Document:

EX-4.1

 Exhibit 4.1 

FORM OF OFFICERS’ CERTIFICATE 

The undersigned, Thomas Liguori and Michael R. McCoy, do hereby certify on behalf of AVNET, INC., a New York corporation (the
“Company”), that they are the duly appointed Chief Financial Officer and Senior Vice President, General Counsel and Chief Legal Officer, respectively, of the Company. Each of the undersigned also hereby certifies on behalf of the
Company, pursuant to the Indenture, dated as of June 22, 2010 (the “Indenture”), between the Company and Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as trustee
under the Indenture (the “Trustee”), that: 
 RECITAL 

Pursuant to the authorizations granted by resolutions duly adopted by the Board of Directors on May 3, 2022, a series of Securities to be
issued under the Indenture has been established (the “Notes”). 
 TERMS 

The Notes shall have the terms set forth in this certificate (this “Certificate”) (defined terms used herein and not
otherwise defined herein have the meanings ascribed to such terms in the Indenture): 
 (1) The title of the Securities of the series
(which shall distinguish the Securities of the series from Securities of any other series): The Notes shall constitute a series of Securities having the title “5.500% Notes due 2032.” 

(2) Any limit upon the aggregate principal amount of the Securities of the series that may be authenticated and delivered under the
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Sections 2.05, 2.06, 2.07, 3.05, 10.06 and except for Securities which,
pursuant to Section 2.04, are deemed never to have been authenticated and delivered under the Indenture): The aggregate principal amount of Notes that may be authenticated and delivered under the Indenture is
unlimited. On the date hereof, the Company has delivered to the Trustee $300,000,000 in aggregate principal amount of Notes, together with a Company Order for the authentication and delivery of such Notes. 

(3) The Person to whom any interest on a Security of the series shall be payable, if other than the person in whose name that Security
(or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest: Not applicable. 

(4) The date or dates on which the principal of the Securities of the series shall be payable: The entire principal of the Notes
shall be due and payable on June 1, 2032 (the “Stated Maturity”), unless earlier redeemed by the Company as provided in Section 7 below or repurchased by the Company as provided in Section 19A below. 

  
 1 

 (5) The rate or rates at which the Securities of the series shall bear interest, if
any, the date or dates from which such interest shall accrue, the Interest Payment Dates on which such interest shall be payable, and the Regular Record Date for any interest payable on any Interest Payment Date: The Notes shall bear
interest from May 23, 2022 at the annual rate of 5.500%. Interest shall be payable semi-annually on June 1 and December 1 (“Interest Payment Dates”) of each year, beginning on December 1, 2022, to the Person in
whose name the Notes are registered in the Security Register at the close of business on May 15 and November 15, as the case may be, next preceding the relevant Interest Payment Date (each a “Regular Record Date”), whether
or not such Regular Record Date shall be a Business Day. Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months. 

Payments of interest on the Notes shall include interest accrued to but excluding the respective Interest Payment Date, Redemption Date (as
defined herein) or Repurchase Date (as defined herein), as the case may be. 
 In any case where any Interest Payment Date, Redemption Date,
or Stated Maturity of any Note shall not be a Business Day at any Place of Payment, then (notwithstanding any other provision of the Indenture or of the Notes) payment of interest or principal (and premium, if any) need not be made at such Place of
Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on the Interest Payment Date or Redemption Date, or at the Stated Maturity, provided that no interest shall
accrue for the period from and after such Interest Payment Date, Redemption Date, or Stated Maturity, as the case may be. 
 (6) The
place or places where the principal of and any premium and interest on the Securities of the series shall be payable: The Place of Payment shall be, the registration of transfer and exchange for the payment of principal of, and premium, if
any, and interest on, the Notes shall be payable, and the exchange of and the transfer of the Notes shall be registrable, at the offices of the Trustee or at any other office or agency maintained by the Company for that purpose subject to the
limitations of the Indenture, and at the office or agency of the Trustee in Minneapolis, Minnesota, to be such office or agency of the Company for the aforesaid purposes. 

(7) The period or periods within which, the price or prices at which, and the other terms and conditions upon which the Securities of the
series may be redeemed, in whole or in part, at the option of the Company: 
 (A) Prior to March 1, 2032 (three months prior to
the Stated Maturity (the “Par Call Date”) the Company may redeem the Notes, at its option, in whole or in part, at any time and from time to time at a redemption price (expressed as a percentage of principal amount and rounded to
three decimal places) equal to the greater of: 
 • (a) the sum of the present values of the remaining scheduled payments of principal
and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate (as defined below) plus 40 basis points less (b) interest accrued to, but excluding, the Redemption Date, and 

  
 2 

 • 100% of the principal amount of the Notes to be redeemed, 

plus, in either case, accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

On or after the Par Call Date, the Company may redeem the Notes at its option, in whole or in part, at any time and from time to time, at a
redemption price equal to 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. 

For purposes hereof, the redemption price calculated in accordance with the prior two sentences shall be the “Redemption Price.”

 “Treasury Rate” means, with respect to any Redemption Date, the yield determined by the Company in accordance with the
following two paragraphs. 
 The Treasury Rate shall be determined by the Company after 4:15 p.m., New York City time (or after such time as
yields on U.S. government securities are posted daily by the Board of Governors of the Federal Reserve System), on the third business day preceding the Redemption Date based upon the yield or yields for the most recent day that appear after such
time on such day in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily)—H.15” (or any successor designation or publication)
(“H.15”) under the caption “U.S. government securities—Treasury constant maturities—Nominal” (or any successor caption or heading) (“H.15 TCM”). In determining the Treasury Rate, the Company
shall select, as applicable: (1) the yield for the Treasury constant maturity on H.15 exactly equal to the period from the Redemption Date to the Par Call Date (the “Remaining Life”); or (2) if there is no such Treasury
constant maturity on H.15 exactly equal to the Remaining Life, the two yields—one yield corresponding to the Treasury constant maturity on H.15 immediately shorter than and one yield corresponding to the Treasury constant maturity on H.15
immediately longer than the Remaining Life—and shall interpolate to the Par Call Date on a straight-line basis (using the actual number of days) using such yields and rounding the result to three decimal places; or (3) if there is no such
Treasury constant maturity on H.15 shorter than or longer than the Remaining Life, the yield for the single Treasury constant maturity on H.15 closest to the Remaining Life. For purposes of this paragraph, the applicable Treasury constant maturity
or maturities on H.15 shall be deemed to have a maturity date equal to the relevant number of months or years, as applicable, of such Treasury constant maturity from the Redemption Date. 

If on the third business day preceding the Redemption Date H.15 TCM or any successor designation or publication is no longer published, the
Company shall calculate the Treasury Rate based on the rate per annum equal to the semi-annual equivalent yield to maturity at 11:00 a.m., 

  
 3 

 
New York City time, on the second business day preceding such Redemption Date of the United States Treasury security maturing on, or with a maturity that is closest to, the Par Call Date, as
applicable. If there is no United States Treasury security maturing on the Par Call Date but there are two or more United States Treasury securities with a maturity date equally distant from the Par Call Date, one with a maturity date preceding the
Par Call Date and one with a maturity date following the Par Call Date, the Company shall select the United States Treasury security with a maturity date preceding the Par Call Date. If there are two or more United States Treasury securities
maturing on the Par Call Date or two or more United States Treasury securities meeting the criteria of the preceding sentence, the Company shall select from among these two or more United States Treasury securities the United States Treasury
security that is trading closest to par based upon the average of the bid and asked prices for such United States Treasury securities at 11:00 a.m., New York City time. In determining the Treasury Rate in accordance with the terms of this paragraph,
the semi-annual yield to maturity of the applicable United States Treasury security shall be based upon the average of the bid and asked prices (expressed as a percentage of principal amount) at 11:00 a.m., New York City time, of such United States
Treasury security, and rounded to three decimal places. 
 The Company’s actions and determinations in determining the Redemption Price
shall be conclusive and binding for all purposes, absent manifest error. 
 In the case of a partial redemption, selection of the Notes for
redemption shall be made pro rata, by lot or by such other method as the Trustee in its sole discretion deems appropriate and fair. No Notes of a principal amount of $2,000 or less will be redeemed in part. 

(B) Notice of redemption to Holders of Notes shall be given in the manner provided in Section 3.02 of the Indenture, except that notice of
redemption shall be mailed (or otherwise transmitted in accordance with the depositary’s procedures), at least 10 but not more than 60 calendar days prior to the Redemption Date, to each Holder of Notes to be redeemed. 

(C) Notice of redemption having been given as provided in the Indenture, the Notes so to be redeemed shall, on the Redemption Date, become due
and payable at the Redemption Price therein specified, and from and after such date (unless the Company defaults in the payment of the Redemption Price and accrued interest) such Notes shall cease to accrue interest. Upon surrender of any such Note
for redemption in accordance with such notice, such Notes shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date. 

The notice of redemption that relates to any Note that is redeemed in part only shall state the portion of the principal amount thereof to be
redeemed. A new Note in principal amount equal to the unredeemed portion thereof shall be issued in the name of the Holder thereof upon cancellation of the original Note. For so long as the Notes are held by DTC (as defined below) (or another
depositary), the redemption of the Notes shall be done in accordance with the policies and procedures of the depositary. 

  
 4 

 (D) Prior to 11:00 a.m. (New York City time) on the Redemption Date specified in the notice
of redemption given as provided in Section 3.02 of the Indenture, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in
Section 6.03 of the Indenture) an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) any accrued interest on, all of the Notes that are to be redeemed on that date.

 (8) The obligation, if any, of the Company to redeem or purchase Securities of the series pursuant to any sinking fund or analogous
provision or at the option of a Holder thereof and the period or periods within which, the price or prices at which, and the terms and conditions upon which Securities of the series shall be redeemed or purchase, in whole or in part, pursuant to
such obligation: The Notes shall not have the benefit of any sinking fund. 
 (9) If other than denominations of
$1,000 and integral multiples thereof, the denomination in which the Securities of the series shall be issuable: The Notes shall be issued in registered form only in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

 (10) The currency, currencies, or currency units in which payment of the principal of and any premium and interest on any Securities
of the series shall be payable if other than the currency of the United States of America and the manner of determining the equivalent thereof in the currency of the United States of America for purposes of the definition of “Outstanding”
in Section 1.01 of the Indenture: Not applicable. 
 (11) If the amount of payments of
principal of or any premium or interest on the Securities of the series may be determined with reference to an index, based upon a formula, or in some other manner, the manner in which such amounts shall be determined: Except as set forth in
the Indenture and this Certificate, the amount of payments of principal of or any premium or interest on the Notes shall not be determined with reference to an index, based upon a formula or in some other manner. 

(12) If the principal of or any premium or interest on the Securities of the series is to be payable, at the election of the Company or a
Holder thereof, in one or more currencies or currency units other than that or those in which the Securities of the series are stated to be payable, the currency, currencies, or currency units in which payment of the principal of and any premium and
interest on the Securities of the series as to which such election is made shall be payable, and the periods within which and the terms and conditions upon which such election is to be made: Not applicable. 

(13) If other than the Trustee, the identity of each Security Registrar and/or Paying Agent: The Paying Agent and Security
Registrar initially shall be the Trustee. 

  
 5 

 (14) If other than the principal amount thereof, the portion of the principal amount
of Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 8.01(b): Not applicable. 

(15) If applicable, that the Securities of the series shall be subject to either or both of Defeasance or Covenant Defeasance as provided
in Article V of the Indenture, provided that no Securities of the series that are convertible into Common Stock pursuant to Section 2.01(b)(xvi) or convertible into or exchangeable for any other Securities pursuant
to Section 2.01(b)(xvii) shall be subject to Defeasance pursuant to Section 5.02: The defeasance and discharge provisions under Article V of the Indenture shall be applicable
to the Notes. 
 (16) If and as applicable, that the Securities of the series shall be issuable in whole or in part in the form of one
or more Global Securities and, in such case, the Depositary or Depositaries of such Global Security or Global Securities and any circumstances other than those set forth in Section 2.05 in which any such Global
Security may be transferred to, and registered and exchanged for Securities of the series registered in the name of, a Person other than the Depositary for such Global Security or a nominee thereof and in which any such transfer may be registered:
The Notes shall be evidenced by one or more Global Notes deposited with the Trustee as custodian for The Depository Trust Company (“DTC”), and shall initially be registered in the name of Cede & Co., as nominee of
DTC. 
 So long as Cede & Co., as nominee of DTC, is the registered owner of the Global Notes, Cede & Co. for all purposes
shall be considered the sole holder of the Global Notes. Except as provided below, owners of beneficial interests in the Global Notes shall not be (A) entitled to have certificates registered in their names and (B) considered Holders of
the Global Notes. 
 The Company shall issue the Notes in definitive certificated form if DTC notifies the Company that it is unwilling or
unable to continue as depositary or DTC ceases to be a clearing agency registered under the Exchange Act and a successor depositary is not appointed by the Company within 90 days. In addition, beneficial interests in a Global Note may be exchanged
for definitive certificated Notes upon request by or on behalf of DTC and in accordance with DTC’s customary procedures. The Company may determine at any time and in its sole discretion that the Notes shall no longer be represented by Global
Notes, in which case the Company shall issue certificates in definitive form in exchange for the Global Notes. 
 (17) The terms and
conditions, if any, pursuant to which the Securities of the series are convertible into Common Stock: Not applicable. 
 (18)
The terms and conditions, if any, pursuant to which the Securities of the series are convertible into or exchangeable for any other securities, including (without limitation) securities of Persons other than the Company: Not
applicable. 

  
 6 

 (19) Any other terms of, or provisions, covenants, rights or other matters applicable
to, the Securities of the series (which terms, provisions, covenants, rights or other matters shall not be inconsistent with the provisions of the Indenture, except as permitted by Section 10.01(e) of the
Indenture): 
 (A) Change of Control. If a Change of Control Triggering Event (as defined below) occurs, unless the
Company has exercised its right to redeem the Notes in accordance with Section 7 hereof, each Holder shall have the right to require the Company to repurchase all or any part of each Holder’s Notes pursuant to the offer (the
“Change of Control Offer”) on the terms set forth in the Notes and herein. In the Change of Control Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and
unpaid interest, if any (the “Change of Control Payment”), on the Notes repurchased, to the repurchase date (the “Repurchase Date”) (subject to the right of Holders of record on the relevant Regular Record Date to
receive interest due on the Interest Payment Date). The principal amount of a Note remaining Outstanding after a repurchase in part must be $2,000 or an integral multiple of $1,000 in excess thereof. 

Within 30 days following the date upon which the Change of Control Triggering Event has occurred or, at the Company’s option, prior to
any Change of Control, but after the public announcement of the transaction that may or shall constitute a Change of Control, except to the extent that the Company has exercised its right to redeem the Notes in accordance with Section 7 above,
the Company shall cause a notice to be mailed to each Holder with a copy to the Trustee describing the transaction or transactions that may or shall constitute a Change of Control Triggering Event and offering to repurchase the Notes on the date
specified in the notice, which date shall be no earlier than 30 days, but no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”). The notice shall, if mailed prior to the date of
consummation of the Change of Control, state that the Change of Control Offer is conditioned on the Change of Control being consummated on or prior to the Change of Control Payment Date. 

On the Change of Control Payment Date, the Company shall, to the extent lawful: 

(i) accept for payment all Notes or portions thereof properly tendered pursuant to the Change of Control Offer; 

(ii) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions thereof properly
tendered pursuant to the applicable Change of Control Offer; and 
 (iii) deliver or cause to be delivered to the Trustee the Notes properly
accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the Company. 

  
 7 

 The Company shall comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a
Change of Control Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 19(A), the Company shall comply with the applicable securities laws and regulations and shall not be deemed
to have breached its obligations under this Section 19(A) by virtue of such conflicts; 
 The Company shall not be required to make a
Change of Control Offer upon a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company, and such third party purchases all
Notes properly tendered and not withdrawn under its offer. In the event that such third party terminates or defaults on its offer, the Company shall be required to make a Change of Control Offer treating the date of such termination or default as
though it were the date of the Change of Control Triggering Event. 
 For purposes of this Section 19(A), the following definitions
shall be applicable: 
 “Below Investment Grade Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and
the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day during the period (the “Trigger Period”) commencing on the date 60 days prior to the first public announcement by the Company of any
Change of Control or pending Change of Control and ending 60 days following the consummation of such Change of Control (which Trigger Period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible
downgrade by any of the Rating Agencies). 
 “Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series
of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than the
Company or one of its Subsidiaries; 
 (2) the adoption of a plan relating to the liquidation or dissolution of the Company; 

(3) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any
“person” (as defined above), becomes the “beneficial owner” (as defined in Rule 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of
more than 50% of the then Outstanding number of shares of the Company’s Voting Stock measured by voting power rather than number of shares; 

  
 8 

 (4) the Company consolidates with, or merges with or into any Person, or any Person
consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the Company’s Outstanding Voting Stock or the Outstanding Voting Stock of such other Person is converted into or exchanged for
cash, securities or other property, other than any such transaction where the shares of the Voting Stock of the Company Outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting
Stock (measured by voting power rather than number of shares) of the surviving Person immediately after giving effect to such transaction; or 

(5) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors. 

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who (1) was a member
of such Board of Directors on the date of this Certificate; or (2) was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such board of
directors at the time of such nomination, election or appointment (either by specific vote or by approval of the Company’s proxy statement in which such member was named as a nominee for election as a director, without objection to such
nomination). 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, and the equivalent rating from any replacement Rating Agency or Rating Agencies. 

“Moody’s” means Moody’s Investors Service, Inc. and any of its successors. 

“Rating Agencies” means (1) each of Moody’s and S&P; and (2) if either Moody’s or S&P ceases to rate the Notes or
fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected
by the Company (as certified by a Board Resolution) as a replacement rating agency for Moody’s or S&P, or both of them, as the case may be. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., and any of its successors. 

(B) Restriction on Secured Debt. The Company covenants, for the benefit of the Holders, that if the Company or any Restricted
Subsidiary (as defined below) after the date hereof incurs or guarantees any loans, notes, bonds, debentures or other similar evidences of indebtedness for money borrowed (“Certain Debt”) secured by a mortgage, pledge or lien
(“Mortgage”) on any Principal Property (as defined below) of the Company or any Restricted Subsidiary, or on any 

  
 9 

 
share of capital stock or Certain Debt of any Restricted Subsidiary, the Company shall secure or cause such Restricted Subsidiary to secure the Notes equally and ratably with (or, at the
Company’s option, before) such secured Certain Debt, unless the aggregate principal amount of all such secured Certain Debt plus the amount of all Attributable Debt (as defined below) which is not excluded as described under Section 19(C)
below would not exceed 10% of Consolidated Net Assets (as defined below). 
 This restriction shall not apply to, and there shall be
excluded from secured Certain Debt in any computation of the above restriction, Certain Debt secured by: 
  

	 	(a)	 Mortgages on property (including any shares of capital stock or Certain Debt) of any Person existing at the
time such Person becomes a Restricted Subsidiary; 

  

	 	(b)	 Mortgages in favor of the Company or a Restricted Subsidiary; 

 

	 	(c)	 Mortgages in favor of governmental bodies to secure progress, advance or other payments; 

 

	 	(d)	 Mortgages on property, shares of capital stock or Certain Debt existing at the time of acquisition thereof
(including acquisition through merger or consolidation) and purchase money and construction or improvement Mortgages which are entered into within 180 days after the acquisition of such property, shares or Certain Debt or, in the case of real
property, within 180 days after the later of (A) the completion of construction on, substantial repair to, alteration or development of, or substantial improvement to, such property and (B) the commencement of commercial operations on such
property; 

  

	 	(e)	 mechanics’ and similar liens arising in the ordinary course of business in respect of obligations not due
or being contested in good faith; 

  

	 	(f)	 Mortgages arising from deposits with, or the giving of any form of security to, any governmental agency
required as a condition to the transaction of business or to the exercise of any privilege, franchise or license; 

  

	 	(g)	 Mortgages for taxes, assessments or government charges or levies which are not then due or, if delinquent, are
being contested in good faith; 

  

	 	(h)	 Mortgages (including judgment liens) arising from legal proceedings being contested in good faith;

  

	 	(i)	 Mortgages existing at the date hereof; and 

  
 10 

	 	(j)	 any extension, renewal or refunding of any Mortgage referred to in the clauses (a) through (i) above.

 (C) Restriction on Sale and Leaseback Transactions. The Company covenants, for the benefit of the
Holders, that the Company shall not itself, and shall not permit any Restricted Subsidiary to, enter into any sale and leaseback transaction involving any Principal Property, unless after giving effect thereto the aggregate amount of all
Attributable Debt with respect to all such transactions plus the aggregate principal amount of all secured Certain Debt which is not excluded as described under Section 19(B) above would not exceed 10% of Consolidated Net Assets. 

This restriction shall not apply to, and there shall be excluded from Attributable Debt in any computation of the above restriction, any sale
and leaseback transaction if: 
 (i) the lease is for a period, including renewal rights, of not in excess of three years; 

(ii) the sale or transfer of the Principal Property is made within 180 days after its acquisition or within 180 days after the later of
(1) the completion of construction on, substantial repair to, alteration or development of, or substantial improvement to, such property and (2) the commencement of commercial operations thereon; 

(iii) the transaction is between the Company and a Restricted Subsidiary, or between Restricted Subsidiaries; 

(iv) the Company or a Restricted Subsidiary would be entitled to incur a Mortgage on such Principal Property pursuant to clauses
(a) through (j) of Section 19(B) above; or 
 (v) the Company or a Restricted Subsidiary, within 180 days after the sale or
transfer is completed, applies to the retirement of Funded Debt (as defined below) of the Company ranking on a parity with or senior to the Notes or Funded Debt of a Restricted Subsidiary, or to the purchase of other property which shall constitute
a Principal Property having a fair market value at least equal to the fair market value of the Principal Property leased, an amount equal to the greater of the net proceeds of the sale of the Principal Property or the fair market value (as
determined by the Board of Directors) of the Principal Property leased at the time of entering into such arrangement (as determined by the Board of Directors). 

(D) Events of Default: Upon any acceleration of the Notes (by declaration or otherwise), the principal of and premium, if any,
and accrued and unpaid interest on the Notes shall become immediately due and payable. 
 (E) No Subordination: Article
Thirteen of the Indenture shall not be applicable to the Notes. 

  
 11 

 (F) Form of Note. The form of the Note attached hereto as Exhibit A is hereby
approved. 
 (G) The foregoing form and terms of the Notes have been established in conformity with the provisions of the Indenture. 

(H) Each of the undersigned has read the Indenture, including the applicable conditions precedent set forth therein, and has examined the
resolutions referred to in the Recital of this Certificate, this Certificate and the Notes and, in the opinion of the undersigned, has made such examination or investigation as is necessary to enable the undersigned to express an informed opinion as
to whether or not all conditions precedent provided in the Indenture relating to the establishment, authentication and delivery of the Notes have been complied with. In the opinion of the undersigned and on the basis of the foregoing, all such
conditions precedent have been complied with. 
 (I) Definitions: 

“Attributable Debt” shall mean, as to any particular lease, the greater of: (A) the fair market value of the property
subject to the lease (as determined by the Board of Directors); or (B) the total net amount of rent required to be paid during the remaining term of the lease, discounted by the weighted average effective interest cost per annum of the
Outstanding debt securities of all series, compounded semi-annually. 
 “Consolidated Net Assets” shall mean total assets
after deducting all current liabilities as set forth in the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP. 

“Funded Debt” shall mean all indebtedness for money borrowed having a maturity of more than twelve months from the date as of
which the determination is made, or having a maturity of twelve months or less but by its terms being renewable or extendible beyond twelve months from such date at the option of the borrower; and rental obligations payable more than twelve months
from such date under leases which are capitalized in accordance with GAAP (such rental obligations to be included as Funded Debt at the amount so capitalized and to be included as an asset for the purposes of the definition of Consolidated Net
Assets). 
 “GAAP” means generally accepted accounting principles in the United States of America (including, if
applicable, International Financial Reporting Standards) as in effect from time to time. 
 “Global Notes” shall mean Notes
that are substantially in the form of the Note attached hereto as Exhibit A, and that are registered in the Security Register in the name of DTC or a nominee thereof. 

  
 12 

 “Person” shall mean any individual, corporation, partnership, joint
venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. 

“Principal Property” shall mean any plant, facility or warehouse owned on the date hereof or thereafter acquired by the
Company or any Restricted Subsidiary of the Company which is located within the United States and the gross book value (including related land and improvements thereon and all machinery and equipment included therein without deduction of any
depreciation reserves) of which on the date of determination exceeds 2% of Consolidated Net Assets, other than: (A) any such manufacturing or processing plant or warehouse or any portion thereof (together with the land on which it is erected
and fixtures comprising a part thereof) which is financed by industrial development bonds which are tax exempt pursuant to Section 103 of the Internal Revenue Code (or which receive similar tax treatment under any subsequent amendments thereto
or any successor laws thereof or under any other similar statute of the United States); (B) any property which, in the opinion the Board of Directors, is not of material importance to the total business conducted by the Company and its consolidated
Subsidiaries as an entirety; or (C) any portion of a particular property which is similarly found not to be of material importance to the use or operation of such property. 

“Redemption Date” means the date specified by the Company in a notice of redemption on which the Notes may be redeemed in
accordance with the terms of the Notes and the Indenture. 
 “Restricted Subsidiary” means a Subsidiary of the Company
(A) substantially all the property of which is located, or substantially all the business of which is carried on, within the United States, and (B) which owns a Principal Property. 

“Subsidiary” means any corporation or other Person more than 50% of the Outstanding Voting Stock (measured by voting power
rather than number of shares) of which at the date of determination is owned, directly or indirectly, by the Company and/or by one or more other Subsidiaries. 

“Voting Stock” means capital stock (or equivalent equity interests) of a Person of the class or classes having general voting
power under ordinary circumstances to elect at least a majority of the board of directors, managers or trustees of such Person (irrespective of whether or not at the time capital stock (or equivalent equity interests) of any other class or classes
has or might have voting power upon the occurrence of any contingency). 
 (20) Governing Law. This Officers’ Certificate shall be
governed by, and construed in accordance with, the laws of the State of New York, without regard to conflicts of law principles thereof. 

  
 13 

 (21) Electronic Signatures. This Officers’ Certificate (and any other document executed
in accordance with the Indenture) shall be valid, binding, and enforceable against the Company when executed and delivered by an authorized individual on behalf of the Company by means of (i) an original manual signature; (ii) a faxed,
scanned, or photocopied manual signature, or (iii) any other electronic signature permitted by the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform Electronic Transactions Act, and/or any other
relevant electronic signatures law, including any relevant provisions of the Uniform Commercial Code (collectively, “Signature Law”), in each case to the extent applicable. Each faxed, scanned, or photocopied manual signature, or
other electronic signature, shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. The Company and the Trustee shall be entitled to conclusively rely upon, and shall have no
liability with respect to, any faxed, scanned, or photocopied manual signature, or other electronic signature, of any other party and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This
Officers’ Certificate may be executed in any number of counterparts, each of which shall be deemed to be an original, but such counterparts shall, together, constitute one and the same instrument. For the avoidance of doubt, original manual
signatures shall be used for execution or indorsement of writings when required under the Uniform Commercial Code or other Signature Law due to the character or intended character of the writings. 

[Signature page follows] 

  
 14 

 IN WITNESS WHEREOF, the undersigned have hereunto executed this Certificate as of the 23rd
day of May, 2022. 
  

			
	 AVNET, INC.,
  

a New York corporation

		
	By:	 	  

	Name: Thomas Liguori
	Title: Chief Financial Officer
		
	By:	 	  

	Name: Michael R. McCoy
	Title: Senior Vice President, General
	Counsel and Chief Legal Officer

 [Signature Page to Officers’ Certificate Pursuant to the Indenture] 

 Exhibit A 

Form of Note 

 THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND
IS REGISTERED IN THE NAME OF THE DEPOSITARY TRUST COMPANY (“DTC”) OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR NOTES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN DTC OR A NOMINEE THEREOF,
AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY NOTE AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR, OR IN LIEU OF, THIS NOTE WILL BE A GLOBAL NOTE
SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 AVNET, INC. 

5.500% Notes due 2032     

No. 
  

			
	$	  	CUSIP No.     

 AVNET, INC., a corporation duly organized and existing under the laws of the State of New York (hereinafter
called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                , or its registered assigns, the principal sum of $          on June 1, 2032, and to pay interest thereon
from May 23, 2022 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, on June 1 and December 1 in each year, commencing on December 1, 2022, at the rate of 5.500% 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 shall, as provided in such Indenture, be paid to the Person in whose name this Note (or one
or more Predecessor Securities) is registered in the Security Register at the close of business on the Regular Record Date for such interest, which shall be the May 15 or November 15 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or
one or more Predecessor Securities) is registered in the Security Register 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 shall be given to Holders not less
than 10 calendar days prior to such Special Record Date, or be paid at any time 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. 
 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS SET FORTH ON THE REVERSE
HEREOF. SUCH PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH IN THIS PLACE. 

 This Note shall not be valid or become obligatory for any purpose until the certificate of
authentication herein has been signed manually by the Trustee under the Indenture referred to on the reverse side hereof. 
 [Signature
page follows] 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed in accordance
with the Indenture. 
  

			
	 AVNET, INC.

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 I,              ,
                 of Avnet, Inc., do hereby certify that                  is the duly
elected, qualified and acting of Avnet, Inc. and that the signature of                set forth above is his genuine signature. 

 

	
	

 
	
	  

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series referred to in the within-mentioned Indenture. 

 

			
	COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Dated: ____________________ 

 (Reverse of Note) 

This Note is one of a duly authorized issue of 5.500% Notes due 2032 of the Company (herein called the “Notes”), and is to be issued
under an indenture, dated as of June 22, 2010 (as amended and supplemented, the “Base Indenture”), between the Company and Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as
trustee under the Indenture (as defined below) (herein called the “Trustee”, which term includes any successor trustee under the Base Indenture), and an Officers’ Certificate, dated as of May 23, 2022, setting forth the terms of
the Notes (together with the Base Indenture, the “Indenture”), to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and
the Holders and of the terms upon which the Notes are, and are to be, authenticated and delivered. This Note is one of the series designated on the face hereof. 

1. Interest. The Notes shall bear interest from May 23, 2022 at the annual rate of 5.500%. 

Except as otherwise provided below or in the Indenture, interest on any Note which shall be payable, and shall be punctually paid or duly
provided for, on any Interest Payment Date shall be paid to the Person in whose name the Note is registered in the Security Register at the close of business on the Regular Record Date for such interest. Interest on the Notes shall be computed on
the basis of a 360-day year of twelve 30-day months. 
 2.
Method of Payment. So long as the Notes are in the form of registered Global Notes, the Company shall wire, through the facilities of the Trustee, payments of principal of, and premium, if any, and interest on or the Redemption Price of the
Notes, to the registered owner of the Global Notes. The registered owner of the Global Notes initially will be Cede & Co., the nominee of DTC. The Company shall pay cash amounts in money of the United States that at the time of payment is
legal tender for payment of public and private debts. 
 3. Indenture. The Notes are the Company’s senior unsecured obligations,
and the aggregate principal amount of Notes that may be authenticated and delivered under the Indenture is unlimited. The terms, conditions and provisions of the Notes are those stated in the Indenture, those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended, and those set forth in the Notes. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the terms of the Indenture, the terms of the Indenture
shall control. 
 4. Redemption at the Option of the Company. Prior to the Par Call Date, the Company may redeem the Notes, in whole
or in part, at its option, at any time and from time to time at a Redemption Price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (a)(i) the sum of the present values of the remaining
scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 40 basis points less (ii) interest accrued to, but excluding the Redemption Date, and (b) 100% of the principal amount of the Notes to be redeemed, plus, in either case,
accrued and unpaid interest thereon to, but excluding, the Redemption Date. On or after the Par Call Date, the Company may redeem the Notes, in whole or in part, at its option, at any time and from time to time at a Redemption Price equal to 100% of
the principal amount of the Notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. The principal amount of a Note remaining Outstanding after redemption in

  
 1 

 
part must be $2,000 or an integral multiple of $1,000 in excess thereof. Any Note that is to be redeemed only in part shall be surrendered at a Place of Payment therefor, and the Company shall
execute, and the Trustee shall authenticate and deliver to the Holder of such Note without service charge, a new Note of any authorized denomination, as requested by such Holder, in aggregate principal amount equal to and in exchange for the
unredeemed portion of the principal of the Note so surrendered upon cancellation of the original Note. 
 Notice of redemption of the Notes
to be redeemed at the election of the Company shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company and shall be irrevocable. Notice of redemption shall be mailed (or otherwise
transmitted in accordance with the depositary’s procedures), at least 10 but not more than 60 calendar days prior to the Redemption Date, to each Holder of Notes to be redeemed. Once notice of redemption has been given in accordance with the
Indenture, the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company defaults in the payment of the Redemption Price and accrued
interest) such Notes will cease to accrue interest. 
 5. Offer to Repurchase on a Change of Control Triggering Event: If a Change of
Control Triggering Event occurs, unless the Company has exercised its right to redeem the Notes in accordance with Paragraph 4 hereof, each Holder shall have the right to require the Company to repurchase all or any part of such Holder’s Notes
pursuant to the Change of Control Offer on the terms set forth herein, and in the Indenture. In the Change of Control Offer, the Company shall offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued
and unpaid interest, if any, on the Notes repurchased, to the repurchase date (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the Interest Payment Date). The principal amount of a Note
remaining Outstanding after a repurchase in part must be $2,000 or an integral multiple of $1,000 in excess thereof. 
 Within 30 days
following the date upon which the Change of Control Triggering Event has occurred or, at the Company’s option, prior to any Change of Control, but after the public announcement of the transaction that may or shall constitute a Change of
Control, except to the extent that the Company has exercised its right to redeem the Notes in accordance with Paragraph 4 hereof, the Company shall cause a notice to be mailed to each Holder with a copy to the Trustee describing the transaction or
transactions that may or shall constitute a Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30 days, but no later than 60 days from the date such notice
is mailed (the “Change of Control Payment Date”). The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the Change of Control Offer is conditioned on the Change of Control being consummated on
or prior to the Change of Control Payment Date. 
 On the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	•	 	 accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer;

  

	 	•	 	 deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or
portions of Notes properly tendered pursuant to the applicable Change of Control Offer; and 

  

	 	•	 	 deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’
Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

  
 2 

 6. Defeasance. The Indenture contains provisions for defeasance at any time of
(a) the entire indebtedness evidenced by this Note or (b) certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

7. Persons Deemed Owners. 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, whether or not this Note shall be overdue, and neither the Company, the Trustee nor any agent of the Company or the Trustee
shall be affected by notice to the contrary. 
 8. Amendment; Waiver. The Indenture permits the amendment thereof and the modification
of the rights and obligations of the Company and the rights of the Holders under the Indenture and this Note at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of the
Outstanding Notes affected by the modification or amendment, except for certain amendments and modifications requiring the consent of the Holders of all Outstanding Notes affected thereby and for certain other amendments and modifications that may
be made without the consent of the Holders. The Company may also omit in any particular instance to comply with the provisions of the Indenture, with respect to the Notes, if the Holders of a majority in principal amount of the Outstanding Notes
shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision, or condition, but no such waiver shall extend to or affect such term, provision, or condition except to the extent
so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision, or condition shall remain in full force and effect. 

The Holders of a majority in principal amount of the Outstanding Notes may on behalf of the Holders of all the Notes waive any past default
under the Indenture with respect to such Notes and its consequences, except a default (i) in the payment of the principal of or any premium or interest on any Note or (ii) in respect of a covenant or provision under the Indenture which
cannot be modified or amended without the consent of the Holder of each Outstanding Note affected. Upon any such waiver, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every
purpose of the Indenture, but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 
 9.
Defaults and Remedies. If an Event of Default (other than an Event of Default specified in Sections 8.01(a)(v) and 8.01(a)(vi) of the Indenture) occurs and shall be continuing, then in every case either the Trustee or the Holders of at least
25% in principal amount of the Notes then Outstanding may declare the principal amount and the accrued and unpaid interest thereon, if any, of the Notes to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if
given by Holders), and upon any such declaration such principal amount and the accrued and unpaid interest thereon, if any, will become immediately due and payable. If an Event of Default specified in Sections 8.01(a)(v) and 8.01(a)(vi) of the
Indenture occurs and shall be continuing, then the principal of, and premium, if any, and accrued and unpaid interest, if any, on, the Notes shall become immediately due and payable without any declaration or other act on the part of the Trustee or
any Holder. 
 No Holder of any Note shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture,
or for the appointment of a receiver or trustee, or for any other remedy under the Indenture, unless (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Notes, (b) the
Holders of not less 

  
 3 

 
than 25% in principal amount of the Outstanding Notes shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee under
the Indenture, (c) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses, and liabilities to be incurred in compliance with such request, (d) the Trustee for 60 calendar days
after its receipt of such notice, request, and offer of indemnity has failed to institute any such proceeding, and (e) no direction inconsistent with such written request has been given to the Trustee during such
60-day period by the Holders of a majority in principal amount of the Outstanding Notes, it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by
virtue of, or by availing of, any provision of the Indenture to affect, disturb, or prejudice the rights of any other of such Holders (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or
forbearances are unduly prejudicial to such Holders), or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under the Indenture, except in the manner provided in the Indenture and for the
equal and ratable benefit of all of such Holders. 
 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 principal of and any premium and interest on this Note at the times, place, and rate, and in the coin or currency, herein prescribed. 

10. Transfers and Exchanges of the Notes. As provided in the Indenture and subject to certain limitations 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 office or agency of the Company in any Place of Payment for the Notes, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes and of like tenor, of authorized denominations
and for the same aggregate principal amount, shall be issued to the designated transferee or transferees. 
 The Notes will be issued in
registered form only in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 11. Trustee Dealings with the
Company. The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the Company, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to certain provisions of
the Indenture, may otherwise deal with the Company with the same rights it would have if it were not the Trustee, Authenticating Agent, Paying Agent, Security Registrar, or such other agent. 

12. No Recourse Against Others. A director, officer or employee or stockholder, as such of the Company, shall not have any liability for
any obligations of the Company under the Notes or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder waives and releases all such liability. The waiver and
release shall be part of the consideration for the issue of the Notes. 
 13. Governing Law. THIS NOTE SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. 

  
 4 

 14. Copy of Indenture. The Company shall furnish to any Holder upon written request
and without charge a copy of the Indenture which has in it the text of this Note. Requests may be made to: 
 AVNET, INC. 

2211 South 47th Street 
 Phoenix,
Arizona 85034 
 Attn: Corporate Secretary 

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

  
 5 

 ASSIGNMENT FORM 

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

 
  

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

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint ____________________________________________________________ to transfer this Note on the books of the
Company. The agent may substitute another to act for him. 
 Date: __________________ 

 

			
	Your Signature:	 	  

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

 Signature Guarantee* 
  

 
 *NOTICE: The Signature must be guaranteed by an
institution which is a member of one of the following recognized signature Guarantee Programs: (i) Securities Transfer Agents Medallion Program (STAMP); (ii) New York Stock Exchange Inc. Medallion Signature Program (MSP); (iii) Stock Exchanges
Medallion Program (SEMP); or (iv) in such other guarantee program acceptable to the Trustee. 
 Customary abbreviations may be used in the name of a
Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entirety), JT TEN (=joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 19(A) of the Officers’ Certificate, check the box below: 

☐ Section 19(A) 
 If you want to elect to have only
part of the Note purchased by the Company pursuant to Section 19(A) of the Officers’ Certificate, state the amount you elect to have purchased: 
 $
__________ 
  

							
	Date: __________	 		 		 	
		 		 	Your Signature:	 	  

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

  

							
		 		 	            Tax Identification No:	 	  

 Signature Guarantee*: 
  

	
	  
 (*Participant in a Recognized
Signature Guarantee

	Medallion Program)

  

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of an interest in this Global Note for an interest in another Global Security or for a certificated Security, or
exchanges of an interest in another Global Security or certificated Security for an interest 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
Officer or
Trustee or
Security
CustodianEX-10.1

  Exhibit 10.1

  ICOSAVAX, INC.

  ANNUAL BONUS PLAN

  1.PURPOSE

  This Annual Bonus Plan (the “Plan”) is adopted under the Icosavax, Inc. 2021 Incentive Award Plan (the “2021 Plan”) and is intended to provide an incentive for eligible employees of Icosavax, Inc. (the “Company”) to perform to the best of their abilities, to further the growth, development and financial success of the Company, and to enable the Company to attract and retain highly qualified employees. For purposes of the Plan, the “Plan year” shall mean each calendar year.

  2.ADMINISTRATION

  The Plan shall be administered by the Compensation Committee (the “Committee”) of the Board of Directors of the Company, provided that the Company’s Chief Executive Officer shall administer the Plan with respect to all Participants (as defined below) who are not executive officers of the Company (for purposes of Section 16 of the Securities Exchange Act of 1934, as amended).  The Committee or the Chief Executive Officer, as applicable, shall be the “Administrator” for purposes of the Plan.  The Administrator shall have the discretion and authority to administer and interpret the Plan, including the authority to establish one or more bonus programs under the Plan from time to time containing such terms and conditions as the Administrator may determine or deem appropriate in its discretion.  

  3.PARTICIPANTS

  All employees of the Company and its subsidiaries meeting the eligibility requirements set forth in this Section 2 shall be eligible to receive a bonus award (an “Award”) hereunder (each such eligible employee, a “Participant”). To receive an Award under the Plan with respect to any Plan year, a Participant must:

  (a)Be an “Active” employee as of the date of payment of his or her Award. For purposes of this Plan, “Active” shall mean an employee who is actively employed by the Company, including an employee on an approved leave of absence, such as medical, personal or military leave, but not an employee who has been moved to “inactive” status pursuant to the Company’s employee handbook.

  (b)Be a “Regular Full-Time, Exempt Employee” at the end of the relevant Plan year. For purposes of this Plan, “Regular Full-Time, Exempt Employee” shall mean an employee who is regularly scheduled to work at least 30 hours per week and is classified as an “exempt” employee. Temporary or seasonal employees, non-exempt employees (whether full-time or part-time), interns, independent contractors and consultants are ineligible to participate in the Plan.

  (c)Have been an eligible employee for at least two consecutive months prior to the end of the relevant Plan year.

  (d)Be an employee in good standing (e.g., not on a performance improvement plan or other disciplinary procedure) and performing at a minimum performance level as determined by the Administrator for bonus eligibility under this Plan at the time his or her Award is paid.

   

  1

  |US-DOCS\129044017.1||

  

  (e)Not engage in and/or be involuntarily terminated as a result of misconduct or a violation of Company policy during the Plan year or prior to the payment of his or her Award, as determined by the Company.

  (f)Not be eligible for an annual bonus or annual incentive for the applicable Plan year under any other annual bonus or annual incentive program maintained by the Company.

  4.Change in Status During the Plan Period

  (a)	A Participant who has been an eligible employee for less than a year, but who is an eligible employee for at least two months prior to the end of a Plan Year and remains continuously employed through the end of such Plan year, will receive a pro-rata Award based on the portion of the Plan year he or she was an eligible employee. 

   

  (b)	Award payments may also be prorated for any time during a Plan year an otherwise eligible employee was not classified as an Active employee or Regular Full-Time, Exempt Employee during such Plan year, in the discretion of the Administrator. 

   

  (c)	For Participants who experience a change in job classification or promotion during the Plan year, the Award calculation may be prorated, based on the number of months at each position or job classification.

   

  (d)	If a Participant dies or a Participant’s employment is terminated for any reason prior to the payment of his or her Award, the payment of any Award (and in the case of death, the person or persons to whom such payment shall be made) shall be determined at the sole discretion of the Administrator.

   

  (e)	A Participant’s Award may be prorated in the event of a leave of absence during the Plan year.  

   

  (f)	The foregoing proration requirements shall be applied, and can be waived, at the discretion of the Administrator.  

   

  5.TARGET AWARD PERCENTAGES

  Each Participant will be assigned a “Target Award Percentage” based on his or her job classification and responsibilities. The Target Award Percentages will be initially established by the Administrator and may be adjusted by the Administrator as necessary or appropriate.

  A “Target Award” for each Participant for each Plan Year will be determined by multiplying his or her “Target Award Percentage” by his or her base salary effective during such Plan year.  

  6.PERFORMANCE GOALS

  The Plan is intended to provide incentive for the achievement of approved annual corporate and/or individual objectives with respect to each Plan year.

  (a)Corporate Performance. For each Plan year, the Chief Executive Officer will present to the Committee a list of weighted corporate performance goals for the applicable Plan year, which are subject to approval by the Committee. It is intended that the corporate performance goals be based upon financial, operational or strategic objectives related to the Company’s annual business plan, with the weighting of the various objectives to be approved by the Committee.

   

  2

  |US-DOCS\129044017.1||

  

  (b)Individual Performance. Unless otherwise determined by the Administrator, all Participants in the Plan will work with their direct supervisors to develop a list of key individual performance goals, which individual performance goals will be subject to the approval of each Participant’s direct supervisor. The individual performance goals for the executive officers of the Company, if applicable, will be approved by the Chief Executive Officer of the Company.

  7.WEIGHTINGS

  Other than the Chief Executive Officer of the Company, whose Award will be determined solely by reference to corporate performance goal achievement as set forth below, the relative weight between corporate performance and individual performance will be determined by the Administrator for each Participant and may be adjusted by the Administrator as necessary or appropriate, and may vary based on job classification and responsibilities. 

  8.PERFORMANCE MEASUREMENT

  Separate achievement levels will be established for each of the corporate and individual components of each Award for each Plan year. Unless otherwise determined by the Administrator, the achievement levels will be expressed as a percentage, representing Award multipliers to be used to determine the final Award payments.

  (a)Corporate Performance. The Chief Executive Officer of the Company will present to the Committee for its approval his assessment of the level of the Company’s achievement of its corporate performance goals, in the Committee’s sole discretion. The final corporate achievement level will be expressed as a percentage within the range specified by the Committee with respect to each Plan year, which achievement level may exceed 100%. Unless otherwise determined by the Administrator, the same corporate achievement level, as approved by the Committee, shall be used for the corporate component of each Participant’s Award.  

  (b)Individual Performance. A Participant’s achievement level with respect to the individual component of his or her Award will be expressed as a percentage within the range specified by the Administrator with respect to each Plan year, which achievement level may exceed 100%. While a Participant’s direct manager shall take a Participant’s achievement with respect to his or her individual performance goals for the Plan year, if applicable, into account in determining individual performance achievement, any such determination remains in the discretion of the direct manager based on their subjective assessment of a Participant’s overall performance. If applicable, the proposed individual achievement levels for the executive officers of the Company will be presented by the Chief Executive Officer of the Company to the Committee for its approval, which shall retain the sole discretion to determine such executives’ individual achievement level based on its subjective assessment of each executive’s overall performance. 

  9.AWARD CALCULATIONS

  The actual Award for a Participant will be calculated by the Administrator by allocating the Target Award for such Participant between the corporate and/or individual weightings for the relevant Plan year, if applicable, and then applying the corresponding corporate and individual achievement multipliers to such amounts, in the manner determined by the Administrator for such Plan year. Unless otherwise determined by the Administrator, a Participant’s maximum Award under the Plan shall not exceed 200% of his or her Target Award.  

   

  3

  |US-DOCS\129044017.1||

  

  The Administrator may, in its discretion, reduce or eliminate an Award otherwise payable to any Participant. Any such reduction or elimination may be made based on such objective or subjective determinations as the Administrator determines appropriate.

  10.PAYMENT OF AWARDS

  The payment of Awards under the Plan shall be made on any date or dates determined by the Company during the calendar year following the Plan year to which such Awards relate and shall be subject to such terms and conditions as may be determined by the Administrator in its sole discretion. As provided in Section 2, a Participant must be an Active employee of the Company or its subsidiaries and in good standing as of the date on which the Award is paid in order to be entitled to receive such Award. 

  Any Award that becomes payable under the Plan may be paid in the form of cash, shares of the Company’s common stock, stock options or other equity-based awards or a combination of the foregoing, as determined by the Administrator in its sole discretion. To the extent that the Administrator determines to pay an Award in the form of shares of the Company’s common stock, such shares shall be awarded under the 2021 Plan and shall be subject to the terms and conditions thereof.

  11.AMENDMENT, SUSPENSION AND TERMINATION

  The Administrator may amend, suspend or terminate the Plan at any time in its sole discretion. Such discretion may be exercised any time before, during, and after the Plan year is completed.  No Participant shall have any vested right to receive any payment until actual delivery of such compensation. Participation in the Plan at any given time does not guarantee ongoing participation.

  12.MISCELLANEOUS

  (a)The Company shall deduct all federal, state, and local taxes required by law or Company policy from any Award paid hereunder.

  (b)This Plan does not, and Company policies and practices in administering this Plan do not, constitute an express or implied contract or other agreement concerning the payment of any Award or the duration of any Participant’s employment with the Company. The employment relationship of each Participant is “at will” and may be terminated at any time by the Company or by the Participant, with or without cause.

  (c)The Plan shall be unfunded. The Company shall not be required to establish any special or separate fund or to make any other segregation of assets to assure the payment of any Award under the Plan. 

  (d)Awards granted under the Program are intended to constitute Other Stock or Cash Based Awards, as defined in and for purposes of the 2021 Plan.

   

   

  4

  |US-DOCS\129044017.1||

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]