Document:

Form of senior debt security--medium -term note

 Exhibit 4.01 
  

			
	REGISTERED No. R-1	  	PRINCIPAL AMOUNT: $20,000,000.00
	CUSIP NO. 5249083F5	  	ISIN NO. US5249083F58

 LEHMAN BROTHERS HOLDINGS INC. 
 MEDIUM-TERM NOTE, SERIES I 
 PERFORMANCE LINKED TO THE VALUE OF A COMMON STOCK, A

 STOCK INDEX, AN EXCHANGE TRADED FUND, A BASKET OF COMMON STOCKS OR A BASKET OF STOCK INDICES 
 If the registered owner of this Note (as indicated below) is The Depository Trust Company (the “Depository”) or a nominee of the Depository,
this Note is a Note in global form (a “Global Security”) and the following legends are applicable except as specified on the reverse hereof: 
 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE
INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF
THE DEPOSITORY OR A NOMINEE OF THE DEPOSITORY. UNLESS THIS CERTIFICATE
IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55
WATER STREET, NEW YORK, NEW YORK) TO THE COMPANY (AS DEFINED BELOW)
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 REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO.,
ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY
OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE
& CO., HAS AN INTEREST HEREIN. 
 UNLESS
AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES
IN CERTIFICATED FORM (A “CERTIFICATED NOTE”), THIS GLOBAL SECURITY MAY NOT
BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE
OF THE DEPOSITORY OR BY A NOMINEE OF THE DEPOSITORY TO THE
DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY
OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF
SUCH SUCCESSOR DEPOSITORY. 

					
	 ISSUE PRICE: 100% of the Principal Amount
  
 AGGREGATE PRINCIPAL AMOUNT: $20,000,000.00
  
 AUTHORIZED DENOMINATIONS:
 $1,000 and integral multiples thereof
  
 ISSUE DATE: October 16, 2007
  
 STATED MATURITY DATE:
 August 17, 2014
  
 VALUATION DATE RELATED TO THE
STATED MATURITY DATE:
 August 13, 2014
  
 INTEREST RATE: 1.00% per annum
  
 ACCRUE TO PAY:
  ̈
YES    x NO
  
 INTEREST PAYMENT
DATES: Semi-annually, on February 17 and August 17 of each year, beginning on February 17, 2008
  
 REGULAR RECORD DATES: 15 calendar days prior to each Interest Payment Date
  
 REFERENCE EQUITY: Common Stock of Intel Corporation
  
 INITIAL MULTIPLIER(S): 1.0
  
 INITIAL BASE DIVIDEND: $0.1125
  
 MULTIPLIER ADJUSTMENT DATES FOR CHANGES IN DIVIDENDS: The first Business Day immediately following
the 18th day of each of December, March, June and September and the Valuation Date, as applicable with the first effective adjustment date for adjusting the Multiplier to be December 19, 2007
  
 INDEX WEIGHTS: N/A
  
 THRESHOLD VALUE: $27.4373
  
 DETERMINATION PERIOD: Three Business Days
  
 DEPOSITORY:
The Depository Trust Company
  
 Currency Exchanges and Payments

 
 SPECIFIED CURRENCY: N/A
  
 EXCHANGE RATE AGENT: N/A
	  	 Redemption
  
 REDEEMABLE NOTE:
 xYES     ̈ NO
  
 INITIAL REDEMPTION DATE:
 August 10, 2010
  
 REDEMPTION NOTICE PERIOD:
 30 calendar days
  
 Sinking Funds and Amortizing
Notes
  
 SINKING FUND: No
  
 AMORTIZING NOTE:
  ̈ YES    x NO
  
 Optional Repurchase
  
 OPTIONAL REPURCHASE:
 x YES     ̈NO
  
 OPTIONAL REPURCHASE CUTOFF PERIOD: Eight Business Days
  
 Stock Settlement
  
 STOCK SETTLEMENT:
 x YES     ̈NO
  
 AT MATURITY:
 x YES     ̈
 NO
  
 AT OPTION OF THE COMPANY:
 x YES     ̈NO
  
 AT OPTION OF THE HOLDER:
  ̈YES    x NO
  
 MANDATORY:
  ̈
YES    xNO
  
 UPON
REPURCHASE:
 x YES     ̈NO
  
 AT OPTION
OF THE COMPANY:
  ̈ YES    xNO
  
 AT OPTION OF THE HOLDER:
  ̈ YES    x NO
  
 MANDATORY:
 x YES     ̈NO
  
 Optional Interest Reset
  
 OPTIONAL INTEREST RATE RESET:
  ̈YES     xNO
  
 OPTIONAL RESET DATES: N/A
	  	 Discount Notes
  
 DISCOUNT NOTE:
  ̈
 YES    x NO
  
 TOTAL AMOUNT OF DISCOUNT: N/A
  
 YIELD TO MATURITY: N/A

  
 INITIAL ACCRUAL PERIOD
 DISCOUNT: N/A
  
 DISCOUNT NOTE PREPAYMENT
 AMOUNT: N/A
  
 Dual Currency Notes
  
 DUAL CURRENCY NOTE:
  ̈ YES     x NO
  
 OPTIONAL PAYMENT
 CURRENCY: N/A
  
 DESIGNATED EXCHANGE
 RATE: N/A
  
 OPTION ELECTION DATES: N/A
  
 OPTION TO RECEIVE PAYMENTS
 IN THE SPECIFIED CURRENCY:
  ̈YES    x NO
  
 OPTION VALUE CALCULATION
 AGENT: N/A
  
 DUAL CURRENCY NOTE PREPAYMENT AMOUNT: N/A

  
 Extension of Maturity Notes
  
 EXTENSION OF MATURITY NOTE:
  ̈ YES    x NO
  
 EXTENSION PERIOD: N/A
 NUMBER OF EXTENSION PERIODS: N/A
  
 Extendible
Notes
  
 EXTENDIBLE NOTE:
  ̈ YES     x NO
  
 INITIAL MATURITY DATE: N/A
  
 SPECIAL ELECTION INTERVAL: N/A
  
 EXTENDIBLE IN PART:
  ̈ YES    x NO
  
 AUTHORIZED EXTENDIBLE AMOUNTS: N/A
  
 SPECIAL ELECTION PERIOD: N/A

  

					
	 Tax Matters
  
 COMPARABLE YIELD: 5.5738% per annum
  
 PROJECTED PAYMENT SCHEDULE: $3.36 on February 17, 2008, $5.00 semi-annually thereafter and $1,379.32 due on the Stated Maturity Date (which includes the final interest payment).
  
 Miscellaneous
  
 OTHER TERMS:
	 		 	

 LEHMAN BROTHERS HOLDINGS INC., a corporation duly organized and existing under the laws of the State of
Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to CEDE & Co., or registered assigns, on the
Stated Maturity Date, for each $1,000 principal amount of the Notes represented hereby not previously repurchased or redeemed, an amount equal to the Maturity Payment Amount and, if so specified above, to pay interest on the principal amount hereof
from the Issue Date specified above or from the most recent Interest Payment Date specified above to which interest has been paid or duly provided for at the Interest Rate specified above until the amount due on the Stated Maturity Date, the
Optional Repurchase Date or the Redemption Date, as the case may be, is paid in full or made available for payment and (to the extent that the payment of such interest shall be legally enforceable) at such rate per annum on any overdue Payment
Amount, premium, if any, and overdue installment of interest. 
 Unless otherwise specified above, and except as provided in Section 9
on the reverse hereof if this Note is a Dual Currency Note, payments of the applicable Payment Amount, premium, if any, and interest hereon will be made in U.S. dollars; if the Specified Currency set forth above is a currency other than U.S. dollars
(a “Foreign Currency”), such payments will be made in U.S. dollars based on the equivalent of that Foreign Currency converted into U.S. dollars in the manner set forth in Section 2 on the reverse hereof. If the Specified Currency is a
Foreign Currency and it is so provided above, the Holder may elect to receive such payments in that Foreign Currency by delivery of a written request to the Trustee (or to any duly appointed Paying Agent) at the Corporate Trust Office (as defined
below) not later than 10 calendar days prior to the applicable payment date, and such election will remain in effect for the Holder until revoked by written notice to the Trustee (or to any such Paying Agent) at the Corporate Trust Office received
not later than 10 calendar days prior to the applicable payment date; provided, however, no such election or revocation may be made if, with respect to this Note, (i) an Event of Default has occurred, (ii) the Company has
exercised any discharge or defeasance options or (iii) the Company has given a notice of redemption. In the event the Holder makes any such election pursuant to the preceding sentence, such election will not be effective on any transferee of
such Holder and such transferee shall be paid in U.S. dollars unless such transferee makes an election pursuant to the preceding sentence; provided, however, that such election, if in effect while funds are on deposit with the Trustee
to satisfy and discharge this Note, will be effective on any such transferee unless otherwise specified above. 
 Except as provided in the
following paragraph, the Company will pay interest on the Interest Payment Dates specified above, commencing with the first Interest Payment Date next succeeding the Issue Date, and on the applicable Principal Payment Date; provided that any
payment of the Payment Amount, premium, if any, or interest to be made on any Interest Payment Date or on the Principal Payment Date that is not a Business Day shall be made on the next succeeding Business Day, unless the next succeeding Business
Day falls in the next calendar month, in which case payment will be made on the first preceding Business Day, in each case with the same force and effect as if made on such Interest Payment Date or such Principal Payment Date, as the case may be,
and, unless Accrue to Pay is specified on the face of this Note, no additional interest shall accrue as a result of such delayed payment; provided further that if the applicable Principal Payment Date is postponed due to a Market Disruption Event,
interest will continue to accrue during the period from the originally scheduled Principal Payment Date to but excluding the postponed Principal Payment Date. If Accrue to Pay is 

  

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specified on the face of this Note, any payment of interest on the Interest Payment Date will include interest accrued through the day before the Interest
Payment Date. Each payment of interest hereon shall include interest accrued through the day before the Interest Payment Date or applicable Principal Payment Date, as the case may be. Unless otherwise specified above, interest on this Note will be
computed on the basis of a 360-day year of twelve 30-day months or in the case of an incomplete month, the number of days elapsed. In no event shall the interest rate of this Note be higher than the maximum rate permitted by applicable law, as the
same may be modified by United States law of general application. 
 Unless otherwise specified above, the interest payable 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 indicated above (whether or not a Business Day) next
preceding such Interest Payment Date; provided that, notwithstanding any provision of the Indenture to the contrary, interest payable on a Principal Payment Date shall be payable to the Person to whom the related Payment Amount shall be payable; and
provided, further, that, unless otherwise specified above, in the case of a Note initially issued between a Regular Record Date and the Interest Payment Date relating to such Regular Record Date, interest for the period beginning on the Issue Date
and ending on such Interest Payment Date shall be paid on the Interest Payment Date following the next succeeding Regular Record Date to the registered Holder on such next succeeding Regular Record Date. 
 Unless otherwise specified above and except as provided below, all payments of interest on this Note may, at the option of the Company, be made by check
mailed to the person entitled thereto at such person’s address as it appears on the registry books of the Company. 
 Payments of the
Payment Amount, premium, if any, and any interest payable on the related Principal Payment Date will be made in immediately available funds upon surrender of this Note at the corporate trust office or agency of the Trustee (or any duly appointed
Paying Agent) maintained for that purpose in the Borough of Manhattan, New York City (the “Corporate Trust Office”), provided that this Note is presented to the Trustee (or any such Paying Agent) in time for the Trustee (or any such Paying
Agent) to make such payments in such funds in accordance with its normal procedures. 
 The Company will pay any administrative costs
imposed by banks in making payments in immediately available funds, but any tax, assessment or governmental charge imposed upon payments hereunder, including, without limitation, any withholding tax, will be borne by the Holder hereof. 

References herein to “U.S. dollars” or “U.S.$” or “$” are to the coin or currency of the United States as at the time
of payment is legal tender for the payment of public and private debts. 
 REFERENCE IS HEREBY
MADE TO THE FURTHER PROVISIONS OF THIS NOTE, INCLUDING THE DEFINITIONS
OF CERTAIN TERMS, SET FORTH ON THE REVERSE HEREOF. SUCH FURTHER
PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET
FORTH AT THIS PLACE. 
 This Note shall not be valid or become obligatory for
any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture. 
  

 3 

 IN WITNESS WHEREOF, Lehman Brothers Holdings Inc. has caused this instrument to be signed by its
Chairman of the Board, its President, its Vice Chairman, its Chief Financial Officer, one of its Vice Presidents or its Treasurer, by manual or facsimile signature under its corporate seal, attested by its Secretary or one of its Assistant
Secretaries by manual or facsimile signature. 
 Dated: October 16, 2007 
  

					
	[SEAL]	  	LEHMAN BROTHERS HOLDINGS INC.
			
		  	By:	 	  

		  		 	Vice President
			
		  	Attest:	 	  

		  		 	Assistant Secretary

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture. 
  

			
	CITIBANK, N.A.
	as Trustee
		
	By:	 	  

		 	Authorized Officer

  

 4 

 [REVERSE OF NOTE] 
 LEHMAN BROTHERS HOLDINGS INC. 
 MEDIUM-TERM NOTES, SERIES I 
 PERFORMANCE LINKED TO THE VALUE OF A COMMON STOCK, A STOCK INDEX, AN EXCHANGE TRADED FUND, A BASKET OF COMMON STOCKS OR 
 A BASKET OF STOCK INDICES 
 Section 1.
General. This Note is one of a duly authorized series of Notes of the Company designated as the Medium-Term Notes, Series I, Performance Linked to the Value of a Common Stock, a Stock Index, an Exchange Traded Fund, a Basket of Common Stocks
or a Basket of Stock Indices of the Company (herein called the “Notes”). The Notes are one of an indefinite number of series of debt securities of the Company (collectively, the “Securities”) issued or issuable under and pursuant
to an indenture dated as of September 1, 1987, as amended and supplemented (the “Indenture”), duly executed and delivered by the Company and Citibank, N.A., as Trustee (herein called the “Trustee”), 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 and the holders of the Securities. The separate series of
Securities may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption provisions or repurchase rights (if any), may be subject to
different sinking, purchase or analogous funds (if any), may be subject to different covenants and Events of Default and may otherwise vary as in the Indenture provided. 
 Section 2. Currency Exchanges and Payments. If the Holder elects to receive all or a portion of payments of principal of, premium, if any, and interest on this Note, if denominated in a Foreign Currency,
in U.S. dollars, the exchange rate agent specified on the face of this Note or a successor thereto (the “Exchange Rate Agent”), will convert such payments into U.S. dollars. In the event of such an election, payment to the Holder will be
based upon the exchange rate as determined by the Exchange Rate Agent based on the highest bid quotation in New York City received by the Exchange Rate Agent at approximately 11:00 a.m., New York City time, on the second Business Day preceding the
applicable payment date from three recognized foreign exchange dealers (one of which may be the Exchange Rate Agent unless the Exchange Rate Agent is an affiliate of the Company) for the purchase by the quoting dealer of the Foreign Currency for
U.S. dollars for settlement on such payment date in the amount of the Foreign Currency payable in the absence of such an election to such Holder and at which the applicable dealer commits to execute a contract. If such bid quotations are not
available, such payment will be made in the Foreign Currency. All currency exchange costs will be borne by the holder of this Note by deductions from such payments. 
 Unless otherwise specified on the face of this Note, if payment hereon is required to be made in a Foreign Currency and such currency is unavailable to the Company for making payments thereof due to the imposition of
exchange controls or other circumstances beyond the Company’s control, or is no longer used by the government of the country which issued such currency or for the settlement of transactions by public institutions of or within the international
banking community, then the Company will be entitled to make payments with respect hereto in 

 
U.S. dollars until such Foreign Currency is again available or so used. The amount so payable on any date in such Foreign Currency shall be converted into
U.S. dollars at a rate determined by the Exchange Rate Agent on the basis of the noon buying rate in New York City for cable transfers in the Foreign Currency as certified for customs purposes by the Federal Reserve Bank of New York (the
“Market Exchange Rate”) for such Foreign Currency on the second Business Day prior to such payment date, or on such other basis as may be specified on the face of this Note. In the event such Market Exchange Rate is not then available, the
Company will be entitled to make payments in U.S. dollars (i) if such Foreign Currency is not a composite currency, on the basis of the most recently available Market Exchange Rate for such Foreign Currency or (ii) if such Foreign Currency
is a composite currency in an amount determined by the Exchange Rate Agent to be the sum of the results obtained by multiplying the number of units of each component currency of such composite currency, as of the most recent date on which such
composite currency was used, by the Market Exchange Rate for such component currency on the second Business Day prior to such payment date (or if such Market Exchange Rate is not then available, by the most recently available Market Exchange Rate
for such component currency, or as otherwise specified on the face of this Note). Any payment in respect hereof made under such circumstances in U.S. dollars will not constitute an Event of Default under the Indenture. 
 If the official unit of any component currency of a composite currency is altered by way of combination or subdivision, the number of units of that
currency as a component shall be divided or multiplied in the same proportion. If two or more component currencies are consolidated into a single currency, the amounts of those currencies as components shall be replaced by an amount in such single
currency equal to the sum of the amounts of the consolidated component currencies expressed in such single currency. If any component currency is divided into two or more currencies, the amount of that original component currency as a component
shall be replaced by amounts of such two or more currencies having an aggregate value on the date of division equal to the amount of the former component currency immediately before such division. 
 In the event of an official redenomination of the Specified Currency or the Optional Payment Currency (including, without limitation, an official
redenomination of any such currency that is a composite currency), the obligations of the Company to make payments in or with reference to such currency shall, in all cases, be deemed immediately following such redenomination to be obligations to
make payments in or with reference to that amount of redenominated currency representing the amount of such currency immediately before such redenomination. In no event shall any adjustment be made to any amount payable hereunder as a result of
(i) any redenomination of any component currency of any composite currency (unless such composite currency is itself officially redenominated) or (ii) any change in the value of the specified currency or the Optional Payment Currency
relative to any other currency due solely to fluctuations in exchange rates. 
 All determinations referred to above made by the Exchange
Rate Agent shall be at its sole discretion (except to the extent expressly provided herein that any determination is subject to approval by the Company) and, in the absence of manifest error, shall be conclusive for all purposes and binding on the
Holder hereof, and the Exchange Rate Agent shall have no liability therefor. 
  

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 All currency exchange costs will be borne by the Holder hereof by deduction from the payments made
hereon. 
 Section 3. Redemption. Unless otherwise specified on the face of this Note, the Company may, at its option, redeem
this Note in whole or from time to time in part on or after the date designated as the Initial Redemption Date on the face of this Note at the Redemption Payment Amount, together with accrued interest to but excluding the Redemption Date.

 The Company may exercise such option by causing the Trustee to mail by first-class mail to the Holder hereof a notice (the
“Redemption Notice”) of such redemption at least 30 but not more than 60 days (or such other period as is specified as the “Redemption Notice Period” on the face of this Note) prior to the Redemption Date. In the event of
redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof in accordance with the terms of the Indenture. Unless otherwise
specified on the face of this Note, if less than all of the Notes of this series are to be redeemed, the Notes of this series to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate. 

Section 4. Sinking Funds and Amortizing Notes. Unless otherwise specified on the face of this Note or unless this Note is an Amortizing
Note, this Note will not be subject to any sinking fund. If it is specified on the face of this Note that this Note is an Amortizing Note, the Company will make payments combining Redemption Payment Amount and interest on the dates and in the
amounts set forth in the table appearing in Schedule I attached to this Note or as otherwise specified on the face of this Note. If this Note is an Amortizing Note, payments made hereon will be applied first to interest due and payable on each such
payment date and then to the reduction of the then outstanding principal amount. 
 Section 5. Optional Repurchase. Unless
otherwise specified on the face of this Note, at any time until the earlier of (a) the date the Company gives notice of its intention to redeem this Note pursuant to Section 3 of this Note or (b) eight Business Days (or such other
Optional Repurchase Cutoff Period specified on the face of this Note) before the Stated Maturity Date, the Holder may, at its option, cause the Company to repurchase this Note, subject to the conditions specified below, on the Optional Repurchase
Date at the Optional Repurchase Amount, together with accrued interest to but excluding the Optional Repurchase Date. 
 In order for this
Note to be so repurchased, the Trustee must receive, before the earlier of (a) the date the Company gives notice of its intention to redeem this Note pursuant to Section 3 of this Note or (b) eight Business Days (or such other period
as is specified as the “Optional Repurchase Cutoff Period” on the face of this Note) before the Stated Maturity Date, either (i) this Note with the form below entitled “Option to Elect Repurchase” duly completed or
(ii) a telegram, telex, fax or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder
hereof, the then outstanding principal amount of this Note, the principal amount of this Note to be repaid, the certificate number hereof or a description of the tenor and terms of this Note, a statement that the option to elect repurchase is being
exercised thereby and a guarantee that this Note with the form below entitled “Option to Elect Repurchase” duly completed will be received by the Paying Agent not later than five Business Days after the date of such telegram, telex, fax or
letter and this Note and form duly 

  

 3 

 
completed are received by the Paying Agent by such fifth Business Day. Exercise of this repurchase option shall be irrevocable, except as otherwise provided
under Section 7 of this Note or Section 10 of this Note. The repurchase option may be exercised by the Holder of this Note with respect to less than the principal amount of this Note then outstanding provided that the principal amount of
this Note remaining outstanding after repurchase is an authorized denomination. Upon such partial repurchase this Note shall be cancelled and a new Note or Notes of this series for the remaining principal amount of this Note shall be issued in the
name of the Holder of this Note. 
 If this Note is a Global Security, the Holder of this Note, the nominee of the Depositary, will be the
only entity that can exercise a right to repurchase. In order to ensure that the nominee of the depositary will timely exercise a right to repurchase relating to this Note, the Holder must instruct the broker or other direct or indirect participant
through which it holds an interest in this Note to notify the Depositary of its desire to exercise a right to repurchase. 
 Section 6.
Stock Settlement. If the Reference Equity specified on the face of this Note is a single common stock or an exchange traded fund and if “Stock Settlement” on the face of this Note is checked as applicable, this Note may be settled
on the Stated Maturity Date or on the Optional Repurchase Date (but not upon any Redemption, acceleration of the maturity of this Note or other prepayment of this Note prior to the Stated Maturity Date unless otherwise specified herein), with shares
of Settlement Value Securities at the Company’s option, at the Holder’s option or mandatorily, as indicated on the face of this Note. 
 If the Company elects the Stock Settlement option for settlement of this Note on the Stated Maturity Date, the Company will provide the Trustee with written notice of the election not less than three business days prior to the Stated
Maturity Date. 
 If Stock Settlement is applicable, the Company will pay the applicable Payment Amount, subject to the following
paragraphs, by delivering, for each $1,000 principal amount of the Notes represented hereby, (a) in the case of maturity, Settlement Value Securities having a value on the applicable Valuation Date equal to the Maturity Payment Amount; and
(b) in the case of any Optional Repurchase, Settlement Value Securities having a value on the applicable Valuation Date equal to the Optional Repurchase Amount. The Calculation Agent will determine the number and kind of Settlement Value
Securities to be delivered, and whether cash shall be delivered in lieu of, or in addition to, any Settlement Value Securities, in accordance with the Calculation Agency Agreement. 
 If Stock Settlement is applicable and the calculations in the preceding paragraph result in fractional shares, the applicable Payment Amount shall be
paid in cash in an amount equal to the value of fractional shares based upon the Closing Prices of the Settlement Value Securities on the applicable Valuation Date and in performing such calculation, the Calculation Agent will round down the cash
payment to the nearest cent. 
 If the Company determines that it is prohibited from delivering Settlement Value Securities, or that it
would be unduly burdensome to do so, the Company shall pay the applicable Payment Amount in cash. 
  

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 Section 7. Optional Interest Reset. If so specified on the face of this Note, the Interest
Rate on this Note may be reset at the option of the Company, in the manner set forth below (unless otherwise specified on the face of this Note), on the Optional Reset Date or Optional Reset Dates specified on the face of this Note. The Company may
exercise such option by notifying the Trustee in writing of such exercise at least 45 but not more than 60 days prior to an Optional Reset Date. Not later than five Business Days after receipt thereof, the Trustee will mail by first-class mail to
the Holder of this Note a notice (the “Reset Notice”) setting forth (i) the election of the Company to reset the interest rate, (ii) such new interest rate and (iii) the provisions, if any, for redemption during the period
from such Optional Reset Date to the next Optional Reset Date or, if there is no such next Optional Reset Date, to the Stated Maturity Date of this Note (each such period a “Subsequent Interest Period”), including the date or dates on
which or the period or periods during which and the price or prices at which such redemption may occur during such Subsequent Interest Period. The Reset Notice shall be substantially in the form of Exhibit A to this Note. Upon the transmittal by the
Trustee of a Reset Notice to the Holder of this Note, such new interest rate shall take effect automatically, and, except as modified by the Reset Notice and as described in the next paragraph, this Note will have the same terms as prior to the
transmittal of such Reset Notice. 
 Notwithstanding the foregoing, not later than 20 days prior to an Optional Reset Date, the Company may,
at its option, revoke the interest rate provided for in the Reset Notice and establish an interest rate that is higher than the interest rate provided for in the Reset Notice for the Subsequent Interest Period commencing on such Optional Reset Date
by causing the Trustee to mail by first-class mail notice of such higher interest rate to the Holder of this Note. Such notice shall be irrevocable and shall be mailed by the Trustee within five Business Days after receipt thereof. All Notes of this
series with respect to which the interest rate is reset on an Optional Reset Date will bear such higher interest rate for the Subsequent Interest Period. 
 If the Company elects to reset the interest rate of this Note, the Holder of this Note will have the option to elect repurchase by the Company of this Note, or any portion hereof, on any Optional Reset Date at a price
calculated with reference to (a) the then outstanding principal amount of this Note, (b) the Maturity Payment Amount calculated as though the Optional Reset Date were the Stated Maturity Date and the date that is a number of business days
equal to the Determination Period before that date were the Valuation Date, or (c) such other amount or amounts, in each case as specified on the face of this Note, plus any interest accrued to, such Optional Reset Date. In order to obtain
repurchase on an Optional Reset Date, the Holder must follow the procedures set forth above in Section 5 of this Note for Optional Repurchase except that the period for delivery or notification to the Trustee shall be at least 25 but not more
than 35 days prior to such Optional Reset Date and except that, if the Holder has tendered this Note for repurchase pursuant to the Reset Notice, the Holder may, by written notice to the Trustee, revoke such tender for repurchase until the close of
business on the tenth day prior to such Optional Reset Date; provided, however, that if such day is not a Business Day, then such notice may be given on the next succeeding Business Day. 
 Section 8. Discount Notes. If this Note is a Discount Note, the amount payable in the event of Redemption, Optional Repurchase or
acceleration of maturity shall be (i) the Amortized Principal Amount of this Note as of the Redemption Date, Optional Repurchase Date or date of such acceleration, as the case may be, rather than the relevant Payment Amount of this 

  

 5 

 
Note or (ii) such other amount as specified on the face of this Note (such amount, the “Discount Note Prepayment Amount”). 
 Section 9. Dual Currency Notes. If it is specified on the face of this Note that this Note is a Dual Currency Note, the Company has a one
time option, exercisable on any one of the Option Election Dates specified on the face of this Note in whole, but not in part, with respect to all Dual Currency Notes of this series, of thereafter making all payments of Maturity Payment Amount,
premium, if any, and interest (which payments would otherwise be made in the Specified Currency of such Notes) in the Optional Payment Currency specified on the face of this Note. If the Company makes such an election, the amount of Optional Payment
Currency payable in respect hereof shall be determined by the Exchange Rate Agent by converting the amount of Specified Currency that would otherwise be payable into the Optional Payment Currency at the Designated Exchange Rate specified on the face
of this Note. 
 The Company may exercise such option by notifying the Trustee of such exercise on or prior to the Option Election Date. The
Trustee will mail by first-class mail to each holder of a Note of this series a notice of such election within five Business Days of the Option Election Date which shall state (i) the first date, whether an Interest Payment Date and/or the
Stated Maturity Date, on which scheduled payments in the Optional Payment Currency will be made and (ii) the Designated Exchange Rate. Any such notice by the Company, once given, may not be withdrawn. 
 If this Note is a Dual Currency Note, notwithstanding any prior election made by the Company, the amount payable hereon in the event of any Redemption,
any Optional Repurchase, any acceleration of the maturity of this Note or other prepayment of this Note prior to the Stated Maturity Date shall be (a) an amount equal to the amount otherwise due and payable plus accrued interest to but
excluding the Redemption Date, Optional Repurchase Date, date of acceleration or other prepayment minus the Total Option Value multiplied by a fraction, the numerator of which is the then outstanding principal amount of this Note and the denominator
of which is the aggregate principal amount of all Dual Currency Notes of this series then outstanding or (b) such other amount as specified on the face of this Note (such amount, the “Dual Currency Note Prepayment Amount”). In no
event will such payment be less than zero. Notwithstanding any prior election made by the Company, such payment shall be made in the Specified Currency unless otherwise provided on the face of this Note. 
 All determinations referred to above made by the Exchange Rate Agent or the Option Value Calculation Agent shall be at their sole discretion (except to
the extent expressly provided herein that any determination is subject to approval by the Company) and, in the absence of manifest error, shall be conclusive for all purposes and binding on the Holder hereof, and neither the Exchange Rate Agent nor
the Option Value Calculation Agent shall have any liability therefor. 
 Section 10. Extension of Maturity Notes. If it is
specified on the face of this Note that this Note is an Extension of Maturity Note, the Company has the option to extend the Stated Maturity Date hereof for the number of Extension Periods set forth on the face of this Note, each of which Extension
Periods shall be a period of from one to five whole years. Unless otherwise specified on the face of this Note, the following procedures shall apply if this Note is an Extension of Maturity Note. 
  

 6 

 The Company may exercise its option by notifying the Trustee of such exercise at least 45 but not more
than 60 days prior to the Stated Maturity Date in effect prior to the exercise of such option (the “Original Stated Maturity”). Not later than five Business Days after receipt thereof, the Trustee will mail to the Holder a notice (the
“Extension Notice”), first class, postage prepaid, setting forth (i) the election of the Company to extend the Stated Maturity Date, (ii) the new Stated Maturity Date, (iii) the Interest Rate applicable to the Extension
Period and (iv) the provisions, if any, for redemption during the Extension Period, including the date on which or the period or periods during which and the price at which such redemption may occur during the Extension Period. Upon the mailing
by the Trustee of an Extension Notice to the Holder, the Stated Maturity Date hereof shall be extended automatically, and, except as modified by the Extension Notice and as described in the next paragraph, this Note will have the same terms as prior
to the mailing of such Extension Notice. 
 Notwithstanding the foregoing, not later than 20 days prior to the Original Stated Maturity
hereof, the Company may, at its option, revoke the interest rate provided for in the Extension Notice and establish a higher interest rate for the Extension Period by causing the Trustee to mail notice of such higher interest rate, first class,
postage prepaid, to the Holder. Such notice shall be irrevocable and shall be mailed by the Trustee within three Business Days after receipt thereof. This Note will bear such higher interest rate for the Extension Period, whether or not tendered for
repurchase. 
 If the Company extends the Stated Maturity Date of this Note, the Holder will have the option to elect repurchase by the
Company of this Note, or any portion hereof, on the Original Stated Maturity at a price calculated with reference to (a) the then outstanding principal amount of this Note, (b) the Optional Repurchase Amount calculated as though the
Original Stated Maturity were the Stated Maturity Date and the date that is a number of business days equal to the Determination Period before that date were the Valuation Date, or (c) such other amount or amounts, in each case as specified on
the face of this Note. In order for this Note to be so repaid on the Original Stated Maturity, the Holder must follow the procedures set forth in Section 5 of this Note for Optional Repurchase, except that the period for delivery of this Note
or notification to the Trustee shall be at least 25 but not more than 35 days prior to the Original Stated Maturity and except that the Holder may, by written notice to the Trustee, revoke any such tender for repurchase until the close of business
on the tenth day prior to the Original Stated Maturity; provided, however, that if such day is not a Business Day, then such notice may be given on the next succeeding Business Day. 
 Section 11. Extendible Notes. If it is specified on the face of this Note that this Note is a Extendible Note, this Note will mature on the
Stated Maturity Date specified on the face of this Note unless the maturity of all or any portion of this Note is extended in accordance with the procedures described below. 
 On the Interest Payment Date occurring in the sixth month (unless a different Special Election Interval is specified on the face of this Note) prior to
the initial Stated Maturity Date specified on the face of this Note (the “Initial Maturity Extension Date”) and on the Interest Payment Date occurring in each sixth month (or the last month of each Special Election Interval) after such
Initial Maturity Extension Date (each, together with the Initial Maturity Extension Date, a “Maturity Extension Date”), the Stated Maturity Date of this Note will be extended to the Interest Payment Date occurring in the twelfth month (or,
if a Special Election Interval is 

  

 7 

 
specified on the face of this Note, the last month in a period equal to twice the Special Election Interval) after such Maturity Extension Date, unless the
Holder elects to terminate the extension of the Stated Maturity Date hereof or any portion hereof as described below. 
 If the Holder
elects to terminate the extension of the Stated Maturity Date of any portion of the principal amount of this Note during the specified period prior to any Maturity Extension Date, such portion will become due and payable on the Interest Payment Date
occurring in the sixth month (or the last month in the Special Election Interval) after such Maturity Extension Date (the “Extended Stated Maturity Date”). 
 The Holder may elect to extend the Stated Maturity Date of this Note, or if so specified above, any portion hereof, by delivering a notice to such effect to the Trustee (or any duly appointed Paying Agent) at the
Corporate Trust Office not less than 3 nor more than 15 days prior to such Maturity Extension Date (unless another period is specified on the face of this Note as the “Special Election Period”). Such election will be irrevocable and will
be binding upon each subsequent Holder of this Note. An election to extend the Stated Maturity Date of this Note may be exercised with respect to less than the entire principal amount of this Note then outstanding only if so specified on the face of
this Note and only in such principal amount, or any integral multiple in excess thereof, as is specified on the face of this Note. Notwithstanding the foregoing, the maturity of this Note will not be extended beyond the Stated Maturity Date
specified on the face of this Note. 
 Unless otherwise specified above, any election not to extend will be effective only if this Note is
presented to the Trustee (or any duly appointed Paying Agent) as soon as practicable. Following receipt of this Note the Trustee (or any duly appointed Paying Agent) shall issue in exchange herefor in the name of the Holder (i) a Note, in a
face amount equal to the principal amount of this Note for which no election to extend was exercised, with terms identical to those specified herein (except for the Issue Date and the Initial Interest Rate and except that such Note shall have a
fixed, non-extendable maturity on the Extended Stated Maturity Date) and (ii) if such election not to extend is made with respect to less than the principal amount of this Note then outstanding, a replacement Extendible Note, in a face amount
equal to the principal amount of this Note for which an election to extend was made, with terms identical to this Note. 
 Section 12.
Principal Amount for Indenture Purposes. For the purpose of determining whether Holders of the requisite amount of Notes of this series outstanding under the Indenture have made a demand, given a notice or waiver or taken any other action,
the principal amount of this Note will be deemed to be the principal amount of this Note then outstanding; provided, however, if this Note is a Discount Note, the outstanding principal amount of this Note will be deemed to be the amount of the
principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof. 
 Section 13. Modification and Waivers. The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than 66-2/3% in aggregate principal amount of each series of the
Securities at the time Outstanding to be affected, evidenced as in the Indenture provided, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or 

  

 8 

 
of any supplemental indenture or modifying in any manner the rights of the holders of the Securities of all such series; provided, however, that no such
supplemental indenture shall, among other things, (i) change the fixed maturity of any Security, or reduce the Payment Amount or the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon or reduce any
premium or other amount payable on redemption, or make the Payment Amount or the principal amount thereof, premium or other amount payable, if any, or interest thereon payable in any coin or currency other than that hereinabove provided, without the
consent of the Holder of each Security so affected, or (ii) change the place of payment on any Security, or impair the right to institute suit for payment on any Security, or reduce the aforesaid percentage of Securities, the holders of which
are required to consent to any such supplemental indenture, without the consent of the holders of each Security so affected. It is also provided in the Indenture that, prior to any declaration accelerating the maturity of any series of Securities,
the holders of a majority in aggregate principal amount of the Securities of such series Outstanding may on behalf of the holders of all the Securities of such series waive any past default or Event of Default under the Indenture with respect to
such series and its consequences, except a default in the payment of interest, if any, on the Payment Amount or the principal amount, or premium, if any, on any of the Securities of such series, or in the payment of any sinking fund installment or
analogous obligation with respect to Securities of such series. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future holders and owners of this Note and any Notes of this series
which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes of this series. 
 Section 14. Obligations Unconditional. No reference herein to the Indenture and no provisions of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the Payment Amount or the principal amount, premium, if any, and interest, if any, on this Note at the place, at the respective times, at the rate, and in the coin or currency herein prescribed. 
 Section 15. Defeasance. The Indenture contains provisions for the discharge of the Indenture and defeasance at any time of the indebtedness
on this Note upon compliance by the Company with certain conditions set forth therein, which provisions apply to this Note. 
 Section 16. Authorized Form and Denominations. The Notes of this series are issuable in registered form, without coupons. Notes of this series denominated in U.S. dollars shall be issued in the principal amount denominations
specified on the face of this Note. Notes of this series denominated in a Foreign Currency will be issued in a denomination approximately equivalent to Notes of this series denominated in U.S. dollars. Each Note will be issued initially as either a
Global Security or a Certificated Note, at the option of the Company, either at the office or agency to be designated and maintained by the Company for such purpose in the Borough of Manhattan, New York City, pursuant to the provisions of the
Indenture or at any of such other offices or agencies as may be designated and maintained by the Company for such purpose pursuant to the provisions of the Indenture, and in the manner and subject to the limitations provided in the Indenture, but
without the payment of any service charge, except for any tax or other governmental charges imposed in connection therewith. Notes of this series are exchangeable for a like aggregate principal amount of Notes of this series of a different
authorized denomination, except that Global Securities will not be exchangeable for Certificated Notes of this series. 
  

 9 

 Section 17. Registration of Transfer. As provided in the Indenture and subject to certain
limitations as therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer, at the Corporate Trust Office or agency in a Place of Payment for this Note, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar requiring such written instrument of transfer duly executed by, the Holder hereof or his attorney duly authorized in writing, and
thereupon one or more new Notes of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 If this Note is a Global Security and if at any time the Depository notifies the Company that it is unwilling or unable to continue as Depository or if
at any time the Depository shall no longer be eligible under the Indenture, the Company shall appoint a successor Depository. If a successor Depository for the Notes of this series is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such ineligibility, the Company will issue, and the Trustee will authenticate and deliver, Notes of this series in definitive form in an aggregate principal amount equal to the principal amount of this Note.

 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum
sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
 Prior to due presentment of this
Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the person in whose name this Note is registered as the owner hereof for all purposes, and neither the Company nor the Trustee nor any
agent of the Company or of the Trustee shall be affected by any notice to the contrary. 
 Section 18. Events of Default. If an
Event of Default with respect to Notes of this series shall occur and be continuing, the principal of the Notes of this series may be declared due and payable in the manner and with the effect provided in the Indenture. Unless otherwise provided on
the face of this Note, the amount payable to the Holder hereof upon any acceleration permitted under the Indenture will be equal to the Maturity Payment Amount calculated as though the date to which the maturity has been accelerated were the Stated
Maturity Date and the date that is a number of business days equal to the Determination Period before that date were the Valuation Date. In any such case, even if Stock Settlement is applicable, the Notes of this series will be settled in cash. Upon
payment (i) of the aggregate applicable amounts on the Notes of this series so declared due and payable and (ii) of interest on any overdue Payment Amount and overdue interest (in each case to the extent that the payment of such interest
shall be legally enforceable), all of the Company’s obligations in respect of the payment of the Maturity Payment Amount of and interest, if any, on the Notes of this series shall terminate. 
 Section 19. No Recourse Against Certain Persons. No recourse for the payment of Payment Amount, premium, if any, or interest on this Note,
or for any claim based hereon or otherwise in respect hereof, and no recourse under or upon any obligation, covenant or agreement of the Company in the Indenture or any Indenture supplemental thereto or in any Note, or because of the creation of any
indebtedness represented thereby, shall be had against 

  

 10 

 
any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or of any successor corporation, either directly or
through the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released. 
 Section 20. Tax Treatment. The Company agrees, and by
acceptance of a beneficial ownership interest in the Notes of this series, each Holder of such Notes will be deemed to have agreed, for United States federal income tax purposes, (i) to treat the Notes of this series as indebtedness that is
subject to Treas. Reg. Sec. 1.1275-4 (the “Contingent Payment Regulations”) and (ii) to be bound by the Company’s determination of the “comparable yield” and “projected payment schedule,” within the meaning of
the Contingent Payment Regulations, with respect to the Notes of this series. The “comparable yield” and “projected payment schedule,” as determined by the Company per $1,000 principal amount of the Notes represented hereby, are
specified on the face of this Note. 
 Section 21. Defined Terms. All terms used but not defined in this Note are used herein as
defined in the Indenture. 
 Section 22. GOVERNING LAW. THIS
NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK. 
 Section 23.
Definitions. Set forth below are definitions of certain of the terms used in this Note. The definitions set forth below are subject to the terms and provisions on the face of this Note. If any definition below is different than, or
inconsistent with, the terms and provisions on the face of this Note, the terms and provisions on the face shall prevail. 
 “ADS” shall mean American Depositary Share. 
 “Alternative Redemption Amount” shall mean, for
each $1,000 principal amount of the Notes represented hereby, the product of (a) $1,000 and (b) the Settlement Value on the applicable Valuation Date divided by the Threshold Value. 
 “AMEX” shall mean the American Stock Exchange LLC. 
 “Amortized Principal Amount” of this Note at any time shall mean the amount equal to (a) the Issue Price multiplied by the then outstanding principal amount of this Note plus (b) that
portion of the difference between the amount calculated pursuant to clause (a) and the principal amount of this Note that has accrued at the Yield to Maturity set forth on the face of this Note (computed in accordance with generally accepted
United States bond yield computation principles) at the date as of which the Amortized Principal Amount is calculated, but in no event shall the Amortized Principal Amount of this Note exceed the principal amount of this Note. 
 “Average Execution Price” shall mean, for a security or other property, the average per unit execution price that an affiliate of the
Company receives or pays for such security or property, as the case may be, to hedge the Company’s obligations under the Notes of this series. 
  

 11 

 “Business Day”, notwithstanding any provision in the Indenture, shall mean, unless
otherwise set forth on the face of this Note, any day that is not a Saturday, a Sunday or a day on which the NYSE, the Nasdaq or the AMEX is not open for trading or banking institutions or trust companies in New York City are authorized or obligated
by law or executive order to close, and, (a) if the Specified Currency is a Foreign Currency other than Euros, not a day on which banking institutions are authorized or required by law to close in the Principal Financial Center of the country
issuing the Foreign Currency and (b) if the Specified Currency is Euros, a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer System is open. “Principal Financial Center” shall mean the capital city
of the country issuing the specified currency. However, for U.S. dollars, Australian dollars, Canadian dollars and Swiss francs, the Principal Financial Center will be New York City, Sydney, Toronto and Zurich, respectively. 
 “Calculation Agency Agreement” shall mean the Calculation Agency Agreement, dated as of October 12, 2006, between the Company and
the Calculation Agent, as amended from time to time, or any successor calculation agency agreement. 
 “Calculation Agent”
shall mean the person that has entered into an agreement with the Company providing for, among other things, the determination of the Settlement Value and the Payment Amount, which term shall, unless the context otherwise requires, include its
successors and assigns. The initial Calculation Agent shall be Lehman Brothers Inc. 
 “Close of Trading” shall mean, in
respect of any Relevant Exchange or other exchange or quotation system, the scheduled weekday closing time on a day on which the Relevant Exchange or other exchange or quotation system is scheduled to be open for trading for its respective regular
trading session, without regard to after hours or any other trading outside of the regular trading session hours. 
 “Closing
Level”, shall mean, when used with respect to any Relevant Index on any particular day, (a) the closing level of the Relevant Index on such day as reported by the publisher of the Relevant Index, as determined and adjusted by the
Calculation Agent pursuant to the Calculation Agency Agreement, or (b) as otherwise determined by the Calculation Agent pursuant to the Calculation Agency Agreement if the Relevant Index has been discontinued or in the circumstances described
in the definition of the term “Valuation Date” herein. 
 “Closing Price” shall mean, for each Settlement Value
Security, as determined by the Calculation Agent pursuant to the Calculation Agency Agreement on any particular day, based on information reasonably available to it: 
  

	 	(1)	if the Settlement Value Security is listed on a Relevant Exchange, the last reported sale price per share at the Close of Trading on such day on the Relevant Exchange;

  

	 	(2)	if the Settlement Value Security is not listed on a national securities exchange or quotation system or is not a Nasdaq security, and is listed or traded on a bulletin board, the
Average Execution Price per share of the Settlement Value Security; or 

  

 12 

	 	(3)	as otherwise determined by the Calculation Agent pursuant to the Calculation Agency Agreement in the circumstances described in the definition of the term “Valuation Date”
herein. 

 In the case of both (1) and (2) above, if the Settlement Value Security is listed or quoted on a non-United States
Relevant Exchange or on a non-United States bulletin board, the Closing Price will then be converted into U.S. dollars using the Official W.M. Reuters Spot Closing Rate at 11:00 a.m., New York City time. If there are several quotes for the Official
W.M. Reuters Spot Closing Rate at that time, the first quoted rate starting at 11:00 a.m. shall be the rate used. If there is no such Official W.M. Reuters Spot Closing Rate for a country’s currency at 11:00 a.m., New York City time, the
Closing Price shall be converted into U.S. dollars using the last available U.S. dollar cross-rate quote before 11:00 a.m., New York City time. 
 “common stock” shall mean common stock or any other equity security (which may be an ADS). 
 “Company” shall have the meaning set forth on the face of this Note. 
 “Designated Exchange
Rate” shall mean the exchange rate specified as such on the face of this Note. 
 “Determination Period” shall be
the number of days specified as such on the face of this Note. 
 “Discount Note” shall mean any Note that has been issued
at an Issue Price less than 100%. 
 “Discount Note Prepayment Amount” shall have the meaning set forth in Section 8
of this Note. 
 “Dual Currency Note” shall mean any Note designated as such on the face of this Note. 
 “Dual Currency Note Prepayment Amount” shall have the meaning set forth in Section 9 of this Note. 
 “Exchange Rate Agent” shall have the meaning set forth in Section 2 of this Note. 
 “Extended Stated Maturity Date” shall have the meaning set forth in Section 11 of this Note. 
 “Extension Notice” shall have the meaning set forth in Section 10 of this Note. 
 “Foreign Currency” shall mean any currency other than U.S. dollars. 
 “Global Security” shall have the meaning set forth on the face of this Note. 
 “Indenture” shall have the meaning set forth in Section 1 of this Note. 
  

 13 

 “Index Stock” shall mean the common stock specified as the Reference Equity on the face
of this Note. 
 “Index Weight” shall mean, if the Reference Equity set forth on the face of this Note is a basket of stock
indices, for each Relevant Index, the number by which the Closing Level of such Relevant Index will be multiplied in order to calculate the Settlement Value on a particular day. The Index Weight relating to each Relevant Index included in the
Reference Equity shall be as specified on the fact of this Note. 
 “Initial Maturity Extension Date” shall have the
meaning set forth in Section 11 of this Note. 
 “Initial Redemption Date” shall mean the date specified as such on
the face of this Note. 
 “Interest Payment Date” shall have the meaning set forth on the face of this Note. 
 “Interest Rate” shall be the rate specified as such on the face of this Note. 
 “Issue Date” shall have the meaning set forth on the face of this Note. 
 “Issue Price” shall mean the price specified as such on the face of this Note. 
 “Market Disruption Event”, unless indicated otherwise on the face of this Note, with respect to a Settlement Value Security, any shares
of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund, a Relevant Index or the index underlying the Reference Equity if the Reference
Equity specified on the face of this Note is an exchange traded fund shall mean any of the following events has occurred on any day as determined by the Calculation Agent in accordance with the Calculation Agency Agreement: 
  

	 	(1)	(a) In the case of a Settlement Value Security or any shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the
face of this Note is an exchange traded fund, a material suspension of, or limitation imposed on trading relating to, such Settlement Value Security or such shares of other exchange traded funds, and (b) in the case of a Relevant Index or the
index underlying the Reference Equity if the Reference Equity specified on the face of this Note is an exchange traded fund, a suspension of, or limitation imposed on trading relating to, the securities that then comprise 20% or more of such
Relevant Index or such index underlying such Reference Equity, in each case, by the Relevant Exchange for each such security, at any time during the one-hour period that ends at the Close of Trading on such day, whether by reason of movements in
price exceeding limits permitted by that Relevant Exchange or otherwise. Limitations on trading during significant market fluctuations imposed pursuant to NYSE Rule 80B or any applicable rule or regulation enacted or promulgated by the NYSE, any
other exchange, quotation system or market, any other self regulatory organization or the Securities and Exchange Commission of similar scope or as a replacement for Rule 80B may be considered material. 

  

 14 

	 	(2)	A material suspension of, or limitation imposed on, trading in futures or options contracts relating to such Settlement Value Security, such shares of other exchange traded funds
underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund, such Relevant Index or such index underlying the Reference Equity if the Reference Equity specified on the face of
this Note is an exchange traded fund, as the case may be, by the primary exchange or quotation system on which those futures or options contracts are traded, at any time during the one-hour period that ends at the Close of Trading on such day,
whether by reason of movements in price exceeding limits permitted by that primary exchange or quotation system or otherwise. 

  

	 	(3)	Any event, other than an early closure, that disrupts or impairs the ability of market participants in general to effect transactions in, or obtain market values for, (a) in
the case of a Settlement Value Security or any shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund, such Settlement Value
Security or such shares of other exchange traded funds, and (b) in the case of a Relevant Index or the index underlying the Reference Equity if the Reference Equity specified on the face of this Note is an exchange traded fund, the securities
that then comprise 20% or more of such Relevant Index or such index underlying the Reference Equity, in each case on the Relevant Exchanges for that Settlement Value Security or those securities, or in the case of a Settlement Value Security or a
security not listed or quoted in the United States, on the primary exchange, quotation system or market for such Settlement Value Security or security, at any time during the one hour period that ends at the Close of Trading on such day.

  

	 	(4)	Any event, other than an early closure, that disrupts or impairs the ability of market participants in general to effect transactions in, or obtain market values for, the futures or
options contracts relating to such Settlement Value Security, to such shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund, to
such Relevant Index or to the index underlying the Reference Equity if the Reference Equity specified on the face of this Note is an exchange traded fund, as the case may be, on the primary exchange or quotation system on which those futures or
options contracts are traded at any time during the one hour period that ends at the Close of Trading on such day. 

  

	 	(5)	 The closure of, (a) in the case of a Settlement Value Security or any shares of other exchange traded funds underlying the Reference Equity, if applicable, if
the Reference Equity specified on the face of this Note is an exchange traded fund, the Relevant Exchange for such Settlement Value Security or such shares of other exchange traded funds or the primary exchange or quotation system on which futures
or options contracts relating to such Settlement Value Security or such shares of other exchange traded funds are traded, and (b) in the case of a Relevant Index or the index underlying the Reference Equity if the Reference Equity specified on
the face of this Note is an exchange traded fund, the Relevant Exchanges for securities that then comprise 20% or more of such Relevant Index or such index underlying the Reference Equity, or the primary exchange or quotation system on which futures
or options contracts relating to 

  

 15 

 
such Relevant Index or such index underlying the Reference Equity, is traded, in each case, prior to its scheduled closing time unless the earlier closing
time is announced by the primary exchange or quotation system at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on the exchanges or quotation system and (ii) the submission deadline for
orders to be entered into the exchanges or quotation system for execution at the Close of Trading on such day. 
 If the Reference Equity
specified on the face of this Note is a basket of common stocks or indices, a Market Disruption Event will occur if a Market Disruption Event occurs with respect to any of the Settlement Value Securities or Relevant Indices included in the basket.

 For purposes of determining whether a Market Disruption Event has occurred, the relevant percentage contribution of a security to the
level of a Relevant Index or the index underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund will be based on a comparison of (x) the portion of the level of the
Relevant Index or the index underlying the Reference Equity if the Reference Equity specified on the face of this Note is an exchange traded fund attributable to that security and (y) the overall level of the Relevant Index or the index
underlying the Reference Equity if the Reference Equity specified on the face of this Note is an exchange traded fund, in each case immediately before the occurrence of the Market Disruption Event. 
 “Market Exchange Rate” shall have the meaning set forth in Section 2 of this Note. 
 “Maturity Extension Date” shall have the meaning set forth in Section 11 of this Note. 
 “Maturity Payment Amount” shall mean, for each $1,000 principal amount of the Notes represented hereby, an amount equal to the greater
of (a) $1,000 and (b) the Alternative Redemption Amount. 
 “Multiplier” shall mean, if the Reference Equity set
forth on the face of this Note is a common stock, a basket of common stocks or an exchange traded fund, for each Settlement Value Security, the number of shares or other units (including ADSs) (or fraction of a share or other unit expressed as a
decimal) of such Settlement Value Security included in the calculation of the Settlement Value on a particular day, as determined by the Calculation Agent pursuant to the Calculation Agency Agreement. The initial Multiplier relating to each
Settlement Value Security initially included in the Reference Equity shall be specified as such on the face of this Note. The initial Multiplier for any security which may subsequently become a Settlement Value Security shall be the number of shares
or other units of such security which are to be included in the calculation of the Settlement Value at the time such security becomes a Settlement Value Security. Multipliers may be adjusted by the Calculation Agent in accordance with the
Calculation Agency Agreement in certain circumstances. 
 “Nasdaq” shall mean The Nasdaq Stock Market, Inc. 
 “Notes” shall have the meaning set forth in Section 1 of this Note. 
 “NYSE” shall mean The New York Stock Exchange, Inc. 
  

 16 

 “Official W.M. Reuters Spot Closing Rate” shall mean the closing spot rate published on
Reuters page “WMRA” relevant for a Settlement Value Security. 
 “Option Election Dates” shall mean the date(s)
specified as such on the face of this Note. 
 “Option Value” shall mean, with respect to an Interest Payment Date or the
Stated Maturity Date, the amount calculated by the Option Value Calculation Agent to be the arithmetic average of the prices quoted on the date of calculation by three reference banks (which banks shall be selected by the Option Value Calculation
Agent and shall be reasonably acceptable to the Company) for the right on the Option Election Date immediately preceding such Interest Payment Date or Stated Maturity Date to purchase for value on such Interest Payment Date or Stated Maturity Date
from such reference banks (A) the aggregate amount of the Specified Currency due on such Interest Payment Date or Stated Maturity Date with respect to all of the Dual Currency Notes of this series in exchange for (B) the amount of the
Optional Payment Currency that would be received if the amount in clause (A) were converted into the Optional Payment Currency at the Designated Exchange Rate. 
 “Optional Payment Currency” shall mean the currency specified as such on the face of this Note. 
 “Optional Repurchase” shall mean the option of a Holder to elect to require the Company to repurchase Notes of this series pursuant to Section 5 of this Note. 
 “Optional Repurchase Amount” shall mean, for each $1,000 principal amount of Notes represented hereby, the Alternative Redemption
Amount. 
 “Optional Repurchase Cutoff Period” shall be the number of days specified as such on the face of this Note.

 “Optional Repurchase Date” shall mean the eighth Business Day (or such other date as is specified on the face of this
Note) following the Business Day on which the Company receives a written notice of election to require repurchase of this Note in the manner specified in Section 5 of this Note; provided, however, if the Calculation Agent
determines that a Market Disruption Event with respect to any Settlement Value Security, any shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an
exchange traded fund or any index underlying the Reference Security, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund has occurred on the day that would otherwise be the applicable Valuation Date,
or if the applicable Valuation Date is not a Scheduled Trading Day, then the Optional Repurchase Date shall be postponed by a number of Business Days equal to the number of Scheduled Trading Days by which the applicable Valuation Date is
postponed. 
 “Optional Reset Dates” shall be the dates specified as such on the face of this Note. 
 “Original Stated Maturity” shall have the meaning set forth in Section 10 of this Note. 
  

 17 

 “Payment Amount” shall mean the Maturity Payment Amount, the Redemption Payment Amount
or the Optional Repurchase Amount, as the case may be. 
 “Principal Payment Date” shall mean the Stated Maturity Date, the
Redemption Date or the Optional Repurchase Date, as the case may be. 
 “Redemption” shall mean the option of the Company
to redeem, at any time on or after the date specified on the face of this Note, in whole or from time to time in part, the Notes of this series pursuant to Section 3 of this Note. 
 “Redemption Date” shall mean the date specified as such in the notice demanded in Section 3 of this Note; provided,
however, if the Calculation Agent determines that a Market Disruption Event with respect to any Reference Equity, any shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on
the face of this Note is an exchange traded fund or the index underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund has occurred on a day that would otherwise be the
applicable Valuation Date, or if the applicable Valuation Date is not a Scheduled Trading Day, then the Redemption Date shall be postponed by a number of Business Days equal to the number of Scheduled Trading Days by which the applicable Valuation
Date is postponed. 
 “Redemption Notice” shall mean the notice of redemption mailed to the Holders pursuant to
Section 3 of this Note. 
 “Redemption Notice Period” shall have the meaning set forth in Section 3 of this Note.

 “Redemption Payment Amount” shall mean, for each $1,000 principal amount of Notes represented hereby, the greater of
(a) $1,000 and (b) the Alternative Redemption Amount. 
 “Reference Equity” shall mean the common stock, stock
index, exchange traded fund, basket of common stocks or basket of stock indices specified as such on the face of this Note. 
 “Relevant Exchange” shall mean, for any Settlement Value Security or any shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an
exchange traded fund, the primary United States national securities exchange, quotation system, including any bulletin board service, or market on which such Settlement Value Security or such shares are traded, or in case such Settlement Value
Security or such shares are not listed or quoted in the United States, the primary exchange, quotation system or market for such Settlement Value Security or such shares. 
 “Relevant Index” shall mean, if the Reference Equity specified on the face of this Note is a stock index or basket of stock indices,
any stock index included in the calculation of the Settlement Value by the Calculation Agent in accordance with the Calculation Agency Agreement, including any successor or substitute index selected by the Calculation Agent in accordance with the
Calculation Agency Agreement upon discontinuance of an index. The Relevant Indices will initially consist of those indices designated as the Reference Equity on the face of this Note. 
  

 18 

 “Reset Notice” shall have the meaning specified in Section 7 of this Note.

 “Scheduled Trading Day” means (a) in the case of any Settlement Value Security, any day on which the Relevant
Exchange for such security is scheduled to be open for trading for its regular trading session and (b) in the case of a Relevant Index, any day on which the Relevant Index is published by its publisher or otherwise determined by the Calculation
Agent pursuant to the Calculation Agency Agreement. 
 “Securities” shall have the meaning set forth in Section 1 of
this Note. 
 “Settlement Value”, when used with respect to an applicable Valuation Date, shall equal: 
  

	 	(1)	if the Reference Equity specified on the face of this Note is a common stock or a basket of common stocks, the sum of the products of the Closing Prices on the applicable Valuation
Date and the applicable Multipliers (as adjusted from time to time by the Calculation Agent pursuant to the Calculation Agency Agreement prior to the Close of Trading on the Valuation Date) for each Settlement Value Security on the Valuation Date,
together with any cash or other property included in the Settlement Value on the Valuation Date by the Calculation Agent pursuant to the Calculation Agency Agreement; provided that if the originally scheduled Valuation Date is postponed because of
the occurrence of a Market Disruption Event, the Settlement Value will equal (a) the sum of the products of the Closing Prices on the postponed Valuation Date and the applicable Multipliers for each Settlement Value Security for which no Market
Disruption Event occurred plus (b) the sum of the products of the Average Execution Price an affiliate of the Company receives or pays on the postponed Valuation Date upon the sale or purchase of each Settlement Value Security for which a
Market Disruption Event has occurred which was used to hedge the Company’s obligations under the Notes of this series and the applicable Multipliers (as adjusted from time to time by the Calculation Agent pursuant to the Calculation Agency
Agreement prior to the Close of Trading on the postponed Valuation Date), together with any cash or other property included in the Settlement Value on the Valuation Date by the Calculation Agent pursuant to the Calculation Agency Agreement;

  

	 	(2)	 if the Reference Equity specified on the face of this Note is an exchange traded fund, the sum of the products of the Closing Prices on the applicable Valuation
Date and the applicable Multipliers (as adjusted from time to time by the Calculation Agent pursuant to the Calculation Agency Agreement prior to the Close of Trading on the Valuation Date) for each Settlement Value Security on the Valuation Date,
together with any cash or other property included in the Settlement Value on the Valuation Date by the Calculation Agent pursuant to the Calculation Agency Agreement; provided that if the originally scheduled Valuation Date is postponed because of
the occurrence of a Market Disruption Event, the Settlement Value will equal (a) the sum of the products of the Closing Prices on the postponed Valuation Date and the applicable Multipliers for each Settlement Value Security for which no Market
Disruption Event occurred plus (b) the sum of the products of the Average Execution Price an affiliate of the Company receives or pays on the postponed Valuation Date upon the sale or purchase of each Settlement Value Security for which a
Market Disruption Event has occurred 

  

 19 

	 	 
which was used to hedge the Company’s obligations under the Notes of this series and the applicable Multipliers (as adjusted from time to time by the
Calculation Agent pursuant to the Calculation Agency Agreement prior to the Close of Trading on the postponed Valuation Date), together with any cash or other property included in the Settlement Value on the Valuation Date by the Calculation Agent
pursuant to the Calculation Agency Agreement; 

  

	 	(3)	if the Reference Equity specified on the face of this Note is a stock index, the Closing Level of the Relevant Index on the Valuation Date; or 

  

	 	(4)	if the Reference Equity specified on the face of this Note is a basket of stock indices, the sum of the products of the Closing Levels on the Valuation Date and the applicable Index
Weight for each Relevant Index. 

 The Settlement Value, and any adjustments thereto, shall be determined by the Calculation Agent pursuant to
the Calculation Agency Agreement. 
 “Settlement Value Securities” shall mean, if the Reference Equity specified on the
face of this Note is a common stock, a basket of common stocks or an exchange traded fund, the securities included in the calculation of the Settlement Value by the Calculation Agent pursuant to the Calculation Agency Agreement. The Settlement Value
Securities will initially consist of the common stocks or shares of the exchange traded fund designated as the Reference Equity on the face of this Note. 
 “Special Election Interval” shall have the meaning set forth in Section 10 of this Note. 
 “Special Election Period” shall have the meaning set forth in Section 10 of this Note. 
 “Specified
Currency” shall mean U.S. dollars or such other currency as is specified as such on the face of this Note. 
 “Stated
Maturity Date” shall mean the date specified as such on the face of this Note (except as otherwise provided in the case of an Extension of Maturity Note or an Extendible Note); provided, that if a Market Disruption Event with respect to one
or more of the Settlement Value Securities, any shares of other exchange traded funds underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund, one or more of the Relevant
Indices or the index underlying the Reference Equity, if applicable, if the Reference Equity specified on the face of this Note is an exchange traded fund, as the case may be, occurs on the applicable Valuation Date, or if the applicable Valuation
Date is not a Scheduled Trading Day, then the Stated Maturity Date shall be postponed by a number of Business Days equal to the number of Scheduled Trading Days by which the applicable Valuation Date is postponed. In the event of any acceleration of
the maturity of this Note prior to the Stated Maturity Date specified on the face of this Note, the term “Stated Maturity Date” when used herein shall refer, where applicable, to the date of acceleration of this Note. 
  

 20 

 “Stock Settlement” shall mean the option or right to pay or receive the Maturity
Payment Amount or Optional Repurchase Amount in shares of the Settlement Value Securities, as set forth in Section 6 of this Note. 
 “Subsequent Interest Period” shall have the meaning set forth in Section 7 of this Note. 
 “Threshold Value” shall have the meaning set forth on the face of this Note. 
 “Total Option
Value” shall mean, with respect to any Dual Currency Note on any date, an amount (calculated as of such date by the Option Value Calculation Agent specified on the face of this Note) equal to the sum of the Option Values (calculated as of
such date by the Option Value Calculation Agent) for all Interest Payment Dates occurring after the date of calculation up to and including the Stated Maturity Date. 
 “Trustee” shall have the meaning set forth in Section 1 of this Note. 
 “Valuation Date” shall mean, unless otherwise specified on the face of this Note, (a) in the case of payment on the Stated Maturity Date, the third Business Day prior to the Stated Maturity Date, (b) in the case
of Redemption, the date that the Redemption Notice is mailed and (c) in the case of Optional Repurchase, the date that is a number of Business Days equal to the Determination Period before the Optional Repurchase Date; provided,
however, in each case, if a Market Disruption Event occurs on any such date, as determined by the Calculation Agent pursuant to the Calculation Agency Agreement, or if such date is not a Scheduled Trading Day, the Valuation Date shall be
postponed to the next Scheduled Trading Day on which no Market Disruption Event occurs; provided, further, if a Market Disruption Event occurs on each of the eight Scheduled Trading Days following the originally scheduled Valuation
Date, then that eighth Scheduled Trading Day shall be deemed the Valuation Date and the Calculation Agent shall determine, in accordance with the Calculation Agency Agreement, the Closing Price of the affected Settlement Value Securities or the
Closing Level of the Relevant Index, as the case may be, based upon its estimate of the value of the Settlement Value Security or Relevant Index, as of the Close of Trading on that eighth Scheduled Trading Day. 
 “Yield to Maturity” shall mean the percentage specified as such on the face of this Note. 
  

 21 

 OPTION TO ELECT REPURCHASE 
 The undersigned owner of this Note hereby irrevocably elects to have the Company repurchase the principal amount of this Note or portion hereof below
designated at (i) the Optional Repurchase Amount plus accrued interest to but excluding the Optional Repurchase Date, if this Note is to be repurchased pursuant to the Optional Repurchase provision described in Section 5 of this Note, or
(ii) the price specified pursuant to the Optional Interest Reset provision described in Section 7 of this Note or the Extension of Maturity Notes provision described in Section 10 of this Note. Any such election is irrevocable except
as provided in Section 7 of this Note or Section 10 of this Note. 
 If the repurchase of this Note is pursuant to Section 5
of this Note and if the undersigned has the option to elect to have the repurchase settled in stock, the undersigned has indicated below if that option is being exercised. 
  

			
	Dated:                                     
                                       	  	  

		  	 Signature
 Sign exactly as name appears on the front of
this Note [SIGNATURE GUARANTEED - required only if Notes of this series are to be issued and delivered to other than the registered Holder]

		
	 Principal Amount to be repurchased, if amount to be repurchased is less than the principal amount of this Note (principal amount remaining

must be an authorized denomination)
  
 $                                
	  	 Fill in for registration of Notes of this series if to be issued otherwise than to the registered Holder:
  
 Name: ________________________
 Address:_______________________
 ______________________________
 ______________________________
 (Please print name and address including zip code)

		
	 Stock Settlement option
 elected
	  	 SOCIAL SECURITY OR
 OTHER TAXPAYER ID
NUMBER:

	 ̈  YES     ̈  NO	  	  

 OPTION TO ELECT TERMINATION OF AUTOMATIC EXTENSION 
 The undersigned owner of this Note hereby irrevocably elects to terminate the automatic extension of this Note or of the portion of the principal amount
of this Note below designated. Any such election is irrevocable and will be binding on any subsequent Holder hereof. 
  

			
	Dated:                                     
                                       	  	  

		  	 Signature
 Sign exactly as name appears on the front
of this Note [SIGNATURE GUARANTEED - required only if Notes of this series are to be issued and delivered to other than the registered Holder]

		
	 Principal Amount to be terminated, if amount to be terminated is less than the principal amount of this Note (such principal amount must be an
authorized denomination)
  
 $                                
	  	 Fill in for registration of Notes of this series if to be issued otherwise than to the registered Holder:
  
 Name: ________________________
 Address:_______________________
 ______________________________
 ______________________________
 (Please print name and address including zip code)

		
		  	 SOCIAL SECURITY OR OTHER TAXPAYER
 ID
NUMBER

 The following abbreviations, when used in the inscription on the face of this instrument, shall be
construed as though they were written out in full according to applicable laws or regulations: 
  

			
	TEN COM -	    	as tenants in common
		    	
	TEN ENT -	    	as tenant by the entireties
	JT TEN -	    	as joint tenants with right of
		    	survivorship and not as tenants in common
	 UNIF GIFT
 MIN ACT-
	    	_________ Custodian _________
	                          (Cust)             
         (Minor)

		    	under Uniform Gifts to Minors Act
		    	                                       
                 (State)
		    	

 Additional abbreviations may also be used though not in the above list. 
 FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
  

	
	(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE)

 (PLEASE PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
 – 
 – 
 the within Note of LEHMAN BROTHERS HOLDINGS INC. and all rights thereunder and does hereby irrevocably constitute and appoint 

	
	 

 Attorney to transfer the said Note on the books of the within-named Company, with full power of substitution in the
premises. 
  

					
	Dated:            	 	Signature:                                     
                                     
		 		 	 NOTICE: The signature to this assignment must
 correspond with the name as it appears upon the
 face of the within Note in every particular,

without alteration or enlargement or any change
 whatsoever.

 Signature(s) Guaranteed: 
  

	
	____________________________
	The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature
guarantee medallion program), pursuant to SEC rule 17Ad-15.

 Schedule I 
 Amortization Table 
  

			
	Date	  	Payment

 EXHIBIT A 
 RESET NOTICE 
 LEHMAN BROTHERS HOLDINGS INC. 
 Medium-Term Notes, Series I 
 Performance Linked to the Value of a Common Stock, a

 Stock Index, an Exchange Traded Fund, a Basket of Common Stocks or a Basket of Stock 
 Indices 
 CUSIP No.
                     
 Registered
Nos.     -     
 LEHMAN BROTHERS HOLDINGS INC., a corporation duly organized and
existing under the laws of the State of Delaware (the “Company”), is the issuer of the above-referenced Notes (the “Notes”). Capitalized terms used herein and not defined are used as defined in the Notes. 
 The Company hereby elects to reset the Interest Rate set forth on the face of the Notes. On and after
                            1/, the Interest Rate shall be
                            . 
 Each Holder of a Note has the option to elect repurchase by the Company of such Note, or any portion thereof, on any Optional Reset Date pursuant to the
terms of such Note. The Notes may be repaid on the dates and at the prices set forth below: 
 Date                                     
                               Redemption Price 
 IN WITNESS WHEREOF, Lehman Brothers Holdings Inc. has caused this Reset Notice to be signed by its Chairman of the Board, its President, its Vice
Chairman, its Chief Financial Officer, one of its Vice Presidents or its Treasurer and to be attested by its Secretary or one of its Assistant Secretaries. 
 Dated: 
  

							
		 		 	LEHMAN BROTHERS HOLDINGS INC.
				
		 		 	By:	 	  

	  
	 		 	Title:	 	  

		 		 	Attest:	 	  

		 		 	Title:	 	  

	1/	Insert applicable Optional Reset Date.Employment Agreement with James R. Burke

 Exhibit 10.1 
 Execution Copy 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (“Agreement”) is made by and between NuWave Energy Technologies, Inc., a Delaware corporation
(“Company”), and James R. Burke (“Employee”). 
 W I T N E S S E T H: 
 WHEREAS, Company desires to employ Employee on the terms and conditions, and for the consideration, hereinafter set forth and Employee desires to
be employed by Company on such terms and conditions and for such consideration; 
 NOW, THEREFORE, for and in consideration of the
mutual promises, covenants and obligations contained herein, Company and Employee agree as follows: 
 ARTICLE I 
 EMPLOYMENT AND DUTIES 
 1.1
Employment; Effective Date. Company agrees to employ Employee and Employee agrees to be employed by Company, beginning as of May 31, 2005 (the “Effective Date”) and continuing for the period of time set forth in
Article II of this Agreement, subject to the terms and conditions of this Agreement. 
 1.2 Positions. 
 (a) From and after the Effective Date, Company shall employ Employee in the position of Chief Executive Officer and President of Company,
or in such other position or positions as the parties mutually may agree, until such time as a new Chief Executive Officer of Company (the “New CEO”) is hired to replace Employee in that position. Upon such hiring and subject to the mutual
agreement by the New CEO and Employee, Company shall employ Employee in a position responsible for the sourcing, structuring and closing of acquisitions involving Company and its subsidiaries. Employee shall report to Company’s Board of
Directors (the “Board”). 
 (b) If the New CEO and Employee do not agree with respect to Employee serving in the
position described in Section 1.2 (a), then Employee shall become a consultant to the Company for the remainder of the Primary Employment Period or the Additional Employment Period, (as such terms are defined in Section 2.1 hereof), as
applicable. In such case, Employee shall continue to receive installments of his base salary in accordance with Section 3.1 for the remainder of the Primary Employment Period or the Additional Employment Period, as applicable; provided,
however, Employee shall not be entitled to receive any of the other benefits described in Article III. In his capacity as consultant to Company, Employee shall devote as much time to Company as is reasonable for a consultant in Company’s
Business and shall perform such tasks as are mutually agreed upon by Employee and Company. 

 1.3 Duties and Services. Employee agrees to serve in the positions referred to in
Section 1.2 and to perform diligently and to the best of his abilities the reasonable duties and services appertaining to such offices, as identified in Annex A hereto, as well as such additional duties and services appropriate to such offices
which the parties mutually may agree upon from time to time, all as commensurate with the authority vested in Employee pursuant to this Agreement and consistent with the governing documents of Company. Employee’s employment shall also be
subject to the policies maintained and established by Company, that are of general applicability to similarly situated employees (as such policies may be amended from time to time); provided, however, that, except as set forth in Section 8.13,
no policy, procedure, course of dealing or other statement, whether written or oral, may modify this Agreement or create any other contractual obligation or term between Employee and Company. 
 1.4 Other Interests. Employee agrees, during the period of his employment by Company, to devote reasonable business time, energy and
best efforts to the business and affairs of Company and its subsidiaries to ensure their continued success and development and not to engage, directly or indirectly, in any other business or businesses, whether or not similar to that of Company,
except with the consent of the Board. The foregoing notwithstanding, the parties recognize and agree that Employee may engage in passive personal investments that do not unreasonably conflict with the business and affairs of Company or unreasonably
interfere with Employee’s performance of his duties hereunder. 
 1.5 Duty of Loyalty. Employee acknowledges and
agrees that Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act in the best interests of Company and to do no willful act that would injure the business, interests, or reputation of Company or any of its affiliates. In keeping
with these duties, Employee shall make full disclosure to Company of all business opportunities pertaining to Company’s business and shall not appropriate for Employee’s own benefit business opportunities concerning Company’s
business. If Employee’s other business interests reasonably present a conflict of interest or the appearance of a conflict of interest with Company’s business, Employee shall fully disclose the conflict or apparent conflict and Company
shall resolve the conflict or apparent conflict in a manner that fairly balances the interests of Company and Employee. 
 ARTICLE II 

 TERM AND TERMINATION OF EMPLOYMENT 
 2.1 Term. Subject to Section 1.2 hereof, unless sooner terminated pursuant to other provisions hereof, Company agrees to employ Employee for the period (the “Primary Employment
Period”) beginning on the Effective Date and ending on the second anniversary of the Effective Date; provided, however, that at any time prior to the second anniversary of the Effective Date, Company and Employee may mutually agree to extend
the term of Employee’s employment to a date to be determined by such parties (such extended term the “Additional Employment Period”). The term of employment shall automatically terminate upon Employee’s death, if it has not been
terminated earlier as provided in this Agreement. 
  

 2 

 2.2 Company’s Right to Terminate. Notwithstanding the provisions of
Section 2.1, Company shall have the right to terminate Employee’s employment under this Agreement at any time for any of the following reasons: 
 (a) upon Employee’s becoming incapacitated by accident, sickness or other circumstance which renders him mentally or physically incapable of performing the duties and services required of him hereunder on a
full-time basis for a period of at least 120 consecutive days or for a period of 180 days during any 12-month period (“Disability”); 
 (b) for cause, which for purposes of this Agreement shall mean Employee (i) has been convicted of, or pleaded no contest to, a misdemeanor involving moral turpitude or a felony, (ii) has engaged in gross
negligence or willful misconduct which is materially injurious (monetarily or otherwise) to Company or any of its subsidiaries (including, without limitation, misuse of Company’s or a subsidiary’s funds or other property), (iii) has
willfully refused without proper legal reason to perform Employee’s duties as set forth herein, provided such refusal continues 30 days after notice from Company to Employee of such refusal and opportunity to cure, which notice refers to this
Section 2.2(b)(iii), or (iv) has materially breached, as has been determined by the Board, any material provision of this Agreement or any other written agreement between Company or any of its subsidiaries and Employee, or any material
written corporate policy maintained and established by Company or any of its subsidiaries that is of general applicability to similarly situated employees and has been provided to Employee, provided such breach is not cured within 30 days after
notice from Company to Employee of such breach and opportunity to cure, which notice refers to this Section 2.2(b)(iv). 
 (c) at any time for any other reason whatsoever or for no reason at all, in the sole discretion of Company. 
 Notwithstanding the foregoing, Company
shall not have the right to terminate Employee’s employment under this Agreement prior to November 30, 2005 for any reason other than those contemplated by Section 2.2(a) or (b). 
 2.3 Employee’s Right to Terminate. Notwithstanding the provisions of Section 2.1, Employee shall have the right to
terminate his employment under this Agreement for any of the following reasons: 
 (a) within 60 days of, and in connection
with or based upon, a breach by Company of any material provision of this Agreement or any other agreement between Company and Employee; 
 (b) within 60 days of, and in connection with or based upon, the relocation of Employee’s office to any geographic location in excess of a 60 mile radius from the location of his office on the date hereof;

 (c) unless with the express written consent of Employee, (i) the assignment to Employee of any duties inconsistent in
any substantial respect with Employee’s position, authority or responsibilities as contemplated by Article I of this Agreement or (ii) any other substantial change in such position, including titles, authority or responsibilities, from
those contemplated by Article I of this Agreement; 
  

 3 

 (d) a requirement by Company that Employee perform any act or refrain from performing any
act that would be in violation of any applicable law; or 
 (e) (i) upon a Change of Control and (ii) (A) the
assignment to Employee of any duties inconsistent in any substantial respect with Employee’s position, authority or responsibilities as contemplated by Article I of this Agreement or (B) any other substantial change in such position,
including titles, authority or responsibilities, from those contemplated by Article I of this Agreement. For purposes of this Section 2.3(e), “Change of Control” shall mean shall mean (i) the sale, lease, exchange or other
transfer of all or substantially all of the assets of Company (or consummation of any transaction having similar effect), (ii) a merger, consolidation or other similar transaction in which all of the stockholders of Company immediately prior to
the effective date of such merger, consolidation or other transaction have, immediately following such merger, consolidation or other transaction, “beneficial ownership” (as defined in Rule 13d-3 under the Securities Exchange Act of 1934,
as amended) of securities of Company (or the surviving entity) representing less than 30% of the combined voting power of Company’s (or the surviving entity’s) then-outstanding securities ordinarily having the right to vote at elections of
the Board (or the surviving entity’s board of directors or similar governing body), or (iii) the dissolution or liquidation of Company. 
 Prior to
Employee’s termination of employment under Section 2.3 (a), (b), (c) or (d), Employee must give written notice to Company of any such breach, relocation, assignment or change or requirement, and such breach, relocation, assignment or
change must remain uncorrected for 30 days following such written notice. 
 2.4 Notice of Termination. If Company or Employee
desires to terminate Employee’s employment hereunder at any time prior to expiration of the term of employment as provided in Section 2.1, it or he shall do so by giving at least 30 days’ written notice to the other party that it or
he has elected to terminate Employee’s employment hereunder and stating the effective date and reason for such termination; provided, however, that such termination shall be effective immediately upon receipt of notice from Company that such
termination is for a reason contemplated by Section 2.2(b); provided further, however, that no such action shall alter or amend any other provisions hereof or rights arising hereunder, including, without limitation, the provisions of
Section 3.3 and Articles IV, V, VI and VII hereof. 
 2.5 Deemed Resignations. Unless otherwise agreed to in writing by
Company and Employee prior to the termination of Employee’s employment, any termination of Employee’s employment shall constitute an automatic resignation of Employee as an officer of Company and each affiliate of Company, and an automatic
resignation of Employee from the Board (if applicable) and from the board of directors of any affiliate of Company and from the board of directors or similar governing body of any corporation, limited liability company or other entity in which
Company or any affiliate holds an equity interest and with respect to which board or similar governing body Employee serves as Company’s or such affiliate’s designee or other representative. 
  

 4 

 ARTICLE III 
 COMPENSATION AND BENEFITS 
 3.1 Base Salary. Subject to Article VI, during the
period beginning on the Effective Date and ending on the second anniversary of the Effective Date, and, if applicable, the Additional Employment Period, Employee shall receive an annual base salary of $175,000 (the “Base Salary”).
Employee’s annual base salary may be reviewed by the Board (or a committee thereof) and, in the sole discretion of the Board (or a committee thereof), such annual base salary may be increased, but not decreased, effective as of any date
determined by the Board. Employee’s base salary shall be paid in equal installments in accordance with Company’s standard policy regarding payment of compensation to similarly situated employees but no less frequently than monthly.

 3.2 Bonuses. 
 (a) Employee shall be eligible for a bonus (the “Initial Bonus”) in an amount up to $70,000 for the calendar year ending on December 31, 2005, and the Initial Bonus, if any, shall be payable to Employee
within thirty (30) days after the completion of Company’s year-end audit for the calendar year ending on December 31, 2005. The Initial Bonus shall be determined in accordance with the following schedule: 
  

			
	 Amount of the Initial Bonus
	  	 EBITDA (as defined below)
 For Calendar Year
 Ending on
December 31, 2005
 (in $millions)

	$0	  	EBITDA less than or equal to $5.0
		
	 An amount equal to the product of
 (x) the excess of EBITDA
 over $5.0 million
 multiplied by (y) .035
	  	EBITDA greater than $5.0 but less than $7.0
		
	$70,000	  	EBITDA greater than or equal to $7.0

 (b) For purposes of this Section 3.2(a) and Section 3.2(b) below,
“EBITDA” shall mean, with respect to Company and its subsidiaries, collectively, earnings (after the accrual of employee bonuses but before any one-time gains or losses on sales) before interest, taxes and depreciation, calculated
consistent with past practices. For purposes only with respect to the Initial Bonus, earnings shall be calculated (A) after the payment by Access Oil Tools, Inc., a Louisiana corporation and wholly-owned subsidiary of Company
(“Access”), of a consulting fee in the amount of $150,000 to an affiliate of SCF V, L.P., a Delaware limited partnership (“SCF”), but (B) before (1) the payment by Access of incentive compensation in the amount of
$219,413 to certain of its managerial employees, (2) the payment by Access of the aggregate amount of commissions to International Tool Company, Ltd., a Texas limited partnership, or a successor thereto (3) the payment by Access in the
amount of $449,089 to Todd Broussard (“Broussard”) in 

  

 5 

 
connection with the termination of Broussard’s consulting arrangement with Access, and (4) the payment by Access of legal fees and other one-time
transaction costs incurred by Access in connection with its acquisition by Company. 
 (c) Set forth on Annex B hereto
for illustrative purposes are sample calculations of the Initial Bonus payment payable in accordance with the foregoing provisions. 
 (d) Employee shall be eligible for an annual bonus for the fiscal year ending December 31, 2006, and any fiscal year ending during the Additional Employment Period provided that Employee remains employed by Company in his current
capacity as Chief Executive Officer of Company for all or part of such fiscal year (in the event Employee is not employed as Chief Executive Officer for all of such fiscal year, the bonus for such year shall be prorated as appropriate). Such bonus,
if any, shall be payable to Employee within thirty (30) days after the completion of Company’s year-end audit for the fiscal year in which such bonus, if any, was earned, and shall be determined in accordance with the following schedule:

  

			
	 Amount of Bonus As % of Base Salary (1) (2)

	  	 EBITDA
 For Relevant Fiscal Year (1) (2)

	0%	  	 EBITDA
 less
than or equal to 85% of
 Budgeted EBITDA
 (as agreed to by Board and Employee)

		
	 1% to 30%, prorated on a sliding scale
 (whereupon if EBITDA
 is equal to 130% of Budgeted EBITDA,
 a 30% bonus shall be awarded)
 and rounded up to
the nearest whole percent
	  	 EBITDA
 greater than 85%
 but less than or equal to 130% of
 Budgeted EBITDA
 (as agreed to by Board and Employee)

		
	30%	  	 EBITDA
 greater than 130% of
 Budgeted EBITDA
 (as agreed to by Board and Employee)

  

	(1)	If the duties of the position of Chief Executive Officer materially change insofar as the focus of such duties include, but limited to, that of managing a larger corporation rather
than an acquisitive smaller corporation, the Board (or a committee thereof) may, in its sole discretion, adjust the bonus payments, if any, for the calendar years ending on December 31, 2006 and 2007 to be consistent with that of bonus payments
received by a Chief Executive Officer of a larger corporation. 

  

	(2)	Targets to be adjusted based on additional capital expenditures and/or expected performance from acquisitions; calculation of EBITDA will be after the provision for SCF’s
consulting fees. 

  

 6 

 3.3 Special Growth Success Fee. For so long as Employee serves in either of the
positions described in Section 1.2(a) hereof, Employee will be entitled to receive an amount in cash (the “Special Growth Success Fee”) equal to the product of (i) .01 multiplied by (ii) the amount, if any, of any form of
equity or debt investment in Company or any of its subsidiaries by SCF or any of the SCF Affiliates (as defined below) for the primary purpose of closing a transaction in which Company or any of its subsidiaries acquires all or substantially all of
the assets, or a majority of the equity, of any Person (an “SCF-Funded Acquisition”); provided that such SCF-Funded Acquisition is duly authorized and approved by the Board and that Employee is significantly involved in the sourcing,
structuring and closing of such SCF-Funded Acquisition during the term of this Agreement. The Special Growth Success Fee, if any, shall be payable to Employee as soon as administratively feasible after the closing of an SCF-Funded Acquisition. As
used in this Section 3.3, “Person” means any natural person, firm, partnership, association, corporation, limited liability company, company, trust, entity, public body or government. “SCF Affiliates” means any affiliate of
SCF other than the Company or its subsidiaries 
 3.4 Other Perquisites. During his employment hereunder, Employee and,
to the extent applicable, Employee’s spouse, dependents and beneficiaries, shall be allowed to participate in all benefit plans and programs of Company (other than any annual incentive or bonus plans, programs or arrangements), including
improvements or modifications of the same, which are now, or may hereafter be, available to similarly situated employees. Company shall not, however, by reason of this Section 3.4, be obligated to institute, maintain, or refrain from changing,
amending, or discontinuing any such benefit plan or program, so long as such changes are similarly applicable to similar situated employees generally. 
 3.5 Business Expenses. During Employee’s employment hereunder, Company shall promptly reimburse Employee for all appropriately documented, reasonable business expenses incurred by Employee in
the performance of his duties under this Agreement. 
 3.6 Vacation; Holidays. Employee shall be entitled to four
(4) weeks paid vacation each year. Employee shall also be entitled to the paid holidays and other paid leave available to similarly situated employees. 
 3.7 Facilities; Automobile. 
 (a) Company will furnish Employee office
space in Houston, Texas and Lafayette, Louisiana, and equipment, supplies, and such other facilities and personnel as are reasonably necessary or appropriate for the performance of Employee’s duties under this Agreement. 
 (b) Company shall provide Employee with a automobile allowance of Seven Hundred Fifty Dollars ($750.00) per month. Company shall reimburse
Employee for all costs of gasoline, oil, repairs, maintenance and other similar expenses incurred by Employee by reason of the use of such automobile for Company business from time to time. 
 3.8 Indemnity and Insurance. Company shall indemnify and hold harmless Employee for any liability incurred by reason of any act or
omission performed by Employee 

  

 7 

 
while acting in good faith on behalf of Company and within the scope of the authority of Employee pursuant to this Agreement and to the fullest extent
provided under Company’s certificate of incorporation and bylaws, and any other applicable law. Company shall provide, as long as Employee is an executive or director of the Company, that Employee is covered by directors and officers insurance
to the fullest extent that Company provides to any of its other executives or directors. 
 ARTICLE IV 
 PROTECTION OF INFORMATION 
 4.1
Access to Information. Company shall, during the time that Employee is employed by Company, (a) disclose or entrust to Employee, or provide Employee access to, or place Employee in a position to create or develop trade secrets
or confidential information belonging to Company or its affiliates, (b) place Employee in a position to develop business goodwill belonging to Company or its affiliates or (c) disclose or entrust to Employee business opportunities to be
developed for Company or its affiliates. 
 4.2 Disclosure to and Property of Company. All information, trade secrets,
designs, ideas, concepts, improvements, product developments, discoveries and inventions, whether patentable or not, that are conceived, made, developed or acquired by Employee, individually or in conjunction with other employees or agents, during
the term and in the scope of his employment that relate to Company’s or any of its subsidiaries’ business, products or services (including, without limitation, all such information relating to corporate opportunities, research, financial
and sales data, pricing terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the customer’s organizations or within the organization of
acquisition prospects, or exploration, production, marketing and merchandising techniques, prospective names and marks) and all writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries,
inventions and other similar forms of expression (collectively, “Confidential Information”) shall be the sole and exclusive property of Company or its subsidiaries. Employee agrees to perform all actions reasonably requested by Company or
its subsidiaries to establish and confirm such exclusive ownership. Upon termination of Employee’s employment by Company, for any reason, Employee promptly shall deliver all writings or materials of any type in his possession or control
embodying such Confidential Information and work product, and all copies thereof, to Company. “Confidential Information” does not, however, include any information that, at the time of disclosure by Company, is available to the public
other than as a result of any act of Employee. 
 4.3 No Unauthorized Use or Disclosure. Employee agrees that Employee
will preserve and protect the confidentiality of all Confidential Information and work product of Company and its subsidiaries, and will not, at any time during or, for two (2) years after the termination of Employee’s employment with
Company, make any unauthorized disclosure of, and shall not remove from Company premises, and will use his best efforts to prevent the removal from Company premises of, Confidential Information or work product of Company or its subsidiaries, or make
any use thereof, in each case, except in the carrying out of Employee’s responsibilities hereunder. Employee shall inform all persons or entities to whom or to which any Confidential Information shall be disclosed by him in accordance with this
Agreement about 

  

 8 

 
the confidential nature of such Confidential Information. Employee shall have no obligation hereunder to keep confidential any Confidential Information if
and to the extent disclosure thereof is specifically required by law; provided, however, that in the event disclosure is required by applicable law and Employee is making such disclosure, Employee shall provide Company with prompt notice of such
requirement, and shall use his commercially reasonable efforts to give such notice prior to making any disclosure, so that Company may seek an appropriate protective order. At the request of Company, Employee agrees to deliver to Company, at any
time during the term of employment all Confidential Information that he may possess or control. Upon the termination of Employee’s employment with the Company, Employee shall deliver to the Company all Confidential Information that he may
possess or control. 
 4.4 Ownership by Company. If, during Employee’s employment by Company, Employee creates any
original work of authorship fixed in any tangible medium of expression which is the subject matter of copyright (such as videotapes, written presentations on acquisitions, computer programs, drawings, maps, architectural renditions, models, manuals,
brochures, or the like) relating to the business, products, or services of Company and its affiliates, whether such work is created solely by Employee or jointly with others (whether during business hours or otherwise and whether on Company’s
premises or otherwise), Employee shall disclose such work to Company. Company shall be deemed the author of such work if the work is prepared by Employee in the scope of Employee’s employment; or, if the work is not prepared by Employee within
the scope of Employee’s employment but is specially ordered by Company or its affiliates as a contribution to a collective work, as a part of a motion picture or other audiovisual work, as a translation, as a supplementary work, as a
compilation, or as an instructional text, then the work shall be considered to be work made for hire and Company or its affiliates shall be the author of the work. If such work is neither prepared by Employee within the scope of Employee’s
employment nor a work specially ordered and is deemed to be a work made for hire, then Employee hereby agrees to assign, and by these presents does assign, to Company all of Employee’s worldwide rights, titles, and interests in and to such work
and all rights of copyright therein. 
 4.5 Assistance by Employee. During the period of Employee’s employment by
Company, Employee shall assist Company and its nominee, at any time, in the protection of Company’s or its subsidiaries’ worldwide right, title and interest in and to Confidential Information and the execution of all formal assignment
documents requested by Company or its nominee and the execution of all lawful oaths and applications for patents and registration of copyright in the United States and foreign countries. After Employee’s employment with Company terminates, at
the request and cost of Company or its subsidiaries, Employee shall reasonably assist Company and its nominee, at reasonable times and for reasonable periods, in the protection of Company’s or its subsidiaries’ worldwide right, title and
interest in and to Confidential Information and the execution of all formal assignment documents requested by Company or its nominee and the execution of all lawful oaths and applications for patents and registration of copyright in the United
States and foreign countries, all as may be requested by Company from time to time. 
 4.6 Remedies. Employee
acknowledges that money damages would not be sufficient remedy for any breach of this Article IV by Employee, and Company or its subsidiaries shall be entitled to enforce the provisions of this Article IV by terminating payments then owing
to 

  

 9 

 
Employee under this Agreement and/or by specific performance and injunctive relief as remedies for such breach or any threatened breach. Company’s
recovery of money damages for any breach of this Article IV shall be limited to the amount of actual damages suffered by Company or its subsidiaries as a result of such breach plus reasonable attorneys’ fees incurred in connection therewith.

 ARTICLE V 
 STATEMENTS
CONCERNING COMPANY AND EMPLOYEE 
 5.1 Statements by Employee. Employee shall refrain, both during and after the
termination of the employment relationship for a period of two (2) years, from publishing any oral or written statements about Company, any of its affiliates or any of such affiliates’ officers, employees, consultants, agents or
representatives that (a) are slanderous, libelous or defamatory, (b) disclose private information about or Confidential Information of Company, any of its affiliates or any of such affiliates’ business affairs, officers, employees,
consultants, agents or representatives, or (c) place Company, any of its affiliates, or any of such affiliates’ officers, employees, consultants, agents or representatives in a false light before the public. A violation or threatened
violation of this prohibition may be enjoined by the courts. The rights afforded Company and its affiliates under this provision are in addition to any and all rights and remedies otherwise afforded by law. 
 5.2 Statements by Company. Company shall refrain, both during and after the termination of the employment relationship for a period
of two (2) years, from publishing any oral or written statements about Employee, any of his affiliates or any of such affiliates’ officers, employees, consultants, agents or representatives that (a) are slanderous, libelous or
defamatory, (b) disclose private information about or confidential information of Employee, any of his affiliates or any of such affiliates’ business affairs, officers, employees, consultants, agents or representatives, or (c) place
Employee, any of his affiliates, or any of such affiliates’ officers, employees, consultants, agents or representatives in a false light before the public. A violation or threatened violation of this prohibition may be enjoined by the
courts. The rights afforded Employee and his affiliates under this provision are in addition to any and all rights and remedies otherwise afforded by law. 
 ARTICLE VI 
 EFFECT OF TERMINATION ON COMPENSATION 
 6.1 Termination By Expiration or Death. Except as provided in Section 6.2 or 6.3 below, if Employee’s employment hereunder
shall terminate (a) upon expiration of the Primary Employment Period or, if applicable, the Additional Employment Period as provided in Section 2.1 or (b) upon Employee’s death or disability, then all compensation and all
benefits to Employee hereunder shall terminate contemporaneously with termination of his employment; provided, further, that if such termination occurs for a reason other than those encompassed by Section 2.2(b), then Company shall (i) pay
to Employee a prorated bonus in accordance with the terms herein for the calendar year during which such termination occurs, and any accrued vacation and holiday pay as of the date of termination, and (ii) provide, as applicable, Employee and
his family continued coverage for such period under all health, life, disability and similar employee benefit plans and programs of Company on the same basis as they were entitled to participate immediately prior to such termination (provided that
such continued participation is possible under the general terms and provisions of such plans and programs). 
  

 10 

 6.2 Termination By Company. If Employee’s employment hereunder shall be
terminated by Company prior to expiration of the Primary Employment Period or, if applicable, the Additional Employment Period as provided in Section 2.1, then, upon such termination, regardless of the reason therefor, all compensation and
benefits to Employee hereunder shall terminate contemporaneously with the termination of such employment; provided, however, that if such termination occurs for a reason other than those encompassed by Section 2.2(a) or (b), then Company shall
continue to pay to Employee (or, upon Employee’s death following such termination, his beneficiaries or estate) Employee’s then current base salary pursuant to Section 3.1 for the unexpired portion, if any, of the Primary Employment
Period, or, if applicable, the Additional Employment Period; provided, further, that if such termination occurs for a reason other than those encompassed by Section 2.2(b), then Company shall (i) pay to Employee a prorated bonus in
accordance with the terms herein for the calendar year during which such termination occurs, and any accrued vacation and holiday pay as of the date of termination, and (ii) provide, as applicable, Employee and his family continued coverage for
such period under all health, life, disability and similar employee benefit plans and programs of Company on the same basis as they were entitled to participate immediately prior to such termination (provided that such continued participation is
possible under the general terms and provisions of such plans and programs). 
 6.3 Termination By Employee. If
Employee’s employment hereunder shall be terminated by Employee prior to expiration of the Primary Employment Period or the Additional Employment Period as provided in Section 2.1, then, upon such termination, regardless of the reason
therefor, all compensation and benefits to Employee hereunder shall terminate contemporaneously with the termination of such employment except for the payment to Employee of a prorated bonus in accordance with the terms herein for the calendar year
during which such termination occurs; provided, however, that, in addition to the payment of any such bonus, if such termination occurs for a reason encompassed by Section 2.3(a), or (b), (c), (d) or (e), then Company shall
(i) continue to pay to Employee (or, upon Employee’s death following such termination, his beneficiaries or estate) Employee’s then current base salary pursuant to Section 3.1 for the unexpired portion, if any, of the Primary
Employment Period or, if applicable, the Additional Employment Period, and pay to Employee any accrued vacation and holiday pay as of the date of termination, and (ii) provide, as applicable, Employee and his immediate family continued coverage
for such period under all health, life, disability and similar employee benefit plans and programs of Company on the same basis as they were entitled to participate immediately prior to such termination (provided that such continued participation is
possible under the general terms and provisions of such plans and programs). 
 6.4 No Duty to Mitigate Losses. Employee
shall have no duty to find new employment following the termination of his employment under circumstances which require Company to pay any amount to Employee pursuant to this Article VI. Any salary or remuneration received by Employee from a
third party for the provision of personal services (whether by employment or by functioning as an independent contractor) following the termination of his employment under circumstances pursuant to which Section 6.2 or 6.3 applies shall
not reduce Company’s obligation to make a payment to Employee (or the amount of such payment) pursuant to the terms of any such Section. 
  

 11 

 6.5 Liquidated Damages. In light of the difficulties in estimating the damages for
an early termination of this Agreement, Company and Employee hereby agree that the payments, if any, to be received by Employee pursuant to Section 6.2 or 6.3 shall be received by Employee as liquidated damages. 
 6.6 Release and Full Settlement. Anything to the contrary herein notwithstanding, as a condition to the receipt of any payments
under this Section 6, an Employee shall first execute a release, in a form reasonably acceptable to Company, releasing Company, Parent, its subsidiaries, affiliates, shareholders, partners, officers, directors, employees and agents from any and
all claims and from any and all causes of action of any kind or character including, but not limited to, all claims or causes of action arising out of such Employee’s employment with Company or the termination of such employment, but excluding
all claims to payments Employee may have under this Agreement. The performance of Company’s obligations hereunder and the receipt of any benefits provided hereunder by such Employee shall constitute full settlement of all such claims and causes
of action. 
 ARTICLE VII 
 NON-COMPETITION AGREEMENT 
 7.1 Definitions. As used in this Article VII, the following terms
shall have the following meanings: 
 “Business” means the business and operations as are currently being performed by Company and
its subsidiaries, including the manufacture, sale, service and rental of capital equipment and tools used in the drilling, workover or production phases of the oilfield services and equipment industry. 
 “Prohibited Period” means the period during which Employee is employed by Company hereunder and a period of two years thereafter. 

“Restricted Area” means the State of Texas and each of the parishes in the State of Louisiana set forth on Annex C hereto.

 7.2 Non-Competition; Non-Solicitation. Employee and Company agree to the non-competition and non-solicitation
provisions of this Article VII (i) as part of the consideration for the compensation and benefits to be paid to Employee hereunder, (ii) to protect the trade secrets and confidential information of Company or its affiliates disclosed
or entrusted to Employee by Company or its affiliates or created or developed by Employee for Company or its affiliates, the business goodwill of Company or its affiliates developed through the efforts of Employee and/or the business opportunities
disclosed or entrusted to Employee by Company or its affiliates and (iii) as an additional incentive for Company to enter into this Agreement. 
 (a) Subject to the exceptions set forth in section 7.2(b) below, Employee expressly covenants and agrees that during the Prohibited Period, (i) he will refrain from carrying on or engaging in, directly or
indirectly, the Business in the Restricted Area and 

  

 12 

 
(ii) he will not, and he will cause his affiliates not to, directly or indirectly, own, manage, operate, join, become an employee of, control or participate
in or be connected with or loan money to or sell or lease equipment to any business, individual, partnership, firm, corporation or other entity which engages in the Business in the Restricted Area; provided, however, Employee may sell or lease real
property to any business, individual, partnership, firm, corporation or other entity which engages in the Business in the Restricted Area. 
 (b) Notwithstanding the restrictions contained in Section 7.2(a), Employee or any of his affiliates may own an aggregate of not more than 2.5% of the outstanding stock of any class of any corporation engaged
in the Business, if such stock is listed on a national securities exchange or regularly traded in the over-the-counter market by a member of a national securities exchange, without violating the provisions of Section 7.2(a), provided that
neither Employee nor any of his affiliates has the power, directly or indirectly, to control or direct the management or affairs of any such corporation and is not involved in the management of such corporation. 
 (c) Employee further expressly covenants and agrees that during the Prohibited Period, he will not, and he will cause his affiliates not
to (i) engage or employ, or solicit or contact with a view to the engagement or employment of, any person who is an officer or employee of Company or its affiliates or (ii) canvass, solicit, approach or entice away or cause to be
canvassed, solicited, approached or enticed away from Company or its affiliates any person who or which is a customer of Company or its affiliates during the period during which Employee is employed by Company. 
 7.3 Relief. Employee and Company agree and acknowledge that the limitations as to time, geographical area and scope of activity to
be restrained as set forth in Section 7.2 are reasonable and do not impose any greater restraint than is necessary to protect the legitimate business interests of Company. Employee and Company also acknowledge that money damages would not be
sufficient remedy for any breach of this Article VII by Employee, and Company or its affiliates shall be entitled to enforce the provisions of this Article VII by terminating payments then owing to Employee under this Agreement or
otherwise and to specific performance and injunctive relief as remedies for such breach or any threatened breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article VII but shall be in addition to all remedies
available at law or in equity, including the recovery of damages from Employee and his agents. 
 7.4 Reasonableness;
Enforcement. Employee hereby represents to Company that he has read and understands, and agrees to be bound by, the terms of this Article VII. Employee acknowledges that the geographic scope and duration of the covenants
contained in this Article VII are the result of arm’s-length bargaining and are fair and reasonable in light of (a) the nature and wide geographic scope of the operations of the Business, (b) Employee’s level of control over
and contact with the Business in all jurisdictions in which it is conducted, (c) the fact that the Business is conducted throughout the Restricted Area and (d) the amount of compensation that Employee is receiving in connection with the
performance of his duties hereunder. It is the desire and intent of the Parties that the provisions of this Article VII be enforced to the fullest extent permitted under applicable Legal Requirements, whether now or 

  

 13 

 
hereafter in effect and therefore, to the extent permitted by applicable Legal Requirements, Employee and Company hereto waive any provision of applicable
Legal Requirements that would render any provision of this Article VII invalid or unenforceable. 
 7.5
Reformation. Company and Employee agree that the foregoing restrictions are reasonable under the circumstances and that any breach of the covenants contained in this Article VII would cause irreparable injury to Company.
Employee understands that the foregoing restrictions may limit Employee’s ability to engage in certain businesses anywhere in the United States during the Prohibited Period, but acknowledges that Employee will receive sufficiently high
remuneration and other benefits from Company to justify such restriction. Further, Employee acknowledges that his skills are such that he can be gainfully employed in non-competitive employment, and that the agreement not to compete will in no way
prevent him from earning a living. Nevertheless, if any of the aforesaid restrictions are found by a court of competent jurisdiction to be unreasonable, or overly broad as to geographic area or time, or otherwise unenforceable, the parties intend
for the restrictions therein set forth to be modified by the court making such determination so as to be reasonable and enforceable and, as so modified, to be fully enforced. By agreeing to this contractual modification prospectively at this time,
Company and Employee intend to make this provision enforceable under the law or laws of all applicable States so that the entire agreement not to compete and this Agreement as prospectively modified shall remain in full force and effect and shall
not be rendered void or illegal. Such modification shall not affect the payments made to Employee under this Agreement. 
 ARTICLE VIII

 MISCELLANEOUS 
 8.1 Notices. 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 (a) when received if delivered personally or by
courier, (b) on the date receipt is acknowledged if delivered by certified mail, postage prepaid, return receipt requested or (c) one day after transmission if sent by facsimile transmission with confirmation of transmission, as follows:

  

			
	 If to Employee, addressed to:
	  	Mr. James R. Burke
		  	74 Sugarberry Circle
		  	Houston, Texas 77024
		  	Facsimile: (713) 465-5886
		
	 If to Company, addressed to:
	  	NuWave Energy Technologies, Inc.
		  	c/o SCF-V, L.P.
		  	600 Travis, Suite 6600
		  	Houston, Texas 77002
		  	Attention: David Baldwin
		  	Facsimile: (713) 227-7850

 or to such other address as either party may furnish to the other in writing in accordance herewith, except that
notices or changes of address shall be effective only upon receipt. 
  

 14 

 8.2 Applicable Law; Submission to Jurisdiction. 
 (a) This Agreement is entered into under, and shall be governed for all purposes by, the laws of the State of Texas. 
 (b) With respect to any claim or dispute related to or arising under this Agreement, the parties hereto hereby consent to the exclusive
jurisdiction, forum and venue of the state and federal courts located in Harris County, Texas. 
 8.3 No Waiver. 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. 
 8.4 Severability. If a court of competent jurisdiction determines that
any provision of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in
full force and effect. 
 8.5 Counterparts. This Agreement may be executed in one or more counterparts, each of which
shall be deemed to be an original, but all of which together will constitute one and the same Agreement. 
 8.6 Withholding of Taxes
and Other Employee Deductions. Company may withhold from any benefits and payments made pursuant to this Agreement all federal, state, city and other taxes as may be required pursuant to any law or governmental regulation or ruling
and all other normal employee deductions made with respect to Company’s employees generally. 
 8.7 Headings. The
Section headings have been inserted for purposes of convenience and shall not be used for interpretive purposes. 
 8.8 Gender and
Plurals. Wherever the context so requires, the masculine gender includes the feminine or neuter, and the singular number includes the plural and conversely. 
 8.9 Affiliate. As used in this Agreement, the term “affiliate” shall mean, with respect to a particular person, any entity
which owns or controls, is owned or controlled by, or is under common ownership or control with, such person. 
 8.10
Assignment. This Agreement and the rights hereunder are personal in nature and may not be assigned by Company or Employee without the prior written consent of the other. Subject to the foregoing, this Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective successors and assigns. 
 8.11 Term. This
Agreement has a term co-extensive with the term of employment provided in Section 2.1; provided, that termination shall not affect any right or obligation of any party which is accrued or vested prior to such termination, and, without limiting
the scope of the preceding sentence, the provisions of Section 3.3, and Articles IV, V, VI and VII shall survive any termination of the employment relationship and/or of this Agreement. 
  

 15 

 8.12 Entire Agreement. Except as provided in the written benefit plans and programs
referenced in Section 3.3, this Agreement constitutes the entire agreement of the parties with regard to the subject matter hereof, and contains all the covenants, promises, representations, warranties and agreements between the parties with
respect to employment of Employee by Company. Without limiting the scope of the preceding sentence, all understandings and agreements preceding the date of execution of this Agreement and relating to the subject matter hereof are hereby null and
void and of no further force and effect. 
 8.13 Modification; Waiver. Any modification to or waiver of this Agreement
will be effective only if it is in writing and signed by the party to be charged. 
 [Signature page follows.]

  

 16 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective Date.

  

			
	NuWave Energy Technologies, Inc.
		
	By:	 	/s/ David C. Baldwin
	Name:	 	David C. Baldwin
	Title:	 	 Chairman, Chief Executive Officer
 and President

	
	
	/s/ James R. Burke
	James R. Burke

 JAMES R. BURKE 
 EMPLOYMENT AGREEMENT 
 SIGNATURE PAGE 

 ANNEX A 
 DUTIES 
 Employee will be initially employed as Chief Executive Officer and President of Company. The chief executive
officers, presidents and operating managers (or any similar positions) of the Company’s subsidiaries shall report to Employee. 
 Employee shall have,
among others, the following duties: 
  

	 	1)	Oversee the day-to-day direction and supervision of the businesses of the Company and its subsidiaries. 

  

	 	2)	Work with the business managers of the Company’s subsidiaries to develop a yearly budget and long term plans for each of their respective businesses. 

 

	 	3)	Assist in the sourcing, structuring and closing of acquisitions involving Company and its subsidiaries. 

 In the event a New CEO is hired to replace Employee in that position (which is envisioned at some point during the term of this Agreement), and further, should the New CEO and Employee mutually agree that Employee
should serve in the position described in Section 1.2 (a) of the Agreement, Employee shall have the following duties: 
  

	 	1)	Assist the New CEO in his or her duties. 

  

	 	2)	Continue to assist in the sourcing, structuring and closing of acquisitions involving Company and its subsidiaries. 

 In the event the New CEO and Employee do not mutually agree on Employee serving in the position with Company of sourcing, structuring and closing acquisitions involving
Company and its subsidiaries, then Employee shall become a consultant of Company in accordance with Section 1.2(b) of this Agreement. 
  

 A-1 

 ANNEX B 
 SAMPLE BONUS PAYMENT CALCULATIONS 
  

	(A)	If EBITDA of $5.25 million is achieved with respect to the calendar year ending on December 31, 2005, the bonus payment payable to Employee for such year shall be $8,750.

  

	(B)	If EBITDA of $6.0 million is achieved with respect to the calendar year ending on December 31, 2005, the bonus payment payable to Employee for such year shall be $35,000.

  

 B-1 

 ANNEX C 
 NON-COMPETITION PARISHES 
  

					
	Acadia Parish	  	Allen Parish	  	Ascension Parish
			
	Assumption Parish	  	Avoyelles Parish	  	Beauregard Parish
			
	Bienville Parish	  	Bossier Parish	  	Caddo Parish
			
	Calcasieu Parish	  	Caldwell Parish	  	Cameron Parish
			
	Catahoula Parish	  	Claiborne Parish	  	Concordia Parish
			
	De Soto Parish	  	East Baton Rouge Parish	  	East Carroll Parish
			
	East Feliciana Parish	  	Evangeline Parish	  	Franklin Parish
			
	Grant Parish	  	Iberia Parish	  	Iberville Parish
			
	Jackson Parish	  	Jefferson Parish	  	Jefferson Davis Parish
			
	Lafayette Parish	  	Lafourche Parish	  	La Salle Parish
			
	Lincoln Parish	  	Livingston Parish	  	Madison Parish
			
	Morehouse Parish	  	Natchitoches Parish	  	Orleans Parish
			
	Ouachita Parish	  	Plaquemines Parish	  	Pointe Coupee Parish
			
	Rapides Parish	  	Red River Parish	  	Richland Parish
			
	Sabine Parish	  	St. Bernard Parish	  	St. Charles Parish
			
	St. Helena Parish	  	St. James Parish	  	St. John the Baptist Parish
			
	St. Landry Parish	  	St. Martin Parish	  	St. Mary Parish
			
	St. Tammany Parish	  	Tangipahoa Parish	  	Tensas Parish
			
	Terrebonne Parish	  	Union Parish	  	Vermilion Parish
			
	Vernon Parish	  	Washington Parish	  	Webster Parish
			
	West Baton Rouge Parish	  	West Carroll Parish	  	West Feliciana Parish
			
	Winn Parish	  		  	

  

 C-1 

 From: David C. Baldwin [mailto:DBaldwin@scfpartners.com] 
 Sent: Friday, May 04, 2007 5:28 PM 
 To: James Harris

 Cc: Jamie Burke; Cris Gaut; Jonathan Fairbanks 
 Subject: 
 Jim: 
 Per your request, the
following is my understanding of my agreement, as Chairman of Forum, with Jamie Burke related to his 2007 compensation and corresponding changes to his existing Employment Agreement: 
 1. Base compensation for calendar year 2007 will be $250,000 per year. 
 2. He will have a plan to earn up to 100% of his base salary if the company meets and exceeds its targeted EBITDA performance for the year, as approved by the Board. 
 3. The incentive whereby he would earn 1% of any subsequent investment dollars invested by SCF in the company would truncate at an additional investment
during 2007 of $25 MM by SCF. In other words, once he had earned $250,000 from this bonus scheme during 2007, there would no further possibility for any bonus payments under that mechanism going forward. 
 4. These arrangements would last through the end of 2007. Any subsequent arrangements extending into 2008 would be agreed upon by the Board and Jamie at a
later date. 
 5. All other elements of Jamie’s original employment contract would stay as originally drafted. 
 If these terms are as recalled and agreed to by Jamie, please have him sign this sheet of paper recognizing the amendment to our agreement, and keep in your files. Also,
if you would respond back to this email that he has agreed, it would be appreciated. 
 Please contact me should you have any questions or comments.

 Regards, 
  
 David Baldwin 
 P. S. I believe I have twice shared the general context of this compensation arrangement with Cris and
Jonathan, as Directors. If either of your recollection is different, please let me know.

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