Common use of TEN ENT Clause in Contracts

TEN ENT. as tenants by the entireties JT TEN--as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. OPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, to the undersigned, at: _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ (Please print or typewrite name and address of the undersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at 000 Xxxxxxx Xxxxxx, Floor 21 West, New York, New York 10286 (or at such other office or offices in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note with this "Option to Elect Repayment" form duly completed will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Day. 6 If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which must be in denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be reissued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). Portion to be repaid: Signature: ____________________ $ _____________________________ NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change whatsoever. Denomination(s) of Notes to be reissued to Holder: $ _____________________________ Date __________________________ Signature Guarantee: __________ 7

TEN ENT. as tenants by the entireties JT TEN--as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. OPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, to the undersigned, at: _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- (Please print or typewrite name and address of the undersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at 000 Xxxxxxx Xxxxxx, Floor 21 West, New York, New York 10286 (or at such other office place or offices places in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal Principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note Note, with this "Option to Elect Repayment" form duly completed completed, will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Day. 6 If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which must shall be in denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be reissued issued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). Portion to be repaid: Signature: ____________________ $ _____________________________ NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change whatsoever. Denomination(s) of Notes to be reissued to Holder: $ _______ Signature: __________________________ Date __________________________ Signature Guarantee: __________ 7Notice: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change whatsoever. 12

TEN ENT. as tenants by the (Cust) (Minor) entireties JT TEN--as TEN --as joint tenants with Under Uniform Gifts to Minors Act right of survivorship and not as tenants in common ........................................... Additional abbreviations may also be used though not in the above list. OPTION TO ELECT REPAYMENT The FOR VALUE RECEIVED, the undersigned hereby irrevocably request(ssell(s), assign(s) and instruct(stransfer(s) the Company to repay this Note (unto Please Insert Social Security or portion hereof specified below) pursuant to its terms at a price equal to 100% Other Identifying Number of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, to the undersigned, at: Assignee ____________________________________ /________________________________/________________________________________ PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE ____________________________________________________________________________ _______________________________________________________________________________ _________________________________the within Note of PHILLIPS PETROLEUM COMPANY and does hereby irrevocably xxxxxxxute and appoint ______________________________________________ (Please print or typewrite name and address attorney to transfer the said Note on the books of the undersigned.) For this Note to be repaid in whole or in partCompany, the Paying Agent must receive at 000 Xxxxxxx Xxxxxx, Floor 21 West, New York, New York 10286 (or at such other office or offices in The City with full power of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company substitution in the United States setting forth the name of the Holder of this Note, the principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note with this "Option to Elect Repayment" form duly completed will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Daypremises. 6 If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which must be in denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be reissued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). Portion to be repaid: Signature: Dated:_______________ __________________________________________ $ __________________________________________ NOTICE: The signature on to this Option to Elect Repayment assignment must correspond with the name as written upon the face of this Note the within instrument in every particular, without alteration or enlargement or any change whatsoeverwhatever. Denomination(sEXHIBIT B CUSIP NO. PRINCIPAL AMOUNT: REGISTERED NO. PHILLIPS PETROLEUM COMPANY MEDIUM-TXXX XXXXTING RATE NOTE Due From Nine Months to 30 Years From Date of Issue Unless this certificate is presented by an authorized representative of The Depository Trust Company (55 Water Street, New York, New York) to the issuer or its xxxxx xxx xxxxxxxxxxxx xx xxxxxfer, exchange or payment, and any certificate issued is registered in the name of Notes Cede & Co. or such other name as requested by an authorized representative of The Depository Trust Company and any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.* If applicable, the following will be reissued completed solely for purposes of the U.S. Federal Income Tax "Original Issue Discount" rules, as that term is defined in Section 1273 of the Internal Revenue Code of 1986, as amended. This information is provided solely for the purposes of applying the U.S. Federal Income Tax Original Issue Discount ("OID") rules to Holder: $ the certificate and is based on an interpretation of proposed Treasury regulations. The Issue Date of this certificate is ________________. This certificate has been issued with _______________________________ Date *Applies to Global Notes only of OID per $1,000 of initial principal amount. The annual yield to maturity is _____% based on semi-annual compounding. The amount of OID attributable to the initial accrual period is ______________ per $1,000 of initial principal amount, contributed under the ___________________________ Signature Guarantee: __________ 7method as defined in proposed Treasury regulations.

TEN ENT. as tenants by the entireties JT TEN--as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. OPTION TO ELECT REPAYMENT The undersigned hereby irrevocably request(s) and instruct(s) the Company to repay this Note (or portion hereof specified below) pursuant to its terms at a price equal to 100% of the principal amount of this Note (or of such specified portion) together with interest on the amount to be repaid to the repayment date, to the undersigned, at: _______________________________________________________________________________ _______________________________________________________________________________ _______________________________________________________________________________ (Please print or typewrite name and address of the undersigned.) For this Note to be repaid in whole or in part, the Paying Agent must receive at 000 Xxxxxxx Xxxxxx, Floor 21 West, New York, New York 10286 (or at such other office place or offices places in The City of New York, New York of which the Company shall from time to time notify the Holder of this Note), not more than 60 nor less than 30 days prior to an Optional Repayment Date, if any, shown on this Note, either (i) this Note with this "Option to Elect Repayment" form duly completed or (ii) a telegram, telex, facsimile transmission or letter from a member of a national securities exchange or the National Association of Securities Dealers, Inc. or a commercial bank or trust company in the United States setting forth the name of the Holder of this Note, the principal Principal amount of this Note, the principal amount of this Note to be repaid, the certificate number or a description of the tenor and terms hereof, a statement that the option to elect repayment is being exercised thereby and a guarantee that this Note Note, with this "Option to Elect Repayment" form duly completed completed, will be surrendered to the Paying Agent not later than five Business Days after the date of such telegram, telex, facsimile transmission or letter and this Note, with this form duly completed, are received by the Paying Agent by such fifth Business Day. 6 7 If less than the entire principal amount of this Note is to be repaid, specify the portion hereof (which must shall be in denominations of $1,000 principal amount) which the Holder elects to have repaid and specify the denomination or denominations (which shall be $1,000 or an integral multiple of $1,000) of the Notes to be reissued issued to the Holder for the portion of this Note not being repaid (in the absence of any such specification, one such Note will be issued for the portion not being repaid). Portion to be repaid: $ _____________________________ Signature: ____________________ $ ___Date __________________________ NOTICE: The signature on this Option to Elect Repayment must correspond with the name as written upon the face of this Note in every particular, without alteration or enlargement or any change whatsoever. Denomination(s) of Notes to be reissued to Holder: $ _____________________________ Date __________________________ Signature Guarantee: __________ 78