Document:

Sixth Amendment to Loan and Security Agreement

 Exhibit 10.1 
 Execution Version 
 SIXTH AMENDMENT 

TO LOAN AND SECURITY AGREEMENT 
 THIS SIXTH AMENDMENT (this “Amendment”), dated as of July 6, 2012, by and among LOUISIANA-PACIFIC CORPORATION, a Delaware corporation (the “Company”), the U.S.
Subsidiaries of the Company identified as “U.S. Borrowers” on the signature pages hereto (together with the Company, the “U.S. Borrowers”), the Canadian Subsidiaries of the Company identified as “Canadian
Borrowers” on the signature pages hereto (the “Canadian Borrowers” and together with the U.S. Borrowers, the “Borrowers”), the U.S. Subsidiaries of the Company identified as “U.S. Guarantors” on the
signature pages hereto (together with the U.S. Borrowers, the “U.S. Guarantors”), the Canadian Subsidiaries of the Company identified as “Canadian Guarantors” on the signature pages hereto (the “Canadian
Guarantors” and collectively with the Borrowers and the U.S. Guarantors, the “Loan Parties”), the Lenders party to the Loan and Security Agreement referenced below (the “Lenders”) and BANK OF AMERICA, N.A.,
as the administrative agent (the “Agent”) for the Lenders. 
 STATEMENT OF PURPOSE 

The Borrowers, the Lenders and the Agent are parties to that certain Loan and Security Agreement dated as of March 10, 2009 (as
amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). 
 The Loan
Parties have requested that the Agent and the Lenders agree to amend the Loan Agreement in certain respects, as more specifically set forth herein. 
 Subject to the terms and conditions set forth herein, the Agent and the Lenders have agreed to grant such requests of the Loan Parties. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows: 
 SECTION 1 Capitalized Terms. All capitalized undefined terms used in this Amendment (including,
without limitation, in the Statement of Purpose hereto) shall have the meanings assigned thereto in the Amended Loan Agreement (as defined below). 
 SECTION 2 Amendments to Loan Agreement. The Credit Agreement is hereby amended (as so amended, the “Amended Loan Agreement”) to delete the stricken text (indicated textually in the
same manner as the following example: stricken text) and to add the double underlined text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the version of the Credit Agreement attached hereto as Exhibit A. 

2.1 Schedules. Schedule 8.11 of the Credit Agreement is hereby amended in its entirety to read as attached hereto as
Exhibit B. 
 SECTION 3 Release of Collateral. Upon the effectiveness of this Amendment on the Effective Date (as
defined below): 
 3.1 All security interests in, and Liens upon, any assets or property of the U.S. Borrowers or U.S.
Guarantors that do not constitute ABL Collateral securing the Obligations shall automatically terminate (the “Released Property”); 

 3.2 The Agent shall, at the Borrower’s expense, file amendments to the financing
statements filed by the Agent with respect to the Obligations to reasonably reflect the assets securing the Obligations after giving effect to the release in Section 3.1 above; 

3.3 The Agent shall, at the Borrower’s expense, cause to be delivered to Borrower, its agents or its designees any Subsidiary
Capital Stock or other Released Property in the possession of the Agent and identified in writing by the Company; and 
 3.4 The
Agent shall, at Borrower’s expense, take all reasonable steps requested by the Borrower as may be necessary to release its security interest in the Released Property, including the execution of mortgage and Intellectual Property releases. The
Borrower, its agents and its designees are hereby authorized to file terminations and releases with respect to the Intellectual Property and Real Estate securing the Obligations. 

For avoidance of doubt, the Agent, for itself and the benefit of the Secured Parties, retains a security interest in, and Lien upon, all
ABL Collateral and all Canadian Collateral. 
 SECTION 4 Effectiveness. This Amendment shall become effective on the date
upon which each of the following conditions is satisfied (such date, the “Effective Date”): 
 4.1 This
Amendment. The Agent shall have received counterparts of this Amendment duly executed by each of the Borrowers, the Agent and each of the Lenders. 
 4.2 IP License Agreement. The Agent shall have received counterparts of the Intellectual Property License Agreement, duly executed by each party thereto. 

4.3 Senior Notes. (i) The 13% Senior Secured Notes due 2017 issued under that certain Indenture dated March 10, 2009 by
and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, shall have been satisfied and discharged and (ii) the Agent shall have received a certificate, in form and substance satisfactory to the Agent, executed by
an authorized officer of the Company certifying that such Senior Secured Notes have been satisfied and discharged. 
 4.4
Other Documents. The Agent shall have received any other documents or instruments reasonably requested by the Agent in connection with the execution of this Amendment. 
 SECTION 5 Limited Effect. Except as expressly provided herein, the Loan Agreement and the other Loan Documents shall remain unmodified and in full force and effect. This Amendment shall not be
deemed (a) to be a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Loan Agreement or any other Loan Document or a waiver of any Default or Event of Default, (b) to prejudice any right or
rights which the Agent or the Lenders may now have or may have in the future under or in connection with the Loan Agreement or the other Loan Documents or any of the instruments or agreements referred to therein, as the same may be amended,
restated, supplemented or modified from time to time, or (c) to be a commitment or any other undertaking or expression of any willingness to engage in any further discussion with any Loan Party or any other Person with respect to any waiver,
amendment, modification or any other change to the Loan Agreement or the Loan Documents or any rights or remedies arising in favor of the Lenders or the Agent, or any of them, under or with respect to any such documents. 

SECTION 6 Representations and Warranties. Each Loan Party represents and warrants that (a) it has the corporate power and
authority to make, deliver and perform this Amendment, (b) it has taken all necessary corporate or other action to authorize the execution, delivery and performance of this 

 
Amendment, (c) this Amendment has been duly executed and delivered on behalf of such Loan Party, (d) this Amendment constitutes a legal, valid and binding obligation of such Loan Party,
enforceable against such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally
and by general equitable principles, (e) each of the representations and warranties made by such Loan Party in or pursuant to the Loan Documents is true and correct in all material respects on and as of the date hereof as if made on and as of
the date hereof, except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date; provided that any representation or warranty that is qualified as
to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates and (f) no Default or Event of Default has
occurred and is continuing as of the date hereof or after giving effect hereto. 
 SECTION 7 Acknowledgement and
Reaffirmation. By its execution hereof, each Loan Party hereby expressly (a) acknowledges and agrees to the terms and conditions of this Amendment, (b) reaffirms all of its respective covenants, representations, warranties and other
obligations set forth in the Loan Agreement and the other Loan Documents to which it is a party and (c) acknowledges that its respective covenants, representations, warranties and other obligations set forth in the Loan Agreement and the other
Loan Documents to which it is a party remain in full force and effect. 
 SECTION 8 Costs and Expenses. The Loan Parties
agree to pay in accordance with Section 9.11 of the Loan Agreement all reasonable costs and expenses of the Agent in connection with the preparation, execution and delivery of this Amendment and the other instruments and documents to be
delivered hereunder, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Agent with respect thereto and with respect to advising the Agent as to its rights and responsibilities hereunder and thereunder.

 SECTION 9 Execution in Counterparts. This Amendment may be executed by one or more of the parties to this Amendment on
any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Amendment by facsimile transmission shall be effective as
delivery of a manually executed counterpart hereof. 
 SECTION 10 Governing Law. The validity, interpretation and
enforcement of this Amendment shall be governed by the internal laws of the State of New York but excluding any principles of conflicts of law or other rule of law that would cause the application of the law of any jurisdiction other than the laws
of the State of New York. 
 SECTION 11 Entire Agreement. This Amendment is the entire agreement, and supersedes any
prior agreements and contemporaneous oral agreements, of the parties concerning its subject matter. 
 SECTION 12 Successors
and Assigns. This Amendment shall be binding on and inure to the benefit of the parties and their respective heirs, beneficiaries, successors and permitted assigns. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
duly authorized officers, all as of the day and year first written above. 
  

			
	U.S. BORROWERS AND U.S. GUARANTORS:
	
	LOUISIANA-PACIFIC CORPORATION
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	Chief Executive Officer
	
	GREENSTONE INDUSTRIES, INC.
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President and Chief Executive Officer
	
	KETCHIKAN PULP COMPANY
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	Chief Executive Officer
	
	LOUISIANA-PACIFIC INTERNATIONAL, INC.
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President
	
	LPS CORPORATION
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President

  
 [Sixth Amendment to Loan Agreement
– Signature Page] 

 
			
	CANADIAN BORROWERS AND CANADIAN GUARANTORS:
	
	LOUISIANA-PACIFIC CANADA HOLDINGS LTD.
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President and Chief Executive Officer
	
	LOUISIANA-PACIFIC CANADA LTD.
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President and Chief Executive Officer
	
	LOUISIANA-PACIFIC (OSB) LTD.
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President and Chief Executive Officer
	
	LOUISIANA-PACIFIC CANADA PULP CO.
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President and Chief Executive Officer
	
	LOUISIANA-PACIFIC CANADA SALES ULC
		
	By:	 	  

	Name:	 	Curtis M. Stevens
	Title:	 	President and Chief Executive Officer

  
 [Sixth Amendment to Loan Agreement
– Signature Page] 

 
			
	AGENT AND LENDERS:
	
	BANK OF AMERICA, N.A., as Agent and Lender
		
	By:	 	  

	Name:	 	Jason Riley
	Title:	 	Senior Vice President

  
 [Sixth Amendment to Loan Agreement
– Signature Page] 

 
	
	ROYAL BANK OF CANADA, as Lender

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

 

			
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 [Sixth Amendment to Loan Agreement
– Signature Page] 

 
			
	BANK OF AMERICA, N.A. (acting through its Canada Branch),
	As an Issuing Bank and Canadian Swingline Lender
		
	By:	 	  

	Name:	 	Medina Sales De Andrade
	Title:	 	Vice President

  
 [Sixth Amendment to Loan Agreement
– Signature Page] 

 Exhibit A to 
 Sixth Amendment to Loan Agreement 
 Amended Loan Agreement

 [Attached] 

 Exhibit B to 
 Sixth Amendment to Loan Agreement 
 Intellectual Property 

[Attached]Form of Global Note

 Exhibit 4.2 
 THIS SECURITY IS A SECURITY IN GLOBAL FORM AS REFERRED TO IN THE INDENTURE HEREINAFTER REFERENCED AND REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL
IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY
OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. IN THE EVENT THAT THIS GLOBAL SECURITY IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES
REPRESENTED HEREBY, ALL SUCH INDIVIDUAL SECURITIES IN THE FORM OF DEFINITIVE CERTIFICATES SHALL CONTAIN THE LEGENDS BELOW WITH RESPECT TO JAPANESE TAXATION. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OF THIS SECURITY 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 DTC (AND ANY PAYMENT IS MADE TO CEDE & CO.
OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL IN AS MUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN. 
 INTEREST PAYMENTS ON THIS SECURITY WILL BE SUBJECT TO JAPANESE WITHHOLDING TAX, UNLESS THE HOLDER
ESTABLISHES THAT THIS SECURITY IS HELD BY OR FOR THE ACCOUNT OF A HOLDER THAT IS (I) FOR JAPANESE TAX PURPOSES, NEITHER (X) AN INDIVIDUAL RESIDENT OF JAPAN OR A JAPANESE CORPORATION, NOR (Y) AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A
NON-JAPANESE CORPORATION THAT IN EITHER CASE IS A PERSON HAVING A SPECIAL RELATIONSHIP WITH THE ISSUER OF THIS SECURITY (A “SPECIALLY-RELATED PERSON OF THE ISSUER”) AS DESCRIBED IN ARTICLE 6, PARAGRAPH (4) OF THE ACT ON SPECIAL
MEASURES CONCERNING TAXATION OF JAPAN (ACT NO. 26 OF 1957, AS AMENDED) (THE “SPECIAL TAXATION MEASURES ACT”) OR (II) A JAPANESE FINANCIAL INSTITUTION DESIGNATED IN ARTICLE 3-2-2, PARAGRAPH (29) OF THE CABINET ORDER (CABINET
ORDER NO. 43 OF 1957, AS AMENDED) WHICH COMPLIES WITH THE REQUIREMENT FOR TAX EXEMPTION UNDER ARTICLE 6, PARAGRAPH (9) OF THE SPECIAL TAXATION MEASURES ACT. 

 INTEREST PAYMENTS ON THIS SECURITY TO AN INDIVIDUAL RESIDENT OF JAPAN, TO A JAPANESE
CORPORATION NOT DESCRIBED IN ITEM (II) OF THE PRECEDING PARAGRAPH, OR TO AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A NON-JAPANESE CORPORATION THAT IN EITHER CASE IS A SPECIALLY-RELATED PERSON OF THE ISSUER WILL BE SUBJECT TO DEDUCTION IN RESPECT OF
JAPANESE INCOME TAX AT A RATE OF 15% OF THE AMOUNT SPECIFIED IN SUBPARAGRAPH (A) OR (B) BELOW TO AND INCLUDING DECEMBER 31, 2012 AND 15.315% OF THE AMOUNT SPECIFIED IN SUBPARAGRAPH (A) OR (B) BELOW FROM AND INCLUDING JANUARY 1,
2013, IN EACH CASE AS APPLICABLE: 
  

	 	(A)	IF INTEREST IS PAID TO AN INDIVIDUAL RESIDENT OF JAPAN, TO A JAPANESE CORPORATION, OR TO AN INDIVIDUAL NON-RESIDENT OF JAPAN OR A NON-JAPANESE CORPORATION THAT IN
EITHER CASE IS A SPECIALLY-RELATED PERSON OF THE ISSUER (EXCEPT AS PROVIDED IN SUBPARAGRAPH (B) BELOW), THE AMOUNT OF SUCH INTEREST; OR 

  

	 	(B)	IF INTEREST IS PAID TO A PUBLIC CORPORATION, A FINANCIAL INSTITUTION, A FINANCIAL INSTRUMENTS BUSINESS OPERATOR OR CERTAIN OTHER ENTITIES THROUGH A JAPANESE PAYMENT
HANDLING AGENT AS PROVIDED IN ARTICLE 3-3, PARAGRAPH (6) OF THE SPECIAL TAXATION MEASURES ACT IN COMPLIANCE WITH THE REQUIREMENT FOR TAX EXEMPTION UNDER THAT PARAGRAPH, THE AMOUNT OF SUCH INTEREST MINUS THE AMOUNT PROVIDED IN THE CABINET ORDER
RELATING TO SAID PARAGRAPH (6). 

 NIPPON TELEGRAPH AND TELEPHONE CORPORATION 

[—]% Notes due [— —, —] 
 Principal
Amount: $[—] 
 No. [—] 

CUSIP: [—] 
 ISIN:     [—] 
 Common Code:
[—] 
 Nippon Telegraph and Telephone Corporation, a joint stock company
organized under the laws of Japan (the “Issuer”, which term includes any successor under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal amount
set forth above on [— —], [—] and to pay interest thereon from
[— —], [—] or from the most recent interest payment date to which interest has been paid or duly
provided for, semi-annually in arrears on [— —] and
[— —] in each year commencing [— —], [—] at the rate per annum provided in the title hereof, until the principal hereof is paid or made available for payment, all subject to and in accordance with the terms of the Indenture. 

With respect to each interest payment date, as described above, interest shall be paid to the holders of record as of the immediately
preceding [— — and — —], as applicable. Interest
on this Security will accrue from the date of original issuance or, if interest has already been paid, from the date it was most recently paid. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

If any payment is due on this Security on a day that is not a business day, payment will be made on the day that is the next business
day. Payments postponed to the next business day in this situation will be treated under the Indenture as if they were made on the original due date. Postponement of this kind will not result in an Event of Default under the Securities or the
Indenture, and no interest will accrue on the postponed amount from the original due date to the next day that is a business day. 
 For the purposes of the preceding paragraph, “business day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking or trust institutions in New York City,
in London or in Tokyo are authorized generally or obligated by law, regulation or executive order to close. 
 The principal of,
and interest and additional amounts on, this Security will be payable in U.S. dollars. The Issuer will cause the Trustee, or the paying agent, if any, to pay such amounts, on the dates payment is to be made, directly to Cede & Co., or
registered assigns. 
 The Issuer will pay the holder hereof additional amounts with respect to withholding taxes as are
provided for, and subject to the conditions stated, on the reverse of this Security. 

 This Security is the direct and unsubordinated general obligation of the Issuer and ranks
pari passu and without any preference with all of the Issuer’s other unsubordinated indebtedness in the form of bonds, notes or debentures (which fall within the meaning of shasai as referred to in Article 9, paragraph 1, of the
Law Concerning Nippon Telegraph and Telephone Corporation, etc. (Law No. 85 of 1984), as amended (the “NTT Law”)), from time to time outstanding, that is unsecured except for the preferential right referred to in Article 9, paragraph
1 of the NTT Law. This Security is not redeemable prior to maturity, except as set forth on the reverse of this Security and will not be subject to any sinking fund. 
 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

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

 IN WITNESS WHEREOF, NIPPON TELEGRAPH AND TELEPHONE CORPORATION has caused this Security to
be duly executed. 
 Dated:
                    , [—] 

 

			
	 NIPPON TELEGRAPH AND TELEPHONE CORPORATION

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

Dated:                     , [—] 
  

			
	 UNION BANK, N.A., as Trustee

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 [Global Security No. [—]] 

 REVERSE OF SECURITY 
 This Security is one of the duly authorized issues of debentures, notes or other evidences of indebtedness of the Issuer (hereinafter called the “Securities”), of the series hereinafter
specified, all issued or to be issued under and pursuant to the indenture dated as of [——], [—]
(hereinafter called the “Indenture”), duly executed and delivered by the Issuer and Union Bank, N.A., as Trustee (the “Trustee”, which term includes any successor Trustee under the Indenture), to which Indenture and any other
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee and any agent of the Trustee, any paying agent, the Issuer and the
Holders of the Securities and of the terms upon which the Securities are issued and are to be authenticated and delivered. This Security is one of the series designated on the face hereof. By the terms of the Indenture, additional Securities of this
series and of other separate series, which may vary as to date, amount, seniority, stated maturity (if any), interest rate or method of calculating the interest rate and in other respects as therein provided, may be issued in an unlimited amount.

 Payments of principal and interest on the Securities will be made by the Issuer without withholding or deduction for or on
account of any present or future taxes, duties, assessments or other governmental charges imposed or levied by or on behalf of Japan or any political subdivision thereof having power to tax, unless otherwise required by law. If any such withholding
or deduction is required by Japanese law, the Issuer will pay to a Holder such additional amounts as may be necessary in order that the amount received by the Holder after such withholding or deduction will be equal to the amount that, in the
absence of such deduction or withholding, would have been received by the Holder. However, no additional amounts will be payable with respect to any Security under any of the following circumstances: 

 

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

 

	 	•	 	 the Holder or beneficial owner would otherwise be exempt from any such withholding or deduction but failed to comply with any applicable requirement to
provide certain information prescribed by the Special Taxation Measures Act and the cabinet order and other regulations thereunder to enable a Participant (as defined below) to establish that a beneficial owner is exempted from the requirement for
Japanese taxes to be withheld or deducted (the “Interest Recipient Information”) or to submit a Hikazei Tekiyo Shinkokusho (“Written Application for Tax Exemption”) to the relevant paying agent to whom such Security is
presented, or whose Interest Recipient Information is not duly communicated through the relevant participant in an international clearing organization or financial intermediary, in each case, as prescribed by the Special Taxation Measures Act (each
such participant or intermediary, a “Participant”), as required under the Special Taxation Measures Act, and the relevant international clearing organization to such paying agent; 

	 	•	 	 the Holder or beneficial owner of the Security is for Japanese tax purposes treated as an individual resident of Japan or a Japanese corporation
(except for (A) a Japanese bank, Japanese insurance company, Japanese securities company or other Japanese financial institution falling under certain categories prescribed by the Cabinet Order under Article 6, paragraph 9, of the Special
Taxation Measures Act (each such institution, a “Designated Financial Institution”) that complies with the requirement, among others, to provide Interest Recipient Information or to submit a Written Application for Tax Exemption, or
(B) an individual resident of Japan or a Japanese corporation that duly notifies (directly or through the relevant Participant, as required under the Special Taxation Measures Act, or otherwise) the relevant paying agent of its status as not
being subject to withholding or deduction by the Issuer by reason of receipt by such individual resident of Japan or Japanese corporation of interest on the Security through a payment handling agent in Japan appointed by the Issuer);

  

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

  

	 	•	 	 the withholding or deduction is imposed on a payment to an individual pursuant to the European Council Directive 2003/48/EC regarding the taxation of
savings income, or any law implementing or complying with, or introduced in order to conform to such directive; 

  

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

  

	 	•	 	 any combination of the above. 

 The Issuer will make any required withholding or deduction and remit the full amount deducted or withheld to the Japanese taxing authority in accordance with applicable law, if required by Japanese law to
make any such withholding or deduction. The Issuer will use commercially reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any tax, duty, assessment, fee or other governmental charge so deducted or withheld to
the extent available from the Japanese taxing authority imposing such tax, duty, assessment or other governmental charge. The Trustee will make such certified copies available upon reasonable written request to the Trustee. 

 Additional amounts will not be paid with respect to any payment on the Securities to or on
behalf of a Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such payment would be required by the laws of Japan to be included in the income, for tax purposes, of a beneficiary or
settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who, in each case, would not have been entitled to the additional amounts had such beneficiary, settlor, member or beneficial owner been the Holder of the
Security. The obligation to pay additional amounts with respect to any taxes, duties, assessments or governmental charges shall not apply to (A) any estate, inheritance, gift, sales, transfer, personal property or any similar tax, duty,
assessment or governmental charge or (B) any tax, duty, assessment or governmental charge which is payable otherwise than by deduction or withholding from payments of principal or interest on the Securities; provided that, except as otherwise
set forth herein and in the Indenture, the Issuer shall pay all stamp and other duties, if any, which may be imposed by Japan, the United States or any political subdivision or any taxing authority thereof or therein, with respect to the Indenture
or as a consequence of the initial issuance, execution, delivery or registration of the Securities. 
 References to principal
of and any premium and/or any interest in respect of the Securities will be deemed to include any additional amounts due which may be payable as set forth herein and in the Indenture in respect of such principal, premium and/or interest. 

The Issuer has the option to redeem the Securities prior to maturity if, as a result of any change in or amendment to the laws or
regulations of Japan or any political subdivision or authority thereof or therein having power to tax, or any change in application or official interpretation of such laws or regulations, which change in or amendment to such laws or regulations
becomes effective on or after the issue date of the Securities, the Issuer would be required to pay additional amounts as described above and such obligation cannot be avoided by the Issuer through the taking of reasonable measures available to it,
in which case the Issuer may redeem the Securities in whole, but not in part, at a redemption price equal to 100% of the principal amount of the Securities plus accrued but unpaid interest through but not including the redemption date. Furthermore,
the Issuer must give the Holder of the Securities between 30 and 60 days’ notice before redeeming the Securities, and no such notice of redemption may be given earlier than 90 days prior to the earliest date on which the Issuer would be
required to pay additional amounts if a payment in respect of the Securities were then due. 
 The Issuer also has the option to
redeem the Securities, in whole or in part, at any time prior to maturity, at a redemption price equal to the greater of: 
 (A)
100% of the principal amount of the Securities; or 
 (B) the sum of the present value of the remaining scheduled payments of
principal and interest on the Securities (exclusive of interest accrued to the date of redemption), as the case may be, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Treasury Rate plus [—] basis points, 
 plus, in each case, accrued and unpaid interest on the
principal amount of the Securities to, but excluding, the redemption date. 

 “Treasury Rate” means, with respect to any redemption date, the rate per annum
equal to the semiannual equivalent yield to maturity or interpolated (on a day count basis) maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to
the Comparable Treasury Price for such redemption date. 
 “Comparable Treasury Issue” means the United States
Treasury security selected by the Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term, referred to as the Remaining Life, of the Securities 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 the Securities. 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of three Reference Treasury Dealer
Quotations for such redemption date or (2) if the Independent Investment Banker is unable to obtain three Reference Treasury Dealer Quotations for such redemption date, the average of all quotations obtained. 

“Independent Investment Banker” means an independent investment banking or commercial banking institution of national standing
appointed by the Issuer. 
 “Reference Treasury Dealer” means each of
[—], [—] and [—] (or their respective affiliates that are primary U.S. government securities
dealers in New York City, each of which is referred to as a “Primary Treasury Dealer”) and their respective successors; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Issuer shall
substitute therefor another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to
each Reference Treasury Dealer and any date of redemption, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal
amount) quoted in writing to the Independent Investment Banker at 3:30 p.m., New York City time, on the third business day preceding the date of redemption. 
 So long as any of the Securities remain outstanding, the Issuer may not create or permit to subsist any mortgage, charge, pledge or other security interest upon the whole or any part of its property,
assets or revenues, present or future, to secure, for the benefit of the holders thereof, any External Indebtedness, as defined below, without at the same time securing its debt obligations under the Securities and the Indenture equally and ratably
with such External Indebtedness or such other security or guarantee as shall be approved by Holders representing more than 50% of the Outstanding Principal amount of the Securities. “External Indebtedness” means any of the indebtedness of
the Issuer in the form of or represented by bonds, notes, debentures or other securities which (A) either (1) are, or may at the option of the person entitled thereto be or become, denominated or payable in, or by reference to, a currency
or currencies other than yen or (2) are denominated or payable in yen and more than 50% of the aggregate principal or face amount of which is initially distributed by the Issuer or with the Issuer’s authorization outside Japan; and
(B) are, or are capable of being, quoted, listed or ordinarily traded on any stock exchange or on any over-the-counter securities market. 

 The Issuer reserves the right, from time to time, without the consent of the Holders of the
Securities, to issue additional Securities on terms and conditions identical to those of the Securities (other than the issue date, the date upon which interest first accrues, and, in some cases, the first interest payment date), which additional
Securities shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Securities; provided that such additional Securities must be fungible with the Securities for U.S. federal income tax purposes.
The Issuer may also issue other securities under the Indenture as part of a separate series that have different terms from the Securities. 
 The Issuer may change the paying agent or registrar without prior notice to the Holders of the Securities, and the Issuer or any of its subsidiaries may act as paying agent or registrar. 

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

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this
series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits,
with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the
Issuer and the Trustee with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding of all series to be affected (voting as a class). The Indenture also contains provisions
permitting the Holders of specified percentages in aggregate principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Issuer with certain
provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security
and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

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

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable, upon
surrender of this Security for registration of transfer at the office or agency of the Issuer in any place where the principal of and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Issuer and the security registrar duly executed by, the Holder hereof or his attorney duly authorized in writing and thereupon one or more new Securities of this series and of like tenor, of authorized denominations and for the
same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Securities of this series
are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are
exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

No service charge shall be made for any such registration of transfer or exchange, but the Issuer may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection therewith. 
 Prior to due presentment of this
Security for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue,
and neither the Issuer, the Trustee nor any such agent shall be affected by notice to the contrary. 
 This Security shall be
governed by and construed in accordance with the laws of the State of New York, except with respect to its authorization and execution by the Issuer and other matters required to be governed by the laws of Japan. 

All capitalized terms used but not defined in this Security which are defined in the Indenture shall have the meanings assigned to them
in the Indenture. 
 PAYING AGENT 
 Union Bank, N.A. 
 1251 Avenue of the Americas, 19th Floor 

New York, New York, 10020 
 United States of America 
 Attn: Patricia Phillips-Coward 

Phone: +1-646-452-2016 
 Fax: +1-646-452-2000

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