Document:

Exhibit 10.5

 

CONSENT AND WAIVER AGREEMENT

 

THIS CONSENT AND WAIVER
AGREEMENT, dated as of July 30, 2014 (this “Agreement”), is entered into by and among Cyalume Technologies
Holdings, Inc., a Delaware corporation (the “Company”), US VC Partners, L.P., a Delaware limited partnership
(“USVC”), and JFC Technologies, LLC, a Delaware limited liability company (“JFC”).

 

RECITALS

 

WHEREAS, USVC purchased
shares of Series A Convertible Preferred Stock, par value $0.001 per share (the “Series A Preferred Stock”),
of the Company and acquired warrants to purchase shares of Series A Preferred Stock (the “Series A Warrants”)
and warrants to purchase shares of Common Stock, par value $0.001 per share (“Common Stock”), of the
Company (the “Common Stock Warrants”) in each case pursuant to the terms of a Securities Purchase Agreement,
dated as of November 19, 2013 (the “Series A Purchase Agreement”), by and between the Company and USVC
and a Series A Certificate of Designation filed on November 18, 2013 (the “Series A Certificate of Designation”);

 

WHEREAS, in connection
with the Series A Purchase Agreement, USVC and the Company entered into a Registration Rights Agreement dated as of November 19,
2013 (the “Series A RRA”);

 

WHEREAS, JFC has entered
into an Amended and Restated Promissory Note with the Company on November 19, 2013 (the “JFC Note”) which
provides JFC with the right to acquire a number of Series A Warrants and Common Stock Warrants upon the conversion of a portion
of the JFC Note into shares of Series A Preferred Stock;

 

WHEREAS, the Company
proposes to sell an aggregate of $2,000,000 principal amount of two new series of preferred stock, designated as Series B Convertible
Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”), and Series C Preferred
Stock, par value $0.001 per share (the “Series C Preferred Stock”), to Cova Small Cap Holdings, LLC,
Michael G. Barry and Bayonet Capital Fund I, LLC (the “Series B/C Investors”), and, in connection therewith,
to amend certain terms and provisions of the Series A Preferred Stock and the JFC Note (such transaction is referred to herein
as the “Series B/C Offering”);

 

WHEREAS, as of the
date hereof USVC is the sole holder of the Series A Preferred Stock and, pursuant to the Series A Purchase Agreement and the terms
of the Series A Preferred Stock, the Company is restricted from issuing new securities in certain instances without the consent
of USVC, and USVC is entitled to be notified of the Series B/C Offering and to exercise its preemptive rights to purchase the securities
offered thereby;

 

WHEREAS, pursuant to
the Series A Preferred Stock, the Series A Warrants and the Existing Common Stock Warrants, USVC has certain anti-dilution adjustment
rights in the event of certain issuances of securities by the Company, including in connection with the Series B/C Offering; and

 

WHEREAS, in consideration
for obtaining the consents and waivers of USVC and JFC provided herein in order to facilitate the Series B/C Offering, the Company,
USVC and JFC have agreed to amend certain provisions of the Series A Certificate of Designations and the JFC Note as set forth
below;

 

    	 

    	 

    

  

NOW, THEREFORE, in
consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.           Consents
and Waivers.

 

(a)          Consent
to Offering. USVC hereby consents to: (i) the issuance of the Series B Preferred Stock and Series C Preferred Stock in accordance
with, and the terms and conditions of, the Securities Purchase Agreement, dated as of July 30, 2014, by and among the Company and
the Series B/C Investors substantially in the form attached as Exhibit A hereto, (ii) the terms and conditions of the Registration
Rights Agreement, dated as of July 30, 2014, by and among the Company and the Series B/C Investors substantially in the form attached
as Exhibit B hereto, and (iii) the terms and provisions of the Certificate of Designation of the Series B Preferred Stock
substantially in the form attached as Exhibit C hereto, (iv) the terms and provisions of the Certificate of Designation
of the Series C Preferred Stock substantially in the form attached as Exhibit D hereto, and (v) the First Amended and Restated
Certificate of Designations of the Series A Preferred Stock substantially in the form attached as Exhibit E hereto (the
“Restated Certificate of Designations”).

 

(b)          Waiver
of Restrictions. USVC hereby waives all restrictions relating to the Series B/C Offering, including, without limitation, under
the Series A Purchase Agreement, the Series A Certificate of Designation and the Series A RRA (including, without limitation, its
rights under Section 6.3 of the Series A Certificate of Designation and under Section 9(b) of the Series A RRA).

 

(c)          Notification
and Preemptive Rights. USVC hereby waives all of its notification and preemptive rights under Section 4.12 of the Series A
Purchase Agreement to purchase Series B Preferred Stock and Series C Preferred Stock being offered by the Company in the Series
B/C Offering.

 

(d)          Anti-Dilution
Adjustments. USVC hereby waives any and all rights to anti-dilution adjustments resulting from the Series B/C Offering under
the Series A Preferred Stock, the Series A Warrants and the Existing Common Stock Warrants. Without limiting the generality of
the foregoing, USVC acknowledges and agrees that all issuances of Common Stock and/or Convertible Securities pursuant to the Series
B/C Offering, including the issuance of the Series B Preferred Stock and the Series C Preferred Stock pursuant thereto and of any
shares of Common Stock upon conversion of shares of Series B Preferred Stock issued pursuant thereto, shall be deemed to be “Excluded
Issuances” for all purposes under the Series A Certificate of Designations and the Restated Certificate of Designations.

 

2.           Termination
of Series A Warrants and the Existing Common Stock Warrants.

 

(a)          USVC
hereby agrees that the Series A Warrants and the Common Stock Warrants issued to USVC pursuant to the Series A Purchase Agreement
are hereby terminated in full and shall have no further force or effect. USVC hereby agrees to provide the Company with the original
copies of the Series A Warrants and the Common Stock Warrants.

 

    	 

    	 

    

  

(b)          JFC
hereby agrees to amend and restate the JFC Note to eliminate Section 3(e) and Section 3(f) from the JFC Note so as to terminate
any right of JFC to receive Series A Warrants and Common Stock Warrants upon the conversion of any portion of the JFC Note.

 

3.           Future
Transactions. Notwithstanding the foregoing provisions of Section 1 of this Agreement, the consents and waivers given pursuant
to Section 1 of this Agreement apply only to the Series B/C Offering and do not limit or effect USVC’s rights with respect
to any other transaction.

 

4.           Effectiveness.
The consents and waivers given in Section 1 shall have no effect and shall be deemed null and void if the Company fails to timely
comply with its obligations under Sections 5.

 

5.          Amendment
and Restatement of Series A Certificate of Designations. The Series A Certificate of Designation shall be amended and restated
as set forth in the Restated Certificate of Designations and the Company shall file the Restated Certificate of Designation
with the Secretary of State of the State of Delaware no later than within one business day after the initial closing of the Series
B/C Offering and shall provide written evidence thereof to USVC.

 

6.           Representations
And Warranties.

 

(a)          The
Company represents and warrants to USVC and JFC that this Agreement has been duly and validly authorized by the Company, this Agreement
has been duly executed and delivered on behalf of the Company, and this Agreement is a valid and binding obligation of the Company.

 

(b)          The
Company represents and warrants to USVC that the execution and delivery of this Agreement by the Company and the filing of the
Certificates of Designations do not and will not conflict with or result in a breach by the Company of any of the terms or provisions
of, or constitute a default or require the consent of any party under the Articles of Incorporation or By-laws of the Company,
or any indenture, mortgage, deed of trust or other agreement or instrument to which the Company is a party or by which it or any
of its properties or assets are bound or any applicable law, rule or regulation or any applicable decree, judgment or order of
any court, United States federal or state regulatory body, administrative agency or other governmental body having jurisdiction
over the Company or any of its properties or assets.

 

(c)          Each
of USVC and JFC represents and warrants to the Company that this Agreement has been duly and validly authorized by it, this Agreement
has been duly executed and delivered on its behalf, and this Agreement is a valid and binding obligation of it.

 

7.           Confirmation
of Agreements; Entire Agreement. Except as specifically consented to or waived in this Agreement, USVC and JFC will not be
deemed to have consented to, waived or amended any other rights or provisions of any other agreement or document. Except as amended
by this Agreement, the terms and provisions of the Series A Purchase Agreement and the documents executed in connection therewith
(other than the Series A Warrants and the Existing Common Stock Warrants) remain in full force and effect.

 

    	 

    	 

    

  

8.           Miscellaneous.

 

(a)          Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of
conflicts of law thereof.

 

(b)          Execution.
This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same
agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being
understood that both parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission,
or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile signature page
were an original thereof.

 

(c)          Severability.
If any provision of this Agreement is held to be invalid or unenforceable in any respect, the validity and enforceability of the
remaining terms and provisions of this Agreement shall not in any way be affected or impaired thereby and the parties will attempt
to agree upon a valid and enforceable provision that is a reasonable substitute therefor, and upon so agreeing, shall incorporate
such substitute provision in this Agreement.

 

(d)          Amendments.
No amendment, modification, waiver, discharge or termination of any provision of this Agreement nor consent to any departure by
USVC or the Company therefrom shall in any event be effective unless the same shall be in writing and signed by the party to be
charged with enforcement, and then shall be effective only in the specific instance and for the purpose for which given.

 

(e)          Further
Assurances. Each party to this Agreement will perform any and all acts and execute any and all documents as may be necessary
and proper under the circumstances in order to accomplish the intents and purposes of this Agreement and to carry out its provisions.

 

(Signature Page Follows)

 

    	 

    	 

    

  

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed by their respective authorized signatories as of the date first
indicated above.

 

	 	CYALUME TECHNOLOGIES HOLDINGS, INC.
	 	 	 
	 	By:	/s/ Zivi Nedivi
	 	 	Name: Zivi Nedivi
	 	 	Title: CEO
	 	 	 
	 	US VC PARTNERS, L.P.
	 	 	 
	 	By:	/s/ Andrew Intrater
	 	 	Name: Andrew Intrater
	 	 	Title: Chief Executive Officer
	 	 	 
	 	JFC TECHNOLOGIES, LLC
	 	 	 
	 	By:	/s/ James G. Schleck
	 	 	Name: James G. Schleck
	 	 	Title: Managing MemberExhibit 4.1

 Exhibit 4.1 

BB&T CORPORATION 
 Medium-Term
Notes, Series E (Senior) 
 Officers’ Certificate and Company Order 

Pursuant to the Indenture Regarding Senior Securities, dated as of May 24, 1996, as amended by the First Supplemental Indenture, dated as
of May 4, 2009 (as so amended, and as may be further amended or supplemented from time to time, the “Indenture”), between BB&T Corporation, a North Carolina corporation formerly known as Southern National Corporation
(the “Company”), and U.S. Bank National Association, a national banking association, as successor to the corporate trust business of State Street and Trust Company, as Trustee (the “Trustee”), and to
resolutions adopted by the Company’s Board of Directors on April 22, 2008, August 24, 2010, June 21, 2011, April 24, 2012 and June 24, 2014 this Officers’ Certificate and Company Order is being
delivered to the Trustee to establish the terms of a series of Securities in accordance with Section 2.01 of the Indenture, to establish the forms of the Securities of such series in accordance with Section 2.01 of the Indenture, and to
establish the procedures for the authentication and delivery of specific Securities from time to time pursuant to Section 2.04 of the Indenture. This Officers’ Certificate and Company Order shall be treated for all purposes under the
Indenture as a supplemental indenture thereto. 
 All conditions precedent provided for in the Indenture relating to the establishment of
(i) a series of Securities, (ii) the forms of such series of Securities, and (iii) the procedures for the authentication and delivery of such series of Securities have been complied with. 

Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to them in the Indenture. References herein to
the “Agents” are to the Agents as defined in that certain Distribution Agreement, dated August 4, 2014, between the Company and such Agents, pursuant to which the Notes (as defined herein) may be sold, and such other
persons who may from time to time act as Agents with respect to the Notes. 
 A. Establishment of Series pursuant to Section 2.01 of
the Indenture. 
 There is hereby established pursuant to Section 2.01 of the Indenture a series of Securities which shall have the
following terms: 
 (1) The Securities of such series shall bear the title “Medium-Term Notes, Series E (Senior)”
(referred to herein as the “Notes”). 
 (2) The aggregate principal amount of the Notes of such series to be issued
pursuant to this Officers’ Certificate is unlimited. 
 (3) Interest will be payable to the person in whose name a Note (or one or more
predecessor Notes) is registered at the close of business on the Regular Record Date (as defined below) next preceding each Interest Payment Date (as defined below); provided, however, that interest payable at maturity or upon redemption will
be payable to the person to whom principal shall be payable. 

 (4) Each Note within such series shall mature on a date nine months or more from its date of
issue as specified in such Note and in the applicable Pricing Supplement; provided, however, that no Commercial Paper Rate Note (as defined below) shall mature less than nine months and one day from its date of issue. If the Maturity Date or
Redemption Date specified in the applicable Pricing Supplement for any Note is a day that is not a Business Day, principal will be paid on the next day that is a Business Day with the same force and effect as if made on such specified Maturity Date
or Redemption Date, as applicable. 
 With respect to the Notes of this series, “Business Day” has the following
meanings, unless the applicable Pricing Supplement specifies otherwise: 
  

	 	•	 	Except as set forth below, a Business Day is any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York City or Winston-Salem, North Carolina are
generally authorized or obligated by law or executive order to close. 

  

	 	•	 	For LIBOR Notes issued in U.S. dollars, a Business Day, with respect to any payment, is any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York
City or Winston-Salem, North Carolina are generally authorized or obligated by law or executive order to close, and is also a London Business Day, and with respect to an Interest Determination Date, is a London Business Day. 

 

	 	•	 	For Notes denominated in euro, the term Business Day means any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York City or Winston-Salem, North
Carolina are generally authorized or obligated by law or executive order to close and is also a TARGET Business Day. 

  

	 	•	 	For Notes denominated in a Specified Currency other than euro, the term Business Day means any day that is not a Saturday or Sunday or Federal Reserve holiday and that is not a day that banking institutions in New York
City or Winston-Salem, North Carolina are generally authorized or obligated by law or executive order to close, and is also a day on which commercial banks and foreign exchange markets settle payments in the Principal Financial Center of the country
of the relevant Specified Currency (if other than New York City). 

 Unless otherwise specified in the applicable Pricing
Supplement, the “Principal Financial Center” of any country for the purpose of the foregoing definition is as provided in the 2006 ISDA Definitions, as amended and updated from time to time, published by the International
Swaps and Derivatives Association, Inc. 
 “London Business Day” means any day on which dealings in U.S. dollars are
transacted in the London interbank market. 
 “TARGET Business Day” means a day on which the Trans-European
Automated Real Time Gross Settlement Express Transfer System is operating. 

  
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 (5) Each Note within such series that bears interest will bear interest at either (a) a
fixed rate (such Notes being referred to as the “Fixed Rate Notes”) or (b) a floating rate determined by reference to one or more base rates, which may be adjusted by a Spread and/or Spread Multiplier (each as defined
below) (such Notes being referred to as the “Floating Rate Notes”). Notes within such series may also be issued as “Zero Coupon Notes” which do not provide for any periodic payments of interest. Notes
may be issued as Original Issue Discount Notes at a discount from the principal amount thereof due at the stated maturity as specified in the applicable Pricing Supplement. Any Floating Rate Note may also have either or both of the following as set
forth in the applicable Pricing Supplement: (i) a maximum interest rate limitation, or ceiling, on the rate at which interest will accrue during any Interest Reset Period (a “Maximum Interest Rate”); and (ii) a
minimum interest rate limitation, or floor, on the rate at which interest will accrue during any Interest Reset Period (a “Minimum Interest Rate”). The interest rate on a Note will in no event be higher than the maximum rate
permitted by New York law as the same may be modified by United States law of general application. Under present New York law, the maximum rate of interest is (on a simple interest basis) 16% for a loan of less than $250,000, 25% for a loan of at
least $250,000 but less than $2,500,000, and unlimited for a loan of $2,500,000 or more. The applicable Pricing Supplement may designate any of the following base rates (“Base Rates”) as applicable to each Floating Rate Note:
(a) the Commercial Paper Rate, in which case such Note will be a “Commercial Paper Rate Note”; (b) EURIBOR, in which case such Note will be a “EURIBOR Note”; (c) the Federal Funds Rate,
in which case such Note will be a “Federal Funds Rate Note”; (d) LIBOR, in which case such Note will be a “LIBOR Note”; (e) the Prime Rate, in which case such Note will be a “Prime
Rate Note”; (f) the CD Rate, in which case such Note will be a “CD Rate Note”; (g) the Treasury Rate, in which case such Note will be a “Treasury Rate Note”; (h) the CMT
Rate, in which case such Note will be a “CMT Rate Note”; or (i) one or more other Base Rates. 
 The interest
rate on each Floating Rate Note for each Interest Period will be determined by reference to (i) the applicable Base Rates specified in the applicable Pricing Supplement for such Interest Period, plus or minus any applicable Spread and/or
multiplied by any applicable Spread Multiplier. The “Spread” is the number of basis points, each one-hundredth of a percentage point, specified in the applicable Pricing Supplement to be added or subtracted from the Base Rate
for a Floating Rate Note. For example, if a Note bears interest at LIBOR plus one basis point, or .01%, and the Calculation Agent (as defined below) determines that LIBOR is 5.00% per annum, the Note will bear interest at 5.01% per annum
until the next Interest Reset Date (as defined below). The “Spread Multiplier” is the percentage specified in the applicable Pricing Supplement to be applied to the Base Rate for a Floating Rate Note. For example, if a Note
bears interest at 90% of LIBOR, and the Calculation Agent determines that LIBOR is 5.00% per annum, the Note will bear interest at 4.50% per annum until the next Interest Reset Date. 

Each Note that bears interest will bear interest from and including its date of issue (or other specified date on which interest begins to
accrue) or from and including the most recent Interest Payment Date on which interest on such Note (or one or more predecessor Notes) has been paid or duly provided for (i) at the fixed rate per annum applicable to the related Interest Period,
or (ii) at a rate per annum determined pursuant to the Base Rates applicable to the related Interest Period or Interest Periods, in each case as specified therein and in the applicable Pricing Supplement, until the principal thereof is paid or
made available for payment. Interest will be 

  
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payable on each Interest Payment Date and at maturity or, if applicable, upon redemption. The first payment of interest on any Note originally issued after a Regular Record Date and on or before
an Interest Payment Date will be made on the Interest Payment Date following the next succeeding Regular Record Date to the registered holder on such next succeeding Regular Record Date. Interest rates and Base Rates are subject to change by the
Company from time to time but no such change will affect any Note theretofore issued or which the Company has agreed to issue. Unless otherwise specified in the applicable Pricing Supplement, the “Interest Payment Dates” and
the “Regular Record Dates” for Fixed Rate Notes shall be as described below under “Fixed Rate Notes”, and the “Interest Payment Dates” and the “Regular Record
Dates” for Floating Rate Notes shall be as described below under “Floating Rate Notes”. 
 The
applicable Pricing Supplement will specify, among other things: (i) the issue price, Interest Payment Dates and Regular Record Dates; (ii) with respect to any Fixed Rate Note, the interest rate; (iii) with respect to any Floating Rate
Note, the method (which may vary from Interest Period to Interest Period) of calculating the interest rate applicable to each Interest Period (including, if applicable, the fixed rate per annum applicable to one or more Interest Periods), the period
to maturity of any instrument on which the Base Rate for any Interest Period is predicated (the “Index Maturity”), the Spread and/or Spread Multiplier, the Interest Determination Dates (as defined below), the Interest Reset
Dates and any Minimum Interest Rate or Maximum Interest Rate; (iv) whether such Note is an Original Issue Discount Note; and (v) any other terms related to interest on the Notes. 

Fixed Rate Notes. 
 Each Fixed Rate Note,
whether or not issued as an Original Issue Discount Note, will bear interest at the annual rate specified therein and in the applicable Pricing Supplement. Unless otherwise specified in the applicable Pricing Supplement, the Interest Payment Dates
for the Fixed Rate Notes will be on February 1 and August 1 of each year and at maturity or, if applicable, upon redemption, and the Regular Record Dates for the Fixed Rate Notes will be on the day (whether or not a Business Day) 15
calendar days preceding each Interest Payment Date. Unless otherwise specified in the applicable Pricing Supplement, interest payments for Fixed Rate Notes shall be the amount of interest accrued to, but excluding, the relevant Interest Payment
Date. Interest on Fixed Rate Notes will be computed and paid on the basis of a 360-day year of twelve 30-day months. In the event that any Interest Payment Date or any applicable Redemption Date on a Fixed Rate Note is not a Business Day, such
Interest Payment Date or Redemption Date shall be postponed to the next day that is a Business Day, and no interest will accrue for the period from and after the scheduled Interest Payment Date or Redemption Date, as the case may be. 

Floating Rate Notes. 
 Unless otherwise
specified in the applicable Pricing Supplement and except as provided below, interest on Floating Rate Notes will be payable on the following Interest Payment Dates: in the case of Floating Rate Notes with a daily, weekly or monthly Interest Reset
Date, on the third Wednesday of each month of each year; in the case of Floating Rate Notes with a quarterly Interest Reset Date, on the third Wednesday of March, June, September and December of each year; in the case of Floating Rate Notes with a
semi-annual Interest Reset 

  
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Date, on the third Wednesday of the two months of each year specified in the applicable Pricing Supplement; and in the case of Floating Rate Notes with an annual Interest Reset Date, on the third
Wednesday of the month of each year specified in the applicable Pricing Supplement. Interest will also be paid at maturity or, if applicable, upon redemption. Unless otherwise specified in the applicable Pricing Supplement, the Regular Record Dates
for the Floating Rate Notes will be the day (whether or not a Business Day) 15 calendar days preceding each Interest Payment Date. In the event that any Interest Payment Date for any Floating Rate Note is not a Business Day, such Interest Payment
Date shall be postponed to the next day that is a Business Day, provided that, for LIBOR Notes and EURIBOR Notes, if such Business Day is in the next succeeding calendar month, such Interest Payment Date shall be the immediately preceding
Business Day. 
 The rate of interest on each Floating Rate Note will be reset daily, weekly, monthly, quarterly, semi-annually or annually
(such specified period, an “Interest Reset Period”, and the date on which each such reset occurs, an “Interest Reset Date”), as specified in the applicable Pricing Supplement. Unless otherwise
specified in the applicable Pricing Supplement, the Interest Reset Date will be as follows: in the case of Floating Rate Notes which are reset daily, each Business Day; in the case of Floating Rate Notes (other than Treasury Rate Notes) which are
reset weekly, the Wednesday of each week; in the case of Floating Rate Notes that are Treasury Rate Notes which are reset weekly, the Tuesday of each week (except if the auction date falls on a Tuesday, then the next Business Day); in the case of
Floating Rate Notes which are reset monthly, the third Wednesday of each month; in the case of Floating Rate Notes which are reset quarterly, the third Wednesday of March, June, September and December of each year; in the case of Floating Rate Notes
which are reset semi-annually, the third Wednesday of the two months of each year specified in the applicable Pricing Supplement; and in the case of Floating Rate Notes which are reset annually, the third Wednesday of the month of each year
specified in the applicable Pricing Supplement. 
 The interest rate in effect from the date of issue to the first Interest Reset Date with
respect to a Floating Rate Note (the “Initial Interest Rate”) will be as specified in the applicable Pricing Supplement. If any Interest Reset Date for any Floating Rate Note would otherwise be a day that is not a Business
Day, such Interest Reset Date shall be postponed to the next day that is a Business Day, provided that, for LIBOR Notes and EURIBOR Notes, if such Business Day is in the next succeeding calendar month, such Interest Reset Date shall be the
immediately preceding Business Day. 
 Unless otherwise specified in the applicable Pricing Supplement, the interest rate determined with
respect to any Interest Determination Date will become effective on and as of the next succeeding Interest Reset Date. As used herein, “Interest Determination Date” means the date as of which the interest rate for a Floating
Rate Note is to be calculated, to be effective as of the following Interest Reset Date and calculated on the related Calculation Date (as defined below). Unless otherwise specified in the applicable Pricing Supplement, the Interest Determination
Date pertaining to any Interest Reset Date will be: for a Commercial Paper Rate Note, a CD Rate Note or a CMT Rate Note (the “Commercial Paper Rate Interest Determination Date”, the “CD Rate Interest Determination
Date”, and the “CMT Rate Interest Determination Date,” respectively), the second Business Day prior to such Interest Reset Date; for Federal Funds Rate Notes and Prime Rate Notes (the “Federal Funds
Rate Interest 

  
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Determination Date” and the “Prime Rate Interest Determination Date”, respectively), the Business Day immediately preceding the related Interest Reset
Date; for EURIBOR Notes (the “EURIBOR Interest Determination Date”), the second TARGET Business Day before the Interest Reset Date; for LIBOR Notes (the “LIBOR Interest Determination Date”), the second
London Business Day before the Interest Reset Date; and for a Treasury Rate Note (the “Treasury Rate Interest Determination Date”) will be the Business Day (other than the Interest Reset Date) on which Treasury Bills (as
defined below) would normally be auctioned in the week in which such Interest Reset Date falls. Treasury Bills are usually sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is usually held on the
following Tuesday, although it may be held on the preceding Friday. If, as the result of a legal holiday, an auction is so held on the preceding Friday, such Friday will be the Treasury Rate Interest Determination Date pertaining to the Interest
Reset Date occurring in the next succeeding week. If an auction date shall fall on any Interest Reset Date for a Treasury Rate Note, then such Interest Reset Date shall instead be the first Business Day immediately following such auction date. The
Interest Determination Date pertaining to a Floating Rate Note the interest rate of which is determined by reference to two or more Base Rates will be the latest Business Day which is at least two Business Days prior to such Interest Reset Date for
such Floating Rate Note on which each such Base Rate is determinable. 
 Unless otherwise specified in the applicable Pricing Supplement,
interest payments on an Interest Payment Date for a Floating Rate Note will include interest accrued from, and including, the most recent Interest Payment Date on which interest has been paid or duly provided for (or, from, and including, the date
of issue, or any date specified in the applicable Pricing Supplement as the date on which interest begins to accrue, if no interest has been paid or duly provided for with respect to such Floating Rate Note). Interest will accrue to, but excluding,
the next Interest Payment Date (each such interest accrual period, an “Interest Period”), or if earlier the date on which the principal is paid or duly made available for payment. Accrued interest from the date of issue, from
such other specified date on which interest begins to accrue or from the last date to which interest has been paid or duly provided for to the date for which interest is being calculated shall be calculated by multiplying the face amount of a
Floating Rate Note by the applicable accrued interest factor (the “Accrued Interest Factor”). The Accrued Interest Factor shall be computed by adding together the interest factors calculated for each day in the relevant
Interest Period. Unless otherwise specified in the applicable Pricing Supplement, the interest factor for each such day shall be computed by dividing the per annum interest rate, expressed as a decimal, applicable to such day by 360 in the case of
Commercial Paper Rate Notes, Federal Funds Rate Notes, LIBOR Notes, EURIBOR Notes, Prime Rate Notes, and CD Rate Notes, or by the actual number of days in the year in the case of Treasury Rate Notes and CMT Rate Notes. The interest rate in effect on
each day will be (i) if such day is an Interest Reset Date, the interest rate with respect to the Interest Determination Date pertaining to such Interest Reset Date or (ii) if such day is not an Interest Reset Date, the interest rate with
respect to the Interest Determination Date relating to the next preceding Interest Reset Date, subject in either case to any Maximum Interest Rate or Minimum Interest Rate referred to above or in the applicable Pricing Supplement. 

Unless otherwise specified in the applicable Pricing Supplement, U.S. Bank National Association will be the “Calculation
Agent”. On or before each Calculation Date, the Calculation Agent will determine the interest rate in accordance with the foregoing and as 

  
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described below with respect to the applicable Base Rate and notify the Company and the Paying Agent. The Paying Agent will determine the Accrued Interest Factor applicable to any such Floating
Rate Note. The Paying Agent will, upon the request of the holder of any Floating Rate Note, provide the interest rate then in effect and the interest rate which will become effective as a result of a determination made with respect to the most
recent Interest Determination Date with respect to such Floating Rate Note. The determinations of interest rates made by the Calculation Agent shall, in the absence of manifest error, be conclusive and binding, and neither the Trustee nor the Paying
Agent shall have the duty to verify determinations of interest rates made by the Calculation Agent. The determinations of Accrued Interest Factors made by the Paying Agent shall, in the absence of manifest error, be conclusive and binding. Unless
otherwise specified in the applicable Pricing Supplement, the “Calculation Date”, if applicable, pertaining to any Interest Determination Date on a Floating Rate Note will be the earlier of (i) the tenth calendar day
after such Interest Determination Date, or, if any such day is not a Business Day, the following Business Day, and (ii) the Business Day before the applicable Interest Payment Date, Redemption Date or Maturity Date, as the case may be. 

Unless otherwise specified in the applicable Pricing Supplement, all percentages resulting from any calculation on Floating Rate Notes will be
rounded, if necessary, to the nearest one hundred-thousandth of one percentage point, with five one-millionths of one percentage point rounded upward (e.g., 9.876545% (or .09876545) will be rounded to 9.87655% (or .0987655) and 9.876544% (or
..09876544) will be rounded to 9.87654% (or .0987654)); all calculations of the Accrued Interest Factor for any day on Floating Rate Notes will be rounded, if necessary, to the nearest one hundred-millionth, with five one-billionths rounded upward
(e.g. .098765455 will be rounded to .09876546 and .098765454 will be rounded to .09876545); and all dollar amounts used in or resulting from such calculations on Floating Rate Notes will be rounded to the nearest cent (with one-half cent being
rounded upward). 
 Commercial Paper Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is
the Commercial Paper Rate, such Floating Rate Note shall be a “Commercial Paper Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date
relating to such Interest Period shall be the Commercial Paper Rate as adjusted by the Spread and/or Spread Multiplier, if any, specified in the Commercial Paper Rate Note and in the applicable Pricing Supplement. Commercial Paper Rate Notes will be
subject to the Minimum Interest Rate and Maximum Interest Rate, if any. 
 Unless otherwise specified in the applicable Pricing Supplement,
“Commercial Paper Rate” means, with respect to any Commercial Paper Rate Interest Determination Date, the Money Market Yield (calculated as described below) of the rate on that date for commercial paper having the Index
Maturity specified in the applicable Pricing Supplement as published in “Statistical Release H.15(519), Selected Interest Rates” or any successor publication of the Board of Governors of the Federal Reserve System
(“H.15 (519)”) under the heading “Commercial Paper — Nonfinancial.” 
 Unless the
applicable Pricing Supplement specifies otherwise, the following procedures will be followed if the Commercial Paper Rate cannot be determined as described above: (I) If the rate is not published by 3:00 p.m., New York City time, on the
Calculation Date 

  
 - 7 - 

 
relating to the Commercial Paper Rate Interest Determination Date, then the Commercial Paper Rate will be the Money Market Yield of the rate on the Commercial Paper Rate Interest Determination
Date for commercial paper having the Index Maturity specified in the applicable Pricing Supplement as set forth in the daily update of H.15(519), available through the worldwide website of the Board of Governors of the Federal Reserve System at
http://www.federalreserve.gov/releases/h15/update, or any successor site or publication (the “H.15 Daily Update”) under the heading “Commercial Paper — Nonfinancial;” (II) If by 3:00 p.m., New
York City time, on the Calculation Date the rate is not published in either H.15(519) or the H.15 Daily Update, then the Calculation Agent shall determine the Commercial Paper Rate to be the Money Market Yield of the arithmetic mean of the offered
rates as of 11:00 a.m., New York City time, on the Commercial Paper Rate Interest Determination Date, of three leading dealers of commercial paper in New York City selected by the Calculation Agent, after consultation with the Company, for
commercial paper having the Index Maturity specified in the applicable Pricing Supplement placed for an industrial issuer whose bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating agency; provided,
however, that if the dealers selected by the Calculation Agent are not quoting as described above in this sentence, the Commercial Paper Rate in effect immediately before the Commercial Paper Rate Interest Determination Date will not change and
will remain the Commercial Paper Rate in effect on such Commercial Paper Rate Interest Determination Date. 
 “Money Market
Yield” shall be a yield calculated in accordance with the following formula: 
  

			
	Money Market Yield =	 	      D x 360      x 100
		 	360 - (D x M)

 where “D” refers to the applicable per annum rate for commercial paper, quoted on a bank discount basis and
expressed as a decimal, and “M” refers to the actual number of days in the Interest Period for which the interest is being calculated. 

Federal Funds Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the Federal Funds Rate,
such Floating Rate Note shall be a “Federal Funds Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period
shall be the Federal Funds Rate as adjusted by the Spread and/or Spread Multiplier, if any, specified in the Federal Funds Rate Note and in the applicable Pricing Supplement. Federal Funds Rate Notes will be subject to the Minimum Interest Rate and
Maximum Interest Rate, if any. The Federal Funds Rate will be calculated by reference to either the Federal Funds (Effective) Rate, the Federal Funds Open Rate or the Federal Funds Target Rate, as specified in the Federal Funds Rate Note and in the
applicable Pricing Supplement. 

  
 - 8 - 

 Unless otherwise specified in the applicable Pricing Supplement, “Federal Funds
Rate” means the rate determined by the Calculation Agent, with respect to any Federal Funds Rate Interest Determination Date, in accordance with the following provisions: 

(I) If “Federal Funds (Effective) Rate” is the specified Federal Funds Rate in the applicable Pricing Supplement, the
Federal Funds Rate as of the applicable Federal Funds Rate Interest Determination Date shall be the rate with respect to such date for United States dollar federal funds as published in H.15(519) opposite the caption “Federal Funds
(Effective),” as such rate is displayed on Reuters on page FEDFUNDS1 (or any other page as may replace such page on such service) (“Reuters Page FEDFUNDS1”) under the heading “EFFECT,” or,
if such rate is not so published by 3:00 p.m., New York City time, on the Calculation Date, the rate with respect to such Federal Funds Rate Interest Determination Date for United States dollar federal funds as published in H.15 Daily Update, or
such other recognized electronic source used for the purpose of displaying such rate, under the caption “Federal funds (effective).” If such rate does not appear on Reuters Page FEDFUNDS1 or is not yet published in
H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 p.m., New York City time, on the related Calculation Date, then the Federal Funds Rate with respect to such Federal Funds Rate Interest Determination Date shall be
calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight United States dollar federal funds arranged by three leading brokers of U.S. dollar federal funds transactions in New York City
(which may include the Agents or their affiliates) selected by the Calculation Agent, prior to 9:00 a.m., New York City time, on the Business Day following such Federal Funds Rate Interest Determination Date; provided, however, that if the
brokers so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate determined as of such Federal Funds Rate Interest Determination Date will be the Federal Funds Rate in effect on such Federal Funds
Rate Interest Determination Date without giving effect to any resetting of the Federal Funds Rate on such Federal Funds Rate Interest Determination Date. 

(II) If “Federal Funds Open Rate” is the specified Federal Funds Rate in the applicable Pricing Supplement, the
Federal Funds Rate as of the applicable Federal Funds Rate Interest Determination Date shall be the rate on such date under the heading “Federal Funds” for the relevant Index Maturity and opposite the caption
“Open” as such rate is displayed on Reuters on page 5 (or any other page as may replace such page on such service) (“Reuters Page 5”), or, if such rate does not appear on Reuters Page 5 by 3:00 p.m.,
New York City time, on the Calculation Date, the Federal Funds Rate for the Federal Funds Rate Interest Determination Date will be the rate for that day displayed on FFPREBON Index page on Bloomberg L.P. (“Bloomberg”), which
is the Fed Funds Opening Rate as reported by Prebon Yamane (or a successor) on Bloomberg. If such rate does not appear on Reuters Page 5 or is not displayed on FFPREBON Index page on Bloomberg or another recognized electronic source by 3:00 p.m.,
New York City time, on the related Calculation Date, then the Federal Funds Rate on such Federal Funds Rate Interest Determination Date shall be calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last
transaction in overnight United States dollar federal funds arranged by three leading brokers of United States dollar federal funds transactions in New York City (which may include the Agents or their affiliates) selected by the Calculation Agent
prior to 9:00 a.m., New York City time, on such Federal Funds Rate Interest Determination Date; provided, however, that if the brokers so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate
determined as of such Federal Funds Rate Interest Determination Date will be the Federal Funds Rate in effect on such Federal Funds Rate Interest Determination Date without giving effect to any resetting of the Federal Funds Rate on such Federal
Funds Rate Interest Determination Date. 

  
 - 9 - 

 (III) If “Federal Funds Target Rate” is the specified Federal Funds Rate
in the applicable Pricing Supplement, the Federal Funds Rate as of the applicable Federal Funds Rate Interest Determination Date shall be the rate on such date as displayed on the FDTR Index page on Bloomberg. If such rate does not appear on the
FDTR Index page on Bloomberg by 3:00 p.m., New York City time, on the Calculation Date, the Federal Funds Rate for such Federal Funds Rate Interest Determination Date will be the rate for that day appearing on Reuters Page USFFTARGET= (or any other
page as may replace such page on such service) (“Reuters Page USFFTARGET=”). If such rate does not appear on the FDTR Index page on Bloomberg or is not displayed on Reuters Page USFFTARGET= by 3:00 p.m., New York City time,
on the related Calculation Date, then the Federal Funds Rate on such Federal Funds Rate Interest Determination Date shall be calculated by the Calculation Agent and will be the arithmetic mean of the rates for the last transaction in overnight
United States dollar federal funds arranged by three leading brokers of United States dollar federal funds transactions in New York City (which may include the Agents or their affiliates) selected by the Calculation Agent prior to 9:00 a.m., New
York City time, on such Federal Funds Rate Interest Determination Date; provided, however, that if the brokers so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Federal Funds Rate determined as of such
Federal Funds Rate Interest Determination Date will be the Federal Funds Rate in effect on such Federal Funds Rate Interest Determination Date without giving effect to any resetting of the Federal Funds Rate on such Federal Funds Rate Interest
Determination Date. 
 LIBOR. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is LIBOR, such
Floating Rate Note shall be a “LIBOR Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be LIBOR as
adjusted by the Spread and/or the Spread Multiplier, if any, specified in the LIBOR Note and in the applicable Pricing Supplement. LIBOR Notes will be subject to the Minimum Interest Rate and Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, LIBOR will be determined by the Calculation Agent for each LIBOR Interest
Determination Date in accordance with the following provisions: 
 (I) With respect to a LIBOR Interest Determination Date, LIBOR will be
the rate for deposits in the Designated LIBOR Currency having the Index Maturity specified in the applicable Pricing Supplement as such rate is displayed on Reuters on page LIBOR01 (or any other page as may replace such page on such service for the
purpose of displaying the London interbank rates of major banks for the Designated LIBOR Currency) (“Reuters Page LIBOR01”) as of 11:00 a.m., London time, on such LIBOR Interest Determination Date. If no such rate so appears,
LIBOR on such LIBOR Interest Determination Date will be determined in accordance with the provisions described in clause (II) below. 
 (II)
With respect to a LIBOR Interest Determination Date on which no rate is displayed on Reuters Page LIBOR01 as specified in clause (I) above, the Calculation Agent shall request the principal London offices of each of four major reference banks
(which may include affiliates of the Agents) in the London interbank market, as selected by the Calculation Agent to provide the Calculation Agent with its offered quotation for deposits in the Designated LIBOR Currency for the period of the Index
Maturity specified in the applicable Pricing Supplement, commencing on the related Interest Reset Date, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on such LIBOR Interest Determination Date and in a

  
 - 10 - 

 
principal amount that is representative for a single transaction in the Designated LIBOR Currency in such market at such time. If at least two such quotations are so provided, then LIBOR on such
LIBOR Interest Determination Date will be the arithmetic mean calculated by the Calculation Agent of such quotations. If fewer than two such quotations are so provided, then LIBOR on such LIBOR Interest Determination Date will be the arithmetic mean
calculated by the Calculation Agent of the rates quoted at approximately 11:00 a.m., in the applicable Principal Financial Center (as defined below), on such LIBOR Interest Determination Date by three major banks (which may include affiliates of the
Agents) in such Principal Financial Center selected by the Calculation Agent for loans in the Designated LIBOR Currency to leading European banks, having the Index Maturity specified in the applicable Pricing Supplement and in a principal amount
that is representative for a single transaction in the Designated LIBOR Currency in such market at such time; provided, however, that if the banks so selected by the Calculation Agent are not quoting as mentioned in this sentence, LIBOR
determined as of such LIBOR Interest Determination Date shall be LIBOR in effect on such LIBOR Interest Determination Date. 
 As referenced
above, “Designated LIBOR Currency” means the currency specified in the applicable Pricing Supplement as to which LIBOR shall be calculated or, if no such Designated LIBOR Currency is specified in the applicable Pricing
Supplement, U.S. dollars. As used in the above provisions regarding determining LIBOR, “Principal Financial Center” means (i) the capital city of the country issuing the specified currency or (ii) the capital city
of the country to which the Designated LIBOR Currency, if applicable, relates, except, in each case, that with respect to United States dollars, Australian dollars, Canadian dollars, euro, New Zealand dollars, South African rand and Swiss francs,
the “Principal Financial Center” shall be New York City, Sydney, Toronto, London (solely in the case of the Designated LIBOR Currency), Wellington, Johannesburg and Zurich, respectively. 

EURIBOR Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is EURIBOR, such Floating Rate
Note shall be a “EURIBOR Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the EURIBOR Rate as
adjusted by the Spread and/or Spread Multiplier, if any, specified in the EURIBOR Note and in the applicable Pricing Supplement. EURIBOR Notes will be subject to the Minimum Interest Rate and Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, EURIBOR means with respect to any EURIBOR Interest Determination Date, a base
rate equal to the interest rate for deposits in euro designated as “EURIBOR” and sponsored jointly by the European Banking Federation and ACI — the Financial Market Association, or any company established by the joint
sponsors for purposes of compiling and publishing that rate. EURIBOR will be determined in the following manner: 
 (I) EURIBOR will be the
offered rate for deposits in euro having the Index Maturity specified in the applicable Pricing Supplement, beginning on the second euro Business Day after such EURIBOR Interest Determination Date, as that rate appears on Reuters Page EURIBOR 01 as
of 11:00 a.m., Brussels time, on such EURIBOR Interest Determination Date. 

  
 - 11 - 

 (II) If the rate described above does not appear on Reuters Page EURIBOR 01, EURIBOR will be
determined on the basis of the rates, at approximately 11:00 a.m., Brussels time, on such EURIBOR Interest Determination Date, at which deposits of the following kind are offered to prime banks in the euro-zone interbank market by the principal
euro-zone office of each of four major banks in that market selected by the Calculation Agent: euro deposits having such EURIBOR Index Maturity, beginning on such EURIBOR Interest Reset Date, and in a representative amount. The Calculation Agent
will request that the principal euro-zone office of each of these banks provide a quotation of its rate. If at least two quotations are provided, EURIBOR for such EURIBOR Interest Determination Date will be the arithmetic mean of the quotations.

 (III) If fewer than two quotations are provided as described above, EURIBOR for such EURIBOR Interest Determination Date will be the
arithmetic mean of the rates for loans of the following kind to leading euro-zone banks quoted, at approximately 11:00 a.m., Brussels time on that EURIBOR Interest Determination Date, by three major banks in the euro-zone selected by the Calculation
Agent: loans of euro having such EURIBOR Index Maturity, beginning on such EURIBOR Interest Reset Date, and in an amount that is representative of a single transaction in euro in that market at the time. 

(IV) If fewer than three banks selected by the Calculation Agent are quoting as described above, EURIBOR for the new Interest Period will be
EURIBOR in effect for the prior Interest Period. If the initial Base Rate has been in effect for the prior Interest Period, however, it will remain in effect for the new Interest Period. 

Prime Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the Prime Rate, such Floating
Rate Note shall be a “Prime Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the Prime Rate as
adjusted by the Spread and/or Spread Multiplier, if any, specified in the Prime Rate Note and in the applicable Pricing Supplement. Prime Rate Notes will be subject to the Minimum Interest Rate and Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, “Prime Rate” means, with respect to any Prime Rate
Interest Determination Date, the rate on such date as such rate is published in H.15(519) under the caption “Bank prime loan” or, if not published by 3:00 p.m., New York City time, on the related Calculation Date, the rate on
such Prime Rate Interest Determination Date as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption “Bank prime loan.” If such rate is not
yet published in H.15(519), H.15 Daily Update, or another recognized electronic source by 3:00 p.m., New York City time, on the related Calculation Date, then the Prime Rate shall be the arithmetic mean calculated by the Calculation Agent of the
rates of interest publicly announced by each bank that appears on Reuters on page USPRIME1 (or any other page as may replace such page on such service for the purpose of displaying prime rates or base lending rates of major United States banks)
(“Reuters Page USPRIME1”) as such bank’s prime rate or base lending rate as of 11:00 a.m., New York City time, on such Prime Rate Interest Determination Date. If fewer than four such rates so appear on the Reuters Page
USPRIME1 for such Prime Rate Interest Determination Date by 3:00 p.m., New York City time, on the related Calculation 

  
 - 12 - 

 
Date, then the Prime Rate shall be the arithmetic mean calculated by the Calculation Agent of the prime rates or base lending rates quoted on the basis of the actual number of days in the year
divided by a 360-day year as of the close of business on such Prime Rate Interest Determination Date by three major banks (which may include affiliates of the Agents) in New York City selected by the Calculation Agent; provided, however, that
if the banks so selected by the Calculation Agent are not quoting as mentioned in this sentence, the Prime Rate determined as of such Prime Rate Interest Determination Date will be the Prime Rate in effect on such Prime Rate Interest Determination
Date. 
 “Reuters Page USPRIME1” means the display on the Reuters EIKON Service (or any successor service) on the
“USPRIME1 Page” (or such other page as may replace the USPRIME1 Page on such service) for the purpose of displaying prime rates or base lending rates of major U.S. banks. 

CD Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the CD Rate, such Floating Rate
Note shall be a “CD Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the CD Rate as adjusted
by the Spread and/or the Spread Multiplier, specified in the CD Rate Note and in the applicable Pricing Supplement. CD Rate Notes will be subject to the Minimum Interest Rate and Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, “CD Rate” means, with respect to any CD Rate Interest
Determination Date, the rate on that date for negotiable U.S. dollar certificates of deposit having the Index Maturity specified in the applicable Pricing Supplement as published in H.15(519), under the heading “CDs (Secondary
Market).” If the CD Rate cannot be determined in this manner, the following procedures will apply: 
 (I) If the rate described
above is not published by 3:00 p.m., New York City time, on the relevant Calculation Date, then the CD Rate will be the rate on that CD Rate Interest Determination Date for negotiable U.S. dollar certificates of deposit having the specified Index
Maturity as published in H.15 Daily Update, or other recognized electronic sources used for the purpose of displaying the applicable rate, under the caption “CDs (Secondary Market).” 

(II) If by 3:00 p.m., New York City time, on the applicable Calculation Date, that rate is not published in either H.15(519), H.15 Daily
Update or another recognized electronic source, the CD Rate for that CD Rate Interest Determination Date will be calculated by the Calculation Agent and will be the arithmetic mean of the secondary market offered rates as of 10:00 a.m., New York
City time, on that CD Rate Interest Determination Date, of three leading non-bank dealers in negotiable U.S. dollar certificates of deposit in New York City, which may include one or more of the Agents or their affiliates, selected by the
Calculation Agent, after consultation with the Company, for negotiable U.S. dollar certificates of deposit of major U.S. money market banks for negotiable certificates of deposit with a remaining maturity closest to the Index Maturity specified in
the applicable Pricing Supplement in an amount that is representative for a single transaction in that market at that time. 

  
 - 13 - 

 (III) If the dealer(s) selected as described above by the Calculation Agent are not quoting rates
as set forth above, the CD Rate for that CD interest rate determination date will be the CD Rate in effect for the immediately preceding interest reset period, or if there was no interest reset period, then the rate of interest payable will be the
Initial Interest Rate. 
 Treasury Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is
the Treasury Rate, such Floating Rate Note shall be a “Treasury Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such
Interest Period shall be the Treasury Rate as adjusted by the Spread and/or the Spread Multiplier, if any, specified in the Treasury Rate Note and in the applicable Pricing Supplement. Treasury Rate Notes will be subject to the Minimum Interest Rate
and Maximum Interest Rate, if any. 
 Unless otherwise specified in the applicable Pricing Supplement, “Treasury
Rate” means, with respect to any Treasury Rate Interest Determination Date, the rate from the auction held on such Treasury Rate Interest Determination Date (the “Auction”) of direct obligations of the United
States (“Treasury Bills”) having the Index Maturity specified in the applicable Pricing Supplement under the caption “INVEST RATE” on the display on Reuters page USAUCTION10 (or any other page as may
replace such page on such service) or page USAUCTION11 (or any other page as may replace such page on such service) or, if not so published at 3:00 p.m., New York City time, on the related Calculation Date, the Bond Equivalent Yield (as defined
below) of the rate for such Treasury Bills as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate, under the caption “U.S. Government Securities/Treasury Bills/Auction
High.” If such rate is not so published in the related H.15 Daily Update or another recognized source by 3:00 p.m., New York City time, on the related Calculation Date, the Treasury Rate on such Treasury Rate Interest Determination Date
shall be the Bond Equivalent Yield of the Auction rate of such Treasury Bills as announced by the United States Department of the Treasury. In the event that such Auction rate is not so announced by the United States Department of the Treasury on
such Calculation Date, or if no such Auction is held, then the Treasury Rate on such Treasury Rate Interest Determination Date shall be the Bond Equivalent Yield of the rate on such Treasury Rate Interest Determination Date of Treasury Bills having
the Index Maturity specified in the applicable Pricing Supplement as published in H.15(519) under the caption “U.S. government securities/treasury bills/secondary market” or, if not yet published by 3:00 p.m., New York City
time, on the related Calculation Date, the rate on such Treasury Rate Interest Determination Date of such Treasury Bills as published in H.15 Daily Update, or such other recognized electronic source used for the purpose of displaying such rate,
under the caption “U.S. government securities/treasury bills (secondary market).” If such rate is not yet published in the H.15(519), H.15 Daily Update or another recognized electronic source by 3:00 p.m., New York City time,
on the related Calculation Date, then the Treasury Rate on such Treasury Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates,
as of approximately 3:30 p.m., New York City time, on such Treasury Rate Interest Determination Date, of the three leading primary United States government securities dealers (which may include the Agents or their affiliates) selected by the
Calculation Agent, for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified in the applicable Pricing Supplement; provided, however, that if the dealers so selected by the Calculation Agent are not
quoting as 

  
 - 14 - 

 
mentioned in this sentence, the Treasury Rate determined as of such Treasury Rate Interest Determination Date will be the Treasury Rate in effect on such Treasury Rate Interest Determination
Date. 
 The “Bond Equivalent Yield” means a yield (expressed as a percentage) calculated in accordance with the
following formula: 
  

			
	Bond Equivalent Yield =	 	     D x N      x 100
		 	360 - (D x M)

 where “D” refers to the applicable per annum rate for Treasury Bills quoted on a bank discount basis and expressed
as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable Interest Reset Period. 

CMT Rate. If the Base Rate specified with respect to any Interest Period for a Floating Rate Note is the CMT Rate, such Floating Rate
Note is a “CMT Rate Note” with respect to such Interest Period and the interest rate with respect to such Floating Rate Note for any Interest Reset Date relating to such Interest Period shall be the CMT Rate as adjusted by
the Spread and/or the Spread Multiplier, if any, specified in the CMT Rate Note and in the applicable Pricing Supplement. CMT Rate Notes will be subject to the Minimum Interest Rate and Maximum Interest Rate, if any. 

Unless otherwise specified in the applicable Pricing Supplement, “CMT Rate” means, with respect to any CMT Rate
Interest Determination Date: 
 (I) If “Reuters Page FRBCMT” is the specified CMT Reuters Page in the applicable
Pricing Supplement, the CMT Rate on the CMT Rate Interest Determination Date shall be a percentage equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified in the
applicable Pricing Supplement as set forth in H.15(519) under the caption “Treasury constant maturities,” as such yield is displayed on Reuters (or any successor service) on page FRBCMT (or any other page as may replace such
page on such service) (“Reuters Page FRBCMT”) for such CMT Rate Interest Determination Date. If such rate does not appear on Reuters Page FRBCMT, the CMT Rate on such CMT Rate Interest Determination Date shall be a percentage
equal to the yield for United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement and for such CMT Rate Interest Determination Date as set forth in
H.15(519) under the caption “Treasury constant maturities.” If such rate does not appear in H.15(519), the CMT Rate on such CMT Rate Interest Determination Date shall be the rate for the period of the Index Maturity specified
in the applicable Pricing Supplement as may then be published by either the Federal Reserve Board or the United States Department of the Treasury that the Calculation Agent determines to be comparable to the rate that would otherwise have been
published in H.15(519). If the Federal Reserve Board or the United States Department of the Treasury does not publish a yield on United States Treasury securities at “constant maturity” having the Index Maturity specified in
the applicable Pricing Supplement for such CMT Rate Interest Determination Date, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be a yield-to-maturity based on the arithmetic mean of
the secondary market bid prices at approximately 3:30 p.m., New York City time, on 

  
 - 15 - 

 
such CMT Rate Interest Determination Date of three leading primary United States government securities dealers in New York City (which may include the Agents or their affiliates) (each, a
“Reference Dealer”) selected by the Calculation Agent from five such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest
quotation (or, in the event of equality, one of the lowest) for United States Treasury securities with an original maturity equal to the Index Maturity specified in the applicable Pricing Supplement, a remaining term to maturity no more than one
year shorter than such Index Maturity and in a principal amount that is representative for a single transaction in such securities in such market at such time. If fewer than three prices are provided as requested, the CMT Rate on such CMT Rate
Interest Determination Date shall be calculated by the Calculation Agent and shall be a yield-to-maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 p.m., New York City time, on such CMT Rate Interest
Determination Date of three Reference Dealers selected by the Calculation Agent from five such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality, one of the highest) and the
lowest quotation (or, in the event of equality, one of the lowest) for United States Treasury securities with an original maturity greater than the Index Maturity specified in the applicable Pricing Supplement, a remaining term to maturity closest
to such Index Maturity and in a principal amount that is representative for a single transaction in such securities in such market at such time. If two such United States Treasury securities with an original maturity greater than the Index Maturity
specified in the applicable Pricing Supplement have remaining terms to maturity equally close to such Index Maturity, the quotes for the treasury security with the shorter original term to maturity will be used. If fewer than five but more than two
such prices are provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be based on the arithmetic mean of the bid prices obtained and neither the highest nor the lowest
of such quotations shall be eliminated; provided, however, that if fewer than three such prices are provided as requested, the CMT Rate determined as of such CMT Rate Interest Determination Date shall be the CMT Rate in effect on such CMT Rate
Interest Determination Date. 
 (II) If “Reuters Page FEDCMT” is the specified CMT Reuters Page in the applicable
Pricing Supplement, the CMT Rate on the CMT Rate Interest Determination Date shall be a percentage equal to the one-week or one-month, as specified in the applicable Pricing Supplement, average yield for United States Treasury securities at
“constant maturity” having the Index Maturity specified in the applicable Pricing Supplement as set forth in H.15(519) opposite the caption “Treasury Constant Maturities,” as such yield is displayed on
Reuters on page FEDCMT (or any other page as may replace such page on such service) (“Reuters Page FEDCMT”) for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which such CMT
Rate Interest Determination Date falls. If such rate does not appear on Reuters Page FEDCMT, the CMT Rate on such CMT Rate Interest Determination Date shall be a percentage equal to the one-week or one-month, as specified in the applicable Pricing
Supplement, average yield for United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement for the week or month, as applicable, preceding such CMT Rate
Interest Determination Date as set forth in H.15(519) opposite the caption “Treasury Constant Maturities.” If such rate does not appear in H.15(519), the CMT Rate on such CMT Rate Interest Determination Date shall be the
one-week or one-month, as specified in the applicable Pricing Supplement, average yield for United States 

  
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Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement as otherwise announced by the Federal Reserve Bank of
New York for the week or month, as applicable, ended immediately preceding the week or month, as applicable, in which such CMT Rate Interest Determination Date falls. If the Federal Reserve Bank of New York does not publish a one-week or one-month,
as specified in the applicable Pricing Supplement, average yield on United States Treasury securities at “constant maturity” having the Index Maturity specified in the applicable Pricing Supplement for the applicable week or
month, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be a yield-to-maturity based on the arithmetic mean of the secondary market bid prices at approximately 3:30 p.m., New York City
time, on such CMT Rate Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality,
one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) for United States Treasury securities with an original maturity equal to the Index Maturity specified in the applicable Pricing Supplement, a remaining
term to maturity of no more than one year shorter than such Index Maturity and in a principal amount that is representative for a single transaction in such securities in such market at such time. If fewer than five but more than two such prices are
provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be the rate on the CMT Rate Interest Determination Date calculated by the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither
the highest nor the lowest of such quotation shall be eliminated. If fewer than three prices are provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall be calculated by the Calculation Agent and shall be a
yield-to-maturity based on the arithmetic mean of the secondary market bid prices as of approximately 3:30 p.m., New York City time, on such CMT Rate Interest Determination Date of three Reference Dealers selected by the Calculation Agent from five
such Reference Dealers selected by the Calculation Agent and eliminating the highest quotation (or, in the event of equality, one of the highest) and the lowest quotation (or, in the event of equality, one of the lowest) for United States Treasury
securities with an original maturity longer than the Index Maturity specified in the applicable Pricing Supplement, a remaining term to maturity closest to such Index Maturity and in a principal amount that is representative for a single transaction
in such securities in such market at such time. If two United States Treasury securities with an original maturity greater than the Index Maturity specified in the applicable Pricing Supplement have remaining terms to maturity equally close to such
Index Maturity, the quotes for the Treasury security with the shorter original term to maturity will be used. If fewer than five but more than two such prices are provided as requested, the CMT Rate on such CMT Rate Interest Determination Date shall
be the rate on the CMT Rate Interest Determination Date calculated by the Calculation Agent based on the arithmetic mean of the bid prices obtained and neither the highest nor lowest of such quotations shall be eliminated; provided, however,
that if fewer than three such prices are provided as requested, the CMT Rate determined as of such CMT Rate determination date shall be the CMT Rate in effect on such CMT Rate Interest Determination Date. 

Zero Coupon Notes. 
 The specific terms of
any Zero Coupon Notes will be set forth in the applicable Pricing Supplement. 

  
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 (6) Unless otherwise specified in the applicable Pricing Supplement, principal of (and premium,
if any) and interest (if any) on the Notes will be payable, and, except as described in the Prospectus Supplement, dated August 4, 2014 , relating to the issuance of the Notes, and the Administrative Procedures attached hereto as Exhibit F with
respect to any Global Security (as defined below) representing Book-Entry Notes (as defined below), the transfer of the Notes will be registrable and Notes will be exchangeable for Notes bearing identical terms and provisions at the corporate trust
office of U.S. Bank National Association (the “Paying Agent,” unless another Paying Agent is specified in an applicable Pricing Supplement), in New York, New York, provided that payments of principal and any premium and
interest with respect to any Registered Note may be made at the option of the Company by check mailed to the address of the person or entity entitled thereto as it appears on the security register of the Company, except that holders of $10,000,000
or more in aggregate principal amount of similar Notes shall be entitled to receive payments by wire transfer of immediately available funds, if appropriate wire transfer instructions have been given to the Trustee or Paying Agent in writing not
later than ten Business Days prior to the applicable Interest Payment Date. Unless otherwise specified in the applicable Pricing Supplement, U.S. Bank National Association will be the “Security Registrar” with respect to the
Notes. The Paying Agent or Security Registrar may be terminated or resign from its role as such with respect to the Notes as long as another agent is in place to serve in such role. 

(7) If so specified in the applicable Pricing Supplement, the Notes will be redeemable at the option of the Company on the date or dates prior
to maturity specified in the applicable Pricing Supplement at the price or prices specified in the applicable Pricing Supplement. Unless otherwise specified in such Pricing Supplement, in the case of Notes other than Zero Coupon Notes or certain
interest bearing notes issued as Original Issue Discount Notes, the redemption price will be expressed as a specified percentage of the principal amount of such Note, together with accrued interest, if any, to the date of redemption stated in the
applicable Pricing Supplement. Unless otherwise specified in the applicable Pricing Supplement, in the case of Zero Coupon Notes or certain interest bearing Notes issued as Original Issue Discount Notes (as specified in the applicable Pricing
Supplement), the redemption price will be a specified percentage of the Amortized Face Amount (as defined below) of such Note (as described in paragraph (13) below), together with accrued interest, if any, to the date of redemption (or, in the
case of any interest bearing Note issued as an Original Issue Discount Note, any accrued but unpaid “qualified stated interest” payments (as specified in Paragraph (13) below). Unless otherwise specified in the
applicable Pricing Supplement, the Company may redeem any of the Notes which are redeemable and remain outstanding either in whole or from time to time in part upon the terms and conditions set forth in Article Ten of the Indenture. 

(8) Unless otherwise specified in the applicable Pricing Supplement, the Company shall not be obligated to redeem or purchase any Notes of
such series pursuant to any sinking fund or analogous provisions or at the option of any Holder. 
 (9) Unless otherwise specified in the
applicable Pricing Supplement, the Notes may be issued only in fully registered form. Unless otherwise specified in the applicable Pricing Supplement, the authorized denomination of the Notes of such series other than Foreign Currency Notes (as
defined below), shall be $1,000 or any amount in excess of $1,000 which is an integral multiple of $1,000. Foreign Currency Notes will be issued in the denominations specified in the applicable Pricing Supplement. 

  
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 (10) The Notes may be denominated, and payments of principal of and interest on the Notes will be
made, in United States dollars or in such foreign currencies or foreign currency units as may be specified in the applicable Pricing Supplement (each such specified foreign currency, a “Specified Currency”). In the case of a
Note having a Specified Currency (a “Foreign Currency Note”), the Company will (unless otherwise specified in the applicable Pricing Supplement) arrange to convert all payments in respect of such Foreign Currency Note into
U.S. dollars. The amount of any U.S. dollar payment in respect of a Foreign Currency Note will be based on the bid quoted by the exchange rate agent for the purchase of U.S. dollars with the Specified Currency for settlement on the payment date and
on the aggregate amount of the Specified Currency payable to all Holders of the Foreign Currency Notes who are scheduled to receive such payments. The bid quotation will be as of 11:00 a.m., London time, on the second day preceding the applicable
payment date on which banks are open for business in London and New York City. If this bid quotation is not available, such exchange rate agent will obtain a bid quotation from a leading foreign exchange bank in London or New York City selected by
such exchange rate agent for this purchase. If these bids are not available, payment of the aggregate amount due to all Holders of Foreign Currency Notes on the payment date will be made in the Specified Currency. All currency exchange costs will be
borne by the Holder of the Note by deductions from such payments due such Holder. If so indicated in a Foreign Currency Note and the applicable Pricing Supplement, the Holder thereof may elect to receive all payments in respect of such Note in the
Specified Currency by delivery of a written notice to the applicable Paying Agent not later than 15 calendar days prior to the applicable payment date, and such election shall remain in effect until revoked by written notice to such Paying Agent
received not later than 15 calendar days prior to the applicable payment date. 
 (11) Except as otherwise described in Paragraph
(5) above and Paragraph (13) below, the amount of payments of principal of and any premium or interest on the Notes will not be determined with reference to an index. 

(12) Unless otherwise specified in the applicable Pricing Supplement, the Events of Default with respect to the Notes are those specified in
Section 4.01 of the Indenture. 
 (13) The portion of the principal amount of the Notes, other than Original Issue Discount Notes
(including any Zero Coupon Notes), which shall be payable upon declaration of acceleration of maturity thereof shall not be other than the principal amount thereof. Unless otherwise specified in the applicable Pricing Supplement, the portion of the
principal amount of Zero Coupon Notes and certain interest bearing Notes issued as Original Issue Discount Notes (as specified in the applicable Pricing Supplement) upon any acceleration of the maturity thereof will be the Amortized Face Amount and
in the case of an interest-bearing note issued as an Original Issue Discount Note, any accrued but unpaid qualified stated interest payments. Unless otherwise specified in the applicable Pricing Supplement, the amount payable to the holder of such
Original Issue Discount Note upon any redemption thereof will be the applicable specified percentage of the Amortized Face Amount thereof specified in the applicable Pricing Supplement, and in the case of any interest bearing Note issued as an
Original Issue Discount Note, any accrued but unpaid “qualified stated interest” payments (as defined in the Treasury 

  
 - 19 - 

 
Regulations regarding original issue discount issued by the Treasury Department (the “Regulations”)). The “Amortized Face Amount” of an Original
Issue Discount Note is equal to the sum of (i) the Issue Price (as defined below) of such Original Issue Discount Note and (ii) that portion of the difference between the Issue Price and the principal amount of such original Issue Discount
Note that has been amortized at the Stated Yield (as defined below) of such Original Issue Discount Note (computed in accordance with Section 1272(a)(4) of the Internal Revenue Code of 1986, as amended, and Section 1.1275-1(b) of the
Regulations, in each case as in effect on the issue date of such Original Issue Discount Note) at the date as of which the Amortized Face Amount is calculated. In no event can the Amortized Face Amount exceed the principal amount of such Note due at
the stated maturity thereof. As used in the preceding sentence, the term “Issue Price” means the principal amount of such Original Issue Discount Note due at the stated maturity thereof less the “Original Issue
Discount” of such Original Issue Discount Note specified on the face thereof and in the applicable Pricing Supplement. The term “Stated Yield” of such Original Issue Discount Note means the “Yield to
Maturity” specified on the face of such Original Issue Discount Note and in the applicable Pricing Supplement for the period from the Original Issue Date of such Original Issue Discount Note, as specified on the face of such Original
Issue Discount Note and in the applicable Pricing Supplement, to the stated maturity thereof based on its Issue Price and stated redemption price at maturity thereof. 

(14) Each Note will be represented by either a master global note or a global note in fully registered form (each a “Global
Note”) registered in the name of a nominee of the Depositary (each such Note represented by a Global Note being herein referred to as a “Book-Entry Note”) or a certificate issued in definitive registered form,
without coupons (a “Certificated Note”), as set forth in the applicable Pricing Supplement. Unless otherwise specified in the applicable Pricing Supplement, The Depository Trust Company will act as Depositary. Except as
provided in Section 2.06 of the Indenture or in the applicable Note, Book-Entry Notes will not be issuable in certificated form and will not be exchangeable or transferable. So long as the Depositary or its nominee is the registered holder of
any Global Note, the Depositary or its nominee, as the case may be, will be considered the sole Holder of the Book-Entry Note or Notes represented by such Global Note for all purposes under the Indenture and the Notes. 

(15) Subject to the terms of the Indenture and the resolutions and authorization referred to in the first paragraph hereof, each Note shall
have such other terms (which may be in addition to or different from the terms set forth herein and which may differ from the terms of other Notes) as are specified in the applicable Pricing Supplement. 

(16) Section 13.05 of the Indenture shall apply to the Notes. 

B. Establishment of Note Forms pursuant to Section 2.01 of Indenture. 

It is hereby established pursuant to Section 2.01 of the Indenture that the Global Securities representing Book-Entry Notes shall be
substantially in the forms attached as Exhibits A, B, C, D and E hereto, unless a different form is provided in the applicable Pricing Supplement or otherwise approved by an Authorized Officer. 

  
 - 20 - 

 C. Establishment of Procedures for Authentication of Notes Pursuant to Section 2.04 of
Indenture. 
 It is hereby ordered pursuant to Section 2.04 of the Indenture that Notes may be authenticated by the Trustee and
issued in accordance with the Administrative Procedures attached hereto as Exhibit F and upon receipt by the Trustee (including by facsimile) of a Pricing Supplement (a “Pricing Supplement”) to this Officers’ Certificate
and Company Order, setting forth the information specified or contemplated therein for the particular Notes to be authenticated and issued, in substantially the form attached as Exhibit G hereto or in such other form as may be approved by an
Authorized Officer, such approval being conclusively evidenced by the Authorized Officer’s execution or approval for filing with the Commission of the same or the Authorized Officer’s instruction to the Trustee to authenticate Notes having
the terms specified in the same. If such Pricing Supplement is executed, at least one officer signing such Pricing Supplement shall be an Authorized Officer as defined in the resolutions referred to in the first paragraph hereof. If such Pricing
Supplement is not executed, Notes may be authenticated by the Trustee and issued in accordance with the Administrative Procedures upon the telephonic, electronic or written order of an Authorized Officer. 

D. Other Matters. 

Attached as Exhibit H hereto are true and correct copy of resolutions duly adopted by the Board of Directors of the Company on April 22,
2008, August 24, 2010, June 21, 2011, April 24, 2012 and June 24, 2014; such resolutions have not been further amended, modified or rescinded and remain in full force and effect; and such resolutions are the only
resolutions adopted by the Company’s Board of Directors or by any Authorized Officers relating to the offering and sale of the Notes. 

[THE REMAINDER OF THIS PAGE IS LEFT INTENTIONALLY BLANK] 

  
 - 21 - 

 The undersigned have read the sections of the Indenture, including the related definitions
contained therein, related to the establishment of (i) a series of Securities, (ii) the forms of such Securities and (iii) the procedures for authentication of such series of Securities. The undersigned have examined the resolutions
adopted by the Board of Directors of the Company. In the opinion of the undersigned, the undersigned have made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as to whether or not the
covenants or conditions precedent to the establishment of (i) a series of Securities, (ii) the forms of such Securities and (iii) the procedures for authentication of such series of Securities, contained in the Indenture have been
complied with. In the opinion of the undersigned, such covenants and conditions have been complied with. 
 Dated: August 4, 2014 

 

			
	BB&T CORPORATION
		
	By	 	 /s/ Daryl N. Bible

	Name:	 	Daryl N. Bible
	Title:	 	Senior Executive Vice President and
		 	Chief Financial Officer
		
	By	 	 /s/ Hal S. Johnson

	Name:	 	Hal S. Johnson
	Title:	 	Executive Vice President and Treasurer

  
 Signature Page to
Officers’ Certificate and Company Order (Senior) 

 EXHIBIT A – GLOBAL FIXED RATE NOTE 

[see attached] 

 EXHIBIT B – GLOBAL FLOATING RATE NOTE 

[see attached] 

 EXHIBIT C – GLOBAL ORIGINAL ISSUE DISCOUNT ZERO COUPON NOTE 

[see attached] 

 EXHIBIT D – GLOBAL ORIGINAL ISSUE DISCOUNT FIXED RATE NOTE 

[see attached] 

 EXHIBIT E – MASTER GLOBAL NOTE 

[see attached] 

 EXHIBIT F – ADMINISTRATIVE PROCEDURES 

[see attached] 

 EXHIBIT G – PRICING SUPPLEMENT 

[see attached] 

 EXHIBIT H – BOARD RESOLUTIONS 

[see attached]

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