Common use of Forms of Securities Clause in Contracts

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that are not in temporary form are referred to as “definitive Securities” and Securities that are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below)registered securities issued in global form, in substantially the form of Exhibit F D and E hereto, or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” (unless such securities are in global form, in which case they are referred to as “definitive global securities”) and Securities that which are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer Italy as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“"registered Securities”") will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“"bearer Securities”"), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that are not in temporary form are referred to as “"definitive Securities” " and Securities that are in temporary form are referred to as “"temporary Securities”", (ii) registered Securities that are not in temporary form are referred to as “"definitive registered Securities” " (unless such Securities are in global form, in which case they are referred to as “"definitive registered global Securities”") and registered Securities that are in temporary form are referred to as “"temporary registered Securities” " (unless such Securities are in global form, in which case they are referred to as “"temporary registered global Securities”") and (iii) bearer Securities that are not in temporary form are referred to as “"definitive bearer Securities” " (unless such Securities are in global form, in which case they are referred to as “"definitive bearer global Securities”") and bearer Securities that are in temporary form are referred to as “"temporary bearer Securities” " (unless such Securities are in global form, in which case they are referred to as “"temporary bearer global Securities”"). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer as shall have been authorized by the Authorization (the “"Authorized Officers”"), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that are not in temporary form are referred to as “definitive Securities” and Securities that are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of attached hereto as Exhibit A hereto or, in the case of a U.S. Global Security (as defined below), registered securities issued in global form in substantially the form of Exhibit F attached hereto as Exhibits D and/or E hereto, or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that i)Securities which are not in temporary form are referred to as “definitive Securities” (unless such securities are in global form, in which case they are referred to as “definitive global securities”) and Securities that which are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in by facsimile on behalf of the Issuer by such official or officials of the Issuer Republic as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that any such official or officials, or any of them, officials shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” and Securities that which are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer South Africa as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined necessary or advisable by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to shall be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of set forth in Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer formhereto, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that are not in temporary form are referred to as “definitive Securities” and Securities that are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisionsappropriate insertions, omissions, substitutions and other variations or substitutions as are not inconsistent with the provisions of required or permitted by this Agreement Indenture or of the Authorizationany indenture supplemental hereto, and may have such letters, numbers or other marks of identification or designation and such legends or endorsements not referred to in the Authorization placed thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as may be required to comply with any law or with any rules rule or regulation made pursuant thereto or with the rules any rule or regulation of any securities stock exchange or governmental agency or as on which the Securities may be listed, or to conform to usage. Securities sold to QIBs in reliance on Rule 144A under the Securities Act shall be represented by one or more global notes in registered form without interest coupons attached substantially in the form set forth in Exhibit A (the “Rule 144A Global Securities”). Securities sold to Non-U.S. Persons in reliance on Regulation S under the Securities Act shall be represented by one or more global notes in registered form without interest coupons attached substantially in the form set forth in Exhibit A (the “Regulation S Global Securities” and, together with the Rule 144A Global Securities, the “Book-Entry Securities”). The Book-Entry Securities shall be deposited upon issuance with a common depositary and registered in the name of the nominee of the common depositary for the accounts of Euroclear and Clearstream. Ownership of interests in any Rule 144A Global Security (“Restricted Book-Entry Interests”) and ownership interests in any Regulation S Global Security (the “Unrestricted Book-Entry Interests” and, together with the Restricted Book-Entry Interests, the “Book-Entry Interests”) shall be limited to persons that have accounts with Euroclear and/or Clearstream, or persons that hold interests through such participants. Euroclear and Clearstream may hold interests in the Book-Entry Securities on behalf of their participants through customers’ securities accounts in their respective names on the books of their respective depositaries. Except under the limited circumstances described herein, the Securities will not be issued in definitive certificated form. (NY) 18002/046/INDENTURE/indenture.doc Book-Entry Interests will be shown on, and transfers thereof will be effected only through, records maintained in book-entry form by Euroclear and Clearstream and their participants. So long as the Securities are held in global form, Euroclear and/or Clearstream, as applicable (or their respective nominees), shall be considered the sole holders of Book-Entry Securities for all purposes under this Indenture. Securities issued in exchange for interests in a Book-Entry Security pursuant to the terms of the Indenture may be issued in the form of permanent certificated Securities in registered form substantially in the form of Exhibit A (the “Physical Securities”) together with any legends required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the AuthorizationIndenture.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F hereto or such other form as shall be established pursuant to the an Authorization and in the denominations specified in the such Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B hereto (or, in the case of a European Global Security (as defined below)temporary bearer global security, in substantially the form of Exhibit G C hereto) or such other form as shall be established pursuant to the such Authorization and in the denominations specified in the such Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” and Securities that which are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer Venezuela by such official or officials of the Issuer Venezuela as shall have been authorized by the an Authorization (the each, an “Authorized OfficersOfficial”), notwithstanding that such official or officials, or . In case any of them, person who shall have ceased, for executed any reason, Security shall thereafter cease to hold the office by virtue of which such offices person so executed such Security prior to the authentication and delivery of thereof, such Securities or did may nevertheless be authenticated and delivered as though such person had not hold such offices at the date of any such Securityceased to be an Authorized Official. The Securities of a Series (i) may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the an Authorization, and (ii) may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the an Authorization placed thereon as may be required to comply with this Agreement, any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined necessary or advisable by the Authorized Officers Officials executing such Securities, in each case (i) and (ii) as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the an Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” (unless such securities are in global form, in which case they are referred to as “definitive global Securities”) and Securities that which are in temporary form are referred to as “temporary Securities”, ” and (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer Republic by such official or officials of the Issuer Republic as shall have been authorized by pursuant to the Authorization (the “Authorized OfficersOfficial” or “Authorized Officials”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers Officials executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the applicable Authorization.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of attached hereto as Exhibit A hereto or, in the case of a U.S. Global Security (as defined below), registered securities issued in global form in substantially the form of Exhibit F attached hereto as Exhibits D and/or E hereto, or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” (unless such securities are in global form, in which case they are referred to as “definitive global securities”) and Securities that which are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in by facsimile on behalf of the Issuer by such official or officials of the Issuer Republic as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that any such official or officials, or any of them, officials shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.

Forms of Securities. The Securities of a Series to be issued in registered regis­tered form without coupons (“"registered Securities”") will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“"bearer Securities”"), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that are not in temporary form are referred to as “"definitive Securities” " and Securities that are in temporary form are referred to as “"temporary Securities”", (ii) registered Securities that are not in temporary form are referred to as “"definitive registered Securities” " (unless such Securities are in global form, in which case they are referred to as “"definitive registered global Securities”") and registered Securities that are in temporary form are referred to as “"temporary registered Securities” " (unless such Securities are in global form, in which case they are referred to as “"temporary registered global Securities”") and (iii) bearer Securities that are not in temporary form are referred to as “"definitive bearer Securities” " (unless such Securities are in global form, in which case they are referred to as “"definitive bearer global Securities”") and bearer Securities that are in temporary form are referred to as “"temporary bearer Securities” " (unless such Securities are in global form, in which case they are referred to as “"temporary bearer global Securities”"). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer as shall have been authorized by the Authorization (the “"Authorized Officers”"), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery deliv­ery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the AuthorizationAutho­rization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the AuthorizationAuthori­zation.

Forms of Securities. (a) The forms of the Securities, including the forms of Certificated Notes, Regulation S Global Securities and Rule 144A Global Securities, shall be as set forth in the applicable Exhibit A. (i) Each Class of Co-Issued Notes sold to persons who are not U.S. persons in offshore transactions in reliance on Regulation S shall initially be represented by one or more Temporary Global Securities sold to persons who are not U.S. persons in offshore transactions in reliance on Regulation S shall initially be represented by one or more Regulation S Global Secured Notes, in each case substantially in the form of the applicable Exhibit A and deposited with the Trustee as custodian for, and registered in the name of, DTC or its nominee for credit to the respective accounts of Euroclear and Clearstream, duly executed by the Applicable Issuers and authenticated by the Trustee as hereinafter provided. On or after the Exchange Date, interests in Temporary Global Securities will be exchangeable for interests in a Series Regulation S Global Security of the same Class upon certification that the beneficial interests in such Temporary Global Security are owned by persons or entities who are not U.S. persons. Prior to the Exchange Date, interests in a Temporary Global Security will not be transferable to a person that takes delivery in the form of any interest in a Rule 144A Global Security or a Certificated Note. (ii) Subordinated Notes will be issued only in registered the form without coupons (“registered Securities”) will be issuable of Certificated Subordinated Notes substantially in substantially the form of Exhibit A or, A5 and registered in the case name of the beneficial owner or a U.S. nominee thereof, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided. (iii) Each Class of Secured Notes sold to persons that are QIB/QPs (except to the extent that any such QIB/QP elects to acquire a Certificated Note, as provided below) shall initially be represented by one or more Rule 144A Global Security (as defined below), Securities which shall be substantially in substantially the form of the applicable Exhibit F or such other form A and deposited with the Trustee as shall be established pursuant to the Authorization custodian for, and registered in the denominations specified name of, DTC or its nominee, duly executed by the Applicable Issuers and authenticated by the Trustee as hereinafter provided. Any Secured Notes sold to persons that are IAI/QPs, and at the election of the Issuer, any Secured Notes sold to a QIB/QP that requests the same in the Authorization. The Securities of a SeriesTransfer Certificate, if any, to shall be issued in bearer formone or more Certificated Notes, with or without interest coupons attached (“bearer Securities”), will which shall be issuable substantially in substantially the form of the applicable Exhibit B or, A and registered in the case of a European Global Security (as defined below), in substantially the form of Exhibit G or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that are not in temporary form are referred to as “definitive Securities” and Securities that are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf name of the Issuer beneficial owner or a nominee thereof, duly executed by such official or officials the Applicable Issuers and authenticated by the Trustee as hereinafter provided. (iv) The aggregate principal amount of the Issuer as shall have been authorized Regulation S Global Securities and the Rule 144A Global Securities may from time to time be increased or decreased by adjustments made on the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or records of the Authorization, and may have such letters, numbers Trustee or other marks of identification and such legends DTC or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securitiesits nominee, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except the case may be, as to denomination and as provided herein or in the Authorizationhereinafter provided.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will shall be issuable issued substantially in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below), in substantially the form of Exhibit F and B hereto or such other form as shall be established pursuant to set forth in the Authorization for such Series and in the denominations specified in the such Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will shall be issuable issued substantially in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G C hereto or such other form as shall be established pursuant to set forth in the Authorization for such Series and in the denominations specified in the such Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” and Securities that are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global book-entry form, in which case they are referred to as “definitive registered global book-entry Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global book-entry form, in which case they are referred to as “definitive bearer global book-entry Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global formfrom, in which case they are referred to as “temporary bearer global Securities”). All The Securities of each Series and the coupons appertaining thereto, if any, shall be executed manually or in facsimile on behalf of Mexico by a duly authorized representative of the Issuer by Ministry of Finance and Public Credit and the Treasurer of the Federation or an authorized representative of the Treasurer of the Federation. Such signatures may be manual or facsimile signatures. In the event that any of the officials of Mexico who shall have signed or whose facsimile signature shall appear upon any of the Securities or coupons appertaining thereto shall cease to be such an official before the Securities or coupons so signed shall actually have been authenticated and delivered, such Securities or coupons nevertheless may be authenticated and delivered with the same force and effect as though the person or persons who signed such Securities or coupons had not ceased to be such official or officials of the Issuer as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such SecurityMexico. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the AuthorizationAuthorization for such Series, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewithherewith and with such Authorization, be determined by the Authorized Officers authorized officials executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the AuthorizationAuthorization for such Series.

Forms of Securities. The Securities of a Series to be issued in registered form without coupons (“registered Securities”) will be issuable in substantially the form of Exhibit A or, in the case of a U.S. Global Security (as defined below)registered securities issued in global form, in substantially the form of Exhibit F D and E hereto, or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. The Securities of a Series, if any, to be issued in bearer form, with or without interest coupons attached (“bearer Securities”), will be issuable in substantially the form of Exhibit B or, in the case of a European Global Security (as defined below), in substantially the form of Exhibit G hereto or such other form as shall be established pursuant to the Authorization and in the denominations specified in the Authorization. In this Agreement, (i) Securities that which are not in temporary form are referred to as “definitive Securities” (unless such securities are in global form, in which case they are referred to as “definitive global securities”) and Securities that which are in temporary form are referred to as “temporary Securities”, (ii) registered Securities that which are not in temporary form are referred to as “definitive registered Securities” (unless such Securities are in global form, in which case they are referred to as “definitive registered global Securities”) and registered Securities that which are in temporary form are referred to as “temporary registered Securities” (unless such Securities are in global form, in which case they are referred to as “temporary registered global Securities”) and (iii) bearer Securities that which are not in temporary form are referred to as “definitive bearer Securities” (unless such Securities are in global form, in which case they are referred to as “definitive bearer global Securities”) and bearer Securities that which are in temporary form are referred to as “temporary bearer Securities” (unless such Securities are in global form, in which case they are referred to as “temporary bearer global Securities”). All Securities shall be executed manually or in facsimile on behalf of the Issuer by such official or officials of the Issuer Italy as shall have been authorized by the Authorization (the “Authorized Officers”), notwithstanding that such official or officials, or any of them, shall have ceased, for any reason, to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of any such Security. The Securities of a Series may also have such additional provisions, omissions, variations or substitutions as are not inconsistent with the provisions of this Agreement or of the Authorization, and may have such letters, numbers or other marks of identification and such legends or endorsements not referred to in the Authorization placed thereon as may be required to comply with any law or with any rules made pursuant thereto or with Table of Contents the rules of any securities exchange or governmental agency or as may be required by any depositary or as may, consistently herewith, be determined by the Authorized Officers executing such Securities, as conclusively evidenced by their execution of such Securities. All Securities of a particular Series shall be otherwise substantially identical except as to denomination and as provided herein or in the Authorization.