##### 



BAXTER FINCO B.V.
as Issuer
  BAXTER INTERNATIONAL INC.
 as Guarantor
  J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATION
 as Trustee
 INDENTURE




---



##### 



RECONCILIATION AND TIE BETWEEN TRUST INDENTURE ACT OF 1939,
AS AMENDED, AND INDENTURE CROSS-REFERENCE TABLE 1
 TIA Section
    
    Indenture Section310(a)(1)
    
    7.09(a)(2)
    
    7.09(a)(3)
    
    N.A.(a)(4)
    
    N.A.(a)(5)
    
    7.09(b)
    
    7.09, 7.10(d)(c)
    
    N.A.311(a)
    
    7.14(b)
    
    7.14(c)
    
    N.A.312(a)
    
    8.01(b)
    
    8.02(c)
    
    8.02313(a)
    
    8.03(b)
    
    8.03(c)
    
    8.03(d)
    
    8.03314(a)(1)
    
    8.04(a)(2)
    
    8.04(a)(3)
    
    8.04(a)(4)
    
    5.11, 8.04(b)
    
    N.A.(c)(1)
    
    1.02(c)(2)
    
    1.02(c)(3)
    
    N.A.(d)
    
    N.A.(e)
    
    1.02(f)
    
    N.A.315(a)
    
    7.01(a)(b)
    
    7.02(c)
    
    7.01(b)(d)
    
    7.01(a), (c)(e)
    
    6.08316(a)(1)
    
    6.02, 6.07(a)(2)
    
    N.A.(a)(last sentence)
    
    9.03(b)
    
    11.02(c)
    
    9.02317(a)
    
    6.03(b)
    
    5.10
 
 1
    
    This reconciliation and tie shall not, for any
purpose, be deemed to be part of the Indenture.




---



##### 



318(a)
    
    1.06(b)
    
    N.A.(c)
    
    N.A.




---



##### 



TABLE OF CONTENTS
 PageI.
    
    DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
    
    
    11.01
    
    
    Definitions
    
    
    11.02
    
    
    Compliance Certificates and Opinions
    
    
    91.03
    
    
    Form of Documents Delivered to Trustee
    
    
    101.04
    
    
    Notices, Etc., to Trustee, the Company and the Guarantor
    
    
    101.05
    
    
    Notice to Holders; Waiver
    
    
    111.06
    
    
    Conflict With Trust Indenture Act.
    
    
    121.07
    
    
    Effect of Headings and Table of Contents
    
    
    121.08
    
    
    Successors and Assigns
    
    
    121.09
    
    
    Separability Clause
    
    
    121.10
    
    
    Benefits of Indenture
    
    
    121.11
    
    
    Governing Law
    
    
    121.12
    
    
    Legal Holidays
    
    
    121.13
    
    
    Moneys of Different Currencies to be Segregated
    
    
    131.14
    
    
    Payment to be in Proper Currency
    
    
    131.15
    
    
    Counterparts
    
    
    131.16
    
    
    No Adverse Interpretation of Other Agreements
    
    
    131.17
    
    
    Rules of Construction
    
    
    13II.
    
    SECURITY FORMS
    
    
    142.01
    
    
    Forms Generally
    
    
    142.02
    
    
    Form of Trustees Certificate of Authentication
    
    
    142.03
    
    
    Forms of Securities
    
    
    15III.
    
    THE SECURITIES
    
    
    153.01
    
    
    Amount Unlimited; Issuable in Series
    
    
    153.02
    
    
    Denominations
    
    
    193.03
    
    
    Execution, Authentication, Delivery and Dating
    
    
    193.04
    
    
    Temporary Securities
    
    
    213.05
    
    
    Registration; Registration of Transfer and Exchange
    
    
    223.06
    
    
    Mutilated, Destroyed, Lost and Stolen Securities
    
    
    263.07
    
    
    Payment of Defaulted Interest; Interest Rights Preserved
    
    
    273.08
    
    
    Persons Deemed Owners
    
    
    293.09
    
    
    Cancellation
    
    
    293.10
    
    
    Computation of Interest
    
    
    293.11
    
    
    CUSIP Numbers
    
    
    29IV.
    
    REDEMPTION OF SECURITIES AND SINKING FUNDS
    
    
    304.01
    
    
    Applicability of Right of Redemption
    
    
    304.02
    
    
    Election to Redeem; Notice of Redemption; Partial Redemption
    
    
    304.03
    
    
    Payment of Securities Called for Redemption
    
    
    31




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##### 



4.04
    
    
    Deposit of Funds for Redemption of Securities
    
    
    324.05
    
    
    Applicability of Sinking Fund
    
    
    324.06
    
    
    Satisfaction of Mandatory Sinking Fund Payments with Securities
    
    
    334.07
    
    
    Redemption of Securities for Sinking Funds
    
    
    33V.
    
    PARTICULAR COVENANTS
    
    
    345.01
    
    
    Payments of Principal, Premium, if any, and Interest, if any, and
Additional Amounts
    
    
    345.02
    
    
    Office or Agency for Certain Purposes
    
    
    345.03
    
    
    Maintenance of Corporate Existence and Payment of Taxes
    
    
    355.04
    
    
    Additional Amounts
    
    
    355.05
    
    
    Restriction on the Creation of Secured Debt
    
    
    375.06
    
    
    Restriction on Sale and Leaseback Transactions
    
    
    405.07
    
    
    Restriction on Transfer of Principal Facility to Subsidiaries Other
Than Restricted Subsidiaries
    
    
    405.08
    
    
    Waiver of Certain Covenants
    
    
    415.09
    
    
    Appointments to Fill Vacancies in Trustees Office
    
    
    415.10
    
    
    Provisions as to Paying Agent
    
    
    415.11
    
    
    Annual Officers Certificate to Trustee
    
    
    425.12
    
    
    Rule 144A Information
    
    
    425.13
    
    
    Further Assurances
    
    
    43VI.
    
    REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT
    
    
    436.01
    
    
    Events of Default
    
    
    436.02
    
    
    Acceleration of Maturity; Rescission and Annulment
    
    
    446.03
    
    
    Collection of Indebtedness by Trustee; Trustee May Prove Debt
    
    
    456.04
    
    
    Application of Proceeds
    
    
    466.05
    
    
    Limitations on Suits by Holders
    
    
    466.06
    
    
    Powers and Remedies Cumulative; Delay or Omission Not Waiver
    
    
    476.07
    
    
    Control by Holders; Waiver of Default
    
    
    476.08
    
    
    Undertaking for Costs
    
    
    48VII.
    
    CONCERNING THE TRUSTEE
    
    
    487.01
    
    
    Certain Duties and Responsibilities
    
    
    487.02
    
    
    Notice of Defaults
    
    
    497.03
    
    
    Certain Rights of Trustee
    
    
    497.04
    
    
    Trustee Not Responsible for Recitals, Etc.
    
    
    517.05
    
    
    Trustee and Others May Hold Securities
    
    
    517.06
    
    
    Moneys Held by Trustee or Paying Agent
    
    
    517.07
    
    
    Compensation of Trustee and Its Lien
    
    
    517.08
    
    
    Right of Trustee to Rely on Certificate of Certain Officers
    
    
    527.09
    
    
    Persons Eligible for Appointment As Trustee
    
    
    537.10
    
    
    Resignation and Removal of Trustee; Appointment of Successor
    
    
    537.11
    
    
    Acceptance of Appointment by Successor Trustee
    
    
    547.12
    
    
    Merger, Conversion or Consolidation of Trustee
    
    
    557.13
    
    
    Authenticating Agents
    
    
    55




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##### 



7.14
    
    
    Preferential Collection of Claims
    
    
    57VIII.
    
    HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY
    
    
    588.01
    
    
    Guarantor and Company to Furnish Trustee Names and Addresses of Holders
    
    
    588.02
    
    
    Preservation of Information; Communications to Holders
    
    
    588.03
    
    
    Reports by Trustee
    
    
    588.04
    
    
    Reports by Guarantor and Company
    
    
    59IX.
    
    CONCERNING THE HOLDERS
    
    
    599.01
    
    
    Evidence of Action Taken by Holders
    
    
    599.02
    
    
    Proof of Execution of Instruments and of Holding of Securities
    
    
    609.03
    
    
    Securities Owned by Company or the Guarantor Deemed Not Outstanding
    
    
    619.04
    
    
    Right of Revocation of Action Taken
    
    
    62X.
    
    HOLDERS MEETINGS
    
    
    6210.01
    
    
    Purposes for Which Holders Meetings May be Called
    
    
    6210.02
    
    
    Call of Meetings by Trustee
    
    
    6210.03
    
    
    Company, Guarantor and Holders May Call Meeting
    
    
    6310.04
    
    
    Persons Entitled to Vote at Meeting
    
    
    6310.05
    
    
    Determination of Voting Rights; Conduct and Adjournment of Meeting
    
    
    6310.06
    
    
    Counting Votes and Recording Action of Meeting
    
    
    64XI.
    
    SUPPLEMENTAL INDENTURES
    
    
    6511.01
    
    
    Supplemental Indentures Without Consent of Holders
    
    
    6511.02
    
    
    Supplemental Indentures With Consent of Holders
    
    
    6611.03
    
    
    Effect of Supplemental Indentures
    
    
    6811.04
    
    
    Notation on Securities in Respect of Supplemental Indentures
    
    
    6811.05
    
    
    Opinion of Counsel to Be Given Trustee
    
    
    68XII.
    
    CONSOLIDATION, MERGER AND SALE
    
    
    6912.01
    
    
    Company and Guarantor May Consolidate or Merge, Etc.
    
    
    6912.02
    
    
    Conditions to Consolidation or Merger, Etc.
    
    
    6912.03
    
    
    Documents and Opinion to Be Furnished to the Trustee
    
    
    70XIII.
    
    SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE; UNCLAIMED MONEYS
    
    
    7013.01
    
    
    Satisfaction and Discharge
    
    
    7013.02
    
    
    Defeasance and Covenant Defeasance
    
    
    7213.03
    
    
    Application by Trustee of Funds Deposited for Payment of Securities
    
    
    7713.04
    
    
    Repayment of Moneys Held by Paying Agent
    
    
    7713.05
    
    
    Return of Unclaimed Moneys
    
    
    7713.06
    
    
    Reinstatement
    
    
    78




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##### 



XIV.
    
    IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
    
    
    7814.01
    
    
    Personal Immunity from Liability of Incorporators, Stockholders, Etc.
    
    
    78XV.
    
    SUBMISSION TO JURISDICTION
    
    
    7815.01
    
    
    Agent for Service: Submission to Jurisdiction
    
    
    7815.02
    
    
    Waiver of Immunities
    
    
    79XVI.
    
    PARENT GUARANTEE
    
    
    7916.01
    
    
    Execution and Delivery of Parent Guarantee
    
    
    79




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##### 



INDENTURE Company Guarantor Trustee
 WHEREAS Securities
 WHEREAS
 NOW THEREFORE
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
 Definitions.
  Additional Amounts
 Authenticating Agent Section 7.13
 Authorized Newspaper




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##### 



Authorized Officer
 Bearer Security Section 2.03
 Board of Directors
 Board Resolution
 Business Day
 Commission
 Company Designation Section 4.02
 Consolidated Net Tangible Assets
   2




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##### 



Conversion Event
 Corporate Trust Office
 corporation
 coupon
 debt securities
 Defaulted Interest Section 3.07
 Depositary Section 3.01 Depositary Depositary
 Dollar $
 Dollar Determination Agent
 Event of Default Section 6.01
 Exchange Act
 Exchange Rate Agent Section 9.02
 Foreign Currency
 3




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##### 



Funded Debt
 GAAP Section 3.01
 Global Security Section
3.03
 Government Obligations
 Guaranteed Series Section 3.01 Article XI
 Holder
 Indenture Section 3.01
 interest
 4




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##### 



Interest Payment Date
 mandatory sinking fund payment Section 4.05
 maturity
 Officers Certificate
 Opinion of Counsel
 optional sinking fund payment Section 4.05
 Original Issue Discount Security Section 6.02
 Outstanding Section 9.03
  Section 13.01 13.02 Section
13.01 13.02 Article IV
 Section 3.06
  5




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##### 



Section
6.02
 Parent Guarantee Section 3.01 Article XI
 Paying Agent
 Person person
 Place of Payment Section 3.01
 Principal Facility
 redemption date
 redemption price
 Registered Security Section 2.03
 Regular Record Date Section
3.01
 Required Currency Section 1.14(a)
 6




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##### 



Responsible Officer
 Restricted Subsidiary
 Rule 144A Guaranteed Series
 Rule 144A Series Section 3.01 Article XI
 Rule 144A Unguaranteed Series
 Sale and Leaseback Transaction subparagraphs (A) (L) Section 5.05
 7




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##### 



Secured Debt
 Securities Act
 Security Securities
 Security Interest
 Security Register Security Registrar Section 3.05
 Special Record Date Section 3.07
 Stated Maturity
 stock
 Superior Indebtedness
 Trustee
 8




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##### 



Trust Indenture Act
 Trustee Selection Section 4.02
 United States
 United States Alien
   Section 5.11
    9




---



##### 



Form of Documents Delivered to Trustee.
    Notices, Etc., to Trustee, the Company and the Guarantor.
     10




---



##### 



Notice to Holders; Waiver.
 Section 1.05(b) Section 1.05(b)
 Section 1.05(b) Section 1.05(b) Section 1.05(b) Section 1.05(a)
  11




---



##### 



Conflict With Trust Indenture Act.
  Effect of Headings and Table of Contents.
  Successors and Assigns.
  Separability Clause.
  Benefits of Indenture.
  Governing Law.
  Legal Holidays.
 Section 3.01
 12




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##### 



Moneys of Different Currencies to be Segregated.
  Payment to be in Proper Currency.
 Required Currency
  Counterparts.
  No Adverse Interpretation of Other Agreements.
  Rules of Construction.
    13




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##### 



SECURITY FORMS
 Forms Generally.
 Section 3.03
 Article II
 Form of Trustees Certificate of Authentication.
      14




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##### 



Forms of Securities.
 Section 3.01 Section
3.01 Section 3.01
 THE SECURITIES
 Amount Unlimited; Issuable in Series.
  Section 3.01
  Section 3.04 3.05 3.06 4.03 11.04
   15




---



##### 



16




---



##### 



Section 6.02
 Section 13.01
 Section 13.02
 Section 1.01
 Section 6.01 Article VI
 Article V
  17




---



##### 



Section 3.04
 Section 1.12
      Article XVI
    18




---



##### 



Denominations.
 Section 3.01 Section 3.03
 Execution, Authentication, Delivery and Dating.
 Section 3.01 Article XVI
    19




---



##### 



Sections 2.01 3.01
 Section 1.02
 Section 2.01 Section 3.01
 Sections 2.01 3.01 3.03
   Section 3.01 Section 3.03
 20




---



##### 



Section 3.01
 Section 3.01
 Section 3.01 Section 3.03 Section 3.01 Section 3.03
 Temporary Securities.
 Section 3.03
 Section 3.01
 21




---



##### 



Section 3.01
 Registration; Registration of Transfer and Exchange.
 Section 5.02 Security Register Security Registrar
 Section 5.02
  Section
5.02
 22




---



##### 



Section 3.05
 Section
3.01 Section 5.02 Section
5.02
 Section
3.03
 23




---



##### 



Section 3.01(O)
  Section 3.01
    24




---



##### 



Section 3.05 Section 3.05
     25




---



##### 



Section 4.02
    Mutilated, Destroyed, Lost and Stolen Securities.
  bona fide
 26




---



##### 



Section 5.02 Section 3.01
 Section 3.06
 Section 3.06
 Section 3.06
 Payment of Defaulted Interest; Interest Rights Preserved.
  Defaulted
Interest
  27




---



##### 



Section 3.07
 28




---



##### 



Persons Deemed Owners.
 Section
3.07
   Cancellation.
 Section 3.09
 Computation of Interest.
 Section 3.01
 CUSIP Numbers.
  29




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##### 



REDEMPTION OF SECURITIES AND SINKING FUNDS
 Applicability of Right of Redemption.
 Sections 4.02 4.03 4.04 Article IV Article IV
 Election to Redeem; Notice of Redemption; Partial Redemption.
 Section 4.02
 Section 1.05
 Section 5.02 Section 3.01
 30




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##### 



Section 3.01
 Company Designation Trustee
Selection Section 1.05
 Section 4.02
 Payment of Securities Called for Redemption.
 Section 4.02 Section 5.02 Section 3.01 Section 3.01 Section 3.07
 31




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##### 



Section 5.02 Section 3.01
  Deposit of Funds for Redemption of Securities.
 Article IV
 Applicability of Sinking Fund.
 Section 3.01 Section 3.01 Article IV Article IV Article IV
 mandatory sinking fund payment optional sinking fund payment Section 4.06
 32




---



##### 



Satisfaction of Mandatory Sinking Fund Payments with Securities.
 Section 4.07
 Redemption of Securities for Sinking Funds.
 Section 4.06 Section 4.06
 Section 4.07
 33




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##### 



Section 4.02 Section 4.02 Section
4.03
 Section 5.10(b) Section 4.07
 PARTICULAR COVENANTS
 Payments of Principal, Premium, if any, and Interest, if any, and Additional Amounts.
  Office or Agency for Certain Purposes.
  34




---



##### 



Maintenance of Corporate Existence and Payment of Taxes.
 Article XII Article XII
 Additional Amounts.
  35




---



##### 



Section 3.01
     36




---



##### 



Section 5.04
 Section 5.04 mutatis mutandis
 Restriction on the Creation of Secured Debt.
  37




---



##### 



clauses (2) (3) (4) (5)
      38




---



##### 



subparagraphs (A) (K)
 Section 5.05 subparagraphs (A) (L) subparagraphs (A) (L) clause (b) Section 5.06 value
 39




---



##### 



Restriction on Sale and Leaseback Transactions.
 Section 5.05 Section 5.05 Article IV Section 5.06
 Restriction on Transfer of Principal Facility to Subsidiaries Other Than Restricted
Subsidiaries.
 Article IV
 40




---



##### 



clause
(b) Section 5.07
 Waiver of Certain Covenants.
 Section 5.02 Section 5.07 Section
3.01
 Appointments to Fill Vacancies in Trustees Office.
 Section 7.10
 Provisions as to Paying Agent
 Section
5.10
   41




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##### 



Section 5.10 Section 5.10
 Section 5.10 Section 5.10 Sections 13.04 13.05
 Annual Officers Certificate to Trustee.
  Rule 144A Information
 Section
5.12(A)
 Section 5.12(B)
 42




---



##### 



Further Assurances.
  REMEDIES OF THE TRUSTEE AND HOLDERS ON EVENT OF DEFAULT
 Events of Default.
 Event of Default Section
3.01
    Section
6.01 notice of default
  43




---



##### 



Acceleration of Maturity; Rescission and Annulment.
 clause (F) (G) Section 6.01) clause (F) (G) Section 6.01
 44




---



##### 



ipso
facto
 Article VI Section 6.07
 Section
11.01 Section 3.01
 Collection of Indebtedness by Trustee; Trustee May Prove Debt.
   45




---



##### 



Application of Proceeds.
 Section 6.03
 Section 7.07
   Limitations on Suits by Holders.
  46




---



##### 



Section
6.07
 Powers and Remedies Cumulative; Delay or Omission Not Waiver.
 Article VI Section 6.05 Section 6.05 Article VI
 Control by Holders; Waiver of Default.
 Section 11.02
 47




---



##### 



Undertaking for Costs.
 Section 6.08 Section 6.05
 CONCERNING THE TRUSTEE
 Certain Duties and Responsibilities.
   Section 3.01
   Section 7.01(c) Section
7.01(a)
 48




---



##### 



Section 6.07
  Section 7.01
 Notice of Defaults.
 Section 8.03 Section 6.01(D) Section 7.02 default
 Certain Rights of Trustee.
    49




---



##### 



50




---



##### 



Section 7.05
  Trustee Not Responsible for Recitals, Etc.
  Trustee and Others May Hold Securities.
  Moneys Held by Trustee or Paying Agent.
 Sections 13.04 13.05 Section 7.06 Section 5.10(b)
 Compensation of Trustee and Its Lien.
  51




---



##### 



Section 7.07
 Section 7.07
 Section 6.01(F) Section 6.01(G)
  Right of Trustee to Rely on Certificate of Certain Officers.
  52




---



##### 



Persons Eligible for Appointment As Trustee.
 Section 7.09 Section Section 7.10
 Resignation and Removal of Trustee; Appointment of Successor.
 Section 1.05 bona fide
  Section 7.09
 53




---



##### 



bona fide
 Section
9.01
 Section 7.10 Section 7.11
 Acceptance of Appointment by Successor Trustee.
 Section 7.10 Section 7.07 Section 7.07
  54




---



##### 



Section 7.09
 Section 1.05
 Merger, Conversion or Consolidation of Trustee.
 Section 7.09
 Authenticating Agents.
 Section 7.13
 55




---



##### 



Section 7.13 Section 7.13 Section 7.13
 Section 7.13
 Section 7.13 Section 1.05 Section 7.13 Section 7.13
 Section 7.13
  56




---



##### 



Section 7.13
  Section 7.07
 Sections 7.04 7.05 7.08
 Section
7.13
    By:Authorized SignatoryDated:
 Preferential Collection of Claims.
  57




---



##### 



HOLDERS LISTS AND REPORTS BY TRUSTEE AND COMPANY
 Guarantor and Company to Furnish Trustee Names and Addresses of Holders.
     Preservation of Information; Communications to Holders.
   Reports by Trustee.
 Section 3.01
  58




---



##### 



Section 8.03
 Reports by Guarantor and Company.
    Section 8.04
 CONCERNING THE HOLDERS
 Evidence of Action Taken by Holders.
 Article X
 59




---



##### 



Proof of Execution of Instruments and of Holding of Securities.
 Sections 7.03 10.05
    Section 9.02
  60




---



##### 



Exchange Rate Agent
 Section 9.02
 Section 10.06.
 Securities Owned by Company or the Guarantor Deemed Not Outstanding.
 Section 9.03
 61




---



##### 



Right of Revocation of Action Taken.
 Section
9.01 Section 9.02
 HOLDERS MEETINGS
 Purposes for Which Holders Meetings May be Called.
 Article X
 Article VI
 Article VII
 Section 11.02
  Call of Meetings by Trustee.
  62




---



##### 



Section 1.05
 Company, Guarantor and Holders May Call Meeting.
 Section 10.01 Section 10.02
 Persons Entitled to Vote at Meeting.
  Determination of Voting Rights; Conduct and Adjournment of Meeting.
 Section 9.02 Section 9.02 Section 9.02
 Section 10.03
 63




---



##### 



Section 9.03
 Section 10.02 10.03
  Counting Votes and Recording Action of Meeting.
 Section 10.02 10.03
  64




---



##### 



SUPPLEMENTAL INDENTURES
 Supplemental Indentures Without Consent of Holders.
   Article XII
  Sections 2.01 3.01 3.03
   65




---



##### 



Sections 2.01 3.01 3.03
 Section 7.11
  Section 11.01 Section 11.02
 Supplemental Indentures With Consent of Holders.
 Section 9.01
 66




---



##### 



Section 5.04 Article
XII Section 11.01 Section 6.02 Section 6.03
 Section
5.08 Section 6.07
 Section 11.02 Section 5.08 Section 6.07
   67




---



##### 



Section 11.02
 Section 11.02 Section 1.05
 Effect of Supplemental Indentures.
 Article XI
 Notation on Securities in Respect of Supplemental Indentures.
 Article XI Article X
 Opinion of Counsel to Be Given Trustee.
 Section 7.03 Article
XI
 68




---



##### 



CONSOLIDATION, MERGER AND SALE
 Company and Guarantor May Consolidate or Merge, Etc.
 Section 12.02
 Conditions to Consolidation or Merger, Etc.
    69




---



##### 



Documents and Opinion to Be Furnished to the Trustee.
 Section 12.02
 SATISFACTION AND DISCHARGE OF INDENTURE;
 DEFEASANCE; UNCLAIMED MONEYS
 Satisfaction and Discharge.
 Section 3.01 Section 13.01
  Section 3.05 Section 3.06 Section 4.03 Section 13.05
    70




---



##### 



Section
7.07 subclause
(ii) clause (A) Section 13.01 Sections
3.05 3.06 5.02 5.10 13.03 13.06 Section 5.04 Section 13.01(A)(ii) Section 3.01
 71




---



##### 



Section 3.01 Section 3.01 Section 3.01
 Defeasance and Covenant Defeasance.
 Section 3.01 clause (b) Section 13.02 clause (c) Section 13.02 Section 13.02 Section 3.01 Section 13.02(b) Section 13.02(c) Section 13.02 Section 3.01 clause (b) Section 13.02 clause (c) Section 13.02 Section 3.01
 Section 13.02(b) clause (d) Section 13.02 defeasance
 72




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##### 



Outstanding clause (e) Section 13.02 clauses (i) (iv) clause (ii) clause (d)(A) Section 13.02 Section 13.02 Section 13.03 Sections 3.05 3.06 5.02 5.10 Section 5.04 clause (d)(A) Section 13.02 Section 3.01 Section 3.01 Section 3.01 Section 13.02 Sections 13.03 13.06 Section 3.01
 Section
13.02(c) Sections 5.03 5.05, 5.06 5.07 Section 3.01 Section 6.01(E) clause (c) Section
13.02 covenant defeasance
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Section 6.01(E) Section
6.01(D) 6.01(H) Section 6.01(E)
 clause (b) (c) Section 13.02
 Section 7.09 Section 13.02 subsection (F) subsection (F)
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Section 13.02(b) clause (F) (G) Section 6.01 clause (F) (G) Section
6.01 Section 13.02(b)
 Section 13.02(b) Section 13.02(c)
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clause (A) clause (A)
 Section 13.02(d) Section 3.01
 Section 13.05 Section 3.01 Section
13.02(e) Section 13.03 Trustee clause (d)(A) Section 13.02
 Section 13.02(d)(A) Section
3.01 Section 13.02(d)(A) Section 13.02(d)(A) clause (i)
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Section 13.02
 Section 13.02 clause (d)(A) Section 13.02 Section 13.02
 Application by Trustee of Funds Deposited for Payment of Securities.
 Sections 13.01 13.02 Section 13.01 13.02 Section 13.03
 Repayment of Moneys Held by Paying Agent.
  Return of Unclaimed Moneys.
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Reinstatement.
 Section 13.02(d)(A) Section 13.01 Section 13.02(d)(A) Section
13.01 Section 13.02 Section 13.03
 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS
 Personal Immunity from Liability of Incorporators, Stockholders, Etc.
  SUBMISSION TO JURISDICTION
 Agent for Service: Submission to Jurisdiction.
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Section
1.04
  Waiver of Immunities.
  PARENT GUARANTEE
 Execution and Delivery of Parent Guarantee.
 Exhibit A Section 3.01(EE)
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The Remainder of This Page Intentionally Left Blank; Signature Page Follows
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IN WITNESS WHEREOF
 BAXTER FINCO B. V.By:Name:Title:BAXTER INTERNATIONAL INC.By:Name:Title:J. P. MORGAN TRUST COMPANY, NATIONAL ASSOCIATIONBy:Name:Title:
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EXHIBIT A
 GUARANTEE
 Guarantor
 Holders
 Securities Issuer Indenture
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Article XIII
   Section 7(a) Section 7 Section 7 Section 7(a)
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provided however
 BAXTER INTERNATIONAL INC.By:Its:
 3