Document:

Exhibit 10.3

  

   

    

  
    
      EXECUTION VERSION

    

    

    

    COMMITMENT INCREASE SUPPLEMENT TO CREDIT AGREEMENT

    

    

    This Commitment Increase Supplement to Credit Agreement, dated as of April 1, 2020 (this “Supplement”), is entered into by and among BECTON, DICKINSON AND COMPANY, a New Jersey corporation (the “Borrower”), CITIBANK, N.A., as
      Administrative Agent, each Issuing Bank and the Increasing Lenders signatory hereto, and supplements that certain Credit Agreement, dated as of May 12, 2017 (as amended by that certain First Amendment to Credit Agreement, dated as of December 6,
      2017, that certain Second Amendment to Credit Agreement, dated as of December 18, 2018, and as further amended, supplemented or otherwise modified prior to the date hereof, the “Existing
          Credit Agreement”, as supplemented by this Supplement and as further amended, restated, modified or supplemented from time to time, the “Credit Agreement”),
      among the Borrower, the banks and issuers of letters of credit party thereto and the Administrative Agent.  Terms used but not defined herein shall have the respective meanings ascribed thereto in the Existing Credit Agreement.

    

    

    In accordance with Section 2.17 of the Credit Agreement, the Borrower has requested (pursuant to a notice provided by it to the Administrative Agent),
      and the Lenders party hereto (each an “Increasing Lender”) are willing to provide, an increase in the Revolving Credit Commitments in an aggregate principal amount equal to
      $381,120,000 (the “Commitment Increase”) on the terms and conditions set forth herein and in the Existing Credit Agreement.

    

    

    In consideration of the foregoing, the parties hereto hereby agree as follows:

    

    

    ARTICLE I.          Increase in the Revolving Credit Commitments.

    

    

    1.1            Subject to the occurrence of the Increase
        Effective Date (as defined in Article III below), each Increasing Lender hereby agrees, on a several and not joint basis, to make a portion of the Commitment Increase available to the Borrower in the principal amount set forth opposite such
        Increasing Lender’s name under the column headed “Commitment Increase” on Schedule I hereto.

    

    

    1.2          On and following the Increase Effective Date,
        pursuant to Section 2.17 of the Credit Agreement, the Commitment Increase shall (a) constitute a “Commitment Increase” as defined in the Credit Agreement, (b) be added to (and constitute part of) the Revolving Credit Commitments for all purposes
        under the Credit Agreement and the other Loan Documents, and (c) shall be subject to all the terms and conditions applicable to the Revolving Credit Commitments as set forth in the Credit Agreement. As of the Increase Effective Date upon giving
        effect to the Commitment Increase, the Commitments of all the Lenders (including each Increasing Lender) are as set forth on Schedule I hereto.

    

    

    1.3            In accordance with (a) Section 2.17(c) of the
        Credit Agreement, each Increasing Lender shall, on the Increase Effective Date before 2:00 P.M. (New York City time) purchase at par such of the then outstanding Advances of other Lenders as the Administrative Agent shall determine may be necessary
        for each Lender (including each Increasing Lender) to hold its Ratable Share of all the Advances, and (b) Section 2.03(c) of the Credit Agreement, the participation of each Lender (including each Increasing Lender) in each then outstanding Letter
        of Credit shall be adjusted as shall be necessary for each Lender (including each Increasing Lender) to hold its Ratable Share of the Available Amount of each such Letter of Credit, in each case after giving effect to the Commitment Increase on the
        Increase Effective Date.

    

    

    1.4           In accordance with Section 2.17(b) of the Credit
        Agreement, each Issuing Bank hereby approves the Commitment Increase of each Increasing Lender.

     

      

    
      

      
        

      

    

    
    ARTICLE II.  Representations.  The Borrower makes the representations
      and warranties in Article IV of the Existing Credit Agreement and confirms that such representations and warranties are true and correct (a) in the case of the representations and warranties qualified as to materiality, in all respects and (b)
      otherwise, in all material respects, in each case on and as of the date hereof, except in the case of any such representation and warranty that expressly relates to a prior date, in which case such representation and warranty was true and correct on
      and as of such prior date.  Additionally, the Borrower represents and warrants that immediately before and after giving effect to this Supplement on the date hereof, no Default or Event of Default has occurred and is continuing.

    

    

    ARTICLE III.  Conditions to Effectiveness.  This Supplement shall become
      effective as of the date on which the following conditions shall have been satisfied (the “Increase Effective Date”):

    

    

    (a)          The Administrative Agent (or its
        counsel) shall have received on or before the date hereof (each in form and substance reasonably satisfactory to the Administrative Agent):

    

    

    
      
        	

              	(i)	
                counterparts of this Supplement duly executed on behalf of the Borrower, the Administrative Agent, each Issuing Bank and each Increasing Lender;

              

      

    

    

    

    
      
        	

              	(ii)	
                certified copies of resolutions of the Board of Directors of the Borrower or the executive committee of such Board approving the Commitment Increase and this Supplement; and

              

      

    

    

    

    
      
        	

              	(iii)	
                an opinion of counsel for the Borrower (which may be in‐house counsel).

              

      

    

    

    

    (b)             Each of the conditions set
        forth in Section 3.02 of the Existing Credit Agreement shall have been satisfied.

    

    

    (c)           The Borrower shall have paid
        (i) to the Administrative Agent for the account of each Increasing Lender, a commitment fee (in an amount separately agreed by the Borrower and the Administrative Agent) in respect of the Commitment Increase of such Increasing Lender and (ii) all
        invoiced expenses of the Administrative Agent due under Section 8.04 of the Credit Agreement (including with respect to this Supplement).

    

    

    ARTICLE IV.  Amendment.  As of the Increase Effective Date (or such
      later date on which Lenders which, when taken together with Lenders party hereto, constitute the Majority Lenders have also provided their consent thereto), Section 2.17(a) of the Existing Credit Agreement shall be amended by deleting the words: “but
      in any event not more than one time a year”.

    

    

    ARTICLE V.  Miscellaneous.

    

    

    5.1           On and after the date hereof, references to the
        Credit Agreement in the Credit Agreement or in any other Loan Document shall be deemed to be references to the Credit Agreement as supplemented hereby and as further amended, restated, modified or supplemented from time to time.  This Supplement
        shall constitute a Loan Document.

     

      

    
      

      -2-

      
        

      

    

    5.2           Except as expressly amended hereby, the Borrower
        agrees that the Credit Agreement and the other Loan Documents are ratified and confirmed and shall remain in full force and effect in accordance with their terms and that they are not aware of any set off, counterclaim, defense or other claim or
        dispute with respect to any of the foregoing. Except as expressly set forth herein, the execution, delivery and effectiveness of this Supplement shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent
        under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  Nothing herein shall be deemed to entitle the Borrower to any future consent to, or 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.

    

    

    5.3           This Supplement may be executed in any number of
        counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Supplement by signing any such counterpart.  Delivery of an executed counterpart of a signature page of this Supplement by
        telecopy or electronic mail message shall be effective as delivery of a manually executed counterpart of this Supplement.

    

    

    5.4            This Supplement shall be construed in accordance
        with and governed by the law of the State of New York.

    

    

    5.5          Any provision in this Supplement that is held to be
        inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in that jurisdiction or the operation, enforceability, or validity of
        that provision in any other jurisdiction, and to this end the provisions of this Supplement are declared to be severable.

    

    

    5.6        EACH OF THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
        ARISING OUT OF OR RELATING TO THIS SUPPLEMENT, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY.

    

    

    [Remainder of page intentionally blank]

    

    

    
      

      -3-

      
        

      

    

    IN WITNESS WHEREOF, the parties hereto have executed this Supplement as of the date first above written.

    

    

    	 	
            BECTON, DICKINSON AND COMPANY,

            as Borrower

          
	 	 
	 	
            By:

          	
            /s/ John E. Gallagher

          
	 	 	 
	 	 	
            Name:    

          	John E. Gallagher
	 	 	
            Title: 

            

          	SVP & CFO, Medical Segment and Treasurer

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

    

    

    

    
      

      
        

      

    

    	 	
            CITIBANK, N.A.,

            as Administrative Agent, as an Issuing Bank and as an Increasing Lender

          
	 	 
	 	
            By:

          	
            /s/ Richard Rivera

          
	 	 	 
	 	 	
            Name:

          	Richard Rivera
	 	 	
            Title:

            

          	Vice President

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

    

    

    

    
      

      
        

      

    

    	 	
            BNP PARIBAS,

            as an Issuing Bank

          
	 	 
	 	
            By:

          	
            /s/ John T. Bosco

          
	 	 	 
	 	 	
            Name:

          	John T. Bosco
	 	 	
            Title:

            

          	Managing Director

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

    

    

    

    
      

      
        

      

    

    	 	
            BNP PARIBAS,

            as an Increasing Lender

          
	 	 
	 	
            By:

          	
            /s/ John T. Bosco

          
	 	 	 
	 	 	
            Name:

          	John T. Bosco
	 	 	
            Title: 

          	Managing Director

    

    

    	 	
            By:

          	
            /s/ Michael Pearce

          
	 	 	 
	 	 	
            Name:

          	Michael Pearce
	 	 	
            Title:

          	Managing Director
	 	 	 

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

       

      

    

    
      

      
        

      

    

    	 	
            JPMORGAN CHASE BANK, N.A., as an

            Issuing Bank and as an Increasing Lender

          
	 	 
	 	
            By:

          	
            /s/ Gregory T. Martin

          
	 	 	 
	 	 	
            Name:

          	Gregory T. Martin
	 	 	
            Title:

            

          	Managing Director

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

       

      

    

    
      

      
        

      

    

    	 	
            MUFG BANK, LTD.,

            as an Issuing Bank

          
	 	 
	 	
            By: /s/ David Meisner

          
	 	 	 
	 	 	
            Name:

          	David Meisner
	 	 	
            Title:

            

          	Vice President

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

       

      

    

    
      

      
        

      

    

    	 	
            MUFG BANK,

            as an Increasing Lender

          
	 	 
	 	
            By:

          	
            /s/ David Meisner

          
	 	 	 
	 	 	
            Name:

          	David Meisner
	 	 	
            Title:

          	Vice President

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

    

    

    

    
      

      
        

      

    

    	 	
            BARCLAYS BANK PLC,

            as an Increasing Lender

          
	 	 
	 	
            By:

          	
            /s/ Ronnie Glenn

          
	 	 	 
	 	 	
            Name:

          	Ronnie Glenn
	 	 	
            Title:

          	Director

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

       

      

    

    
      

      
        

      

    

    	 	
            MORGAN STANLEY BANK, N.A.,

            as an Increasing Lender

          
	 	 
	 	
            By:

          	
            /s/ Julie Lilienfeld

          
	 	 	 
	 	 	
            Name:

            

          	Julie Lilienfeld
	 	 	
            Title: 

            

          	Authorized Signatory

    

    

    
      [Signature Page to Commitment Increase Supplement to Credit Agreement]

       

      

    

    
      

      
        

      

    

    	

          	
            GOLDMAN SACHS BANK, USA.,

            as an Increasing Lender

          
	 	 
	

          	
            By:

          	 
	 	 	
            /s/ Annie Carr

          
	 	 	
            Name:

          	Annie Carr
	 	 	
            Title:

          	Authorized SignatoryEX-4.1

 Exhibit 4.1 

[Form of 1.900% Senior Notes due 2027] 
 THIS
SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITARY”) OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE
DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TO VISA INC., OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), 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. 

			
	No. R-    	  	            $        
		  	CUSIP No. 92826C AL6
		  	ISIN US92826CAL63

 VISA INC. 

1.900% SENIOR NOTE DUE 2027 

VISA INC., a corporation in existence under the laws of the State of Delaware (herein called the “Company,” which term
includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of
$         on April 15, 2027 (the “Maturity Date”), and to pay interest on said principal sum semi-annually on April 15 and October 15, commencing October 15, 2020 (each, an
“Interest Payment Date”), at the rate of 1.900% per annum from April 2, 2020, or from the most recent date in respect of which interest has been paid or duly provided for, until payment of the principal sum has been made or
duly provided for. The interest so payable and punctually paid or duly provided for on any Interest Payment Date will be paid to the Person in whose name this Note (or one or more predecessor Securities) is registered at the close of business on the
record date for such Interest Payment Date, which shall be the April 1 and October 1 (whether or not a Business Day (as defined below)) next preceding such Interest Payment Date. If the Company defaults in a payment of any such interest,
it shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable on the defaulted interest, to the Persons who are Holders on a subsequent special record date. The Company shall fix or cause to be fixed any such
special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed or deliver by electronic transmission to each Holder a notice that states the special record date, the payment date and
the amount of defaulted interest to be paid. The Company may pay defaulted interest in any lawful manner. 
 Payment of the principal of and
interest on this Note will be made at the Place of Payment in Dollars as more fully provided in the Indenture. 
 Reference is made to the
further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set forth at this place. Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee by manual
signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed by manual or
facsimile signature under its corporate seal or a facsimile thereof. 
 Dated: 

 

			
	By:	 	
                     

		 	Name:
	 	Title:
		
	By:	 	
                     

		 	Name:
	 	Title:

  

	
	[seal]
	
	Attest:
	
	  

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the Series designated therein referred to in the within-mentioned Indenture. 

 

			
	 U.S. BANK NATIONAL
ASSOCIATION, as Trustee

		
	By:	 	
                     

		 	Authorized Signatory
		
	Dated:	 	
                     

 [REVERSE OF NOTE] 

VISA INC. 
 1.900%
SENIOR NOTE DUE 2027 
 This Note is one of a duly authorized issue of debentures, notes or other debt instruments of the Company
(herein called the “Securities”), issued and to be issued in one or more Series under an Indenture dated as of December 14, 2015 (herein called the “Indenture”), between the Company and U.S. Bank National
Association, as Trustee (herein called the “Trustee”, which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the
respective rights thereunder of the Company, the Trustee, and the Holders of the Securities, the terms upon which the Securities are, and are to be, authenticated and delivered, and the definition of capitalized terms used herein and not otherwise
defined herein. The Securities may be issued in one or more Series, which different Series may be issued in various aggregate principal amounts, may be denominated in different currencies, may mature at different times, may bear interest (if any) at
different rates (which rates may be fixed or variable), may be subject to different redemption provisions (if any), may be subject to different sinking, purchase, or analogous funds (if any), may be subject to different covenants and Events of
Default, and may otherwise vary as provided in the Indenture. This Note is one of a Series of Securities of the Company designated as set forth on the face hereof (herein called the “Notes”), initially limited in aggregate principal
amount to $1,500,000,000. 
 Interest on the Notes will be payable semi-annually in arrears on each Interest Payment Date. If any Interest
Payment Date, the Maturity Date or any earlier repayment date falls on a day that is not a Business Day, then payment of interest and/or principal that would otherwise be payable on such date will be made on the next succeeding Business Day. No
interest will accrue on the amount so payable for the period from such Interest Payment Date, Maturity Date or earlier repayment date, as the case may be, to the date payment is made. Interest on the Notes will be paid on the basis of a 360-day year consisting of twelve 30-day months. 
 Optional Redemption

 The Notes shall be redeemable as a whole or in part, at the Company’s option at any time and from time to time prior to
February 15, 2027, at a redemption price equal to the greater of (i) 100% of the principal amount of such Notes and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon through maturity,
as if the Notes matured on February 15, 2027 (exclusive of interest accrued to the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of
twelve 30-day months) at the Treasury Rate plus 25 basis points, plus, in each case, accrued and unpaid interest to, but excluding, the date of redemption. 

The Notes shall be redeemable as a whole or in part, at the Company’s option at any time and from time to time on or after
February 15, 2027, at a redemption price equal to 100% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest to, but excluding, the date of redemption. Notice of any redemption will be sent at least 15 days, but
not more than 60 days before the redemption date to each holder of Notes to be redeemed. 

 “Business Day” means any day other than a Saturday, Sunday or other day on
which commercial banks are required or permitted by law, regulation or executive order to be closed in New York City or in the Place of Payment. 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment
Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes, as if such notes had matured on February 15, 2027 that would be utilized, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of the Notes through February 15, 2027. 

“Comparable Treasury Price” means, with respect to any redemption date, (A) the average of the Reference Treasury Dealer
Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of
all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the
Company. 
 “Reference Treasury Dealer” means each of BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital
Markets, LLC and Wells Fargo Securities, LLC and their respective successors, and, at the option of the Company, one other nationally recognized investment banking firm that is a primary U.S. Government Obligations dealer in the United States (a
“Primary Treasury Dealer”); provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by
such Reference Treasury Dealer at 3:30 p.m. New York time on the third Business Day preceding such redemption date. 
 “Treasury
Rate” means, with respect to any redemption date for the Notes, the rate per annum equal to the semiannual equivalent yield to maturity or interpolation (on a day count basis) of the interpolated Comparable Treasury Issue, assuming a price
for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. 

Except as otherwise provided herein, redemption of the Notes shall be made in accordance with the terms of Article 3 of 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 each Series under the Indenture at any time by the Company and the Trustee with the consent of the Holders of at least a majority in aggregate principal amount of the outstanding
Securities of each Series to be affected by such amendment or modification. The 

 
Indenture also contains provisions permitting the Holders of at least a majority in principal amount of the outstanding Securities of each Series to be affected by such waiver, on behalf of the
Holders of Securities of such Series, to waive compliance by the Company with certain provisions of the Indenture or the Securities with respect to such Series. Once effective, any such consent or waiver by the Holder of this Note shall be
conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon
this Note. 
 The Indenture contains provisions setting forth certain conditions to the institution of proceedings by Holders of Securities
with respect to the Indenture or for any remedy under the Indenture. 
 If an Event of Default with respect to the Notes occurs and is
continuing, the principal amount hereof may become immediately due and payable in the manner and with the effect provided in the Indenture. 

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 times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registerable in the Security
register, upon surrender of this Note for registration of transfer at the office or agency of the Company duly endorsed, or accompanied by a written instrument or instruments of transfer in form satisfactory to the Company duly executed, by the
Holder hereof or his attorney duly authorized in writing, and thereupon the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of the same Series of
any authorized denominations and of a like aggregate principal amount and bearing such restrictive legends as may be required by the Indenture. 

The Notes are issuable only in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, this Note may be exchanged for other Securities of the same Series of any authorized denominations and of a like aggregate principal amount, upon surrender of this
Note at the office or agency of the Company. 
 No service charge shall be made for any such registration or transfer or exchange, but the
Company or the Trustee may require payment of a sum sufficient to cover any tax, assessment or other governmental charge that may be imposed in connection therewith. 

Prior to the presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may
deem and treat the Person in whose name this Note is registered on the Security register as the absolute owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note is overdue, and
neither the Company, the Trustee, nor any agent of the Company or the Trustee shall be affected by notice to the contrary. 

 The Company may, without the consent of the existing holders of the Notes, issue additional
Notes of this Series having the same terms (except the issue date, the date from which interest accrues and, in some cases, the first interest payment date) so that existing Notes and additional Notes form the same series under the Indenture,
provided, however, that if any such additional Notes are not fungible with the existing Notes for U.S. federal income tax purposes, such additional Notes will have a separate CUSIP number. 

This Note shall be governed by and interpreted in accordance with the laws of the State of New York. 

All terms used in this Note which are defined in the Indenture and are not otherwise defined herein shall have the meanings assigned to them
in the Indenture. 

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

 

                          
                                         
                      
 [PLEASE INSERT
SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE] 

                          
                                         
                                         
                                 

 

                          
                                         
                                         
                                 

 

                          
                                         
                                         
                                 

[PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE] 

the within Note and all rights thereunder, hereby irrevocably constituting and appointing
                                        
attorney to transfer such Note on the books of the Company, with full power of substitution in the premises. 
 Dated:
                     
 NOTICE: The signature to
this assignment must correspond with the name as written upon the face of the within Note in every particular without alteration or enlargement or any change whatsoever.

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