Document:

EX-10.26

 Exhibit 10.26 
 AMENDMENT NO. 5 TO NOTE PURCHASE AGREEMENT 
 THIS AMENDMENT NO. 5 TO NOTE
PURCHASE AGREEMENT (this “Amendment”) is entered into as of May 31, 2013, by and among KMG CHEMICALS, INC., a Texas corporation (“KMG Chemicals”), KMG-BERNUTH,
INC., a Delaware corporation (“KMG-Bernuth”), KMG ELECTRONIC CHEMICALS, INC., a Texas corporation (“KMG ECI” and, together with KMG Chemicals and
KMG-Bernuth, collectively, the “Companies” and each, individually, a “Company”), and the undersigned holders of Notes (as hereinafter defined). 

Recitals 
 A. The Companies entered into a Note Purchase Agreement dated as of December 31, 2007 (as amended by Amendment No. 1 to Note Purchase Agreement dated as of March 6, 2009, as amended by
Amendment No. 2 to Note Purchase Agreement dated as of March 18, 2010, as amended by Amendment No. 3 to Note Purchase Agreement dated as of November 23, 2011, as amended by Amendment No. 4 to Note Purchase Agreement and
Limited Consent dated as of April 26, 2013, and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Note Agreement”), with the several Purchasers (as defined in the Note
Agreement) listed in the Purchaser Schedule attached thereto, pursuant to which the Companies issued and sold to such Purchasers the Companies’ 7.43% Senior Secured Notes due December 31, 2014, in the aggregate principal amount of
$20,000,000 (together with any such promissory notes that may have been issued in substitution or exchange therefor prior to the date hereof, the “Notes”). 
 B. Pursuant to Amendment No. 4 to Note Purchase Agreement and Limited Consent dated as of April 26, 2013, the Companies desire to make Cyantek a guarantor of the Notes and make certain
conforming amendments and modifications to the Note Agreement, as set forth in this Amendment, and the undersigned holders of Notes, subject to the terms and conditions set forth herein, are willing to agree to such amendments and modifications.

 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows: 
 1. Definitions. Capitalized terms used and
not otherwise defined herein shall have the respective meanings ascribed to them in the Note Agreement. 
 2. Amendments
to Schedule B (Defined Terms). Schedule B of the Note Agreement is hereby amended by inserting or restating, as applicable, the following definitions to read in their entirety as follows: 

“Company Consolidated Group” means the Companies, KMEX, KMG Italia, Cyantek and any other Person who,
after the date of this Agreement, unconditionally guarantees the payment and performance when due of the Note Agreement Obligations (each such Person referred to singularly as a “Member of the Company Consolidated Group”).

 “Company Parties” means the Companies, Cyantek and any
other Person that hereafter becomes a party to this Agreement or any other Note Document, and which Person is responsible in whole or in part for the payment or performance of any of the Note Agreement Obligations. 

“Cyantek Guaranty Agreement” means the Guaranty Agreement dated as of May 31, 2013, executed by
Cyantek in favor of the holders, as amended, modified or supplemented from time to time to the extent not prohibited by this Agreement. 
 “Mortgages” means (a) the Deed of Trust and Security Agreement dated as of December 31, 2007, executed by KMG ECI in favor of the Collateral Agent, with respect to the Mortgaged
Property located in Pueblo County, Colorado; (b) the Mortgage and Security Agreement dated as of December 31, 2007, executed by KMG-Bernuth in favor of the Collateral Agent, with respect to the Mortgaged Property located in Doniphan
County, Kansas; and (c) the Deed of Trust, Assignment of Rents and Leases, Security Agreement and Financing Statement dated as of March 18, 2010, executed by KMG ECI in favor of the Collateral Agent, with respect to the Mortgaged Property
located in San Benito County, California, and such term includes any and all extensions, revisions, modifications or amendments at any time made to any of the foregoing. 

“Note Documents” means collectively, this Agreement, the Notes, the Security Documents, the Intercreditor
Agreement, the Cyantek Guaranty Agreement and each other agreement, instrument, guaranty agreement or document executed at any time in connection with the foregoing documents, as each such Note Document may be amended, modified or supplemented from
time to time to the extent not prohibited by this Agreement; provided that, although the Credit Agreement is a Security Document, the term Note Documents shall only include the provisions of the Credit Agreement directly or indirectly related
to the granting of the Collateral Agent’s Lien and the enforcement of such Lien. 
 3. Amendments to Section 11
(Events of Default). Section 11 of the Note Agreement is hereby amended as follows: 
 (a) Each reference to
“Company” in Sections 11.1(d), 11.1(e) and 11.1(o) is hereby replaced by a reference to “Company Party”. 
 4. Cyantek Guaranty Agreement. The holders (on behalf of themselves and their successors and assigns) hereby expressly agree to the provisions set forth in the fourth paragraph of
Section 1 of the Cyantek Guaranty Agreement. 

  
 2 

 5. Representations and Warranties of the Companies. Each Company hereby
represents and warrants that it is a corporation duly organized and validly existing in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good standing in each jurisdiction in
which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each
Company has the corporate power and authority to execute and deliver this Amendment and to perform its obligations under this Amendment and the Note Agreement as amended hereby. The execution and delivery by each Company of this Amendment and the
performance by each such Company of its obligations under this Amendment and the Note Agreement as amended hereby have been duly authorized by all necessary corporate action on the part of each Company. Each Company has duly executed and delivered
this Amendment, and this Amendment and the Note Agreement as amended hereby constitute the legal, valid and binding obligations of each Company, enforceable against each such Company in accordance with its terms. 

6. Conditions to Effectiveness. The parties hereto agree that this Amendment and the consent and amendments to the Note
Agreement contained herein shall become effective, as of the date first written above (the “Effective Date”), upon the satisfaction of each of the following conditions: 

(a) Representations and Warranties. Each of the representations and warranties made in this Amendment and the other Note Documents
shall be true and correct on and as of the Effective Date as if made on and as of such date, both before and after giving effect to this Amendment. 
 (b) No Default or Event of Default. No Default or Event of Default shall exist, both before and after giving effect to this Amendment. 

(c) Amendment. The holders of Notes shall have received an original of this Amendment executed and delivered by the Companies and
the Required Holders. 
 (d) Cyantek Guaranty Agreement. The holders of Notes shall have received an original of the
Cyantek Guaranty Agreement executed and delivered by Cyantek. 
 (e) Cyantek Security Document. The holders of Notes shall
have received a copy of a Security Document executed and delivered by Cyantek, which Security Document shall be in form and substance satisfactory to the Required Holders. 
 (f) Joinder to Intercreditor Agreement. The holders of Notes shall have received an original of a Joinder to Intercreditor and Collateral Agency Agreement executed and delivered by Cyantek.

 (g) Credit Agreement Amendment. The holders of Notes shall have received a copy of an amendment to the Credit Agreement
executed and delivered by the Companies and the Lender Parties, which amendment to the Credit Agreement Amendment shall be in form and substance satisfactory to the Required Holders. 

(h) Secretary’s Certificate. The holders of Notes shall have received a Secretary’s Certificate (with customary and
appropriate attachments) executed and delivered by Cyantek, which Secretary’s Certificate shall be in form and substance satisfactory to the Required Holders. 
 (i) Opinion of Counsel. Cyantek’s outside legal counsel shall have delivered to the holders of Notes a legal opinion in form and substance satisfactory to the Required Holders with respect to
the Cyantek Guaranty Agreement and the Security Document executed by Cyantek. 

  
 3 

 7. Miscellaneous. 

(a) References to Note Agreement. Upon and after the date of this Amendment, each reference to the Note Agreement in the Note
Agreement, the Notes or any other instrument or agreement entered into in connection therewith or otherwise related thereto shall mean and be a reference to the Note Agreement as amended by this Amendment. 

(b) Ratification and Confirmation. Except as specifically amended herein, the Note Agreement shall remain in full force and effect,
and is hereby ratified and confirmed. 
 (c) No Waiver. The execution, delivery and effectiveness of this Amendment shall
not operate as a waiver of any right, power or remedy of any holder of Notes, nor, except as expressly provided herein, constitute a waiver or amendment of any provision of the Note Agreement, any Note or any other instrument or agreement entered
into in connection therewith or otherwise related thereto. 
 (d) Note Document. This Amendment is a Note Document and all
of the provisions of the Note Agreement that apply to Note Documents apply hereto. 
 (e) Expenses. Each Company agrees to
pay promptly all expenses of the holders of Notes related to this Amendment and all matters contemplated hereby, including, without limitation, all fees and expenses of the holders’ special counsel. 

(f) GOVERNING LAW. THIS AMENDMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE
GOVERNED BY, THE LAW OF THE STATE OF NEW YORK. 
 (g) Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument. Each counterpart
may consist of a number of copies hereof, each signed by less than all, but together signed by all, the parties hereto. Delivery of this Amendment may be made by telecopy or electronic transmission of a duly executed counterpart copy hereof;
provided that any such delivery by electronic transmission shall be effective only if transmitted in .pdf format, .tif format or other format in which the text is not readily modifiable by any recipient thereof. 

[The remainder of this page is intentionally left blank; signature page follows] 

  
 4 

 IN WITNESS WHEREOF, the undersigned have caused this Amendment to be executed and delivered
by their duly authorized officers as of the date first above written. 
  

			
	KMG CHEMICALS, INC.
		
	 By:
	 	/s/ John V. Sobchak
	 Name:
	 	John V. Sobchak
	 Title:
	 	Vice President and CFO
	
	 KMG-BERNUTH, INC.

		
	 By:
	 	/s/ John V. Sobchak
	 Name:
	 	John V. Sobchak
	 Title:
	 	Vice President and CFO
	
	 KMG ELECTRONIC CHEMICALS, INC.

		
	 By:
	 	/s/ John V. Sobchak
	 Name:
	 	John V. Sobchak
	 Title:
	 	Vice President and CFO
	
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
		
	 By:
	 	/s/ Brien F. Davis
	 Name:
	 	Brien F. Davis
	 Title:
	 	Vice President

 Signature page to Amendment No. 5 to Note Purchase AgreementForm of 3.125% Notes due 2033

 Exhibit 4.1 

REGISTERED 
 No. 

PHILIP MORRIS INTERNATIONAL INC. 
  

					
		  	3.125% NOTES DUE 2033	  	 PRINCIPAL AMOUNT
 €

CUSIP NO. 718172 BC2
 ISIN NO. XS0940697187

 THIS NOTE IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO
AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TRUST COMPANY (THE
“DEPOSITARY”) TO A NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO
THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT
IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED
OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 PHILIP MORRIS INTERNATIONAL INC., a Virginia corporation (hereinafter called
the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of
€                    (or such other principal sum as has been most lately endorsed on the Schedule of Exchanges of Interests hereto) on
June 3, 2033, and to pay interest thereon from June 3, 2013 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, annually in arrears on June 3, in each year, commencing June 3, 2014,
at the rate of 3.125% 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 Securities) is registered at the close of business on the Regular Record
Date for such interest, which shall be May 19 (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 be paid to the Person in whose name this Note (or one or more Predecessor
Securities) 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 for the Notes, notice whereof shall be given to Holders of Notes not less than 10 days prior to such
Special Record Date, or may 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. 
 Interest on this Note will be calculated on the basis of the actual number of days in the period for
which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Note (or June 3, 2013 if no interest has been paid on this Note), to but excluding the next scheduled Interest
Payment Date. 
 Payment of the principal of (and premium, if any) and interest on this Note will be made at the office or agency of the
Company maintained for that purpose in the City of London or the Borough of Manhattan, The City of New York, in such coin or currency of the member states of the European Monetary Union that have adopted or that adopt the single currency in
accordance with the treaty establishing the European Community, as amended by the Treaty on European Union as at the time of payment shall be legal tender for the payment of public and private debts, provided that holders of interests in the
Note through the Depositary will receive payment in United States dollars unless they make an election to receive payment in Euros in accordance with the procedures of the Depositary, in which case the Currency Determination Agent under the
Indenture will convert the Euros paid by the Company into U.S. dollars in accordance with the Indenture; provided further, however, that at the option of the Company payment of interest may be made by check mailed to the address
of the Person entitled thereto as such address shall appear on the Securities Register or by wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 15
days prior to the date for payment by the person entitled thereto. All payments of principal, premium, if any, and interest in respect of this Note will be made by the Company in immediately available funds. 

Additional provisions of this Note are contained on the reverse hereof, and such provisions shall have the same effect as though fully set
forth in this place. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee for the Notes by
manual signature, this Note shall not be entitled to any benefit under the Indenture, or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, PHILIP MORRIS INTERNATIONAL INC. has caused this instrument to be duly
executed. 
  

					
	Dated: June 3, 2013
	
	PHILIP MORRIS INTERNATIONAL INC.
			
	By:	 	 	 	
	Name:   Marco Kuepfer
	Title:     Vice President Finance and Treasurer
	
	Attest:
			
	By:	 	 	 	
	Name:   Markus R. Mueller
	 Title:     Assistant General Counsel and

              Assistant Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein described in the within-mentioned Indenture. 

 

					
	 HSBC BANK USA, NATIONAL ASSOCIATION,

as Trustee

			
	By:	 	 	 	
		 	Authorized Officer	 	

  
 3.125% Notes due 2033 -
No. 

 (Reverse of Note) 

PHILIP MORRIS INTERNATIONAL INC. 

This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness (hereinafter called the
“Securities”) of the Company of the series hereinafter specified, which series is limited in aggregate principal amount to €500,000,000 (except as provided in the Indenture hereinafter mentioned), all such Securities issued and to be
issued under an Indenture dated as of April 25, 2008 between the Company and HSBC Bank USA, National Association, as Trustee (herein called the “Indenture”), to which Indenture and all other indentures supplemental thereto reference
is hereby made for a statement of the rights and limitations of rights thereunder of the Holders of the Securities and of the rights, obligations, duties and immunities of the Trustee for each series of Securities and of the Company, and the terms
upon which the Securities are and are to be authenticated and delivered. As provided in the Indenture, the Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at
different times, may bear interest, if any, at different rates, may be subject to different redemption provisions, if any, may be subject to different sinking, purchase or analogous funds, if any, may be subject to different covenants and Events of
Default and may otherwise vary as in the Indenture provided or permitted. This Note is one of a series of the Securities designated therein as 3.125% Notes due 2033 (the “Notes”). 

Principal and interest payments in respect of the Notes are payable by the Company in Euro, but holders of beneficial interests in Global
Securities held through the Depositary will receive payments in Dollars unless they elect to receive payments in Euro. If a Holder through the Depositary has not made such an election, payments to the Holder will be converted to Dollars by the
exchange agent, which will be the Currency Determination Agent under the Indenture. All costs of conversion will be borne by the Holder by deduction from the payments. The Dollar amount of any payment in respect of principal or interest received by
a Holder not electing payment in Euro will be the amount of Euro otherwise payable exchanged into Dollars at the Euro/Dollar rate of exchange prevailing as at 11:00 a.m. (New York City time) on the day which is two Business Days prior to the
relevant payment date, less any costs incurred by the exchange agent for the conversion (to be shared pro rata among the holders of beneficial interests in the Global Securities accepting Dollar payments in proportion to their respective holdings),
in accordance with the following. 
 The Currency Determination Agent will obtain a bid quotation from a leading foreign exchange bank in
the City of New York, which may be the Trustee or the Currency Determination Agent or otherwise selected by the Company. If no bid quotation from a leading foreign exchange bank is available, payment will be made in Euro to the account or accounts
specified by the Depositary to the Trustee unless Euro are unavailable due to the imposition of exchange controls or other circumstances beyond the Company’s control. 

The holder of a beneficial interest in the Global Securities held through a participant of the Depositary (other than Euroclear or
Clearstream) may elect to receive payment or payments under a Global Security in Euro by notifying the Depositary participant through which its Notes are held on or prior to the applicable Regular Record Date of (1) the Holder’s election
to receive 

 
all or a portion of the payment in Euro and (2) wire transfer instructions to a Euro account located outside of the United States. The Depositary must be notified of an election and wire
transfer instructions (1) on or prior to the third New York Business Day after the Regular Record Date for any payment of interest and (2) on or prior to the fifth New York Business Day prior to the date for any payment of principal. The
Depositary will notify the Trustee of an election and wire transfer instructions (1) on or prior to 5:00 p.m. (New York City time) on the fifth New York Business Day after the Regular Record Date for any payment of interest and (2) on or
prior to 5:00 p.m. (New York City time) on the third New York Business Day prior to the date for any payment of principal. If complete instructions are forwarded to and received by the Depositary through Depositary participants and forwarded by the
Depositary to the Trustee and received on or prior to such dates, such Holder will receive payment in Euro outside the Depositary; otherwise, only Dollar payments will be made by the Trustee to the Depositary. All costs of conversion will be borne
by holders of beneficial interests in the Global Securities receiving Dollars by deduction from those payments. 
 So long as the Notes of
this series are in the form of Global Securities only, all Notes of this series will collectively be evidenced (a) by one or more Global Securities (the “DTC Global Notes”) and (b) by the Global Security of this series registered
in the name of HSBC Issuer Services Common Depositary Nominee (UK) Limited (the “International Global Note”). The DTC Global Notes and the International Global Note will at all times collectively represent the aggregate principal amount of
this series outstanding from time to time. If at any time a portion of the International Global Note is exchanged for an interest in one or more DTC Global Notes, the principal amount of one or more DTC Global Notes shall be increased by the amount
of such portion, and such DTC Global Notes shall be endorsed on the Schedule of Exchanges of Interests thereto to reflect such principal increase, subject to the limitation that in no event may the principal amount of any DTC Global Note be greater
than the equivalent in Dollars of $500,000,000. If at any time a portion of a DTC Global Note is exchanged for an interest in the International Global Note, the principal amount of such DTC Global Note shall be decreased by the amount of such
portion, and the DTC Global Note shall be endorsed on the Schedule of Exchanges of Interests thereto to reflect such principal decrease. To ascertain the Dollar equivalent of the principal amount endorsed on the Schedule of Exchanges of Interests
attached to such DTC Global Note, inquiry shall be made of the Currency Determination Agent, and the Dollar equivalent quoted by the Currency Determination Agent (and the date of such quote) shall be noted on such Schedule of Exchanges of Interests
next to the corresponding Euro amount. 
 Section 1010 of the Indenture shall be applicable to the Notes, except that (i) the
term “Holder,” when used in Section 1010 of the Indenture, shall mean the beneficial owner of a Note or any person holding on behalf or for the account of the beneficial owner of a Note; (ii) the following language shall replace
subsection (k) to Section 1010 of the Indenture “any tax, assessment or other governmental charge imposed pursuant to the provisions of Sections 1471 through 1474 of the Code” and (iii) the following language shall be
included as subsection (l) to Section 1010 of the Indenture “any combination of items (a), (b), (c), (d), (e), (f), (g), (h), (i), (j) and (k).” 

The Company may redeem the Notes prior to maturity in whole, but not in part, on not more than 60 days’ notice and not less than 30
days’ notice at a redemption price equal to the 

 
principal amount of such Notes plus any accrued interest and additional amounts to the date fixed for redemption if: 
  

	 	—	as a result of a change in or amendment to the tax laws, regulations or rulings of the United States or any political subdivision or taxing authority of or in the United States or any change in official position
regarding the application or interpretation of such laws, regulations or rulings (including a holding by a court of competent jurisdiction in the United States) that is announced or becomes effective on or after June 3, 2013, the Company has or
will become obligated to pay additional amounts with respect to the Notes as described in Section 1010 of the Indenture, or 

  

	 	—	on or after June 3, 2013, any action is taken by a taxing authority of, or any decision is rendered by a court of competent jurisdiction in, the United States or any political subdivision or taxing authority of or
in the United States, including any of those actions specified in the bullet point above, whether or not such action is taken or decision is rendered with respect to the Company, or any change, amendment, application or interpretation is officially
proposed, which, in any such case, in the written opinion of independent legal counsel of recognized standing, will result in a material probability that the Company will become obligated to pay additional amounts with respect to the Notes,

 and the Company in its business judgment determines that such obligations cannot be avoided by the use of reasonable measures available to
the Company. 
 If the Company exercises its option to redeem the Notes, the Company will deliver to the Trustee a certificate signed by an
authorized officer stating that it is entitled to redeem the Notes and the written opinion of independent legal counsel if required. 
 The
Indenture contains provisions for defeasance at any time of the entire principal of all the Securities of any series upon compliance by the Company with certain conditions set forth therein. 

If an Event of Default (other than an Event of Default described in Section 501(4) or 501(5) of the Indenture) with respect to the Notes
shall occur and be continuing, then either the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities of all series then Outstanding (or, if such default is not applicable to all series of the Securities, the Holders
of at least 25% in principal amount of the then Outstanding Securities of all series to which it is applicable) (in each case voting as a single class) may declare the entire principal amount of the Securities of all series so affected due and
payable in the manner and with effect provided in the Indenture. If an Event of Default specified in Section 501(4) or 501(5) occurs with respect to the Company, all of the unpaid principal amount and accrued interest then Outstanding shall
ipso facto become and be immediately due and payable in the manner with the effect provided in the Indenture without any declaration or other act by the Trustee or any Holder. 

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities under the Indenture at any time by the Company with the consent of the Holders of not less than a majority in aggregate principal amount of
the Outstanding Securities of all series of Securities affected thereby (voting as a single class). The Indenture also contains provisions permitting the Holders of specified percentages in aggregate principal amount of the Securities of all series
affected thereby at the time Outstanding (voting as a single class) to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences to the affected series. Any such
consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the transfer hereof or in exchange or in lieu hereof whether or not 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 times, place and rate, and in the coin or currency, herein and in the Indenture
prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, this Note is transferable on the Security
Register of the Company, upon surrender of this Note for registration of transfer at the office or agency of the Company to be maintained for that purpose in the Borough of Manhattan, The City of New York, or at any other office or agency of the
Company maintained for that purpose, 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 or her attorney duly authorized in
writing, and thereupon one or more new Notes, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Notes are issuable only in registered form in denominations of €100,000 and any integral multiple of €1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of a like tenor and of a different authorized denomination, as requested by the Holder
surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 The Company, the Trustee for
the Notes and any agent of the Company or such Trustee may treat the Person in whose name this Note is registered as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or not this Note be
overdue, and neither the Company, such Trustee nor any such agent shall be affected by notice to the contrary. 
 Certain of the
Company’s obligations under the Indenture with respect to Notes may be terminated if the Company irrevocably deposits with the Trustee money or Government 

 
Obligations sufficient to pay and discharge the entire indebtedness on all Notes, as provided in the Indenture. 

This Note shall for all purposes be governed by, and construed in accordance with, the laws of the State of New York. 

For purposes of the Notes, the term “Business Day” means any day other than (1) a Saturday or Sunday or a day on which
commercial banks in the City of New York or the City of London are authorized or required by law, regulation or executive order to close and (2) a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET or
TARGET2) system is not open. The term “New York Business Day” means any day other than a Saturday or Sunday or a day on which commercial banks in the City of New York are authorized or required by law, regulation or executive order to
close. 
 Certain terms used in this Note which are defined in the Indenture have the meanings set forth therein. 

 ASSIGNMENT FORM 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

PLEASE INSERT SOCIAL SECURITY NUMBER OR 
 OTHER IDENTIFYING
NUMBER OF ASSIGNEE 
  
  

(Name and address of Assignee, including zip code, must be printed or typewritten) 
  

 
  
  

 
  

the within Note, and all rights thereunder, hereby irrevocably, constituting and appointing 

 
  
  

 
  
  

Attorney to transfer the said Note on the books of Philip Morris International Inc. with full power of substitution in the premises. 

 

					
	Dated:                     	  		  	
		  		  	 
		  	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Note in every particular, without alteration or
enlargement or any change whatsoever.

 SCHEDULE OF EXCHANGES OF INTERESTS 

The following exchanges of a part of this Note for an interest in another Global Security or for a certificated Note, or exchanges of a part
of another Global Security or certificated Note for an interest in this Note, have been made: 
  

									
	 Date of

Exchange
	 	 Amount of

decrease in
 Principal

Amount of
 this Note
	 	 Amount of

increase in
 Principal

Amount
 of this Note
	 	 Principal Amount

of this Note
 following such

decrease (or
 increase)
	 	 Signature of

Authorized Officer of

Trustee or Currency
Determination Agent

					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  
					
	  	 	  	 	  	 	  	 	  

  

	*	This Schedule may be used by the Trustee, Paying Agent, Currency Determination Agent or other agent of the Company in respect of this Note, and, if so used, shall be deemed a part thereof for all purposes.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]