Common use of Extendable provisions Clause in Contracts

Extendable provisions. Securities are repayable on ________, ___ [insert day and years], at the option of the holder, at their principal amount with accrued interest. Initial annual interest rate will be ___%, and thereafter annual interest rate will be adjusted on __________, __ and ______, __ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ____-year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Securities are Floating Rate debt Securities insert ---] Initial annual interest rate will be ___% through ___[and thereafter will be adjusted [monthly] [on each _________, _________, ________ and __________] [to an annual rate of ____% above the average rate for ____-year [month] [securities] [certificates of deposit] issued by ________ and ________ [insert names of banks].] [and the annual interest rate [thereafter] [from _________ through _________] will be the interest yield equivalent of the weekly average per annum market discount rate for ____-month Treasury bills plus ___% of Interest Differential (the excess, if any, of (i) then currently weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from _________ and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].] Designated Representatives: Address for Notices, etc.: * A description of particular tax, accounting or other unusual features (such as the addition of event risk language) of the Securities should be set forth, or referenced to an attached and accompanying description, if necessary to ensure agreement as to the terms of the Securities to be purchased and sold. Such a description might appropriately be in the form in which such features will be described in the Prospectus Supplement for the offering.

Extendable provisions. The Designated Securities are repayable on ________, ___ [insert day and years], at the option of the holder, at their principal amount with accrued interest. Initial The initial annual interest rate will be ___%, and thereafter the annual interest rate will be adjusted on __________, __ , and ______, __ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ____-year year maturities as of the [insert interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate debt Securities insert ---] Initial Debt Securities, insert— Floating Rate Provisions: The initial annual interest rate will be ___% through ___[and thereafter will be adjusted [monthly] [on each _________, _________, ________ and __________] [to an annual rate of ____% above the average rate for ____-year [month-month] [securities] [certificates of deposit] issued by ________ and ________ [insert names of banks].] [and the annual interest rate [thereafter] [from _________ through _________] will be the interest yield equivalent of the weekly average per annum market discount rate for ____-month Treasury bills plus ___% of the Interest Differential (the excess, if any, of (i) then currently the then-current weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) then the then-current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] Time of Delivery: [time and date], 20 Closing Location: The offices of Shearman & Sterling LLP, ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. Funds in which Underwriters to make Payment: [Immediately available funds] [[New York] Clearing House funds] Delayed Delivery: [None] [Underwriters’ commission shall be % of the principal amount of Designated Securities for which Delayed Delivery Contracts have been entered into. Such commission shall be payable to the order of .] [Minimum aggregate principal amount of Designated Securities to be offered and sold pursuant to Delayed Delivery Contracts: $ .] [Minimum aggregate principal amount of Designated Securities to be offered and sold pursuant to Delayed Delivery Contracts: $ .] [Additional Comfort Procedures:] [Other Terms:] Materials other than the Statutory Prospectus that comprise the General Disclosure Package: Term Sheet, dated [_________ _] Issuer: Ford Motor Company Size: Maturity: Coupon: Trade Date: [Initial Interest Determination Date:] Issue Date: Settlement Date: Price to Public: [Proceeds (Before Expenses) to Issuer]: Interest Payment [and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].Reset] Designated Representatives: Address for Notices, etc.: * A description of particular tax, accounting or other unusual features (such as the addition of event risk language) of the Securities should be set forth, or referenced to an attached and accompanying description, if necessary to ensure agreement as to the terms of the Securities to be purchased and sold. Such a description might appropriately be in the form in which such features will be described in the Prospectus Supplement for the offering.Dates:

Extendable provisions. Designated Securities are repayable on ________, ___ [insert day date and years], at the option of the holder, at their principal amount with accrued interest. Initial The initial annual interest rate will be ___%, and thereafter the annual interest rate will be adjusted on __________, __ and ______, __ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ____-year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate floating rate debt Securities insert ---] securities, insert-- FLOATING RATE PROVISIONS: Initial annual interest rate will be ___% through ___[and thereafter will be adjusted [monthly] [on each _________, _________, ________ and __________] [to an annual rate of ____% above the average rate for ____-year [month] [securities] [certificates month][securities][certificates of deposit] issued by ________ and ________ [insert names of banks].] [and the annual interest rate [thereafter] [from _________ through _________] will be the interest yield equivalent of the weekly average per annum market discount rate for ____-month Treasury bills plus ___% of Interest Differential (the excess, if any, of (i) the then currently current weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) the then current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from _________ and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].] Designated RepresentativesDEFEASANCE PROVISIONS: Address for Notices, etc.EXCHANGE OR CONVERSION PROVISIONS: * A description of particular tax, accounting or other unusual features (such as the addition of event risk languageCLOSING LOCATION FOR DELIVERY OF DESIGNATED SECURITIES: ADDITIONAL CLOSING CONDITIONS: Paragraph 7(g) of the Securities Underwriting Agreement should be set forthmodified in the event that the Securities are denominated in, indexed to, or referenced to an attached and accompanying descriptionprincipal or interest are paid in, if necessary to ensure agreement as a currency other than the U.S. dollar, more than one currency or in a composite currency. The country or countries issuing such currency should be added to the terms of banking moratorium and hostilities clauses and the Securities following additional clause should be added to the paragraph (the entire paragraph should be purchased and sold. Such a description might appropriately be in the form in which such features will be described in the Prospectus Supplement for the offering.restated, as amended):

Extendable provisions. Securities are repayable on ________, ___ [insert day date and years], at the option of the holder, at their principal amount with accrued interest. Initial annual interest rate will be ___%, and thereafter annual interest rate will be adjusted on __________, __ and ______, __ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ____-year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Securities are Floating Rate debt Securities insert ---] Debt Securities, insert— Initial annual interest rate will be ___% through ___[and thereafter will be adjusted [monthly] [on each _________, _________, ________ and __________] [to an annual rate of ____% above the average rate for ____-year [month] [securities] [certificates of deposit] issued by ________ and ________ [insert names of banks].] [and the annual interest rate [thereafter] [from _________ through _________] will be the interest yield equivalent of the weekly average per annum market discount rate for ____-month Treasury bills plus ___% of Interest Differential (the excess, if any, of (i) then currently current weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from _________ and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].] Designated Representatives: Address Barclays Capital Inc. ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Lynch, Pierce, ▇▇▇▇▇▇ & ▇▇▇▇▇ Incorporated ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ UBS Securities LLC ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ MiFID II professionals/ECPs-only/ No PRIIPs key information document (“KID”) – ▇▇▇▇▇▇▇ ▇▇▇▇▇ & Co. LLC is a Manufacturer under the Product Governance Rules. Each Manufacturer target market for Notices, etc.: * A description of particular tax, accounting or other unusual features MIFID II product governance purposes is eligible counterparties and professional clients only (such all distribution channels). No PRIIPs KID has been prepared as the addition of event risk language) Designated Securities are not available to retail in the European Economic Area. Any offer of the Securities should be set forthDesignated Securities, or referenced to an attached each announcement thereof and accompanying description, if necessary to ensure agreement as to the terms of the Securities to be purchased and sold. Such a description might appropriately be in the form any document in which such features will be described in an offer is made or announced comply with the Prospectus Supplement for laws and regulations of any State where persons to whom the offeringoffer is made are resident.

Extendable provisions. Designated Securities are repayable on ________, ___ [insert day date and years], at the option of the holder, at their principal amount with accrued interest. Initial The initial annual interest rate will be ___%, and thereafter the annual interest rate will be adjusted on __________, __ and ______, __ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ____-year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate floating rate debt Securities insert ---] securities, insert-- FLOATING RATE PROVISIONS: Initial annual interest rate will be ___% through ___[and thereafter will be adjusted [monthly] [on each _________, _________, ________ and __________] [to an annual rate of ____% above the average rate for ____-year [month] [securities] [certificates securities][certificates of deposit] issued by ________ and ________ [insert names of banks].] [and the annual interest rate [thereafter] [from _________ through _________] will be the interest yield equivalent of the weekly average per annum market discount rate for ____-month Treasury bills plus ___% of Interest Differential (the excess, if any, of (i) the then currently current weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) the then current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from _________ and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].] [If the Designated RepresentativesSecurities are convertible, insert -- CONVERSION PROVISIONS: Address The initial conversion price will be $ , equivalent to shares of Common Stock for Notices, etceach $1,000 principal amount of Designated Securities.] DEFEASANCE PROVISIONS: * A description The provisions of particular tax, accounting or other unusual features (such as the addition of event risk language) Article of the Securities should Indenture [will/will not] be set forth, or referenced to an attached and accompanying description, if necessary to ensure agreement as applicable to the terms of the Securities to be purchased and sold. Such a description might appropriately be in the form in which such features will be described in the Prospectus Supplement for the offeringDesignated Securities.

Extendable provisions. [Securities are repayable on ________, ___ [insert day date and years], at the option of the holder, at their principal amount with accrued interest. Initial annual interest rate will be ___%, and thereafter annual interest rate will be adjusted on __________, __ and ______, __ to a rate not less than ___% of the effective annual interest rate on U.S. Treasury obligations with ____-year maturities as of the [insert date 15 days prior to maturity date] prior to such [insert maturity date].] [If Securities are Floating Rate debt Securities insert ---] Initial annual interest rate will be ___% through ___[and thereafter will be adjusted [monthly] [on each _________, _________, ________ and __________] [to an annual rate of ____% above the average rate for ____-year [month] [securities] [certificates of deposit] issued by ________ and ________ [insert names of banks].] [and the annual interest rate [thereafter] [from _________ through _________] will be the interest yield equivalent of the weekly average per annum market discount rate for ____-month Treasury bills plus ___% of Interest Differential (the excess, if any, of (i) then currently current weekly average per annum secondary market yield for ___-month certificates of deposit over (ii) then current interest yield equivalent of the weekly average per annum market discount rate for ___-month Treasury bills); [from _________ and thereafter the rate will be the then current interest yield equivalent plus ___% of Interest Differential].] Designated Representatives: Address for Notices, etc.: * A description of particular tax, accounting or other unusual features [NAME OF UNDERWRITERS] (such the “Underwriters”) [ADDRESS] and JPMorgan Chase Bank as Trustee (the addition of event risk language“Trustee”) [ADDRESS] Our ref: SRRE/PDXS Dear Sirs 1 We have acted as English legal advisers to the Issuer and the Guarantor in connection with the issue of the Securities should be set forth, or referenced to an attached Notes and accompanying description, if necessary to ensure agreement as to we have taken instructions solely from the terms of Issuer and the Securities to be purchased and sold. Such a description might appropriately be in the form in which such features will be described in the Prospectus Supplement for the offeringGuarantor.