This Agreement may not be modified or extended except by a writing signed by both parties hereto. This Agreement shall be
    binding upon and inure to the benefit of the parties and their respective legal representatives, successors and assigns.
	 	 
	9.	Governing
    Law. This Agreement and all matters and issues collateral thereto shall be governed by the laws of the State of Delaware
    applicable to contracts performed entirely therein.
	 	 
	10.	Severability.
    If any provision of this Agreement, as applied to either party or to any circumstance, shall be adjudged by a court to be
    void and unenforceable, the same shall in no way affect any other provision of this Agreement or the validity or enforceability
    thereof.
	 	 
	11.	Notices.
    All notices or other communications hereunder shall be given in writing and shall be deemed given if served personally,
    mailed by registered or certified mail, return receipt requested or sent by nationally recognized courier service, to the
    parties at the addresses below, or at such other address or addresses as they may hereafter designate in writing.

 

If
to the Company:

 

1000
N West Street

Suite
1200

Wilmington,
Delaware 19801

 

If
to Loeb:

 

10451
Mill Run Circle

Suite
400

Owings
Mills, MD 21117

 

[Remainder
of page intentionally left blank]

 

    	 	3	 

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date and year first above written.

 

	 	ACORN ENERGY, INC.
	 	 	 
	 	By:	 
	 	Name:
    	Tracy
    S. Clifford
	 	Title:	Chief
    Financial Officer
	 	 	 
	 	By:	 
	 	Name:	Jan
    H. LoebEX-4.1

 Exhibit 4.1 

SECOND SUPPLEMENTAL INDENTURE 

Dated as of March 25, 2020 

among 
 GENERAL DYNAMICS
CORPORATION 
 and 
 THE
GUARANTORS 
 and 
 THE
BANK OF NEW YORK MELLON 
 as Trustee 

to the 
 BASE INDENTURE

 Dated as of March 22, 2018 

PROVIDING FOR THE ISSUANCE OF 

3.250% Notes due 2025 
 3.500%
Notes due 2027 
 3.625% Notes due 2030 

4.250% Notes due 2040 
 4.250%
Notes due 2050 
  

 THIS SECOND SUPPLEMENTAL INDENTURE, dated as of March 25, 2020 (this “Second
Supplemental Indenture”), among General Dynamics Corporation, a Delaware corporation (the “Company”), the Guarantors (as defined herein) and The Bank of New York Mellon, a New York banking corporation, as trustee (the
“Trustee”) to the Indenture, dated as of March 22, 2018 (the “Base Indenture”), among the Company, the guarantors named therein and the Trustee. 

WHEREAS, the Company, the Guarantors and the Trustee have heretofore executed and delivered the Base Indenture to provide for the issuance
from time to time of Securities (as defined in the Base Indenture) of the Company, to be issued in one or more series; 
 WHEREAS,
Section 9.01(5) of the Base Indenture provides, among other things, that the Company and the Trustee may enter into indentures supplemental to the Base Indenture for, among other things, the purpose of establishing the designation, form, terms
and provisions of Securities of any series as provided by Articles 2 and 3 of the Base Indenture; 
 WHEREAS, the Company (i) desires
the issuance of five new series of Securities to be known as its “3.250% Notes due 2025” (the “2025 Notes”), “3.500% Notes due 2027” (the “2027 Notes”), “3.625% Notes due
2030” (the “2030 Notes”), “4.250% Notes due 2040” (the “2040 Notes”) and “4.250% Notes due 2050” (the “2050 Notes” and, together with the 2025 Notes, 2027
Notes, 2030 Notes and 2040 Notes, collectively, the “Notes”) and (ii) has requested the Trustee to enter into this Second Supplemental Indenture for the purpose of establishing the designation, form, terms and provisions of the
Securities of each such series; 
 WHEREAS, all action on the part of the Company necessary to authorize the issuance of said Securities
under the Base Indenture and this Second Supplemental Indenture has been duly taken; 
 WHEREAS, all acts and requirements necessary to make
this Second Supplemental Indenture the legal, valid and binding obligation of the Company have been done. 
 NOW, THEREFORE, THIS SECOND
SUPPLEMENTAL INDENTURE WITNESSETH: 
 That, in order to establish the designation, form, terms and provisions of, and to authorize the
authentication and delivery of, said Securities, and in consideration of the acceptance of said Securities by the Holders thereof and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows: 
  

 ARTICLE 1 

DEFINITIONS 

(a)    Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto
in the Base Indenture. 
 (b)    The rules of interpretation set forth in the Base Indenture shall be applied hereto as
if set forth in full herein. 
 (c)    For all purposes of this Second Supplemental Indenture, except as otherwise
expressly provided or unless the context otherwise requires, the following terms shall have the following respective meanings (such meanings shall apply equally to both the singular and plural forms of the respective terms). 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having
a maturity comparable to the remaining term of the Notes to be redeemed 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 such Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date for the
Notes, the average of the Reference Treasury Dealer Quotations obtained by the Company for that applicable Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or, if the Company obtains fewer than
four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations obtained by the Company. 

“Guarantors” means, initially, American Overseas Marine Company, LLC, a Delaware limited liability company, Bath Iron Works
Corporation, a Maine corporation, Electric Boat Corporation, a Delaware corporation, General Dynamics Government Systems Corporation, a Delaware corporation, General Dynamics Land Systems Inc., a Delaware corporation, General Dynamics Ordnance and
Tactical Systems, Inc., a Virginia corporation, General Dynamics-OTS, Inc., a Delaware corporation, Gulfstream Aerospace Corporation, a Delaware corporation, and National Steel and Shipbuilding Company, a
Nevada corporation. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers, to be appointed by the
Company. 
 “Notes” shall have the meaning ascribed thereto in the recitals hereof. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing 

  
 2 

 
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. 

“Reference Treasury Dealer” means each of (i) Wells Fargo Securities, LLC, BofA Securities, Inc. and J.P. Morgan
Securities LLC and their respective successors; and (ii) two other primary U.S. Government securities dealers (each a “Primary Treasury Dealer”) selected by the Company, and their respective successors. If any of the foregoing
ceases to be a Primary Treasury Dealer, the Company will appoint in its place another nationally recognized investment banking firm that is a Primary Treasury Dealer. 

“Remaining Scheduled Payments” means, with respect to each Note that the Company is redeeming, the remaining scheduled
payments of the principal thereof and interest thereon that would be due after the related Redemption Date but for such redemption. However, if the Redemption Date is not a scheduled interest payment date with respect to that Note, the amount of the
next succeeding scheduled interest payment on that Note will be deemed to be reduced by the amount of interest accrued on such Note to the Redemption Date. 

“Treasury Rate” means, with respect to any Redemption Date for the Notes, the rate per annum equal to the semi-annual
equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that Redemption Date. The
Treasury Rate will be calculated on and as of the third Business Day immediately preceding the Redemption Date. 
 ARTICLE 2 

GENERAL TERMS AND CONDITIONS OF THE
NOTES 
 Section 2.01. Designation and Principal Amount. 

(a)    There is hereby authorized a new series of Securities designated the 3.250% Notes due 2025. The aggregate principal
amount of the 2025 Notes authorized by this Second Supplemental Indenture shall initially be $750,000,000. 

(b)    There is hereby authorized a new series of Securities designated the 3.500% Notes due 2027. The aggregate principal
amount of the 2027 Notes authorized by this Second Supplemental Indenture shall initially be $750,000,000. 

(c)    There is hereby authorized a new series of Securities designated the 3.625% Notes due 2030. The aggregate principal
amount of the 2030 Notes authorized by this Second Supplemental Indenture shall initially be $1,000,000,000. 

  
 3 

 (d)    There is hereby authorized a new series of Securities designated
the 4.250% Notes due 2040. The aggregate principal amount of the 2040 Notes authorized by this Second Supplemental Indenture shall initially be $750,000,000. 

(e)    There is hereby authorized a new series of Securities designated the 4.250% Notes due 2050. The aggregate principal
amount of the 2050 Notes authorized by this Second Supplemental Indenture shall initially be $750,000,000. 
 (f)    The
Notes may be issued from time to time upon written order of the Company to the Trustee for the authentication and delivery of the Notes pursuant to Section 3.03 of the Base Indenture. 

(g)    The Notes shall have and be subject to such other terms as provided in the Base Indenture and shall be evidenced by
one or more Securities of that series in the form of Section 4.01 of this Second Supplemental Indenture. 

(h)    The Notes shall be issuable in denominations of $2,000 and integral multiples of $1,000 above that amount. 

Section 2.02. Maturity. 

(a)    The date upon which the 2025 Notes shall become due and payable at final maturity, together with any accrued and
unpaid interest, is April 1, 2025. 
 (b)    The date upon which the 2027 Notes shall become due and payable at
final maturity, together with any accrued and unpaid interest, is April 1, 2027. 
 (c)    The date upon which the
2030 Notes shall become due and payable at final maturity, together with any accrued and unpaid interest, is April 1, 2030. 

(d)    The date upon which the 2040 Notes shall become due and payable at final maturity, together with any accrued and
unpaid interest, is April 1, 2040. 
 (e)    The date upon which the 2050 Notes shall become due and payable at
final maturity, together with any accrued and unpaid interest, is April 1, 2050. 
 Section 2.03. Interest. 

(a)    The 2025 Notes will bear interest at the rate of 3.250% per annum from March 25, 2020, until the principal
thereof becomes due and payable. 
 (b)    The 2027 Notes will bear interest at the rate of 3.500% per annum from
March 25, 2020, until the principal thereof becomes due and payable. 
 (c)    The 2030 Notes will bear interest at
the rate of 3.625% per annum from March 25, 2020, until the principal thereof becomes due and payable. 

  
 4 

 (d)    The 2040 Notes will bear interest at the rate of 4.250% per annum
from March 25, 2020, until the principal thereof becomes due and payable. 
 (e)    The 2050 Notes will bear
interest at the rate of 4.250% per annum from March 25, 2020, until the principal thereof becomes due and payable. 

(f)    Interest on the Notes will be payable semi-annually in arrears on April 1 and October 1 of each year,
commencing October 1, 2020 (each such interest payment date, an “Interest Payment Date”) to the Person in whose name any such Note or any predecessor Note is registered, at the close of business on the Regular Record Date with
respect to the Notes for such interest installment, which, in the case of a Global Security, shall be the close of business on the March 15 and September 15 next preceding such Interest Payment Date. If the Notes are no longer in
book-entry only form, the Regular Record Dates for the Notes shall also be the close of business on the March 15 and September 15 next preceding such Interest Payment Date. 

(g)    In the event that any Interest Payment Date or maturity date with respect to the Notes is not a Business Day, then
payment of interest or principal payable on such date will be made on the next succeeding day which is a Business Day, with the same force and effect as if made on such date, and no interest shall accrue on the amount so payable for the period from
and after such Interest Payment Date or maturity date. 
 Section 2.04. Global Securities. 

(a)    Each series of Notes shall be issued in the form of one or more Global Securities in an aggregate principal amount
equal to the aggregate principal amount of all outstanding Notes of that series, to be registered in the name of the Depository, or its nominee, and delivered by the Trustee to or upon the order of the Depository for crediting to the accounts of its
participants pursuant to the written instructions of the Company. The Company upon any such presentation shall execute one or more Global Securities in such aggregate principal amount and deliver the same to the Trustee for authentication and
delivery in accordance with the Base Indenture and this Second Supplemental Indenture. Payments on Notes issued as one or more Global Securities will be made to the Depository. 

ARTICLE 3 

REDEMPTION OF THE NOTES 

Section 3.01. Optional Redemption of the Notes.  

(a)    The Company may, at its option, at any time and from time to time, redeem any series of the Notes issued under this
Second Supplemental Indenture, in whole or in part, upon payment of a redemption price (the “Redemption  

  
 5 

 
Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted
to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 45 basis points in the case of the
2025 Notes, 45 basis points in the case of the 2027 Notes, 45 basis points in the case of the 2030 Notes, 45 basis points in the case of the 2040 Notes and 45 basis points in the case of the 2050 Notes; provided that (i) if the Company redeems
any 2025 Notes on or after March 1, 2025 (one month prior to the maturity date of the 2025 Notes), (ii) if the Company redeems any 2027 Notes on or after February 1, 2027 (two months prior to the maturity date of the 2027 Notes), (iii) if
the Company redeems any 2030 Notes on or after January 1, 2030 (three months prior to the maturity date of the 2030 Notes), (iv) if the Company redeems any 2040 Notes on or after October 1, 2039 (six months prior to the maturity date of
the 2040 Notes), and (v) if the Company redeems any 2050 Notes on or after October 1, 2049 (six months prior to the maturity date of the 2050 Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes
to be redeemed. The Redemption Price for the Notes will include, in each case, accrued but unpaid interest, if any, on the principal amount of Notes being redeemed to but excluding the Redemption Date. 

(b)    With respect to the Notes, all references to Redemption Price in the Base Indenture shall mean Redemption Price as
defined in this Second Supplemental Indenture. 
 Section 3.02. No Sinking Fund.  

The Notes are not entitled to the benefit of any sinking fund. 

ARTICLE 4 
 FORM
OF NOTES 
 Section 4.01. Form of Note.  

The Notes and the Trustee’s certificate of authentication thereon shall be substantially in the respective forms set forth in Exhibits A,
B, C, D and E hereto. 
 ARTICLE 5 

ORIGINAL ISSUE OF NOTES 

Section 5.01. Original Issue of Notes: Further Issuances.  

(a)    Each of the 2025 Notes having an initial aggregate principal amount of $750,000,000, the 2027 Notes having an
initial aggregate principal amount of $750,000,000, the 2030 Notes having an initial aggregate principal amount of 

  
 6 

 
$1,000,000,000, the 2040 Notes having an initial aggregate principal amount of $750,000,000 and the 2050 Notes having an initial aggregate principal amount of $750,000,000 may, upon execution of
this Second Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said series of Notes to or upon the written order of the Company pursuant to
Section 3.03 of the Base Indenture without any further action of the Company. 
 (b)    The Company may, from time
to time, create and issue additional Notes of a series under this Second Supplemental Indenture ranking equally and ratably with the outstanding Notes of such series in all respects (or in all respects except for the payment of interest accruing
prior to the issue date of such additional Notes of such series or except for the first payment of interest following the issue date of such additional Notes of such series) without notice to or the consent of the Holders of outstanding Notes of
such series. The initially issued Notes of a series under this Second Supplemental Indenture and any additional Notes of such series subsequently issued shall be consolidated and form a single series for all purposes of this Second Supplemental
Indenture and shall have the same terms as to status, redemption or otherwise as the outstanding Notes of such series, and, provided the additional Notes of a series are fungible with the outstanding Notes of such series for U.S. federal income tax
purposes, the same CUSIP number as the outstanding Notes of such series. Any such additional series of Notes referred to in this Section 5.01 will be issued under a further supplemental indenture. 

ARTICLE 6 

MISCELLANEOUS 

Section 6.01. Ratification of Base Indenture. 

The Base Indenture, as supplemented by this Second Supplemental Indenture, is in all respects ratified and confirmed, and this Second
Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

Section 6.02. Trustee Not Responsible for Recitals.  

The recitals contained herein and in the Notes, except with respect to the Trustee’s certificates of authentication, shall be taken as
the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture or of the Notes. 

Section 6.03. Governing Law; Submission to Jurisdiction.  

  
 7 

 THIS SECOND SUPPLEMENTAL INDENTURE AND EACH NOTE OF EACH SERIES CREATED HEREUNDER SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. THE COMPANY, EACH GUARANTOR AND THE TRUSTEE HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY NEW YORK STATE
COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK OR ANY FEDERAL COURT SITTING IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS SECOND SUPPLEMENTAL
INDENTURE, THE GUARANTEES AND EACH NOTE OF EACH SERIES CREATED HEREUNDER, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, JURISDICTION OF THE AFORESAID COURTS. 

Section 6.04. Separability.  

In case any one or more of the provisions contained in this Second Supplemental Indenture or in any series of the Notes shall for any reason
be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Second Supplemental Indenture or of any series of the Notes, but this Second Supplemental
Indenture and any series of the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 6.05. Counterparts.  

This Second Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or electronic format (i.e. “pdf” or
“tif”) transmission shall constitute effective execution and delivery of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all purposes. Signatures of the
parties hereto transmitted by facsimile or electronic format (i.e. “pdf” or “tif”) shall be deemed to be their original signatures for all purposes. 

[Signature pages follow.] 

  
 8 

 IN WITNESS WHEREOF, the parties have caused this Second Supplemental Indenture to be duly
executed by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	GENERAL DYNAMICS CORPORATION
	 AMERICAN OVERSEAS MARINE

                COMPANY, 
LLC

		
	Each by:	 	/s/ David H. Fogg
		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer
	
	BATH IRON WORKS CORPORATION
	 ELECTRIC BOAT CORPORATION

	 GENERAL DYNAMICS GOVERNMENT

	
                SYSTEMS
CORPORATION

	 GENERAL DYNAMICS LAND

	
                SYSTEMS
INC.

	 GENERAL DYNAMICS ORDNANCE

	
                AND TACTICAL
SYSTEMS, INC.

	 GENERAL DYNAMICS-OTS, INC.

	 GULFSTREAM AEROSPACE

	
                
CORPORATION

	 NATIONAL STEEL AND

	
                SHIPBUILDING
COMPANY

		
	Each by:	 	/s/ David H. Fogg
		 	Name: David H. Fogg
		 	Title:   Treasurer

 [Signature Page to the Second Supplemental Indenture] 

 
			
	 THE BANK OF NEW YORK MELLON, as Trustee

		
	By:	 	/s/ Rita Duggan
	 Name: Rita Duggan

	 Title:   Vice President

 [Signature Page to the Second Supplemental Indenture] 

 EXHIBIT A 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	 	 CUSIP: 369550 BK3

ISIN: US369550BK32

 $[_____________] 

GENERAL DYNAMICS CORPORATION 

3.250% Notes due 2025 
 GENERAL
DYNAMICS CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to Cede & Co. or its registered assigns, the principal sum of [    ] ($[    ]) on April 1, 2025, and to pay interest thereon from and including March 25,
2020 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 

Interest will be paid semi-annually, in arrears, on April 1 and October 1 of each year (each, an “Interest Payment
Date”), commencing October 1, 2020, at the rate of 3.250% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will,
as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the March 15 and
September 15, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) 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. Payment of the principal of and interest on this Note will be made at the offices or agencies of the Company maintained
for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of the Company, interest on this Note may be paid by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States. Interest on 

 
overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 3.250% per annum. Interest on this Note shall be computed on the
basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 This Note shall not be entitled to any benefit under the Indenture, or be valid or
obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 
 The
provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on this
         day of                 , 2020. 

 

			
	 GENERAL DYNAMICS CORPORATION

		
	By:	 	 
		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	 Attest:

		
	By:	 	 
		 	 Name: L. Neal Wheeler

		 	 Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the 3.250% Notes due 2025 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                 	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF 3.250% NOTE DUE 2025) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of March 22, 2018 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as
trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of March 25, 2020, by and among the Company, the Guarantors named therein and the Trustee (the Base Indenture, as so
supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the
Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price
(the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 45 basis points; provided that if the Company redeems any Notes
on or after March 1, 2025 (one month prior to the maturity date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include accrued but
unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless the
Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will be
made upon not less than 10 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon the giving of such
notice, such Notes are deemed to have been paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or prior to the
Redemption Date, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not be required to

 
redeem such Notes. In the event that such notice of redemption contains such a condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter
notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly
return to the Holders thereof any of such Notes that had been surrendered for payment upon such redemption. 
 If the Notes are only
partially redeemed, the Notes to be redeemed shall be selected (a) in accordance with the procedures of the Depository, in the case of Notes in the form of Global Securities, or (b) by lot, in the case of Notes in definitive form. 

In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof. 
 In case an Event of Default, as defined in the Indenture, shall have occurred
and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent (including consents obtained in connection with a
tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Notes of
any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture with respect to such series and its consequences, except, among other things, a default not
theretofore cured in the payment of the principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be

 
conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 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 time and place and at
the rate and in the money herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized
denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent, the Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and
notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and
subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder
surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW
PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED, the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto 

Please insert Taxpayer Identification
No.:                                         
                                         
           
 Please print or typewrite name and address including 

zip code of
assignee:                                        
                                         
                                         
     
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

By:
                            

Date:                         

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of
Exchange	 	Amount of
Decrease in
Principal
Amount of
this Global
Note	 	Amount of
Increase in
Principal
Amount of
this
Global
Note	 	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	 	Signature of
Authorized
Signatory of
Trustee

 EXHIBIT B 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	 	 CUSIP: 369550 BL1

ISIN: US369550BL15

 $[_____________] 

GENERAL DYNAMICS CORPORATION 

3.500% Notes due 2027 
 GENERAL
DYNAMICS CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to Cede & Co. or its registered assigns, the principal sum of [    ] ($[    ]) on April 1, 2027, and to pay interest thereon from and including March 25,
2020 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 

Interest will be paid semi-annually, in arrears, on April 1 and October 1 of each year (each, an “Interest Payment
Date”), commencing October 1, 2020, at the rate of 3.500% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will,
as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the March 15 and
September 15, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) 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. Payment of the principal of and interest on this Note will be made at the offices or agencies of the Company maintained
for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of the Company, interest on this Note may be paid by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States. Interest on 

 
overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 3.500% per annum. Interest on this Note shall be computed on the
basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 This Note shall not be entitled to any benefit under the Indenture, or be valid or
obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 
 The
provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on
this                day of                , 2020. 

 

			
	 GENERAL DYNAMICS CORPORATION

		
	By:	 	 
		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	 Attest:

		
	By:	 	 
		 	 Name: L. Neal Wheeler

		 	 Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the 3.500% Notes due 2027 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                 	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF 3.500% NOTE DUE 2027) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of March 22, 2018 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as
trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of March 25, 2020, by and among the Company, the Guarantors named therein and the Trustee (the Base Indenture, as so
supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the
Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price
(the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 45 basis points; provided that if the Company redeems any Notes
on or after February 1, 2027 (two months prior to the maturity date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include accrued
but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless
the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will
be made upon not less than 10 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon the giving of
such notice, such Notes are deemed to have been paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or prior to the
Redemption Date, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not be required to

 
redeem such Notes. In the event that such notice of redemption contains such a condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter
notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly
return to the Holders thereof any of such Notes that had been surrendered for payment upon such redemption. 
 If the Notes are only
partially redeemed, the Notes to be redeemed shall be selected (a) in accordance with the procedures of the Depository, in the case of Notes in the form of Global Securities, or (b) by lot, in the case of Notes in definitive form. 

In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof. 
 In case an Event of Default, as defined in the Indenture, shall have occurred
and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent (including consents obtained in connection with a
tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Notes of
any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture with respect to such series and its consequences, except, among other things, a default not
theretofore cured in the payment of the principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be

 
conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 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 time and place and at
the rate and in the money herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized
denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent, the Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and
notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and
subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder
surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW
PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED, the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto 

Please insert Taxpayer Identification
No.:                                         
                                         
           
 Please print or typewrite name and address including 

zip code of
assignee:                                        
                                         
                                         
     
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

By:
                            

Date:                         

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of
Exchange	 	Amount of
Decrease in
Principal
Amount of
this Global
Note	 	Amount of
Increase in
Principal
Amount of
this
Global
Note	 	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	 	Signature of
Authorized
Signatory of
Trustee

 EXHIBIT C 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	 	 CUSIP: 369550 BM9

ISIN: US369550BM97

 $[_____________] 

GENERAL DYNAMICS CORPORATION 

3.625% Notes due 2030 
 GENERAL
DYNAMICS CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to Cede & Co. or its registered assigns, the principal sum of [    ] ($[    ]) on April 1, 2030, and to pay interest thereon from and including March 25,
2020 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 

Interest will be paid semi-annually, in arrears, on April 1 and October 1 of each year (each, an “Interest Payment
Date”), commencing October 1, 2020, at the rate of 3.625% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will,
as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the March 15 and
September 15, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) 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. Payment of the principal of and interest on this Note will be made at the offices or agencies of the Company maintained
for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of the Company, interest on this Note may be paid by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States. Interest on 

 
overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 3.625% per annum. Interest on this Note shall be computed on the
basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 This Note shall not be entitled to any benefit under the Indenture, or be valid or
obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 
 The
provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on this
         day of                  , 2020. 

 

			
	 GENERAL DYNAMICS CORPORATION

		
	By:	 	 
		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	 Attest:

		
	By:	 	 
		 	 Name: L. Neal Wheeler

		 	 Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the 3.625% Notes due 2030 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                 	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF 3.625% NOTE DUE 2030) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of March 22, 2018 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as
trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of March 25, 2020, by and among the Company, the Guarantors named therein and the Trustee (the Base Indenture, as so
supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the
Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price
(the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 45 basis points; provided that if the Company redeems any Notes
on or after January 1, 2030 (three months prior to the maturity date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include
accrued but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption,
unless the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding
paragraph will be made upon not less than 10 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon
the giving of such notice, such Notes are deemed to have been paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or
prior to the Redemption Date, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not
be required to 

 
redeem such Notes. In the event that such notice of redemption contains such a condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter
notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly
return to the Holders thereof any of such Notes that had been surrendered for payment upon such redemption. 
 If the Notes are only
partially redeemed, the Notes to be redeemed shall be selected (a) in accordance with the procedures of the Depository, in the case of Notes in the form of Global Securities, or (b) by lot, in the case of Notes in definitive form. 

In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof. 
 In case an Event of Default, as defined in the Indenture, shall have occurred
and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent (including consents obtained in connection with a
tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Notes of
any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture with respect to such series and its consequences, except, among other things, a default not
theretofore cured in the payment of the principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be

 
conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 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 time and place and at
the rate and in the money herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized
denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent, the Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and
notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and
subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder
surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW
PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED, the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto 

Please insert Taxpayer Identification
No.:                                         
                                         
           
 Please print or typewrite name and address including 

zip code of
assignee:                                        
                                         
                                         
     
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

By:
                            

Date:                         

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of
Exchange	 	Amount of
Decrease in
Principal
Amount of
this Global
Note	 	Amount of
Increase in
Principal
Amount of
this Global
Note	 	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	 	Signature of
Authorized
Signatory of
Trustee

 EXHIBIT D 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	 	 CUSIP: 369550 BH0

ISIN: US369550BH03

 $[_____________] 

GENERAL DYNAMICS CORPORATION 

4.250% Notes due 2040 
 GENERAL
DYNAMICS CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to Cede & Co. or its registered assigns, the principal sum of [    ] ($[    ]) on April 1, 2040, and to pay interest thereon from and including March 25,
2020 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 

Interest will be paid semi-annually, in arrears, on April 1 and October 1 of each year (each, an “Interest Payment
Date”), commencing October 1, 2020, at the rate of 4.250% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will,
as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the March 15 and
September 15, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) 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. Payment of the principal of and interest on this Note will be made at the offices or agencies of the Company maintained
for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of the Company, interest on this Note may be paid by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States. Interest on 

 
overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 4.250% per annum. Interest on this Note shall be computed on the
basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 This Note shall not be entitled to any benefit under the Indenture, or be valid or
obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 
 The
provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on this
         day of                 , 2020. 

 

			
	 GENERAL DYNAMICS CORPORATION

		
	By:	 	 
		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	 Attest:

		
	By:	 	 
		 	 Name: L. Neal Wheeler

		 	 Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the 4.250% Notes due 2040 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                 	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF 4.250% NOTE DUE 2040) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of March 22, 2018 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as
trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of March 25, 2020, by and among the Company, the Guarantors named therein and the Trustee (the Base Indenture, as so
supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the
Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price
(the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 45 basis points; provided that if the Company redeems any Notes
on or after October 1, 2039 (six months prior to the maturity date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include accrued
but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless
the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will
be made upon not less than 10 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon the giving of
such notice, such Notes are deemed to have been paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or prior to the
Redemption Date, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not be required to

 
redeem such Notes. In the event that such notice of redemption contains such a condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter
notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly
return to the Holders thereof any of such Notes that had been surrendered for payment upon such redemption. 
 If the Notes are only
partially redeemed, the Notes to be redeemed shall be selected (a) in accordance with the procedures of the Depository, in the case of Notes in the form of Global Securities, or (b) by lot, in the case of Notes in definitive form. 

In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof. 
 In case an Event of Default, as defined in the Indenture, shall have occurred
and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent (including consents obtained in connection with a
tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Notes of
any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture with respect to such series and its consequences, except, among other things, a default not
theretofore cured in the payment of the principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be

 
conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 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 time and place and at
the rate and in the money herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized
denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent, the Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and
notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and
subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder
surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW
PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED, the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto 

Please insert Taxpayer Identification
No.:                                         
                                         
           
 Please print or typewrite name and address including 

zip code of
assignee:                                        
                                         
                                         
     
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

By:
                            

Date:                         

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of
Exchange	 	Amount of
Decrease in
Principal
Amount of
this Global
Note	 	Amount of
Increase in
Principal
Amount of
this Global
Note	 	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	 	Signature of
Authorized
Signatory of
Trustee

 EXHIBIT E 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY 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 IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	 	 CUSIP: 369550 BJ6

ISIN: US369550BJ68

 $[_____________] 

GENERAL DYNAMICS CORPORATION 

4.250% Notes due 2050 
 GENERAL
DYNAMICS CORPORATION, a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value
received, hereby promises to pay to Cede & Co. or its registered assigns, the principal sum of [    ] ($[    ]) on April 1, 2050, and to pay interest thereon from and including March 25,
2020 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 

Interest will be paid semi-annually, in arrears, on April 1 and October 1 of each year (each, an “Interest Payment
Date”), commencing October 1, 2020, at the rate of 4.250% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will,
as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such interest, which shall be the March 15 and
September 15, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on
such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) 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. Payment of the principal of and interest on this Note will be made at the offices or agencies of the Company maintained
for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of the Company, interest on this Note may be paid by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States. Interest on 

 
overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 4.250% per annum. Interest on this Note shall be computed on the
basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions set forth on the reverse hereof. Such further provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 This Note shall not be entitled to any benefit under the Indenture, or be valid or
obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 
 The
provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect as though fully set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on
this                day of                , 2020. 

 

			
	 GENERAL DYNAMICS CORPORATION

		
	By:	 	 
		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	 Attest:

		
	By:	 	 
		 	 Name: L. Neal Wheeler

		 	 Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the 4.250% Notes due 2050 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                 	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF 4.250% NOTE DUE 2050) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of March 22, 2018 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as
trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of March 25, 2020, by and among the Company, the Guarantors named therein and the Trustee (the Base Indenture, as so
supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the
Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price
(the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption Date on a
semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 45 basis points; provided that if the Company redeems any Notes
on or after October 1, 2049 (six months prior to the maturity date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include accrued
but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless
the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will
be made upon not less than 10 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon the giving of
such notice, such Notes are deemed to have been paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or prior to the
Redemption Date, of money sufficient to pay the principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not be required to

 
redeem such Notes. In the event that such notice of redemption contains such a condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter
notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly
return to the Holders thereof any of such Notes that had been surrendered for payment upon such redemption. 
 If the Notes are only
partially redeemed, the Notes to be redeemed shall be selected (a) in accordance with the procedures of the Depository, in the case of Notes in the form of Global Securities, or (b) by lot, in the case of Notes in definitive form. 

In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof. 
 In case an Event of Default, as defined in the Indenture, shall have occurred
and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent (including consents obtained in connection with a
tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Notes of
any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture with respect to such series and its consequences, except, among other things, a default not
theretofore cured in the payment of the principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be

 
conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 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 time and place and at
the rate and in the money herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized
denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent, the Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and
notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in
denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and
subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder
surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the
Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW
PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED, the undersigned registered Holder hereby sell(s), assign(s) and transfer(s) unto 

Please insert Taxpayer Identification
No.:                                         
                                         
           
 Please print or typewrite name and address including 

zip code of
assignee:                                        
                                         
                                         
     
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

By:
                            

Date:                         

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of
Exchange	 	Amount of
Decrease in
Principal
Amount of
this Global
Note	 	Amount of
Increase in
Principal
Amount of
this Global
Note	 	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	 	Signature of
Authorized
Signatory of
Trustee

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