Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 THIRD
AMENDMENT AND COLLATERAL RELEASE, dated as of August 22, 2022 (this “Agreement”), to the Credit Agreement dated as of April 1, 2020 (as amended by the First Incremental Facility Amendment dated as of
September 16, 2020, the Second Amendment dated as of October 29, 2021 and as further amended, restated, amended and restated, supplemented, or otherwise modified through the date hereof, the “Credit Agreement”),
among T-Mobile USA, Inc., a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time to time parties thereto as lenders and
issuing banks and Deutsche Bank AG New York Branch, as administrative agent (in such capacity, the “Administrative Agent”). 

Reference is made to (i) that certain Collateral Agreement, dated as of April 1, 2020 (the “Collateral
Agreement”), among the Borrower, T-Mobile US, Inc. (“Holdings”), the other grantors party thereto and Deutsche Bank Trust Company Americas, as Collateral Trustee (the
“Collateral Trustee”) and (ii) that certain Collateral Trust and Intercreditor Agreement, dated as of April 1, 2020 (the “Collateral Trust and Intercreditor Agreement”), among the Borrower,
Holdings, the other grantors party thereto, Deutsche Bank AG New York Branch, as First Priority Agent, each of the other Holder Representatives party thereto and the Collateral Trustee. 

WHEREAS, the Borrower has requested that the Lenders and Issuing Banks under the Credit Agreement agree to (i) release the security
interest created by the Collateral Agreement and each of the other Security Documents in all of the Collateral and (ii) direct the Administrative Agent, in its capacity as Controlling Party under the Collateral Trust Agreement, to direct the
Collateral Trustee to terminate the Collateral Agreement and the Collateral Trust and Intercreditor Agreement, and the Lenders and Issuing Banks party hereto (which constitute 100% of the Lenders and Issuing Banks) have agreed to such amendments
subject to the terms and conditions herein; 
 Accordingly, in consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1.
Definitions. Capitalized terms used but not defined in this Agreement have the meanings assigned thereto in the Credit Agreement. The provisions of Section 1.2 of the Credit Agreement are hereby incorporated by
reference herein, mutatis mutandis. 
 SECTION 2. Collateral Release. Each Lender and Issuing Bank party hereto hereby agrees
that, as of the Amendment No. 3 Effective Date (as defined below), (i) the security interest created by the Collateral Agreement and each of the other Security Documents in all right, title and interest of the Grantors (as defined in the
Collateral Agreement) in the Collateral shall be released and terminate automatically with respect to the Obligations and (ii) pursuant to Section 6.12(a) of the Collateral Trust Agreement, upon receipt by the Collateral Trustee of the
Direction Letter (as defined below) and a certificate of a Responsible Officer of the Company in the form attached as Annex A to the Direction Letter, all right, title and interest of the Collateral Trustee in such Collateral shall revert
automatically to the Grantors, their successors and assigns (collectively, the “Lien Release”). Each Lender and Issuing Bank party hereto hereby acknowledges that, from and after the Amendment No. 3 Effective Date, the Obligations
shall no longer be secured by the Collateral; provided that nothing in this Amendment shall be deemed a modification of any requirement of the Borrower to cash collateralize Letters of Credit in accordance with Section 2.07(k). 

 SECTION 3. Direction to Administrative Agent. Each Lender and Issuing Bank hereby
(i) directs the Administrative Agent, in its capacity as First Priority Agent and Controlling Party under the Collateral Trust Agreement, upon the Amendment No. 3 Effective Date, to deliver to the Collateral Trustee a letter directing the
termination of Collateral Agreement and the Collateral Trust Agreement (the “Direction Letter”), substantially in the form attached hereto as Exhibit A and (ii) consents to the execution and delivery of such documents
and instruments and taking such other actions (including filing of termination statements and other releases and return of possessory collateral) by the Administrative Agent and/or Collateral Trustee as necessary or advisable to evidence the Lien
Release at the sole cost and expense of the Borrower. 
 SECTION 4. Amendments to the Credit Agreement. Subject to the satisfaction
or waiver of the conditions set forth in Section 6 hereof, the Credit Agreement is hereby amended as follows: 

(a) The definition of “Collateral” is hereby amended by adding the following phrase after the words “Security Document”
therein: “(it being understood that each such Security Document is terminated, and such Liens are released, from and after the Third Amendment Effective Date)”. 

(b) The definition of “First Lien Obligations” is hereby amended by deleting the second sentence thereof. 

(c) Section 1.01 is hereby amended by adding the following definition in alphabetical order therein: 

““Third Amendment Effective Date”: August 22, 2022.” 

(d) Section 3.19 is deleted in its entirety and replaced with the following: “[Reserved]”; 

(e) Section 5.2(c) is deleted in its entirety and replaced with the following: “[reserved]”; 

(f) Section 5.5(c) is deleted in its entirety and replaced with the following: “[Reserved]”; 

(g) Section 5.9(a) is deleted in its entirety and replaced with the following: “[Reserved]”; 

(h) Section 5.9(b) is deleted in its entirety and replaced with the following: 

“Subject to Section 5.9(c), cause any Parent Only Subsidiary or any Subsidiary of Borrower, in each case, that is not an Excluded
Subsidiary, if not already a Guarantor, promptly (and in any event within 60 days after such person becomes a Subsidiary that is not an Excluded Subsidiary, or cases to be an Excluded Subsidiary, as the case may be, or such longer period as the
Administrative Agent may approve in its sole discretion) to become party to the Guarantee Agreement.” 

  
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 (i) Section 5.9(c) is deleted in its entirety and replaced with the following: 

“Notwithstanding the foregoing provisions of this Section 5.9 or any other provision hereof or of any other Loan Document, each
Subsidiary of Parent that provides a Guarantee of the Existing T-Mobile Notes shall also become a Subsidiary Guarantor hereunder in accordance with the provisions set forth above (but regardless of whether
such Subsidiary is an Excluded Subsidiary).” 
 (j) Section 5.11 is deleted in its entirety and replaced with the following: 

“Promptly execute and deliver to the Administrative Agent all such other documents, agreements and instruments and take such other actions
as reasonably requested by the Administrative Agent to comply with, cure any defects or accomplish the conditions precedent, covenants and agreements of the Parent and the other Group Members in the Loan Documents.” 

(k) Section 6.7(b) is deleted in its entirety and replaced with the following: 

“the Person formed by or surviving any such consolidation or merger (if other than the Borrower) or the Person to which such sale,
assignment, lease, transfer, conveyance or other disposition has been made expressly assumes, by an assumption and joinder agreement, executed and delivered to the Administrative Agent, the payment of the principal of and any premium and interest on
the Obligations and the performance and observance of every covenant of this Agreement on the part of the Borrower to be performed or observed.” 

(l) Section 7.1(i) is deleted in its entirety and replaced with the following: “[reserved]”. 

(m) Section 9.15 is hereby amended by adding the following clause (e) to the end thereof: 

“(e) For the avoidance of doubt, upon the Third Amendment Effective Date, all Liens created by the Security Documents shall automatically
terminate and be released, without the requirement for any further action by any Person and the Administrative Agent and the Collateral Trustee shall promptly (and the Lenders hereby authorize the Administrative Agent and the Collateral Trustee to)
take such action and execute any such documents as may be reasonably requested by Parent or the Borrower and at the Borrower’s expense to further document and evidence such termination and release of Liens created by the Security Documents
(including by way of assignment). 
 SECTION 5. Representations and Warranties. To induce the other parties hereto to enter
into this Agreement, the Borrower hereby represents and warrants to the Administrative Agent and each Lender and Issuing Bank party hereto that: 

(a) no Default or Event of Default has occurred and is continuing on the Third Amendment Effective Date (as defined below); and 

  
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 (b) the representations and warranties made by each Loan Party in or pursuant to the Loan
Documents as amended hereby are true and correct in all material respects on and as of the Third Amendment Effective Date as if made on and as of such date, except for representations and warranties expressly stated to relate to a specific earlier
date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date (provided that in each case such materiality qualifier shall not be applicable to any representations or
warranties that already are qualified or modified by materiality or “Material Adverse Effect”). 
 SECTION 6. Conditions
Precedent to the Effectiveness of this Agreement. This Agreement shall become effective on the date (the “Third Amendment Effective Date”) on which each of the following conditions shall have been satisfied or
waived: 
 (a) the Administrative Agent (or its counsel) shall have received counterparts of this Agreement that, when taken together, bear
the signatures of (1) the Borrower, (2) the Administrative Agent and (3) each Lender and Issuing Bank party to the Credit Agreement; 

(b) the Borrower shall have delivered a certificate to the Administrative Agent certifying that the delivery of the Direction Letter and the
release of Collateral directed thereunder is permitted under, and does not violate the terms of, any First Priority Debt Documents or Junior Priority Debt Documents (each as defined in the Collateral Trust Agreement); and 

(c) the payment in full of all fees and expenses (if any) owing to the Administrative Agent and the Lenders and Issuing Banks in respect of
this Agreement, to the extent invoiced at least three (3) Business Days prior to the Third Amendment Effective Date. 
 SECTION 7.
Effect of this Agreement. Except as expressly set forth herein, this Agreement shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders or the Issuing Banks or
the Administrative Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other
Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect; provided that, notwithstanding the foregoing, the parties hereto agree that from and after the Third Amendment Effective Date,
the Obligations shall no longer be secured by the Collateral and that any provision in the Loan Documents shall be interpreted to give effect thereto. Nothing herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment,
modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Agreement shall apply and be effective only
with respect to the provisions of the Credit Agreement specifically referred to herein. After the Third Amendment Effective Date, any reference to the Credit Agreement shall mean the Credit Agreement as modified hereby. 

SECTION 8. Reaffirmation. The Borrower, on behalf of itself and each Guarantor, hereby expressly consents to and acknowledges the terms
of this Agreement and confirms and reaffirms (except as expressly set forth herein), as of the date hereof, (a) the covenants and agreements contained in each Loan Document to which it is a party, as in effect immediately after giving effect to
this Agreement and the transactions contemplated hereby, (b) that all Obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the 

  
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Credit Agreement as amended, extended or otherwise modified hereby, (c) its guarantee of the Obligations as amended, extended or otherwise modified hereby and (d) that such Guarantees
are and shall continue to be in full force and effect as amended, extended or otherwise modified hereby and do, and shall continue to, inure to the benefit of the Lenders and the other Secured Parties. This Agreement shall not constitute a novation
of the Credit Agreement or any other Loan Document. 
 SECTION 9. Loan Document. This Agreement shall be deemed to be a Loan Document
for all purposes of the Credit Agreement and the other Loan Documents. 
 SECTION 10. Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission (e.g., “PDF” or
“TIFF”) of an executed counterpart of a signature page to this Agreement shall be effective as delivery of an original executed counterpart of this Agreement. 

SECTION 11. Execution. The words “execution,” “signed,” “signature,” “delivery,” and words of
like import in or relating to this Agreement and any document to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as
provided for in any applicable law, the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act;
provided that, in respect of documents to be signed by entities established within the European Union, the Electronic Signature qualifies as a “qualified electronic signature” within the meaning of the Regulation (EU) n 910/2014 of the
European parliament and of the Council of 23 July 2014 on electronic identification and trust services for electronic transaction in the internal market as amended from time to time. Each party hereby consents to the use of any third party
electronic signature capture service providers as may be reasonably chosen by a signatory hereof; provided that nothing herein shall require the Collateral Trustee to accept Electronic Signatures in any form or format without its prior written
consent. 
 SECTION 12. Headings. Section headings used herein are for convenience of reference only, are not part of this
Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 13.
Governing Law; Jurisdiction, etc. This Agreement shall be construed in accordance with and governed by the laws of the State of New York. The provisions of Sections 9.9 and 9.10 of the Credit Agreement shall apply to this
Agreement, mutatis mutandis. 
 [Remainder of page intentionally left blank.] 

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

			
	
	BORROWER:
	
	T-MOBILE USA, INC.
		
	By:	 	 /s/ Johannes Thorsteinsson

	Name:	 	Johannes Thorsteinsson
	Title:	 	Senior Vice President, Treasury & Treasurer

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	ADMINISTRATIVE AGENT:
	
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Director
		
	By:	 	 /s/ Annie Chung

	Name:	 	Annie Chung
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 LENDERS AND ISSUING BANKS: 

 

			
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Sean Duggan

	Name:	 	Sean Duggan
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
		
	By:	 	 /s/ Doreen Barr

	Name:	 	Doreen Barr
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Wesley Cronin

	Name:	 	Wesley Cronin
	Title:	 	Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Director
		
	By:	 	 /s/ Annie Chung

	Name:	 	Annie Chung
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	GOLDMAN SACHS BANK USA
		
	By:	 	 /s/ Keshia Leday

	Name:	 	Keshia Leday
	Title:	 	Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	CITIBANK, N.A.
		
	By:	 	 /s/ Jeffrey Kang

	Name:	 	Jeffrey Kang
	Title:	 	Vice President and Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Peter Thauer

	Name:	 	Peter Thauer
	Title:	 	Managing Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	MIZUHO BANK, LTD.
		
	By:	 	 /s/ John Davies

	Name:	 	John Davies
	Title:	 	Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	MUFG BANK, LTD.
		
	By:	 	 /s/ Matt Antioco

	Name:	 	Matt Antioco
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	SUMITOMO MITSUI BANKING CORPORATION, NEW YORK BRANCH
		
	By:	 	 /s/ Nabeel Shah

	Name:	 	Nabeel Shah
	Title:	 	Director, Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC.
		
	By:	 	 /s/ Phillip Magdaleno

	Name:	 	Phillip Magdaleno
	Title:	 	Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	MORGAN STANLEY BANK, N.A.
		
	By:	 	 /s/ Phillip Magdaleno

	Name:	 	Phillip Magdaleno
	Title:	 	Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	ROYAL BANK OF CANADA
		
	By:	 	 /s/ Scott Johnson

	Name:	 	Scott Johnson
	Title:	 	Authorized Signatory

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	BNP PARIBAS
		
	By:	 	 /s/ Maria Mulic

	Name:	 	Maria Mulic
	Title:	 	Managing Director
		
	By:	 	 /s/ Jonathan Lasner

	Name:	 	Jonathan Lasner
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	COMMERZBANK AG, NEW YORK BRANCH
		
	By:	 	 /s/ Pedro Bell

	Name:	 	Pedro Bell
	Title:	 	Managing Director
		
	By:	 	 /s/ Matthew Ward

	Name:	 	Matthew Ward
	Title:	 	Managing Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
		
	By:	 	 /s/ Jill Wong

	Name:	 	Jill Wong
	Title:	 	Director
		
	By:	 	 /s/ Gordon Yip

	Name:	 	Gordon Yip
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	THE TORONTO-DOMINION BANK, NEW YORK BRANCH
		
	By:	 	 /s/ Victoria Roberts

	Name:	 	Victoria Roberts
	Title:	 	Managing Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Spencer Ferry

	Name:	 	Spencer Ferry
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	BANCO SANTANDER, S.A., NEW YORK BRANCH
		
	By:	 	 /s/ Andres Barbosa

	Name:	 	Andres Barbosa
	Title:	 	Managing Director
		
	By:	 	 /s/ Daniel Kostman

	Name:	 	Daniel Kostman
	Title:	 	Executive Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	SOCIETE GENERALE
		
	By:	 	 /s/ Shelley Yu

	Name:	 	Shelley Yu
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	TRUIST BANK
		
	By:	 	 /s/ Alfonso Brigham

	Name:	 	Alfonso Brigham
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	NATIONAL WESTMINSTER BANK PLC
		
	By:	 	 /s/ Alex Maltby

	Name:	 	Alex Maltby
	Title:	 	Director

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Thomas Schauwers

	Name:	 	Thomas Schauwers
	Title:	 	Assistant Vice President

  
 [Signature Page to the
Third Amendment and Collateral Release] 

 Exhibit A 

[Omitted pursuant to Item 601(a)(5) of Regulation S-K.]Exhibit 4.1

    

    

    Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to
      the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made
      to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede &
      Co., has an interest herein.

    

    

    BECTON, DICKINSON AND COMPANY

    

    

    4.298% Notes due August 22, 2032

    

    

    CUSIP No. 075887 CP2

    

    

    	
            No.

          	
            $               

            

          

    

    

    BECTON, DICKINSON AND COMPANY, a New Jersey corporation (such corporation, and its successors and assigns under the Indenture hereinafter
      referred to, being herein called the “Company”) for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of $            on August 22, 2032 and to pay interest, on February 22 and August 22 of each year,
      commencing February 22, 2023, on said principal sum at the rate of 4.298% per annum, from August 22, 2022 or from the most recent interest payment date to which interest has been paid or provided for, as the case may be, until payment of said
      principal sum has been made or duly provided for; provided, however, that payment of interest may be made at the option of the Company (i) by check mailed to the address of the person entitled thereto as such address shall appear on the register of Notes or (ii) by transfer in
      immediately available funds to an account maintained by the person entitled thereto as specified in the register of Notes. The interest so payable on any February 22 or August 22 shall, subject to certain exceptions provided in the Indenture referred
      to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the February 7 or August 7 immediately preceding the applicable interest payment date.

    

    

    Reference is made to the further provisions of this Note 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 valid or become obligatory for any purpose until the certificate of authentication hereon shall have been manually,
      by facsimile or electronically signed by the Trustee under the Indenture referred to on the reverse hereof.

    
      
        

    

    

    

    IN WITNESS HEREOF, Becton, Dickinson and Company has caused this Note to be executed in its name and on its behalf by its duly authorized
      officers, and has caused its corporate seal to be affixed hereunto or imprinted hereon.

    

    

    Dated:

    

    

    	 	
            BECTON, DICKINSON AND COMPANY

          
	 	 	 
	 	
            By:

          	 
	 	
            Name:

          	
            Christopher DelOrefice

          
	 	
            Title:

          	
            Executive Vice President and Chief Financial Officer

          

    

    

    (CORPORATE SEAL)

    

    

    Attest:

    

    

    	
            By:

          	 	 
	
            Name:

          	
            Gary DeFazio

          	 
	
            Title:

          	
            Senior Vice President, Corporate Secretary and Associate General Counsel

          	 

    
      
        

    

    

    

    

    

    

    

    TRUSTEE’S CERTIFICATE

    OF AUTHENTICATION

    

    

    This Note is one of the Securities of the series referred to herein issued pursuant to the within-mentioned Indenture.

    

    

    Dated:

    

    

    	 	
            THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.;

          
	 	 	 
	 	
            as Trustee

          
	 	 	 
	 	
            By:

          	 
	 	 	
            Authorized Officer

          

    

    

    
      
        

    

    

    

    [Reverse of Security]

    

    

    BECTON, DICKINSON AND COMPANY

    

    

    4.298% Notes due August 22, 2032

    

    

    This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness of the Company (herein called the
      “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of March 1, 1997 (as amended or supplemented, herein called the “Indenture”), duly executed and delivered by the Company and
      The Bank of New York Mellon Trust Company, N.A., as successor to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee (herein called the “Trustee”), to which the Indenture and all indentures supplemental thereto reference is
      hereby made for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Trustee and the holders of the Securities. The Securities may be issued in one or more series, which
      different series may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions (if any), may be subject to different sinking,
      purchase or analogous funds (if any) and may otherwise vary as in the Indenture provided. This Note is one of a series designated as the 4.298% Notes due August 22, 2032 (the “Notes”) limited in aggregate principal amount to $500,000,000 (except as
      in the Indenture provided). The Company may, from time to time, without the consent of the existing holders of the Notes, issue additional notes under the Indenture having the same terms as the Notes in all respects, except for issue date, issue
      price and the initial interest payment date. Any such additional notes shall be consolidated with and form a single series with the Notes. Terms defined in the Indenture have the same definitions herein unless otherwise specified.

    

    

    In case an Event of Default, as defined in the Indenture, with respect to the Notes shall have occurred and be continuing, the principal
      hereof and interest hereon 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 permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and
      obligations of the Company and the rights of the holders of the Securities of any series at any time by the Company and the Trustee with the consent of the holders of a majority in aggregate principal amount of the outstanding Securities of such
      series, each affected series voting separately. The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of the outstanding Securities of any series, on behalf of the holders of all the Securities of
      such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by or on behalf of the holder of this Note shall be conclusive and binding upon such holder and upon all future holders of this Note
      and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of such consent or waiver is made upon this Note or such other Note.

    
      
        

    

    

    

    Subject to the terms of the Indenture, the Company may elect either (i) to defease and be discharged from any and all obligations with
      respect to the Notes or (ii) to be released from its obligations with respect to certain covenants applicable to the Notes, upon compliance by the Company with certain conditions set forth therein, which provisions apply to 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 interest on this Note at the place, at the respective times, at the rate and in the coin or currency prescribed herein.

    

    

    The Company may, at its option, redeem the Notes, in whole or in part, at any time and from time to time, prior to May 22, 2032 (three
      months prior to the maturity date (the “Par Call Date”)) at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) 100% of the principal amount of the Notes to be redeemed
      and (2) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year
      consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points less (b) interest accrued to the date of redemption, plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption date. At any time on or after
      the Par Call Date, the Company may redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but
      excluding, the redemption date. For the purposes hereof:

    

    

    “Treasury Rate” means, with respect to any redemption date, the yield determined by the Company in accordance with the following two
      paragraphs.

    

    

    The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or after such time as yields on U.S. government
      securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the redemption date based upon the yield or yields for the most recent day that appear after such time on such day in the most
      recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any successor designation or publication) (“H.15”) under the caption “U.S. government
      securities–Treasury constant maturities–Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the Company shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to
      the period from the redemption date to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury constant maturity on H.15 exactly equal to the Remaining Life, the two yields – one yield corresponding to the Treasury constant
      maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15 immediately longer than the Remaining Life – and shall interpolate to the Par Call Date on a straight-line basis (using the actual number
      of days) using such yields and rounding the result to three decimal places; or (3) if there is no such Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15
      closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury
      constant maturity from the redemption date.

    
      
        

    

    

    

    If on the third business day preceding the redemption date H.15 TCM is no longer published, the Company shall calculate the Treasury Rate
      based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., New York City time, on the second business day preceding such redemption date of the United States Treasury security maturing on, or with a maturity that
      is closest to, the Par Call Date, as applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date equally distant from the Par Call Date, one
      with a maturity date preceding the Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding the Par Call Date. If there are two or more United
      States Treasury securities maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States Treasury securities the
      United States Treasury security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the
      terms of this paragraph, the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City
      time, of such United States Treasury security, and rounded to three decimal places.

    

    

    The Company’s actions and determinations in determining the redemption price shall be conclusive and binding for all purposes, absent
      manifest error.

    

    

    Notice of any redemption described above will be mailed or electronically delivered (or otherwise transmitted in accordance with the
      depositary’s procedures) at least 10 days but not more than 60 days before the redemption date to each holder of the Notes to be redeemed. The notice of redemption will state any conditions applicable to a redemption and the amount of the Notes to be
      redeemed.

    

    

    In the case of a partial redemption, selection of the Notes for redemption will be made pro rata or by lot, or otherwise in accordance with
      applicable procedures of the relevant depositary. No Notes of a principal amount of $1,000 or less will be redeemed in part. If any Note is to be redeemed in part only, the notice of redemption that relates to the Note will state the portion of the
      principal amount of the Note to be redeemed. A new Note in a principal amount equal to the unredeemed portion of the Note will be issued in the name of the holder of the Note upon surrender for cancellation of the original Note. For so long as the
      Notes are held by DTC, Clearstream Banking S.A. or Euroclear Bank SA/NV (or another depositary), the redemption of the Notes shall be done in accordance with the policies and procedures of the depositary.

    

    

    Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes
      or portions thereof called for redemption. On and after the redemption date, the Notes or any portion of the Notes called for redemption will stop accruing interest. On or before any redemption date, the Company will deposit with the paying agent or
      the Trustee money sufficient to pay the accrued interest on the Notes to be redeemed and their redemption price. If less than all of the Notes are redeemed, such Notes shall be redeemed in accordance with the procedures of DTC. The Trustee shall not
      be responsible for determining the redemption price.

    
      
        

    

    

    

    If a Change of Control Triggering Event occurs, unless the Notes have been earlier redeemed, the Company shall be required to make an offer
      (a “Change of Control Offer”) to each holder of outstanding Notes to repurchase all or any portion (equal to $1,000 or an integral multiple of $1,000 in excess thereof) of that holder’s Notes at a purchase price equal to 101% of the principal amount
      thereof plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (the “Change of Control Payment”), subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant interest
      payment date. For purposes hereof:

    

    

    “Change of Control” means the occurrence of any one of the following:

    

    

    (i)          the direct or indirect sale,
        transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries taken as a whole to any Person
        (including any “person” (as that term is defined in Section 13(d)(3) of the Securities Exchange Act of 1934 (the “Exchange Act”))) other than to the Company or one of its subsidiaries;

    

    

    (ii)          the consummation of any
        transaction (including without limitation, any merger or consolidation) the result of which is that any Person (including any “person” (as that term is defined in Section 13(d)(3) of the Exchange Act)), other than the Company or one of its
        subsidiaries, becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of the Company or other Voting Stock into which the Company’s Voting
        Stock is reclassified, consolidated, exchange or changed, measured by voting power rather than number of shares; or

    

    

    (iii)          the adoption of a plan
        relating to the liquidation or dissolution of the Company.

    

    

    Notwithstanding the foregoing, a transaction shall not be considered to be a Change of Control if: (a) the Company becomes a direct or
      indirect wholly-owned subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock
      immediately prior to that transaction or (y) immediately following that transaction, no Person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company.

    

    

    “Change of Control Triggering Event” means the Notes are rated below Investment Grade by each of the Rating Agencies on any date during the
      period (the “Trigger Period”) commencing on the date of the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of that Change of Control (which Trigger Period
      shall be extended following consummation of a Change of Control for so long as any of the Rating Agencies has publicly announced that it is considering a possible ratings downgrade and the downgrade would result in a Change of Control Triggering
      Event). Unless at least two Rating Agencies are providing a rating for the Notes at the commencement of any Trigger Period, the Notes shall be deemed to be rated below Investment Grade by the Rating Agencies during that Trigger Period.
      Notwithstanding the foregoing, no Change of Control Triggering Event shall be deemed to have occurred in connection with (i) any particular Change of Control unless and until such Change of Control has actually been consummated or (ii) any reduction
      in rating if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the trustee in writing at its request that the reduction was the result, in whole or in part,
      of any event or circumstance comprised of or arising as a result of, or in respect of, a Change of Control (whether or not the Change of Control shall have occurred at the time of the reduction in rating). In no event shall the Trustee be charged
      with the responsibility of monitoring the Company’s ratings.

    
      
        

    

    

    

    “Fitch” means Fitch Ratings, Inc. and its successors.

    

    

    “Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category of Moody’s); and a
      rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P); and a rating of BBB- or better by Fitch (or its equivalent under any successor rating category of Fitch) or the equivalent investment grade credit
      rating from any additional Rating Agency or Rating Agencies selected by the Company in accordance with the definition of “Rating Agency.”

    

    

    “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors.

    

    

    “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated
      organization, limited liability company or government or other entity.

    

    

    “Rating Agency” means each of Fitch, Moody’s and S&P; provided, that if any of Fitch, Moody’s or S&P ceases to provide rating services to issuers or investors or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, the
      Company may appoint a replacement for that Rating Agency.

    

    

    “S&P” means S&P Global Ratings, a division of S&P Global Inc., and its successors.

    

    

    “Voting Stock” of any specified Person as of any date means the capital stock of that Person that is at the time entitled to vote generally
      in the election of the board of directors of that Person.

    

    

    Within 30 days following the date upon which the Change of Control Triggering Event has occurred, or at the Company’s option, prior to any
      Change of Control but after the public announcement of the pending Change of Control, the Company shall send, in accordance with DTC procedures or otherwise, a notice to each holder of the Notes, with a copy to the Trustee, describing the transaction
      or transactions that constitute or may constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date must be no earlier than 30 days nor later than 60 days from the date the
      notice is mailed, other than as may be required by law (the “Change of Control Payment Date”). If the notice is mailed prior to the date of consummation of the Change of Control, it shall state that the Change of Control Offer is conditioned on the
      Change of Control being consummated on or prior to the Change of Control Payment Date.

    

    

    If holders of Notes elect to have Notes purchased pursuant to a Change of Control Offer, they must surrender their Notes, with the form
      entitled “Option of Holder to Elect Purchase” on the reverse of this Note completed, to the Trustee at the address specified in the notice, or transfer their Notes to the Trustee by book-entry transfer pursuant to the applicable procedures of the
      Trustee, prior to the close of business on the third Business Day prior to the Change of Control Payment Date. On or prior to 12:00 p.m., New York City time, on the Business Day immediately preceding the Change of Control Payment Date, the Company
      shall, to the extent lawful, deposit with the paying agent or the Trustee an amount equal to the Change of Control Payment in respect of all the Notes or portions of the Notes properly tendered.

    
      
        

    

    

    

    On the Change of Control Payment Date, the Company shall, to the extent lawful, (i) accept for payment all Notes or portions of Notes
      properly tendered pursuant to the Change of Control Offer, (ii) deposit with the Trustee or a paying agent the required payment for all properly tendered Notes or portions of Notes not validly withdrawn, and (iii) deliver or cause to be delivered to
      the Trustee the Notes properly accepted, together with an officer’s certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased. The paying agent or the Trustee, as applicable, shall promptly deliver to each
      holder of the Notes properly tendered the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each holder of the Notes a new Note equal in principal amount to
      any unpurchased portion of the Notes surrendered, if any; provided that each new Note shall be in a minimum principal amount equal to $1,000 and
      integral multiples of $1,000 in excess thereof.

    

    

    The Company shall not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times and
      otherwise in compliance with the requirements for such an offer made by the Company and that third party purchases all Notes properly tendered and not withdrawn under its offer.

    

    

    If holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in a
      Change of Control Offer and the Company, or any third party making such an offer in lieu of the Company as set forth above, purchases all of the Notes validly tendered and not withdrawn by such holders, the Company or such third party shall have the
      right, upon not less than 10 days nor more than 60 days’ prior notice, provided that such notice is given not more than 30 days following such
      repurchase pursuant to the Change of Control Offer as set forth above, to redeem all Notes that remain outstanding following such purchase on a date specified in such notice (the “Second Change of Control Payment Date”) and at a price in cash equal
      to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the Second Change of Control Payment Date.

    

    

    To the extent that the provisions of any securities laws or regulations conflict with the provisions herein, the Company shall comply with
      the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the provisions herein by virtue of such conflicts.

    

    

    Upon the presentment for registration of transfer of this Note at the office or agency of the Company designated for such purpose pursuant
      to the Indenture, a new Note or Notes of authorized denominations for an equal aggregate principal amount shall be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax
      or other governmental charge imposed in connection therewith.

    
      
        

    

    

    

    Prior to due presentment for registration of transfer of this Note, the Company, the Trustee or any Note registrar, co-registrar, paying
      agent or authenticating agent, may deem and treat the registered holder hereof as the absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of
      receiving payment hereof, or an account hereof, and for all other purposes, and the Company, the Trustee and any Note registrar, co-registrar, paying agent and authenticating agent shall not be affected by any notice to the contrary.

    

    

    The Trustee agrees to accept and act upon instructions or directions given pursuant to the Indenture and sent using e-mail, facsimile
      transmission, secure electronic transmission or other similar electronic methods, provided, however, that the Trustee shall have received an
      incumbency certificate listing persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added
      or deleted from the listing. If the Company elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s reasonable
      understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s good faith reliance upon and compliance with such instructions
      notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee,
      including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.

    
      
        

    

    

    

    OPTION OF HOLDER TO ELECT PURCHASE

    

    

    If you want to elect to have this Note purchased by the Company pursuant to a Change of Control Offer, check the appropriate box below:

    

    

    [  ] Change of Control Offer

    

    

    If you want to elect to have only part of this Note purchased by the Company pursuant to a Change of Control Offer, state the amount you
      elect to have purchased:

    

    

    $__________ (equal to $1,000 or an integral multiple of $1,000 in excess thereof)

    

    

    	 	
            Date: ____________

          	
            Your Signature: _________________________

          
	 	 	
             (Sign exactly as your name appears on the face of this Note)

          
	 	 	 
	 	 	
            Tax Identification No.: ____________

          

    

    

    Signature Guarantee*: ___________________________

    

    

    * Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

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