Document:

EX-4.1

 Exhibit 4.1 
  

 
 Schlumberger Investment SA

 2.650% Senior Notes due 2030 

Irrevocably and Unconditionally Guaranteed by 

Schlumberger Limited 
  

 
 SECOND
SUPPLEMENTAL INDENTURE 
 Dated as of June 26, 2020 

 
  

The Bank of New York Mellon, 
 as
Trustee, Registrar, Paying Agent 
 and Transfer Agent 
  

 

 Second Supplemental Indenture (this “Second Supplemental Indenture”) dated
as of June 26, 2020 by and among Schlumberger Investment SA, a public limited liability company (société anonyme) organized under the laws of the Grand Duchy of Luxembourg having its registered address at 42-44 Avenue de la Gare, L-1610 Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 163.122 (the “Company”),
Schlumberger Limited (the “Guarantor”), and The Bank of New York Mellon, as trustee (the “Trustee”), registrar, paying agent, and transfer agent. 

RECITALS 

A.    The Company, the Guarantor, and the Trustee, executed and delivered an Indenture, dated as of December 3, 2013
(the “Base Indenture”), to provide for the issuance by the Company from time to time of debentures, notes or other debt instruments evidencing its indebtedness. The Base Indenture, as supplemented and amended by this Second
Supplemental Indenture, is herein referred to as the “Indenture.” 
 B.    The Company has authorized
the issuance of $900,000,000 principal amount of 2.650% Senior Notes due 2030 (the “Notes”). 

C.    The Company and the Guarantor desire to enter into this Second Supplemental Indenture pursuant to Section 9.1
of the Base Indenture to (i) establish the terms of the Notes and in accordance with Section 2.2 of the Base Indenture, (ii) establish the form of the Notes in accordance with Sections 2.2.13 and 2.3 of the Base Indenture and
(iii) change certain provisions of the Base Indenture with respect to the Notes and any Series of Securities created after the date hereof. 

D.    All things necessary to make this Second Supplemental Indenture a valid and legally binding agreement according to
its terms have been done. 
 NOW, THEREFORE, for and in consideration of the foregoing premises, the Company, the Guarantor and the Trustee
mutually covenant and agree for the equal and proportionate benefit of the Holders from time to time of the Notes as follows: 
 ARTICLE I

 Section 1.1.    Additional Defined Terms. 

As used herein, the following defined terms shall have the following meanings with respect to the Notes only: 

“Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note,
the rules and procedures of the Depositary that apply to such transfer or exchange at the relevant time. 
 “Certificated
Note” means a definitive note in registered non-global certificated form. 

 “Global Note Legend” means the legend set forth in Section 1.4.1
hereof, which is required to be placed on all Global Notes issued under the Indenture. 
 “Global Notes” means,
individually and collectively, each of the global notes, substantially in the form of Exhibit A hereto and that bears the Global Note Legend, issued in accordance with Sections 2.1 of the Base Indenture and 1.3 hereof. 

“Indirect Participant” means any entity that, with respect to the Depositary, clears through or maintains a direct or
indirect custodial relationship with a Participant. 
 “Interest Payment Date” means the stated due date of an installment
of interest on the Notes set forth in the Notes. 
 “Note Guarantee” means the Guarantee by the Guarantor of the
Company’s obligations under the Indenture and the Notes, pursuant to the provisions of the Indenture. 
 “Participant”
means, with respect to the Depositary, a Person who has an account with the Depositary. 
 “Redemption Date” means, when
used with respect to any Note to be redeemed, the date fixed for such redemption by or pursuant to the Indenture. 
 “Securities
Act” means the Securities Act of 1933, as amended. 
 Section 1.2.    Terms of the Notes. 

The following terms relate to the Notes: 

(1)    The Notes shall constitute a separate Series of Securities under the Base Indenture having the title “2.650%
Senior Notes due 2030.” 
 (2)    The aggregate principal amount of the Notes (the “Initial
Notes”) that may be initially authenticated and delivered under the Indenture shall be $900,000,000 of Notes. The Company may from time to time, without the consent of the Holders of Notes, issue additional Notes (in any such case
“Additional Notes”) having the same forms and terms (other than the date of issuance and, under certain circumstances, the date from which interest thereon will begin to accrue), and will carry the same right to receive accrued and
unpaid interest, as the Notes previously outstanding. Any Additional Notes and the Initial Notes shall constitute a single Series of Securities under the Indenture, including for purposes of voting and redemptions, and all references to the
“Notes” shall include the Initial Notes and any Additional Notes, unless the context otherwise requires, provided, however, that a separate CUSIP or ISIN shall be issued for the Additional Notes, unless the Initial Notes and the Additional
Notes are fungible for U.S. federal income tax purposes. Such Additional Notes will also be guaranteed by the Guarantor (with the same ranking as the Note Guarantee for the Initial Notes). The aggregate principal amount of the Additional Notes that
may be issued shall be unlimited. 
 (3)    The entire outstanding principal of the Notes shall be payable on
June 26, 2030. 

  
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 (4)    The rate at which the Notes shall bear interest shall be 2.650%
per year. The date from which interest shall accrue on the Notes shall be June 26, 2020, or the most recent Interest Payment Date to which interest has been paid or provided for. The Interest Payment Dates for each of the Notes shall be
June 26 and December 26 of each year, beginning December 26, 2020. Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on the June 11 and December 11 prior to each
Interest Payment Date (whether or not a Business Day). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day
months. 
 (5)    The Notes shall be issuable in whole in the form of one or more registered Global Notes, and the
Depositary for such Global Notes shall be The Depository Trust Company, New York, New York (“DTC”). The Notes shall be substantially in the form attached hereto as Exhibit A, the terms of which are herein incorporated by reference.
The Notes shall be denominated and payable in Dollars and shall be issuable in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof. 

(6)    The Notes may be redeemed at the option of the Company or the Guarantor prior to the Maturity date, as provided in
Article III of the Base Indenture, as amended by this Second Supplemental Indenture, and under the caption “Optional Redemption” in the Notes. 

(7)    The Notes will not have the benefit of any sinking fund. 

(8)    Except as provided in Sections 1.3 and 1.5 hereof, the Holders of the Notes shall have no special rights in
addition to those provided in the Base Indenture upon the occurrence of any particular events. 
 (9)    The Notes will
be senior unsecured obligations of the Company and will rank equally and ratably in right of payment to all of the Company’s other unsecured indebtedness. 

(10)    The Notes are not convertible into shares of common stock or other securities of the Company. 

(11)    The restrictive covenants set forth in Article IV of the Base Indenture shall be applicable to the Notes. 

(12)    The Notes shall be issued as Unrestricted Securities. 

Section 1.3.    Transfer and Exchange. 

1.3.1    Transfer and Exchange of Global Notes. This Section 1.3.1 replaces the second paragraph of
Section 2.14.2 of the Base Indenture with respect to the Notes only. 
 Except as provided in Section 2.14.2 of the Base
Indenture, a Global Note may not be transferred except as a whole by the Depositary with respect to such Global Note to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the
Depositary or any such nominee to a successor Depositary 

  
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or a nominee of such a successor Depositary; however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.7 of the Base Indenture, as amended by
this Second Supplemental Indenture and this Section 1.3. 
 1.3.2    Transfer and Exchange of Beneficial
Interests in the Global Notes. This Section 1.3.2 shall apply with respect to the Notes only. 
 The transfer and exchange of
beneficial interests in the Global Notes will be effected through the Depositary, in accordance with the provisions of the Indenture and the Applicable Procedures. Transfers of beneficial interests in the Global Notes also will require compliance
with either subparagraph (a) or (b) below, as applicable, as well as one or more of the other following subparagraphs, as applicable. 

(a)    Transfer of Beneficial Interests in the Same Global Note. Beneficial interests in any Global
Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Global Note. No written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this
Section 1.3.2(a). 
 (b)    All Other Transfers and Exchanges of Beneficial Interests in Global
Notes. In connection with all transfers and exchanges of beneficial interests that are not subject to Section 1.3.2(a) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(i)    both: 

(1)    a written order from a Participant or an Indirect Participant given to the Depositary in accordance
with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(2)    instructions given by the Depositary in accordance with the Applicable Procedures containing
information regarding the Participant account to be credited with such increase; or 
 (ii)    both: 

(1)    a written order from a Participant or an Indirect Participant given to the Depositary in accordance
with the Applicable Procedures directing the Depositary to cause to be issued a Certificated Note in an amount equal to the beneficial interest to be transferred or exchanged; and 

(2)    instructions given by the Depositary to the Registrar containing information regarding the Person
in whose name such Certificated Note shall be registered. 

  
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 Upon satisfaction of all of the requirements for transfer or exchange of beneficial
interests in Global Notes contained in the Indenture and the Notes, the Trustee shall adjust the principal amount of the relevant Global Note(s) pursuant to Section 1.3.4 of this Second Supplemental Indenture. 

1.3.3    Transfer and Exchange of Certificated Notes for Certificated Notes. This Section 1.3.3 shall apply
with respect to the Notes only. 
 Upon request by a Holder of Certificated Notes and such Holder’s compliance with the provisions of
this Section 1.3.3, the Registrar will register the transfer or exchange of Certificated Notes. Prior to such registration of transfer or exchange, the requesting Holder must present or surrender to the Registrar the Certificated Notes duly
endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In addition, the requesting Holder must provide any additional
certifications, documents and information, as applicable, reasonably required by the Registrar. 

1.3.4    Cancellation and/or Adjustment of Global Notes. This Section 1.3.4 shall apply with respect to the
Notes only. 
 At such time as all beneficial interests in a particular Global Note have been exchanged for Certificated Notes or a
particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note will be returned to or retained and canceled by the Trustee in accordance with Section 2.12 of the Base Indenture. At any time
prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interests in another Global Note or for Certificated Notes, the principal
amount of Notes represented by such Global Note will be reduced accordingly and an endorsement will be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial
interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note will be increased accordingly and an endorsement will be made on such
Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

1.3.5    General Provisions Relating to Transfers and Exchanges. This Section 1.3.5 shall replace
Section 2.7 of the Base Indenture with respect to the Notes only. 
 (a)    To permit registrations
of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes and Certificated Notes upon receipt of a Company Order in accordance with Section 2.3 of the Base Indenture. 

(b)    No service charge will be made to a holder of a beneficial interest in a Global Note, a Holder of a
Global Note or to a Holder of a Certificated Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any stamp duty, stamp duty reserve tax, documentary, transfer tax or similar
governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11, 3.6 or 9.6 of the Base Indenture). 

  
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 (c)    The Registrar will not be required to register
the transfer of or exchange of any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(d)    All Global Notes and Certificated Notes issued upon any registration of transfer or exchange of
Global Notes or Certificated Notes will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under the Indenture, as the Global Notes or Certificated Notes surrendered upon such registration of
transfer or exchange. 
 (e)    Neither the Registrar nor the Company will be required: 

(i)    to issue, to register the transfer of or to exchange any Notes during a period beginning at the
opening of business 15 days before the day of any selection of Notes for redemption under Section 3.2 of the Base Indenture, as amended by this Second Supplemental Indenture, and ending at the close of business on the day of selection; 

(ii)    to register the transfer of or to exchange any Note selected for redemption in whole or in part,
except the unredeemed portion of any Note being redeemed in part; or 
 (iii)    to register the transfer
of or to exchange a Note between a record date and the next succeeding Interest Payment Date. 

1.3.6    Holders. This Section 1.3.6 shall replace Section 2.14.6 of the Base Indenture with respect to
the Notes only. 
 Prior to due presentment for the registration of a transfer of any Security, the Trustee, any Agent and the Company may
deem and treat the Person in whose name any Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of, premium, if any, and interest and Additional Amounts, if any, on such Securities and for
all other purposes, and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 

Section 1.4.    Legend. This Section 1.4 shall replace Section 2.14.3 of the Base Indenture with
respect to the Notes only. 
 The following legend will appear in substantially the following form on the face of each Global Note issued
under the Indenture unless specifically stated otherwise in the applicable provisions of the Indenture. 
 “THIS GLOBAL NOTE IS HELD BY
THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, 

  
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AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 1.3 OF THE SECOND SUPPLEMENTAL
INDENTURE, (2) THIS GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 1.3 OF THE SECOND SUPPLEMENTAL INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE
BASE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT TO A CUSTODIAN OR A
NOMINEE OF SUCH CUSTODIAN, BY A CUSTODIAN OR A NOMINEE OF SUCH CUSTODIAN TO A DEPOSITARY OR TO ANOTHER NOMINEE OR CUSTODIAN OF SUCH DEPOSITARY, OR BY SUCH CUSTODIAN OR DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR CUSTODIAN OR A
NOMINEE THEREOF. ACCORDINGLY, UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS
MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.”

 Section 1.5.    Note Guarantee. 

1.5.1    Guarantee. 

(a)    Subject to this Section 1.5.1, the Guarantor hereby unconditionally guarantees to each Holder
of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of the Indenture, the Notes or the obligations of the Company hereunder or thereunder, that: 

(i)    the principal of, premium on, if any, and interest, if any, on, the Notes and all other amounts
payable by the Company under the Indenture will be promptly paid in full when due, whether at maturity, by acceleration, redemption or otherwise, and interest on the overdue principal of, premium on, if any, and interest, if any, on, the Notes, if
lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder will be promptly paid in full or performed, all in accordance with the terms hereof and thereof; and 

  
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 (ii)    in case of any extension of time of payment or
renewal of any Notes or any of such other obligations, that same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise. 

Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantor will be obligated to
pay the same immediately. The Guarantor agrees that its Note Guarantee is a guarantee of payment and not a guarantee of collection. 

(b)    The Guarantor hereby agrees that its obligations under its Note Guarantee are unconditional,
irrespective of the validity, regularity or enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes or the Trustee with respect to any provisions hereof or
thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of the Guarantor. The Guarantor hereby waives diligence,
presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenants that its
Note Guarantee will not be discharged with respect to the Notes except by complete performance of the obligations contained in the Notes and the Indenture. 

(c)    If any Holder or the Trustee is required by any court or otherwise to return to the Company, the
Guarantor or any custodian, trustee, liquidator or other similar official acting in relation to either the Company or the Guarantor, any amount paid either to the Trustee or such Holder, the Guarantor’s Note Guarantee, to the extent theretofore
discharged, will be reinstated in full force and effect. 
 (d)    The Guarantor agrees that it will not
be entitled to any right of subrogation in relation to the Holders with respect to the Notes in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby with respect to the Notes. The Guarantor further
agrees that, as between the Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (1) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article VI of the Base Indenture for the
purposes of the Guarantor’s Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and (2) in the event of any declaration of acceleration of
such obligations as provided in Article VI of the Base Indenture, such obligations (whether or not due and payable) will forthwith become due and payable by the Guarantor for the purpose of the Guarantor’s Note Guarantee. 

  
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 1.5.2    Limitation on Guarantor Liability. The Guarantor, and by
its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of the Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent
Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to its Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantor hereby irrevocably agree that
the obligations of the Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of the Guarantor that are relevant under such laws, result in the obligations
of the Guarantor under its Note Guarantee not constituting a fraudulent transfer or conveyance. 
 1.5.3    Execution
and Delivery of Note Guarantee. The terms of the Note Guarantee set forth in Section 1.5.1 do not require the Guarantor to evidence its Note Guarantee through any notation of such Note Guarantee endorsed by an Officer of the Guarantor on
each Note authenticated and delivered by the Trustee. This Second Supplemental Indenture will be executed on behalf of the Guarantor by one of its Officers. 

The Note Guarantee set forth in Section 1.5.1 hereof will remain in full force and effect without any requirement to endorse on each Note
a notation of such Note Guarantee. 
 If an Officer of the Guarantor whose signature is on this Second Supplemental Indenture no longer
holds that office at the time the Trustee authenticates any Note, the Note Guarantee will be valid nevertheless. 
 The delivery of any Note
by the Trustee, after the authentication thereof, will constitute due delivery of the Note Guarantee set forth in this Second Supplemental Indenture on behalf of the Guarantor. 

1.5.4    Releases. 

Upon legal defeasance or covenant defeasance with respect to the Notes in accordance with Article VIII of the Base Indenture or satisfaction
and discharge of the Indenture, the Guarantor will be released and relieved of any obligations with respect to the Notes under its Note Guarantee to the extent set forth in the Indenture. 

If the Guarantor is not released from its obligations under its Note Guarantee as provided in this Section 1.5.4 the Guarantor will
remain liable for the full amount of principal of, premium on, if any, and interest, if any, on, the Notes and for the other obligations of the Guarantor under the Indenture as provided in this Section 1.5. 

Section 1.6.    Selection of Notes to be Redeemed. This Section 1.6 shall replace Section 3.2 of the
Base Indenture with respect to the Notes only. 
 If fewer than all the Notes are to be redeemed at any time, the Trustee will select
Certificated Notes for redemption on a pro rata basis (or, in the case of Global Notes, Notes to be redeemed shall be selected in accordance with the Applicable Procedures of the Depositary) unless otherwise required by law or applicable
stock exchange requirements. The Trustee will not be liable for selections made by it as contemplated in this Section. 

Section 1.7.    Notice of Redemption. 

  
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 Section 3.3 of the Base Indenture is hereby amended with respect to the Notes only by
changing, in the first sentence thereof, the number “30” to the number “10”. 

Section 1.8.    Redemption Upon Changes in Tax Law. This Section 1.8 shall replace Section 3.10 of
the Base Indenture with respect to the Notes only. 
 The Company or the Guarantor may redeem the Notes, in whole but not in part, at its
discretion at any time upon giving not fewer than 10 nor more than 60 days’ prior notice to the Holders of such Notes (which notice will be irrevocable), at a redemption price equal to 100% of the aggregate principal amount thereof, together
with accrued and unpaid interest, if any, to (but not including) the date fixed by the Company or Guarantor, as applicable, for redemption (a “Tax Redemption Date”) and all Additional Amounts (if any) then due and which will become
due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of such Notes on the relevant record date to receive interest due on the relevant interest payment date and Additional Amounts (if any) in
respect thereof), if on the next date on which any amount would be payable in respect of such Notes, the Company or the Guarantor, as applicable, is or would be required to pay Additional Amounts, and the Company or Guarantor cannot avoid any such
payment obligation by taking reasonable measures available to it (for avoidance of doubt, in the case of the Guarantor, by causing the payment to be made by the Company), and the requirement arises as a result of: 

(a)    any amendment to, or change in, or change in the enforcement or interpretation of, the laws (or any
regulations or rulings promulgated thereunder) of a Relevant Tax Jurisdiction which change or amendment becomes effective on or after the Issue Date (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after
the Issue Date, such later date), or 
 (b)    any amendment to, or change in, an official interpretation
or application of such laws, regulations or rulings (including by virtue of a holding, judgment, order by a court of competent jurisdiction or a change in published administrative practice) which amendment or change becomes effective on or after the
Issue Date (or, if the applicable Relevant Tax Jurisdiction became a Relevant Tax Jurisdiction on a date after the Issue Date, such later date). 

Neither the Company nor the Guarantor, as applicable, will give any such notice of redemption earlier than 90 days prior to the earliest date
on which the Company or Guarantor, as applicable, would be obligated to make such payment or withholding if a payment in respect of the Notes was then due, and the obligation to pay Additional Amounts must be in effect at the time such notice is
given. Prior to giving any notice of redemption of the Notes pursuant to the foregoing, the Company or the Guarantor, as applicable, will deliver to the Trustee an opinion of independent tax counsel to the effect that there has been such amendment
or change which would entitle the Company or the Guarantor to redeem such Notes hereunder. In addition, before the Company or the Guarantor, as applicable, gives notice of redemption of such Notes as described above, it will deliver to the Trustee
an Officer’s Certificate to the effect that the Company or Guarantor, as applicable, cannot avoid its obligation to pay Additional Amounts by the Company or the Guarantor, as applicable, taking reasonable measures available to it. 

  
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 The Trustee will accept and shall be entitled to rely on such Officer’s Certificate
and opinion of counsel as sufficient evidence of the existence and satisfaction of the conditions precedent as described above, in which event it will be conclusive and binding on the Holders of the Notes. 

The foregoing will also apply mutatis mutandis to any jurisdiction in which any successor person to the Company or the Guarantor is
incorporated, organized or resident for tax purposes and any political subdivision thereof or therein. 

Section 1.9.    Amendments to Base Indenture. 

1.9.1    Execution and Authentication. Pursuant to Section 9.1(7) of the Base Indenture, the first three
paragraphs of Section 2.3 of the Base Indenture are hereby amended and restated with respect to the Notes and each other Series of Securities issued after the date hereof as follows: 

An Officer of the Company shall sign the Securities for the Company by manual, facsimile or other electronic signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the
Security shall nevertheless be valid. 
 A Security shall not be valid until authenticated by the manual, facsimile or other
electronic signature of the Trustee or an authenticating agent. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 

1.9.2    Notices. Pursuant to Section 9.1(1) of the Base Indenture, the notice information for the Trustee in
Section 10.1 of the Base Indenture shall be replaced in its entirety as follows: 
 if to the Trustee: 

The Bank of New York Mellon 

601 Travis Street, 16th Floor 

Houston, TX 77002 

Attention: Corporate Trust/Conventional Debt 

Fax: (713) 483-6979 

ARTICLE II 

MISCELLANEOUS 

Section 2.1.    Definitions. 

Capitalized terms used but not defined in this Second Supplemental Indenture shall have the meanings ascribed thereto in the Base Indenture.

  
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 Section 2.2.    Confirmation of Indenture. 

The Base Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all respects ratified and confirmed, and the Base
Indenture, this Second Supplemental Indenture and any applicable indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 

Section 2.3.    Governing Law. 

THIS SECOND SUPPLEMENTAL INDENTURE, THE NOTES AND THE NOTE GUARANTEE, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THIS
SECOND SUPPLEMENTAL INDENTURE, THE NOTES OR THE NOTE GUARANTEE, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF
NEW YORK. 
 THE APPLICATION OF THE PROVISIONS OF THE ARTICLES 470-1 TO 470-19 (INCLUSIVE) OF THE LUXEMBOURG LAW OF 10 AUGUST 1915 ON COMMERCIAL COMPANIES, AS AMENDED, IS HEREBY EXPRESSLY EXCLUDED. 

Section 2.4.    Severability. 

In case any provision in this Second Supplemental Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality
and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 2.5.    Counterparts. 

This Second Supplemental Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

Section 2.6.    No Benefit. 

Nothing in this Second Supplemental Indenture, express or implied, shall give to any Person other than the parties hereto and their successors
or assigns, and the Holders of the Notes, any benefit or legal or equitable rights, remedy or claim under this Second Supplemental Indenture or the Base Indenture. 

Section 2.7.    No Responsibility of the Trustee. 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of the Notes, the Note
Guarantee or this Second Supplemental Indenture. The recitals contained herein shall be taken as the statements solely of the Company or the Guarantor, and the Trustee assumes no responsibility for correctness thereof. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed all as of the day and year first above written. 
  

			
	SCHLUMBERGER INVESTMENT SA
		
	By:	 	 /s/ Joanna Todd

		 	Name: Joanna Todd
		 	Title: Class B Director

  

			
	SCHLUMBERGER LIMITED
		
	By:	 	 /s/ Claudia Jaramillo

		 	Name: Claudia Jaramillo
		 	Title: Vice President and Treasurer

  
 Second Supplemental
Indenture 

 
			
	 The Bank of New York Mellon
 as
Trustee, Registrar, Paying Agent and Transfer Agent

		
	By:	 	 /s/ Shannon Matthews

		 	Name: Shannon Matthews
		 	Title: Agent

  
 Second Supplemental
Indenture 

 EXHIBIT A 

FORM OF 2.650% SENIOR NOTES DUE 2030 

[Insert the Global Note Legend] 

2.650% SENIOR NOTES DUE 2030 
  

					
	No. [    ]	  		  	$[    ]
	CUSIP: 806854 AJ4	  		  	
	ISIN: US806854AJ48	  		  	

 SCHLUMBERGER INVESTMENT SA 

promises to pay to Cede & Co., or registered assigns, the principal sum of [            ]
Dollars on June 26, 2030 (as modified by the Schedule of Increases and Decreases in the Global Note attached hereto). 
 Interest Payment Dates:
June 26 and December 26 
 Record Dates: June 11 and December 11 (whether or not a Business Day) 

Each holder of this Note (as defined below), by accepting the same, agrees to and shall be bound by the provisions hereof and of the Indenture
described herein, and authorizes and directs the Trustee described herein on such holder’s behalf to be bound by such provisions. Each holder of this Note hereby waives all notice of the acceptance of the provisions contained herein and in the
Indenture and waives reliance by such holder upon said provisions. 
 This Note shall not be entitled to any benefit under the Indenture, or
be valid or become obligatory for any purpose, until the Certificate of Authentication hereon shall have been signed by or on behalf of the Trustee. The provisions of this Note are continued on the reverse side hereof, and such continued provisions
shall for all purposes have the same effect as though fully set forth at this place. 

  
 A-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in accordance with
the Indenture. 
 Date: June 26, 2020 
  

			
	SCHLUMBERGER INVESTMENT SA
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-2 

 CERTIFICATE OF AUTHENTICATION 

This is one of the 2.650% Senior Notes due 2030 issued by Schlumberger Investment SA of the Series designated therein referred to in the
within-mentioned Indenture. 
 Date: June 26, 2020 
  

			
	THE BANK OF NEW YORK MELLON 
as Trustee
		
	By:	 	  

		 	Authorized Signatory

  
 A-3 

 Schlumberger Investment SA 

2.650% Senior Notes due 2030 

This note is one of a duly authorized Series of debt securities of Schlumberger Investment SA, a public limited liability company
(société anonyme) organized under the laws of the Grand Duchy of Luxembourg having its registered address at 42-44 Avenue de la Gare, L-1610
Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B 163.122 (the “Company”), issued or to be issued in one or more Series under and pursuant to an Indenture for the Company’s
debentures, notes or other debt instruments evidencing its indebtedness, dated as of December 3, 2013 (the “Base Indenture”), duly executed and delivered by and among the Company, Schlumberger Limited, a corporation with
limited liability governed by the laws of Curaçao (the “Guarantor”) and The Bank of New York Mellon as trustee (the “Trustee”), registrar, paying agent and transfer agent, as supplemented and amended by the
Second Supplemental Indenture, dated as of June 26, 2020 (the “Second Supplemental Indenture”), by and among the Company, the Guarantor and the Trustee. The Base Indenture as supplemented and amended by the Second Supplemental
Indenture is referred to herein as the “Indenture.” By the terms of the Base Indenture, the debt securities issuable thereunder are issuable in Series that may vary as to amount, date of maturity, rate of interest and in other
respects as provided in the Base Indenture. This note is one of the Series designated on the face hereof (individually, a “Note,” and collectively, the “Notes”), and reference is hereby made to the Indenture for a
description of the rights, limitations of rights, obligations, duties and immunities of the Trustee, the Company and the Holders of the Notes (the “Holders”). Capitalized terms used herein and not otherwise defined shall have the
meanings given them in the Indenture. 
 1.    Interest. The rate at which the Notes shall bear interest shall be
2.650% per year. The date from which interest shall accrue on the Notes shall be June 26, 2020, or the most recent Interest Payment Date to which interest has been paid or provided for. The Interest Payment Dates for the Notes shall be
June 26 and December 26 of each year, beginning December 26, 2020. Interest shall be payable on each Interest Payment Date to the Holders of record at the close of business on the June 11 and December 11 prior to each
Interest Payment Date (whether or not a Business Day). The basis upon which interest shall be calculated shall be that of a 360-day year consisting of twelve 30-day
months. 
 2.    Method of Payment. The Company will pay interest on the Notes (except defaulted interest), if
any, to the persons in whose name such Notes are registered at the close of business on the regular record date referred to on the facing page of this Note for such interest payment. In the event that the Notes or a portion thereof are called for
redemption and the Redemption Date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Notes will be paid upon presentation and surrender of such Notes as
provided in the Indenture. The principal of and the interest on the Notes shall be payable in Dollars, at the office of the Paying Agent maintained for that purpose in accordance with the Indenture, or at the Company’s option, by check mailed
to the address of the registered Holder or, with respect to any Global Note or upon application by the Holder of a Certificated Note to the specified office of any Paying Agent not less than 15 days before the due date of any payment, by wire
transfer to a U.S. dollar account. 

  
 A-4 

 3.    Registrar, Paying Agent, and Transfer Agent. Initially, The
Bank of New York Mellon will act as Registrar; the initial Paying Agent will be The Bank of New York Mellon, in New York; the initial Transfer Agent will be The Bank of New York Mellon, in New York. The Company may change or appoint any Registrar,
Paying Agent or Transfer Agent without notice to any Holder. 
 4.    Indenture. The Notes are senior unsecured
obligations of the Company and constitute the Series designated on the face hereof as the “2.650 Senior Notes due 2030”, initially limited to $900,000,000 in aggregate principal amount. The Company will furnish to any Holders upon
written request and without charge a copy of the Base Indenture and the Second Supplemental Indenture. Requests may be made to: Schlumberger Limited, 5599 San Felipe Street, 17th Floor, Houston,
Texas 77057 Attention: Vice President and Treasurer. 
 5.    Optional Redemption. At the Company’s option,
the Notes may be redeemed or purchased, in each case, in whole or in part at any time or from time to time prior to the Stated Maturity of the Notes, as provided in Article III of the Base Indenture (as amended by the Second Supplemental Indenture),
Section 1.2 of the Second Supplemental Indenture and in this Section 5. 
 Prior to March 26, 2030 (three months prior to
their Maturity date), the Notes may be redeemed in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to the greater of: 

(a)    100% of the principal amount of such Notes then outstanding, and 

(b)    the sum of the present values of the remaining scheduled payments of principal and interest on such
Notes to be redeemed that would have been payable in respect of such Notes calculated as if the Maturity date of such Notes was March 26, 2030 (three months prior to their Maturity date) (not including any portion of such payments of interest
accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the
applicable treasury rate plus 30 basis points, plus accrued and unpaid interest on the principal amount being redeemed to (but not including) the redemption date. 

“treasury rate” means, with respect to any redemption date: 

(a)    the yield, under the heading which represents the average for the immediately preceding week,
appearing in the most recently published statistical release designed “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on
actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the comparable treasury issue (if

  
 A-5 

 
no maturity is within three months before or after the remaining life (as defined below), yields for the two published maturities most closely corresponding to the comparable treasury issue will
be determined and the treasury rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month), or 

(b)    if such release (or any successor release) is not published during the week preceding the
calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the comparable treasury issue, calculated using a price for the comparable treasury issue (expressed as a percentage of its
principal amount) equal to the comparable treasury price for such redemption date. 
 The treasury rate will be calculated on
the third Business Day preceding the redemption date. 
 Notwithstanding the foregoing, commencing on March 26, 2030
(three months prior to their Maturity date), the Notes are redeemable at the Company’s option, in whole at any time or in part from time to time, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus in
each case accrued and unpaid interest on the principal amount being redeemed to (but not including) the redemption date. 

“comparable treasury issue” means the U.S. Treasury security selected by an independent investment banker as having
an actual or interpolated maturity comparable to the remaining term (“remaining life”) of the Notes to be redeemed (assuming that such Notes to be redeemed matured on March 26, 2030) that would be utilized, at the time of selection
and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes (assuming that such Notes matured on March 26, 2030). 

“comparable treasury price” means (1) the average of four reference treasury dealer quotations for such
redemption date, after excluding the highest and lowest reference treasury dealer quotations, or (2) if the independent investment banker obtains fewer than four such reference treasury dealer quotations, the average of all such quotations.

 “independent investment banker” means Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan
Securities LLC or SG Americas Securities, LLC, or, if these firms are unwilling or unable to select the comparable treasury issue, an independent investment banking institution of national standing appointed by the Company. 

“reference treasury dealer” means (1) Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan
Securities LLC or SG Americas Securities, LLC and their respective successors, provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in New York City (a “primary

  
 A-6 

 
treasury dealer”), the Company will substitute therefor another primary treasury dealer, and (2) any other primary treasury dealer selected by the independent investment banker after
consultation with the Company. 
 “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 (express in each case as a percentage of its principal amount) quoted in writing
to the independent investment banker at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 For the
avoidance of doubt, the Trustee shall have no obligation to determine or calculate any rate, price or amount in respect of any optional redemption under the Indenture. 

The Notes will not have the benefit of any sinking fund. 

6.    Denominations, Transfer, Exchange. The Notes are in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except
for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date
and the next succeeding Interest Payment Date. 
 7.    Persons Deemed Owners. The registered Holder of a Note
may be treated as the owner of it for all purposes. Only registered Holders have rights under the Indenture. 

8.    Repayment to the Company. The Trustee and the Paying Agent shall promptly pay to the Company upon written
request any excess money or Government Obligations (or proceeds therefrom) held by them at any time upon the written request of the Company. 

Subject to the requirements of any applicable abandoned property laws, the Trustee and the Paying Agent shall pay to the Company upon written
request any money held by them for the payment of principal, premium (if any), interest or any Additional Amounts that remains unclaimed for two years after the date upon which such payment shall have become due. After payment to the Company,
Holders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another Person, and all liability of the Trustee and the Paying Agent with respect to such money shall
cease. 

  
 A-7 

 9.    Amendment, Supplements and Waivers. Without the consent of
any Holder of Notes, the Company, the Guarantor and the Trustee may amend or supplement the Indenture, the Notes or the Note Guarantee in certain circumstances, including: (a) to cure any ambiguity, omission, defect or inconsistency;
(b) to provide for the assumption of the Company’s obligations under the Indenture and the Notes or the Guarantor’s obligations under the Note Guarantee by a successor upon any merger, consolidation or asset transfer or to provide for
the assumption of the Company’s obligations under the Indenture and the Notes by a Subsidiary of the Guarantor in accordance with Section 5.2 of the Base Indenture; (c) to provide for uncertificated Notes in addition to or in place of
Certificated Notes; (d) to provide any security for or guarantees of the Notes or for the addition of an additional obligor on the Notes; (e) to comply with any requirement to effect or maintain the qualification of the Indenture under the
TIA; (f) to add covenants that would benefit the Holders of the outstanding Notes or to surrender any rights the Company has under the Indenture; (g) to change or eliminate any of the provisions of the Indenture, provided that any such
change or elimination shall not become effective with respect to any outstanding Notes created prior to the execution of such supplemental indenture which is entitled to the benefit of such provision; (h) to provide for the issuance of and
establish forms and terms and conditions of a new series of debt securities; (i) to issue additional Notes, provided that such additional Notes have the same terms as, and shall be deemed part of the same series as, the Notes to the extent
required under the Indenture; (j) to evidence and provide for the acceptance of appointment by a successor trustee with respect to the Notes and to add to or change any of the provisions of the Indenture as shall be necessary to provide for or
facilitate the administration of the trust by more than one trustee; (k) to add additional Events of Default with respect to Notes; and (l) to make any change that does not adversely affect any of its outstanding Notes in any material
respect. The Holders of a majority in principal amount of the outstanding Notes issued by the Company may waive any existing or past Default or Event of Default with respect to those Notes. Notwithstanding the foregoing, those Holders may not,
however, waive any Default or Event of Default in any payment on any Note. 
 The Indenture or the Notes or the Note Guarantee may be
amended or supplemented, and waivers may be obtained, with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes (including, without limitation, Additional Notes, if any) voting as a single
class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for, or purchase of, such Notes), and any existing Default or Event of Default (other than a Default or Event of Default in the payment of
the principal of, premium on, if any, interest or Additional Amounts, if any, on, such Notes, except a payment Default resulting from an acceleration that has been rescinded) or compliance with any provision of the Indenture or the Notes or the Note
Guarantee may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes (including, without limitation, Additional Notes, if any) voting as a single class (including, without limitation,
consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Notes). 

10.    Defaults and Remedies. If an Event of Default for the Company’s Notes occurs and is continuing (other
than an Event of Default referred to in Section 6.1(f) or (g) of the Base Indenture), the Trustee or the Holders of at least 25% in principal amount of the outstanding Notes may require the Company to pay immediately the principal amount
plus accrued and unpaid interest on such Notes. If an Event of Default referred to in Section 6.l(f) or (g) of the 

  
 A-8 

 
Base Indenture occurs with respect to the Company (or with respect to the Guarantor), the principal amount plus accrued and unpaid interest on the Company’s Notes will become immediately due
and payable without any action on the part of the Trustee or any Holder. 
 11.    Trustee May Hold Notes. The
Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company or any of its Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like
rights and duties. However, the Trustee is subject to Sections 7.10 and 7.11 of the Base Indenture. 
 12.    No
Personal Liability of Directors, Officers, Employees and Certain Others. No director, officer, employee, incorporator or similar founder, stockholder or member of the Company or the Guarantor, as such, will have any liability for or any
obligations of the Company or the Guarantor under the Indenture or the Notes, or the Note Guarantee or for any claim based on, in respect of or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the federal securities laws. 

13.    Discharge of Indenture. The Indenture contains certain provisions pertaining to discharge and defeasance,
which provisions shall for all purposes have the same effect as if set forth herein. 
 14.    Authentication.
This Note shall not be valid until the Trustee signs, by manual, facsimile or other electronic signature, the certificate of authentication attached to the other side of this Note. 

15.    Additional Amounts. The Company is obligated to pay Additional Amounts on this Note to the extent provided
in the Indenture. 
 16.    Abbreviations. Customary abbreviations may be used in the name of a Holder or an
assignee, such as: TEN COM(= tenants in common), TEN ENT(= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

Governing Law. THE INDENTURE, THIS NOTE AND THE NOTE GUARANTEE, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE
INDENTURE, THE NOTES OR THE NOTE GUARANTEE, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. 

THE APPLICATION OF THE PROVISIONS OF THE ARTICLES 470-1 TO
470-19 (INCLUSIVE) OF THE LUXEMBOURG LAW OF 10 AUGUST 1915 ON COMMERCIAL COMPANIES, AS AMENDED, IS HEREBY EXPRESSLY EXCLUDED. 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: (I) or (we) assign and transfer this Note to: 

 

	
	  

	 (Insert assignee’s legal
name)

  

	
	  

	(Insert assignee’s soc. Sec. or tax I.D. no.)
	  

	  

	  

	  
  

	  
 (Print or type
assignee’s name, address and zip code)

 and irrevocably appoint
                                     agent to transfer this
Note on the books of the Company. The agent may substitute another to act for him. 
 Date: __________ 

 

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

  

			
	Signature Guarantee:	 	
                

		 	(Signature must be guaranteed by a participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee))

  
 A-10 

 SCHEDULE OF INCREASES AND DECREASES IN THE GLOBAL NOTE 

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

 

									
	 Date of Increase or Decrease
	 	 Amount of decrease in
Principal Amount of

this Global Note
	 	 Amount of increase in Principal
Amount of

this Global Note
	 	 Principal Amount of this

Global Note
 following such

decrease (or increase)
	 	 Signature of

authorized officer

of Registrar

  
 A-11EX-10.1

 Exhibit 10.1 

Second Amendment to License Agreement 

This Second Amendment to License Agreement (“Second Amendment”), is made as of May 14, 2020 (“Effective
Date”) by and between Cue Biopharma, Inc. (“Licensee”) and MIL 21E, LLC (“Licensor”). 
 WHEREAS,
Licensor and Licensee are parties to a certain License Agreement dated January 19, 2018, as amended by a certain First Amendment to License Agreement dated June 18, 2018 (together, “Agreement”); 

WHEREAS, Licensee warrants and represents that, to the best of its knowledge, Licensor has fulfilled its obligations under the Agreement and
is not in default of any covenants or obligations contained in the Agreement; 
 WHERAS, Licensee and Licensor desire to amend the Agreement
in certain respects as set forth herein; and, 
 WHEREAS, all capitalized terms used herein but not defined herein shall have the meaning
ascribed to them in the Agreement. 
 For good and valuable consideration, the receipt and legal sufficiency of which are hereby
acknowledged, accepted and agreed to, Licensor and Licensee agree that the following shall be effective as of the Effective Date: 
 1. Section 2(a) of the
Agreement is modified by adding this new paragraph to the end of the Section: 
 The Term of the Agreement shall be extended by fourteen
(14) months (“Extended Term”) from April 14, 2021 and the Expiration Date of the Agreement shall be modified to June 14, 2022 (“Expiration Date”). 

2. The first paragraph of Section 3 of the Agreement is modified by adding this new paragraph to the end of the Section: 

The License Fee amount shall be modified for the Extended Term and Licensee shall pay a monthly license fee equal to $375,174.25
(“License Fee”) commencing on April 15, 2021, which shall be paid in advance on or before the first (1st) day of each and every month during the Extended Term. Licensee shall pay each License Fee payment by electronic payment
to Licensor. 
 3. Under the third paragraph of Section 3 of the Agreement Licensee paid $776,792.00 for the last two months of the Term. Such amount
shall now apply to the last two months of the Extended Term. 

  
 1 

 4. Ratification. As hereby amended, the Agreement is ratified, approved and confirmed in all
respects. In the event that any of the provisions of the Agreement are inconsistent with this Second Amendment or the state of facts contemplated hereby, the provisions of this Second Amendment shall control. Except as expressly set forth herein,
all other terms and conditions in the agreement remain unmodified. 
 IN WITNESS WHEREOF, Licensor and Licensee have duly executed
this Second Amendment as of the day and year first above written. 
  

									
	LICENSOR:	  		  	LICENSEE:
			
	MIL 21E, LLC	  		  	CUE BIOPHARMA, INC.
					
	By:	 	 /s/ Amrit Chaudhuri
	  	            	  	By:	 	 /s/ Daniel R. Passeri

	Name:	 	Amrit Chaudhuri	  		  	Name:	 	Daniel R. Passeri
	Title:	 	CEO	  		  	Title:	 	Chief Executive Officer

  
 2

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