Document:

Exhibit 4.2

 Exhibit 4.2 
 SIXTH SUPPLEMENTAL INDENTURE 
 Dated as of July 12, 2011 

among 

GENERAL DYNAMICS CORPORATION 
 and 
 THE GUARANTORS 

and 
 THE BANK
OF NEW YORK MELLON 
 as Trustee 
 to the 
 INDENTURE 

Dated as of August 27, 2001 
 Providing for the issuance of 
 1.375% Notes due 2015 

2.250% Notes due 2016 
 3.875% Notes due 2021 

 THIS SIXTH SUPPLEMENTAL INDENTURE, dated as of July 12, 2011 (this “Sixth
Supplemental Indenture”), among General Dynamics Corporation, a Delaware corporation (the “Company”), the Guarantors (as defined herein) and The Bank of New York Mellon, a New York banking corporation, as trustee (the
“Trustee”) to the Indenture, dated as of August 27, 2001 (the “Base Indenture”), among the Company, the guarantors named therein and the Trustee. 

WHEREAS, the Company, the Guarantors and the Trustee have heretofore executed and delivered the Base Indenture to provide for the
issuance from time to time of Securities (as defined in the Base Indenture) of the Company, to be issued in one or more series; 

WHEREAS, Section 9.01(5) of the Base Indenture provides, among other things, that the Company and the Trustee may enter into
indentures supplemental to the Base Indenture for, among other things, the purpose of establishing the designation, form, terms and provisions of Securities of any series as provided by Articles 2 and 3 of the Base Indenture; 

WHEREAS, the Company (i) desires the issuance of three new series of Securities to be known as its “1.375% Notes due 2015”
(the “2015 Notes”), its “2.250% Notes due 2016” (the “2016 Notes”) and its “3.875% Notes due 2021” (the “2021 Notes” and, together with the 2015 Notes and the 2016 Notes, the
“Notes”) and (ii) has requested the Trustee to enter into this Sixth Supplemental Indenture for the purpose of establishing the designation, form, terms and provisions of the Securities of each such series; 

WHEREAS, all action on the part of the Company necessary to authorize the issuance of said Securities under the Base Indenture and this
Sixth Supplemental Indenture has been duly taken; 
 WHEREAS, all acts and requirements necessary to make this Sixth
Supplemental Indenture the legal, valid and binding obligation of the Company have been done. 
 NOW, THEREFORE, THIS SIXTH
SUPPLEMENTAL INDENTURE WITNESSETH: 
 That, in order to establish the designation, form, terms and provisions of, and to
authorize the authentication and delivery of, said Securities, and in consideration of the acceptance of said Securities by the Holders thereof and of other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows: 

 ARTICLE 1 
 DEFINITIONS 
 (a) Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings ascribed thereto in the Base Indenture. 
 (b) The rules of interpretation set
forth in the Base Indenture shall be applied hereto as if set forth in full herein. 
 (c) For all purposes of this Sixth
Supplemental Indenture, except as otherwise expressly provided or unless the context otherwise requires, the following terms shall have the following respective meanings (such meanings shall apply equally to both the singular and plural forms of the
respective terms). 
 “Comparable Treasury Issue” means the United States Treasury security selected by
an Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Notes. 
 “Comparable Treasury
Price” means, with respect to any Redemption Date for the Notes, the average of four Reference Treasury Dealer Quotations obtained by the Trustee for that applicable Redemption Date, after excluding the highest and lowest of such Reference
Treasury Dealer Quotations, or, if the Trustee obtains fewer than four Reference Treasury Dealer Quotations, the average of all Reference Treasury Dealer Quotations obtained by the Trustee. 

“Guarantors” means, initially, American Overseas Marine Corporation, a Delaware corporation, Bath Iron Works
Corporation, a Maine corporation, Electric Boat Corporation, a Delaware corporation, General Dynamics Armament and Technical Products, Inc., a Delaware corporation, General Dynamics Government Systems Corporation, a Delaware corporation, General
Dynamics Land Systems Inc., a Delaware corporation, General Dynamics Ordnance and Tactical Systems, Inc., a Virginia corporation, Gulfstream Aerospace Corporation, a Delaware corporation, and National Steel and Shipbuilding Company, a Nevada
corporation. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers, to be appointed by
the Company. 
 “Notes” shall have the meaning ascribed thereto in Section 2.01(a) hereof. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date,
the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30
p.m., New York City time, on the third Business Day preceding the Redemption Date. 

  
 3 

 “Reference Treasury Dealer” means each of (i) Merrill Lynch, Pierce,
Fenner & Smith Incorporated, J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities, LLC; and (ii) one other primary U.S. Government securities dealer (a “Primary Treasury Dealer”) chosen by the
Company, and their respective successors. If Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, RBS Securities Inc. or Wells Fargo Securities, LLC ceases to be a Primary Treasury Dealer, the Company will appoint
in its place another nationally recognized investment banking firm that is a Primary Treasury Dealer. 
 “Remaining
Scheduled Payments” means, with respect to each Note that the Company is redeeming, the remaining scheduled payments of the principal thereof and interest thereon that would be due after the related Redemption Date if such Note were not
redeemed. However, if the Redemption Date is not a scheduled interest payment date with respect to that Note, the amount of the next succeeding scheduled interest payment on that Note will be deemed to be reduced by the amount of interest accrued on
such Note to the Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per
annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for
that Redemption Date. The Treasury Rate will be calculated on and as of the third Business Day immediately preceding the Redemption Date. 
 ARTICLE 2 
 GENERAL TERMS AND
CONDITIONS OF THE NOTES 
 Section 2.01. Designation and
Principal Amount.  
 (a) There is hereby authorized a new series of Securities designated the 1.375% Notes due 2015. The
aggregate principal amount of the 2015 Notes authorized by this Sixth Supplemental Indenture shall initially be $500,000,000. 

(b) There is hereby authorized a new series of Securities designated the 2.250% Notes due 2016. The aggregate principal amount of the
2016 Notes authorized by this Sixth Supplemental Indenture shall initially be $500,000,000. 
 (c) There is hereby authorized a
new series of Securities designated the 3.875% Notes due 2021. The aggregate principal amount of the 2021 Notes authorized by this Sixth Supplemental Indenture shall initially be $500,000,000. 

  
 4 

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

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

Section 2.02. Maturity.  
 (a) The date upon which the 2015 Notes shall become due and payable at final maturity, together with any accrued and unpaid interest, is January 15, 2015. 

(b) The date upon which the 2016 Notes shall become due and payable at final maturity, together with any accrued and unpaid interest, is
July 15, 2016. 
 (c) The date upon which the 2021 Notes shall become due and payable at final maturity, together with any
accrued and unpaid interest, is July 15, 2021. 
 Section 2.03. Interest.  

(a) The 2015 Notes will bear interest at the rate of 1.375% per annum from July 12, 2011, until the principal thereof becomes
due and payable. 
 (b) The 2016 Notes will bear interest at the rate of 2.250% per annum from July 12, 2011, until
the principal thereof becomes due and payable. 
 (c) The 2021 Notes will bear interest at the rate of 3.875% per annum
from July 12, 2011, until the principal thereof becomes due and payable. 
 (d) Interest on the Notes will be payable
semi-annually in arrears on the Interest Payment Dates (as defined in the Base Indenture) with respect to the Notes, which shall be January 15 and July 15 of each year, commencing January 15, 2012, to the Person in whose name any such
Note or any predecessor Note is registered, at the close of business on the Regular Record Date with respect to the Notes for such interest installment, which, in the case of a Global Security, shall be the close of business on the January 1
and July 1 next preceding such Interest Payment Date. If the Notes are no longer in book-entry only form, the Regular Record Dates for the Notes shall also be the close of business on the January 1 and July 1 next preceding such
Interest Payment Date. 
 (e) In the event that any Interest Payment Date with respect to the Notes is not a Business Day, then
payment of interest payable on such date will be made on the next succeeding day which is a Business Day, with the same force and effect as if made on such date, and no interest shall accrue on the amount so payable from the period from and after
such interest Payment Date. 

  
 5 

 Section 2.04. Global Securities.  

Each series of Notes shall be issued in the form of one or more Global Securities in an aggregate principal amount equal to the aggregate
principal amount of all outstanding Notes of that series, to be registered in the name of the Depository, or its nominee, and delivered by the Trustee to or upon the order of the Depository for crediting to the accounts of its participants pursuant
to the written instructions of the Company. The Company upon any such presentation shall execute one or more Global Securities in such aggregate principal amount and deliver the same to the Trustee for authentication and delivery in accordance with
the Base Indenture and this Sixth Supplemental Indenture. Payments on Notes issued as one or more Global Securities will be made to the Depository. 
 ARTICLE 3 
 REDEMPTION OF THE
NOTES 
 Section 3.01. Optional Redemption of the Notes.  

(a) The Company may, at its option, at any time and from time to time, redeem any series of the Notes issued under this Sixth
Supplemental Indenture, in whole or in part, upon payment of a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present
values of the Remaining Scheduled Payments discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 12.5 basis points in the case of the 2015 Notes, 12.5 basis
points in the case of the 2016 Notes and 15 basis points in the case of the 2021 Notes; provided that if the Company redeems any 2021 Notes on or after April 15, 2021 (three months prior to the maturity date of the 2021 Notes), the Redemption
Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed. The Redemption Price for the Notes will include, in each case, accrued but unpaid interest, if any, on the principal amount of Notes being redeemed to but
excluding, the Redemption Date. 
 (b) With respect to the Notes, all references to Redemption Price in the Base Indenture shall
mean Redemption Price as defined in this Sixth Supplemental Indenture. 
 Section 3.02. No Sinking Fund. 

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

  
 6 

 ARTICLE 4 
 FORM OF NOTES 
 Section 4.01.
Form of Note. 
 The Notes and the Trustee’s certificate of authentication thereon shall be substantially in the
respective forms set forth in Exhibits A, B and C hereto. 
 ARTICLE 5 

ORIGINAL ISSUE OF NOTES 

Section 5.01. Original Issue of Notes: Further Issuances.  

(a) Each of the 2015 Notes, the 2016 Notes and the 2021 Notes, in each case having an initial aggregate principal amount of $500,000,000
may, upon execution of this Sixth Supplemental Indenture, be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said series of Notes to or upon the written order of the
Company pursuant to Section 3.03 of the Base Indenture without any further action of the Company. 
 (b) The Company may,
from time to time create and issue additional Notes due 2015, Notes due 2016 and Notes due 2021 under this Sixth Supplemental Indenture ranking equally and ratably with the outstanding Notes due 2015, Notes due 2016 and Notes due 2021, respectively,
in all respects (or in all respects except for the payment of interest accruing prior to the issue date of such additional series of Notes or except for the first payment of interest following the issue date of such additional series of Notes)
without notice to or the consent of the Holders of outstanding Notes of such series. The initially issued 2015 Notes, 2016 Notes and 2021 Notes and any additional 2015 Notes, 2016 Notes or 2021 Notes subsequently issued shall be consolidated and
form a single series with the outstanding 2015 Notes, 2016 Notes and 2021 Notes, respectively, for all purposes of this Sixth Supplemental Indenture and shall have the same terms as to status, redemption or otherwise as the outstanding Notes of such
series. Any such additional series of Notes referred to in this Section 5.01 will be issued under a further supplemental indenture. 
 ARTICLE 6 
 MISCELLANEOUS 

Section 6.01. Ratification of Base Indenture. 
 The Base Indenture, as supplemented by this Sixth Supplemental Indenture, is in all respects ratified and confirmed, and this Sixth Supplemental Indenture shall be deemed part of the Base Indenture in the
manner and to the extent herein and therein provided. 

  
 7 

 Section 6.02. Trustee Not Responsible for Recitals.  

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

Section 6.03. Governing Law.  
 THIS SIXTH SUPPLEMENTAL INDENTURE AND EACH NOTE OF EACH SERIES CREATED HEREUNDER SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF
LAWS PRINCIPLES THEREOF. 
 Section 6.04. Separability.  

In case any one or more of the provisions contained in this Sixth Supplemental Indenture or in any series of the Notes shall for any
reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Sixth Supplemental Indenture or of any series of the Notes, but this Sixth
Supplemental Indenture and any series of the Notes shall be construed as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 
 Section 6.05. Counterparts.  
 This Sixth Supplemental Indenture may
be executed in any number of counterparts, each of which when so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

  
 8 

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

			
	 GENERAL DYNAMICS CORPORATION
  

AMERICAN OVERSEAS MARINE CORPORATION

		
	 Each By:
	 	/s/ David H. Fogg
		 	Name:   David H. Fogg
		 	 Title:     Vice President and Treasurer

  

			
	 BATH IRON WORKS CORPORATION
  

ELECTRIC BOAT CORPORATION
  
 GENERAL DYNAMICS ARMAMENT AND TECHNICAL PRODUCTS, INC.
  
 GENERAL DYNAMICS GOVERNMENT SYSTEMS CORPORATION
  
 GENERAL DYNAMICS LAND SYSTEMS INC.
  
 GENERAL DYNAMICS ORDNANCE AND TACTICAL SYSTEMS, INC.
  
 GULFSTREAM AEROSPACE CORPORATION
  
 NATIONAL STEEL AND SHIPBUILDING COMPANY

		
	Each By:	 	/s/ David H. Fogg
		 	Name:   David H. Fogg
		 	Title:     Treasurer

 [Signature Page to the Sixth Supplemental Indenture] 

 
			
	 THE BANK OF NEW YORK MELLON,
 as Trustee

		
	By:	 	/s/ Timothy W. Casey
		 	Name:   Timothy W. Casey
		 	 Title:     Vice President

 [Signature Page to the Sixth Supplemental Indenture] 

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

			
	No. [    ]	  	 CUSIP: 369550 AS7
 ISIN: US369550AS76

$[                    ]

 GENERAL DYNAMICS CORPORATION 
 1.375% Notes Due 2015 
 GENERAL DYNAMICS CORPORATION, a corporation duly organized
and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to [ ] or its
registered assigns, the principal sum of [ ] ($ [ ]) on January 15, 2015, and to pay interest thereon from and including July 12, 2011 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest
has been paid or duly provided for, as the case may be. 
 Interest will be paid semi-annually on January 15 and
July 15 of each year (each, an “Interest Payment Date”), commencing January 15, 2012, at the rate of 1.375% per annum, until the principal hereof is paid or made available for payment. The interest so payable and
punctually paid or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date
for such interest, which shall be the January 1 and July 1, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for
will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for
the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. Payment of the principal of and interest on this Note will be made at
the offices or agencies of the Company maintained for such purpose in the Borough of Manhattan, The City of New York; provided that interest on this Note will be paid by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or, at the option of the Company, by wire transfer to an account designated by such Person in a bank located in the United States. Interest on overdue principal and (to the extent permitted by applicable law) on
overdue installments of interest shall accrue at the rate of 1.375% per annum. Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months. 

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

The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on
this 12th day of July, 2011. 
  

			
	GENERAL DYNAMICS CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	Attest:
		
	By:	 	 
		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the Notes due 2015 herein referred to in the within-mentioned Indenture.

  

									
	Dated:                     	 		 	 THE BANK OF NEW YORK MELLON,
 as Trustee

					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF NOTE DUE 2015) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of August 27, 2001, duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as trustee (the
“Trustee”), as supplemented to date, including by the Sixth Supplemental Indenture dated as of July 12, 2011, by and among the Company, the Guarantors named therein and the Trustee (the Indenture, as so supplemented, the
“Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company, the
Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Indenture. This series of
Notes is initially offered in aggregate principal amount as specified in said Sixth Supplemental Indenture. 
 The Company at
its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be
redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 12.5 basis
points. The Redemption Price for the Notes will include accrued but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on
the Notes or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will be made upon not less than 30 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. If the
Notes are only partially redeemed, the Notes to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate; provided, that if at the time of redemption the Notes are registered as Global Securities,
the Depository shall determine, in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes to be redeemed. The Redemption Price shall be paid prior to 12:00 noon, New York time, on the Redemption Date or such
earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Redemption Price by 10:00 a.m., New York time, on the date such Redemption Price is to be paid. 

 In the event of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 In case an Event
of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions
provided in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the
Holders of not less than a majority in aggregate principal amount of the Notes of each series affected at the time outstanding, as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no such supplemental indenture shall, among other
things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, without
the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holders of each Note then
outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of the Notes of any series at the time outstanding affected thereby, on behalf of all of the Holders of the
Notes of such series, to waive any past default in the performance of any of the covenants contained in the Indenture, or established pursuant to the Indenture with respect to such series, and its consequences, except a default in the payment of the
principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future
Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note.

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

 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and
for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent and the Security Registrar may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon
made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Company nor the Trustee nor any
paying agent nor any Security Registrar shall be affected by any notice to the contrary. 
 No recourse shall be had for the
payment of the principal of, premium, if any, or the interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture, against any incorporator, stockholder, officer or director, past,
present or future, as such, of the Company or any Guarantor or of any predecessor or 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 issuance hereof, expressly waived and released. 
 The Notes of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes
in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like
aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS NOTE WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

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

Please insert Taxpayer Identification No.:
                                 

Please print or typewrite name and address including zip code of assignee:
                                 

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

			
	
		
	By:	 	 
		
	Date:	 	 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of
Decrease in
Principal
Amount of
this Global
Note	  	Amount of
Increase in
Principal
Amount of
this Global
Note	  	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	  	Signature of
Authorized
Signatory of
Trustee

 

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

			
	No. [    ]	  	 CUSIP: 369550 AQ1
 ISIN: US369550AQ11

$[                    ]

 GENERAL DYNAMICS CORPORATION 
 2.250% Notes Due 2016 
 GENERAL DYNAMICS CORPORATION, a corporation duly organized
and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to [ ] or its
registered assigns, the principal sum of [ ] ($ [ ]) on July 15, 2016, and to pay interest thereon from and including July 12, 2011 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has
been paid or duly provided for, as the case may be. 
 Interest will be paid semi-annually on January 15 and July 15
of each year (each, an “Interest Payment Date”), commencing January 15, 2012, at the rate of 2.250% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid
or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such
interest, which shall be the January 1 and July 1, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest to be fixed by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. Payment of the principal of and interest on this Note will be made at
the offices or agencies of the Company maintained for such purpose in the Borough of Manhattan, The City of New York; provided that interest on this Note will be paid by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or, at the option of the Company, by wire transfer to an account designated by such Person in a bank located in the United States. Interest on overdue principal and (to the extent permitted by applicable law) on
overdue installments of interest shall accrue at the rate of 2.250% per annum. Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months. 

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

The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on
this 12th day of July, 2011. 
  

			
	GENERAL DYNAMICS CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	Attest:
		
	By:	 	 
		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the Notes due 2016 herein referred to in the within-mentioned Indenture.

  

									
	Dated:                 	 		 	 THE BANK OF NEW YORK MELLON,
 as Trustee

					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF NOTE DUE 2016) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of August 27, 2001, duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as trustee (the
“Trustee”), as supplemented to date, including by the Sixth Supplemental Indenture dated as of July 12, 2011, by and among the Company, the Guarantors named therein and the Trustee (the Indenture, as so supplemented, the
“Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company, the
Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Indenture. This series of
Notes is initially offered in aggregate principal amount as specified in said Sixth Supplemental Indenture. 
 The Company at
its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be
redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 12.5 basis
points. The Redemption Price for the Notes will include accrued but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on
the Notes or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will be made upon not less than 30 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. If the
Notes are only partially redeemed, the Notes to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate; provided, that if at the time of redemption the Notes are registered as Global Securities,
the Depository shall determine, in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes to be redeemed. The Redemption Price shall be paid prior to 12:00 noon, New York time, on the Redemption Date or such
earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Redemption Price by 10:00 a.m., New York time, on the date such Redemption Price is to be paid. 

 In the event of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 In case an Event
of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions
provided in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the
Holders of not less than a majority in aggregate principal amount of the Notes of each series affected at the time outstanding, as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no such supplemental indenture shall, among other
things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, without
the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holders of each Note then
outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of the Notes of any series at the time outstanding affected thereby, on behalf of all of the Holders of the
Notes of such series, to waive any past default in the performance of any of the covenants contained in the Indenture, or established pursuant to the Indenture with respect to such series, and its consequences, except a default in the payment of the
principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future
Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note.

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

As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable by the registered Holder
hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer 

 
at the office or agency of the Trustee in the City and State of New York accompanied by a written instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly
executed by the registered Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and for the same aggregate principal amount and series will be issued to the designated transferee
or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in relation thereto. 

Prior to due presentment for registration of transfer of this Note, the Company, the Trustee, any paying agent and the Security Registrar
may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon made by anyone other than the Security Registrar) for the purpose
of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any
notice to the contrary. 
 No recourse shall be had for the payment of the principal of, premium, if any, or the interest on
this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture, against any incorporator, stockholder, officer or director, past, present or future, as such, of the Company or any Guarantor or of
any predecessor or 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 issuance hereof, expressly waived and released. 
 The Notes of this series are issuable only in
registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes in definitive form only under certain limited circumstances set forth in the Indenture. As
provided in the Indenture and subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like aggregate principal amount of Notes of this series of a different authorized denomination, as
requested by the Holder surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the
meanings assigned to them in the Indenture. 
 THE INTERNAL LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE INDENTURE AND THIS
NOTE WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF. 

 [FORM OF TRANSFER NOTICE] 

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

Please insert Taxpayer Identification No.:
                                 

Please print or typewrite name and address including zip code of assignee:
                                 

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

			
	
		
	By:	 	 
		
	Date:	 	 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of
Decrease in
Principal
Amount of
this Global
Note	  	Amount of
Increase in
Principal
Amount of
this Global
Note	  	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	  	Signature of
Authorized
Signatory
of Trustee

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

			
		  	CUSIP: 369550 AR9
	No. [    ]	  	ISIN: US369550AR93

$[                    ]

 GENERAL DYNAMICS CORPORATION 
 3.875% Notes Due 2021 
 GENERAL DYNAMICS CORPORATION, a corporation duly organized
and existing under the laws of Delaware (herein called the “Company,” which term includes any successor corporation under the Indenture referred to on the reverse hereof), for value received, hereby promises to pay to [ ] or its
registered assigns, the principal sum of [ ] ($ [ ]) on July 15, 2021, and to pay interest thereon from and including July 12, 2011 or from and including the most recent Interest Payment Date (as hereinafter defined) to which interest has
been paid or duly provided for, as the case may be. 
 Interest will be paid semi-annually on January 15 and July 15
of each year (each, an “Interest Payment Date”), commencing January 15, 2012, at the rate of 3.875% per annum, until the principal hereof is paid or made available for payment. The interest so payable and punctually paid
or duly provided for on any Interest Payment Date will, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the Regular Record Date for such
interest, which shall be the January 1 and July 1, as the case may be, immediately preceding such Interest Payment Date. Except as otherwise provided in the Indenture, any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid (i) to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest to be fixed by the Trustee, notice whereof is to be given to Holders of Notes not less than 10 calendar days prior to such Special Record Date, or (ii) in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. Payment of the principal of and interest on this Note will be made at
the offices or agencies of the Company maintained for such purpose in the Borough of Manhattan, The City of New York; provided that interest on this Note will be paid by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register or, at the option of the Company, by wire transfer to an account designated by such Person in a bank located in the United States. Interest on overdue principal and (to the extent permitted by applicable law) on
overdue installments of interest shall accrue at the rate of 3.875% per annum. Interest on this Note shall be computed on the basis of a 360-day year of twelve 30-day months. 

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

The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same
effect as though fully set forth at this place. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be executed on
this 12th day of July, 2011. 
  

			
	GENERAL DYNAMICS CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	Attest:
		
	By:	 	 
		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated as the Notes due 2021 herein referred to in the within-mentioned Indenture.

  

									
	Dated:                        	 		 	THE BANK OF NEW YORK MELLON,
as Trustee
					
		 		 		 	By:	 	 
		 		 		 		 	Authorized Signatory

 (FORM OF REVERSE OF NOTE DUE 2021) 

This Note is one of a duly authorized series of Notes of the Company (herein sometimes referred to as the “Notes”), all
issued or to be issued under and pursuant to an Indenture dated as of August 27, 2001, duly executed and delivered by and among the Company, the Guarantors named therein and The Bank of New York Mellon, as trustee (the
“Trustee”), as supplemented to date, including by the Sixth Supplemental Indenture dated as of July 12, 2011, by and among the Company, the Guarantors named therein and the Trustee (the Indenture, as so supplemented, the
“Indenture”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company, the
Guarantors named therein and the Holders of the Notes. By the terms of the Indenture, the Notes are issuable in series that may vary as to amount, date of maturity, rate of interest and in other respects as provided in the Indenture. This series of
Notes is initially offered in aggregate principal amount as specified in said Sixth Supplemental Indenture. 
 The Company at
its option may, at any time and from time to time, redeem the Notes, in whole or in part, upon payment of a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of the Notes to be
redeemed or (ii) the sum of the present values of the Remaining Scheduled Payments discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the Treasury Rate plus 15 basis
points; provided that if the Company redeems any Notes on or after April 15, 2021 (three months prior to the maturity date of the Notes), the Redemption Price for those Notes will equal 100% of the principal amount of the Notes to be redeemed.
The Redemption Price for the Notes will include accrued but unpaid interest, if any, on the principal amount of the Notes being redeemed to but excluding the Redemption Date. On and after the Redemption Date, interest will cease to accrue on the
Notes or any portion thereof called for redemption, unless the Company defaults in the payment of the Redemption Price and accrued interest. 
 Any redemption pursuant to the preceding paragraph will be made upon not less than 30 nor more than 60 days’ prior notice before the Redemption Date to the Holders, at the Redemption Price. If the
Notes are only partially redeemed, the Notes to be redeemed shall be selected by the Trustee by such method as the Trustee shall deem fair and appropriate; provided, that if at the time of redemption the Notes are registered as Global Securities,
the Depository shall determine, in accordance with its procedures, the principal amount of such Notes held by each Holder of Notes to be redeemed. The Redemption Price shall be paid prior to 12:00 noon, New York time, on the Redemption Date or such
earlier time as the Company determines, provided that the Company shall deposit with the Trustee an amount sufficient to pay the Redemption Price by 10:00 a.m., New York time, on the date such Redemption Price is to be paid. 

 In the event of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 In case an Event
of Default, as defined in the Indenture, shall have occurred and be continuing, the principal of all of the Notes may be declared, and upon such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions
provided in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the
Holders of not less than a majority in aggregate principal amount of the Notes of each series affected at the time outstanding, as defined in the Indenture, to execute supplemental indentures for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying in any manner the rights of the Holders of the Notes; provided, however, that no such supplemental indenture shall, among other
things, (i) change the fixed maturity of any Notes of any series, or reduce the principal amount thereof, or reduce the rate or extend the time of payment of interest thereon, or reduce any premium payable upon the redemption thereof, without
the consent of the Holder of each Note so affected, or (ii) reduce the aforesaid percentage of Notes, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holders of each Note then
outstanding and affected thereby. The Indenture also contains provisions permitting the Holders of a majority in aggregate principal amount of the Notes of any series at the time outstanding affected thereby, on behalf of all of the Holders of the
Notes of such series, to waive any past default in the performance of any of the covenants contained in the Indenture, or established pursuant to the Indenture with respect to such series, and its consequences, except a default in the payment of the
principal of or premium, if any, or interest on any of the Notes of such series. Any such consent or waiver by the registered Holder (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future
Holders and owners of this Note and of any Note issued in exchange therefor or in place hereof (whether by registration of transfer or otherwise), irrespective of whether or not any notation of such consent or waiver is made upon this Note.

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

 As provided in the Indenture and subject to certain limitations therein set forth, this Note
is transferable by the registered Holder hereof on the Security Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Trustee in the City and State of New York accompanied by a written
instrument or instruments of transfer in form satisfactory to the Company or the Trustee duly executed by the registered Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of authorized denominations and
for the same aggregate principal amount and series will be issued to the designated transferee or transferees. No service charge will be made for any such transfer, but the Company may require payment of a sum sufficient to cover any tax or other
governmental charge payable in relation thereto. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee, any paying agent and the Security Registrar may deem and treat the registered Holder hereof as the absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of ownership or writing hereon
made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and interest due hereon and for all other purposes, and neither the Company nor the Trustee nor any
paying agent nor any Security Registrar shall be affected by any notice to the contrary. 
 No recourse shall be had for the
payment of the principal of, premium, if any, or the interest on this Note, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture, against any incorporator, stockholder, officer or director, past,
present or future, as such, of the Company or any Guarantor or of any predecessor or 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 issuance hereof, expressly waived and released. 
 The Notes of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiple of $1,000 above that amount. This Global Note is exchangeable for Notes
in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and subject to certain limitations herein and therein set forth, Notes of this series so issued are exchangeable for a like
aggregate principal amount of Notes of this series of a different authorized denomination, as requested by the Holder surrendering the same. 
 All terms used in this Note that are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

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

 [FORM OF TRANSFER NOTICE] 

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

Please insert Taxpayer Identification No.:
                                 

Please print or typewrite name and address including zip code of assignee:
                                 

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

Date:
                                 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of
Decrease in
Principal
Amount of
this Global
Note	  	Amount of
Increase in
Principal
Amount of
this Global
Note	  	Principal
Amount of
this Global
Note
Following
such Decrease
or Increase	  	Signature of
Authorized
Signatory
of TrusteeLexaria COrp.: Exhibit 10.1 - Filed by newsfilecorp.com

Exhibit 10.1

STOCK OPTION AGREEMENT 

LEXARIA CORP. 

THIS AGREEMENT is entered into as of the 8th day of July, 2011
(the “Date of Grant”) 

	BETWEEN: 	
	 	LEXARIA CORP., a company incorporated
      pursuant to the laws 
	 	of the State of Nevada, of Suite 950-1130 West
      Pender, 
	 	Vancouver, BC V6E 4A4 
	 	(the “Company”) 
	AND: 	
	 	  
	 	(the “Optionee”) 
	WHEREAS: 	

A.     The Board of Directors of the Company (the “Board”) has
approved and adopted the 2010 Stock Option Plan (the “Plan”), pursuant to which
the Board is authorized to grant to employees and other selected persons stock
options to purchase common shares of the Company (the “Common Stock”); 

B.     The Plan provides for the granting of stock options that
either (i) are intended to qualify as “Incentive Stock Options” within the
meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the
“Code”), or (ii) do not qualify under Section 422 of the Code (“Non-Qualified
Stock Options”); and 

C.     The Board has authorized the grant to the Optionee of
options to purchase a total of 100,000 shares of Common Stock (the
“Options”), which Options are intended to be (select one): 

[   ] Incentive Stock
Options; 
[X] Non Qualified Stock Options 

NOW THEREFORE, the Company agrees to offer to the Optionee the
option to purchase, upon the terms and conditions set forth herein and in the
Plan, XXX shares of Common Stock. Capitalized terms not otherwise defined
herein shall have the meanings ascribed thereto in the Plan. 

1.     Exercise Price. The exercise price of the options
shall be US $0.35 per share. 

- 2 - 

2.     Limitation on the Number of Shares. If the Options
granted hereby are Incentive Stock Options, the number of shares which may be
acquired upon exercise thereof is subject to the limitations set forth in
Section 5.1 of the Plan. 

3.     Vesting Schedule. The Options shall vest in
accordance with Exhibit A. 

4.     Options not Transferable. The Options may not be
transferred, assigned, pledged or hypothecated in any manner (whether by
operation of law or otherwise) other than by will, by applicable laws of descent
and distribution or, in the case of a Non-Qualified Stock Option, pursuant to a
qualified domestic relations order, and shall not be subject to execution,
attachment or similar process; provided, however, that if the Options
represent a Non-Qualified Stock Option, such Option is transferable without
payment of consideration to immediate family members of the Optionee or to
trusts or partnerships established exclusively for the benefit of the Optionee
and Optionee’s immediate family members. Upon any attempt to transfer, pledge,
hypothecate or otherwise dispose of any Option or of any right or privilege
conferred by the Plan contrary to the provisions thereof, or upon the sale, levy
or attachment or similar process upon the rights and privileges conferred by the
Plan, such Option shall thereupon terminate and become null and void. 

5.     Investment Intent. By accepting the Options, the
Optionee represents and agrees that none of the shares of Common Stock purchased
upon exercise of the Options will be distributed in violation of applicable
federal and state laws and regulations. In addition, the Company may require, as
a condition of exercising the Options, that the Optionee execute an undertaking,
in such a form as the Company shall reasonably specify, that the Stock is being
purchased only for investment and without any then-present intention to sell or
distribute such shares. 

6.     Termination of Employment and Options. Vested Options
shall terminate, to the extent not previously exercised, upon the occurrence of
the first of the following events: 

	 	(a) 	
      Expiration. Five (5) years from the Date of
      Grant.

	 	 	 
	 	(b) 	
      Termination for Cause. The date of the first
      discovery by the Company of any reason for the termination of an
      Optionee’s employment or contractual relationship with the Company or any
      related company for cause (as determined in the sole discretion of the
      Plan Administrator), and, if an Optionee’s employment is suspended pending
      any investigation by the Company as to whether the Optionee’s employment
      should be terminated for cause, the Optionee’s rights under this Agreement
      and the Plan shall likewise be suspended during the period of any such
      investigation.

	 	 	 
	 	(c) 	
      Termination Due to Death or Disability. The
      expiration of one (1) year from the date of the death of the Optionee or
      cessation of an Optionee’s employment or contractual relationship by
      reason of disability (as defined in Section 5.1(g) of the Plan). If an
      Optionee’s employment or contractual relationship is terminated by death,
      any Option held by the Optionee shall be exercisable only by the person or
      persons to whom such Optionee’s rights under such Option shall pass by the
      Optionee’s will or by the laws of descent and
  distribution.

- 3 - 

	 	(d) 	
      Termination for Any Other Reason. The expiration
      of ninety (90) days from the date of an Optionee’s termination of
      employment or contractual relationship with the Company or any Related
      Corporation for any reason whatsoever other than termination of service as
      a director, cause, death or Disability (as defined in Section 5.1(g) of
      the Plan).

Each unvested Option granted pursuant hereto shall terminate
immediately upon termination of the Optionee’s employment or contractual
relationship with the Company for any reason whatsoever, including Disability
unless vesting is accelerated in accordance with Section 5.1(f) of the Plan.

7.     Stock. In the case of any stock split, stock dividend
or like change in the nature of shares of Stock covered by this Agreement, the
number of shares and exercise price shall be proportionately adjusted as set
forth in Section 5.1(m) of the Plan. 

8.     Exercise of Option. Options shall be exercisable, in
full or in part, at any time after vesting, until termination; provided,
however, that any Optionee who is subject to the reporting and liability
provisions of Section 16 of the Securities Exchange Act of 1934 with
respect to the Common Stock shall be precluded from selling or transferring any
Common Stock or other security underlying an Option during the six (6) months
immediately following the grant of that Option. If less than all of the shares
included in the vested portion of any Option are purchased, the remainder may be
purchased at any subsequent time prior to the expiration of the Option term. No
portion of any Option for less than fifty (50) shares (as adjusted pursuant to
Section 5.1(m) of the Plan) may be exercised; provided, that if the vested
portion of any Option is less than fifty (50) shares, it may be exercised with
respect to all shares for which it is vested. Only whole shares may be issued
pursuant to an Option, and to the extent that an Option covers less than one (1)
share, it is unexercisable. 

Each exercise of the Option shall be by means of delivery of a
notice of election to exercise (which may be in the form attached hereto as
Exhibit B) to the President of the Company at its principal executive
office, specifying the number of shares of Common Stock to be purchased and
accompanied by payment in cash by certified check or cashier’s check in the
amount of the full exercise price for the Common Stock to be purchased. In
addition to payment in cash by certified check or cashier’s check, an Optionee
or transferee of an Option may pay for all or any portion of the aggregate
exercise price by complying with one or more of the following alternatives: 

	 	(a) 	
      by delivering to the Company shares of Common Stock
      previously held by such person, duly endorsed for transfer to the Company,
      or by the Company withholding shares of Common Stock otherwise deliverable
      pursuant to exercise of the Option, which shares of Common Stock received
      or withheld shall have a fair market value at the date of exercise (as
      determined by the Plan Administrator) equal to the aggregate purchase
      price to be paid by the Optionee upon such exercise; or

	 	 	 
	 	(b) 	
      by complying with any other payment mechanism approved by
      the Plan Administrator at the time of
exercise.

- 4 - 

It is a condition precedent to the issuance of shares of Common
Stock that the Optionee execute and/or deliver to the Company all documents and
withholding taxes required in accordance with Section 5.1 of the Plan. 

9.     Holding period for Incentive Stock Options. In order
to obtain the tax treatment provided for Incentive Stock Options by Section 422
of the Code, the shares of Common Stock received upon exercising any Incentive
Stock Options received pursuant to this Agreement must be sold, if at all, after
a date which is later of two (2) years from the date of this agreement is
entered into or one (1) year from the date upon which the Options are exercised.
The Optionee agrees to report sales of shares prior to the above determined date
to the Company within one (1) business day after such sale is concluded. The
Optionee also agrees to pay to the Company, within five (5) business days after
such sale is concluded, the amount necessary for the Company to satisfy its
withholding requirement required by the Code in the manner specified in Section
5.1(l) of the Plan. Nothing in this Section 9 is intended as a representation
that Common Stock may be sold without registration under state and federal
securities laws or an exemption therefrom or that such registration or exemption
will be available at any specified time. 

10.     Resale restrictions may apply. Any resale of the
shares of Common Stock received upon exercising any Options will be subject to
resale restrictions contained in the securities legislation applicable to the
Optionee. The Optionee acknowledges and agrees that the Optionee is solely
responsible (and the Company is not in any way responsible) for compliance with
applicable resale restrictions. 

11.     Subject to 2010 Stock Option Plan. The terms of the
Options are subject to the provisions of the Plan, as the same may from time to
time be amended, and any inconsistencies between this Agreement and the Plan, as
the same may be from time to time amended, shall be governed by the provisions
of the Plan, a copy of which has been delivered to the Optionee, and which is
available for inspection at the principal offices of the Company. 

12.     Professional Advice. The acceptance of the Options
and the sale of Common Stock issued pursuant to the exercise of Options may have
consequences under federal and state tax and securities laws which may vary
depending upon the individual circumstances of the Optionee. Accordingly, the
Optionee acknowledges that he or she has been advised to consult his or her
personal legal and tax advisor in connection with this Agreement and his or her
dealings with respect to Options. Without limiting other matters to be
considered with the assistance of the Optionee’s professional advisors, the
Optionee should consider: (a) whether upon the exercise of Options, the Optionee
will file an election with the Internal Revenue Service pursuant to Section
83(b) of the Code and the implications of alternative minimum tax pursuant to
the Code; (b) the merits and risks of an investment in the underlying shares of
Common Stock; and (c) any resale restrictions that might apply under applicable
securities laws. 

13.     No Employment Relationship. Whether or not any
Options are to be granted under this Plan shall be exclusively within the
discretion of the Plan Administrator, and nothing contained in this Plan shall
be construed as giving any person any right to participate under this Plan. The
grant of an Option shall in no way constitute any form of agreement or
understanding binding on the Company or any Related Company, express or implied,
that the Company or any Related Company will employ or contract with an
Optionee, for any length of time, nor shall it interfere in any way with the Company’s or, where applicable, a Related
Company’s right to terminate Optionee’s employment at any time, which right is
hereby reserved. 

- 5 - 

14.     Entire Agreement. This Agreement is the only
agreement between the Optionee and the Company with respect to the Options, and
this Agreement and the Plan supersede all prior and contemporaneous oral and
written statements and representations and contain the entire agreement between
the parties with respect to the Options. 

15.     Notices. Any notice required or permitted to be made
or given hereunder shall be mailed or delivered personally to the addresses set
forth below, or as changed from time to time by written notice to the other:

	The Company: 	
	 	  
	 	Lexaria Corp. 
	 	Suite 950-1130 West Pender. 
	 	Vancouver, BC V6E 4A4 
	 	Attention: President 
	 	  
	With a copy to: 	
	 	  
	 	W.L. Macdonald Law Corporation 
	 	400-570 Granville Street 
	 	Vancouver, British Columbia V6C 3P1 
	 	Attention: William Macdonald 
	 	  
	The Optionee: 	

LEXARIA CORP. 

Per:
_____________________
        Authorized
Signatory 

________________________
[XXX] 

- 6 - 

EXHIBIT A 

TERMS OF THE OPTION 

	Name of the Optionee: 	XXX 
	 	 
	Date of Grant: 	July 8, 2011 
	 	 
	Designation: 	Qualified Stock Options 
	 	 
	1. 	Number of Options granted:
    	XXX stock options 
	 	 	 
	2. 	Purchase Price: 	US$0.35 per share 
	 	 	 
	3. 	Vesting Date: 	XXX options on July 8, 2011; 
	 	 	 
	4. 	Expiration Date: 	July 8th, 2016

- 7 - 

EXHIBIT B 

To: 

Lexaria Corp. 
Suite 950 1130
West Pender 
Vancouver, BC V6E 4A4 
Attention: President 

Notice of Election to Exercise 

This Notice of Election to Exercise shall constitute proper
notice pursuant to Section 5.1(h) of Lexaria Corp.’s (the “Company”) 2010 Stock
Option Plan (the “Plan”) and Section 8 of that certain Stock Option Agreement
(the “Agreement”) dated as of the _______ day of __________________, 20___,
between the Company and the undersigned. 

The undersigned hereby elects to exercise Optionee’s option to
purchase __________________ shares of the common stock of the Company at a price
of US$_______ per share, for aggregate consideration of US$__________, on the
terms and conditions set forth in the Agreement and the Plan. Such aggregate
consideration, in the form specified in Section 8 of the Agreement, accompanies
this notice. 

The Optionee hereby directs the Company to issue, register and
deliver the certificates representing the shares as follows: 

	 	 	 
	Registration
      Information: 	 	Delivery Instructions: 
	 	 	 
	Name to appear on
      certificates 	 	Name
  
	 	 	 
	Address 	 	Address
    
	 
    	 	  
	  	 	Telephone Number 
	 	 	 

DATED at ____________________________________, the _______ day
of ________________________, 20___. 

	 
	(Name of Optionee – Please type or print) 
	 
	(Signature and, if applicable, Office) 
	 
	(Address of Optionee) 
	 
	(City, State, and Zip Code of Optionee)

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