Document:

Exhibit
10.2

 

EMPLOYMENT
AGREEMENT

 

This
Employment Agreement (“Agreement”) is entered into by and between Asia Equity Exchange Group, Inc, a Nevada company
(“Employer”), and Xiangyu Wang (“Employee”), to be effective on September 8, 2017 (the “Effective
Date”).

 

WHEREAS,
Employer is desirous of employing Employee pursuant to the terms and conditions and for the consideration set forth in this Agreement,
and Employee is desirous of entering the employ of Employer pursuant to such terms and conditions and for such consideration.

 

NOW,
THEREFORE, for and in consideration of the mutual promises, covenants, and obligations contained herein, Employer and Employee
agree as follows:

 

ARTICLE
1: EMPLOYMENT AND DUTIES

 

1.1.
Employer agrees to employ Employee, and Employee agrees to be employed by Employer, beginning as of the Effective Date and continuing
until September 7, 2018, and for additional consecutive one year periods thereafter (the “Term”) unless terminated
as provided herein and subject to the other terms and conditions of this Agreement.

 

1.2.
Beginning Effective Date, Employee shall be employed as Chief Executive Officer and President of Employer. Employee agrees to
serve in the assigned position and to perform diligently and to the best of Employee’s abilities the duties and services
appertaining to such position as determined by Employer, as well as such additional or different duties and services appropriate
to such position which Employee from time to time may be reasonably directed to perform by Employer. Employee shall at all times
comply with and be subject to such policies and procedures as Employer may establish from time to time.

 

1.3.
Employee shall, during the period of Employee’s employment by Employer, devote Employee’s full business time, energy,
and best efforts to the business and affairs of Employer. The foregoing notwithstanding, the parties recognize and agree that
Employee may engage in passive personal investments and other business activities, which do not conflict with the business and
affairs of the Employer or interfere with Employee’s performance of his duties hereunder.

 

1.4.
Employee acknowledges and agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in
the best interests of the Employer and to do no act which would intentionally injure Employer’s business, its interests,
or its reputation. Employee agrees that Employee shall not knowingly become involved in a conflict of interest with Employer,
or its affiliates, or upon discovery thereof, allow such a conflict to continue, except as approved by a majority of independent
members of Employer’s Board of Directors.

 

1.5.
Employee acknowledges and agrees that Employee is expressly prohibited from purchasing or selling securities of the Company based
on any material non-public information obtained during the course of performing services to the Company. In addition, Employee
is prohibited from informing, or “tipping,” any other person about such material information.

 

ARTICLE
2: COMPENSATION AND BENEFITS

 

2.1.
Employee’s initial base salary (the “Salary”) shall be $2,000 per month which shall be paid in accordance with
Employer’s standard payroll practice.

 

2.2.
From and after the Effective Date, Employer shall pay, or reimburse Employee, for all ordinary, reasonable and necessary expenses
which Employee incurs in performing his duties under this Agreement including, but not limited to, travel, entertainment, education,
professional dues and subscriptions, and all dues, fees and expenses associated with membership in various professional, business
and civic associations and societies of which Employee’s participation is in the best interest of Employer.

 

    	 	 	 

     

    

 

2.3.
While employed by Employer, Employee shall be allowed to participate, on the same basis generally as other employees of Employer,
in all general employee benefit and incentive plans and programs, including improvements or modifications of the same, which on
the effective date or thereafter are made available by Employer to all or substantially all of Employer’s employees. Such
benefits, plans, and programs may include, without limitation, medical, health, and dental care, life insurance, disability protection,
qualified retirement and equity incentive plans. Except as specifically provided herein, nothing in this Agreement is to be construed
or interpreted to provide greater rights, participation, coverage, or benefits under such benefit plans or programs than provided
to employees pursuant to the terms and conditions of such benefit plans and programs.

 

2.4.
Employer may withhold from any compensation, benefits, or amount payable under this Agreement all federal, state, city, or other
taxes as may be required pursuant to any law or governmental regulation or ruling.

 

ARTICLE
3: TERMINATION 

 

PRIOR
TO EXPIRATION OF TERM 

 

AND
EFFECTS OF SUCH TERMINATION

 

3.1.
Employee’s employment with Employer shall be terminated (i) upon the death of Employee, or (ii) upon Employee’s permanent
disability (permanent disability being defined as Employee’s physical or mental incapacity to perform his usual duties as
an employee with such condition to remain continuously and permanently for a period of 90 days).

 

3.2.
If Employee’s employment is terminated by reason of a “Voluntary Termination” (as hereinafter defined), the
death of Employee, or by the Employer for “Cause” (as hereinafter defined), all future compensation to which Employee
is otherwise entitled and all future benefits for which Employee is eligible shall cease and terminate as of the date of termination
as provided in this Section. Employee, or his estate in the case of Employee’s death, shall be entitled to base salary through
the date of such termination and shall be entitled to any individual bonuses or individual incentive compensation not yet paid
but due under Employer’s plans but shall not be entitled to any other payments by or on behalf of Employer except for those
which may be payable pursuant to the terms of Employer’s employee benefit plans (as hereinafter defined). For purposes of
this Section 3.2, a “Voluntary Termination” of the employment relationship by Employee prior to expiration of the
Term shall be a termination of employment in the sole discretion of and at the election of Employee, other than (i) a termination
of Employee’s employment because of a material breach by Employer of any material provision of this Agreement which remains
uncorrected for thirty (30) days following written notice of such breach by Employee to Employer or (ii) a termination of Employee’s
employment within six (6) months of a material reduction in Employees’ rank or responsibility with Employer. For purposes
of this Section 3.2, the term “Cause” shall mean any of (i) Employee’s gross negligence or willful misconduct
in the performance of the duties and services required of Employee pursuant to this Agreement; (ii) Employee’s final conviction
of a felony; or (iii) Employee’s material breach of any material provision of this Agreement which remains uncorrected for
thirty (30) days following written notice to Employee by Employer of such breach.

 

3.3.
If Employee’s employment is terminated for any reason other than as described in Section s 3.1 or 3.2 above during the Term,
Employer shall pay to Employee a severance benefit consisting of a single lump sum number of shares of common stock of the Company
equal to one year Salary due to Employee valued at average trading price of past thirty days prior to the termination date. Such
severance benefit shall be paid no later than sixty (60) days following Employee’s termination of employment. Employee shall
not be under any duty or obligation to seek or accept other employment following a termination of employment pursuant to which
severance benefit payments under this Section 3.3 are owing and the amounts due Employee pursuant to this Section 3.3 shall not
be reduced or suspended if Employee accepts subsequent employment or earns any amounts as a self-employed individual. Employee’s
rights under this Section 3.3 are Employee’s sole and exclusive rights against the Employer or its affiliates and the Employer’s
sole and exclusive liability to Employee under this Agreement, in contract, tort or otherwise, for the termination of his employment
relationship with Employer.

 

    	 	 	 

     

    

 

ARTICLE
4: MISCELLANEOUS

 

4.1.
For purposes of this Agreement, (i) the terms “affiliates” or “affiliated” means an entity who directly,
or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with Employer or in which
Employer has a 50% or more equity interest, and (ii) any action or omission permitted to be taken or omitted by Employer hereunder
shall only be taken or omitted by Employer upon the express authority of the Board of Directors of Employer or of any Committee
of the Board to which authority over such matters may have been delegated.

 

4.2.
For purposes of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed
to have been duly given when received by or tendered to Employee or Employer, as applicable, by pre-paid courier or by United
States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: (i) If to Employer, to current
corporate headquarters to the attention of the General Counsel of Company. (ii) If to Employee, to his last known personal residence.

 

4.3.
This Agreement shall be governed in all respects by the laws of the State of New York, excluding any conflict-of-law rule or principle
that might refer to the laws of another State or country.

 

4.4.
No failure by either party hereto at any time to give notice of any breach by the other party of or to require compliance with,
any condition or provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the
same or at any prior or subsequent time.

 

4.5.
It is a desire and intent of the parties that the terms, provisions, covenants, and remedies contained in this Agreement shall
be enforceable to the fullest extent permitted by law. If any such term, provision, covenant, or remedy of this Agreement or the
application thereof to any person, association, or entity or circumstances shall, to any extent, be construed to be invalid or
unenforceable in whole or in part, then such term, provision, covenant, or remedy shall be construed in a manner so as to permit
its enforceability under the applicable law to the fullest extent permitted by law. In any case, the remaining provisions of this
Agreement or the application thereof to any person, association, or entity or circumstances other than those to which they have
been held invalid or unenforceable, shall remain in full force and effect.

 

4.6.
This Agreement shall be binding upon and inure to the benefit of Employer and any other person, association, or entity which may
hereafter acquire or succeed to all or substantially all of the business or assets of Employer by any means whether direct or
indirect, by purchase, merger, consolidation, or otherwise. Employee’s rights and obligations under this Agreement are personal
and such rights, benefits, and obligations of Employee shall not be voluntarily or involuntarily assigned, alienated, or transferred,
whether by operation of law or otherwise, without the prior written consent of Employer, other than in the case of death or incompetence
of Employee.

 

4.7.
This Agreement replaces and merges any previous agreements and discussions pertaining to the subject matter covered herein. This
Agreement constitutes the entire agreement of the parties with regard to such subject matter, and contains all of the covenants,
promises, representations, warranties, and agreements between the parties with respect such subject matter. Each party to this
Agreement acknowledges that no representation, inducement, promise, or agreement, oral or written, has been made by either party
with respect to such subject matter, which is not embodied herein, and that no agreement, statement, or promise relating to the
employment of Employee by Employer that is not contained in this Agreement shall be valid or binding. Any modification of this
Agreement will be effective only if it is in writing and signed by each party whose rights hereunder are affected thereby, provided
that any such modification must be authorized or approved by the Board of Directors of Employer.

 

[Intentionally
left blank below]

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, Employer and Employee have duly executed this Agreement as of the Effective Date.

 

	Asia
    Equity Exchange Group, Inc.	 
	 	 
	/s/
    Jun Liu	 
	Jun
    Liu 	 
	CEO,
    President, Director and Chairman of Board	 

 

	EMPLOYEE	 
	 	 
	/s/
    Xiangyu Wang	 
	Xiangyu
    WangEX-4.1

 Exhibit 4.1 

SECOND SUPPLEMENTAL INDENTURE 

Dated as of September 14, 2017 

among 
 GENERAL DYNAMICS
CORPORATION 
 and 
 THE
GUARANTORS 
 and 
 THE
BANK OF NEW YORK MELLON 
 as Trustee 

to the 
 INDENTURE 

Dated as of March 24, 2015 

Providing for the issuance of 

2.375% Notes due 2024 
 2.625%
Notes due 2027 

 THIS SECOND SUPPLEMENTAL INDENTURE, dated as of September 14, 2017 (this
“Second Supplemental Indenture”), among General Dynamics Corporation, a Delaware corporation (the “Company”), the Guarantors (as defined herein) and The Bank of New York Mellon, a New York banking corporation, as
trustee (the “Trustee”) to the Indenture, dated as of March 24, 2015 (the “Base Indenture”), among the Company, the guarantors named therein and the Trustee. 

WHEREAS, the Company, the Guarantors and the Trustee have heretofore executed and delivered the Base Indenture to provide for the issuance
from time to time of Securities (as defined in the Base Indenture) of the Company, to be issued in one or more series; 
 WHEREAS,
Section 9.01(5) of the Base Indenture provides, among other things, that the Company and the Trustee may enter into indentures supplemental to the Base Indenture for, among other things, the purpose of establishing the designation, form, terms
and provisions of Securities of any series as provided by Articles 2 and 3 of the Base Indenture; 
 WHEREAS, the Company
(i) desires the issuance of two new series of Securities to be known as its “2.375% Notes due 2024” (the “2024 Notes”) and its “2.625% Notes due 2027” (the “2027 Notes” and, together with
the 2024 Notes, the “Notes”) and (ii) has requested the Trustee to enter into this Second Supplemental Indenture for the purpose of establishing the designation, form, terms and provisions of the Securities of each such
series; 
 WHEREAS, all action on the part of the Company necessary to authorize the issuance of said Securities under the Base
Indenture and this Second Supplemental Indenture has been duly taken; 
 WHEREAS, all acts and requirements necessary to make this Second
Supplemental Indenture the legal, valid and binding obligation of the Company have been done. 
 NOW, THEREFORE, THIS SECOND SUPPLEMENTAL
INDENTURE WITNESSETH: 
 That, in order to establish the designation, form, terms and provisions of, and to authorize the authentication and
delivery of, said Securities, and in consideration of the acceptance of said Securities by the Holders thereof and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows: 

 ARTICLE 1 

DEFINITIONS 
 (a)
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Base Indenture. 

(b) The rules of interpretation set forth in the Base Indenture shall be applied hereto as if set forth in full herein. 

(c) For all purposes of this Second Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires,
the following terms shall have the following respective meanings (such meanings shall apply equally to both the singular and plural forms of the respective terms). 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as
having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Notes. 
 “Comparable Treasury Price” means, with respect to any
Redemption Date for the Notes, the average of the Reference Treasury Dealer Quotations obtained by the Company for that applicable Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or, if the
Company obtains fewer than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations obtained by the Company. 

“Guarantors” means, initially, American Overseas Marine Company, LLC, a Delaware limited liability company, Bath Iron
Works Corporation, a Maine corporation, Electric Boat Corporation, a Delaware corporation, General Dynamics Government Systems Corporation, a Delaware corporation, General Dynamics Land Systems Inc., a Delaware corporation, General Dynamics Ordnance
and Tactical Systems, Inc., a Virginia corporation, General Dynamics-OTS, Inc., a Delaware corporation, Gulfstream Aerospace Corporation, a Delaware corporation, and National Steel and Shipbuilding Company, a Nevada corporation. 

“Independent Investment Banker” means one of the Reference Treasury Dealers, to be appointed by the Company.

 “Notes” shall have the meaning ascribed thereto in the recitals hereof. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date,
the average, as determined by the Company, 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 Company by such Reference Treasury Dealer at
3:30 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

  
 2 

 “Reference Treasury Dealer” means each of (i) J.P. Morgan Securities
LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, and their respective successors; and (ii) three other primary U.S. Government securities dealers (each a “Primary Treasury Dealer”) selected by the Company,
and their respective successors. If any of the foregoing ceases to be a Primary Treasury Dealer, the Company will appoint in its place another nationally recognized investment banking firm that is a Primary Treasury Dealer. 

“Remaining Scheduled Payments” means, with respect to each Note that the Company is redeeming, the remaining scheduled
payments of the principal thereof and interest thereon that would be due after the related Redemption Date if such Note were not redeemed. However, if the Redemption Date is not a scheduled interest payment date with respect to that Note, the amount
of the next succeeding scheduled interest payment on that Note will be deemed to be reduced by the amount of interest accrued on such Note to the Redemption Date. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual 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 that Redemption Date. The Treasury Rate
will be calculated on and as of the third Business Day immediately preceding the Redemption Date. 
 ARTICLE 2 

GENERAL TERMS AND CONDITIONS OF THE
NOTES 
 Section 2.01. Designation and Principal Amount. 

(a) There is hereby authorized a new series of Securities designated the 2.375% Notes due 2024. The aggregate principal amount of the 2024
Notes authorized by this Second Supplemental Indenture shall initially be $500,000,000. 
 (b) There is hereby authorized a new series of
Securities designated the 2.625% Notes due 2027. The aggregate principal amount of the 2027 Notes authorized by this Second Supplemental Indenture shall initially be $500,000,000. 

(c) The Notes may be issued from time to time upon written order of the Company to the Trustee for the authentication and delivery of the Notes
pursuant to Section 3.03 of the Base Indenture. 
 (d) The Notes shall have and be subject to such other terms as provided in the Base
Indenture and shall be evidenced by one or more Securities of that series in the form of Section 4.01 of this Second Supplemental Indenture. 

  
 3 

 (e) The Notes shall be issuable in denominations of $2,000 and integral multiples of $1,000 above
that amount. 
 Section 2.02. Maturity. 

(a) The date upon which the 2024 Notes shall become due and payable at final maturity, together with any accrued and unpaid interest, is
November 15, 2024. 
 (b) The date upon which the 2027 Notes shall become due and payable at final maturity, together with any accrued
and unpaid interest, is November 15, 2027. 
 Section 2.03. Interest. 

(a) The 2024 Notes will bear interest at the rate of 2.375% per annum from September 14, 2017, until the principal thereof becomes
due and payable. 
 (b) The 2027 Notes will bear interest at the rate of 2.625% per annum from September 14, 2017, until the
principal thereof becomes due and payable. 
 (c) Interest on the Notes will be payable semi-annually in arrears on the Interest Payment
Dates (as defined in the Base Indenture) with respect to the Notes, which shall be May 15 and November 15 of each year, commencing May 15, 2018, to the Person in whose name any such Note or any predecessor Note is registered, at the
close of business on the Regular Record Date with respect to the Notes for such interest installment, which, in the case of a Global Security, shall be the close of business on the May 1 and November 1 next preceding such Interest
Payment Date. If the Notes are no longer in book-entry only form, the Regular Record Dates for the Notes shall also be the close of business on the May 1 and November 1 next preceding such Interest Payment Date. 

(d) In the event that any Interest Payment Date with respect to the Notes is not a Business Day, then payment of interest payable on such date
will be made on the next succeeding day which is a Business Day, with the same force and effect as if made on such date, and no interest shall accrue on the amount so payable from the period from and after such Interest Payment Date. 

Section 2.04. Global Securities. 

Each series of Notes shall be issued in the form of one or more Global Securities in an aggregate principal amount equal to the aggregate
principal amount of all outstanding Notes of that series, to be registered in the name of the Depository, or its nominee, and delivered by the Trustee to or upon the order of the Depository for crediting to the accounts of its participants pursuant
to the written instructions of the Company. The Company upon any such presentation shall execute one or more Global Securities in such aggregate principal amount and deliver the same to the Trustee for authentication and delivery in accordance with
the Base Indenture and this Second Supplemental Indenture. Payments on Notes issued as one or more Global Securities will be made to the Depository. 

  
 4 

 ARTICLE 3 

REDEMPTION OF THE NOTES 

Section 3.01. Optional Redemption of the Notes. 

(a) The Company may, at its option, at any time and from time to time, redeem any series of the Notes issued under this Second
Supplemental Indenture, in whole or in part, upon payment of a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present
values of the Remaining Scheduled Payments 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 10 basis points in the case of the 2024 Notes and 15 basis
points in the case of the 2027 Notes; provided that (i) if the Company redeems any 2024 Notes on or after September 15, 2024 (two months prior to the maturity date of the 2024 Notes) and (ii) if the Company redeems any 2027 Notes on
or after August 15, 2027 (three months prior to the maturity date of the 2027 Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include, in
each case, accrued but unpaid interest, if any, on the principal amount of Notes being redeemed to but excluding the Redemption Date. 

(b) With respect to the Notes, all references to Redemption Price in the Base Indenture shall mean Redemption Price as defined in this Second
Supplemental Indenture. 
 Section 3.02. No Sinking Fund. 

The Notes are not entitled to the benefit of any sinking fund. 

ARTICLE 4 
 FORM
OF NOTES 
 Section 4.01. Form of Note. 

The Notes and the Trustee’s certificate of authentication thereon shall be substantially in the respective forms set forth in Exhibits A
and B hereto. 

  
 5 

 ARTICLE 5 

ORIGINAL ISSUE OF NOTES 

Section 5.01. Original Issue of Notes: Further Issuances. 

(a) Each of the 2024 Notes having an initial aggregate principal amount of $500,000,000 and the 2027 Notes having an initial aggregate
principal amount of $500,000,000 may, upon execution of this Second Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said series of Notes to
or upon the written order of the Company pursuant to Section 3.03 of the Base Indenture without any further action of the Company. 

(b) The Company may, from time to time, create and issue additional Notes due 2024 and Notes due 2027 under this Second Supplemental Indenture
ranking equally and ratably with the outstanding Notes due 2024 and Notes due 2027, respectively, in all respects (or in all respects except for the payment of interest accruing prior to the issue date of such additional series of Notes or except
for the first payment of interest following the issue date of such additional series of Notes) without notice to or the consent of the Holders of outstanding Notes of such series. The initially issued 2024 Notes and 2027 Notes and any additional
2024 Notes or 2027 Notes subsequently issued shall be consolidated and form a single series with the outstanding 2024 Notes and 2027 Notes, respectively, for all purposes of this Second Supplemental Indenture and shall have the same terms as to
status, redemption or otherwise as the outstanding Notes of such series, and, provided the additional 2024 Notes and 2027 Notes are fungible with the outstanding 2024 Notes and 2027 Notes, respectively, for U.S. federal income tax purposes, the same
CUSIP number as the outstanding Notes of such series. Any such additional series of Notes referred to in this Section 5.01 will be issued under a further supplemental indenture. 

ARTICLE 6 

MISCELLANEOUS 

Section 6.01. Ratification of Base Indenture. 

The Base Indenture, as supplemented by this Second Supplemental Indenture, is in all respects ratified and confirmed, and this Second
Supplemental Indenture shall be deemed part of the Base Indenture in the manner and to the extent herein and therein provided. 

Section 6.02. Trustee Not Responsible for Recitals. 

The recitals contained herein and in the Notes, except with respect to the Trustee’s certificates of authentication, shall be taken as the
statements of the Company, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental Indenture or of the Notes. 

  
 6 

 Section 6.03. Governing Law. 

THIS SECOND SUPPLEMENTAL INDENTURE AND EACH NOTE OF EACH SERIES CREATED HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 
 Section 6.04. Separability.

 In case any one or more of the provisions contained in this Second Supplemental Indenture or in any series of the Notes shall for any
reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Second Supplemental Indenture or of any series of the Notes, but this Second
Supplemental Indenture and any series of the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 

Section 6.05. Counterparts. 

This Second Supplemental Indenture may be executed in any number of counterparts, each of which when so executed shall be deemed to be an
original, but all such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Second Supplemental Indenture and of signature pages by facsimile or electronic format (i.e. “pdf” or
“tif”) transmission shall constitute effective execution and delivery of this Second Supplemental Indenture as to the parties hereto and may be used in lieu of the original Second Supplemental Indenture for all purposes. Signatures of the
parties hereto transmitted by facsimile or electronic format (i.e. “pdf” or “tif”) shall be deemed to be their original signatures for all purposes. 

  
 7 

 IN WITNESS WHEREOF, the parties have caused this Second Supplemental Indenture to be duly
executed by their respective officers thereunto duly authorized as of the date first above written. 
  

			
	GENERAL DYNAMICS CORPORATION
	 AMERICAN OVERSEAS MARINE
COMPANY, LLC

		
	Each by:	 	 /s/ David H. Fogg

		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer
	
	BATH IRON WORKS CORPORATION
	ELECTRIC BOAT CORPORATION
	GENERAL DYNAMICS GOVERNMENT
	     SYSTEMS CORPORATION

	GENERAL DYNAMICS LAND
	     SYSTEMS INC.

	GENERAL DYNAMICS ORDNANCE
	AND TACTICAL SYSTEMS, INC.
	GENERAL DYNAMICS-OTS, INC.
	GULFSTREAM AEROSPACE
	     CORPORATION

	NATIONAL STEEL AND
	     SHIPBUILDING COMPANY

		
	Each by:	 	 /s/ David H. Fogg

		 	Name: David H. Fogg
		 	Title:   Treasurer

 [Signature Page to the Second Supplemental Indenture] 

 
			
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:	 	 /s/ Laurence J. O’Brien

		 	Name: Laurence J. O’Brien
		 	Title:   Vice President

 [Signature Page to the Second Supplemental Indenture] 

 EXHIBIT A 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	  	CUSIP: 369550AY4
		  	ISIN: US369550AY45

$[                    ] 

GENERAL DYNAMICS CORPORATION 

2.375% Notes Due 2024 

GENERAL DYNAMICS CORPORATION, a corporation duly organized and existing under the laws 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 [        ] or its registered
assigns, the principal sum of [    ] ($[    ]) on November 15, 2024, and to pay interest thereon from and including September 14, 2017 or from and including the most recent Interest Payment Date (as
hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 
 Interest will be paid
semi-annually on May 15 and November 15 of each year (each, an “Interest Payment Date”), commencing May 15, 2018, at the rate of 2.375% per annum, until the principal hereof is paid or made available for payment.
The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business
on the Regular Record Date for such interest, which shall be the May 1 and November 1, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. Payment of the principal of and
interest on this Note will be made at the offices or agencies of the Company maintained for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of
the Company, interest on this Note may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the
United States. Interest on overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 2.375% per annum. Interest on this Note shall be computed on the basis of
a 360-day year of twelve 30-day months. 

 Reference is made to the further provisions set forth on the reverse hereof. Such further
provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be entitled to any
benefit under the Indenture, or be valid or obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 

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. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on this 14th day of September, 2017. 
  

			
	GENERAL DYNAMICS CORPORATION
		
	By:	 	
                     
        

		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	Attest:
		
	By:	 	
                     
                                        

		 	Name: Julie P. Aslaksen
		 	Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the Notes due 2024 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                     	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	
                     
    

		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF NOTE DUE 2024) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”),
all issued or to be issued under and pursuant to an Indenture dated as of March 24, 2015 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York
Mellon, as trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of September 14, 2017, by and among the Company, the Guarantors named therein and the Trustee (the Base
Indenture, as so supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects
as provided in the Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption
price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments 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 10 basis points; provided that if the Company redeems any Notes on or after September 15, 2024 (two months prior to the maturity
date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include accrued but unpaid interest, if any, on the principal amount of the Notes
being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and
accrued interest. 
 Any redemption pursuant to the preceding paragraph will be made upon not less than 30 nor more than 60
days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon the giving of such notice, such Notes are deemed to have been
paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or prior to the Redemption Date, of money sufficient to pay the
principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not be required to

 
redeem such Notes. In the event that such notice of redemption contains such a condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter
notice shall be given, in the manner in which the notice of redemption was given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly
return to the Holders thereof any of such Notes that had been surrendered for payment upon such redemption. 
 If the Notes are only
partially redeemed, the Notes to be redeemed shall be selected in accordance with the procedures of the Depository or, in the absence of any such provision, by such method as the Trustee shall deem fair and appropriate. The Redemption Price shall be
paid prior to 12:00 noon, New York time, on the Redemption Date or such earlier time as the Company determines, provided that the Company shall deposit with the Trustee or with a Paying Agent an amount sufficient to pay the Redemption Price by 10:00
a.m., New York time, on the date such Redemption Price is to be paid. 
 In the event of redemption of this Note in part only, a new Note or
Notes of this series for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 In
case an Event of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to
the conditions provided in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent
(including consents obtained in connection with a tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding,
as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any
manner the rights of the Holders of the Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the
rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of
which are required to consent to any such supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in
aggregate principal amount of the Notes of any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture 

 
with respect to such series and its consequences, except, among other things, a default not theretofore cured in the payment of the principal of or premium, if any, or interest on any of the
Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in
exchange therefor or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note at the time and place and at the rate and in the money herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable by the registered Holder hereof
on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written instrument or instruments of transfer in form
satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and for the same aggregate principal
amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in
relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the Company, the Trustee, any paying agent, the
Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing
hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Company nor the Trustee
nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in denominations of
$2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and subject to certain
limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder surrendering the same. 

All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

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

Please insert Taxpayer Identification No.: 
  

Please print or typewrite name and address including  

zip code of assignee: 
  

the within Note and all rights thereunder, hereby irrevocably constituting and
appointing                     attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

 

			
	By:	 	
                     
                

		
	Date:	 	  

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of Exchange	  	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
Signatory of Trustee

 EXHIBIT B 

[TO BE INSERTED ON GLOBAL SECURITIES] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON OTHER THAN THE DEPOSITORY TRUST
COMPANY OR CEDE & CO. IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART,
TO NOMINEES OF THE DEPOSITORY TRUST COMPANY OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE
INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

			
	No. [    ]	  	CUSIP: 369550AZ1
		  	ISIN: US369550AZ10

$[                    ] 

GENERAL DYNAMICS CORPORATION 

2.625% Notes Due 2027 

GENERAL DYNAMICS CORPORATION, a corporation duly organized and existing under the laws 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 [        ] or its registered
assigns, the principal sum of [    ] ($[    ]) on November 15, 2027, and to pay interest thereon from and including September 14, 2017 or from and including the most recent Interest Payment Date (as
hereinafter defined) to which interest has been paid or duly provided for, as the case may be. 
 Interest will be paid
semi-annually on May 15 and November 15 of each year (each, an “Interest Payment Date”), commencing May 15, 2018, at the rate of 2.625% per annum, until the principal hereof is paid or made available for payment.
The interest so payable and punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business
on the Regular Record Date for such interest, which shall be the May 1 and November 1, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so
punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) in any other
lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. Payment of the principal of and
interest on this Note will be made at the offices or agencies of the Company maintained for such purpose in the Borough of Manhattan, The City of New York; provided that, unless otherwise provided in or pursuant to the Indenture, at the option of
the Company, interest on this Note may be paid by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or by wire transfer to an account maintained by the payee with a bank located in the
United States. Interest on overdue principal and (to the extent permitted by applicable law) on overdue installments of interest shall accrue at the rate of 2.625% per annum. Interest on this Note shall be computed on the basis of a 360-day
year of twelve 30-day months. 

 Reference is made to the further provisions set forth on the reverse hereof. Such further
provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be entitled to any
benefit under the Indenture, or be valid or obligatory, until the Certificate of Authentication hereof shall have been duly signed by the Trustee acting under the Indenture. 

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. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on this 14th day of
September, 2017. 
  

			
	GENERAL DYNAMICS CORPORATION
		
	By:	 	
                     
            

		 	Name: David H. Fogg
		 	Title:   Vice President and Treasurer

  

			
	Attest:
		
	By:	 	
                     
                

		 	Name: Julie P. Aslaksen
		 	Title:   Assistant Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the Notes due 2027 herein referred to in the within-mentioned Indenture. 

 

							
	Dated:                     	 		 	 THE BANK OF NEW YORK MELLON,
 as
Trustee

				
		 		 	By:	 	
                     
                

		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF NOTE DUE 2027) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”),
all issued or to be issued under and pursuant to an Indenture dated as of March 24, 2015 (the “Base Indenture”), duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York
Mellon, as trustee (the “Trustee”), as supplemented to date, including by the Second Supplemental Indenture dated as of September 14, 2017, by and among the Company, the Guarantors named therein and the Trustee (the Base
Indenture, as so supplemented, the “Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company, the Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects
as provided in the Indenture. This series of Notes is initially offered in aggregate principal amount as specified in said Second Supplemental Indenture. 

The Company at its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption
price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments 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 15 basis points; provided that if the Company redeems any Notes on or after August 15, 2027 (three months prior to the maturity
date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include accrued but unpaid interest, if any, on the principal amount of the Notes
being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and
accrued interest. 
 Any redemption pursuant to the preceding paragraph will be made upon not less than 30 nor more than 60
days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. With respect to any notice of redemption of Notes at the election of the Company, unless, upon the giving of such notice, such Notes are deemed to have been
paid in accordance with Section 4.01 of the Base Indenture, such notice may state that such redemption shall be conditional upon the receipt by the Paying Agent for such Notes, on or prior to the Redemption Date, of money sufficient to pay the
principal of and premium, if any, and interest, if any, on such Notes and that if such money has not been so received such notice shall be of no force or effect and the Company shall not be required to redeem such Notes. In the event that such
notice of redemption contains such a 

 
condition and such money is not so received the redemption shall not be made and within a reasonable time thereafter notice shall be given, in the manner in which the notice of redemption was
given, that such money was not so received and such redemption was not required to be made, and the Paying Agent for the Notes otherwise to have been redeemed shall promptly return to the Holders thereof any of such Notes that had been surrendered
for payment upon such redemption. 
 If the Notes are only partially redeemed, the Notes to be redeemed shall be selected in accordance with
the procedures of the Depository or, in the absence of any such provision, by such method as the Trustee shall deem fair and appropriate. The Redemption Price shall be paid prior to 12:00 noon, New York time, on the Redemption Date or such earlier
time as the Company determines, provided that the Company shall deposit with the Trustee or with a Paying Agent an amount sufficient to pay the Redemption Price by 10:00 a.m., New York time, on the date such Redemption Price is to be paid. 

In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof will be issued in
the name of the Holder hereof upon the cancellation hereof. 
 In case an Event of Default, as defined in the Indenture, shall have occurred
and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

The Indenture contains provisions permitting the Company and the Trustee, with the consent (including consents obtained in connection with a
tender offer for or in exchange of Notes) of the Holders of not less than a majority in aggregate principal amount of the Notes of each series affected (voting as one class) at the time outstanding, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the
Notes; provided, however, that no such supplemental indenture shall, among other things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such
supplemental indenture, without the consent of the Holders of each Note then outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of not less than a majority in aggregate principal amount of the Notes of
any series at the time outstanding, on behalf of all of the Holders of all of the Notes of such series, to waive any past default under the Indenture with respect to such series and its consequences, except, among other things, a

 
default not theretofore cured in the payment of the principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless
revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note. 
 No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note at the time and place and at
the rate and in the money herein prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Notes of authorized
denominations and for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent, the Security Registrar and any other agent of the Company or the Trustee may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and
notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other
purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar nor any other agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse or liability shall be had for the payment of the principal of, premium, if any, or the interest on this Note, or for any claim for
any obligation, covenant or agreement, or for any claim based on, in respect of or by reason of such obligations, covenants or agreements or their creation under the Indenture, against any past, present or future director, officer, stockholder or
employee, as such, of the Company or any of its Affiliates or any successor corporation, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released. 

 The Notes of this series are issuable only in registered form without coupons in denominations of
$2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and subject to certain
limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder surrendering the same. 

All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

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

Please insert Taxpayer Identification No.: 
  

Please print or typewrite name and address including  

zip code of assignee: 
  

the within Note and all rights thereunder, hereby irrevocably constituting and
appointing                     attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

 

			
	By:	 	
                     
                

		
	Date:	 	  

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

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

 

									
	Date of Exchange	  	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
Signatory of Trustee

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