<SEC-DOCUMENT>0001193125-23-163898.txt : 20230609
<SEC-HEADER>0001193125-23-163898.hdr.sgml : 20230609
<ACCEPTANCE-DATETIME>20230609060730
ACCESSION NUMBER:		0001193125-23-163898
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20230609
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230609
DATE AS OF CHANGE:		20230609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PayPal Holdings, Inc.
		CENTRAL INDEX KEY:			0001633917
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				472989869
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36859
		FILM NUMBER:		231003793

	BUSINESS ADDRESS:	
		STREET 1:		2211 NORTH FIRST STREET
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95131
		BUSINESS PHONE:		(408) 967-1000

	MAIL ADDRESS:	
		STREET 1:		2211 NORTH FIRST STREET
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95131
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d495603d8k.htm
<DESCRIPTION>8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8" ?>
<html xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:us-types="http://fasb.org/us-types/2022" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:pypl="http://www.paypal.com/20230609" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:utr="http://www.xbrl.org/2009/utr" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns="http://www.w3.org/1999/xhtml">
<head>
<title>8-K</title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
   <body><div style="display:none"> <ix:header> <ix:hidden> <ix:nonNumeric name="dei:AmendmentFlag" contextRef="duration_2023-06-09_to_2023-06-09">false</ix:nonNumeric> <ix:nonNumeric id="Hidden_dei_EntityCentralIndexKey" name="dei:EntityCentralIndexKey" contextRef="duration_2023-06-09_to_2023-06-09">0001633917</ix:nonNumeric> </ix:hidden> <ix:references> <link:schemaRef xlink:type="simple" xlink:href="pypl-20230609.xsd" xlink:arcrole="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase"></link:schemaRef> </ix:references> <ix:resources> <xbrli:context id="duration_2023-06-09_to_2023-06-09"> <xbrli:entity> <xbrli:identifier scheme="http://www.sec.gov/CIK">0001633917</xbrli:identifier> </xbrli:entity> <xbrli:period> <xbrli:startDate>2023-06-09</xbrli:startDate> <xbrli:endDate>2023-06-09</xbrli:endDate> </xbrli:period> </xbrli:context> </ix:resources> </ix:header> </div> <div style="text-align:center"> <div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto"> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p> <p style="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">UNITED STATES</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">SECURITIES AND EXCHANGE COMMISSION</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Washington, D.C. 20549</p> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:9pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman;font-weight:bold;text-align:center">FORM <span style="white-space:nowrap"><ix:nonNumeric name="dei:DocumentType" contextRef="duration_2023-06-09_to_2023-06-09">8-K</ix:nonNumeric></span></p> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:9pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">CURRENT REPORT</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Pursuant to Section 13 or 15(d)</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">of the Securities Exchange Act of 1934</p> <p style="margin-top:9pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman;font-weight:bold;text-align:center">Date of Report (Date of earliest event reported): <ix:nonNumeric name="dei:DocumentPeriodEndDate" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt:datemonthdayyearen">June 9, 2023</ix:nonNumeric></p> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:9pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityRegistrantName" contextRef="duration_2023-06-09_to_2023-06-09">PayPal Holdings, Inc.</ix:nonNumeric></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Exact name of registrant as specified in its charter)</p> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"></td>
<td style="vertical-align:bottom"></td>
<td style="width:32%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:32%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><ix:nonNumeric name="dei:EntityIncorporationStateCountryCode" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:stateprovnameen">Delaware</ix:nonNumeric></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><span style="white-space:nowrap"><ix:nonNumeric name="dei:EntityFileNumber" contextRef="duration_2023-06-09_to_2023-06-09">001-36859</ix:nonNumeric></span></span></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><span style="font-weight:bold"><span style="white-space:nowrap"><ix:nonNumeric name="dei:EntityTaxIdentificationNumber" contextRef="duration_2023-06-09_to_2023-06-09">47-2989869</ix:nonNumeric></span></span></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(State or other jurisdiction</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">of incorporation)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Commission</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">File Number)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(I.R.S. Employer</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Identification No.)</p></td></tr></table> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityAddressAddressLine1" contextRef="duration_2023-06-09_to_2023-06-09">2211 North First Street</ix:nonNumeric></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:EntityAddressCityOrTown" contextRef="duration_2023-06-09_to_2023-06-09">San Jose</ix:nonNumeric>, <ix:nonNumeric name="dei:EntityAddressStateOrProvince" contextRef="duration_2023-06-09_to_2023-06-09">CA</ix:nonNumeric> <ix:nonNumeric name="dei:EntityAddressPostalZipCode" contextRef="duration_2023-06-09_to_2023-06-09">95131</ix:nonNumeric></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Address of principal executive offices)</p> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center"><ix:nonNumeric name="dei:CityAreaCode" contextRef="duration_2023-06-09_to_2023-06-09">(408)</ix:nonNumeric> <span style="white-space:nowrap"><ix:nonNumeric name="dei:LocalPhoneNumber" contextRef="duration_2023-06-09_to_2023-06-09">967-1000</ix:nonNumeric></span></p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Registrant&#8217;s telephone number, including area code)</p> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">Not Applicable</p> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">(Former name or former address, if changed since last report.)</p> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <div style="text-align:center"> <p style="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%;text-align:center;margin-left: auto;margin-right: auto">&#160;</p></div> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below if the Form <span style="white-space:nowrap">8-K</span> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</p> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:WrittenCommunications" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:SolicitingMaterial" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left">Soliciting material pursuant to Rule <span style="white-space:nowrap">14a-12</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14a-12)</span></p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:PreCommencementTenderOffer" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">14d-2(b)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.14d-2(b))</span></p></td></tr></table> <p style="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="border-collapse:collapse; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:4%;vertical-align:top"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></td>
<td style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:left"><span style="white-space:nowrap">Pre-commencement</span> communications pursuant to Rule <span style="white-space:nowrap">13e-4(c)</span> under the Exchange Act (17 CFR <span style="white-space:nowrap">240.13e-4(c))</span></p></td></tr></table> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Securities registered pursuant to Section&#160;12(b) of the Act:</p> <p style="font-size:9pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="border-collapse:collapse; font-family:Times New Roman; font-size:8pt;width:100%;border:0;margin:0 auto">
<tr>
<td style="width:34%"></td>
<td style="vertical-align:bottom"></td>
<td style="width:32%"></td>
<td style="vertical-align:bottom;width:1%"></td>
<td style="width:32%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Title of each class</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Trading<br />Symbol(s)</p></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; border-bottom:1.00pt solid #000000;vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Name of each exchange</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">on which registered</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style=" text-align: center;margin:auto; vertical-align:top"><ix:nonNumeric name="dei:Security12bTitle" contextRef="duration_2023-06-09_to_2023-06-09">Common stock, $0.0001 par value per share</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><ix:nonNumeric name="dei:TradingSymbol" contextRef="duration_2023-06-09_to_2023-06-09">PYPL</ix:nonNumeric></td>
<td style="vertical-align:bottom">&#160;</td>
<td style=" text-align: center;margin:auto; vertical-align:top"><ix:nonNumeric name="dei:SecurityExchangeName" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:exchnameen">NASDAQ Global Select Market</ix:nonNumeric></td></tr></table> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule <span style="white-space:nowrap">12b-2</span> of the Securities Exchange Act of 1934 <span style="white-space:nowrap">(&#167;240.12b-2</span> of this chapter).</p> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;text-align:right">Emerging growth company <ix:nonNumeric name="dei:EntityEmergingGrowthCompany" contextRef="duration_2023-06-09_to_2023-06-09" format="ixt-sec:boolballotbox">&#9744;</ix:nonNumeric></p> <p style="margin-top:9pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act. &#9744;</p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&#160;</p> <p style="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&#160;</p> <p style="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&#160;</p></div></div>

<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">

<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;1.01</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Entry into a Material Definitive Agreement. </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><span style="font-style:italic">Notes Offering </span></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On June 9, 2023, PayPal Holdings, Inc. (the &#8220;Company&#8221;) issued and sold &#165;90.0&#160;billion aggregate principal amount of senior notes, consisting of &#165;30.0&#160;billion aggregate principal amount of 0.813% notes due 2025 (the &#8220;2025 Notes&#8221;), &#165;23.0&#160;billion aggregate principal amount of 0.972% notes due 2026 (the &#8220;2026 Notes&#8221;) and &#165;37.0&#160;billion aggregate principal amount of 1.240% notes due 2028 (the &#8220;2028 Notes&#8221; and, together with the 2025 Notes and the 2026 Notes, the &#8220;Notes&#8221;). </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Notes are being issued pursuant to an indenture, dated as of September&#160;26, 2019 (the &#8220;Base Indenture&#8221;), between the Company and Computershare Trust Company, N.A. as successor to Wells Fargo Bank, National Association, as trustee, together with the officer&#8217;s certificate, dated June 9, 2023 (the &#8220;Officer&#8217;s Certificate&#8221; and, together with the Base Indenture, the &#8220;Indenture&#8221;), issued pursuant to the Indenture establishing the terms of each series of Notes. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Notes are being issued pursuant to the Company&#8217;s Registration Statement on Form <span style="white-space:nowrap">S-3</span> filed with the Securities and Exchange Commission on August&#160;3, 2022 (Registration Statement <span style="white-space:nowrap">No.&#160;333-266474)</span> (the &#8220;Registration Statement&#8221;). </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The 2025 Notes will mature on June 9, 2025, the 2026 Notes will mature on June 9, 2026 and the 2028 Notes will mature on June 9, 2028, unless earlier redeemed or repurchased. Interest on the Notes is payable on June&#160;9 and December&#160;9 of each year, beginning on December&#160;9, 2023. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company may redeem each series of the Notes for cash in whole but not in part, at any time prior to maturity, at redemption prices that include accrued and unpaid interest, if certain events occur involving changes in United States taxation. The Indenture includes covenants (1)&#160;limiting the Company&#8217;s and its restricted subsidiaries&#8217; ability to create liens on certain properties and capital stock and indebtedness of these restricted subsidiaries and enter into sale and leaseback transactions with respect to certain properties and (2)&#160;limiting the Company&#8217;s ability to consolidate, merge or sell all or substantially all of its assets, in each case subject to a number of important exceptions as specified in the Indenture. The Indenture also contains customary event of default provisions. In the event of the occurrence of both (1)&#160;a change of control of the Company and (2)&#160;a downgrade of a series of Notes below an investment grade rating by each of Fitch Inc., Standard&#160;&amp; Poor&#8217;s Ratings Services and Moody&#8217;s Investors Service, Inc. within a specified period, the Company will be required to offer to repurchase any outstanding Notes of that series at a price in cash equal to 101% of the then outstanding principal amount of such series of Notes, plus accrued and unpaid interest, if any, to, but not including, the date of such repurchase. The Notes are the Company&#8217;s unsecured senior obligations and rank equally in right of payment with all of the Company&#8217;s existing and future unsecured and unsubordinated indebtedness. The Notes will be structurally subordinated to the liabilities of our subsidiaries and will be effectively subordinated to any secured indebtedness to the extent of the value of the assets securing such indebtedness. </p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The above description of the Indenture and the Notes does not purport to be complete and is qualified in its entirety by reference to the Indenture and the Officer&#8217;s Certificate (including the forms of Notes included therein), attached as Exhibits 4.1, 4.2, 4.3, 4.4 and 4.5, and incorporated herein by reference. </p> <p style="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;border:0;width:100%" cellpadding="0" cellspacing="0">
<tr style="page-break-inside:avoid">
<td style="width:11%;vertical-align:top" align="left"><span style="font-weight:bold">Item&#160;9.01</span></td>
<td align="left" style="vertical-align:top"> <p style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:left">Financial Statements and Exhibits </p></td></tr></table> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#160;&#160;&#160;&#160;(d)&#160;&#160;&#160;&#160;Exhibits </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0;margin:0 auto">


<tr>

<td></td>

<td style="vertical-align:bottom;width:5%"></td>
<td style="width:92%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<td style="vertical-align:bottom" align="center"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Exhibit</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman;font-weight:bold;text-align:center">Number</p></td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><span style="font-weight:bold">Exhibit Title or Description</span></td></tr>


<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">4.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="http://www.sec.gov/Archives/edgar/data/1633917/000119312519255466/d810419dex41.htm">Indenture, dated as of September&#160;26, 2019, between the Company and Computershare Trust Company, N.A. as successor to Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit&#160;4.1 to PayPal Holdings, Inc.&#8217;s Form <span style="white-space:nowrap">8-K,</span> as filed with the SEC on September&#160;26, 2019) </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">4.2</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d495603dex42.htm">Officer&#8217;s Certificate pursuant to the Indenture, dated as of June 9, 2023 </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">4.3</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d495603dex42.htm">Form of Note for 0.813% Notes due 2025 (included as part of Exhibit&#160;4.2 hereto) </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">4.4</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d495603dex42.htm">Form of Note for 0.972% Notes due 2026 (included as part of Exhibit&#160;4.2 hereto) </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">4.5</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d495603dex42.htm">Form of Note for 1.240% Notes due 2028 (included as part of Exhibit&#160;4.2 hereto) </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">5.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d495603dex51.htm">Opinion of Skadden, Arps, Slate, Meagher&#160;&amp; Flom LLP </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">23.1</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top"><a href="d495603dex51.htm">Consent of Skadden, Arps, Slate, Meagher&#160;&amp; Flom LLP (included as part of Exhibit&#160;5.1 hereto) </a></td></tr>
<tr style="font-size:1pt">
<td style="height:6pt"></td>
<td style="height:6pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:top;white-space:nowrap">104</td>
<td style="vertical-align:bottom">&#160;&#160;</td>
<td style="vertical-align:top">Cover Page Interactive Data File (embedded within the Inline XBRL document)</td></tr>
</table> <p style="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&#160;</p>
</div></div>



<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<hr style="color:#999999;height:3px;width:100%" />

<div style="text-align:center"><div style="width:8.5in;text-align:left;margin-left: auto;margin-right: auto">
 <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold;text-align:center">SIGNATURE(S) </p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </p> <p style="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&#160;</p>
<table cellspacing="0" cellpadding="0" style="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt;width:100%;border:0">


<tr>

<td style="width:45%"></td>

<td style="vertical-align:bottom;width:1%"></td>
<td style="width:4%"></td>

<td style="vertical-align:bottom"></td>
<td style="width:3%"></td>

<td style="vertical-align:bottom;width:1%"></td>
<td style="width:45%"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom" colspan="3"> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman;font-weight:bold">PayPal Holdings, Inc.</p> <p style="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">(Registrant)</p></td></tr>


<tr style="font-size:1pt">
<td style="height:12pt" colspan="3"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom" colspan="3">Date: June 9, 2023.</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"></td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top"></td></tr>
<tr style="font-size:1pt">
<td style="height:12pt"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td>
<td style="height:12pt" colspan="2"></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top">By:</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom"> <p style="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Brian Y. Yamasaki</p></td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top">Name: Brian Y. Yamasaki</td></tr>
<tr style="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:bottom">&#160;</td>
<td style="vertical-align:top">Title: Vice President, Corporate Legal and Secretary</td></tr>
</table>
</div></div>

</body></html>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.2
<SEQUENCE>2
<FILENAME>d495603dex42.htm
<DESCRIPTION>EX-4.2
<TEXT>
<HTML><HEAD>
<TITLE>EX-4.2</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 4.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PayPal Holdings, Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>OFFICER&#146;S CERTIFICATE </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>June&nbsp;9, 2023 </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The undersigned, PayPal Holdings, Inc., a Delaware corporation (the &#147;Company&#148;), hereby certifies through Gabrielle Rabinovitch, its
Acting Chief Financial Officer and Senior Vice President, Investor Relations and Treasurer, pursuant to Sections 2.1, 2.3 and 11.5 of the Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), by and between the Company, as
Issuer, and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee, as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">1. The
form and terms of the 0.813% Notes due 2025 (the &#147;2025 Notes&#148;) are set forth on <U>Annex A</U> attached hereto, the form and terms of the 0.972% Notes due 2026 (the &#147;2026 Notes&#148;) are set forth on <U>Annex B</U> attached hereto,
and the form and terms of the 1.240% Notes due 2028 (the &#147;2028 Notes&#148; and, together with the 2025 Notes and the 2026 Notes, the &#147;Notes&#148;) are set forth on <U>Annex C</U> attached hereto. The form and terms of the 2025 Notes, the
2026 Notes and the 2028 Notes have been established pursuant to Sections 2.1 and 2.3 of the Indenture and comply with the Indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">2.
The undersigned has read the Indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">3. The statements made in this certificate are based upon an examination of the Notes to be
governed by the Indenture, upon an examination of and familiarity with the Indenture, upon the undersigned&#146;s general knowledge of and familiarity with the operations of the Company and upon the performance of the undersigned&#146;s duties as an
officer of the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">4. In the opinion of the undersigned, she has made such examination or investigation as is necessary to enable
her to express an informed opinion as to whether or not the conditions precedent provided for in the Indenture relating to the issuance and authentication of each series of Notes have been complied with. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">5. In the opinion of the undersigned, with respect to the foregoing, the conditions precedent provided for in the Indenture relating to the
issuance and authentication of each series of Notes have been complied with. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">6. This certificate (and to any document executed under the
Indenture) shall be valid, binding, and enforceable against a party only when executed and delivered by an authorized individual on behalf of the party by means of (i)&nbsp;any electronic signature permitted by the federal Electronic Signatures in
Global and National Commerce Act (e.g., www.docusign.com), state enactments of the Uniform Electronic Transactions Act, and/or any other relevant electronic signatures law, including relevant provisions of the Uniform Commercial Code (collectively,
&#147;Signature Law&#148;); (ii) an original manual signature; or (iii)&nbsp;a faxed, scanned or photocopied manual signature. Each electronic signature or faxed, scanned or photocopied manual signature shall for all purposes have the same validity,
legal effect and admissibility in evidence as an original manual signature. Each party hereto 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 party and shall have no duty to investigate, confirm or otherwise verify the validity or authenticity thereof. This 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 avoidance of doubt, original manual signatures shall be used for execution or indorsement of writings when required under any Signature Law due to the
character or intended character of the writings. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as defined herein, capitalized terms used herein have the meanings assigned to them
in the Indenture. </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the undersigned has caused this certificate to be executed by its duly
authorized officer as of the date first written above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="79%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="5"><FONT STYLE="font-size:10pt"><B>PAYPAL HOLDINGS, INC.</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ Gabrielle Rabinovitch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Gabrielle Rabinovitch</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Acting Chief Financial Officer</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">and Senior
Vice President,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Investor Relations and</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Treasurer</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to Officer&#146;s Certificate under the Indenture</I>] </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>ANNEX A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Pursuant to Section&nbsp;2.3 of the Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), between PayPal Holdings, Inc.,
a Delaware corporation (the &#147;Issuer&#148;), and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the &#147;Trustee&#148;), the terms of a series of Securities to be issued pursuant to the
Indenture are as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Designation</U>. The designation of the securities is &#147;0.813% Notes due 2025&#148; (the &#147;2025
Notes&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Initial Aggregate Principal Amount</U>. The 2025 Notes shall be limited in initial aggregate principal
amount to &yen;30,000,000,000 (except for 2025 Notes authenticated and delivered upon registration of transfer or exchange in accordance with the Indenture or this <U>Annex A</U> (this &#147;Annex&#148;)). </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Currency Denomination</U>. The 2025 Notes shall be denominated in yen. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Maturity</U>. The date on which the principal of the 2025 Notes is payable is June&nbsp;9, 2025.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Rate of Interest; Interest Payment Date; Regular Record Dates</U>. Each 2025 Note shall bear interest from
June&nbsp;9, 2023 at 0.813% per annum until the principal thereof is paid. Such interest shall be payable semi-annually in arrears on June&nbsp;9 and December&nbsp;9 of each year, commencing on December&nbsp;9, 2023, to the Persons in whose names
the 2025 Notes are registered at the close of business on the immediately preceding May&nbsp;25 and November&nbsp;25, respectively (whether or not such record date is a Business Day). Interest on the 2025 Notes shall accrue from the most recent date
to which interest has been paid or, if no interest has been paid, from June&nbsp;9, 2023. Interest on the 2025 Notes shall be computed on the basis of a <FONT STYLE="white-space:nowrap">360-day</FONT> year composed of twelve <FONT
STYLE="white-space:nowrap">30-day</FONT> months. In the event that any date on which principal, premium, if any, or interest is payable on the 2025 Notes is not a Business Day, then payment of the principal, premium, if any, or interest payable on
such date will be made on the next succeeding day that is a Business Day (and no additional interest shall accrue as a result of such delay in payment). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Place of Payment</U>. Principal of, premium, if any, and interest on the 2025 Notes shall be payable by wire
transfer to the account of the Depositary or its nominee, in accordance with the Applicable Procedures. In order to provide for all payments due on the 2025 Notes as the same shall become due, the Issuer shall cause to be paid to the paying agent,
no later than 10:00 a.m. London time one Business Day prior to such payment date, at such bank as the paying agent shall previously have notified to the Issuer, in immediately available funds sufficient to meet all payments due on the 2025 Notes.
The first paragraph of Section&nbsp;3.2 of the Indenture is not applicable for the 2025 Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Redemption for Tax Reasons</U>. If, as a result of any change in, or amendment to, the laws (or any
regulations or rulings promulgated under the laws) of the United States (or any political subdivision of or taxing authority in the United States), or any change in, or amendment to, an official position regarding the application or interpretation
of such laws, regulations or rulings (including a holding by a court </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
of competent jurisdiction in the United States), which change or amendment is announced or becomes effective on or after June&nbsp;2, 2023, the Issuer becomes or, based upon a written opinion of
independent counsel selected by the Issuer, there is a substantial probability that the Issuer will become, obligated to pay Additional Amounts (as described in Section&nbsp;16 below), with respect to the 2025 Notes, then the Issuer may at any time
at its option redeem the 2025 Notes, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the 2025 Notes being redeemed to, but excluding, the date fixed for
redemption. The Issuer must give the Holders of the 2025 Notes notice of any redemption of the 2025 Notes not less than 10 days nor more than 60 days before the date fixed for redemption. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Change of Control Repurchase Event</U>. If a Change of Control Repurchase Event occurs, unless the Issuer
has previously exercised its right to redeem the 2025 Notes in whole as described in Section&nbsp;7 above, the Issuer will be required to make an offer to each Holder of 2025 Notes to repurchase all or any part (in minimum denominations of
&yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof) of such Holder&#146;s 2025 Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of 2025 Notes repurchased plus any accrued and unpaid
interest, if any, on the 2025 Notes repurchased to, but not including, the date of such repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Issuer&#146;s option, prior to any Change of Control, but after the public
announcement of an impending Change of Control, the Issuer will send a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and
offering to repurchase 2025 Notes on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is sent (the &#147;Change of Control Payment Date&#148;). The notice shall,
if sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Issuer will comply with the requirements of Rule <FONT STYLE="white-space:nowrap">14e-1</FONT> 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 2025 Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any
securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the 2025 Notes, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations
under the Change of Control Repurchase Event provisions of the 2025 Notes by virtue of such conflict. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">On the Change of Control Payment
Date, the Issuer will be required, to the extent lawful, to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">accept for payment all 2025 Notes or portions of 2025 Notes (in minimum denominations of &yen;100,000,000 and
integral multiples of &yen;10,000,000 in excess thereof) properly tendered pursuant to the Issuer&#146;s offer; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposit with the paying agent, no later than 11:00 a.m., London time one Business Day prior to such payment
date, an amount equal to the aggregate purchase price in respect of all 2025 Notes or portions of 2025 Notes properly tendered; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deliver or cause to be delivered to the Trustee for cancellation the 2025 Notes properly accepted, together
with an Officer&#146;s Certificate stating the aggregate principal amount of 2025 Notes being repurchased by the Issuer. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The paying agent will promptly mail (or, in the case of 2025 Notes held in book-entry form, transmit electronically) to each Holder of 2025
Notes properly tendered the repurchase price for such 2025 Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new 2025 Note equal in principal amount to any unrepurchased portion of
any 2025 Notes surrendered; <I>provided</I>, that each new 2025 Note will be in minimum denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Issuer will not be required to make an offer to repurchase the 2025 Notes upon a Change of Control Repurchase 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 Issuer pursuant to this Section&nbsp;8 and the third party repurchases all 2025 Notes properly tendered and not withdrawn under its
offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer pursuant to this Section&nbsp;8. In addition, the Issuer will not be required to, and the Issuer will not, make an offer to
repurchase any 2025 Notes upon a Change of Control Repurchase Event if there has occurred and is continuing on the Change of Control Payment Date an Event of Default with respect to the 2025 Notes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">If Holders of not less than 90% in aggregate principal amount of the 2025 Notes then outstanding validly tender and do not withdraw such 2025
Notes in an offer to repurchase the 2025 Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making such an offer in lieu of the Issuer as described above, purchases all of such 2025 Notes properly tendered and not
withdrawn by such Holders, the Issuer or such third party will have the right, upon not less than 10 days&#146; nor more than 60 days&#146; prior notice (provided, that such notice is given not more than 60 days following such repurchase pursuant to
the offer to repurchase the notes upon a Change of Control Repurchase Event described above) to redeem all 2025 Notes that remain outstanding following such purchase on a date specified in such notice (the &#147;Second Change of Control Payment
Date&#148;) and at a price in cash equal to 101% of the aggregate principal amount of the 2025 Notes repurchased plus accrued and unpaid interest, if any, on the 2025 Notes repurchased to, but excluding, the Second Change of Control Payment Date.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Below Investment Grade Rating Event&#148; means the 2025 Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period following
public notice of the occurrence of the Change of Control (which <FONT STYLE="white-space:nowrap">60-day</FONT> period shall be extended so long as the rating of the 2025 Notes is under publicly announced consideration for possible downgrade by any
of the Rating Agencies). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control&#148; means the occurrence of any of the following: (1)&nbsp;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 Issuer and its Subsidiaries, taken as a whole,
to any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than the Issuer or one of its Subsidiaries; (2)&nbsp;the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares or voting power of
the Issuer&#146;s Voting Equity Interests; (3)&nbsp;the adoption of a plan by the Issuer&#146;s board of directors relating to the Issuer&#146;s liquidation or dissolution; or (4)&nbsp;the Issuer consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the Issuer&#146;s outstanding Voting Equity Interests or the outstanding Voting Equity Interests 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 Issuer&#146;s Voting Equity Interests outstanding immediately prior to such transaction constitute, or are
converted into or exchanged for, a majority of the Voting Equity Interests of the surviving Person or parent entity thereof immediately after giving effect to such transaction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, a transaction will not be deemed to result in a Change of Control if (a)&nbsp;the Issuer becomes a wholly-owned
Subsidiary of another Person and (b)&nbsp;immediately following that transaction, a majority of Voting Equity Interests of such Person is held by the direct or indirect holders of the Issuer&#146;s Voting Equity Interests immediately prior to such
transaction and in substantially the same proportions as immediately prior to such transaction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control Repurchase
Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Fitch&#148; means Fitch
Inc., a subsidiary of Fimalac, S.A. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Investment Grade Rating&#148; means a rating equal to or higher than <FONT
STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by Fitch, <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by S&amp;P and Baa3 (or the equivalent) by Moody&#146;s. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc., a subsidiary of Moody&#146;s Corporation, and its successors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Rating Agencies&#148; means (1)&nbsp;each of Fitch, S&amp;P and Moody&#146;s; and (2)&nbsp;if any of Fitch, S&amp;P or Moody&#146;s
ceases to rate the 2025 Notes or fails to make a rating of the 2025 Notes publicly available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of
Section&nbsp;3(a)(62) under the Exchange Act, selected by the Issuer as a replacement agency for Fitch, S&amp;P or Moody&#146;s, or some or all of them, as the case may be. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of
The McGraw- Hill Companies, Inc. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Mandatory Redemption</U>. Other than with respect to a Change of Control Repurchase Event as described
above, the 2025 Notes are not mandatorily redeemable. The 2025 Notes are not entitled to the benefit of a sinking fund or any analogous provisions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Denominations</U>. The 2025 Notes shall be issued initially in minimum denominations of &yen;100,000,000 and
integral multiples of &yen;10,000,000 in excess thereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Amount Payable Upon Acceleration</U>. The principal of the 2025 Notes shall be payable upon declaration of
acceleration pursuant to Section&nbsp;5.1 of the Indenture. The 2025 Notes shall not be Original Issue Discount Securities within the meaning of the Indenture. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency</U>. Principal and interest on the 2025 Notes, including payments made upon any redemption
of the 2025 Notes, shall be payable in yen, except as noted in Section&nbsp;13 below. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency &#150; Election</U>.&nbsp;If yen is unavailable to the Issuer due to the imposition of
exchange controls or other circumstances beyond the Issuer&#146;s control, then all payments in respect of the Notes will be made in U.S. dollars until the yen is again available to the Issuer or so used.</P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency &#150; Index</U>. The amount payable on any date in yen will be converted into U.S. dollars
at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of
the then most recent U.S. dollar/yen exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate
will be determined by the Issuer in its sole discretion on the basis of the most recently available market exchange rate for yen.&nbsp;Any payment in respect of the Notes so made in U.S. dollars will not constitute an event of default under the
Notes or the Indenture.&nbsp;Neither the Trustee nor the paying agent will have any responsibility for any calculation or conversion in connection with the foregoing. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registered Securities</U>. The 2025 Notes shall be issued only as Registered Securities. The 2025 Notes
shall initially be issuable as Registered Global Securities and registered in the name of the nominee of the common depositary for the accounts of Euroclear Bank S.A./N.V. and Clearstream Banking, soci&eacute;t&eacute; anonyme, subject to
Section&nbsp;2.8 of the Indenture. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Additional Amounts</U>. (a)&nbsp;All payments of principal and interest in respect of the 2025 Notes will be
made free and clear of, and without deduction or withholding for or on account of any present or future taxes, duties, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any
political subdivision or taxing authority of or in the United States (collectively, &#147;Taxes&#148;), unless such withholding or deduction is required by law or the official interpretation or administration thereof. (b)&nbsp;In the event any
withholding or deduction on payments in respect of the 2025 Notes for or on account of any present or future tax, assessment or other governmental charge is required to be deducted or withheld by the United States or any political subdivision or
taxing authority thereof or therein, the Issuer will pay such additional amounts (the &#147;Additional Amounts&#148;) on the 2025 Notes as will result in receipt by each beneficial owner of such note that is not a U.S. Person (as defined below) of
such amounts (after all such withholding or deduction, including on any Additional Amounts) as would have been received by such beneficial owner had no such withholding or deduction been required. (c)&nbsp;The Issuer will not be required, however,
to make any payment of Additional Amounts for or on account of: (i)&nbsp;any tax, assessment or other governmental charge that would not have been imposed but for (1)&nbsp;the existence of any present or former connection (other than a connection
arising solely from the ownership of those 2025 Notes or the receipt of payments in respect of those 2025 Notes) between a Holder of a 2025 Note (or the beneficial owner for whose benefit such Holder holds such 2025 Note), or between a fiduciary,
settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner (if that Holder or beneficial owner is an estate, trust, partnership or corporation) and the United States, including that Holder or
beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the United States or being or having been engaged in trade or business or present in
the United States or having had a permanent establishment in the United States or (2)&nbsp;the presentation of a 2025 Note for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date
on which payment is duly provided for; (ii)&nbsp;any estate, inheritance, gift, sales, transfer, capital gains, excise, personal property, wealth or similar tax, assessment or other governmental charge; (iii)&nbsp;any tax, assessment or other
governmental charge imposed by reason of the beneficial owner&#146;s past or present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to
the United States or as a corporation that accumulates earnings to avoid U.S. federal income tax; (iv)&nbsp;any tax, assessment or other governmental charge which is payable by any method other than withholding or deducting from payment of principal
of or premium, if any, or interest on such 2025 Notes; (v)&nbsp;any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of and premium, if any, or interest on any 2025 Note if that
payment can be made without withholding by any other paying agent; (vi)&nbsp;any tax, assessment or other governmental charge which would not have been imposed but for the failure of a beneficial owner or any Holder of 2025 Notes to comply with the
Issuer&#146;s request or a request of the Issuer&#146;s agent to satisfy certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">
the United States of the beneficial owner or any Holder of the 2025 Notes that such beneficial owner or Holder is legally able to deliver (including, but not limited to, the requirement to
provide an applicable Internal Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax
treaty); (vii) any tax, assessment or other governmental charge imposed on interest received by (1)&nbsp;a <FONT STYLE="white-space:nowrap">10-percent</FONT> shareholder (as defined in Section&nbsp;871(h)(3)(B) of the U.S. Internal Revenue Code of
1986, as amended (the &#147;Code&#148;), and the U.S. Treasury regulations that may be promulgated thereunder) of the Issuer&#146;s, (2)&nbsp;a controlled foreign corporation that is related to the Issuer within the meaning of Section&nbsp;864(d)(4)
of the Code or (3)&nbsp;a bank receiving interest described in Section&nbsp;881(c)(3)(A) of the Code, to the extent such tax, assessment or other governmental charge would not have been imposed but for the beneficial owner&#146;s status as described
in clauses (1)&nbsp;through (3) of this paragraph (vii); (viii) any tax, assessment or other governmental charge required to be withheld or deducted under Sections 1471 through 1474 of the Code (or any amended or successor version of such Sections)
(&#147;FATCA&#148;), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or any law, regulation or other official guidance enacted in any jurisdiction
implementing FATCA or an intergovernmental agreement in respect of FATCA; or (ix)&nbsp;any combination of items (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii); nor will the Issuer pay any Additional Amounts to any beneficial owner or Holder of
2025 Notes who is a fiduciary or partnership (including any entity treated as a partnership for U.S. federal income tax purposes) to the extent that a beneficiary or settlor with respect to that fiduciary or a member of that partnership or a
beneficial owner thereof would not have been entitled to the payment of those Additional Amounts had that beneficiary, settlor, member or beneficial owner been the beneficial owner of those notes. (d)&nbsp;As used in the preceding paragraph,
&#147;U.S. Person&#148; means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state
of the United States or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable U.S. Treasury regulations), or any estate or trust the income of which is subject to United States federal
income taxation regardless of its source. (e)&nbsp;Any reference in the terms of the 2025 Notes to any amounts in respect of the 2025 Notes shall be deemed also to refer to any Additional Amounts which may be payable under this provision. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Definitive Certificates</U>. Section&nbsp;2.8 of the Indenture will govern the transferability of the 2025
Notes in definitive form. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registrar; Paying Agent; Depositary</U>. Elavon Financial Services DAC will serve as the Registrar and
Transfer Agent and Elavon Financial Services DAC, UK Branch will serve as Paying Agent for the 2025 Notes. Elavon Financial Services DAC will initially serve as the Depositary for the 2025 Notes. Notwithstanding the foregoing, upon notice to the
Trustee, the Issuer may change the paying agent, registrar or transfer agent. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Events of Default.</U> In addition to the Events of Default set forth in Section&nbsp;5.1 of the Indenture,
the failure by the Issuer to repurchase 2025 Notes tendered for repurchase following the occurrence of a Change of Control Repurchase Event in conformity with the covenant set forth in Section&nbsp;8 hereof is an Event of Default with respect to the
2025 Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Covenants</U>. There shall be the following additions to the covenants of the Issuer set forth in Article
III of the Indenture with respect to the 2025 Notes: </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Limitation on Liens</I>. The Issuer covenants that, so long as any of the 2025
Notes remain outstanding, it shall not, nor shall it permit any of its Restricted Subsidiaries to, create or assume any mortgage, pledge, security interest, lien, charge or encumbrance of any kind (each, a &#147;Lien&#148;) on (a)&nbsp;any Principal
Property or (b)&nbsp;any capital stock or Indebtedness of any of the Issuer&#146;s Restricted Subsidiaries (together, &#147;Property&#148;), in each case whether now owned or hereafter acquired, in order to secure any Indebtedness, without
effectively providing that the 2025 Notes shall be secured by a Lien ranking equal to and ratably with (or, at the Issuer&#146;s option, senior to) such secured Indebtedness until such time as such Indebtedness is no longer secured by such Lien,
except that the foregoing restriction shall not apply to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens existing on the date of the initial issuance of the 2025 Notes (other than any additional 2025 Notes) or
that the Issuer or any of its Restricted Subsidiaries have agreed to pursuant to the terms of agreements existing on the date of the initial issuance of the 2025 Notes (other than any additional 2025 Notes); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens created or incurred after the date of the initial issuance of the 2025 Notes (other than any additional
2025 Notes) created in favor of the holders of the 2025 Notes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens in favor of the Issuer or one of its Subsidiaries; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">(i) Liens given to secure (or to secure Indebtedness incurred or guaranteed by the Issuer or any of its
Restricted Subsidiaries for the purpose of financing) the payment of all or any portion of the purchase price for the acquisition (including acquisition through merger or consolidation or the acquisition of a Person directly or indirectly owning
such property) of any Property, including capital lease or purchase money transactions in connection with any such acquisition, or all or any portion of the cost of refurbishment, improvement, expansion, renovation, development or construction of
any Property; <I>provided </I>that with respect to this clause (i), the Liens shall be given prior to, at the time of or within 12 months after such acquisition, or completion of such refurbishment, improvement, expansion, renovation, development or
construction, or the full operation of such Property, whichever is latest, and shall attach solely to such Property (including any refurbishments, improvements, expansions, renovations, development or construction thereof or then or thereafter
placed thereon) and any proceeds thereof; and (ii)&nbsp;Liens existing on all or any portion of any Property at the time of acquisition thereof (including acquisition through merger or consolidation or the acquisition of a Person then directly or
indirectly owning such property) whether or not such existing Liens were given to secure (or to secure Indebtedness incurred or guaranteed by the Issuer or any of its Restricted Subsidiaries for the purpose of financing) the payment of the purchase
price of such Property; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens on any Property in favor of the United States of America or any state thereof, or in favor of any other
country, or any political subdivision, department, agency or instrumentality thereof to secure progress or other payments pursuant to any contract or statute or to secure Indebtedness incurred or guaranteed for the purpose of financing all or any
portion of the cost of acquiring, refurbishing, improving, expanding, renovating, developing or constructing such Property, including Liens incurred in connection with pollution control, industrial revenue or similar financing;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">statutory or legislative Liens or other similar Liens (including pledges, deposits, carriers&#146;,
warehousemen&#146;s, mechanics&#146;, materialmen&#146;s, repairmen&#146;s and other like Liens imposed by law) arising in the ordinary course of the Issuer or any of its Restricted Subsidiaries&#146; business, or Liens arising out of government
contracts; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens in connection with legal proceedings, including Liens arising out of judgments or awards, in each case so
long as such Lien is adequately bonded and any appropriate legal proceedings that may have been initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be
initiated shall not have expired; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens for taxes or assessments, landlord&#146;s Liens and Liens and charges, in each case (i)&nbsp;not yet due
or payable or subject to penalties for <FONT STYLE="white-space:nowrap">non-payment</FONT> or which the Issuer is contesting in good faith by appropriate proceedings and (ii)&nbsp;incidental to the conduct of the business or the ownership of the
Issuer&#146;s assets or those of a Restricted Subsidiary; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens incurred in connection with an acquisition of assets or a project financed on a <FONT
STYLE="white-space:nowrap">non-</FONT> recourse basis; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">easements, zoning restrictions,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way</FONT></FONT> and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially detract from the value of the affected property or interfere with the ordinary conduct of the Issuer&#146;s business; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens securing obligations arising under or related to (a)&nbsp;the transfer of cash or other property with
respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient
or funds transmitter in the ordinary course of its business (each such transaction, a &#147;Settlement&#148;) and (b)&nbsp;any payment or reimbursement obligation in respect of the transfer, or contractual undertaking (including by automated
clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement (including, for the avoidance of doubt, any agreement with a bank or financial institution providing for short term financing for the purpose of
funding any Settlement); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(m)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens securing securitized indebtedness and receivables factoring, discounting, facilities or securitizations;
and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(n)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any extensions, renewals or replacements of any Lien referred to in clauses (a)&nbsp;through (m) without
increase of the principal of the Indebtedness secured by such Lien (except to the extent of any fees or other costs associated with any such extension, renewal or replacement); <I>provided</I>, <I>however</I>, that any Liens permitted by any of
clauses (a)&nbsp;through (m) shall not extend to or cover any of the Issuer&#146;s property or the property of any of its Subsidiaries, as the case may be, other than the property specified in such clauses and improvements to such property.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the Issuer or any of its Restricted Subsidiaries may, without equally and ratably
securing the 2025 Notes, create or incur Liens which would otherwise be subject to the restrictions set forth in the preceding paragraph, if after giving effect thereto and to the retirement of any Indebtedness that is being retired substantially
concurrently, Aggregate Debt does not exceed the greater of (1) 20% of the Issuer&#146;s Consolidated Net Tangible Assets on a consolidated basis calculated as of the date of the creation or incurrence of the Lien and (2) $3.5&nbsp;billion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Limitation on Sale and Leaseback Transactions</I>. The Issuer covenants that, so long as any of the 2025 Notes remain outstanding, it shall not, nor shall
it permit any of its Restricted Subsidiaries to, enter into any arrangement with any Person providing for the leasing by the Issuer or any of its Restricted Subsidiaries of any Principal Property, whether now owned or hereafter acquired, that has
been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to such Person with the intention of taking back a lease of such Principal Property, a &#147;sale and leaseback transaction,&#148; unless: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction was entered into prior to the date of the initial issuance of the 2025 Notes (other than any
additional 2025 Notes) or any extension, renewal, refinancing, replacement, amendment or modification of such transaction so long as the affected Principal Property is substantially the same as or similar in nature to the Principal Property subject
to the sale and leaseback transaction extended, renewed, refinanced, replaced, amended or modified; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction was for the sale and leasing back to the Issuer or any of its wholly- owned Subsidiaries of
any Principal Property by one of the Issuer&#146;s Restricted Subsidiaries; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction involves a lease for not more than three years (or which may be terminated by the Issuer or
its Restricted Subsidiaries within a period of not more than three years); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Issuer would be entitled to incur Indebtedness secured by a Lien with respect to such sale and leaseback
transaction without equally and ratably securing the 2025 Notes pursuant to the first paragraph of the &#147;&#151;Limitation on Liens&#148; covenant described above; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Issuer or any of its Restricted Subsidiaries applies an amount equal to the net proceeds from the sale of
such Principal Property to the purchase of other property or assets used or useful in its business (including the purchase or development of other Principal Property) or to the retirement of Indebtedness that is pari passu with the 2025 Notes
(including the 2025 Notes) within 365 days before or after the effective date of any such sale and leaseback transaction, provided that, in lieu of applying such amount to the retirement of pari passu Indebtedness, the Issuer may deliver 2025 Notes
to the Trustee for cancellation, such 2025 Notes to be credited at the cost thereof. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the restrictions set forth in the preceding paragraph, the Issuer or any of
its Restricted Subsidiaries may enter into any sale and leaseback transaction which would otherwise be subject to the foregoing restrictions, if after giving effect thereto Aggregate Debt does not exceed the greater of (1) 20% of the Issuer&#146;s
Consolidated Net Tangible Assets on a consolidated basis calculated as of the relevant date of determination and (2) $3.5&nbsp;billion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Aggregate Debt&#148; means the sum of the following, as of the date of determination: (1)&nbsp;the aggregate principal amount of the
Issuer&#146;s and its Restricted Subsidiaries&#146; Indebtedness incurred after the date of initial issuance of the 2025 Notes and secured by Liens not permitted by the first paragraph under &#147;&#151;Limitation on Liens&#148; above and
(2)&nbsp;the Issuer&#146;s and its Restricted Subsidiaries&#146; Attributable Debt in respect of sale and leaseback transactions entered into after the date of the initial issuance of the 2025 Notes pursuant to the second paragraph of
&#147;&#151;Limitation on Sale and Leaseback Transactions&#148; above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Attributable Debt&#148; means, with respect to any sale and
leaseback transaction, at the time of determination, the lesser of (1)&nbsp;the fair market value of such Principal Property as determined in good faith by the Issuer&#146;s board of directors, and (2)&nbsp;the total obligation (discounted to the
present value at the implicit interest factor, determined in accordance with GAAP, included in the rental payments) of the lessee for rental payments (other than amounts required to be paid on account of property taxes as well as maintenance,
repairs, insurance, water rates and other items which do not constitute payments for property rights) during the remaining portion of the base term of the lease included in such transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Consolidated Net Tangible Assets&#148; means, as of any date of determination, the aggregate amount of assets after deducting therefrom:
(1)&nbsp;all current liabilities, except for notes and loans payable, current maturities of long-term debt, current portion of convertible securities, current portion of deferred revenue and obligations under capital leases; and (2)&nbsp;intangible
assets to the extent included in the aggregate amount of assets, net of applicable reserves and any amortized amounts, all as reflected on the Issuer&#146;s most recent consolidated balance sheet prepared in accordance with GAAP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;GAAP&#148; means accounting principles generally accepted in the United States of America, which are in effect as of the date of
application thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Indebtedness&#148; of any specified Person means, without duplication, indebtedness of such Person for
borrowed money (including, without limitation, indebtedness for borrowed money evidenced by notes, bonds, debentures or similar instruments). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Principal Property&#148; means any single parcel of real property or any permanent improvement thereon (1)&nbsp;owned by the Issuer or
any of its Restricted Subsidiaries located in the United States, including the Issuer&#146;s principal corporate office, any other offices or data centers or any portion thereof and (2)&nbsp;having a book value, as of the date of determination, in
excess of 3% of the Issuer&#146;s Consolidated Net Tangible Assets. Principal Property does not include any property that the Issuer&#146;s board of directors has determined not to be of material importance to the business conducted by the
Issuer&#146;s Subsidiaries and the Issuer, taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Restricted Subsidiary&#148; means any subsidiary of the Issuer that
constitutes a &#147;significant subsidiary&#148; (as such term is defined in Regulation <FONT STYLE="white-space:nowrap">S-X,</FONT> promulgated pursuant to the Securities Act), excluding (a)&nbsp;any subsidiary which is not organized under the laws
of any state of the United States of America, (b)&nbsp;any subsidiary which conducts the major portion of its business outside the United States of America and (c)&nbsp;any subsidiary of any of the foregoing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">21.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Conversion and Exchange</U>. The 2025 Notes shall not be convertible into or exchangeable for any other
security. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">22.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Additional Issues</U>. The Issuer may, without notice to or the consent of the Holders of the 2025 Notes,
create and issue additional 2025 Notes with the same terms as the 2025 Notes issued on June&nbsp;9, 2023 (the &#147;Initial 2025 Notes&#148;), except for the issue date, the offering price and, under certain circumstances, the first interest payment
date. Such additional 2025 Notes shall be consolidated and form a single series with the Initial 2025 Notes; <I>provided </I>that if such additional 2025 Notes are not fungible with the Initial 2025 Notes for U.S. federal income tax purposes, such
additional 2025 Notes will have one or more separate Common Code/ISIN numbers. No additional 2025 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2025 Notes. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">23.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Definitions</U>. Capitalized terms used but not otherwise defined in this Annex shall have the respective
meanings ascribed to such terms in the Indenture. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">As used herein, the following term has the specified meaning: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Business Day&#148; means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in the Borough of
Manhattan, The City of New York, London or Tokyo are authorized or required by law, regulation or executive order to close and that is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET
system), or any successor or replacement for that system, operates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;yen&#148; and &#147;&yen;&#148; means the lawful currency of
Japan. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">24.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Other Terms</U>. The 2025 Notes shall have the other terms and shall be substantially in the form set forth
in the form of the 2025 Notes attached hereto as Annex <FONT STYLE="white-space:nowrap">A-1.</FONT> In case of any conflict between this Annex or the form of the 2025 Notes and the Indenture, this Annex or the form of the 2025 Notes shall control,
as applicable. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>ANNEX <FONT STYLE="white-space:nowrap">A-1</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF 2025 NOTE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (&#147;EUROCLEAR&#148;), AND CLEARSTREAM BANKING S.A., LUXEMBOURG (&#147;CLEARSTREAM&#148; AND, TOGETHER WITH EUROCLEAR,
&#147;EUROCLEAR/CLEARSTREAM&#148;), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF USB NOMINEES (UK) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED, OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">REGISTERED </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS NOTE IS A REGISTERED GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE REGISTERED FORM,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">No. <FONT STYLE="white-space:nowrap">R-A1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">COMMON CODE NO. 263423402</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">ISIN NO. XS2634234020</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PAYPAL HOLDINGS, INC. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">0.813% Notes due 2025 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">PayPal
Holdings, Inc., a Delaware corporation (the &#147;Issuer,&#148; which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to USB Nominees (UK) Limited, or registered
assigns, the principal sum of Thirty Billion Yen (&yen;30,000,000,000) on June&nbsp;9, 2025 and to pay interest on said principal sum from June&nbsp;9, 2023, or from the most recent interest payment date to which interest has been paid or duly
provided for, semi-annually in arrears on June&nbsp;9 and December&nbsp;9 (each such date, an &#147;Interest Payment Date&#148;) of each year commencing on December&nbsp;9, 2023, at the rate of 0.813% per annum until the principal hereof shall have
become due and payable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The amount of interest payable on any Interest Payment Date shall be computed on the basis of a <FONT
STYLE="white-space:nowrap">360-day</FONT> year composed of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. In the event that any date on which the principal or interest payable on this Note is not a Business Day, then payment of
principal or interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of such delay). The interest installment so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture (referred to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
on the reverse hereof) be paid to the Person in whose name this Note is registered at the close of business on the record date for such interest installment, which shall be the close of business
on the immediately preceding May&nbsp;25 and November&nbsp;25 prior to such Interest Payment Date, as applicable (whether or not such record date is a Business Day). Any such interest installment not punctually paid or duly provided for shall
forthwith cease to be payable to the registered Holders on such record date and may be paid to the Person in whose name this Note is registered at the close of business on a subsequent record date (which shall be not less than five Business Days
prior to the date of payment of such defaulted interest), notice whereof shall be sent by or on behalf of the Issuer to the registered Holders of Notes not less than 15 days preceding such subsequent record date, all as more fully provided in the
Indenture. The principal of and the interest on this Note shall be payable by wire transfer to the account of the Depositary or its nominee in accordance with the Applicable Procedures. In order to provide for all payments due on the 2025 Notes as
the same shall become due, the Issuer shall cause to be paid to the paying agent, no later than 10:00 a.m. London time one Business Day prior to such payment date, at such bank as the paying agent shall previously have notified to the Issuer, in
immediately available funds sufficient to meet all payments due on the 2025 Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Initial Holders will be required to pay for the this
Note in yen, and all payments on this Note will be payable in yen, provided, that if on or after June&nbsp;2, 2023, the yen is unavailable to the Issuer due to the imposition of exchange controls or other circumstances beyond the Issuer&#146;s
control, then all payments in respect of this Note will be made in U.S. dollars until the yen is again available to the Issuer or so used. The amount payable on any date in yen will be converted into U.S. dollars at the rate mandated by the U.S.
Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/yen
exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the
Issuer&#146;s sole discretion on the basis of the most recently available market exchange rate for the yen. Any payment in respect of this Note so made in U.S. dollars will not constitute an Event of Default under this Note or the Indenture
governing this Note. Neither the Trustee nor the paying agent shall have any responsibility for any calculation or conversion in connection with the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;yen&#148; and &#147;&yen;&#148; means the lawful currency of Japan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee (as defined below) under the Indenture (as
defined below), by the manual signature of one of its authorized signatories, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as defined herein, capitalized terms used in this Note which are defined in the Indenture shall have the respective meanings assigned
to them in the Indenture. As used herein, &#147;Business Day&#148; means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in the Borough of Manhattan, The City of New York, London or Tokyo are authorized or
required by law, regulation or executive order to close and that is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET system), or any successor or replacement for that system, operates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed, manually or
in facsimile. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">PAYPAL HOLDINGS, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">CERTIFICATE OF AUTHENTICATION</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">This is one of the Securities referred to in the within-mentioned Indenture.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">COMPUTERSHARE TRUST COMPANY, N.A.,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">as Trustee</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Authorized Signatory</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
2025 Global Note </I><I>&#150; </I><I>A1</I>] </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[REVERSE SIDE OF NOTE] </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This Note is one of a duly authorized series of Securities of the Issuer designated as its 0.813% Notes due 2025 (the &#147;Notes&#148;). The
Notes are all issued or to be issued under and pursuant to an Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), duly executed and delivered between the Issuer and Computershare Trust Company, N.A., as successor to Wells
Fargo Bank, National Association, as trustee with respect to the Notes (the &#147;Trustee&#148;), to which the Indenture and the Officer&#146;s Certificate setting forth the terms of the Notes is hereby made for a statement of the respective rights
thereunder of the Issuer, the Trustee and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. The Notes are Senior Securities within the meaning of the Indenture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Notes are issuable only as Registered Securities in minimum denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in
excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes as requested by the Holder surrendering the same. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as set forth below, this Note is not redeemable. This Note is not entitled to the benefit of a sinking fund or any analogous provision.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United
States (or any political subdivision of or taxing authority in the United States), or any change in, or amendment to, an 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), which change or amendment is announced or becomes effective on or after June&nbsp;2, 2023, the Issuer becomes or, based upon a written opinion of independent counsel selected by the Issuer,
there is a substantial probability that the Issuer will become, obligated to pay Additional Amounts (as defined below), with respect to the 2025 Notes, then the Issuer may at any time at its option redeem the 2025 Notes, in whole but not in part, at
a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the 2025 Notes being redeemed to, but excluding, the date fixed for redemption. The Issuer must give the Holders of the 2025 Notes notice of any
redemption of the 2025 Notes not less than 10 days or more than 60 days before the date fixed for redemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If a Change of Control
Repurchase Event occurs, unless the Issuer has previously exercised its right to redeem the Notes in whole as described above, the Issuer will be required to make an offer to each Holder of Notes to repurchase all or any part (in minimum
denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof) of such Holder&#146;s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid
interest, if any, on the Notes repurchased to, but not including, the date of such repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Issuer&#146;s option, prior to any Change of Control, but after the public
announcement of an impending Change of Control, the Issuer will send a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and
offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is sent (the &#147;Change of Control Payment Date&#148;). The notice shall, if
sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Issuer will comply with the requirements of Rule
<FONT STYLE="white-space:nowrap">14e-1</FONT> under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), 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 Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes,
the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">On the Change of Control Payment Date, the Issuer will be required, to the extent lawful, to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">accept for payment all Notes or portions of Notes (in minimum denominations of &yen;100,000,000 and integral
multiples of &yen;10,000,000 in excess thereof) properly tendered pursuant to the Issuer&#146;s offer; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposit with the paying agent, no later than 11:00 a.m., London time one Business Day prior to such payment
date, an amount equal to the aggregate purchase price in respect of all Notes or portions of Notes properly tendered; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deliver or cause to be delivered to the Trustee for cancellation the Notes properly accepted, together with an
Officer&#146;s Certificate stating the aggregate principal amount of Notes being repurchased by the Issuer. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The paying
agent will promptly mail (or, in the case of Notes held in book-entry form, transmit electronically) to each Holder of Notes properly tendered the repurchase price for such Notes, and the Trustee will promptly authenticate and mail (or cause to be
transferred by book-entry) to each Holder a new Note equal in principal amount to any unrepurchased portion of any Notes surrendered;<I> provided</I>, that each new Note will be in minimum denominations of &yen;100,000,000 and integral multiples of
&yen;10,000,000 in excess thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Issuer will not be required to make an offer to repurchase the Notes upon a Change of Control
Repurchase 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 Issuer as set forth herein and the third party repurchases all Notes properly tendered and
not withdrawn under its offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer as set forth herein. In addition, the Issuer will not be required to, and will not, make an offer to
repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default with respect to the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If Holders of not less than 90% in aggregate principal amount of the Notes then outstanding validly tender and do not withdraw such Notes in
an offer to repurchase the Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making such an offer in lieu of the Issuer as described above, purchases all of such Notes properly tendered and not withdrawn by such
Holders, the Issuer or such third party will have the right, upon not less than 10 days&#146; nor more than 60 days&#146; prior notice (provided, that such notice is given not more than 60 days following such repurchase pursuant to the offer to
repurchase the Notes upon a Change of Control Repurchase Event described above) to redeem all Notes that remain outstanding following such purchase on a date specified in such notice (the &#147;Second Change of Control Payment Date&#148;) and at a
price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but excluding, the Second Change of Control Payment Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Below Investment Grade Rating Event&#148; means the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period following
public notice of the occurrence of the Change of Control (which <FONT STYLE="white-space:nowrap">60-day</FONT> 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). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control&#148; means the occurrence of any of the following: (1)&nbsp;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 Issuer and its Subsidiaries, taken as a whole, to
any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than the Issuer or one of its Subsidiaries; (2)&nbsp;the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares or voting power of
the Issuer&#146;s Voting Equity Interests; (3)&nbsp;the adoption of a plan by the Issuer&#146;s board of directors relating to the Issuer&#146;s liquidation or dissolution; or (4)&nbsp;the Issuer consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the Issuer&#146;s outstanding Voting Equity Interests or the outstanding Voting Equity Interests 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 Issuer&#146;s Voting Equity Interests outstanding immediately prior to such transaction constitute, or are
converted into or exchanged for, a majority of the Voting Equity Interests of the surviving Person or parent entity thereof immediately after giving effect to such transaction. Notwithstanding the foregoing, a transaction will not be deemed to
result in a Change of Control if (a)&nbsp;the Issuer becomes a wholly-owned Subsidiary of another Person and (b)&nbsp;immediately following that transaction, a majority of Voting Equity Interests of such Person is held by the direct or indirect
Holders of the Issuer&#146;s Voting Equity Interests immediately prior to such transaction and in substantially the same proportions as immediately prior to such transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control Repurchase Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Fitch&#148; means Fitch Inc., a subsidiary of Fimalac, S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Investment Grade Rating&#148; means a rating equal to or higher than <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by
Fitch, <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by S&amp;P and Baa3 (or the equivalent) by Moody&#146;s. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc., a subsidiary of Moody&#146;s Corporation, and its successors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Rating Agencies&#148; means (1)&nbsp;each of Fitch, S&amp;P and Moody&#146;s; and (2)&nbsp;if any of Fitch, S&amp;P or Moody&#146;s
ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of Section&nbsp;3(a)(62)
under the Exchange Act, selected by the Issuer as a replacement agency for Fitch, S&amp;P or Moody&#146;s, or some or all of them, as the case may be. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of The McGraw-Hill Companies, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all the Notes may be declared due and payable
in the manner and with the effect provided in the Indenture. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place and rate, and in the coin or currency, herein prescribed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note may be registered on the registry
books of the Issuer or the Registrar, upon surrender of this Note for registration of transfer at the office or agency of the Issuer maintained by the Issuer for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Issuer and the Trustee duly executed by, the Holder hereof or by its 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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">No service charge shall be made for any such registration of transfer or exchange,
but the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Prior to due presentment of this Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer 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 be overdue, and neither the Issuer, the Trustee nor any such agent shall be affected by notice to the contrary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">All payments of principal and interest in respect of the 2025 Notes will be made free and clear of, and without deduction or withholding for
or on account of any present or future taxes, duties, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any political subdivision or taxing authority of or in the United States
(collectively, &#147;Taxes&#148;), unless such withholding or deduction is required by law or the official interpretation or administration thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In the event any withholding or deduction on payments in respect of the 2025 Notes for or on account of any present or future tax, assessment
or other governmental charge is required to be deducted or withheld by the United States or any political subdivision or taxing authority thereof or therein, the Issuer will pay such additional amounts (the &#147;Additional Amounts&#148;) on the
2025 Notes as will result in receipt by each beneficial owner of such note that is not a U.S. Person (as defined below) of such amounts (after all such withholding or deduction, including on any Additional Amounts) as would have been received by
such beneficial owner had no such withholding or deduction been required. The Issuer will not be required, however, to make any payment of Additional Amounts for or on account of: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge that would not have been imposed but for (1)&nbsp;the
existence of any present or former connection (other than a connection arising solely from the ownership of those 2025 Notes or the receipt of payments in respect of those 2025 Notes) between a Holder of a 2025 Note (or the beneficial owner for
whose benefit such Holder holds such 2025 Note), or between a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner (if that Holder or beneficial owner is an estate, trust,
partnership or corporation) and the United States, including that Holder or beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the
United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or (2)&nbsp;the presentation of a 2025 Note for payment on a date more than 30 days after
the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any estate, inheritance, gift, sales, transfer, capital gains, excise, personal property, wealth or similar
tax, assessment or other governmental charge; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge imposed by reason of the beneficial owner&#146;s past or
present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to the United States or as a corporation that accumulates earnings to avoid U.S.
federal income tax; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge which is payable by any method other than withholding or
deducting from payment of principal of or premium, if any, or interest on such 2025 Notes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment
of principal of and premium, if any, or interest on any 2025 Note if that payment can be made without withholding by any other paying agent; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge which would not have been imposed but for the failure of a
beneficial owner or any Holder of 2025 Notes to comply with the Issuer&#146;s request or a request of the Issuer&#146;s agent to satisfy certification, information, documentation or other reporting requirements concerning the nationality, residence,
identity or connections with the United States of the beneficial owner or any Holder of the 2025 Notes that such beneficial owner or Holder is legally able to deliver (including, but not limited to, the requirement to provide an applicable Internal
Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax treaty);
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge imposed on interest received by (1)&nbsp;a <FONT
STYLE="white-space:nowrap">10-percent</FONT> shareholder (as defined in Section&nbsp;871(h)(3)(B) of the U.S. Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), and the U.S. Treasury regulations that may be promulgated thereunder) of
the Issuer, (2)&nbsp;a controlled foreign corporation that is related to the Issuer within the meaning of Section&nbsp;864(d)(4) of the Code or (3)&nbsp;a bank receiving interest described in Section&nbsp;881(c)(3)(A) of the Code, to the extent such
tax, assessment or other governmental charge would not have been imposed but for the beneficial owner&#146;s status as described in clauses (1)&nbsp;through (3) of this paragraph (g); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">h.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge required to be withheld or deducted under Sections 1471
through 1474 of the Code (or any amended or successor version of such Sections) (&#147;FATCA&#148;), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any combination of items (a), (b), (c), (d), (e), (f), (g) and (h); </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
nor will the Issuer pay any Additional Amounts to any beneficial owner or Holder of 2025 Notes who is a fiduciary or partnership (including any entity treated as a partnership for U.S. federal
income tax purposes) to the extent that a beneficiary or settlor with respect to that fiduciary or a member of that partnership or a beneficial owner thereof would not have been entitled to the payment of those Additional Amounts had that
beneficiary, settlor, member or beneficial owner been the beneficial owner of those notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used in the preceding paragraph, &#147;U.S.
Person&#148; means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the
United States or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable U.S. Treasury regulations), or any estate or trust the income of which is subject to United States federal income
taxation regardless of its source. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any reference in the terms of the 2025 Notes to any amounts in respect of the 2025 Notes shall be
deemed also to refer to any Additional Amounts which may be payable under this provision. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTION <FONT STYLE="white-space:nowrap">5-1401</FONT> OF THE NEW YORK GENERAL OBLIGATIONS LAW. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[FORM OF SCHEDULE FOR ENDORSEMENTS ON REGISTERED </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">GLOBAL SECURITIES TO REFLECT CHANGES IN PRINCIPAL AMOUNT] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule A </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Changes to Principal
Amount of Registered Global Securities </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Principal Amount</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">of Notes</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">by which this Registered
Global</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Security is to be</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Reduced
or Increased,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">and Reason for</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Reduction or Increase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Remaining Principal</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Amount of this</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Registered</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Global Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Notation&nbsp;Made&nbsp;By</P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">A-1-10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>ANNEX B </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Pursuant to Section&nbsp;2.3 of the Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), between PayPal Holdings, Inc.,
a Delaware corporation (the &#147;Issuer&#148;), and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the &#147;Trustee&#148;), the terms of a series of Securities to be issued pursuant to the
Indenture are as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Designation</U>. The designation of the securities is &#147;0.972% Notes due 2026&#148; (the &#147;2026
Notes&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Initial Aggregate Principal Amount</U>. The 2026 Notes shall be limited in initial aggregate principal
amount to &yen;23,000,000,000 (except for 2026 Notes authenticated and delivered upon registration of transfer or exchange in accordance with the Indenture or this <U>Annex B</U> (this &#147;Annex&#148;)). </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Currency Denomination</U>. The 2026 Notes shall be denominated in yen. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Maturity</U>. The date on which the principal of the 2026 Notes is payable is June&nbsp;9, 2026.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Rate of Interest; Interest Payment Date; Regular Record Dates</U>. Each 2026 Note shall bear interest from
June&nbsp;9, 2023 at 0.972% per annum until the principal thereof is paid. Such interest shall be payable semi-annually in arrears on June&nbsp;9 and December&nbsp;9 of each year, commencing on December&nbsp;9, 2023, to the Persons in whose names
the 2026 Notes are registered at the close of business on the immediately preceding May&nbsp;25 and November&nbsp;25, respectively (whether or not such record date is a Business Day). Interest on the 2026 Notes shall accrue from the most recent date
to which interest has been paid or, if no interest has been paid, from June&nbsp;9, 2023. Interest on the 2026 Notes shall be computed on the basis of a <FONT STYLE="white-space:nowrap">360-day</FONT> year composed of twelve <FONT
STYLE="white-space:nowrap">30-day</FONT> months. In the event that any date on which principal, premium, if any, or interest is payable on the 2026 Notes is not a Business Day, then payment of the principal, premium, if any, or interest payable on
such date will be made on the next succeeding day that is a Business Day (and no additional interest shall accrue as a result of such delay in payment). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Place of Payment</U>. Principal of, premium, if any, and interest on the 2026 Notes shall be payable by wire
transfer to the account of the Depositary or its nominee, in accordance with the Applicable Procedures. In order to provide for all payments due on the 2026 Notes as the same shall become due, the Issuer shall cause to be paid to the paying agent,
no later than 10:00 a.m. London time one Business Day prior to such payment date, at such bank as the paying agent shall previously have notified to the Issuer, in immediately available funds sufficient to meet all payments due on the 2026 Notes.
The first paragraph of Section&nbsp;3.2 of the Indenture is not applicable for the 2026 Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Redemption for Tax Reasons</U>. If, as a result of any change in, or amendment to, the laws (or any
regulations or rulings promulgated under the laws) of the United States (or any political subdivision of or taxing authority in the United States), or any change in, or amendment to, an official position regarding the application or interpretation
of such laws, regulations or rulings (including a holding by a court </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
of competent jurisdiction in the United States), which change or amendment is announced or becomes effective on or after June&nbsp;2, 2023, the Issuer becomes or, based upon a written opinion of
independent counsel selected by the Issuer, there is a substantial probability that the Issuer will become, obligated to pay Additional Amounts (as described in Section&nbsp;16 below), with respect to the 2026 Notes, then the Issuer may at any time
at its option redeem the 2026 Notes, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the 2026 Notes being redeemed to, but excluding, the date fixed for
redemption. The Issuer must give the Holders of the 2026 Notes notice of any redemption of the 2026 Notes not less than 10 days nor more than 60 days before the date fixed for redemption. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Change of Control Repurchase Event</U>. If a Change of Control Repurchase Event occurs, unless the Issuer
has previously exercised its right to redeem the 2026 Notes in whole as described in Section&nbsp;7 above, the Issuer will be required to make an offer to each Holder of 2026 Notes to repurchase all or any part (in minimum denominations of
&yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof) of such Holder&#146;s 2026 Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of 2026 Notes repurchased plus any accrued and unpaid
interest, if any, on the 2026 Notes repurchased to, but not including, the date of such repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Issuer&#146;s option, prior to any Change of Control, but after the public
announcement of an impending Change of Control, the Issuer will send a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and
offering to repurchase 2026 Notes on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is sent (the &#147;Change of Control Payment Date&#148;). The notice shall,
if sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Issuer will comply with the requirements of Rule <FONT STYLE="white-space:nowrap">14e-1</FONT> 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 2026 Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any
securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the 2026 Notes, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations
under the Change of Control Repurchase Event provisions of the 2026 Notes by virtue of such conflict. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">On the Change of Control Payment
Date, the Issuer will be required, to the extent lawful, to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">accept for payment all 2026 Notes or portions of 2026 Notes (in minimum denominations of &yen;100,000,000 and
integral multiples of &yen;10,000,000 in excess thereof) properly tendered pursuant to the Issuer&#146;s offer; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposit with the paying agent, no later than 11:00 a.m., London time one Business Day prior to such payment
date, an amount equal to the aggregate purchase price in respect of all 2026 Notes or portions of 2026 Notes properly tendered; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deliver or cause to be delivered to the Trustee for cancellation the 2026 Notes properly accepted, together
with an Officer&#146;s Certificate stating the aggregate principal amount of 2026 Notes being repurchased by the Issuer. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The paying agent will promptly mail (or, in the case of 2026 Notes held in book-entry form, transmit electronically) to each Holder of 2026
Notes properly tendered the repurchase price for such 2026 Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new 2026 Note equal in principal amount to any unrepurchased portion of
any 2026 Notes surrendered; <I>provided</I>, that each new 2026 Note will be in minimum denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Issuer will not be required to make an offer to repurchase the 2026 Notes upon a Change of Control Repurchase 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 Issuer pursuant to this Section&nbsp;8 and the third party repurchases all 2026 Notes properly tendered and not withdrawn under its
offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer pursuant to this Section&nbsp;8. In addition, the Issuer will not be required to, and the Issuer will not, make an offer to
repurchase any 2026 Notes upon a Change of Control Repurchase Event if there has occurred and is continuing on the Change of Control Payment Date an Event of Default with respect to the 2026 Notes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">If Holders of not less than 90% in aggregate principal amount of the 2026 Notes then outstanding validly tender and do not withdraw such 2026
Notes in an offer to repurchase the 2026 Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making such an offer in lieu of the Issuer as described above, purchases all of such 2026 Notes properly tendered and not
withdrawn by such Holders, the Issuer or such third party will have the right, upon not less than 10 days&#146; nor more than 60 days&#146; prior notice (provided, that such notice is given not more than 60 days following such repurchase pursuant to
the offer to repurchase the notes upon a Change of Control Repurchase Event described above) to redeem all 2026 Notes that remain outstanding following such purchase on a date specified in such notice (the &#147;Second Change of Control Payment
Date&#148;) and at a price in cash equal to 101% of the aggregate principal amount of the 2026 Notes repurchased plus accrued and unpaid interest, if any, on the 2026 Notes repurchased to, but excluding, the Second Change of Control Payment Date.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Below Investment Grade Rating Event&#148; means the 2026 Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period following
public notice of the occurrence of the Change of Control (which <FONT STYLE="white-space:nowrap">60-day</FONT> period shall be extended so long as the rating of the 2026 Notes is under publicly announced consideration for possible downgrade by any
of the Rating Agencies). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control&#148; means the occurrence of any of the following: (1)&nbsp;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 Issuer and its Subsidiaries, taken as a whole,
to any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than the Issuer or one of its Subsidiaries; (2)&nbsp;the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares or voting power of
the Issuer&#146;s Voting Equity Interests; (3)&nbsp;the adoption of a plan by the Issuer&#146;s board of directors relating to the Issuer&#146;s liquidation or dissolution; or (4)&nbsp;the Issuer consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the Issuer&#146;s outstanding Voting Equity Interests or the outstanding Voting Equity Interests 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 Issuer&#146;s Voting Equity Interests outstanding immediately prior to such transaction constitute, or are
converted into or exchanged for, a majority of the Voting Equity Interests of the surviving Person or parent entity thereof immediately after giving effect to such transaction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, a transaction will not be deemed to result in a Change of Control if (a)&nbsp;the Issuer becomes a wholly-owned
Subsidiary of another Person and (b)&nbsp;immediately following that transaction, a majority of Voting Equity Interests of such Person is held by the direct or indirect holders of the Issuer&#146;s Voting Equity Interests immediately prior to such
transaction and in substantially the same proportions as immediately prior to such transaction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control Repurchase
Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Fitch&#148; means Fitch
Inc., a subsidiary of Fimalac, S.A. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Investment Grade Rating&#148; means a rating equal to or higher than <FONT
STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by Fitch, <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by S&amp;P and Baa3 (or the equivalent) by Moody&#146;s. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc., a subsidiary of Moody&#146;s Corporation, and its successors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Rating Agencies&#148; means (1)&nbsp;each of Fitch, S&amp;P and Moody&#146;s; and (2)&nbsp;if any of Fitch, S&amp;P or Moody&#146;s
ceases to rate the 2026 Notes or fails to make a rating of the 2026 Notes publicly available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of
Section&nbsp;3(a)(62) under the Exchange Act, selected by the Issuer as a replacement agency for Fitch, S&amp;P or Moody&#146;s, or some or all of them, as the case may be. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of
The McGraw- Hill Companies, Inc. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Mandatory Redemption</U>. Other than with respect to a Change of Control Repurchase Event as described
above, the 2026 Notes are not mandatorily redeemable. The 2026 Notes are not entitled to the benefit of a sinking fund or any analogous provisions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Denominations</U>. The 2026 Notes shall be issued initially in minimum denominations of &yen;100,000,000 and
integral multiples of &yen;10,000,000 in excess thereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Amount Payable Upon Acceleration</U>. The principal of the 2026 Notes shall be payable upon declaration of
acceleration pursuant to Section&nbsp;5.1 of the Indenture. The 2026 Notes shall not be Original Issue Discount Securities within the meaning of the Indenture. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency</U>. Principal and interest on the 2026 Notes, including payments made upon any redemption
of the 2026 Notes, shall be payable in yen, except as noted in Section&nbsp;13 below. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency &#150; Election</U>.&nbsp;If yen is unavailable to the Issuer due to the imposition of
exchange controls or other circumstances beyond the Issuer&#146;s control, then all payments in respect of the Notes will be made in U.S. dollars until the yen is again available to the Issuer or so used.</P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency &#150; Index</U>. The amount payable on any date in yen will be converted into U.S. dollars
at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of
the then most recent U.S. dollar/yen exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate
will be determined by the Issuer in its sole discretion on the basis of the most recently available market exchange rate for yen.&nbsp;Any payment in respect of the Notes so made in U.S. dollars will not constitute an event of default under the
Notes or the Indenture.&nbsp;Neither the Trustee nor the paying agent will have any responsibility for any calculation or conversion in connection with the foregoing. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registered Securities</U>. The 2026 Notes shall be issued only as Registered Securities. The 2026 Notes
shall initially be issuable as Registered Global Securities and registered in the name of the nominee of the common depositary for the accounts of Euroclear Bank S.A./N.V. and Clearstream Banking, soci&eacute;t&eacute; anonyme, subject to
Section&nbsp;2.8 of the Indenture. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Additional Amounts</U>. (a)&nbsp;All payments of principal and interest in respect of the 2026 Notes will be
made free and clear of, and without deduction or withholding for or on account of any present or future taxes, duties, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any
political subdivision or taxing authority of or in the United States (collectively, &#147;Taxes&#148;), unless such withholding or deduction is required by law or the official interpretation or administration thereof. (b)&nbsp;In the event any
withholding or deduction on payments in respect of the 2026 Notes for or on account of any present or future tax, assessment or other governmental charge is required to be deducted or withheld by the United States or any political subdivision or
taxing authority thereof or therein, the Issuer will pay such additional amounts (the &#147;Additional Amounts&#148;) on the 2026 Notes as will result in receipt by each beneficial owner of such note that is not a U.S. Person (as defined below) of
such amounts (after all such withholding or deduction, including on any Additional Amounts) as would have been received by such beneficial owner had no such withholding or deduction been required. (c)&nbsp;The Issuer will not be required, however,
to make any payment of Additional Amounts for or on account of: (i)&nbsp;any tax, assessment or other governmental charge that would not have been imposed but for (1)&nbsp;the existence of any present or former connection (other than a connection
arising solely from the ownership of those 2026 Notes or the receipt of payments in respect of those 2026 Notes) between a Holder of a 2026 Note (or the beneficial owner for whose benefit such Holder holds such 2026 Note), or between a fiduciary,
settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner (if that Holder or beneficial owner is an estate, trust, partnership or corporation) and the United States, including that Holder or
beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the United States or being or having been engaged in trade or business or present in
the United States or having had a permanent establishment in the United States or (2)&nbsp;the presentation of a 2026 Note for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date
on which payment is duly provided for; (ii)&nbsp;any estate, inheritance, gift, sales, transfer, capital gains, excise, personal property, wealth or similar tax, assessment or other governmental charge; (iii)&nbsp;any tax, assessment or other
governmental charge imposed by reason of the beneficial owner&#146;s past or present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to
the United States or as a corporation that accumulates earnings to avoid U.S. federal income tax; (iv)&nbsp;any tax, assessment or other governmental charge which is payable by any method other than withholding or deducting from payment of principal
of or premium, if any, or interest on such 2026 Notes; (v)&nbsp;any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of and premium, if any, or interest on any 2026 Note if that
payment can be made without withholding by any other paying agent; (vi)&nbsp;any tax, assessment or other governmental charge which would not have been imposed but for the failure of a beneficial owner or any Holder of 2026 Notes to comply with the
Issuer&#146;s request or a request of the Issuer&#146;s agent to satisfy certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
the United States of the beneficial owner or any Holder of the 2026 Notes that such beneficial owner or Holder is legally able to deliver (including, but not limited to, the requirement to
provide an applicable Internal Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax
treaty); (vii) any tax, assessment or other governmental charge imposed on interest received by (1)&nbsp;a <FONT STYLE="white-space:nowrap">10-percent</FONT> shareholder (as defined in Section&nbsp;871(h)(3)(B) of the U.S. Internal Revenue Code of
1986, as amended (the &#147;Code&#148;), and the U.S. Treasury regulations that may be promulgated thereunder) of the Issuer, (2)&nbsp;a controlled foreign corporation that is related to the Issuer within the meaning of Section&nbsp;864(d)(4) of the
Code or (3)&nbsp;a bank receiving interest described in Section&nbsp;881(c)(3)(A) of the Code, to the extent such tax, assessment or other governmental charge would not have been imposed but for the beneficial owner&#146;s status as described in
clauses (1)&nbsp;through (3) of this paragraph (vii); (viii) any tax, assessment or other governmental charge required to be withheld or deducted under Sections 1471 through 1474 of the Code (or any amended or successor version of such Sections)
(&#147;FATCA&#148;), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or any law, regulation or other official guidance enacted in any jurisdiction
implementing FATCA or an intergovernmental agreement in respect of FATCA; or (ix)&nbsp;any combination of items (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii); nor will the Issuer pay any Additional Amounts to any beneficial owner or Holder of
2026 Notes who is a fiduciary or partnership (including any entity treated as a partnership for U.S. federal income tax purposes) to the extent that a beneficiary or settlor with respect to that fiduciary or a member of that partnership or a
beneficial owner thereof would not have been entitled to the payment of those Additional Amounts had that beneficiary, settlor, member or beneficial owner been the beneficial owner of those notes. (d)&nbsp;As used in the preceding paragraph,
&#147;U.S. Person&#148; means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state
of the United States or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable U.S. Treasury regulations), or any estate or trust the income of which is subject to United States federal
income taxation regardless of its source. (e)&nbsp;Any reference in the terms of the 2026 Notes to any amounts in respect of the 2026 Notes shall be deemed also to refer to any Additional Amounts which may be payable under this provision.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Definitive Certificates</U>. Section&nbsp;2.8 of the Indenture will govern the transferability of the 2026
Notes in definitive form. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registrar; Paying Agent; Depositary</U>. Elavon Financial Services DAC will serve as the Registrar and
Transfer Agent and Elavon Financial Services DAC, UK Branch will serve as Paying Agent for the 2026 Notes. Elavon Financial Service DAC will initially serve as the Depositary for the 2026 Notes. Notwithstanding the foregoing, upon notice to the
Trustee, the Issuer may change the paying agent, registrar or transfer agent.</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Events of Default.</U> In addition to the Events of Default set forth in Section&nbsp;5.1 of the Indenture,
the failure by the Issuer to repurchase 2026 Notes tendered for repurchase following the occurrence of a Change of Control Repurchase Event in conformity with the covenant set forth in Section&nbsp;8 hereof is an Event of Default with respect to the
2026 Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Covenants</U>. There shall be the following additions to the covenants of the Issuer set forth in Article
III of the Indenture with respect to the 2026 Notes: </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Limitation on Liens</I>. The Issuer covenants that, so long as any of the 2026
Notes remain outstanding, it shall not, nor shall it permit any of its Restricted Subsidiaries to, create or assume any mortgage, pledge, security interest, lien, charge or encumbrance of any kind (each, a &#147;Lien&#148;) on (a)&nbsp;any Principal
Property or (b)&nbsp;any capital stock or Indebtedness of any of the Issuer&#146;s Restricted Subsidiaries (together, &#147;Property&#148;), in each case whether now owned or hereafter acquired, in order to secure any Indebtedness, without
effectively providing that the 2026 Notes shall be secured by a Lien ranking equal to and ratably with (or, at the Issuer&#146;s option, senior to) such secured Indebtedness until such time as such Indebtedness is no longer secured by such Lien,
except that the foregoing restriction shall not apply to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens existing on the date of the initial issuance of the 2026 Notes (other than any additional 2026 Notes) or
that the Issuer or any of its Restricted Subsidiaries have agreed to pursuant to the terms of agreements existing on the date of the initial issuance of the 2026 Notes (other than any additional 2026 Notes); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens created or incurred after the date of the initial issuance of the 2026 Notes (other than any additional
2026 Notes) created in favor of the holders of the 2026 Notes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens in favor of the Issuer or one of its Subsidiaries; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">(i) Liens given to secure (or to secure Indebtedness incurred or guaranteed by the Issuer or any of its
Restricted Subsidiaries for the purpose of financing) the payment of all or any portion of the purchase price for the acquisition (including acquisition through merger or consolidation or the acquisition of a Person directly or indirectly owning
such property) of any Property, including capital lease or purchase money transactions in connection with any such acquisition, or all or any portion of the cost of refurbishment, improvement, expansion, renovation, development or construction of
any Property; <I>provided </I>that with respect to this clause (i), the Liens shall be given prior to, at the time of or within 12 months after such acquisition, or completion of such refurbishment, improvement, expansion, renovation, development or
construction, or the full operation of such Property, whichever is latest, and shall attach solely to such Property (including any refurbishments, improvements, expansions, renovations, development or construction thereof or then or thereafter
placed thereon) and any proceeds thereof; and (ii)&nbsp;Liens existing on all or any portion of any Property at the time of acquisition thereof (including acquisition through merger or consolidation or the acquisition of a Person then directly or
indirectly owning such property) whether or not such existing Liens were given to secure (or to secure Indebtedness incurred or guaranteed by the Issuer or any of its Restricted Subsidiaries for the purpose of financing) the payment of the purchase
price of such Property; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens on any Property in favor of the United States of America or any state thereof, or in favor of any other
country, or any political subdivision, department, agency or instrumentality thereof to secure progress or other payments pursuant to any contract or statute or to secure Indebtedness incurred or guaranteed for the purpose of financing all or any
portion of the cost of acquiring, refurbishing, improving, expanding, renovating, developing or constructing such Property, including Liens incurred in connection with pollution control, industrial revenue or similar financing;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">statutory or legislative Liens or other similar Liens (including pledges, deposits, carriers&#146;,
warehousemen&#146;s, mechanics&#146;, materialmen&#146;s, repairmen&#146;s and other like Liens imposed by law) arising in the ordinary course of the Issuer or any of its Restricted Subsidiaries&#146; business, or Liens arising out of government
contracts; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens in connection with legal proceedings, including Liens arising out of judgments or awards, in each case so
long as such Lien is adequately bonded and any appropriate legal proceedings that may have been initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be
initiated shall not have expired; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens for taxes or assessments, landlord&#146;s Liens and Liens and charges, in each case (i)&nbsp;not yet due
or payable or subject to penalties for <FONT STYLE="white-space:nowrap">non-payment</FONT> or which the Issuer is contesting in good faith by appropriate proceedings and (ii)&nbsp;incidental to the conduct of the business or the ownership of the
Issuer&#146;s assets or those of a Restricted Subsidiary; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens incurred in connection with an acquisition of assets or a project financed on a <FONT
STYLE="white-space:nowrap">non-</FONT> recourse basis; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">easements, zoning restrictions,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way</FONT></FONT> and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially detract from the value of the affected property or interfere with the ordinary conduct of the Issuer&#146;s business; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens securing obligations arising under or related to (a)&nbsp;the transfer of cash or other property with
respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient
or funds transmitter in the ordinary course of its business (each such transaction, a &#147;Settlement&#148;) and (b)&nbsp;any payment or reimbursement obligation in respect of the transfer, or contractual undertaking (including by automated
clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement (including, for the avoidance of doubt, any agreement with a bank or financial institution providing for short term financing for the purpose of
funding any Settlement); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(m)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens securing securitized indebtedness and receivables factoring, discounting, facilities or securitizations;
and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(n)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any extensions, renewals or replacements of any Lien referred to in clauses (a)&nbsp;through (m) without
increase of the principal of the Indebtedness secured by such Lien (except to the extent of any fees or other costs associated with any such extension, renewal or replacement); <I>provided</I>, <I>however</I>, that any Liens permitted by any of
clauses (a)&nbsp;through (m) shall not extend to or cover any of the Issuer&#146;s property or the property of any of its Subsidiaries, as the case may be, other than the property specified in such clauses and improvements to such property.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the Issuer or any of its Restricted Subsidiaries may, without equally and ratably
securing the 2026 Notes, create or incur Liens which would otherwise be subject to the restrictions set forth in the preceding paragraph, if after giving effect thereto and to the retirement of any Indebtedness that is being retired substantially
concurrently, Aggregate Debt does not exceed the greater of (1) 20% of the Issuer&#146;s Consolidated Net Tangible Assets on a consolidated basis calculated as of the date of the creation or incurrence of the Lien and (2) $3.5&nbsp;billion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Limitation on Sale and Leaseback Transactions</I>. The Issuer covenants that, so long as any of the 2026 Notes remain outstanding, it shall not, nor shall
it permit any of its Restricted Subsidiaries to, enter into any arrangement with any Person providing for the leasing by the Issuer or any of its Restricted Subsidiaries of any Principal Property, whether now owned or hereafter acquired, that has
been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to such Person with the intention of taking back a lease of such Principal Property, a &#147;sale and leaseback transaction,&#148; unless: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction was entered into prior to the date of the initial issuance of the 2026 Notes (other than any
additional 2026 Notes) or any extension, renewal, refinancing, replacement, amendment or modification of such transaction so long as the affected Principal Property is substantially the same as or similar in nature to the Principal Property subject
to the sale and leaseback transaction extended, renewed, refinanced, replaced, amended or modified; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction was for the sale and leasing back to the Issuer or any of its wholly- owned Subsidiaries of
any Principal Property by one of the Issuer&#146;s Restricted Subsidiaries; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction involves a lease for not more than three years (or which may be terminated by the Issuer or
its Restricted Subsidiaries within a period of not more than three years); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Issuer would be entitled to incur Indebtedness secured by a Lien with respect to such sale and leaseback
transaction without equally and ratably securing the 2026 Notes pursuant to the first paragraph of the &#147;&#151;Limitation on Liens&#148; covenant described above; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Issuer or any of its Restricted Subsidiaries applies an amount equal to the net proceeds from the sale of
such Principal Property to the purchase of other property or assets used or useful in its business (including the purchase or development of other Principal Property) or to the retirement of Indebtedness that is pari passu with the 2026 Notes
(including the 2026 Notes) within 365 days before or after the effective date of any such sale and leaseback transaction, provided that, in lieu of applying such amount to the retirement of pari passu Indebtedness, the Issuer may deliver 2026 Notes
to the Trustee for cancellation, such 2026 Notes to be credited at the cost thereof. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the restrictions set forth in the preceding paragraph, the Issuer or any of
its Restricted Subsidiaries may enter into any sale and leaseback transaction which would otherwise be subject to the foregoing restrictions, if after giving effect thereto Aggregate Debt does not exceed the greater of (1) 20% of the Issuer&#146;s
Consolidated Net Tangible Assets on a consolidated basis calculated as of the relevant date of determination and (2) $3.5&nbsp;billion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Aggregate Debt&#148; means the sum of the following, as of the date of determination: (1)&nbsp;the aggregate principal amount of the
Issuer&#146;s and its Restricted Subsidiaries&#146; Indebtedness incurred after the date of initial issuance of the 2026 Notes and secured by Liens not permitted by the first paragraph under &#147;&#151;Limitation on Liens&#148; above and
(2)&nbsp;the Issuer&#146;s and its Restricted Subsidiaries&#146; Attributable Debt in respect of sale and leaseback transactions entered into after the date of the initial issuance of the 2026 Notes pursuant to the second paragraph of
&#147;&#151;Limitation on Sale and Leaseback Transactions&#148; above. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Attributable Debt&#148; means, with respect to any sale and
leaseback transaction, at the time of determination, the lesser of (1)&nbsp;the fair market value of such Principal Property as determined in good faith by the Issuer&#146;s board of directors, and (2)&nbsp;the total obligation (discounted to the
present value at the implicit interest factor, determined in accordance with GAAP, included in the rental payments) of the lessee for rental payments (other than amounts required to be paid on account of property taxes as well as maintenance,
repairs, insurance, water rates and other items which do not constitute payments for property rights) during the remaining portion of the base term of the lease included in such transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Consolidated Net Tangible Assets&#148; means, as of any date of determination, the aggregate amount of assets after deducting therefrom:
(1)&nbsp;all current liabilities, except for notes and loans payable, current maturities of long-term debt, current portion of convertible securities, current portion of deferred revenue and obligations under capital leases; and (2)&nbsp;intangible
assets to the extent included in the aggregate amount of assets, net of applicable reserves and any amortized amounts, all as reflected on the Issuer&#146;s most recent consolidated balance sheet prepared in accordance with GAAP. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;GAAP&#148; means accounting principles generally accepted in the United States of America, which are in effect as of the date of
application thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Indebtedness&#148; of any specified Person means, without duplication, indebtedness of such Person for
borrowed money (including, without limitation, indebtedness for borrowed money evidenced by notes, bonds, debentures or similar instruments). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Principal Property&#148; means any single parcel of real property or any permanent improvement thereon (1)&nbsp;owned by the Issuer or
any of its Restricted Subsidiaries located in the United States, including the Issuer&#146;s principal corporate office, any other offices or data centers or any portion thereof and (2)&nbsp;having a book value, as of the date of determination, in
excess of 3% of the Issuer&#146;s Consolidated Net Tangible Assets. Principal Property does not include any property that the Issuer&#146;s board of directors has determined not to be of material importance to the business conducted by the
Issuer&#146;s Subsidiaries and the Issuer, taken as a whole. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Restricted Subsidiary&#148; means any subsidiary of the Issuer that
constitutes a &#147;significant subsidiary&#148; (as such term is defined in Regulation <FONT STYLE="white-space:nowrap">S-X,</FONT> promulgated pursuant to the Securities Act), excluding (a)&nbsp;any subsidiary which is not organized under the laws
of any state of the United States of America, (b)&nbsp;any subsidiary which conducts the major portion of its business outside the United States of America and (c)&nbsp;any subsidiary of any of the foregoing. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">21.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Conversion and Exchange</U>. The 2026 Notes shall not be convertible into or exchangeable for any other
security. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">22.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Additional Issues</U>. The Issuer may, without notice to or the consent of the Holders of the 2026 Notes,
create and issue additional 2026 Notes with the same terms as the 2026 Notes issued on June&nbsp;9, 2023 (the &#147;Initial 2026 Notes&#148;), except for the issue date, the offering price and, under certain circumstances, the first interest payment
date. Such additional 2026 Notes shall be consolidated and form a single series with the Initial 2026 Notes; <I>provided </I>that if such additional 2026 Notes are not fungible with the Initial 2026 Notes for U.S. federal income tax purposes, such
additional 2026 Notes will have one or more separate Common Code/ISIN numbers. No additional 2026 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2026 Notes. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">23.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Definitions</U>. Capitalized terms used but not otherwise defined in this Annex shall have the respective
meanings ascribed to such terms in the Indenture. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">As used herein, the following term has the specified meaning: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Business Day&#148; means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in the Borough of
Manhattan, The City of New York, London or Tokyo are authorized or required by law, regulation or executive order to close and that is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET
system), or any successor or replacement for that system, operates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;yen&#148; and &#147;&yen;&#148; means the lawful currency of
Japan. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">24.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Other Terms</U>. The 2026 Notes shall have the other terms and shall be substantially in the form set forth
in the form of the 2026 Notes attached hereto as Annex <FONT STYLE="white-space:nowrap">B-1.</FONT> In case of any conflict between this Annex or the form of the 2026 Notes and the Indenture, this Annex or the form of the 2026 Notes shall control,
as applicable. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>ANNEX <FONT STYLE="white-space:nowrap">B-1</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF 2026 NOTE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (&#147;EUROCLEAR&#148;), AND CLEARSTREAM BANKING S.A., LUXEMBOURG (&#147;CLEARSTREAM&#148; AND, TOGETHER WITH EUROCLEAR,
&#147;EUROCLEAR/CLEARSTREAM&#148;), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF USB NOMINEES (UK) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED, OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">REGISTERED </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS NOTE IS A REGISTERED GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE REGISTERED FORM,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">No. <FONT STYLE="white-space:nowrap">R-B1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">COMMON CODE NO. 263423429</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">ISIN NO. XS2634234293 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PAYPAL HOLDINGS, INC. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">0.972% Notes due 2026 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">PayPal
Holdings, Inc., a Delaware corporation (the &#147;Issuer,&#148; which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to USB Nominees (UK) Limited, or registered
assigns, the principal sum of Twenty Three Billion Yen (&yen;23,000,000,000) on June&nbsp;9, 2026 and to pay interest on said principal sum from June&nbsp;9, 2023, or from the most recent interest payment date to which interest has been paid or duly
provided for, semi-annually in arrears on June&nbsp;9 and December&nbsp;9 (each such date, an &#147;Interest Payment Date&#148;) of each year commencing on December&nbsp;9, 2023, at the rate of 0.972% per annum until the principal hereof shall have
become due and payable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The amount of interest payable on any Interest Payment Date shall be computed on the basis of a <FONT
STYLE="white-space:nowrap">360-day</FONT> year composed of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. In the event that any date on which the principal or interest payable on this Note is not a Business Day, then payment of
principal or interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of such delay). The interest installment so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture (referred to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
on the reverse hereof) be paid to the Person in whose name this Note is registered at the close of business on the record date for such interest installment, which shall be the close of business
on the immediately preceding May&nbsp;25 and November&nbsp;25 prior to such Interest Payment Date, as applicable (whether or not such record date is a Business Day). Any such interest installment not punctually paid or duly provided for shall
forthwith cease to be payable to the registered Holders on such record date and may be paid to the Person in whose name this Note is registered at the close of business on a subsequent record date (which shall be not less than five Business Days
prior to the date of payment of such defaulted interest), notice whereof shall be sent by or on behalf of the Issuer to the registered Holders of Notes not less than 15 days preceding such subsequent record date, all as more fully provided in the
Indenture. The principal of and the interest on this Note shall be payable by wire transfer to the account of the Depositary or its nominee in accordance with the Applicable Procedures. In order to provide for all payments due on the 2026 Notes as
the same shall become due, the Issuer shall cause to be paid to the paying agent, no later than 10:00 a.m. London time one Business Day prior to such payment date, at such bank as the paying agent shall previously have notified to the Issuer, in
immediately available funds sufficient to meet all payments due on the 2026 Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Initial Holders will be required to pay for the this
Note in yen, and all payments on this Note will be payable in yen, provided, that if on or after June&nbsp;2, 2023, the yen is unavailable to the Issuer due to the imposition of exchange controls or other circumstances beyond the Issuer&#146;s
control, then all payments in respect of this Note will be made in U.S. dollars until the yen is again available to the Issuer or so used. The amount payable on any date in yen will be converted into U.S. dollars at the rate mandated by the U.S.
Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/yen
exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the
Issuer&#146;s sole discretion on the basis of the most recently available market exchange rate for the yen. Any payment in respect of this Note so made in U.S. dollars will not constitute an Event of Default under this Note or the Indenture
governing this Note. Neither the Trustee nor the paying agent shall have any responsibility for any calculation or conversion in connection with the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;yen&#148; and &#147;&yen;&#148; means the lawful currency of Japan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee (as defined below) under the Indenture (as
defined below), by the manual signature of one of its authorized signatories, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as defined herein, capitalized terms used in this Note which are defined in the Indenture shall have the respective meanings assigned
to them in the Indenture. As used herein, &#147;Business Day&#148; means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in the Borough of Manhattan, The City of New York, London or Tokyo are authorized or
required by law, regulation or executive order to close and that is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET system), or any successor or replacement for that system, operates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed, manually or
in facsimile. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">PAYPAL HOLDINGS, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Name:</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title:</TD></TR></TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="42%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">CERTIFICATE OF AUTHENTICATION</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5">This is one of the Securities referred to in the within mentioned Indenture.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="5"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">COMPUTERSHARE TRUST COMPANY, N.A.,</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">as Trustee</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3">Authorized Signatory</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to
2026 Global Note &#150; B1</I>] </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[REVERSE SIDE OF NOTE] </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This Note is one of a duly authorized series of Securities of the Issuer designated as its 0.972% Notes due 2026 (the &#147;Notes&#148;). The
Notes are all issued or to be issued under and pursuant to an Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), duly executed and delivered between the Issuer and Computershare Trust Company, N.A. as successor to Wells
Fargo Bank, National Association, as trustee with respect to the Notes (the &#147;Trustee&#148;), to which the Indenture and the Officer&#146;s Certificate setting forth the terms of the Notes is hereby made for a statement of the respective rights
thereunder of the Issuer, the Trustee and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. The Notes are Senior Securities within the meaning of the Indenture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Notes are issuable only as Registered Securities in minimum denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in
excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes as requested by the Holder surrendering the same. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as set forth below, this Note is not redeemable. This Note is not entitled to the benefit of a sinking fund or any analogous provision.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United
States (or any political subdivision of or taxing authority in the United States), or any change in, or amendment to, an 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), which change or amendment is announced or becomes effective on or after June&nbsp;2, 2023, the Issuer becomes or, based upon a written opinion of independent counsel selected by the Issuer,
there is a substantial probability that the Issuer will become, obligated to pay Additional Amounts (as defined below), with respect to the 2026 Notes, then the Issuer may at any time at its option redeem the 2026 Notes, in whole but not in part, at
a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the 2026 Notes being redeemed to, but excluding, the date fixed for redemption. The Issuer must give the Holders of the 2026 Notes notice of any
redemption of the 2026 Notes not less than 10 days or more than 60 days before the date fixed for redemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If a Change of Control
Repurchase Event occurs, unless the Issuer has previously exercised its right to redeem the Notes in whole as described above, the Issuer will be required to make an offer to each Holder of Notes to repurchase all or any part (in minimum
denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof) of such Holder&#146;s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid
interest, if any, on the Notes repurchased to, but not including, the date of such repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Issuer&#146;s option, prior to any Change of Control, but after the public
announcement of an impending Change of Control, the Issuer will send a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and
offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is sent (the &#147;Change of Control Payment Date&#148;). The notice shall, if
sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Issuer will comply with the requirements of Rule <FONT STYLE="white-space:nowrap">14e-1</FONT> under the Securities Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;), 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
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the
Notes, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">On the Change of Control Payment Date, the Issuer will be required, to the extent lawful, to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">accept for payment all Notes or portions of Notes (in minimum denominations of &yen;100,000,000 and integral
multiples of &yen;10,000,000 in excess thereof) properly tendered pursuant to the Issuer&#146;s offer; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposit with the paying agent, no later than 11:00 a.m., London time one Business Day prior to such payment
date, an amount equal to the aggregate purchase price in respect of all Notes or portions of Notes properly tendered; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deliver or cause to be delivered to the Trustee for cancellation the Notes properly accepted, together with an
Officer&#146;s Certificate stating the aggregate principal amount of Notes being repurchased by the Issuer. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The paying
agent will promptly mail (or, in the case of Notes held in book-entry form, transmit electronically) to each Holder of Notes properly tendered the repurchase price for such Notes, and the Trustee will promptly authenticate and mail (or cause to be
transferred by book-entry) to each Holder a new Note equal in principal amount to any unrepurchased portion of any Notes surrendered;<I> provided</I>, that each new Note will be in minimum denominations of &yen;100,000,000 and integral multiples of
&yen;10,000,000 in excess thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Issuer will not be required to make an offer to repurchase the Notes upon a Change of Control
Repurchase 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 Issuer as set forth herein and the third party repurchases all Notes properly tendered and
not withdrawn under its offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer as set forth herein. In addition, the Issuer will not be required to, and will not, make an offer to
repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default with respect to the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If Holders of not less than 90% in aggregate principal amount of the Notes then outstanding validly tender and do not withdraw such Notes in
an offer to repurchase the Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making such an offer in lieu of the Issuer as described above, purchases all of such Notes properly tendered and not withdrawn by such
Holders, the Issuer or such third party will have the right, upon not less than 10 days&#146; nor more than 60 days&#146; prior notice (provided, that such notice is given not more than 60 days following such repurchase pursuant to the offer to
repurchase the Notes upon a Change of Control Repurchase Event described above) to redeem all Notes that remain outstanding following such purchase on a date specified in such notice (the &#147;Second Change of Control Payment Date&#148;) and at a
price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but excluding, the Second Change of Control Payment Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Below Investment Grade Rating Event&#148; means the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period following
public notice of the occurrence of the Change of Control (which <FONT STYLE="white-space:nowrap">60-day</FONT> 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). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control&#148; means the occurrence of any of the following: (1)&nbsp;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 Issuer and its Subsidiaries, taken as a whole, to
any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than the Issuer or one of its Subsidiaries; (2)&nbsp;the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares or voting power of
the Issuer&#146;s Voting Equity Interests; (3)&nbsp;the adoption of a plan by the Issuer&#146;s board of directors relating to the Issuer&#146;s liquidation or dissolution; or (4)&nbsp;the Issuer consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the Issuer&#146;s outstanding Voting Equity Interests or the outstanding Voting Equity Interests 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 Issuer&#146;s Voting Equity Interests outstanding immediately prior to such transaction constitute, or are
converted into or exchanged for, a majority of the Voting Equity Interests of the surviving Person or parent entity thereof immediately after giving effect to such transaction. Notwithstanding the foregoing, a transaction will not be deemed to
result in a Change of Control if (a)&nbsp;the Issuer becomes a wholly-owned Subsidiary of another Person and (b)&nbsp;immediately following that transaction, a majority of Voting Equity Interests of such Person is held by the direct or indirect
Holders of the Issuer&#146;s Voting Equity Interests immediately prior to such transaction and in substantially the same proportions as immediately prior to such transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control Repurchase Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Fitch&#148; means Fitch Inc., a subsidiary of Fimalac, S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Investment Grade Rating&#148; means a rating equal to or higher than <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by
Fitch, <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by S&amp;P and Baa3 (or the equivalent) by Moody&#146;s. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc., a subsidiary of Moody&#146;s Corporation, and its successors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Rating Agencies&#148; means (1)&nbsp;each of Fitch, S&amp;P and Moody&#146;s; and (2)&nbsp;if any of Fitch, S&amp;P or Moody&#146;s
ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of Section&nbsp;3(a)(62)
under the Exchange Act, selected by the Issuer as a replacement agency for Fitch, S&amp;P or Moody&#146;s, or some or all of them, as the case may be. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of The McGraw-Hill Companies, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all the Notes may be declared due and payable
in the manner and with the effect provided in the Indenture. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place and rate, and in the coin or currency, herein prescribed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note may be registered on the registry
books of the Issuer or the Registrar, upon surrender of this Note for registration of transfer at the office or agency of the Issuer maintained by the Issuer for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Issuer and the Trustee duly executed by, the Holder hereof or by its 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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">No service charge shall be made for any such registration of transfer or exchange,
but the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Prior to due presentment of this Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer 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 be overdue, and neither the Issuer, the Trustee nor any such agent shall be affected by notice to the contrary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">All payments of principal and interest in respect of the 2026 Notes will be made free and clear of, and without deduction or withholding for
or on account of any present or future taxes, duties, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any political subdivision or taxing authority of or in the United States
(collectively, &#147;Taxes&#148;), unless such withholding or deduction is required by law or the official interpretation or administration thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In the event any withholding or deduction on payments in respect of the 2026 Notes for or on account of any present or future tax, assessment
or other governmental charge is required to be deducted or withheld by the United States or any political subdivision or taxing authority thereof or therein, the Issuer will pay such additional amounts (the &#147;Additional Amounts&#148;) on the
2026 Notes as will result in receipt by each beneficial owner of such note that is not a U.S. Person (as defined below) of such amounts (after all such withholding or deduction, including on any Additional Amounts) as would have been received by
such beneficial owner had no such withholding or deduction been required. The Issuer will not be required, however, to make any payment of Additional Amounts for or on account of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge that would not have been imposed but for (1)&nbsp;the
existence of any present or former connection (other than a connection arising solely from the ownership of those 2026 Notes or the receipt of payments in respect of those 2026 Notes) between a Holder of a 2026 Note (or the beneficial owner for
whose benefit such Holder holds such 2026 Note), or between a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner (if that Holder or beneficial owner is an estate, trust,
partnership or corporation) and the United States, including that Holder or beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the
United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or (2)&nbsp;the presentation of a 2026 Note for payment on a date more than 30 days after
the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any estate, inheritance, gift, sales, transfer, capital gains, excise, personal property, wealth or similar
tax, assessment or other governmental charge; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge imposed by reason of the beneficial owner&#146;s past or
present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to the United States or as a corporation that accumulates earnings to avoid U.S.
federal income tax; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge which is payable by any method other than withholding or
deducting from payment of principal of or premium, if any, or interest on such 2026 Notes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment
of principal of and premium, if any, or interest on any 2026 Note if that payment can be made without withholding by any other paying agent; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge which would not have been imposed but for the failure of a
beneficial owner or any Holder of 2026 Notes to comply with the Issuer&#146;s request or a request of the Issuer&#146;s agent to satisfy certification, information, documentation or other reporting requirements concerning the nationality, residence,
identity or connections with the United States of the beneficial owner or any Holder of the 2026 Notes that such beneficial owner or Holder is legally able to deliver (including, but not limited to, the requirement to provide an applicable Internal
Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax treaty);
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge imposed on interest received by (1)&nbsp;a <FONT
STYLE="white-space:nowrap">10-percent</FONT> shareholder (as defined in Section&nbsp;871(h)(3)(B) of the U.S. Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), and the U.S. Treasury regulations that may be promulgated thereunder) of
the Issuer, (2)&nbsp;a controlled foreign corporation that is related to the Issuer within the meaning of Section&nbsp;864(d)(4) of the Code or (3)&nbsp;a bank receiving interest described in Section&nbsp;881(c)(3)(A) of the Code, to the extent such
tax, assessment or other governmental charge would not have been imposed but for the beneficial owner&#146;s status as described in clauses (1)&nbsp;through (3) of this paragraph (g); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">h.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge required to be withheld or deducted under Sections 1471
through 1474 of the Code (or any amended or successor version of such Sections) (&#147;FATCA&#148;), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any combination of items (a), (b), (c), (d), (e), (f), (g) and (h); </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">nor will the Issuer pay any Additional Amounts to any beneficial owner or Holder of 2026 Notes who is a
fiduciary or partnership (including any entity treated as a partnership for U.S. federal income tax purposes) to the extent that a beneficiary or settlor with respect to that fiduciary or a member of that partnership or a beneficial owner thereof
would not have been entitled to the payment of those Additional Amounts had that beneficiary, settlor, member or beneficial owner been the beneficial owner of those notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As used in the preceding paragraph, &#147;U.S. Person&#148; means any individual who is a citizen or resident of the United States for U.S.
federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that is not treated as a
United States person under any applicable U.S. Treasury regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Any reference in the terms of the 2026 Notes to any amounts in respect of the 2026 Notes shall be deemed also to refer to any Additional
Amounts which may be payable under this provision. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:13%; font-size:10pt; font-family:Times New Roman">THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTION <FONT STYLE="white-space:nowrap">5-1401</FONT> OF THE NEW YORK GENERAL OBLIGATIONS LAW. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[FORM OF SCHEDULE FOR ENDORSEMENTS ON REGISTERED </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">GLOBAL SECURITIES TO REFLECT CHANGES IN PRINCIPAL AMOUNT] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule A </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Changes to Principal
Amount of Registered Global Securities </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="29%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD>

<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Principal Amount</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">of Notes</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">by which this Registered
Global</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Security is to be</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Reduced
or Increased,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">and Reason for</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Reduction or Increase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Remaining Principal</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Amount of this</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Registered</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Global Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Notation&nbsp;Made&nbsp;By</P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">B-1-10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>ANNEX C </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Pursuant to Section&nbsp;2.3 of the Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), between PayPal Holdings, Inc.,
a Delaware corporation (the &#147;Issuer&#148;), and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the &#147;Trustee&#148;), the terms of a series of Securities to be issued pursuant to the
Indenture are as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Designation</U>. The designation of the securities is &#147;1.240% Notes due 2028&#148; (the &#147;2028
Notes&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Initial Aggregate Principal Amount</U>. The 2028 Notes shall be limited in initial aggregate principal
amount to &yen;37,000,000,000 (except for 2028 Notes authenticated and delivered upon registration of transfer or exchange in accordance with the Indenture or this <U>Annex C</U> (this &#147;Annex&#148;)). </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Currency Denomination</U>. The 2028 Notes shall be denominated in yen. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Maturity</U>. The date on which the principal of the 2028 Notes is payable is June&nbsp;9, 2028.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Rate of Interest; Interest Payment Date; Regular Record Dates</U>. Each 2028 Note shall bear interest from
June&nbsp;9, 2023 at 1.240% per annum until the principal thereof is paid. Such interest shall be payable semi-annually in arrears on June&nbsp;9 and December&nbsp;9 of each year, commencing on December&nbsp;9, 2023, to the Persons in whose names
the 2028 Notes are registered at the close of business on the immediately preceding May&nbsp;25 and November&nbsp;25, respectively (whether or not such record date is a Business Day). Interest on the 2028 Notes shall accrue from the most recent date
to which interest has been paid or, if no interest has been paid, from June&nbsp;9, 2023. Interest on the 2028 Notes shall be computed on the basis of a <FONT STYLE="white-space:nowrap">360-day</FONT> year composed of twelve <FONT
STYLE="white-space:nowrap">30-day</FONT> months. In the event that any date on which principal, premium, if any, or interest is payable on the 2028 Notes is not a Business Day, then payment of the principal, premium, if any, or interest payable on
such date will be made on the next succeeding day that is a Business Day (and no additional interest shall accrue as a result of such delay in payment). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Place of Payment</U>. Principal of, premium, if any, and interest on the 2028 Notes shall be payable by wire
transfer to the account of the Depositary or its nominee, in accordance with the Applicable Procedures. In order to provide for all payments due on the 2028 Notes as the same shall become due, the Issuer shall cause to be paid to the paying agent,
no later than 10:00 a.m. London time one Business Day prior to such payment date, at such bank as the paying agent shall previously have notified to the Issuer, in immediately available funds sufficient to meet all payments due on the 2028 Notes.
The first paragraph of Section&nbsp;3.2 of the Indenture is not applicable for the 2028 Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">7.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Redemption for Tax Reasons</U>. If, as a result of any change in, or amendment to, the laws (or any
regulations or rulings promulgated under the laws) of the United States (or any political subdivision of or taxing authority in the United States), or any change in, or amendment to, an official position regarding the application or interpretation
of such laws, regulations or rulings (including a holding by a court </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">
of competent jurisdiction in the United States), which change or amendment is announced or becomes effective on or after June&nbsp;2, 2023, the Issuer becomes or, based upon a written opinion of
independent counsel selected by the Issuer, there is a substantial probability that the Issuer will become, obligated to pay Additional Amounts (as described in Section&nbsp;16 below), with respect to the 2028 Notes, then the Issuer may at any time
at its option redeem the 2028 Notes, in whole but not in part, at a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the 2028 Notes being redeemed to, but excluding, the date fixed for
redemption. The Issuer must give the Holders of the 2028 Notes notice of any redemption of the 2028 Notes not less than 10 days nor more than 60 days before the date fixed for redemption. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">8.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Change of Control Repurchase Event</U>. If a Change of Control Repurchase Event occurs, unless the Issuer
has previously exercised its right to redeem the 2028 Notes in whole as described in Section&nbsp;7 above, the Issuer will be required to make an offer to each Holder of 2028 Notes to repurchase all or any part (in minimum denominations of
&yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof) of such Holder&#146;s 2028 Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of 2028 Notes repurchased plus any accrued and unpaid
interest, if any, on the 2028 Notes repurchased to, but not including, the date of such repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Issuer&#146;s option, prior to any Change of Control, but after the public
announcement of an impending Change of Control, the Issuer will send a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and
offering to repurchase 2028 Notes on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is sent (the &#147;Change of Control Payment Date&#148;). The notice shall,
if sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Issuer will comply with the requirements of Rule <FONT STYLE="white-space:nowrap">14e-1</FONT> 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 2028 Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any
securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the 2028 Notes, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations
under the Change of Control Repurchase Event provisions of the 2028 Notes by virtue of such conflict. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">On the Change of Control Payment
Date, the Issuer will be required, to the extent lawful, to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">accept for payment all 2028 Notes or portions of 2028 Notes (in minimum denominations of &yen;100,000,000 and
integral multiples of &yen;10,000,000 in excess thereof) properly tendered pursuant to the Issuer&#146;s offer; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposit with the paying agent, no later than 11:00 a.m., London time one Business Day prior to such payment
date, an amount equal to the aggregate purchase price in respect of all 2028 Notes or portions of 2028 Notes properly tendered; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deliver or cause to be delivered to the Trustee for cancellation the 2028 Notes properly accepted, together
with an Officer&#146;s Certificate stating the aggregate principal amount of 2028 Notes being repurchased by the Issuer. </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The paying agent will promptly mail (or, in the case of 2028 Notes held in book- entry form, transmit electronically) to each Holder of 2028
Notes properly tendered the repurchase price for such 2028 Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new 2028 Note equal in principal amount to any unrepurchased portion of
any 2028 Notes surrendered; <I>provided</I>, that each new 2028 Note will be in minimum denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Issuer will not be required to make an offer to repurchase the 2028 Notes upon a Change of Control Repurchase 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 Issuer pursuant to this Section&nbsp;8 and the third party repurchases all 2028 Notes properly tendered and not withdrawn under its
offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer pursuant to this Section&nbsp;8. In addition, the Issuer will not be required to, and the Issuer will not, make an offer to
repurchase any 2028 Notes upon a Change of Control Repurchase Event if there has occurred and is continuing on the Change of Control Payment Date an Event of Default with respect to the 2028 Notes. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">If Holders of not less than 90% in aggregate principal amount of the 2028 Notes then outstanding validly tender and do not withdraw such 2028
Notes in an offer to repurchase the 2028 Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making such an offer in lieu of the Issuer as described above, purchases all of such 2028 Notes properly tendered and not
withdrawn by such Holders, the Issuer or such third party will have the right, upon not less than 10 days&#146; nor more than 60 days&#146; prior notice (provided, that such notice is given not more than 60 days following such repurchase pursuant to
the offer to repurchase the notes upon a Change of Control Repurchase Event described above) to redeem all 2028 Notes that remain outstanding following such purchase on a date specified in such notice (the &#147;Second Change of Control Payment
Date&#148;) and at a price in cash equal to 101% of the aggregate principal amount of the 2028 Notes repurchased plus accrued and unpaid interest, if any, on the 2028 Notes repurchased to, but excluding, the Second Change of Control Payment Date.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Below Investment Grade Rating Event&#148; means the 2028 Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period following
public notice of the occurrence of the Change of Control (which <FONT STYLE="white-space:nowrap">60-day</FONT> period shall be extended so long as the rating of the 2028 Notes is under publicly announced consideration for possible downgrade by any
of the Rating Agencies). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control&#148; means the occurrence of any of the following: (1)&nbsp;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 Issuer and its Subsidiaries, taken as a whole,
to any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than the Issuer or one of its Subsidiaries; (2)&nbsp;the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares or voting power of
the Issuer&#146;s Voting Equity Interests; (3)&nbsp;the adoption of a plan by the Issuer&#146;s board of directors relating to the Issuer&#146;s liquidation or dissolution; or (4)&nbsp;the Issuer consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the Issuer&#146;s outstanding Voting Equity Interests or the outstanding Voting Equity Interests 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 Issuer&#146;s Voting Equity Interests outstanding immediately prior to such transaction constitute, or are
converted into or exchanged for, a majority of the Voting Equity Interests of the surviving Person or parent entity thereof immediately after giving effect to such transaction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, a transaction will not be deemed to result in a Change of Control if (a)&nbsp;the Issuer becomes a wholly-owned
Subsidiary of another Person and (b)&nbsp;immediately following that transaction, a majority of Voting Equity Interests of such Person is held by the direct or indirect holders of the Issuer&#146;s Voting Equity Interests immediately prior to such
transaction and in substantially the same proportions as immediately prior to such transaction. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control Repurchase
Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Fitch&#148; means Fitch
Inc., a subsidiary of Fimalac, S.A. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Investment Grade Rating&#148; means a rating equal to or higher than <FONT
STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by Fitch, <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by S&amp;P and Baa3 (or the equivalent) by Moody&#146;s. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc., a subsidiary of Moody&#146;s Corporation, and its successors. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Rating Agencies&#148; means (1)&nbsp;each of Fitch, S&amp;P and Moody&#146;s; and (2)&nbsp;if any of Fitch, S&amp;P or Moody&#146;s
ceases to rate the 2028 Notes or fails to make a rating of the 2028 Notes publicly available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of
Section&nbsp;3(a)(62) under the Exchange Act, selected by the Issuer as a replacement agency for Fitch, S&amp;P or Moody&#146;s, or some or all of them, as the case may be. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of
The McGraw- Hill Companies, Inc. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">9.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Mandatory Redemption</U>. Other than with respect to a Change of Control Repurchase Event as described
above, the 2028 Notes are not mandatorily redeemable. The 2028 Notes are not entitled to the benefit of a sinking fund or any analogous provisions. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">10.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Denominations</U>. The 2028 Notes shall be issued initially in minimum denominations of &yen;100,000,000 and
integral multiples of &yen;10,000,000 in excess thereof. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">11.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Amount Payable Upon Acceleration</U>. The principal of the 2028 Notes shall be payable upon declaration of
acceleration pursuant to Section&nbsp;5.1 of the Indenture. The 2028 Notes shall not be Original Issue Discount Securities within the meaning of the Indenture. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">12.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency</U>. Principal and interest on the 2028 Notes, including payments made upon any redemption
of the 2028 Notes, shall be payable in yen, except as noted in Section&nbsp;13 below. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">13.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency &#150; Election</U>.&nbsp;If yen is unavailable to the Issuer due to the imposition of
exchange controls or other circumstances beyond the Issuer&#146;s control, then all payments in respect of the Notes will be made in U.S. dollars until the yen is again available to the Issuer or so used.</P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">14.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Payment Currency &#150; Index</U>. The amount payable on any date in yen will be converted into U.S. dollars
at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of
the then most recent U.S. dollar/yen exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate
will be determined by the Issuer in its sole discretion on the basis of the most recently available market exchange rate for yen.&nbsp;Any payment in respect of the Notes so made in U.S. dollars will not constitute an event of default under the
Notes or the Indenture.&nbsp;Neither the Trustee nor the paying agent will have any responsibility for any calculation or conversion in connection with the foregoing. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">15.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registered Securities</U>. The 2028 Notes shall be issued only as Registered Securities. The 2028 Notes
shall initially be issuable as Registered Global Securities and registered in the name of the nominee of the common depositary for the accounts of Euroclear Bank S.A./N.V. and Clearstream Banking, soci&eacute;t&eacute; anonyme, subject to
Section&nbsp;2.8 of the Indenture. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">16.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Additional Amounts</U>. (a)&nbsp;All payments of principal and interest in respect of the 2028 Notes will be
made free and clear of, and without deduction or withholding for or on account of any present or future taxes, duties, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any
political subdivision or taxing authority of or in the United States (collectively, &#147;Taxes&#148;), unless such withholding or deduction is required by law or the official interpretation or administration thereof. (b)&nbsp;In the event any
withholding or deduction on payments in respect of the 2028 Notes for or on account of any present or future tax, assessment or other governmental charge is required to be deducted or withheld by the United States or any political subdivision or
taxing authority thereof or therein, the Issuer will pay such additional amounts (the &#147;Additional Amounts&#148;) on the 2028 Notes as will result in receipt by each beneficial owner of such note that is not a U.S. Person (as defined below) of
such amounts (after all such withholding or deduction, including on any Additional Amounts) as would have been received by such beneficial owner had no such withholding or deduction been required. (c)&nbsp;The Issuer will not be required, however,
to make any payment of Additional Amounts for or on account of: (i)&nbsp;any tax, assessment or other governmental charge that would not have been imposed but for (1)&nbsp;the existence of any present or former connection (other than a connection
arising solely from the ownership of those 2028 Notes or the receipt of payments in respect of those 2028 Notes) between a Holder of a 2028 Note (or the beneficial owner for whose benefit such Holder holds such 2028 Note), or between a fiduciary,
settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner (if that Holder or beneficial owner is an estate, trust, partnership or corporation) and the United States, including that Holder or
beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the United States or being or having been engaged in trade or business or present in
the United States or having had a permanent establishment in the United States or (2)&nbsp;the presentation of a 2028 Note for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date
on which payment is duly provided for; (ii)&nbsp;any estate, inheritance, gift, sales, transfer, capital gains, excise, personal property, wealth or similar tax, assessment or other governmental charge; (iii)&nbsp;any tax, assessment or other
governmental charge imposed by reason of the beneficial owner&#146;s past or present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to
the United States or as a corporation that accumulates earnings to avoid U.S. federal income tax; (iv)&nbsp;any tax, assessment or other governmental charge which is payable by any method other than withholding or deducting from payment of principal
of or premium, if any, or interest on such 2028 Notes; (v)&nbsp;any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of and premium, if any, or interest on any 2028 Note if that
payment can be made without withholding by any other paying agent; (vi)&nbsp;any tax, assessment or other governmental charge which would not have been imposed but for the failure of a beneficial owner or any Holder of 2028 Notes to comply with the
Issuer&#146;s request or a request of the Issuer&#146;s agent to satisfy certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with
</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">
the United States of the beneficial owner or any Holder of the 2028 Notes that such beneficial owner or Holder is legally able to deliver (including, but not limited to, the requirement to
provide an applicable Internal Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax
treaty); (vii) any tax, assessment or other governmental charge imposed on interest received by (1)&nbsp;a <FONT STYLE="white-space:nowrap">10-percent</FONT> shareholder (as defined in Section&nbsp;871(h)(3)(B) of the U.S. Internal Revenue Code of
1986, as amended (the &#147;Code&#148;), and the U.S. Treasury regulations that may be promulgated thereunder) of the Issuer, (2)&nbsp;a controlled foreign corporation that is related to the Issuer within the meaning of Section&nbsp;864(d)(4) of the
Code or (3)&nbsp;a bank receiving interest described in Section&nbsp;881(c)(3)(A) of the Code, to the extent such tax, assessment or other governmental charge would not have been imposed but for the beneficial owner&#146;s status as described in
clauses (1)&nbsp;through (3) of this paragraph (vii); (viii) any tax, assessment or other governmental charge required to be withheld or deducted under Sections 1471 through 1474 of the Code (or any amended or successor version of such Sections)
(&#147;FATCA&#148;), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or any law, regulation or other official guidance enacted in any jurisdiction
implementing FATCA or an intergovernmental agreement in respect of FATCA; or (ix)&nbsp;any combination of items (i), (ii), (iii), (iv), (v), (vi), (vii) and (viii); nor will the Issuer pay any Additional Amounts to any beneficial owner or Holder of
2028 Notes who is a fiduciary or partnership (including any entity treated as a partnership for U.S. federal income tax purposes) to the extent that a beneficiary or settlor with respect to that fiduciary or a member of that partnership or a
beneficial owner thereof would not have been entitled to the payment of those Additional Amounts had that beneficiary, settlor, member or beneficial owner been the beneficial owner of those notes. (d)&nbsp;As used in the preceding paragraph,
&#147;U.S. Person&#148; means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state
of the United States or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable U.S. Treasury regulations), or any estate or trust the income of which is subject to United States federal
income taxation regardless of its source. (e)&nbsp;Any reference in the terms of the 2028 Notes to any amounts in respect of the 2028 Notes shall be deemed also to refer to any Additional Amounts which may be payable under this provision. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">17.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Definitive Certificates</U>. Section&nbsp;2.8 of the Indenture will govern the transferability of the 2028
Notes in definitive form. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">18.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registrar; Paying Agent; Depositary</U>. Elavon Financial Services DAC will serve as the Registrar and
Transfer Agent and Elavon Financial Services DAC, UK Branch will serve as Paying Agent for the 2028 Notes.&nbsp;Elavon Financial Services DAC will initially serve as the Depositary for the 2028 Notes. Notwithstanding the foregoing, upon notice to
the Trustee, the Issuer may change the paying agent, registrar or transfer agent. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">19.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Events of Default.</U> In addition to the Events of Default set forth in Section&nbsp;5.1 of the Indenture,
the failure by the Issuer to repurchase 2028 Notes tendered for repurchase following the occurrence of a Change of Control Repurchase Event in conformity with the covenant set forth in Section&nbsp;8 hereof is an Event of Default with respect to the
2028 Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">20.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Covenants</U>. There shall be the following additions to the covenants of the Issuer set forth in Article
III of the Indenture with respect to the 2028 Notes: </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Limitation on Liens</I>. The Issuer covenants that, so long as any of the 2028
Notes remain outstanding, it shall not, nor shall it permit any of its Restricted Subsidiaries to, create or assume any mortgage, pledge, security interest, lien, charge or encumbrance of any kind (each, a &#147;Lien&#148;) on (a)&nbsp;any Principal
Property or (b)&nbsp;any capital stock or Indebtedness of any of the Issuer&#146;s Restricted Subsidiaries (together, &#147;Property&#148;), in each case whether now owned or hereafter acquired, in order to secure any Indebtedness, without
effectively providing that the 2028 Notes shall be secured by a Lien ranking equal to and ratably with (or, at the Issuer&#146;s option, senior to) such secured Indebtedness until such time as such Indebtedness is no longer secured by such Lien,
except that the foregoing restriction shall not apply to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens existing on the date of the initial issuance of the 2028 Notes (other than any additional 2028 Notes) or
that the Issuer or any of its Restricted Subsidiaries have agreed to pursuant to the terms of agreements existing on the date of the initial issuance of the 2028 Notes (other than any additional 2028 Notes); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens created or incurred after the date of the initial issuance of the 2028 Notes (other than any additional
2028 Notes) created in favor of the holders of the 2028 Notes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens in favor of the Issuer or one of its Subsidiaries; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">(i) Liens given to secure (or to secure Indebtedness incurred or guaranteed by the Issuer or any of its
Restricted Subsidiaries for the purpose of financing) the payment of all or any portion of the purchase price for the acquisition (including acquisition through merger or consolidation or the acquisition of a Person directly or indirectly owning
such property) of any Property, including capital lease or purchase money transactions in connection with any such acquisition, or all or any portion of the cost of refurbishment, improvement, expansion, renovation, development or construction of
any Property; <I>provided </I>that with respect to this clause (i), the Liens shall be given prior to, at the time of or within 12 months after such acquisition, or completion of such refurbishment, improvement, expansion, renovation, development or
construction, or the full operation of such Property, whichever is latest, and shall attach solely to such Property (including any refurbishments, improvements, expansions, renovations, development or construction thereof or then or thereafter
placed thereon) and any proceeds thereof; and (ii)&nbsp;Liens existing on all or any portion of any Property at the time of acquisition thereof (including acquisition through merger or consolidation or the acquisition of a Person then directly or
indirectly owning such property) whether or not such existing Liens were given to secure (or to secure Indebtedness incurred or guaranteed by the Issuer or any of its Restricted Subsidiaries for the purpose of financing) the payment of the purchase
price of such Property; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens on any Property in favor of the United States of America or any state thereof, or in favor of any other
country, or any political subdivision, department, agency or instrumentality thereof to secure progress or other payments pursuant to any contract or statute or to secure Indebtedness incurred or guaranteed for the purpose of financing all or any
portion of the cost of acquiring, refurbishing, improving, expanding, renovating, developing or constructing such Property, including Liens incurred in connection with pollution control, industrial revenue or similar financing;
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(f)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">statutory or legislative Liens or other similar Liens (including pledges, deposits, carriers&#146;,
warehousemen&#146;s, mechanics&#146;, materialmen&#146;s, repairmen&#146;s and other like Liens imposed by law) arising in the ordinary course of the Issuer or any of its Restricted Subsidiaries&#146; business, or Liens arising out of government
contracts; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(g)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens in connection with legal proceedings, including Liens arising out of judgments or awards, in each case so
long as such Lien is adequately bonded and any appropriate legal proceedings that may have been initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be
initiated shall not have expired; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(h)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens for taxes or assessments, landlord&#146;s Liens and Liens and charges, in each case (i)&nbsp;not yet due
or payable or subject to penalties for <FONT STYLE="white-space:nowrap">non-payment</FONT> or which the Issuer is contesting in good faith by appropriate proceedings and (ii)&nbsp;incidental to the conduct of the business or the ownership of the
Issuer&#146;s assets or those of a Restricted Subsidiary; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens incurred in connection with an acquisition of assets or a project financed on a <FONT
STYLE="white-space:nowrap">non-</FONT> recourse basis; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(j)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(k)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">easements, zoning restrictions,
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">rights-of-way</FONT></FONT> and similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do
not materially detract from the value of the affected property or interfere with the ordinary conduct of the Issuer&#146;s business; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(l)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens securing obligations arising under or related to (a)&nbsp;the transfer of cash or other property with
respect to any credit or debit card charge, check or other instrument, electronic funds transfer, or other type of paper-based or electronic payment, transfer, or charge transaction for which a Person acts as a processor, remitter, funds recipient
or funds transmitter in the ordinary course of its business (each such transaction, a &#147;Settlement&#148;) and (b)&nbsp;any payment or reimbursement obligation in respect of the transfer, or contractual undertaking (including by automated
clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement (including, for the avoidance of doubt, any agreement with a bank or financial institution providing for short term financing for the purpose of
funding any Settlement); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(m)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Liens securing securitized indebtedness and receivables factoring, discounting, facilities or securitizations;
and </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(n)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any extensions, renewals or replacements of any Lien referred to in clauses (a)&nbsp;through (m) without
increase of the principal of the Indebtedness secured by such Lien (except to the extent of any fees or other costs associated with any such extension, renewal or replacement); <I>provided</I>, <I>however</I>, that any Liens permitted by any of
clauses (a)&nbsp;through (m) shall not extend to or cover any of the Issuer&#146;s property or the property of any of its Subsidiaries, as the case may be, other than the property specified in such clauses and improvements to such property.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the foregoing, the Issuer or any of its Restricted Subsidiaries may, without equally and ratably
securing the 2028 Notes, create or incur Liens which would otherwise be subject to the restrictions set forth in the preceding paragraph, if after giving effect thereto and to the retirement of any Indebtedness that is being retired substantially
concurrently, Aggregate Debt does not exceed the greater of (1) 20% of the Issuer&#146;s Consolidated Net Tangible Assets on a consolidated basis calculated as of the date of the creation or incurrence of the Lien and (2) $3.5&nbsp;billion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Limitation on Sale and Leaseback Transactions</I>. The Issuer covenants that, so long as any of the 2028 Notes remain outstanding, it shall not, nor shall
it permit any of its Restricted Subsidiaries to, enter into any arrangement with any Person providing for the leasing by the Issuer or any of its Restricted Subsidiaries of any Principal Property, whether now owned or hereafter acquired, that has
been or is to be sold or transferred by the Issuer or such Restricted Subsidiary to such Person with the intention of taking back a lease of such Principal Property, a &#147;sale and leaseback transaction,&#148; unless: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction was entered into prior to the date of the initial issuance of the 2028 Notes (other than any
additional 2028 Notes) or any extension, renewal, refinancing, replacement, amendment or modification of such transaction so long as the affected Principal Property is substantially the same as or similar in nature to the Principal Property subject
to the sale and leaseback transaction extended, renewed, refinanced, replaced, amended or modified; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction was for the sale and leasing back to the Issuer or any of its wholly- owned Subsidiaries of
any Principal Property by one of the Issuer&#146;s Restricted Subsidiaries; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">such transaction involves a lease for not more than three years (or which may be terminated by the Issuer or
its Restricted Subsidiaries within a period of not more than three years); </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Issuer would be entitled to incur Indebtedness secured by a Lien with respect to such sale and leaseback
transaction without equally and ratably securing the 2028 Notes pursuant to the first paragraph of the &#147;&#151;Limitation on Liens&#148; covenant described above; or </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">the Issuer or any of its Restricted Subsidiaries applies an amount equal to the net proceeds from the sale of
such Principal Property to the purchase of other property or assets used or useful in its business (including the purchase or development of other Principal Property) or to the retirement of Indebtedness that is pari passu with the 2028 Notes
(including the 2028 Notes) within 365 days before or after the effective date of any such sale and leaseback transaction, provided that, in lieu of applying such amount to the retirement of pari passu Indebtedness, the Issuer may deliver 2028 Notes
to the Trustee for cancellation, such 2028 Notes to be credited at the cost thereof. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-10 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the restrictions set forth in the preceding paragraph, the Issuer or any of
its Restricted Subsidiaries may enter into any sale and leaseback transaction which would otherwise be subject to the foregoing restrictions, if after giving effect thereto Aggregate Debt does not exceed the greater of (1) 20% of the Issuer&#146;s
Consolidated Net Tangible Assets on a consolidated basis calculated as of the relevant date of determination and (2) $3.5&nbsp;billion. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Aggregate Debt&#148; means the sum of the following, as of the date of determination: (1)&nbsp;the aggregate principal amount of the
Issuer&#146;s and its Restricted Subsidiaries&#146; Indebtedness incurred after the date of initial issuance of the 2028 Notes and secured by Liens not permitted by the first paragraph under &#147;&#151;Limitation on Liens&#148; above and
(2)&nbsp;the Issuer&#146;s and its Restricted Subsidiaries&#146; Attributable Debt in respect of sale and leaseback transactions entered into after the date of the initial issuance of the 2028 Notes pursuant to the second paragraph of
&#147;&#151;Limitation on Sale and Leaseback Transactions&#148; above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Attributable Debt&#148; means, with respect to any sale and
leaseback transaction, at the time of determination, the lesser of (1)&nbsp;the fair market value of such Principal Property as determined in good faith by the Issuer&#146;s board of directors, and (2)&nbsp;the total obligation (discounted to the
present value at the implicit interest factor, determined in accordance with GAAP, included in the rental payments) of the lessee for rental payments (other than amounts required to be paid on account of property taxes as well as maintenance,
repairs, insurance, water rates and other items which do not constitute payments for property rights) during the remaining portion of the base term of the lease included in such transaction. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Consolidated Net Tangible Assets&#148; means, as of any date of determination, the aggregate amount of assets after deducting therefrom:
(1)&nbsp;all current liabilities, except for notes and loans payable, current maturities of long-term debt, current portion of convertible securities, current portion of deferred revenue and obligations under capital leases; and (2)&nbsp;intangible
assets to the extent included in the aggregate amount of assets, net of applicable reserves and any amortized amounts, all as reflected on the Issuer&#146;s most recent consolidated balance sheet prepared in accordance with GAAP. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;GAAP&#148; means accounting principles generally accepted in the United States of America, which are in effect as of the date of
application thereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Indebtedness&#148; of any specified Person means, without duplication, indebtedness of such Person for borrowed
money (including, without limitation, indebtedness for borrowed money evidenced by notes, bonds, debentures or similar instruments). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Principal Property&#148; means any single parcel of real property or any permanent improvement thereon (1)&nbsp;owned by the Issuer or
any of its Restricted Subsidiaries located in the United States, including the Issuer&#146;s principal corporate office, any other offices or data centers or any portion thereof and (2)&nbsp;having a book value, as of the date of determination, in
excess of 3% of the Issuer&#146;s Consolidated Net Tangible Assets. Principal Property does not include any property that the Issuer&#146;s board of directors has determined not to be of material importance to the business conducted by the
Issuer&#146;s Subsidiaries and the Issuer, taken as a whole. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-11 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;Restricted Subsidiary&#148; means any subsidiary of the Issuer that constitutes a
&#147;significant subsidiary&#148; (as such term is defined in Regulation <FONT STYLE="white-space:nowrap">S-X,</FONT> promulgated pursuant to the Securities Act), excluding (a)&nbsp;any subsidiary which is not organized under the laws of any state
of the United States of America, (b)&nbsp;any subsidiary which conducts the major portion of its business outside the United States of America and (c)&nbsp;any subsidiary of any of the foregoing. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">21.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Conversion and Exchange</U>. The 2028 Notes shall not be convertible into or exchangeable for any other
security. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">22.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Additional Issues</U>. The Issuer may, without notice to or the consent of the Holders of the 2028 Notes,
create and issue additional 2028 Notes with the same terms as the 2028 Notes issued on June&nbsp;9, 2023 (the &#147;Initial 2028 Notes&#148;), except for the issue date, the offering price and, under certain circumstances, the first interest payment
date. Such additional 2028 Notes shall be consolidated and form a single series with the Initial 2028 Notes; <I>provided </I>that if such additional 2028 Notes are not fungible with the Initial 2028 Notes for U.S. federal income tax purposes, such
additional 2028 Notes will have one or more separate Common Code/ISIN numbers. No additional 2028 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2028 Notes. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">23.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Definitions</U>. Capitalized terms used but not otherwise defined in this Annex shall have the respective
meanings ascribed to such terms in the Indenture. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">As used herein, the following term has the specified meaning: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;Business Day&#148; means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in the Borough of
Manhattan, The City of New York, London or Tokyo are authorized or required by law, regulation or executive order to close and that is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET
system), or any successor or replacement for that system, operates. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">&#147;yen&#148; and &#147;&yen;&#148; means the lawful currency of
Japan. </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">24.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Other Terms</U>. The 2028 Notes shall have the other terms and shall be substantially in the form set forth
in the form of the 2028 Notes attached hereto as Annex <FONT STYLE="white-space:nowrap">C-1.</FONT> In case of any conflict between this Annex or the form of the 2028 Notes and the Indenture, this Annex or the form of the 2028 Notes shall control,
as applicable. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-12 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>ANNEX <FONT STYLE="white-space:nowrap">C-1</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FORM OF 2028 NOTE </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (&#147;EUROCLEAR&#148;), AND CLEARSTREAM BANKING S.A., LUXEMBOURG (&#147;CLEARSTREAM&#148; AND, TOGETHER WITH EUROCLEAR,
&#147;EUROCLEAR/CLEARSTREAM&#148;), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF USB NOMINEES (UK) LIMITED OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED, OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">REGISTERED </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">THIS NOTE IS A REGISTERED GLOBAL
SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE REGISTERED FORM,
THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR
DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="35%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">No. <FONT STYLE="white-space:nowrap">R-C1</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">COMMON CODE NO. 263423437</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">ISIN NO. XS2634234376</TD></TR>
</TABLE> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PAYPAL HOLDINGS, INC. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1.240% Notes due 2028 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">PayPal
Holdings, Inc., a Delaware corporation (the &#147;Issuer,&#148; which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to USB Nominees (UK) Limited, or registered
assigns, the principal sum of Thirty Seven Billion Yen (&yen;37,000,000,000) on June&nbsp;9, 2028 and to pay interest on said principal sum from June&nbsp;9, 2023, or from the most recent interest payment date to which interest has been paid or duly
provided for, semi-annually in arrears on June&nbsp;9 and December&nbsp;9 (each such date, an &#147;Interest Payment Date&#148;) of each year commencing on December&nbsp;9, 2023, at the rate of 1.240% per annum until the principal hereof shall have
become due and payable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The amount of interest payable on any Interest Payment Date shall be computed on the basis of a <FONT
STYLE="white-space:nowrap">360-day</FONT> year composed of twelve <FONT STYLE="white-space:nowrap">30-day</FONT> months. In the event that any date on which the principal or interest payable on this Note is not a Business Day, then payment of
principal or interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of such delay). The interest installment so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture (referred to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-1 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
on the reverse hereof) be paid to the Person in whose name this Note is registered at the close of business on the record date for such interest installment, which shall be the close of business
on the immediately preceding May&nbsp;25 and November&nbsp;25 prior to such Interest Payment Date, as applicable (whether or not such record date is a Business Day). Any such interest installment not punctually paid or duly provided for shall
forthwith cease to be payable to the registered Holders on such record date and may be paid to the Person in whose name this Note is registered at the close of business on a subsequent record date (which shall be not less than five Business Days
prior to the date of payment of such defaulted interest), notice whereof shall be sent by or on behalf of the Issuer to the registered Holders of Notes not less than 15 days preceding such subsequent record date, all as more fully provided in the
Indenture. The principal of and the interest on this Note shall be payable by wire transfer to the account of the Depositary or its nominee in accordance with the Applicable Procedures. In order to provide for all payments due on the 2028 Notes as
the same shall become due, the Issuer shall cause to be paid to the paying agent, no later than 10:00 a.m. London time one Business Day prior to such payment date, at such bank as the paying agent shall previously have notified to the Issuer, in
immediately available funds sufficient to meet all payments due on the 2028 Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Initial Holders will be required to pay for the this
Note in yen, and all payments on this Note will be payable in yen, provided, that if on or after June&nbsp;2, 2023, the yen is unavailable to the Issuer due to the imposition of exchange controls or other circumstances beyond the Issuer&#146;s
control, then all payments in respect of this Note will be made in U.S. dollars until the yen is again available to the Issuer or so used. The amount payable on any date in yen will be converted into U.S. dollars at the rate mandated by the U.S.
Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the most recent U.S. dollar/yen
exchange rate published in The Wall Street Journal on or prior to the second Business Day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the
Issuer&#146;s sole discretion on the basis of the most recently available market exchange rate for the yen. Any payment in respect of this Note so made in U.S. dollars will not constitute an Event of Default under this Note or the Indenture
governing this Note. Neither the Trustee nor the paying agent shall have any responsibility for any calculation or conversion in connection with the foregoing. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;yen&#148; and &#147;&yen;&#148; means the lawful currency of Japan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee (as defined below) under the Indenture (as
defined below), by the manual signature of one of its authorized signatories, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as defined herein, capitalized terms used in this Note which are defined in the Indenture shall have the respective meanings assigned
to them in the Indenture. As used herein, &#147;Business Day&#148; means any day, other than a Saturday or Sunday, that is not a day on which banking institutions in the Borough of Manhattan, The City of New York, London or Tokyo are authorized or
required by law, regulation or executive order to close and that is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer System (the TARGET system), or any successor or replacement for that system, operates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The provisions of this Note are continued on the reverse side hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed, manually or
in facsimile. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="7%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PAYPAL HOLDINGS, INC.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Name:</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Title:</P></TD></TR></TABLE></DIV>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="13%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="86%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">CERTIFICATE OF AUTHENTICATION</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">This is one of the Securities referred to in the within-mentioned Indenture.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">COMPUTERSHARE TRUST COMPANY, N.A., as Trustee</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">By:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Authorized Signatory</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Dated:</TD>
<TD VALIGN="bottom" STYLE=" BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[<I>Signature Page to 2028 Global Note &#150; C1</I>] </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[REVERSE SIDE OF NOTE] </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This Note is one of a duly authorized series of Securities of the Issuer designated as its 1.240% Notes due 2028 (the &#147;Notes&#148;). The
Notes are all issued or to be issued under and pursuant to an Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), duly executed and delivered between the Issuer and Computershare Trust Company, N.A. as successor to Wells
Fargo Bank, National Association, as trustee with respect to the Notes (the &#147;Trustee&#148;), to which the Indenture and the Officer&#146;s Certificate setting forth the terms of the Notes is hereby made for a statement of the respective rights
thereunder of the Issuer, the Trustee and the Holders of the Notes and the terms upon which the Notes are to be authenticated and delivered. The Notes are Senior Securities within the meaning of the Indenture. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Notes are issuable only as Registered Securities in minimum denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in
excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, the Notes are exchangeable for a like aggregate principal amount of Notes as requested by the Holder surrendering the same. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Except as set forth below, this Note is not redeemable. This Note is not entitled to the benefit of a sinking fund or any analogous provision.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If, as a result of any change in, or amendment to, the laws (or any regulations or rulings promulgated under the laws) of the United
States (or any political subdivision of or taxing authority in the United States), or any change in, or amendment to, an 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), which change or amendment is announced or becomes effective on or after June&nbsp;2, 2023, the Issuer becomes or, based upon a written opinion of independent counsel selected by the Issuer,
there is a substantial probability that the Issuer will become, obligated to pay Additional Amounts (as defined below), with respect to the 2028 Notes, then the Issuer may at any time at its option redeem the 2028 Notes, in whole but not in part, at
a redemption price equal to 100% of their principal amount, together with accrued and unpaid interest on the 2028 Notes being redeemed to, but excluding, the date fixed for redemption. The Issuer must give the Holders of the 2028 Notes notice of any
redemption of the 2028 Notes not less than 10 days or more than 60 days before the date fixed for redemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If a Change of Control
Repurchase Event occurs, unless the Issuer has previously exercised its right to redeem the Notes in whole as described above, the Issuer will be required to make an offer to each Holder of Notes to repurchase all or any part (in minimum
denominations of &yen;100,000,000 and integral multiples of &yen;10,000,000 in excess thereof) of such Holder&#146;s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid
interest, if any, on the Notes repurchased to, but not including, the date of such repurchase. Within 30 days following any Change of Control Repurchase Event or, at the Issuer&#146;s option, prior to any Change of Control, but after the public
announcement of an impending Change of Control, the Issuer will send a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and
offering to repurchase Notes on the payment date specified in the notice, which date will be no earlier than 10 days and no later than 60 days from the date such notice is sent (the &#147;Change of Control Payment Date&#148;). The notice shall, if
sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the notice. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Issuer will comply with the requirements of Rule <FONT STYLE="white-space:nowrap">14e-1</FONT> under the Securities Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;), 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
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-4 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the
Notes, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes by virtue of such conflict. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">On the Change of Control Payment Date, the Issuer will be required, to the extent lawful, to: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">accept for payment all Notes or portions of Notes (in minimum denominations of &yen;100,000,000 and integral
multiples of &yen;10,000,000 in excess thereof) properly tendered pursuant to the Issuer&#146;s offer; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deposit with the paying agent, no later than 11:00 a.m., London time one Business Day prior to such payment
date, an amount equal to the aggregate purchase price in respect of all Notes or portions of Notes properly tendered; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">deliver or cause to be delivered to the Trustee for cancellation the Notes properly accepted, together with an
Officer&#146;s Certificate stating the aggregate principal amount of Notes being repurchased by the Issuer. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The paying
agent will promptly mail (or, in the case of Notes held in book-entry form, transmit electronically) to each Holder of Notes properly tendered the repurchase price for such Notes, and the Trustee will promptly authenticate and mail (or cause to be
transferred by book-entry) to each Holder a new Note equal in principal amount to any unrepurchased portion of any Notes surrendered;<I> provided</I>, that each new Note will be in minimum denominations of &yen;100,000,000 and integral multiples of
&yen;10,000,000 in excess thereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The Issuer will not be required to make an offer to repurchase the Notes upon a Change of Control
Repurchase 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 Issuer as set forth herein and the third party repurchases all Notes properly tendered and
not withdrawn under its offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Issuer as set forth herein. In addition, the Issuer will not be required to, and will not, make an offer to
repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default with respect to the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If Holders of not less than 90% in aggregate principal amount of the Notes then outstanding validly tender and do not withdraw such Notes in
an offer to repurchase the Notes upon a Change of Control Repurchase Event and the Issuer, or any third party making such an offer in lieu of the Issuer as described above, purchases all of such Notes properly tendered and not withdrawn by such
Holders, the Issuer or such third party will have the right, upon not less than 10 days&#146; nor more than 60 days&#146; prior notice (provided, that such notice is given not more than 60 days following such repurchase pursuant to the offer to
repurchase the Notes upon a Change of Control Repurchase Event described above) to redeem all Notes that remain outstanding following such purchase on a date specified in such notice (the &#147;Second Change of Control Payment Date&#148;) and at a
price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but excluding, the Second Change of Control Payment Date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-5 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Below Investment Grade Rating Event&#148; means the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of Control until the end of the <FONT STYLE="white-space:nowrap">60-day</FONT> period following
public notice of the occurrence of the Change of Control (which <FONT STYLE="white-space:nowrap">60-day</FONT> 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). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control&#148; means the occurrence of any of the following: (1)&nbsp;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 Issuer and its Subsidiaries, taken as a whole, to
any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) other than the Issuer or one of its Subsidiaries; (2)&nbsp;the consummation of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any &#147;person&#148; (as that term is used in Section&nbsp;13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares or voting power of
the Issuer&#146;s Voting Equity Interests; (3)&nbsp;the adoption of a plan by the Issuer&#146;s board of directors relating to the Issuer&#146;s liquidation or dissolution; or (4)&nbsp;the Issuer consolidates with, or merges with or into, any
Person, or any Person consolidates with, or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the Issuer&#146;s outstanding Voting Equity Interests or the outstanding Voting Equity Interests 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 Issuer&#146;s Voting Equity Interests outstanding immediately prior to such transaction constitute, or are
converted into or exchanged for, a majority of the Voting Equity Interests of the surviving Person or parent entity thereof immediately after giving effect to such transaction. Notwithstanding the foregoing, a transaction will not be deemed to
result in a Change of Control if (a)&nbsp;the Issuer becomes a wholly-owned Subsidiary of another Person and (b)&nbsp;immediately following that transaction, a majority of Voting Equity Interests of such Person is held by the direct or indirect
Holders of the Issuer&#146;s Voting Equity Interests immediately prior to such transaction and in substantially the same proportions as immediately prior to such transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Change of Control Repurchase Event&#148; means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Fitch&#148; means Fitch Inc., a subsidiary of Fimalac, S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Investment Grade Rating&#148; means a rating equal to or higher than <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by
Fitch, <FONT STYLE="white-space:nowrap">BBB-</FONT> (or the equivalent) by S&amp;P and Baa3 (or the equivalent) by Moody&#146;s. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Moody&#146;s&#148; means Moody&#146;s Investors Service, Inc., a subsidiary of Moody&#146;s Corporation, and its successors. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;Rating Agencies&#148; means (1)&nbsp;each of Fitch, S&amp;P and Moody&#146;s; and (2)&nbsp;if any of Fitch, S&amp;P or Moody&#146;s
ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the Issuer&#146;s control, a &#147;nationally recognized statistical rating organization&#148; within the meaning of Section&nbsp;3(a)(62)
under the Exchange Act, selected by the Issuer as a replacement agency for Fitch, S&amp;P or Moody&#146;s, or some or all of them, as the case may be. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">&#147;S&amp;P&#148; means Standard&nbsp;&amp; Poor&#146;s Ratings Services, a division of The McGraw-Hill Companies, Inc. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all the Notes may be declared due and payable
in the manner and with the effect provided in the Indenture. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-6 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and interest on this Note at the time, place and rate, and in the coin or currency, herein prescribed. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note may be registered on the registry
books of the Issuer or the Registrar, upon surrender of this Note for registration of transfer at the office or agency of the Issuer maintained by the Issuer for such purpose, duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Issuer and the Trustee duly executed by, the Holder hereof or by its 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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">No service charge shall be made for any such registration of transfer or exchange,
but the Issuer may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Prior to due presentment of this Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer 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 be overdue, and neither the Issuer, the Trustee nor any such agent shall be affected by notice to the contrary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">All payments of principal and interest in respect of the 2028 Notes will be made free and clear of, and without deduction or withholding for
or on account of any present or future taxes, duties, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any political subdivision or taxing authority of or in the United States
(collectively, &#147;Taxes&#148;), unless such withholding or deduction is required by law or the official interpretation or administration thereof. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In the event any withholding or deduction on payments in respect of the 2028 Notes for or on account of any present or future tax, assessment
or other governmental charge is required to be deducted or withheld by the United States or any political subdivision or taxing authority thereof or therein, the Issuer will pay such additional amounts (the &#147;Additional Amounts&#148;) on the
2028 Notes as will result in receipt by each beneficial owner of such note that is not a U.S. Person (as defined below) of such amounts (after all such withholding or deduction, including on any Additional Amounts) as would have been received by
such beneficial owner had no such withholding or deduction been required. The Issuer will not be required, however, to make any payment of Additional Amounts for or on account of: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge that would not have been imposed but for (1)&nbsp;the
existence of any present or former connection (other than a connection arising solely from the ownership of those 2028 Notes or the receipt of payments in respect of those 2028 Notes) between a Holder of a 2028 Note (or the beneficial owner for
whose benefit such Holder holds such 2028 Note), or between a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner (if that Holder or beneficial owner is an estate, trust,
partnership or corporation) and the United States, including that Holder or beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or treated as a resident of the
United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or (2)&nbsp;the presentation of a 2028 Note for payment on a date more than 30 days after
the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for; </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-7 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any estate, inheritance, gift, sales, transfer, capital gains, excise, personal property, wealth or similar
tax, assessment or other governmental charge; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge imposed by reason of the beneficial owner&#146;s past or
present status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to the United States or as a corporation that accumulates earnings to avoid U.S.
federal income tax; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge which is payable by any method other than withholding or
deducting from payment of principal of or premium, if any, or interest on such 2028 Notes; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment
of principal of and premium, if any, or interest on any 2028 Note if that payment can be made without withholding by any other paying agent; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">f.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge which would not have been imposed but for the failure of a
beneficial owner or any Holder of 2028 Notes to comply with the Issuer&#146;s request or a request of the Issuer&#146;s agent to satisfy certification, information, documentation or other reporting requirements concerning the nationality, residence,
identity or connections with the United States of the beneficial owner or any Holder of the 2028 Notes that such beneficial owner or Holder is legally able to deliver (including, but not limited to, the requirement to provide an applicable Internal
Revenue Service Form <FONT STYLE="white-space:nowrap">W-8,</FONT> or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax treaty);
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">g.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge imposed on interest received by (1)&nbsp;a <FONT
STYLE="white-space:nowrap">10-percent</FONT> shareholder (as defined in Section&nbsp;871(h)(3)(B) of the U.S. Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), and the U.S. Treasury regulations that may be promulgated thereunder) of
the Issuer, (2)&nbsp;a controlled foreign corporation that is related to the Issuer within the meaning of Section&nbsp;864(d)(4) of the Code or (3)&nbsp;a bank receiving interest described in Section&nbsp;881(c)(3)(A) of the Code, to the extent such
tax, assessment or other governmental charge would not have been imposed but for the beneficial owner&#146;s status as described in clauses (1)&nbsp;through (3) of this paragraph (g); </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">h.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any tax, assessment or other governmental charge required to be withheld or deducted under Sections 1471
through 1474 of the Code (or any amended or successor version of such Sections) (&#147;FATCA&#148;), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or
any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA; or </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">i.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">any combination of items (a), (b), (c), (d), (e), (f), (g) and (h); </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-8 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">nor will the Issuer pay any Additional Amounts to any beneficial owner or Holder of 2028 Notes who is a
fiduciary or partnership (including any entity treated as a partnership for U.S. federal income tax purposes) to the extent that a beneficiary or settlor with respect to that fiduciary or a member of that partnership or a beneficial owner thereof
would not have been entitled to the payment of those Additional Amounts had that beneficiary, settlor, member or beneficial owner been the beneficial owner of those notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As used in the preceding paragraph, &#147;U.S. Person&#148; means any individual who is a citizen or resident of the United States for U.S.
federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that is not treated as a
United States person under any applicable U.S. Treasury regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any reference in the terms of the 2028 Notes to any amounts in respect of the 2028 Notes shall be deemed also to refer to any Additional
Amounts which may be payable under this provision. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK, INCLUDING, WITHOUT LIMITATION, SECTION <FONT STYLE="white-space:nowrap">5-1401</FONT> OF THE NEW YORK GENERAL OBLIGATIONS LAW. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-9 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[FORM OF SCHEDULE FOR ENDORSEMENTS ON REGISTERED </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">GLOBAL SECURITIES TO REFLECT CHANGES IN PRINCIPAL AMOUNT] </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Schedule A </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Changes to Principal
Amount of Registered Global Securities </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="9%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="31%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD>

<TD VALIGN="bottom"></TD>
<TD WIDTH="28%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Date</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Principal Amount</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">of Notes</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">by which this Registered
Global</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Security is to be</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Reduced
or Increased,</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">and Reason for</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Reduction or Increase</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Remaining Principal</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Amount of this</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Registered</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Global Security</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center">Notation Made By</P></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">C-1-10 </P>

</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>d495603dex51.htm
<DESCRIPTION>EX-5.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-5.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">S<SMALL>KADDEN</SMALL>, A<SMALL>RPS</SMALL>, S<SMALL>LATE</SMALL>, M<SMALL>EAGHER</SMALL>&nbsp;&amp; F<SMALL>LOM</SMALL> <SMALL>LLP</SMALL>
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ONE MANHATTAN WEST </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NEW YORK,
NY 10001 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TEL: (212) <FONT STYLE="white-space:nowrap">735-3000</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">FAX: (212) <FONT STYLE="white-space:nowrap">735-2000</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">www.skadden.com </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">June&nbsp;9, 2023
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PayPal Holdings, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2211 North First Street </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">San Jose, California 95131 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">PayPal Holdings, Inc. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Registration Statement on Form <FONT STYLE="white-space:nowrap">S-3</FONT> (File No.</U><U></U><U><FONT
STYLE="white-space:nowrap">&nbsp;333-266474)</FONT></U> </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">We have acted as special United States counsel to PayPal Holdings, Inc., a Delaware corporation (the &#147;Company&#148;), in connection with
the public offering by the Company of &yen;30,000,000,000 aggregate principal amount of 0.813% Notes due 2025, &yen;23,000,000,000 aggregate principal amount of 0.972% Notes due 2026 and &yen;37,000,000,000 aggregate principal amount of 1.240% Notes
due 2028 (collectively, the &#147;Notes&#148;) to be issued under the Indenture, dated as of September&nbsp;26, 2019 (the &#147;Indenture&#148;), between the Company and Computershare Trust Company, N.A. as successor to Wells Fargo Bank, National
Association, as trustee (the &#147;Trustee&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">This opinion is being furnished in accordance with the requirements of Item 601(b)(5)
of Regulation <FONT STYLE="white-space:nowrap">S-K</FONT> under the Securities Act of 1933 (the &#147;Securities Act&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In rendering
the opinions stated herein, we have examined and relied upon the following: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) the registration statement on Form S-3 (File
No.&nbsp;333-266474) of the Company relating to debt securities and other securities of the Company filed on August&nbsp;3, 2022 with the Securities and Exchange Commission (the &#147;Commission&#148;) under the Securities Act allowing for delayed
offerings pursuant to Rule 415 of the General Rules and Regulations under the Securities Act (the &#147;Rules and Regulations&#148;), including the information deemed to be a part of the registration statement pursuant to Rule 430B of the Rules and
Regulations (such registration statement being hereinafter referred to as the &#147;Registration Statement&#148;); </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PayPal Holdings, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 9, 2023 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) the prospectus, dated August&nbsp;2, 2022 (the &#147;Base Prospectus&#148;), which forms
a part of and is included in the Registration Statement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) the preliminary prospectus supplement, dated May 26, 2023 (together with the
Base Prospectus, the &#147;Preliminary Prospectus&#148;), relating to the offering of the Notes, in the form filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) the prospectus supplement, dated June&nbsp;2, 2023 (together with the Base Prospectus, the &#147;Prospectus&#148;), relating to the
offering of the Notes, in the form filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) an executed copy
of the Underwriting Agreement, dated June&nbsp;2, 2023 (the &#147;Underwriting Agreement&#148;), among the Company and Mizuho Securities USA LLC, Morgan Stanley&nbsp;&amp; Co. International plc and SMBC Nikko Securities America, Inc., as
representatives of the several Underwriters named therein (the &#147;Underwriters&#148;), relating to the sale by the Company to the Underwriters of the Notes; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) an executed copy of the Indenture; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) an executed copy of a certificate of Gabrielle Rabinovitch, Acting Chief Financial Officer and Senior Vice President, Investor Relations
and Treasurer of the Company, dated the date hereof, setting forth the terms of the Notes; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) the global certificates evidencing the
Notes registered in the name of the nominee of the common depositary for the accounts of Euroclear Bank S.A./N.V. and Clearstream Banking, soci&eacute;t&eacute; anonyme (the &#147;Note Certificates&#148;), delivered by the Company to the Trustee for
authentication and delivery; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i) an executed copy of a certificate of Brian Yamasaki, Vice President, Corporate Legal and Secretary of
the Company, dated the date hereof (the &#147;Secretary&#146;s Certificate&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(j) a copy of the Company&#146;s Restated Certificate
of Incorporation certified by the Secretary of State of the State of Delaware (i)&nbsp;as of September&nbsp;10, 2019, and (ii)&nbsp;as of May&nbsp;17, 2023, and certified pursuant to the Secretary&#146;s Certificate; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(k) a copy of the Company&#146;s Amended and Restated Bylaws (i)&nbsp;in effect as of September&nbsp;26, 2019, and (ii)&nbsp;in effect as of
the date hereof, and certified pursuant to the Secretary&#146;s Certificate; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(l) a copy of certain resolutions of the Board of
Directors of the Company, adopted on September&nbsp;10, 2019, March&nbsp;30, 2022 and June&nbsp;29, 2022, certified pursuant to the Secretary&#146;s Certificate. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such
agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Company and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below.
</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PayPal Holdings, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 9, 2023 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 3
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In our examination, we have assumed the genuineness of all signatures, including electronic
signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or
photocopied copies, and the authenticity of the originals of such copies. As to any facts relevant to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of officers and
other representatives of the Company and others and of public officials, including those in the Secretary&#146;s Certificate and the factual representations and warranties contained in the Underwriting Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">We do not express any opinion with respect to the laws of any jurisdiction other than (i)&nbsp;the laws of the State of New York and
(ii)&nbsp;the General Corporation Law of the State of Delaware (the &#147;DGCL&#148;) (all of the foregoing being referred to as &#147;Opined on Law&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">As used herein, &#147;Transaction Documents&#148; means the Underwriting Agreement, the Indenture and the Note Certificates. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Based upon the foregoing and subject to the qualifications and assumptions stated herein, we are of the opinion that the Note Certificates
have been duly authorized by all requisite corporate action on the part of the Company and duly executed by the Company under the DGCL, and when duly authenticated by the Trustee and issued and delivered by the Company against payment therefor in
accordance with the terms of the Underwriting Agreement and the Indenture, the Note Certificates will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms under the laws of the State
of New York. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The opinions stated herein are subject to the following qualifications: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) we do not express any opinion with respect to the effect on the opinions stated herein of any bankruptcy, insolvency, reorganization,
moratorium, fraudulent transfer, preference and other similar laws or governmental orders affecting creditors&#146; rights generally, and the opinions stated herein are limited by such laws and orders and by general principles of equity (regardless
of whether enforcement is sought in equity or at law); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) we do not express any opinion with respect to any law, rule or regulation that
is applicable to any party to any of the Transaction Documents or the transactions contemplated thereby solely because such law, rule or regulation is part of a regulatory regime applicable to any such party or any of its affiliates as a result of
the specific assets or business operations of such party or such affiliates; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c) except to the extent expressly stated in the opinions
contained herein, we have assumed that each of the Transaction Documents constitutes the valid and binding obligation of each party to such Transaction Document, enforceable against such party in accordance with its terms; </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PayPal Holdings, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 9, 2023 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 4
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(d) we do not express any opinion with respect to the enforceability of any provision
contained in any Transaction Document relating to any indemnification, contribution, <FONT STYLE="white-space:nowrap">non-reliance,</FONT> exculpation, release, limitation or exclusion of remedies, waiver or other provisions having similar effect
that may be contrary to public policy or violative of federal or state securities laws, rules or regulations, or to the extent any such provision purports to, or has the effect of, waiving or altering any statute of limitations; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(e) to the extent that any opinion relates to the enforceability of the choice of New York law and choice of New York forum provisions
contained in any Transaction Document, the opinions stated herein are subject to the qualification that such enforceability may be subject to, in each case, (i)&nbsp;the exceptions and limitations in New York General Obligations Law sections <FONT
STYLE="white-space:nowrap">5-1401</FONT> and <FONT STYLE="white-space:nowrap">5-1402</FONT> and (ii)&nbsp;principles of comity or constitutionality; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(f) we do not express any opinion whether the execution or delivery of any Transaction Document by the Company, or the performance by the
Company of its obligations under any Transaction Document will constitute a violation of, or a default under, any covenant, restriction or provision with respect to financial ratios or tests or any aspect of the financial condition or results of
operations of the Company or any of its subsidiaries;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(g) we do not express any opinion with respect to the enforceability of any
provision contained in any Transaction Document providing for indemnity by any party thereto against any loss in obtaining the currency due to such party under any Transaction Document from a court judgment in another currency; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(h) we have assumed, with your consent, that the choice of Japanese Yen as the currency in which the Notes are denominated does not contravene
any exchange control or other laws of Japan and further we call to your attention that a court may not award a judgment in any currency other than U.S. dollars. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In addition, in rendering the foregoing opinions we have assumed that, at all applicable times: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a) neither the execution and delivery by the Company of the Transaction Documents nor the performance by the Company of its obligations
thereunder, including the issuance and sale of the Notes: (i)&nbsp;constituted or will constitute a violation of, or a default under, any lease, indenture, instrument or other agreement to which the Company or its property is subject (except that we
do not make the assumption set forth in this clause (i)&nbsp;with respect to those agreements or instruments which are listed in the Company&#146;s Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the year ended
December&nbsp;31, 2022), (ii) contravened or will contravene any order or decree of any governmental authority to which the Company or its property is subject, or (iii)&nbsp;violated or will violate any law, rule or regulation to which the Company
or its property is subject (except that we do not make the assumption set forth in this clause (iii)&nbsp;with respect to the Opined on Law); and </P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PayPal Holdings, Inc. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">June 9, 2023 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 5
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b) neither the execution and delivery by the Company of the Transaction Documents nor the
performance by the Company of its obligations thereunder, including the issuance and sale of the Notes, required or will require the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental
authority under any law, rule or regulation of any jurisdiction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">We hereby consent to the reference to our firm under the heading
&#147;Legal Matters&#148; in the Preliminary Prospectus and the Prospectus. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section&nbsp;7 of the Securities Act or the Rules
and Regulations. We also hereby consent to the filing of this opinion with the Commission as an exhibit to the Company&#146;s Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> being filed on the date hereof and incorporated by
reference into the Registration Statement. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any
subsequent changes in applicable laws. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Very truly yours,</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">/s/ Skadden, Arps, Slate Meagher&nbsp;&amp; Flom LLP</P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:2%; text-indent:-2%; font-size:10pt; font-family:Times New Roman">GAN </P>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>pypl-20230609.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20221108.6 -->
<!-- Creation date: 6/9/2023 10:02:50 AM Eastern Time -->
<!-- Copyright (c) 2023 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<xsd:schema
  xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric"
  xmlns:num="http://www.xbrl.org/dtr/type/numeric"
  xmlns:us-types="http://fasb.org/us-types/2022"
  xmlns:pypl="http://www.paypal.com/20230609"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
  attributeFormDefault="unqualified"
  elementFormDefault="qualified"
  targetNamespace="http://www.paypal.com/20230609"
  xmlns:xsd="http://www.w3.org/2001/XMLSchema">
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/instance" />
    <xsd:import schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" namespace="http://www.xbrl.org/2003/linkbase" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/dei/2022/dei-2022.xsd" namespace="http://xbrl.sec.gov/dei/2022" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/numeric" />
    <xsd:import schemaLocation="http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd" namespace="http://www.xbrl.org/dtr/type/non-numeric" />
    <xsd:import schemaLocation="https://xbrl.sec.gov/naics/2022/naics-2022.xsd" namespace="http://xbrl.sec.gov/naics/2022" />
    <xsd:import schemaLocation="http://www.xbrl.org/2005/xbrldt-2005.xsd" namespace="http://xbrl.org/2005/xbrldt" />
  <xsd:annotation>
    <xsd:appinfo>
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="pypl-20230609_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:title="Label Links, all" xlink:type="simple" />
      <link:linkbaseRef xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:href="pypl-20230609_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:title="Presentation Links, all" xlink:type="simple" />
      <link:roleType roleURI="http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation" id="Role_DocumentDocumentAndEntityInformation">
        <link:definition>100000 - Document - Document and Entity Information</link:definition>
        <link:usedOn>link:calculationLink</link:usedOn>
        <link:usedOn>link:presentationLink</link:usedOn>
        <link:usedOn>link:definitionLink</link:usedOn>
      </link:roleType>
    </xsd:appinfo>
  </xsd:annotation>
</xsd:schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>pypl-20230609_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20221108.6 -->
<!-- Creation date: 6/9/2023 10:02:50 AM Eastern Time -->
<!-- Copyright (c) 2023 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Cover [Abstract]</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CoverAbstract_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Cover [Abstract]</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Amendment Flag</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_AmendmentFlag_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Amendment Flag</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Central Index Key</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityCentralIndexKey_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Central Index Key</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Type</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentType_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Type</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Document Period End Date</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_DocumentPeriodEndDate_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Document Period End Date</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Registrant Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityRegistrantName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Registrant Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Incorporation State Country Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Incorporation State Country Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity File Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityFileNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity File Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Tax Identification Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Tax Identification Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Address Line One</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Address Line One</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, City or Town</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressCityOrTown_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, City or Town</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, State or Province</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressStateOrProvince_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, State or Province</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Address, Postal Zip Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityAddressPostalZipCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">City Area Code</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_CityAreaCode_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">City Area Code</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Local Phone Number</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_LocalPhoneNumber_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Local Phone Number</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Written Communications</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_WrittenCommunications_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Written Communications</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Soliciting Material</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SolicitingMaterial_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Soliciting Material</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Pre Commencement Issuer Tender Offer</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Pre Commencement Issuer Tender Offer</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security 12b Title</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_Security12bTitle_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security 12b Title</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Trading Symbol</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_TradingSymbol_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Trading Symbol</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Security Exchange Name</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_SecurityExchangeName_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Security Exchange Name</link:label>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label">Entity Emerging Growth Company</link:label>
    <link:label xml:lang="en-US" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel">Entity Emerging Growth Company</link:label>
  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>pypl-20230609_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii" standalone="yes"?>
<!-- DFIN - https://www.dfinsolutions.com/ -->
<!-- CTU Version: Release master Build:20221108.6 -->
<!-- Creation date: 6/9/2023 10:02:50 AM Eastern Time -->
<!-- Copyright (c) 2023 Donnelley Financial Solutions, Inc. All Rights Reserved. -->
<link:linkbase
    xmlns:link="http://www.xbrl.org/2003/linkbase"
    xmlns:xlink="http://www.w3.org/1999/xlink"
    xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
    xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
    xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation" xlink:href="pypl-20230609.xsd#Role_DocumentDocumentAndEntityInformation" xlink:type="simple" />
  <link:presentationLink xlink:type="extended" xlink:role="http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation">
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CoverAbstract" xlink:type="locator" xlink:label="dei_CoverAbstract" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:type="locator" xlink:label="dei_AmendmentFlag" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_AmendmentFlag" order="22.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityCentralIndexKey" order="23.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:type="locator" xlink:label="dei_DocumentType" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentType" order="25.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_DocumentPeriodEndDate" order="26.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:type="locator" xlink:label="dei_EntityRegistrantName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityRegistrantName" order="27.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityIncorporationStateCountryCode" order="28.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:type="locator" xlink:label="dei_EntityFileNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityFileNumber" order="29.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityTaxIdentificationNumber" xlink:type="locator" xlink:label="dei_EntityTaxIdentificationNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityTaxIdentificationNumber" order="30.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressAddressLine1" order="31.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressCityOrTown" order="32.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressStateOrProvince" xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressStateOrProvince" order="33.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityAddressPostalZipCode" order="34.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:type="locator" xlink:label="dei_CityAreaCode" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_CityAreaCode" order="35.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:type="locator" xlink:label="dei_LocalPhoneNumber" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_LocalPhoneNumber" order="36.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_WrittenCommunications" xlink:type="locator" xlink:label="dei_WrittenCommunications" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_WrittenCommunications" order="37.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SolicitingMaterial" xlink:type="locator" xlink:label="dei_SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SolicitingMaterial" order="38.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementTenderOffer" order="39.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_PreCommencementIssuerTenderOffer" xlink:type="locator" xlink:label="dei_PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_PreCommencementIssuerTenderOffer" order="40.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:type="locator" xlink:label="dei_Security12bTitle" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_Security12bTitle" order="41.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:type="locator" xlink:label="dei_TradingSymbol" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_TradingSymbol" order="42.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:type="locator" xlink:label="dei_SecurityExchangeName" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_SecurityExchangeName" order="43.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="dei_CoverAbstract" xlink:to="dei_EntityEmergingGrowthCompany" order="44.001" priority="2" use="optional" preferredLabel="http://www.xbrl.org/2003/role/terseLabel" />
  </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.23.1</span><table class="report" border="0" cellspacing="2" id="idm140444861924000">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Jun. 09, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001633917<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jun.  09,  2023<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">PayPal Holdings, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-36859<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">47-2989869<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">2211 North First Street<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">San Jose<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">95131<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(408)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">967-1000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre Commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre Commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Security 12b Title</a></td>
<td class="text">Common stock, $0.0001 par value per share<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">PYPL<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>d495603d8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2022"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="pypl-20230609.xsd" xlink:type="simple"/>
    <context id="duration_2023-06-09_to_2023-06-09">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001633917</identifier>
        </entity>
        <period>
            <startDate>2023-06-09</startDate>
            <endDate>2023-06-09</endDate>
        </period>
    </context>
    <dei:AmendmentFlag contextRef="duration_2023-06-09_to_2023-06-09">false</dei:AmendmentFlag>
    <dei:EntityCentralIndexKey
      contextRef="duration_2023-06-09_to_2023-06-09"
      id="Hidden_dei_EntityCentralIndexKey">0001633917</dei:EntityCentralIndexKey>
    <dei:DocumentType contextRef="duration_2023-06-09_to_2023-06-09">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="duration_2023-06-09_to_2023-06-09">2023-06-09</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="duration_2023-06-09_to_2023-06-09">PayPal Holdings, Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="duration_2023-06-09_to_2023-06-09">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="duration_2023-06-09_to_2023-06-09">001-36859</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="duration_2023-06-09_to_2023-06-09">47-2989869</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="duration_2023-06-09_to_2023-06-09">2211 North First Street</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="duration_2023-06-09_to_2023-06-09">San Jose</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="duration_2023-06-09_to_2023-06-09">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="duration_2023-06-09_to_2023-06-09">95131</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="duration_2023-06-09_to_2023-06-09">(408)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="duration_2023-06-09_to_2023-06-09">967-1000</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="duration_2023-06-09_to_2023-06-09">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="duration_2023-06-09_to_2023-06-09">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="duration_2023-06-09_to_2023-06-09">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="duration_2023-06-09_to_2023-06-09">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="duration_2023-06-09_to_2023-06-09">Common stock, $0.0001 par value per share</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="duration_2023-06-09_to_2023-06-09">PYPL</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="duration_2023-06-09_to_2023-06-09">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="duration_2023-06-09_to_2023-06-09">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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M>ZC+N.HL?X;[:)'-M[#/)73)>UYN1]76^T$D7O!9QP<<GB-WPQ-',)^ Q1'
ML#P8 \PG>&%Y_J?]K-#]! SCMHHB*]1GA?H$KQBR'3Y8GKA/[I_X3O,\3;,,
MJ^AV&V6PQ>J69? 7CX9Q P\L#V1Z6ZWQ;N,3\OH<8#U];4*PG>*3B.T4KS4@
M\;J!1Y['NXWE 0^L"]CL0/YX'IBIN$^:0E<Q;M@)QI$\QQ"8Q?B,9AE2G0P^
M\?Y@IR1-\SR. !9GD*88 J<11S &P %#TG1X#SY['R73>RHY_U=3_ 102P,$
M%     @ [S#)5I>*NQS     $P(   L   !?<F5L<R\N<F5L<YV2N6[#, Q
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M2P$"% ,4    " #O,,E61E2VI>\    K @  $0              @ &O
M9&]C4')O<',O8V]R92YX;6Q02P$"% ,4    " #O,,E6F5R<(Q &  "<)P
M$P              @ '- 0  >&PO=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0
M   ( .\PR5;CILU55 0  )80   8              " @0X(  !X;"]W;W)K
M<VAE971S+W-H965T,2YX;6Q02P$"% ,4    " #O,,E6GZ ;\+$"  #B#
M#0              @ &8#   >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0    ( .\P
MR5:7BKL<P    !,"   +              "  70/  !?<F5L<R\N<F5L<U!+
M 0(4 Q0    ( .\PR58<.&7J/P$  #P"   /              "  5T0  !X
M;"]W;W)K8F]O:RYX;6Q02P$"% ,4    " #O,,E6)!Z;HJT   #X 0  &@
M            @ ')$0  >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"
M% ,4    " #O,,E699!YDAD!  #/ P  $P              @ &N$@  6T-O
F;G1E;G1?5'EP97-=+GAM;%!+!08     "0 ) #X"  #X$P     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.23.1</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>22</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>0</UnitCount>
  <MyReports>
    <Report instance="d495603d8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>100000 - Document - Document and Entity Information</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation</Role>
      <ShortName>Document and Entity Information</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="d495603d8k.htm">d495603d8k.htm</File>
    <File>d495603dex42.htm</File>
    <File>d495603dex51.htm</File>
    <File>pypl-20230609.xsd</File>
    <File>pypl-20230609_lab.xml</File>
    <File>pypl-20230609_pre.xml</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="22">http://xbrl.sec.gov/dei/2022</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "d495603d8k.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2022": 22
   },
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "d495603d8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "pypl-20230609_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "pypl-20230609_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "pypl-20230609.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd",
      "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.sec.gov/dei/2022/dei-2022.xsd",
      "https://xbrl.sec.gov/naics/2022/naics-2022.xsd"
     ]
    }
   },
   "elementCount": 23,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2022": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 22,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "pypl",
   "nsuri": "http://www.paypal.com/20230609",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "d495603d8k.htm",
      "contextRef": "duration_2023-06-09_to_2023-06-09",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "100000 - Document - Document and Entity Information",
     "menuCat": "Cover",
     "order": "1",
     "role": "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation",
     "shortName": "Document and Entity Information",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "p",
       "div",
       "div",
       "body",
       "html"
      ],
      "baseRef": "d495603d8k.htm",
      "contextRef": "duration_2023-06-09_to_2023-06-09",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag",
        "terseLabel": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code",
        "terseLabel": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]",
        "terseLabel": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "xbrltype": "stringItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date",
        "terseLabel": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type",
        "terseLabel": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One",
        "terseLabel": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town",
        "terseLabel": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code",
        "terseLabel": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province",
        "terseLabel": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key",
        "terseLabel": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company",
        "terseLabel": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number",
        "terseLabel": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation State Country Code",
        "terseLabel": "Entity Incorporation State Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name",
        "terseLabel": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number",
        "terseLabel": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number",
        "terseLabel": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre Commencement Issuer Tender Offer",
        "terseLabel": "Pre Commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre Commencement Tender Offer",
        "terseLabel": "Pre Commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Security 12b Title",
        "terseLabel": "Security 12b Title"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name",
        "terseLabel": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material",
        "terseLabel": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol",
        "terseLabel": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications",
        "terseLabel": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2022",
     "presentation": [
      "http://www.paypal.com//20230609/taxonomy/role/DocumentDocumentAndEntityInformation"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 0
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r6": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  }
 },
 "version": "2.2"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001193125-23-163898-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001193125-23-163898-xbrl.zip
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M@Z=)0T_RIFT=/0&\:9%V&"]J:T'; );*?OMP]WG:/"IN/VU:BP0-9)^+$8V
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MW>N;VUC(F 81B3CI,@<YCE@-P@6Q#O;<_=T#R/LD&C*$+19>Y$'_R[$SI,&
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M>L2![J/8CVC >"S]"9&@/61_HF8P'7@/T*6]*[-]DDF1QC .,%0P29[UN0]
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M' (?))Q4'TY[G%U%.:X6^%^%I2X8 D^.IAJK/"Z;CD]^6OK[R2*^",91&N7
M]OY*L^LD&HZCI8-FTR@742'3%T9+/S'O@:>0O$$41?JYAE</9R4*.864W6YE
M(K#\<;__^3[;@JV3Q<:I<U">S(=[1A1)9P^BY=(_EQSH 85K/.8/X$F@C31"
M":3R.1YWE,)]A2-'_H-_?IV"9,:M@)_BY@$1Z DHHH_K2V96,'B:E32E098.
M8SX.^/4@PA7#OT _&,+/1S2-RDW/2=:#P@ CXC=Q@:QBP"Q S>"CM$3JE85'
MP+B M^5X4/!GE>L0SXCA74@A?%;?51=[OM)A$?G"[DZ!%^IUP^9$XPPV(KRG
MG6RW[GTKOR?9OT"V5N%?'9(X68#W>Y@-9LCN@%"CP0RU.]IB7KG9E VX&"I)
M8$7!%5AVL/>@K@YIEW&L""E[$"'A!VJLXA0T-15,50X\)DM1^%RB*--OP)\,
MHR0&GL@L$2X'[FN6PZ*& 8X,YS,#[@4[W(_@S2-]_CPF_&02*696G7B#%5!<
M390 *>19&@\")!)%!PI<:Q*7I>6^(R #Y(T]^_2Y?AHN-#"M#TG6AP=PHD:!
M!,XUB6"5 6CF02?:&H/^>7U]O84[B"_;@I,&#9<$"'*!0<EB1&;^)8U)-7!>
M>I'#&I3(<1B5-O/7+*>#R8@I #%&5RCRFU96!&"'@+F0#I(9'H9]FBB\</FY
M?KVL(J8% 8_K#$#W15WB*DKFH)"Q&F2V(_BDKD4=>@-;'6_@6<$Y 8W""$!A
M>$IF0F^0B<%3YDA VGPEMCI0*8H_^'IZF979 *XU_%G]_5;0P\O4>(KPT]L-
M)B2+=QS_%Y2G:5;HJXE;4JB)D#/(0EAZ$HWA]]%HA.R$[OIP G<_[H.\!*(#
M1A$AVR!.4"S=!UD'$RLKA_8"(?<H023C#03V!&=7T.;CZ<U)UO*EXA_0;-,L
M )$M\ZAPO9"HY79;$^(#1&#M5M-FAZPLS&4%]=F B"=A9Z4A_ 86,XJ!Q/38
MUW$!^PN,<<373F\U/F#8*/Z-#T?9J(%33=2<MDQSCCBE::4SM#MQDH-LANX$
MG"=HUL2*X=/KRQAYLM[Q811->+_[$>LD<G# QF8EBWEW(/ZEM2-H:;#,$N8
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M[T+BD2T%A:K 2;@H,[6%NH$AD_ES828I96U Z",>S-"*2[*XG;/)Q$M&:J
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MX[HUGZW=FO?+)H2>//9PCHHKV)A\Q/1 <)IEYCXQ:S%L$C,E J?HGF$I/@]
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MEA+(#Z7>RHY@JJ507LW2,I^'ENLV8 >@<,"$-Y:$TG>!QD01P0FP+IJ 95W
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MIN20A+.PD&<5(YW8^HUFNE%"R!X99AP4L6F;&.NDXB'W&N&4AF 0<3\&]BF
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M2+(>K/*0M!JLC?GO;RZ_O*,[S,E2$45&L9? ]85'NDFLH^#XJ1_#B!WFW+P
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MP%S4)CKH5!J72W][.DIB(X0QMZ]??:CF&UN6$F0F-?$$.E$^BVQCSTDF^.%
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M76PM9R8(;2T&'ZI*[18:1/#";"HL#@&S:Z.P6P$54&ES1^9.7I+VI.A7(DE
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MU&N)\L+V!,CM&M&0TFHB,"?4K@*P>N/);&)C6:R" <NG2.Z.$\;5QO@8NR:
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M'[P'0_'TU> $4</O3\^T)B&.CK$@8H5#TS&"O5N/(*DU'!*66GWQ _SQCW>
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M853T4B.)P/SAA(&I4GZ?@3C%01I)A]E@R IKXR79<1E$TKT\L029O%;SK3)
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MXB&1R8@/F6*LQ+'(^7;)5!PW]G@E7K,1G!W,=N;9?9V"+86; I9C4!3IQ^@
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M]W*^#-[O# VT>;5HD.TG,RD_"=K\S1P)_W:H[F-OH]]DBKE0B>-\"( AW:C
M<&V>/$92@<<ZAGZ/UZ#R!?H)MP+E]T8%U/HJE_>V>?IT;VM$2SYPL\,;-SG9
MN;#T5@?WFD?V,NO86\-V]/W>*$?JRMK&*ZIR?GX1.<(%L@"UURAM"-X7G[(Q
MEAEASFIT?2!/]8P%T=N+=%#PQV.[KJX?I,IKH# TE:Q1-KWG=K^W)<6E@[.#
M@1'J4(3]5)!, <,W7G@=\0$L3,I:Q79Q+!8L+L$BN$NW(SJV%&<2IKKI&;@R
MS_01>7)M6T?Z<;GPL1M@6B0C 17B+VT;OGX/Y"6GY^,0:>K\A%5#;82(Z%?,
M(9%]-$8HZ,ZA8-B9B"2=(J$\+"HZJC&[@C&Y(S$:\3$9L;%3L&,1*69^H_B?
MV= 8K.T.5"HSZHIC$?6:S8Q<E-RTS\50A'S Q6T:[U$)"6P$Q%Z..V^)_X5H
M:-RB]7:KWPCQJ07AK$I#.1T<C#;DPQ:S1KXF&F,(XDY).WCDSM0N3=(L@PFZ
MLF,4KV/E,0Y#SPX"3RX<Y4-SK9'0([OM('U>P6R3H*,E)^:Y822 ,TH%G"NJ
M*>[W>$^;P'E8<4U[$C,'8ZRX=G+0&?'J"FRM\Z+CT'=O!01YWXI(C42D*$9-
M402>(?P=-L/M' _K*PK\. !R*YB 'S['+%+&^_>@S.>P4Y-&D-F.TJ8A J$/
M;\Y1#F=*+:PMM=0J\%UW.6+%H47LN4@ 55Y/RQ[D 0K-E\'O .MB]"6HG8?=
M>2DK)XQ(=3FOL%?25KKMX515.DF9'4%$"@%>7=UA1,%HFF5E^LPA3H36(\GK
MDKD]A#YRB1+CZ:JQI+46(@*9*35KUY9O($Z?@1"XIQVYGZ-!GU&?6\,B+S"!
M&V$Z?'KR:<Z2+:%?[4IKY-;PV8[]0S&<LJD^N%O1NZ>=1AG55B75,ZP=4SH)
MN,]SATQC,3S,84F*Z 48?04=X%H:'CT?'&BK1,0>"QN!NS%7,YZ)3/+MR0!<
M><<X>O^?T3[\B#++]N9VF,X+,HS5_(+6&*Y'^@4#?]Z&Y%D^[!N8GY3HF)M%
M<DC(=80T%BZU=V3\;Q-(&PN2$->NK-QNYB]_+$S>+S]X]'&C]NXI=P'Q#)#U
M)SSXNZCE;#L ]8Q:5Z+'@SL>7+9F-*BKY#5F':"9E;":8&F#5D?(S@PX[A++
MV-8B;UVKH0"%'O# SV:F@>,(K(<"RRR63^YII Q]];J-!*P?OK$O[G2C/;RG
MG D'(E@>L5^EWFWBP],UBI:M5^O>4ZELLO,&0CH @WF48[KQZ*C+-E[5WN*W
MFX72'CL/O\ A^/O?CWY_[1(7F#%XG:5()W$D!0V.GE7GCOYY;*FL#0^JM>G;
MS0/B"'%86F(?4ZA-JAQF!*C)9GHS])M/4HX;H--M2(4I8<2A"^%+GD\9BC>%
M=X 8GSBZS-,Q_E>X3Q>&Q3_/L A:XL$EQD)&\^FP2@PZ[D.&\4!$3'H"+UP5
M [UT8&GBGO6P@G<"7J$(Y= &* 7U4L_*T0?\%F5B"',K)%*PE$UVV3)L:0LP
M10;KLUT\&<DX$/9)3%S7%W0Q+/HU!;LH[(/B+[C-D<(<*0 TYM. UH\7UX[7
MY;SZ/:9!)82R((0\?^>2X 3?E)$/)&U1Q>4BGHN0ZE<2Q%7)H;!U8SOV.BVX
M3F^;@^WZE&"=N<*7LQ_81S 1%&!P$<6>2+II;[O!TI4XWIB*E[&(WLW3F=RX
MN>EUX6[R=!(8G%IL6N!V'#*/?[ .N*0^&7%K.B'99@GBZ'$UEVD_8%OA-FB9
M#4C<PF,)?7X1; N-;]Z@0[DN$I,L8^DE'S2_=<%(EX?Y2E-:UF)W$W+\0EOF
M/K:$Y2UCLA%PG$IG,0=R_6+29IV ;?=0./0FL-8.^]+@A;80P(W?<)?R>1_;
MN;)\-D5DC>X7&UUVI[(ROH>RLI5MLP<EK=^\$;U56I,ZM#A5WY6(]4C ')ZE
M+:J'X&#O]Y:=[!HDEHPP7C_AJ'-QOMU,KDMK&JYOTVZN^O-FM]H958.#FZ!M
M<PQ.P7RL6)DEG5JBCCM1M$AJS;H[IJ#+0JV<N.N<>#K;ZCB]<S4#?DSJ<>4I
M]:>K_)2FL&&#SC-U%]N#:X=A1AH[LN/.11N5C"&NTLF\&DI)2(PX*?",4OXC
M_7@)SZ5[56E17BEN. 47JKQ4"!.1951:/BD-=G6604O="%UU+@MKQ1:P1PCA
MJQ@*@T-DV72^& NI4IP$#5"E,E7 ;'L/<=EF%UIXTKDR!+E.=46DJ^%G+@6U
M_W!K$:OX3.;X%BY3QP,HC1]\\0CFM*FF%W&IF+^<,6R0YY[,9N@:2R6;]EIP
M[GL#@Q/,H@ZF49MYU'8B]>J7:B"FLXM4MX6XX_T>,7(+6E&+M[ARKQR!;G 0
M52%*=X4N;?>C6URM/#7?>KB;>9AWL]EIYF;'(YRBL>6CQH[7.$9)+3B5/T>F
MR[._QJ#>G:K?I7[5K;2OU;.(=Y;F=($D+K4WO\L$V]--@NT'M\G2>VB3L5:0
MDBBG])KV?*M28@!*+1LEKDY@)@TE4!]*M96_@ZN5PO-J7LRJ1>RU;@=S !X.
MB'KCDU"Z+M ]\8A@%*SE$O"J"U3A>24UJZXZBT,T0=,R0L7"0!)N>40 ;$&\
MW4H-KE)IYG!!SHM.8X@CRQ3^=\<H)P/H$*5_T@DZEFOX ,5_R_DI=7W^^-13
MH<OL4V=-YM)AV,'[X%YTGD 23ITY*G3LPR$U":;JU$WWV=)BJXU']T6TQ^0>
M:@_>."4#GW.$PB"8]$I-:;<+55KX8V,O<3**S$&"\M18 UV!N5!)1_&XW[NF
MDAJPU*><9J(&*],4(3G92"^#F<%I!$)J+ZI C625_X3L01Y1GGW049IJYCRY
M!G-2F!P$?%I6,%*$&('NJNJT'>*XV?21YNA:44_:CY^MS\(:*;B'Q_F3:4\*
M:A-6N^.-=7X/-Y8+JS45-%41JJ>#A>9M_=Z0J7_/Q^>.["F!S32N&^G/NNSW
M-&'M$GF$'1ECUI'Z[@U+JN%15RNY1*^CPJ9\[2'Y^C)3#T5QZ9DY,^$PR6#^
M:M3K,%$5C) 3BY#WF&OUF4)_.SQVJ&4@47]J;)R.8FXP+:XYH[?537(#9#@W
M>E0ZJL9#X-#%C.]FZ]WMUKNXMUN/I!3IQ 1'H8QI,9P1Q3@'R=0S138=; S_
M+R%0:^PS1VV$8K9(9\@VTN\QIPG3'U>VJ.(R!1F?J>=\8S%J418[8NV:*E[E
M.O&LN,P-GG)0 ,9W7F)#^ 25RS#<V';'A)$4Q'2,N1K-X7\*K!%T5=2&/&;6
M9D%J,0YH9^]*:HPH$-)UFBYW^C=;\HMLR>S>;LE5?@NF,AMQ-"=1"0HR;2IV
M5KCX.UFGBR?N*=U,V)N0#$!BCMZ(X=V*X;_OH1BJCV*"!&)Q$,F)MO/-QLSI
M-$Y=D &/#6J^&4?&91KFV;F&PVNX&T:;T;ZZO$PQ%X\F5QT'MZ>/C!=C;L$J
MD]P:)NIL'#[+O1G5U1N1OEN1_G /11J%4NR:_RF+!D:O!N?[1K/CQ@NJ[/QB
M5N^4DYWK9"'*5'4JY9PD-F# IA20A'?A"<\:3CJI]1O==&>$D#\R+CDIXF&;
MF.NDXB&[C7!(8W"(N!L#QQ3 T1BG'"UTO(Y723YWP8"$D)[IV(]7":>PDM5C
M]\T@ W,I-(8V&_+K;,C\'FY(R4$3-AM]>"N9(O!<?$S%)HYAQ6&N;5$I2A?H
M_@L3#5?Q9'8LV^RSH)KW<39CPH]AAC1HE;HRB I/&9S-=_*Q^#BB]LD5J(\1
MM>.L#:&ANWZVN$R9WA0&L ,F%'OLYJ?BN\3AKY7;U0,2A+\4W1J7*\4C5M@?
MT&=A%DWD@)O-\#X\*C#@LLN,8FME94?*EZU0)'CF.V5"X'?!2?M1>33\*;(L
MD%)53#SY3A;P[O*<^ ZSZ1"?PQ^XU]U1S!ZNBU@6" HG@9@E!!,WL57TYL#2
M0"4V1C*9-"&1HE"J'3H18#!6'29AGK)4>NSU?KH!DY4#Q>"F5=-H7,Z'L[A!
MS<+V.Q/ZE"ZA0!0.W!.%6A<Z^/R$"B/*:D:Q'Y-N:>=B^CU\R8I3\ -=BJ3=
M*-8OHUBG]U^Q2O6+T'J83!^W!T%>*0S)U-$$-DG)*;JQ=+ED 4]&6+*?<83(
MW8YU]3,$)8U_*'C"KQMXP@^^:XM[N&N)C@9YF3R$++U.N!]BE1(0S/7BP&NY
M9 HI783)#&-%2J.6-&G4IMN^6 O.KHK1D (^:O;>#?  7:5/8!E(Y5/ )R4C
MFZ2I[>)8UF2Q8 \@LN%"6*6;LIMQ8\+; <X188XQ?B T_/PW$UG)HM121"B-
M\3AG:2CFNM;&YT1H/+2>)9<[NJQGVWNQ+A OI/X]L:E2FQ^-E="!(A6<G(DM
MBW%P'S2*LDG&@4!:+IT%D4\:^*'#+NIO=]< *:Q313J#!=G)J'+UM\>W)1^]
M@9;BUK@Z6"]/M$EE@OG"5@DB1[^<>F&]ABT5I>"J8@0-$3&]A.N,F@78Y 1G
M\'RH("STG2WA 2,^9L+(GC-OHYB1,Z8/9>I*O?E,*4%%<((-J$Q83&?/%X^)
MKQ26E;E"*(7.5?<S[!$S.#]' JH9\H8,,1Z0UB+<HY3AI-$YK0<Y3EM[V[!4
M?^N6\0,'Y(0?'L/,SY+B/,,4SD#"SM(>PE_%_0:UIUYJFT_:^AUZ(X(.E8"W
MJ>(A-4/NQ,/MZ/\\VOV9-^TPR_-.!JJ[KX@^380E_S4JSV$"/N*9 8]_1JUT
M=.M2:5#BMZV5)B.!F1[)*ZDJI&4P?@FBXMC'#%T0'"6&=,71NO6F=3!C/64L
M.GO-:F3: Q=)C82"C)+.:F'O!+D;6T::J@NS2ZJQ,\GF0=\\=Q? PIA6X9!L
M['+22T^TEL!A=-L34P^Y5IG)G<Q83UJ8 ;E]TV\;5K4?O2JX&4J)KD$9!"2L
M09O9SZMV!,=L6;UP%!B;SO(B:*9&&6)KA,5,;:NAG&DY=LSW;A_8>1E=%P2-
MVWM%Z!7]648_J!,NRS?P2]",TI9-5J?C7G)J4VLFOLVJ[2>V'NH76@#^AV9.
MW?S'L>7UY:EO\#)_Q0KESNVK1V0@:^ZP:/6*-P?F]44)\KXC)U_CS-1:KY:,
MP]DFE:9KDX1L9/6O5ZW<DM6LN"KS*W0=Q7Z92.V4;RH%'G&:1@MLX$N%4@$A
MK,$?-LTKM$:7VW^"3TP4KPB2N_2QFWCU7[!8VL@2>^+#-* "9X=]65!*R(.:
M9:_,_M,Z_[&KAM'?RT,)T9)(0HLD99)5]<ST)A#%S/8__._/>\\ZF+7$\G<,
M=[X=0C*$SXC;?L,;\)>K4;NU<TUTYQ0/%&YPSYZ%]RK2F:\5=H .VA:N=6N'
MC:'\^UHJCP7*85Y4H,(S(<1'KO@ZG<PQE=G((=O&DO:655@7K4]HCV8[\AY1
M&"KK#)/!3LRHT][<^_)^^_9[C0%9QTA.JD=/?N;FBIRNH;DZ!AK'=.:\,Q?*
MOL'9]ZT3.1X$3X)7-Z=;("^8JV>3%]DY93.[D(K-2 X>V-IRR<Y<;BC$OW3^
MC]#5R7,IN6_TN9, "V,E4#/-?$7?3!M!_TB)O[T'/WCF[U9K^<4C_Y\01._2
MAZNM313^1JCSABC NCF 3G*_^L9 _Y>+Q6-WJ"\9C*_2/+TBXT,TV3A5(S\K
M/S7X_N0NI$FZH <K&715H5-M/M69.?;6N"/W$,SRM[!%=N(>X9.BHHZ75'-@
M'N[&<LCN NLVK=D:03["D7KKE]-8*$]!TK/+,&4PW7IV*1FAS)$?M"S^E,D/
M9O#E<#ZCNA_: R'@:_7V;,1'/YD*KFFVPQJ6U/W8V^W:NJ=K<6Y(_MAEVVV2
M>WZEW=%<9KM!XI9_9!5CO[?$8FDPP@0[)Y;$$"@>U5Q>3B9)AG9(]0%TE(,/
M+[,VJ1L<WYDSW6&=5@=JN$2X)@Z(2&+*JHY56QEH:(DU6P9FN*6@)M=@"ME6
MN$LSCU&FBPW*LE$V\ZWV&!D5-X:9C$9EQ8@_6MV7@\$[K5'U3:(J+AY3=@;7
MD(]6+A4J]>"2,) OS7D:/>LNDXQK>T8CU4X>LTC%? DRX"#%$9Z)E,RB?MP(
MA<52<:K8J^<5-^F^IO.G2E3#"/*5^J?Q^2B8<F)?R(A"P@V7>I7KPQD#OQV-
MO?/,>4TZV4-N",3&,K;1K0G7;_@5;(:QOM79<]/)&VZVQ&4].P\=WCK^K/$G
MC/A4K.5\!VNR)=!]^PWTL>O:"2]7<O[@2'!;'4*8"#9'XGOR1O,2STDIOXS=
M#Z>84A%LWX1R-COT0O"\\E>9]P8"<(7=@'#J"@4D?$7[TK&"DY1,@R3+P+SY
M1 H8VNIGX4X&P96%[O=D<4+,47.[+5_5F+QA\;:D11AN_^I*ED@:;%4,E92-
M%Q.Y28(;<))S$DN8;T.=-"VENVHQ:QI@.:F(^B(E9QSY7I;KCV\EW_CLL$_=
M2 &@:@HA1/0\+;#?&8;*1BAD?MV7\>;$"F"OJ#!+P=1-JPS>+K\52S?VC4Y2
M:ZW)FJB;[_!8@A8PARO&$<=S-X<XQ-JZXX]_AWMS6%95>8V =68BM)CRKF;"
MP?WL#83),+WB1N%D !:,>I+".O@A=QYH9%2UL*'>_E9RUS8'6MT2,9F6XW%3
MC=*<>15MN932*Z58.$@:P</B1) *;YQPKJV=P%@CU):7HV29P%MJBBZ<H$Y2
MFS*BR$\R/'D=8Y1\0F\(-@6X<63XUDW6/MD;H9J\2,CU3."%EQ_8FKG1]8FI
M\RX>%BR?CSX1 ;;;9=,Y-U?TL[(6BH5RT4GBW[;K$/-CK2[J!DD&$%RE-6M4
M,5?-N#5N&1;E2_69>^=-_RT,IDH[:>T$/4L^( @-4V:8JU7+_ON,;>UM8EM?
M5'-UHLG:RLL#S4(V)=H"WIJNL5FN8,9@7H2NH0[=C3MO*7$-66E9T';]Q/=F
MOK%4]73G7[&6IMJ^Z$TW^=29>-%@--LFXU+T7-#\Q,S3=4W%S>H[RK9[R=[8
M.-88$4%16>MALLLY#C1-_HT.B;=#@WP$HBOAG%SY.-:MH^XGED&3%A<4W/1$
M_:*-H_;N:^.H0MNY4[/(C]PMT;61:G>ZP4TP3 .WB0)96!$JOR9/9*+Q[1FQ
M1VK+HDV#LKN5LX?W4\Y,=V8Z+WRC,I/D\VZ":^VIE2AXL!AZX5?+^EC$_9X4
M1E L%V_=W9+%YU()FLF=803=::ZB.Y"'_(]YD?)+^37&*QY%6QX6<23Q6O]+
MUZW*!"\H%D=#0MN3@R9@)*>5.*4C&G6L800L#,8:J*P:S:<UF8.2%^5(N(OF
M2>"JW\/;[L+IC>YIYZ0=07K@T>-2(4\)F(7BF]2I0SI) 55S?DO(VC-Q"[L?
MCSXSZH_)7 SN%0^(UNL+CT]; @SF_K/$"4< PXHA6C4&+%!"#LHI.)KPGW'Z
MT]'IT7%4S*=#D"KL/KMD @(=$ZG 1%E'BT8T\:5GY%C$D&J^LV*.+WIUK[QE
M^G%S$'\A!?GH?BI(;4Y.A3>H&@\XBDBF)FLG J8,63N:Q*XQF*DUPJ HTH^R
MTTGX)55]R3"/?@^->2:&4XB6PLOX.1(/<-T=USBRUXBMR$<XX=_V'MW611G(
M]#%6D$F\V71I1=_A0K2WCVG)1-MU*'<^7#X5]M5&?YZT':DQGG<V+Q*=8N@:
M/D9-=0IG %Z@("!JMA?1EYK@'TIW0<.UX-[=?LFEH!B'?),4%]@6 E8-C]L#
MZ56/H_VSK#[$T6MP-KAJ[:S\L"A)2R=S.(@K$C[*YTBNABE\J'6V>F9D]X%Q
M1Q BUV%QE"./ \<?> :-T3-P!Q9CYW".4118@8$R7H#CE^0[E*1[696P?H:H
MXO#C);&$NT[GIXMZED[Y,#X;G+P\/ -CDS[;=E3E(-S,+-(HQ953&0;(OXBE
M]8:JX:\IX2PR"VW'26LGZ5OX\%D+'0#O >%I4F;(.))_))=)T1KZYKCXC./B
M\?T\+MZ2XCA#?;W"5W/J7_0,&[FN60Q#@DREDF@/L@4=G@GKZ_W''0 .:CDC
MNAD3\7H$W1BS.=A!KYAC-D<%5Y!+- *[9^?9"%W-V3562)JC35OE+!F.QCQ=
M:_#U?\O+HO3YF* SN;4?#!KX<!,^_;RU)&  ;,;]WP?'QX?_6DO<5=K__M/^
M[W==\-U\YS#0%V]/WD1O7XC(OST[= .YRU;<[X]?'YZ>1F>OCD[[O8/#D[.C
M%T<' WCXT6GT[N3P%%_S\VC_SVAP_/_:N_:G-I(D_3L1_ \=LW$7(J+-@&$\
M]LS<1 B00;<@<9(8KV-C?VBD!GJGU<WI85OWUU_EJRJKNR7$&SRZB-M=BWY4
M56=EY>/++X/Z6>^HW3&R<A!T&OS'>J_Y1P.&W3CKM/>/&_5.L%=O_3WHUG]L
M_1$&]6[0/FUTZKUV!R[J'374A=W/W5[C)*C126I_M]YYO740X"_=7J=1/\$'
MFZ,GZ&[6-XUE=/:/QLE>^ZQS*$]0U_*);)Y@#*NVL3N.&ATCQ[TC]_I00N#V
MEQ]+#]B NW'4^^V3TWKK<V#FT>QU@_JAF7M@/IE9B<.FN<6L0[N%4^S46]V/
MC4X8-/ZQ?U1O'3;@GM/ZYQ-S!\T)GN,O=??,K*E9<7I8HP/_:N%[6_437-ZS
M[IX1BI-FJ]'H!K6SOV\$Q\V3)GP;&%$KZ)[M'P5MG";>8A8>G_<_9XVN_8+K
M:\M]0KT004V&S'. YY[4#QJP,G-'%<*PS 5J6.;69N]S]<"6%"T]+I2/SVJY
M3X\;![38]+ZS;B,P_]TP#S#?:7W-6 1G[L^?FN;/>Y]YF#B]1J=K/J$9W*=.
MNW7X\>S8K&N]>P(SJ'?Q8ZC/T_[4,N^@YX>+UN'(W&LFV 1U:6:,MS1;CT\I
M4="$:NB/>YK]#JJ$])?Y[[I>L\/C]E[]>'VMV]@_ZX LP(9D.3]IU%NPMUE)
M-%L'1@+..@U>K_I'\PCS+/.EX4GXR6[8,?7@H'':[C:-WX&?N2Y?J/C'S8"5
M(#SRS$CI<>#-0?8QON'34?NXP7ONM-XA'0!7=N&7@\;'9JN)<JL&!IK=:!OW
MT)/Z9_@?P5[#RB]<9U[4..V!L-7Y/49 84IJ(JR.U%0*%YCAP)9:< 4_HK Z
M+58>-SRXZL[/M,WE5O@X\,N^65/8> L^ ]YG+_6^R5P_"7?'W1REHO]2]&\\
M0T?Y00_K8!6.?C"@R'<2NC3K_NS\9)PC-&KM7\2OH:FZ(<N%A0>\O>\#[.]H
M5KNQRIK,\?*"VZW)[X7!H=?6RC=OMMO,Y]BVY,=N^(59LC24_4SOA?=]0$'E
M&I/AQ!PH^^T#V*^;P=MW.[MO=W9W?G;K^61K^=+6!D/ZL"C_Z-IE>:?E;'$<
M\^WNX]C@QL0YK1\'1O>"3NB&1J?O;][D$,P+.=UG+-N;;W>W_H,]W\&4'>$[
M. ,:>_+AMF&OTVAV"HSYD-&CGDC-K+\)A$,'<0HMCV*+,4/,N\JY$:B)S7".
M*B*(A!!:XT+H3S_&83=LF(!#RX145C2$&T2(2X!Z8A<%!A6X^AP18,-D3*6%
MUQ$6FJ*AE@.\"RALT% #T"/<A-''RV2,]1^(_S4^*^?T'*:.ZWYZ5PE R[J
M-0[VJ%(I^ Q<A1@0W/DYW-K:DO_?J$I1OA=2-AB9S18"FPV [?T78BUM*<>)
M0[9EMAH27$P^$B3/O(O1,O)GB,HCQ14!_$=&TH#>S68.+Z ,81P/DS=1EDTE
M"A69Q0?2!G]2.)T#\WY(T\EOBM.9LJI19I.R/(93'N*!^;L0.YL%QAN!I0$:
M/)L+^MQ9N/ &60E&^#'8,>#M<XU\BIE900 7IX5/R=!&%XT#OB_,8@X8/LX
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M]= H'.L.1XJ!J-#M%OY*E/UOAM2JS_S)>>-W/K*]$3WS@D"1RYFQ_+M']0Y
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M'6-SA7\;'3(>)-) MG)JS,!+,_-F!=G>+#.;L$\'.T$^QZJ%WA)P/CYSY5X
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M4"-U4Q^K,[6\FS#4"6L)PQF,HJ]"28D^XLN8(!+D2!NTLM-6EH30\X3#DF!
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M.[C$9.-0B"-BP,)G@-<U[SE&@Z(%S'N"?ZU? G<RI6<M'9>?..4;**_M85>
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MG:D<(XQ$ON;*GHHYA4;0IQ-?Y&:"E-$]P2)LO>IW3>I#@PX*?$??7#R.^G;
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M#]T(:ERS5N_MUY6"*K5]XJE S30D89TBLO7-1LAC.O!U3Z1L1EO?6P1[Z4:
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ME"D-Y5P:VE;!">E]V</P/>[>H0)'*&,8M]&/41*L62IP705O].N^\0@'?.<
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M8%56.X.3:;N]-N;6="OI\1V."F$-Q_ 4V'UUQP& 88Y#FXDJ#F-_!JS3)>,
M:P1X99@-691SK;.P-LQ(= 67?X:7./;1Y3GRV8F4<XG9/ZVBW*1$+)?W%4]#
MVO.A3($#*JWGM6#SH4HRD]J:*Y,G/ TF-N6U:4- W+CG!II8&[S!'V/DPHS
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M&)NFJT8-6DTEO0?6I>ERE.*5!L1""&>*!DQL :ES^$9FFX2N8.FBS-00T4Q
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M*FJ6R/$USCT,ULZIYJ:KRP,6W8$\".KL_,;%-A?A51_:SS-4W710$RU#R5.
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M-K]]6%SPE4WXCA4;FZR606YW@"7DNWLD'DYE:0_05N.1V!7QAGRL3-AN:]#
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M7ZY^B-GF%'<WPVEOK]IM0S]_ 5!+ P04    " #O,,E6O[W^:EL&  "^0P
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M-C S9&5X-#(N:'1M4$L! A0#%     @ [S#)5L$<'IIO%   XE<  !
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7;%!+!08     !@ & 'T!  #/2 $    !

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
