THIS NOTE IS A
GLOBAL SECURITY. UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (THE
“DEPOSITORY”) TO THE COMPANY OR ITS AGENT FOR
REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED
IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND
ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR
TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN.
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REGISTERED
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PRINCIPAL AMOUNT
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$400,000,000
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CUSIP: 037411
AU 9
ISIN: US037411AU90
Apache Corporation
6.000% NOTES DUE 2013
APACHE
CORPORATION, a Delaware corporation (the “Company”,
which term includes any successor corporation under the Indenture
hereinafter referred to), for value received hereby promises to pay
to Cede & Co., or registered assigns, the principal sum of Four
Hundred Million Dollars on September 15, 2013 (“Stated
Maturity”) and to pay interest thereon from October 1,
2008 or from the most recent date in respect of which interest has
been paid or duly provided for, on March 15 and
September 15 of each year (each, an “Interest Payment
Date”), commencing March 15, 2009, and at Stated
Maturity or upon such other date on which the principal of this
Note becomes due and payable, whether by declaration of
acceleration, notice of redemption or otherwise, and including any
Redemption Date or Change in Control Purchase Date (each such date,
“Maturity”), at the rate of 6.000% per annum, until the
principal hereof is paid or duly made available for payment. The
interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, as provided in the Indenture
referred to below, be paid to the Person in whose name this Note
(or one or more Predecessor Securities) is registered as of the
close of business on March 1 or September 1, as the case may
be (whether or not a Business Day), next preceding such Interest
Payment Date (each such date, a “Regular Record Date”).
Any such interest which is payable, but is not punctually paid or
duly provided for, on any Interest Payment Date shall forthwith
cease to be payable to the Holder of this Note on such Regular
Record Date, and shall be paid to the Person in whose name this
Note (or one or more Predecessor Securities) is registered at the
close of business on a Special Record Date for the payment of such
defaulted interest to be fixed by the Trustee, notice whereof shall
be given to the Holder of this Note not less than 10 days
prior to such Special Record Date, or may be paid in any other
lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed, and upon such
notice as may be required by such exchange, all as more fully
provided in the Indenture.
Payment of the
principal of, and premium, if any, and interest on, this Note will
be made at the office or agency maintained for that purpose in the
Borough of Manhattan, The City of New York, in such coin or
currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts; provided,
however, that payment of interest may be made at the option of the
Company by check mailed to the Person in whose name this Note is
registered at the close of business on the related record date;
provided further, that, notwithstanding anything else contained
herein, if this Note is a Global Security and is held in book-entry
form through the facilities of the Depository, payments on this
Note will be made to the Depository or its nominee in accordance
with the arrangements then in effect between the Trustee and the
Depository.
Reference is
hereby made to the further provisions of this Note set forth on the
succeeding pages hereof, which further provisions shall for all
purposes have the same effect as if set forth herein.
CERTIFICATE OF
AUTHENTICATION
This is one of the
Securities of the series designated herein, referred to in the
within-mentioned Indenture.
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The Bank of New
York Mellon Trust Company, N.A.,
as Trustee
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By:
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Authorized
Officer
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Apache Corporation
6.000% NOTES DUE 2013
This Note is one
of a duly authorized issue of Securities of the Company issued
under an Indenture, dated as of February 15, 1996, between the
Company and The Bank of New York Mellon Trust Company, N.A.
(formerly known as The Bank of New York Trust Company, N.A., as
successor-in-interest to JP Morgan Chase Bank, N.A., formerly known
as The Chase Manhattan Bank), as trustee (the “
Trustee ”, which term includes any successor trustee
under the Indenture), as supplemented by that certain First
Supplemental Indenture, dated November 5, 1996, between the
Company and the Trustee (the “ Indenture ”),
designated as the 6.000% Notes due 2013 (the “Notes”),
limited to $400,000,000 aggregate principal amount, subject to the
provisions of the Indenture. Reference is made to the Indenture for
a statement of the respective rights, limitations of rights, duties
and immunities thereunder of the Company, the Trustee and the
Holders of the Notes and of the terms upon which the Notes are, and
are to be, authenticated and delivered. All terms used in this Note
set forth below which are not defined herein and which are defined
in the Indenture shall have the meanings assigned to them in the
Indenture.
The Indenture
provides for the defeasance of the Notes and certain covenants in
certain circumstances.
This Note is
unsecured as to payment of principal and premium, if any, and
interest, and ranks pari passu with all other unsecured
unsubordinated indebtedness of the Company.
Interest payments
on this Note will include interest accrued to but excluding the
applicable Interest Payment Date or Maturity hereof, as the case
may be. Interest payments for this Note shall be computed and paid
on the basis of a 360-day year of twelve 30-day months.
In the case where
the applicable Interest Payment Date or Maturity with respect
hereto, as the case may be, does not fall on a Business Day,
payment of principal, premium, if any, or interest otherwise
payable on such day need not be made on such day, but may be made
on the next succeeding Business Day with the same force and effect
as if made on the Interest Payment Date or at Maturity and, unless
the Company defaults on such payment, no interest shall accrue with
respect to such payment for the period from and after the Interest
Payment Date or such Maturity, as the case may be, to the date of
payment. “Business Day” means any day other than a
Saturday, Sunday or other day on which banking institutions in The
City of New York are authorized or obligated by law, regulation or
executive order to close.
The Notes will not
be subject to any sinking fund and, except as provided in the
Indenture or herein, will not be redeemable or repayable prior to
their Stated Maturity.
The Notes are
redeemable as a whole or in part, at the Company’s option at
any time, at a Redemption Price equal to the greater of
(i) 100 percent of their principal amount or
(ii) the sum of the present values of the remaining scheduled
payments of principal and interest thereon (not including any
portion of such payments of interest accrued to the Redemption
Date) discounted to the Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the
applicable Treasury Rate plus 50 basis points, plus, in each case,
accrued interest to the Redemption Date. The Company will, however,
pay the interest installment due on any Interest Payment Date that
occurs on or before a Redemption Date to the Holders as of the
close of business on the Regular Record Date immediately preceding
that Interest Payment Date.
“Treasury
Rate” means, with respect to any Redemption Date,
(a) the yield, under the
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