Payment of the principal of and premium, if any, and interest at Maturity on this Security
shall be made upon presentation of this Security at the office or agency of the Company maintained for that purpose in The City of New York, in the State of New York, in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and private debts; provided, however, that, at the option of the Company, interest on this Security (other than interest payable at Maturity) may be paid by check mailed to the address of
the person entitled thereto, as such address shall appear on the Security Register, and provided, further, that if such person is a securities depositary, such payment may be made by such other means in lieu of check as shall be agreed
upon by the Company, the Trustee and such person.
All terms used in this Security not otherwise defined herein which are defined in the
Indenture shall have the meanings assigned to them in the Indenture and in the Officers Certificate establishing the terms of the Securities of this series (the Series Officers Certificate).
Business Day means any day other than a Saturday or a Sunday or a day on which banking institutions in The City of New York are authorized or required by law or executive order to remain closed or a day on which the
corporate trust office of the Trustee is closed for business.
This Security is one of a duly authorized issue of securities of the
Company (herein called the Securities), issued and to be issued in one or more series under an Indenture, Deed of Trust and Security Agreement, dated as of October 1, 2008 (herein, together with any amendments
or supplements thereto, called the Indenture, which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York Mellon, as trustee (herein called the
Trustee, which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture, for a statement of the property mortgaged, pledged and held in trust, the nature and extent of
the security, the conditions upon which the Lien of the Indenture may be released and to the Indenture, Board Resolutions and Series Officers Certificate creating the series designated on the face hereof, for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. The acceptance of this Security
shall be deemed to constitute the consent and agreement by the Holder thereof to all of the terms and provisions of the Indenture. This Security is one of the series designated on the face hereof.
Prior to March 15, 2054 (the Par Call Date), the Securities of this series will be redeemable at the
option of the Company, in whole or in part, on not less than 10 days notice prior to the date fixed for redemption (each a Redemption Date), 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) (a Redemption Price) equal to the greater of:
(1) (a) the sum of the present values of the remaining scheduled payments of principal of the Securities of this series to be redeemed and
interest thereon discounted to the Redemption Date (assuming the Securities of this series 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 25 basis points less (b) interest accrued to the Redemption Date, and
(2) 100% of the principal amount of the Securities of this series being redeemed,
plus, in either case, accrued and unpaid interest on the Securities of this series being redeemed to, but not including, the Redemption Date.
On or after the Par Call Date, the Securities of this series will be redeemable at the option of the Company, in whole or in part, on not less
than 10 days notice prior to the Redemption Date, at any time
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