Document:

EXHIBIT 4.5 

   

  

  HP INC.

   

  OFFICERS’ CERTIFICATE PURSUANT TO

    SECTION 301 OF THE INDENTURE

   

  June 17, 2020

   

  Each of the undersigned, Zachary J. Nesper and Ruairidh Ross, the duly appointed and acting Treasurer and Assistant Secretary, respectively, of HP Inc., a Delaware
    corporation (the “Company”), does hereby certify that, pursuant to the unanimous written consent of the Debt Subcommittee of the Board of Directors of the Company, adopted as of June 7, 2020 (a copy of which is attached hereto as Exhibit

      A), and pursuant to Section 301 of the Indenture, dated as of June 17, 2020 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), three series of debt
    securities of the Company are hereby established, with the following terms and provisions:

   

  1.            The titles of such series of Securities shall be (i) the “2.200% notes due 2025” (the “2025 Notes”), (ii) the “3.000% notes due 2027”
    (the “2027 Notes”), and (iii) the “3.400% notes due 2030” (the “2030 Notes” and, together with the 2025 Notes and the 2027 Notes, the “Notes”) (copies of which are attached hereto as Exhibits B-1, B-2
    and B-3, respectively).

   

  2.            (a) The aggregate principal amount of each series of Notes that may be authenticated and delivered under the Indenture shall initially be (i)
    $1,150,000,000 aggregate principal amount of the 2025 Notes, (ii) $1,000,000,000 aggregate principal amount of the 2027 Notes, and (iii) $850,000,000 aggregate principal amount of the 2030 Notes (except for Notes authenticated and delivered upon
    registration of, transfer of, or in exchange for, or in lieu of, other Notes of a series pursuant to Sections 304, 305, 306, 906 and 1107 of the Indenture, and except for any Notes which, pursuant to Section 303 of the Indenture, shall be deemed never
    to have been authenticated and delivered thereunder). (b) In addition, the Company may, from time to time, without the consent of the Holders of the Notes of a series, and in accordance with the provisions of the Indenture and this certificate, issue
    additional notes in an unlimited aggregate principal amount having the same terms and conditions as the Notes of a series in all respects (except for the issuance date, price and, in some cases, the initial Interest Payment Date or interest accruing
    prior to the issue date of such additional notes) and with the same CUSIP number as the Notes of that series so as to form a single series of Notes with the Notes of such series issued on the date hereof under the Indenture (the “Additional Notes”);

    provided that Additional Notes of a series may only be issued if they will be fungible for United States federal tax purposes with the other Notes of that series; provided further that no such Additional Notes may be issued if an Event
    of Default has occurred and is continuing with respect to the applicable series of Notes.

   

  3.            The prices at which the Notes shall be issued to the public are: (i) 99.769% for the 2025 Notes; (ii) 99.718% for the 2027 Notes; and (iii) 99.790% for
    the 2030 Notes.

   

  

  
     
      

    
      
 

  

  
   

  4.            Interest on the Notes shall be payable to the Persons in whose names the Notes (or one or more Predecessor Securities) are registered at the close of
    business on June 2 or December 2, as the case may be, immediately preceding the related Interest Payment Date, whether or not such day is a Business Day (the “Regular Record Date”).

   

  5.            The Stated Maturity of the (i) 2025 Notes on which the principal thereof is due and payable is June 17, 2025 (if such date is not a Business Day,
    payment of principal, premium, if any, and interest for the 2025 Notes will be paid on the next Business Day; provided, however, that no interest on that payment will accrue from and after June 17, 2025); (ii) 2027 Notes on which the
    principal thereof is due and payable is June 17, 2027 (if such date is not a Business Day, payment of principal, premium, if any, and interest for the 2027 Notes will be paid on the next Business Day; provided, however, that no interest
    on that payment will accrue from and after June 17, 2027); and (iii) 2030 Notes on which the principal thereof is due and payable is June 17, 2030 (if such date is not a Business Day, payment of principal, premium, if any, and interest for the 2030
    Notes will be paid on the next Business Day; provided, however, that no interest on that payment will accrue from and after June 17, 2030).

   

  6.            (a) The (i) 2025 Notes will bear interest at the rate of 2.200% per year; (ii) 2027 Notes will bear interest at the rate of 3.000% per year; and (iii)
    2030 Notes will bear interest at the rate of 3.400% per year. (b) Interest on the Notes will be paid semi-annually in arrears on June 17 and December 17 of each year (each, an “Interest Payment Date”), beginning on December 17, 2020, to
    the Holders of record of the Notes at the close of business on the Regular Record Date immediately preceding the related Interest Payment Date. (c) Interest on the Notes will accrue from and including June 17, 2020, to, but excluding, the first
    Interest Payment Date and then from and including the immediately preceding Interest Payment Date to which interest has been paid or duly provided for to, but excluding, the next Interest Payment Date or the Stated Maturity date of the principal
    thereof, as the case may be. (d) Interest on the Notes will be paid on the basis of a 360-day year comprised of twelve 30-day months. (e) If an Interest Payment Date on the Notes falls on a date that is not a Business Day, the payment of such interest
    shall be postponed to the next succeeding Business Day as if made on the Interest Payment Date, and no interest on such payment shall accrue for the period from and after such Interest Payment Date to the date of such payment on the next succeeding
    Business Day.

   

  7.            (a) The Notes shall be issued in the form of one or more Global Securities (the “Global Securities”). (b) So long as the Notes shall be
    issued in whole in the form of the Global Securities, the principal of, premium, if any, and interest, if any, on the Notes shall be paid in immediately available funds to the Depositary or a nominee of the Depositary. (c) If at any time the Notes are
    no longer represented by the Global Securities and are issued in definitive form (“Certificated Securities”), then the principal of, premium, if any, and interest, if any, on each Certificated Security at Maturity shall be paid to the
    Holder upon surrender of such Certificated Security at the office or agency maintained by the Company in the Borough of Manhattan, The City of New York (which shall initially be the office of The Bank of New York Mellon, an affiliate of The Bank of New
    York Mellon Trust Company, N.A., the Trustee); provided that such Certificated Security is surrendered to the Trustee, acting as Paying Agent, in time for the Paying Agent to make such payments in such funds in accordance with its normal
    procedures. (d) Payments of interest with respect to Certificated Securities other than at Maturity may, at the option of the Company, be made by check mailed to the address of the Person entitled thereto as

   

  

  
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  it appears on the Security Register on the relevant Regular Record Date or Special Record Date, as the case may be, or by wire transfer in same day funds to such
    account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular Record Date or Special Record Date. (e) Each payment of principal, premium, if any, and interest, if any, shall be made
    in such coin or currency of the United States as at the time of payment is legal tender for payment of public and private debts. (f) Transfer of the Notes shall be registrable on the Security Register upon the surrender of the Notes for registration of
    transfer at the office or agency maintained by the Company in the Borough of Manhattan, The City of New York (which shall initially be the office of The Bank of New York Mellon, an affiliate of The Bank of New York Mellon Trust Company, N.A., the
    Trustee). (g) Global Securities shall bear the following legend in lieu of the legend set forth under Section 204 of the Indenture:

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR
    REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER
    ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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.

   

  TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
    TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

   

  8.            The Notes are subject to redemption at the option of the Company in accordance with Article Eleven of the Indenture, as modified herein.

   

  (a)          The Company will have the right to redeem the Notes, in whole at any time or in part from time to time, on at least 15 days’ but not more than 45 days’
    prior written notice sent to the registered Holders of the Notes to be redeemed.

   

  (b)          Prior to the applicable Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to the
    greater of: (i) 100.000% of the principal amount of the Notes to be redeemed and (ii) the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present values of the remaining scheduled payments of principal and
    interest thereon that would be due if the Notes to be redeemed matured on the applicable Par Call Date (exclusive of accrued and unpaid interest, if any, to, but excluding, the Redemption Date), discounted to the Redemption Date on a semi-

   

  

  
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  annual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus 30 basis points (in the case of the 2025 Notes), 40
    basis points (in the case of the 2027 notes) or 40 basis points (in the case of the 2030 notes), plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date.

   

  (c)           On or after the applicable Par Call Date, the Notes will be redeemable in whole at any time or in part from time to time at a Redemption Price
    (calculated by the Company) equal to 100.000% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

   

  (d)           If money sufficient to pay the Redemption Price of and accrued interest on the Notes (or portions thereof) to be redeemed on the Redemption Date is
    deposited with the Trustee or Paying Agent on or before the Redemption Date and the other conditions set forth in Article Eleven of the Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Notes (or such
    portion thereof) called for redemption.

   

  (e)           If any Redemption Date is not a Business Day, the Company will pay the Redemption Price on the next Business Day without any interest or other payment
    due to the delay.

   

  (f)           If fewer than all of the Notes in one series are to be redeemed, not more than 45 days prior to the Redemption Date, the particular Notes or portions
    thereof for redemption shall be selected from the Outstanding Notes of such series not previously called in accordance with the procedures of DTC or, in the case of Certificated Securities, by lot or by such other method consistent with the Trustee’s
    procedures.

   

  (g)          No Notes of $1,000 or less will be redeemed in part; provided that the unredeemed portion of any series of Notes redeemed in part may not be
    less than $2,000.

   

  (h)          The following terms have the meanings ascribed to them as follows:

   

  (i)           “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
    maturity comparable to the remaining term (the “Remaining Life”) of the Notes to be redeemed (assuming for this purpose that such Notes to be redeemed matured on their applicable Par Call Date) that would be utilized, at the time of
    selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Notes (assuming for this purpose that such Notes to be redeemed matured on their
    applicable Par Call Date).

   

  (ii)          “Comparable Treasury Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer
    Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, (B) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
    quotations or (C) if the Independent Investment Banker obtains only one such Reference Treasury Dealer Quotation, such quotation.

   

  

  
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  (iii)         “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company appoints to act as the Independent
    Investment Banker from time to time.

   

  (iv)         “Par Call Date” means (A) with respect to the 2025 Notes, May 17, 2025, (B) with respect to the 2027 Notes, April 17, 2027 and
    (C) with respect to the 2030 Notes, March 17, 2030.

   

  (v)          “Reference Treasury Dealer” means each of BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc.,
    J.P. Morgan Securities LLC and any other primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”) that the Company specifies from time to time, and their respective successors; provided, however,
    that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

   

  (vi)         “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
    average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New
    York City time, on the third Business Day preceding such Redemption Date.

   

  (vii)        “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to: (A) the yield, under the heading which
    represents the average for the immediately preceding week, appearing in, or available through, the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the
    Federal Reserve System (or companion online data resource published by the Board of Governors of the Federal Reserve System) and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the
    caption “Treasury Constant Maturities,” for the maturity corresponding to the applicable Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Notes to be redeemed, yields for
    the two published maturities most closely corresponding to the applicable Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from those yields on a straight-line basis, rounding to the nearest
    month or (B) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the applicable
    Comparable Treasury Issue, calculated using a price for the applicable Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be
    calculated by the Company on the third Business Day preceding the Redemption Date.

   

  9.            The Notes are subject to the covenants provided in Article Ten of the Indenture, as supplemented by the additional covenants below.

   

  

  
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  10.          (a) If a Change of Control Repurchase Event with respect to a series of the Notes occurs after the date hereof, unless the Company has exercised its
    right to redeem the Notes of such series as set forth in Section 8 above, the Company will make an offer to each Holder of Notes of such series to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such
    Holder’s Notes at a repurchase price in cash equal to 101.000% of the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to the date of purchase.

   

  (b)          Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the public
    announcement of the transaction or event that constitutes or may constitute the Change of Control, the Company will send a notice to each Holder to which the Company is required to make a repurchase offer as described above, with a copy to the Trustee,
    describing the transaction or event that constitutes or may constitute the Change of Control Repurchase Event and offering to repurchase the Notes of the applicable series on the payment date specified in the notice, which date will be no earlier than
    30 days and no later than 60 days from the date such notice is mailed. The notice may, if sent prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event
    occurring on or prior to the payment date specified in the notice.

   

  (c)           On the Change of Control Repurchase Event payment date, the Company shall, to the extent lawful:

   

  (i)            accept for payment all Notes or portions of Notes (in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess
    thereof) properly tendered and not withdrawn pursuant to the Company’s offer;

   

  (ii)           deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Notes or portions of Notes properly tendered
    and not withdrawn; and

   

  (iii)          deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate
    principal amount of Notes or portions of Notes being purchased by the Company.

   

  (d)          The Paying Agent will promptly send to each Holder of Notes properly tendered and not withdrawn the purchase price for such Notes, and the Trustee will
    promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of any such Notes surrendered; provided that each new Note will be in a minimum principal
    amount of $2,000 or an integral multiple of $1,000 in excess thereof.

   

  (e)           The Company will not be required to make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a third party makes such an
    offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Notes properly tendered and not withdrawn under its offer.

   

  

  
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  (f)           The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the
    extent those laws and regulations are applicable in connection with the repurchase of the Notes of a series as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with this
    Section 9, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 9 by virtue of any such conflict.

   

  (g)           The following terms have the meanings ascribed to them as follows:

   

  (i)           “Below Investment Grade Rating Event” means, with respect to a series of the notes, the rating on such notes is lowered by each
    of the Rating Agencies, and such notes are rated below Investment Grade by each of the Rating Agencies, within 60 days from the earlier of (i) the date of the public notice of an arrangement that could result in a Change of Control or (ii) the
    occurrence of a Change of Control (which period shall be extended so long as the rating of such notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies).

   

  (ii)         “Board of Directors” means either the Board of Directors of the Company or any duly authorized committee empowered by that Board
    of Directors or the executive committee thereof to act with respect to the Indenture.

   

  (iii)        “Change of Control” means the occurrence of any of the following:

   

  (A)            the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of
    related transactions, of all or substantially all of the Company’s assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Exchange Act), other than the Company
    or one or more of its subsidiaries;

   

  (B)            the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result
    of which is that any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than
    50% of the then outstanding number of shares of the Company’s Voting Stock, measured by voting power rather than number of shares;

   

  (C)            the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the Company, in
    any such event pursuant to a transaction in which any of the Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the
    shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any

   

  

  
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  direct or indirect parent company of the surviving person, measured by voting power rather than number of shares, immediately after giving effect to such
    transaction;

   

  (D)           the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or

   

  (E)            the adoption by the Company of a plan providing for its liquidation or dissolution.

   

  Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control under clause (B) above if (x) the Company becomes a direct or
    indirect wholly owned subsidiary of a holding company and (y)(1) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock
    immediately prior to that transaction or (2) immediately following that transaction, no person (as that term is used in Section 13(d)(3) of the Exchange Act), other than a holding company satisfying the requirements of this sentence, is the beneficial
    owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

   

  (iv)          “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating
    Event.

   

  (v)           “Continuing Directors” means, as of any date of determination, any member of the Company’s Board of Directors who (A) was a
    member of such Board of Directors on the date hereof or (B) was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time
    of such nomination, election or appointment (either by a specific vote or by approval by such Continuing Directors of the Company’s proxy statement in which such member was named as a nominee for election as a director).

   

  (vi)          “Fitch” means Fitch Ratings, Ltd., a division of Fitch, Inc., or its successors.

   

  (vii)         “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of
    Fitch), Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade
    credit rating from any additional Rating Agency or Rating Agencies selected by the Company.

   

  (viii)        “Moody’s” means Moody’s Investors Service, Inc. or its successors.

   

  (ix)           “Rating Agency” means (A) each of Fitch, Moody’s and S&P and (B) if any of Fitch, Moody’s or S&P ceases to rate the
    Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the

   

  

  
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  Exchange Act, selected by the Company as a replacement agency for Fitch, Moody’s or S&P, or all of them, as the case may be.

   

  (x)            “S&P” means S&P Global Ratings, a division of S&P Global Inc., or its successors.

   

  (xi)           “Voting Stock” means, with respect to any person as of any date, capital stock of any class or kind the holders of which are
    ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency.

   

  11.          The Notes are not subject to any sinking fund or analogous provisions.

   

  12.          The Notes shall be issuable only in denominations of $2,000 and any integral multiples of $1,000 in excess thereof.

   

  13.          Except as otherwise provided herein, the amount of payments of principal of, premium, if any, or interest on the Notes may not be determined with
    reference to an index, formula or other method.

   

  14.          The Notes may be purchased only in currency of the United States and payment of principal of, premium, if any, and interest on the Notes will only be
    made in currency of the United States.

   

  15.          The payment of principal of, premium, if any, or interest on the Notes will not be payable at the option of the Company or the Holder in any currency or
    currency units other than in the currency of the United States.

   

  16.          One hundred percent (100.000%) of the principal amount of all or any series of the Notes will be payable upon declaration of acceleration of the
    Maturity of such series of the Notes pursuant to Section 502 of the Indenture.

   

  17.          The aggregate principal amount payable at Stated Maturity of the 2025 Notes is $1,150,000,000, of the 2027 Notes is $1,000,000,000 and of the 2030 Notes
    is $850,000,000.

   

  18.          (a) The defeasance and covenant defeasance provisions of Article Thirteen of the Indenture will apply to each series of the Notes. (b) For the avoidance
    of doubt, (i) the Company shall be released from its obligations under the additional covenants of Section 9 above and (ii) the occurrence of Section 19 below shall be deemed not to be or result in an Event of Default, in each case for a series of
    Notes on and after the date the applicable conditions set forth in Section 1304 of the Indenture are satisfied with respect to such Notes.

   

  19.          (a) The Notes may not be converted into other securities or property. (b) Article Fourteen of the Indenture does not apply to each series of the Notes.

   

  20.          In addition to the Events of Default with respect to the Notes set forth in Section 501 of the Indenture, an “Event of Default” with respect to each
    series of Notes occurs if

   

  

  
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  the Company fails to make the required offer to purchase such Notes following a Change of Control Repurchase Event, if that failure continues for 90 days after notice
    is provided as set forth in clause (4) of Section 501 of the Indenture.

   

  21.          (a) The Depositary for the Global Securities shall be The Depository Trust Company, a New York corporation (“DTC”). (b) The Notes will be
    represented by one or more Global Securities registered in the name of DTC or Cede & Co., as a nominee of DTC. (c) Except as set forth in Section 305 of the Indenture, such Global Securities may be transferred, in whole and not in part, only to DTC
    or another nominee of DTC. (d) The transfer and exchange of Global Securities or beneficial interests therein shall be effected through the Depositary, in accordance with the Indenture and the procedures of the Depositary.

   

  22.           (a) The Notes are not subject to any guarantee with respect to the payments of principal, premium, if any, or interest. (b) The provisions of Article
    Fifteen of the Indenture will not apply to the Notes.

   

  23.           The Notes are senior unsecured obligations of the Company and will rank on the same basis with all of the Company’s other senior unsecured indebtedness
    from time to time outstanding.

   

  24.           Sections 1008 and 1009 of the Indenture will apply to the Notes without variation.

   

  In rendering this Officers’ Certificate, each of the undersigned has read the Indenture, including Sections 102, 201, 301 and 303 thereof, and has made such
    examinations and investigations which, in such undersigned’s opinion, are necessary to enable such undersigned to express an informed opinion as to whether all covenants and conditions required under the Indenture to be complied with or satisfied in
    connection with the Trustee’s authentication and delivery of the Notes have been complied with or satisfied, and, in such undersigned’s opinion, all such covenants and conditions have been complied with and satisfied.

   

  Attached hereto as Exhibits B-1, B-2 and B-3 are the forms of Global Security for the Notes. Each of the undersigned hereby further approves
    all of the terms and conditions set forth on or referred to in the attached form of Global Security. In the event that Certificated Securities are issued in exchange for a Global Security, the form of certificate evidencing the Certificated Security
    shall be in substantially the form of Global Security, with such grammatical and other changes as are necessary to evidence the Certificated Securities in definitive form rather than as Global Securities.

   

  Capitalized terms used herein that are not otherwise defined herein shall have the meanings assigned to them in the Indenture.

   

  [Signature Page Follows.]

   

  
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  IN WITNESS WHEREOF, each of the undersigned has executed this certificate as of the date first written above.

   

  

  	 	/s/ Zachary J. Nesper	 
	 	Zachary J. Nesper	 
	 	Treasurer	 
	 	 	 
	 	/s/ Ruairidh Ross	 
	 	Ruairidh Ross	 
	 	Assistant Secretary	 

   

  [Signature Page to Officers’ Certificate Pursuant to Section 301 of the Indenture]

   

  
     
      

    
      
 

  

  
   

  EXHIBIT A

   

  Unanimous Written Consent of the Debt Subcommittee of the

    Board of Directors on June 7, 2020

   

  
    
      
 

  

  
   

  UNANIMOUS WRITTEN CONSENT OF THE

    DEBT SUBCOMMITTEE OF

    HP INC.

   

  June 7, 2020

   

  The undersigned members of the Debt Subcommittee (this “Committee”) of HP Inc., a Delaware corporation (“HP”), representing all of the members, as authorized by HP’s
    board of directors (the “Board”), hereby consent to the following actions:

   

  WHEREAS, the Board adopted resolutions on November 13, 2019 (the “2019 Board Resolutions”) authorizing the filing of an effective shelf registration
    statement and executed and filed by HP with the U.S. Securities and Exchange Commission (“Commission”) on December 12, 2019 (file no. 333-235474) (the “Registration Statement”);

   

  WHEREAS, the Board adopted resolutions on January 15, 2020 (the “2020 Board Resolutions” and, together with the 2019 Board Resolutions and any amendments or
    supplements thereof, the “Board Resolutions”), amending the resolutions previously adopted by the Board appointing this Committee and granting this Committee the authority, on behalf of HP, to (i) approve such transactions for the use and benefit of HP
    and/or any of its direct or indirect subsidiaries in an aggregate principal amount not to exceed five billion U.S. Dollars (US$5,000,000,000), as measured over a trailing twelve-month period and (ii) repurchase any series of outstanding debt securities
    of HP or any of its subsidiaries for cash prior to maturity through open market or privately negotiated transactions or pursuant to one or more tender offers or optional redemptions in an aggregate principal amount not to exceed five billion U.S.
    Dollars (US$5,000,000,000) (collectively, the “Committee Authorization”);

   

               APPROVAL OF ISSUANCE OF DEBT SECURITIES

   

  WHEREAS, this Committee believes that it is in the best interests of HP and its stockholders to approve the creation of one or more series of debentures,
    notes and other unsecured evidences of indebtedness (collectively, the “Debt Securities”), and to offer and sell such Debt Securities in a public offering pursuant to the Registration Statement ).

   

  NOW, THEREFORE, BE IT RESOLVED: That, subject to the existing Committee Authorization, the creation of one or more series of Debt Securities in an aggregate
    principal amount of up to $3.0 billion, is hereby approved (collectively, the “New Notes”);

   

  		

        	New Notes Offering

   

  RESOLVED FURTHER: That, subject to the existing Committee Authorization, the Authorized Persons (as defined herein) are, and each of them hereby is,
    authorized and directed, for and on behalf and in the name of HP, to issue and sell New Notes in public offerings registered with the Commission, including public offers to exchange New Notes for previously issued debt securities of HP or any of its
    subsidiaries;

   

  RESOLVED FURTHER: That, subject to the existing borrowing authority and limitations described in the Board Resolutions, the Authorized Persons are, and each
    of them

   

  

  
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  hereby is, authorized and directed, for and on behalf and in the name of HP, to cause to be prepared, executed and/or filed, as the case may be, such amendments or
    supplements or other documents relating to the Registration Statement or relating to the prospectus included as a part of any of the Registration Statement as may be required in connection with offers and sales of the New Notes;

   

  		

        	Terms of the New Notes

   

  RESOLVED FURTHER: That, subject to the existing borrowing authority and limitations described in the Board Resolutions, the Authorized Persons are, and each
    of them hereby is, authorized and directed, for and on behalf and in the name of HP, to determine the amounts of the New Notes and the material terms under which the New Notes will be sold by HP, including, without limitation, the identity of the
    underwriters, as applicable, the identity of the Trustee (as defined below), the interest rate, the maturity date, the redemption terms, the underwriting discount and commissions, and the other material terms and provisions of the Underwriting
    Agreement (as defined below) and the New Indenture (as defined below), as applicable;

   

  		

        	Underwriting Agreement

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to execute
    and deliver one or more purchase, underwriting, distribution or other agreements (each an “Underwriting Agreement”) with such investment banks or other firms acting as underwriters, initial purchasers or agents in connection with the sale of the New
    Notes as the Authorized Persons shall select, with such terms and conditions as the Authorized Persons executing the Underwriting Agreement shall approve, the execution thereof by an Authorized Person to be conclusive evidence of such Authorized
    Person’s approval;

   

  		

        	New Indenture

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to the extent
    deemed necessary or appropriate by any of the Authorized Persons to effect the sale of the New Notes, to execute and deliver, with respect to any New Notes, a senior or subordinated trust indenture, between HP and such bank or trust company as the
    Authorized Persons shall select to serve as trustee (“Trustee”), with respect to such New Notes (the “New Indenture”), with such terms and conditions as the Authorized Person executing such New Indenture shall approve, the execution thereof by an
    Authorized Person to be conclusive evidence of such Authorized Person’s approval;

   

  		

        	Execution of the New Notes

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to execute
    the New Notes, whether manually or with facsimile signatures (as provided for in the New Indenture), and that the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to authorize and
    request that the Trustee authenticate the New Notes and deliver them in accordance with such Authorized Person’s instructions and the New

   

  

  
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  Indenture, the execution thereof by an Authorized Person to be conclusive evidence of such Authorized Person’s approval;

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed for and on behalf of and in the name of HP, to execute
    and deliver an Officer’s Certificate establishing the forms and the terms of the Notes in accordance with the provisions of Sections 201 and 301 of the New Indenture, and that the execution and delivery of such Officer’s Certificate to the Trustee
    under the New Indenture shall constitute the establishment of the forms and terms of such New Notes “in or pursuant to a Board Resolution” of HP for purposes of Sections 201 and 301 of the New Indenture;

   

  		

        	Listing of the Securities

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, if they deem
    it advisable, to take any and all actions, including, without limitation, the payment of any applicable fees, to apply for listing of the New Notes upon one or more stock exchanges (collectively, the “Exchange”), to appear before the Exchange officials
    on behalf of HP in connection with the application for listing, and to make any changes in the application to cause the New Notes to be eligible for trading on an exchange, including, without limitation, the selection of any paying agent or listing
    agent as a result of such listing, to the extent such Authorized Persons determine, in consultation with the underwriters, that such trading is desirable, the listing of such New Notes by such Authorized Persons to be conclusive evidence of such
    Authorized Person’s approval;

   

  		

        	Trust Indenture Act of 1939

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to take such
    actions as may be necessary or appropriate to qualify the New Indenture under the Trust Indenture Act of 1939, as amended;

   

  		

        	Qualification in Foreign Jurisdictions

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to (a) cause
    all or part of the New Notes to be qualified or registered for sale in various states and other jurisdictions; (b) determine the states and jurisdictions in which appropriate action shall be taken to qualify or register for sale all or part of the New
    Notes; (c) take any and all acts as such Authorized Persons deem necessary or appropriate in order to comply with the applicable laws of any such states and jurisdictions and in connection therewith to execute and file all requisite papers and
    documents, including, without limitation, applications, reports, surety bonds, irrevocable consents and appointments of attorneys for service of process; the execution of any such paper or document or the doing by any Authorized Person of any act in
    connection with the foregoing matters will conclusively establish the authority of such Authorized Person and the approval and ratification by HP of the papers and documents so executed and the action so taken;

   

  		

        	Ratings

   

  

  
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  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to make
    applications to any rating agency, if any, and to take any and all actions as the Authorized Persons deem necessary or appropriate to have any New Notes, as applicable, that may be offered from time to time rated by such rating agency;

   

  		

        	Registrars, Paying Agents, Authenticating Agents and Warrant Agents

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to appoint
    agents of HP (a) (with the title of registrar, transfer or authenticating agent) for the registration of New Notes which shall be issued under the New Indenture, and of transfers of the New Notes, when such New Notes shall be presented to such
    registrar for such registration, transfer, conversion or exchange; (b) (with the title of paying agent) for the payment of the principal or premium, if any, and interest, if any, on the New Notes, and that the principal corporate trust office of the
    registrar at its home office or its office or agency, maintained for that purpose be, and it hereby is, designated as the office or agency of HP where the New Notes may be presented for payment and where notices and demands in respect of any such New
    Notes may be served; and (c) (with the title of warrant agent) for any warrants issued pursuant to the Registration Statement;

   

  		

        	Secretary’s Certificate

   

  RESOLVED FURTHER: That the Secretary and each Assistant Secretary of HP are, and each of them hereby is, authorized and directed, for and on behalf and in the
    name of HP, to certify any more formal or detailed resolutions (including, without limitation, any resolutions required by any registrar, transfer agent or other agent) as either of them deem necessary or appropriate to effect the purpose and intent of
    the resolutions above, and to annex such additional resolutions to these resolutions, and thereupon such additional resolutions shall be deemed the resolutions of this Committee as if set forth at length in these resolutions; and

   

  		

        	General

   

  RESOLVED FURTHER: That the Authorized Persons are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, if they deem
    it advisable, to take such additional actions and to execute and deliver such agreements, undertakings, prospectuses, prospectus supplements, pricing supplements, free writing prospectuses, offering circulars, certificates, documents and instruments,
    and to incur and pay all such expenses, issues and other taxes (including payments of registration and qualification fees in respect of the New Notes, underwriting discounts and commissions, Commission fees, Financial Industry Regulatory Authority
    fees, accounting fees and expenses, “blue sky” fees and expenses, legal fees and expenses, printing fees and expenses, Exchange listing fees and any and all other miscellaneous fees relating to the issue, offer and sale of the New Notes), as they, in
    their discretion and with the advice of counsel, shall deem necessary or appropriate to effectuate or carry out fully the purpose and intent of these resolutions and the transactions contemplated thereby and such Authorized Person’s execution and
    delivery of any agreements, undertakings, prospectuses, prospectus supplements, pricing supplements, free writing prospectuses, offering circulars, certificates, documents and instruments with respect thereto shall be conclusive evidence of the
    approval thereof.

   

  

  
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               APPROVAL OF NOTE REPURCHASE AND REDEMPTION, CONSENT SOLICITATION AND OUTSTANDING NOTES INDENTURE AMENDMENTS

   

  WHEREAS, pursuant to the Committee Authorization granted by the Board to this Committee under the Board Resolutions, this Committee believes that it is in the
    best interests of HP and its stockholders to authorize the repurchase, in whole or in part, of HP’s (a) 3.750% Global Notes due December 1, 2020, (b) 4.300% Global Notes due June 1, 2021, (c) 4.375% Global Notes due September 15, 2021 and (d) 4.650%
    Global Notes due December 9, 2021 (collectively, the “Outstanding Notes”), in each case, issued pursuant to that certain Senior Debt Securities Indenture dated as of June 1, 2000 (as amended by the First Supplemental Indenture, dated as of March 26,
    2018, the “Existing Indenture”), between HP and The Bank of New York Mellon Trust Company, N.A. (as successor to The Bank of New York Trust Company, N.A., as successor to J.P. Morgan Trust Company, National Association, as successor to Chase Manhattan
    Bank and Trust Company, National Association as trustee), in each case, for cash prior to maturity of such Outstanding Notes through open market or privately negotiated transactions (“Repurchase Transactions”) or pursuant to one or more tender offers
    (each, a “Tender Offer”) or optional redemptions (each, a “Redemption”), with any such Repurchase Transaction, Tender Offer or Redemption funded in whole or in part through the issuance and sale from time to time of debt securities of HP;

   

  WHEREAS, this Committee believes that it is in the best interests of HP and its stockholders to authorize the solicitation of consents (each, a “Consent
    Solicitation”) from the holders of the Outstanding Notes to certain amendments to the terms of the Existing Indenture to amend the Existing Indenture to facilitate Redemptions (each, an “Outstanding Notes Indenture Amendment”); and

   

  WHEREAS, this Committee believes that it is in the best interests of HP and its stockholders to limit the aggregate principal amount of Outstanding Notes to
    be acquired by HP pursuant to Repurchase Transactions, Tender Offers and Redemptions to $2.6 billion (the “Repurchase Limitations”).

   

  NOW, THEREFORE, BE IT RESOLVED: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the
    name of HP, to repurchase any series of Outstanding Notes for cash prior to maturity through Repurchase Transactions or pursuant to one or more Tender Offers or Redemptions in an aggregate principal amount not to exceed the Repurchase Limitation;

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, and
    subject to the Repurchase Limitations, to approve any Repurchase Transactions, including the maximum amount of Outstanding Notes that HP will offer to repurchase and the maximum price at which HP will offer and pay to repurchase such Outstanding Notes
    as such Authorized Person deem appropriate;

   

  		

        	Tender Offer

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, and
    subject to the

   

  

  
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  Repurchase Limitations, to approve the commencement of any Tender Offer for the Outstanding Notes and to determine and authorize the terms and conditions of any such
    Tender Offer, including the amount of Outstanding Notes that HP will offer to repurchase, the price at which HP will offer and pay to repurchase such Outstanding Notes, the amount of any payment to holders of Outstanding Notes in order to encourage the
    early tendering of the Outstanding Notes, if any, and any related Consent Solicitation and Outstanding Notes Indenture Amendments, as such Authorized Person deem appropriate;

   

  		

        	Offering Documents

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    prepare and distribute or cause to be prepared and distributed one or more offers to purchase, offers to purchase and consent solicitations, letters of transmittals and notices of guaranteed delivery, including any exhibits and amendments related
    thereto (the “Offering Documents”), setting forth such terms and conditions of the Tender Offers, as such Authorized Person executing the same may approve, with such changes therein as such Authorized Person may approve, with the distribution of the
    Offering Documents to be conclusive evidence of such approval;

   

  		

        	Dealer Managers, Solicitation Agents, Information Agents and Depositaries

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    determine HP’s engagement of any one or more investment banking firms, to act as the dealer manager for a Tender Offer, and HP’s engagement of a depositary, solicitation agent and an information agent, and to authorize the proper officers of HP to
    execute and deliver any dealer manager agreements, and agreements between HP and the depositary, the solicitation agent and the information agent, as such officer or officers may approve, such execution to be conclusive evidence of such approval;

   

  		

        	Redemption

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    execute, deliver and publish, pursuant to the terms of the applicable series of Outstanding Notes and the Existing Indenture, any redemption notices setting forth such matters as such Authorized Person shall deem necessary or desirable, including the
    redemption date and redemption price, in connection with any such Redemption;

   

  		

        	Consent Solicitation

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    seek any Consent Solicitation in connection with a Tender Offer and to execute, deliver and perform the Outstanding Notes Indenture Amendments in connection with such Consent Solicitation, and any legal fees and expenses, trustee and depositary fees,
    and other miscellaneous fees related to such Outstanding Notes Indenture Amendments are hereby approved for payment by HP;

   

  		

        	General

   

  

  
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  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    make or cause to be made all such payments which are necessary for and related to a Repurchase Transaction, Tender Offer or Redemption, including the preparation, printing, mailing and delivery of the Offering Documents, including all exhibits and
    amendments thereto, notices of redemption, accounting fees and expenses, any payment or premium paid to holders of any series of Outstanding Notes in connection with a Repurchase Transaction, Tender Offer or Redemption, including any early tender
    payment, consent fee, redemption price, legal fees and expenses, financial advisory and/or dealer manager fees, depository and information agent fees, printing fees and expenses, and other miscellaneous fees related to a Repurchase Transaction, Tender
    Offer or Redemption and the transactions contemplated by the Offering Documents, and all such fees are hereby approved for payment by HP; and

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    execute and deliver such other agreements, instruments, and documents and to do or cause to be done any and all acts and things as any such officer or officers shall determine to be necessary, proper or desirable in order to effect any Repurchase
    Transaction, Tender Offer, Consent Solicitation or Redemption and the transactions contemplated by the Offering Documents and to fulfill the obligations of HP under a Repurchase Transaction, Tender Offer, Consent Solicitation or Redemption, and to
    issue whatever press releases and make any public filings, in accordance with the Securities Exchange Act of 1934, as amended, as such Authorized Person causing the issuance of or executing the same may approve, with such changes therein as such
    Authorized Person executing the same may approve, such issuance or execution to be conclusive evidence of such approval.

   

  		

        	OMNIBUS RESOLUTIONS

   

  		

        	Authorized Persons

   

  RESOLVED FURTHER: That Zachary J. Nesper, Ruairidh Ross, Patrick C. Scott and Andrea Noseda (each, an “Authorized Person”) are, and each of them hereby is,
    authorized and directed, for and on behalf and in the name of HP, to make such filings and applications, execute and deliver such agreements, certificates, documents and instruments, incur and pay all such fees, expenses, issues and other taxes, retain
    such advisers, and do such acts and things as the Authorized Persons, in their discretion and with the advice of counsel, shall deem necessary or appropriate in order to fully effectuate the purposes of the foregoing resolutions;

   

  		

        	Delegation of Authority

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    approve the terms and conditions of any of the transactions contemplated in the foregoing resolutions; and

   

  RESOLVED FURTHER: That the Authorized Persons hereby are, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to
    make such filings and applications, to execute and deliver such agreements, documents, certificates and instruments, make such filings and applications, pay such fees and expenses, retain such advisers

   

  

  
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  and do such acts and things as such Authorized Person deems necessary or appropriate to effect the purpose and intent of the resolutions above and the transactions
    contemplated thereby.

   

  		

        	General

   

  RESOLVED FURTHER: That any specific resolutions that may be required to have been adopted by this Committee in connection with the transactions contemplated
    by these resolutions be, and the same hereby are, adopted, and that the Authorized Persons be, and each of them hereby is, authorized and directed, for and on behalf and in the name of HP, to certify as to the adoption of any and all such resolutions;

   

  RESOLVED FURTHER: That the proper officers of HP be, and each hereby is, authorized and directed for and on behalf of HP, to execute and deliver or cause to
    be executed or delivered any and all such other agreements, instruments, certificates and documents, to do or cause to be done all such further acts and things, and to pay or cause to be paid all necessary fees and expenses related to the transactions
    contemplated by these resolutions and any related documentation or announcements, as such officer or officers may deem necessary or desirable in connection with the transactions heretofore approved or to effectuate the purpose and intent of these
    resolutions, such approval to be conclusively evidenced by the taking of any such action or the execution and delivery of any such instrument by such officer or officers; and

   

  RESOLVED FURTHER: That all actions previously taken by the Authorized Persons (and any persons authorized by the Authorized Persons), for and on behalf and
    in the name of HP, in connection with the purpose and intent of the resolutions above and the transactions contemplated thereby, are hereby approved, ratified, confirmed and adopted.

   

  [SIGNATURES ON FOLLOWING PAGE]

   

  
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  Executed as of the date first written above.

   

  

  	 	/s/ Enrique Lores	 
	 	Enrique Lores	 
	 	 	 
	 	/s/ Steven J. Fieler	 
	 	Steven J. Fieler	 
	 	 	 
	 	/s/ Kim M. Rivera	 
	 	Kim M. Rivera	 
	 	 	 
	 	/s/ Zachary J. Nesper	 
	 	Zachary J. Nesper	 

   

  
    
      
 

  

   

  EXHIBIT B-1

   

  Form of 2.200% note due 2025

   

  
    
      
 

  

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
    OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS
    REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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.

   

  TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
    TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

   

  
    
      
 

  

   

  HP INC.

  2.200% notes due 2025

   

  	No. R-	$

  

  

  CUSIP No. 40434L AA3 

   

  HP Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under the
    Indenture hereinafter referred to), for value received, hereby promises to pay to                        , or registered assigns, the principal sum of                        Dollars ($                        ) or such other amount indicated on the
    Schedule of Exchange of Global Security attached hereto on June 17, 2025 (if such date is not a Business Day, payment of principal, premium, if any, and interest for the Securities will be paid on the next Business Day); provided, however,
    that no interest on that payment will accrue from and after June 17, 2025, and to pay interest thereon from June 17, 2020, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on June 17 and
    December 17 in each year, commencing December 17, 2020, at the rate of 2.200% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
    will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be on June 2 or December 2
    (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
    either be paid to the Person in whose name this Security (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 Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of
    this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest on the Security shall be computed on the basis of a 360-day year comprised of twelve 30- day months. If an
    Interest Payment Date on the Securities falls on a date that is not a Business Day, the payment of such interest shall be postponed to the next succeeding Business Day as if made on the Interest Payment Date, and no interest on such payment shall
    accrue for the period from and after such Interest Payment Date to the date of such payment on the next succeeding Business Day.

   

  So long as all of the Securities of this series are represented by Global Securities, the principal of, premium, if any, and interest, if any, on this Global
    Security shall be paid in immediately available funds to the Depositary or to a nominee of the Depositary. If at any time the Securities of this series are no longer represented by the Global Securities and are issued in definitive form (“Certificated

      Securities”), then the principal of, premium, if any, and interest, if any, on each Certificated Security at Maturity shall be paid to the Holder upon surrender of such Certificated Security at the office or agency maintained by the Company in
    the Borough of Manhattan, The City of New York (which

   

  

  
    
      
 

  

   

  shall initially be the office of The Bank of New York Mellon, an affiliate of The Bank of New York Mellon Trust Company, N.A., the Trustee); provided that such
    Certificated Security is surrendered to the Trustee, acting as Paying Agent, in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures. Payments of interest with respect to Certificated Securities other
    than at Maturity may, at the option of the Company, be made by check mailed to the address of the Person entitled thereto as it appears on the Security Register on the relevant Regular or Special Record Date, as the case may be, or by wire transfer in
    same day funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular or Special Record Date.

   

  Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same
    effect as if set forth at this place.

   

  Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual, electronic or facsimile or pdf or other
    electronically imaged signature (including, without limitation, DocuSign or AdobeSign), this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

   

  [Remainder of page intentionally left blank]

   

  
    
      
 

  

   

  IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

   

  

  	 	HP INC.
	 	 	 
	 	By:	 	 
	 	 	Name: 	Zachary J. Nesper
	 	 	Title:	Treasurer

   

  	 	Attest:	 	 
	 	 	Name: 	Ruairidh Ross
	 	 	Title:	Assistant Secretary

   

  [Signature Page to 2.200% notes due 2025 – R-    ]

   

  
    
      
 

  

   

  Trustee’s Certificate of Authentication.

   

  This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture.

   

  

  	Dated:	 	 

   

  THE BANK OF NEW YORK MELLON

    TRUST COMPANY, N.A., as Trustee

   

  

  	By: 	 	 
	 	Authorized Signatory	 

   

  [Signature Page to 2.200% notes due 2025 – R-    ]

   

  
    
      
 

  

  
   

  Reverse of Security

   

  This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series
    under an Indenture, dated as of June 17, 2020 (herein called the “Base Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee,” which term includes any successor
    Trustee under the Indenture), as supplemented and modified by the Officers’ Certificate dated June 17, 2020 (as supplemented and modified, the “Indenture”) and reference is hereby made to the Indenture and all indentures supplemental thereto for
    a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This
    Security is one of the series designated on the face hereof initially limited in aggregate principal amount of $1,150,000,000.

   

  Optional Redemption

   

  The Company will have the right to redeem the Securities, in whole at any time or in part from time to time, on at least 15 days’ but not more than 45 days’ prior
    written notice sent to the registered Holders of the Securities to be redeemed.

   

  Prior to the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to the greater of:

   

  (i)            100.000% of the principal amount of the Securities to be redeemed; and

   

  (ii)           the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present values of the
    remaining scheduled payments of principal and interest thereon that would be due if the Securities to be redeemed matured on the Par Call Date (exclusive of accrued and unpaid interest, if any, to, but excluding, 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 then current Treasury Rate plus 30 basis points,

   

  plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date.

   

  On or after the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to 100.000% of the
    principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

   

  If money sufficient to pay the Redemption Price of and accrued interest on the Securities (or portions thereof) to be redeemed on the Redemption Date is deposited
    with the Trustee or Paying Agent on or before the Redemption Date and the conditions set forth in Article 11 of the Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Securities (or such portion
    thereof) called for

   

  

  
    1

    
      
 

  

   

  redemption. If any Redemption Date is not a Business Day, the Company will pay the Redemption Price on the next Business Day without any interest or other payment due
    to the delay.

   

  If fewer than all of the Securities are to be redeemed, not more than 45 days prior to the Redemption Date, the Securities for redemption shall be selected from the
    Outstanding Securities not previously called in accordance with the procedures of DTC or, in the case of Certificated Securities, by lot or by such method consistent with the Trustee’s procedures. No Securities of $1,000 or less will be redeemed in
    part; provided that the unredeemed portion of the Securities redeemed in part may not be less than $2,000.

   

  Unless the Company defaults in the payment of the Redemption Price and accrued interest, no interest will accrue on the Securities called for redemption for the
    period from and after the Redemption Date.

   

  In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be
    issued in the name of the Holder hereof upon the cancellation hereof.

   

  “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the
    remaining term (the “Remaining Life”) of the Securities to be redeemed (assuming for this purpose that such Securities to be redeemed matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary
    financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities (assuming for this purpose that the Securities to be redeemed matured on the Par Call Date).

   

  “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date,
    after excluding the highest and lowest Reference Treasury Dealer Quotations, (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations or (3) if the Independent
    Investment Banker obtains only one such Reference Treasury Dealer Quotation, such quotation.

   

  “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company appoints to act as the Independent Investment Banker from time to
    time.

   

  “Par Call Date” means May 17, 2025.

   

  “Reference Treasury Dealer” means each of BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC,
    and any other primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”) that the Company specifies from time to time, and their respective successors; provided, however, that if any of the foregoing shall cease to be
    a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

   

  

  
    2

    
      
 

  

   

  “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the
    Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
    Business Day preceding such Redemption Date.

   

  “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to: (1) the yield, under the heading which represents the average for the
    immediately preceding week, appearing in, or available through, the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System (or
    companion online data resource published by the Board of Governors of the Federal Reserve System) and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant
    Maturities,” for the maturity corresponding to the Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Securities to be redeemed, yields for the two published maturities most closely
    corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from those yields on a straight-line basis, rounding to the nearest month or (2) if such release (or any successor release)
    is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable
    Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated by the Company on the third Business Day preceding the Redemption Date.

   

  Purchase of Securities upon a Change of Control Triggering Event

   

  If a Change of Control Repurchase Event occurs after the date hereof, unless the Company has exercised its right to redeem the Securities as described above under
    “Optional Redemption,” the Company will make an offer to each Holder of Securities to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Securities at a repurchase price in cash equal to
    101.000% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of purchase.

   

  Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the public announcement of the
    transaction or event that constitutes or may constitute the Change of Control, the Company will send a notice to each Holder to which the Company is required to make a repurchase offer as described above, with a copy to the Trustee, describing the
    transaction or event that constitutes or may constitute the Change of Control Repurchase Event and offering to repurchase the Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days
    from the date such notice is mailed. The notice may, if sent prior to the date of consummation of the

   

  

  
    3

    
      
 

  

   

  Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the
    notice.

   

  On the Change of Control Repurchase Event payment date, the Company shall, to the extent lawful:

   

  (i)            accept for payment all Securities or portions of Securities (in a minimum principal amount of $2,000 and integral
    multiples of $1,000 in excess thereof) properly tendered and not withdrawn pursuant to the Company’s offer;

   

  (ii)           deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions
    of Securities properly tendered and not withdrawn; and

   

  (iii)          deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’
    Certificate stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company.

   

  The Paying Agent will promptly send to each Holder of Securities properly tendered and not withdrawn the purchase price for such Securities, and the Trustee will
    promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any such Securities surrendered; provided that each new Security will be in a
    minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.

   

  The Company will not be required to make an offer to repurchase the Securities upon a Change of Control Repurchase Event if a third party makes such an offer in the
    manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer.

   

  The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those
    laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with this provision, the
    Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this provision by virtue of any such conflict.

   

  “Below Investment Grade Rating Event” means, with respect to the Securities, the rating on the Securities is lowered by each of the Rating Agencies, and the
    Securities are rated below Investment Grade by each of the Rating Agencies, within 60 days from the earlier of (1) the date of the public notice of an arrangement that could result in a Change of Control or (2) the occurrence of a Change of Control
    (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by any of the Rating Agencies).

   

  

  
    4

    
      
 

  

   

  “Board of Directors” means either the Board of Directors of the Company or any duly authorized committee empowered by that Board of Directors or the executive
    committee thereof to act with respect to the Indenture.

   

  “Change of Control” means the occurrence of any of the following:

   

  (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
    transactions, of all or substantially all of the Company’s assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one
    or more of its subsidiaries; (2) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as those terms are used for
    purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting
    Stock, measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in
    which any of the Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock
    outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person, measured by voting power
    rather than number of shares, immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or (5) the adoption by the Company of a plan
    providing for its liquidation or dissolution.

   

  Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control under clause (2) above if (a) the Company becomes a direct or indirect
    wholly owned subsidiary of a holding company and (b)(y) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock
    immediately prior to that transaction or (z) immediately following that transaction, no person (as that term is used in Section 13(d)(3) of the Exchange Act), other than a holding company satisfying the requirements of this sentence, is the beneficial
    owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

   

  For purposes of the foregoing discussion of the purchase of Securities upon a Change of Control Triggering Event, the following definitions are applicable:

   

  “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

   

  

  
    5

    
      
 

  

   

  “Continuing Directors” means, as of any date of determination, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors
    on June 17, 2020 or (2) was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination, election or
    appointment (either by a specific vote or by approval by such Continuing Directors of the Company’s proxy statement in which such member was named as a nominee for election as a director).

   

  “Fitch” means Fitch Ratings, Ltd., a division of Fitch, Inc., or its successors.

   

  “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch), Baa3 or better by Moody’s (or
    its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating
    Agency or Rating Agencies selected by the Company.

   

  “Moody’s” means Moody’s Investors Service, Inc. or its successors.

   

  “Rating Agency” means (1) each of Fitch, Moody’s and S&P and (2) if any of Fitch, Moody’s or S&P ceases to rate the Securities or fails to make a
    rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement
    agency for Fitch, Moody’s or S&P, or all of them, as the case may be.

   

  “S&P” means S&P Global Ratings, a division of S&P Global Inc., or its successors.

   

  “Voting Stock” means, with respect to any person as of any date, capital stock of any class or kind the holders of which are ordinarily, in the absence of
    contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency.

   

  The Indenture contains provisions, which will apply to the Securities, for defeasance and covenant defeasance and Events of Default with respect to this Security, in
    each case upon compliance with certain conditions set forth in the Indenture.

   

  If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due
    and payable in the manner and with the effect provided in the Indenture.

   

  The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the
    rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at the time Outstanding of each

   

  

  
    6

    
      
 

  

   

  series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at
    the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or
    waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration or transfer hereof or in exchange herefor or in lieu hereof, whether or
    not notation of such consent or waiver is made upon this Security.

   

  As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the
    Indenture or for the appointment of a receiver or Trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the
    Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
    indemnity satisfactory to the Trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to
    institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any
    premium or interest hereon on or after the respective due dates expressed herein.

   

  No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and
    unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed.

   

  The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof.

   

  This Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with and governed
    by the laws of said State, without regard to conflict of laws principles thereof.

   

  All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

   

  
    7

    
      
 

  

   

  ASSIGNMENT

   

  

  	FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto:	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE:  __________________
	 
	 
	(Please print or typewrite name and address including postal zip code of assignee)
	 
	the within Global Security of HP INC. and all rights hereunder, hereby irrevocably constituting and appointing
	 
	 	 	attorney
	to transfer said Global Security on the books of the within-named Company, with full power of substitution in the premises.

    

  

  	Dated:	 	 	 
	 	 	
          SIGN HERE 

        	 
	 	 	 	
          NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT
            ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.  

           

          SIGNATURE GUARANTEED  

        

   

  
    8

    
      
 

  

  
   

  OPTION OF HOLDER TO ELECT PURCHASE

   

  If you want to elect to have all or part of this Security purchased by the Company pursuant to Change of Control, state the amount you elect to
    have purchased:

   

  		$__________________	   (integral multiples of $1,000,

          provided that the unpurchased

          portion must be in a minimum

          principal amount of $2,000)

   

  Date: _____________________

   

  

  	 	Your Signature:
	 	 	 
	 	 	_____________	 
	 	 	(Sign exactly as your name appears on the face of this Security)
	 	Tax Identification No.:	 
	 	 

    

  Signature Guarantee*: __________________________________

   

  * Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

   

  

  
    B-1-1

    
      
 

  

   

  SCHEDULE OF EXCHANGE OF GLOBAL SECURITY*

   

  The initial principal amount of this Global Security is $                       . The following increases or decreases in this Global Security have been made:

   

  

  	Date	 	Amount of 

            Decrease in 

            Principal 

            Amount of 

            this Global 

            Security	 	Amount of 

            Increase in 

            Principal 

            Amount of 

            this Global 

            Security	 	Principal 

            Amount of 

            this Global 

            Security 

            Following 

            Such Decrease 

            or Increase	 	Signature of 

            Authorized 

            Signatory of 

            Trustee or 

            Securities 

            Custodian

   

  

  

   __________________

    *This schedule should be included only if the Security is issued in global form.

   

  
    
      
 

  

  
   

  EXHIBIT B-2

   

  Form of 3.000% note due 2027

   

  
    B-1-1

    
      
 

  

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
    OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS
    REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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.

   

  TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
    TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

   

  
    
      
 

  

   

  HP INC.

   

  3.000% notes due 2027

   

  	No. R- 	 	$ 

   

  CUSIP No. 40434L AB1 

   

  HP Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under the
    Indenture hereinafter referred to), for value received, hereby promises to pay to                           , or registered assigns, the principal sum of                          Dollars ($                           ) or such other amount indicated on
    the Schedule of Exchange of Global Security attached hereto on June 17, 2027 (if such date is not a Business Day, payment of principal, premium, if any, and interest for the Securities will be paid on the next Business Day); provided, however,
    that no interest on that payment will accrue from and after June 17, 2027, and to pay interest thereon from June 17, 2020, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on June 17 and
    December 17 in each year, commencing December 17, 2020, at the rate of 3.000% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
    will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be on June 2 or December 2
    (whether or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
    either be paid to the Person in whose name this Security (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 Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of
    this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest on the Security shall be computed on the basis of a 360-day year comprised of twelve 30- day months. If an
    Interest Payment Date on the Securities falls on a date that is not a Business Day, the payment of such interest shall be postponed to the next succeeding Business Day as if made on the Interest Payment Date, and no interest on such payment shall
    accrue for the period from and after such Interest Payment Date to the date of such payment on the next succeeding Business Day.

   

  So long as all of the Securities of this series are represented by Global Securities, the principal of, premium, if any, and interest, if any, on this Global
    Security shall be paid in immediately available funds to the Depositary or to a nominee of the Depositary. If at any time the Securities of this series are no longer represented by the Global Securities and are issued in definitive form (“Certificated

      Securities”), then the principal of, premium, if any, and interest, if any, on each Certificated Security at Maturity shall be paid to the Holder upon surrender of such Certificated Security at the office or agency

   

  

  
    
      
 

  

   

  maintained by the Company in the Borough of Manhattan, The City of New York (which shall initially be the office of The Bank of New York Mellon, an affiliate of The
    Bank of New York Mellon Trust Company, N.A., the Trustee); provided that such Certificated Security is surrendered to the Trustee, acting as Paying Agent, in time for the Paying Agent to make such payments in such funds in accordance with its
    normal procedures. Payments of interest with respect to Certificated Securities other than at Maturity may, at the option of the Company, be made by check mailed to the address of the Person entitled thereto as it appears on the Security Register on
    the relevant Regular or Special Record Date, as the case may be, or by wire transfer in same day funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular or
    Special Record Date.

   

  Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same
    effect as if set forth at this place.

   

  Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual, electronic or facsimile or pdf or other
    electronically imaged signature (including, without limitation, DocuSign or AdobeSign), this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

   

  [Remainder of page intentionally left blank]

   

  
    
      
 

  

   

  IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

   

  

  

  	 	HP INC.
	 	 	 
	 	By:	 	 
	 	 	Name: 	Zachary J. Nesper
	 	 	Title:	Treasurer

   

  	 	Attest:	 	 
	 	 	Name: 	Ruairidh Ross
	 	 	Title:	Assistant Secretary

   

  [Signature Page to 3.000% notes due 2027 – R-    ]

   

  
    
      
 

  

   

  Trustee’s Certificate of Authentication.

   

  This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture.

   

  

  

  	Dated:	 	 

   

  THE BANK OF NEW YORK MELLON

    TRUST COMPANY, N.A., as Trustee

   

  

  	By:	 	 
	 	Authorized Signatory	 

   

  [Signature Page to 3.000% notes due 2027 – R-    ]

   

  
    
      
 

  

  
  

  

  Reverse of Security

   

  This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series
    under an Indenture, dated as of June 17, 2020 (herein called the “Base Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee,” which term includes any successor
    Trustee under the Indenture), as supplemented and modified by the Officers’ Certificate dated June 17, 2020 (as supplemented and modified, the “Indenture”) and reference is hereby made to the Indenture and all indentures supplemental thereto for
    a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This
    Security is one of the series designated on the face hereof initially limited in aggregate principal amount of $1,000,000,000.

   

  Optional Redemption

   

  The Company will have the right to redeem the Securities, in whole at any time or in part from time to time, on at least 15 days’ but not more than 45 days’ prior
    written notice sent to the registered Holders of the Securities to be redeemed.

   

  Prior to the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to the greater of:

   

  (i)        100.000% of the principal amount of the Securities to be redeemed; and

   

  (ii)        the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present values of the
    remaining scheduled payments of principal and interest thereon that would be due if the Securities to be redeemed matured on the Par Call Date (exclusive of accrued and unpaid interest, if any, to, but excluding, 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 then current Treasury Rate plus 40 basis points,

   

  plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date.

   

  On or after the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to 100.000% of the
    principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

   

  If money sufficient to pay the Redemption Price of and accrued interest on the Securities (or portions thereof) to be redeemed on the Redemption Date is deposited
    with the Trustee or Paying Agent on or before the Redemption Date and the conditions set forth in Article 11 of the Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Securities (or such portion
    thereof) called for

   

  
    1

    
      
 

  

   

  redemption. If any Redemption Date is not a Business Day, the Company will pay the Redemption Price on the next Business Day without any interest or other payment due
    to the delay.

   

  If fewer than all of the Securities are to be redeemed, not more than 45 days prior to the Redemption Date, the Securities for redemption shall be selected from the
    Outstanding Securities not previously called in accordance with the procedures of DTC or, in the case of Certificated Securities, by lot or by such method consistent with the Trustee’s procedures. No Securities of $1,000 or less will be redeemed in
    part; provided that the unredeemed portion of the Securities redeemed in part may not be less than $2,000.

   

  Unless the Company defaults in the payment of the Redemption Price and accrued interest, no interest will accrue on the Securities called for redemption for the
    period from and after the Redemption Date.

   

  In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be
    issued in the name of the Holder hereof upon the cancellation hereof.

   

  “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the
    remaining term (the “Remaining Life”) of the Securities to be redeemed (assuming for this purpose that such Securities to be redeemed matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary
    financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities (assuming for this purpose that the Securities to be redeemed matured on the Par Call Date).

   

  “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date,
    after excluding the highest and lowest Reference Treasury Dealer Quotations, (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations or (3) if the Independent
    Investment Banker obtains only one such Reference Treasury Dealer Quotation, such quotation.

   

  “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company appoints to act as the Independent Investment Banker from time to
    time.

   

  “Par Call Date” means April 17, 2027.

   

  “Reference Treasury Dealer” means each of BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC,
    and any other primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”) that the Company specifies from time to time, and their respective successors; provided, however, that if any of the foregoing shall cease to be
    a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

   

  
    2

    
      
 

  

   

  “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the
    Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
    Business Day preceding such Redemption Date.

   

  “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to: (1) the yield, under the heading which represents the average for the
    immediately preceding week, appearing in, or available through, the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System (or
    companion online data resource published by the Board of Governors of the Federal Reserve System) and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant
    Maturities,” for the maturity corresponding to the Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Securities to be redeemed, yields for the two published maturities most closely
    corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from those yields on a straight-line basis, rounding to the nearest month or (2) if such release (or any successor release)
    is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable
    Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated by the Company on the third Business Day preceding the Redemption Date.

   

  Purchase of Securities upon a Change of Control Triggering Event

   

  If a Change of Control Repurchase Event occurs after the date hereof, unless the Company has exercised its right to redeem the Securities as described above under
    “Optional Redemption,” the Company will make an offer to each Holder of Securities to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Securities at a repurchase price in cash equal to
    101.000% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of purchase.

   

  Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the public announcement of the
    transaction or event that constitutes or may constitute the Change of Control, the Company will send a notice to each Holder to which the Company is required to make a repurchase offer as described above, with a copy to the Trustee, describing the
    transaction or event that constitutes or may constitute the Change of Control Repurchase Event and offering to repurchase the Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days
    from the date such notice is mailed. The notice may, if sent prior to the date of consummation of the

   

  
    3

    
      
 

  

   

  Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the
    notice.

   

  On the Change of Control Repurchase Event payment date, the Company shall, to the extent lawful:

   

  (i)         accept for payment all Securities or portions of Securities (in a minimum principal amount of $2,000 and integral
    multiples of $1,000 in excess thereof) properly tendered and not withdrawn pursuant to the Company’s offer;

   

  (ii)        deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions of
    Securities properly tendered and not withdrawn; and

   

  (iii)       deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate
    stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company.

   

  The Paying Agent will promptly send to each Holder of Securities properly tendered and not withdrawn the purchase price for such Securities, and the Trustee will
    promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any such Securities surrendered; provided that each new Security will be in a
    minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.

   

  The Company will not be required to make an offer to repurchase the Securities upon a Change of Control Repurchase Event if a third party makes such an offer in the
    manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer.

   

  The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those
    laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with this provision, the
    Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this provision by virtue of any such conflict.

   

  “Below Investment Grade Rating Event” means, with respect to the Securities, the rating on the Securities is lowered by each of the Rating Agencies, and the
    Securities are rated below Investment Grade by each of the Rating Agencies, within 60 days from the earlier of (1) the date of the public notice of an arrangement that could result in a Change of Control or (2) the occurrence of a Change of Control
    (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by any of the Rating Agencies).

   

  
    4

    
      
 

  

   

  “Board of Directors” means either the Board of Directors of the Company or any duly authorized committee empowered by that Board of Directors or the executive
    committee thereof to act with respect to the Indenture.

   

  “Change of Control” means the occurrence of any of the following:

   

  (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
    transactions, of all or substantially all of the Company’s assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one
    or more of its subsidiaries; (2) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as those terms are used for
    purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting
    Stock, measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in
    which any of the Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock
    outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person, measured by voting power
    rather than number of shares, immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or (5) the adoption by the Company of a plan
    providing for its liquidation or dissolution.

   

  Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control under clause (2) above if (a) the Company becomes a direct or indirect
    wholly owned subsidiary of a holding company and (b)(y) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock
    immediately prior to that transaction or (z) immediately following that transaction, no person (as that term is used in Section 13(d)(3) of the Exchange Act), other than a holding company satisfying the requirements of this sentence, is the beneficial
    owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

   

  For purposes of the foregoing discussion of the purchase of Securities upon a Change of Control Triggering Event, the following definitions are applicable:

   

  “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

   

  
    5

    
      
 

  

   

  “Continuing Directors” means, as of any date of determination, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors
    on June 17, 2020 or (2) was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination, election or
    appointment (either by a specific vote or by approval by such Continuing Directors of the Company’s proxy statement in which such member was named as a nominee for election as a director).

   

  “Fitch” means Fitch Ratings, Ltd., a division of Fitch, Inc., or its successors.

   

  “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch), Baa3 or better by Moody’s (or
    its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating
    Agency or Rating Agencies selected by the Company.

   

  “Moody’s” means Moody’s Investors Service, Inc. or its successors.

   

  “Rating Agency” means (1) each of Fitch, Moody’s and S&P and (2) if any of Fitch, Moody’s or S&P ceases to rate the Securities or fails to make a
    rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement
    agency for Fitch, Moody’s or S&P, or all of them, as the case may be.

   

  “S&P” means S&P Global Ratings, a division of S&P Global Inc., or its successors.

   

  “Voting Stock” means, with respect to any person as of any date, capital stock of any class or kind the holders of which are ordinarily, in the absence of
    contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency.

   

  The Indenture contains provisions, which will apply to the Securities, for defeasance and covenant defeasance and Events of Default with respect to this Security, in
    each case upon compliance with certain conditions set forth in the Indenture.

   

  If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due
    and payable in the manner and with the effect provided in the Indenture.

   

  The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the
    rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at the time Outstanding of each

   

  
    6

    
      
 

  

   

  series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at
    the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or
    waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration or transfer hereof or in exchange herefor or in lieu hereof, whether or
    not notation of such consent or waiver is made upon this Security.

   

  As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the
    Indenture or for the appointment of a receiver or Trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the
    Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
    indemnity satisfactory to the Trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to
    institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any
    premium or interest hereon on or after the respective due dates expressed herein.

   

  No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and
    unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed.

   

  The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof.

   

  This Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with and governed
    by the laws of said State, without regard to conflict of laws principles thereof.

   

  All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

   

  
    7

    
      
 

  

   

  ASSIGNMENT

   

  	FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto:	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE:  __________________
	 
	 
	(Please print or typewrite name and address including postal zip code of assignee)
	 
	the within Global Security of HP INC. and all rights hereunder, hereby irrevocably constituting and appointing
	 
	 	 	attorney
	to transfer said Global Security on the books of the within-named Company, with full power of substitution in the premises.

   

  	Dated:	 	 	 
	 	 	
          SIGN HERE 

        	 
	 	 	 	
          NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT
            ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.  

           

          SIGNATURE GUARANTEED  

        
	 	 	 	 
	 	 	 	 

   

  
    8

    
      
 

  

  
   

  OPTION OF HOLDER TO ELECT PURCHASE

   

  If you want to elect to have all or part of this Security purchased by the Company pursuant to Change of Control, state the amount you elect to
    have purchased:

   

  		$_______________	       (integral multiples of $1,000,

          provided that the unpurchased

          portion must be in a minimum

          principal amount of $2,000)

   

  Date: _____________________ 

   

  	 	Your Signature:
	 	 	 	 
	 	 	 	 	 
	 	 	(Sign exactly as your name appears on the face of this Security)
	 	Tax Identification No.:
	 	 	 	 

   

  Signature Guarantee*: __________________________________

   

  * Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

   

  
    B-2-1

    
      
 

  

   

  SCHEDULE OF EXCHANGE OF GLOBAL SECURITY*

   

  The initial principal amount of this Global Security is $                    . The following increases or decreases in this Global Security have been made:

   

  	Date 	 	Amount of

            Decrease in

            Principal

            Amount of

            this Global

            Security	 	Amount of

            Increase in

            Principal

            Amount of

            this Global

            Security	 	Principal

            Amount of

            this Global

            Security

            Following

            Such Decrease

            or Increase	 	Signature of

            Authorized

            Signatory of

            Trustee or

            Securities

            Custodian
	 	 	 	 	 	 	 	 	 

   

  

  *This schedule should be included only if the Security is issued in global form.

   

  
    
      
 

  

  
   

  EXHIBIT B-3

   

  Form of 3.400% note due 2030

   

  
    B-2-1

    
      
 

  

   

  UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION
    OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS
    REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), 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.

   

  TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
    TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF.

   

  
    
      
 

  

   

  HP INC.

  3.400% notes due 2030

   

  		No. R-	$

  CUSIP No. 40434L AC9 

   

  HP Inc., a corporation duly organized and existing under the laws of Delaware (herein called the “Company,” which term includes any successor Person under the
    Indenture hereinafter referred to), for value received, hereby promises to pay to                   , or registered assigns, the principal sum of                      Dollars ($                    ) or such other amount indicated on the Schedule of
    Exchange of Global Security attached hereto on June 17, 2030 (if such date is not a Business Day, payment of principal, premium, if any, and interest for the Securities will be paid on the next Business Day); provided, however, that no
    interest on that payment will accrue from and after June 17, 2030, and to pay interest thereon from June 17, 2020, or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on June 17 and December
    17 in each year, commencing December 17, 2020, at the rate of 3.400% per annum, until the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as
    provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be on June 2 or December 2 (whether
    or not a Business Day), as the case may be, immediately preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be
    paid to the Person in whose name this Security (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 Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series
    may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. Interest on the Security shall be computed on the basis of a 360-day year comprised of twelve 30- day months. If an Interest Payment
    Date on the Securities falls on a date that is not a Business Day, the payment of such interest shall be postponed to the next succeeding Business Day as if made on the Interest Payment Date, and no interest on such payment shall accrue for the period
    from and after such Interest Payment Date to the date of such payment on the next succeeding Business Day.

   

  So long as all of the Securities of this series are represented by Global Securities, the principal of, premium, if any, and interest, if any, on this Global
    Security shall be paid in immediately available funds to the Depositary or to a nominee of the Depositary. If at any time the Securities of this series are no longer represented by the Global Securities and are issued in definitive form (“Certificated

      Securities”), then the principal of, premium, if any, and interest, if any, on each Certificated Security at Maturity shall be paid to the Holder upon surrender of such Certificated Security at the office or agency maintained by the Company in
    the Borough of Manhattan, The City of New York (which

   

  
    
      
 

  

   

  shall initially be the office of The Bank of New York Mellon, an affiliate of The Bank of New York Mellon Trust Company, N.A., the Trustee); provided that such
    Certificated Security is surrendered to the Trustee, acting as Paying Agent, in time for the Paying Agent to make such payments in such funds in accordance with its normal procedures. Payments of interest with respect to Certificated Securities other
    than at Maturity may, at the option of the Company, be made by check mailed to the address of the Person entitled thereto as it appears on the Security Register on the relevant Regular or Special Record Date, as the case may be, or by wire transfer in
    same day funds to such account as may have been appropriately designated to the Paying Agent by such Person in writing not later than such relevant Regular or Special Record Date.

   

  Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same
    effect as if set forth at this place.

   

  Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual, electronic or facsimile or pdf or other
    electronically imaged signature (including, without limitation, DocuSign or AdobeSign), this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

   

  [Remainder of page intentionally left blank]

   

  
    
      
 

  

   

  IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

   

  	 	HP INC.
	 	 	 	 	 
	 	By:	 	 	

        
	 	 	Name:	 Zachary J. Nesper
	 	 	Title:	Treasurer
	 	 	 	 	 	 
	 	Attest:	 	

        
	 	 	 	Name:	Ruairidh Ross
	 	 	 	Title:	Assistant Secretary

   

  

  [Signature Page to 3.400% notes due 2030 – R-     ]

   

  
    
      
 

  

   

  Trustee’s Certificate of Authentication.

   

  This is one of the Securities of the series designated herein referred to in the within-mentioned Indenture.

  

  	 	 	 
	Dated:	 	 	 
	 	 	 	 
	THE BANK OF NEW YORK MELLON

          TRUST COMPANY, N.A., as Trustee	 
	 	 	 	 	 
	By:	 	 	 	 
	 	Authorized Signatory	 

   

  [Signature Page to 3.400% notes due 2030 – R-           ] 

  
    
      
 

  

  
   

  Reverse of Security

   

  This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series
    under an Indenture, dated as of June 17, 2020 (herein called the “Base Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (herein called the “Trustee,” which term includes any successor
    Trustee under the Indenture), as supplemented and modified by the Officers’ Certificate dated June 17, 2020 (as supplemented and modified, the “Indenture”) and reference is hereby made to the Indenture and all indentures supplemental thereto for
    a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This
    Security is one of the series designated on the face hereof initially limited in aggregate principal amount of $850,000,000.

   

  Optional Redemption

   

  The Company will have the right to redeem the Securities, in whole at any time or in part from time to time, on at least 15 days’ but not more than 45 days’ prior
    written notice sent to the registered Holders of the Securities to be redeemed.

   

  Prior to the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to the greater of:

   

  (i)         100.000% of the principal amount of the Securities to be redeemed; and

   

  (ii)        the sum, as determined by the Company based on the Reference Treasury Dealer Quotations, of the present values of the
    remaining scheduled payments of principal and interest thereon that would be due if the Securities to be redeemed matured on the Par Call Date (exclusive of accrued and unpaid interest, if any, to, but excluding, 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 then current Treasury Rate plus 40 basis points,

   

  plus, in each case, accrued and unpaid interest, if any, on the amount being redeemed to, but excluding, the Redemption Date.

   

  On or after the Par Call Date, the Securities will be redeemable in whole at any time or in part from time to time at a Redemption Price equal to 100.000% of the
    principal amount of the Securities to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

   

  If money sufficient to pay the Redemption Price of and accrued interest on the Securities (or portions thereof) to be redeemed on the Redemption Date is deposited
    with the Trustee or Paying Agent on or before the Redemption Date and the conditions set forth in Article 11 of the Indenture are satisfied, then on and after the Redemption Date, interest will cease to accrue on the Securities (or such portion
    thereof) called for

   

  
    1

    
      
 

  

   

  redemption. If any Redemption Date is not a Business Day, the Company will pay the Redemption Price on the next Business Day without any interest or other payment due
    to the delay.

   

  If fewer than all of the Securities are to be redeemed, not more than 45 days prior to the Redemption Date, the Securities for redemption shall be selected from the
    Outstanding Securities not previously called in accordance with the procedures of DTC or, in the case of Certificated Securities, by lot or by such method consistent with the Trustee’s procedures. No Securities of $1,000 or less will be redeemed in
    part; provided that the unredeemed portion of the Securities redeemed in part may not be less than $2,000.

   

  Unless the Company defaults in the payment of the Redemption Price and accrued interest, no interest will accrue on the Securities called for redemption for the
    period from and after the Redemption Date.

   

  In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be
    issued in the name of the Holder hereof upon the cancellation hereof.

   

  “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the
    remaining term (the “Remaining Life”) of the Securities to be redeemed (assuming for this purpose that such Securities to be redeemed matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary
    financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities (assuming for this purpose that the Securities to be redeemed matured on the Par Call Date).

   

  “Comparable Treasury Price” means, with respect to any Redemption Date, (1) the average of the Reference Treasury Dealer Quotations for such Redemption Date,
    after excluding the highest and lowest Reference Treasury Dealer Quotations, (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations or (3) if the Independent
    Investment Banker obtains only one such Reference Treasury Dealer Quotation, such quotation.

   

  “Independent Investment Banker” means one of the Reference Treasury Dealers that the Company appoints to act as the Independent Investment Banker from time to
    time.

   

  “Par Call Date” means March 17, 2030.

   

  “Reference Treasury Dealer” means each of BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC,
    and any other primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”) that the Company specifies from time to time, and their respective successors; provided, however, that if any of the foregoing shall cease to be
    a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer.

   

  
    2

    
      
 

  

   

  “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the
    Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third
    Business Day preceding such Redemption Date.

   

  “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to: (1) the yield, under the heading which represents the average for the
    immediately preceding week, appearing in, or available through, the most recently published statistical release designated “H.15” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System (or
    companion online data resource published by the Board of Governors of the Federal Reserve System) and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant
    Maturities,” for the maturity corresponding to the Comparable Treasury Issue; provided that, if no maturity is within three months before or after the Remaining Life of the Securities to be redeemed, yields for the two published maturities most closely
    corresponding to the Comparable Treasury Issue shall be determined and the Treasury Rate shall be interpolated or extrapolated from those yields on a straight-line basis, rounding to the nearest month or (2) if such release (or any successor release)
    is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable
    Treasury Issue (expressed as a percentage of its principal amount) equal to the related Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated by the Company on the third Business Day preceding the Redemption Date.

   

  Purchase of Securities upon a Change of Control Triggering Event

   

  If a Change of Control Repurchase Event occurs after the date hereof, unless the Company has exercised its right to redeem the Securities as described above under
    “Optional Redemption,” the Company will make an offer to each Holder of Securities to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Securities at a repurchase price in cash equal to
    101.000% of the aggregate principal amount of Securities repurchased plus any accrued and unpaid interest on the Securities repurchased to the date of purchase.

   

  Within 30 days following any Change of Control Repurchase Event or, at the Company’s option, prior to any Change of Control, but after the public announcement of the
    transaction or event that constitutes or may constitute the Change of Control, the Company will send a notice to each Holder to which the Company is required to make a repurchase offer as described above, with a copy to the Trustee, describing the
    transaction or event that constitutes or may constitute the Change of Control Repurchase Event and offering to repurchase the Securities on the payment date specified in the notice, which date will be no earlier than 30 days and no later than 60 days
    from the date such notice is mailed. The notice may, if sent prior to the date of consummation of the

   

  
    3

    
      
 

  

   

  Change of Control, state that the offer to purchase is conditioned on the Change of Control Repurchase Event occurring on or prior to the payment date specified in the
    notice.

   

  On the Change of Control Repurchase Event payment date, the Company shall, to the extent lawful:

   

  (i)         accept for payment all Securities or portions of Securities (in a minimum principal amount of $2,000 and integral
    multiples of $1,000 in excess thereof) properly tendered and not withdrawn pursuant to the Company’s offer;

   

  (ii)        deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Securities or portions of
    Securities properly tendered and not withdrawn; and

   

  (iii)       deliver or cause to be delivered to the Trustee the Securities properly accepted, together with an Officers’ Certificate
    stating the aggregate principal amount of Securities or portions of Securities being purchased by the Company.

   

  The Paying Agent will promptly send to each Holder of Securities properly tendered and not withdrawn the purchase price for such Securities, and the Trustee will
    promptly authenticate and mail (or cause to be transferred by book-entry) to each Holder a new Security equal in principal amount to any unpurchased portion of any such Securities surrendered; provided that each new Security will be in a
    minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof.

   

  The Company will not be required to make an offer to repurchase the Securities upon a Change of Control Repurchase Event if a third party makes such an offer in the
    manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer.

   

  The Company will comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those
    laws and regulations are applicable in connection with the repurchase of the Securities as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with this provision, the
    Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this provision by virtue of any such conflict.

   

  “Below Investment Grade Rating Event” means, with respect to the Securities, the rating on the Securities is lowered by each of the Rating Agencies, and the
    Securities are rated below Investment Grade by each of the Rating Agencies, within 60 days from the earlier of (1) the date of the public notice of an arrangement that could result in a Change of Control or (2) the occurrence of a Change of Control
    (which period shall be extended so long as the rating of the Securities is under publicly announced consideration for possible downgrade by any of the Rating Agencies).

   

  
    4

    
      
 

  

   

  “Board of Directors” means either the Board of Directors of the Company or any duly authorized committee empowered by that Board of Directors or the executive
    committee thereof to act with respect to the Indenture.

   

  “Change of Control” means the occurrence of any of the following:

   

  (1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
    transactions, of all or substantially all of the Company’s assets and those of its subsidiaries, taken as a whole, to any “person” or “group” (as those terms are used for purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one
    or more of its subsidiaries; (2) the consummation of any transaction or series of related transactions (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as those terms are used for
    purposes of Section 13(d)(3) of the Exchange Act), other than the Company or one of its wholly owned subsidiaries, becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting
    Stock, measured by voting power rather than number of shares; (3) the Company consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in
    which any of the Company’s outstanding Voting Stock or the Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Company’s Voting Stock
    outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person or any direct or indirect parent company of the surviving person, measured by voting power
    rather than number of shares, immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Company’s Board of Directors are not Continuing Directors; or (5) the adoption by the Company of a plan
    providing for its liquidation or dissolution.

   

  Notwithstanding the foregoing, a transaction will not be considered to be a Change of Control under clause (2) above if (a) the Company becomes a direct or indirect
    wholly owned subsidiary of a holding company and (b)(y) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting Stock
    immediately prior to that transaction or (z) immediately following that transaction, no person (as that term is used in Section 13(d)(3) of the Exchange Act), other than a holding company satisfying the requirements of this sentence, is the beneficial
    owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

   

  For purposes of the foregoing discussion of the purchase of Securities upon a Change of Control Triggering Event, the following definitions are applicable:

   

  “Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

   

  
    5

    
      
 

  

   

  “Continuing Directors” means, as of any date of determination, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors
    on June 17, 2020 or (2) was nominated for election, elected or appointed to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination, election or
    appointment (either by a specific vote or by approval by such Continuing Directors of the Company’s proxy statement in which such member was named as a nominee for election as a director).

   

  “Fitch” means Fitch Ratings, Ltd., a division of Fitch, Inc., or its successors.

   

  “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch), Baa3 or better by Moody’s (or
    its equivalent under any successor rating categories of Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating
    Agency or Rating Agencies selected by the Company.

   

  “Moody’s” means Moody’s Investors Service, Inc. or its successors.

   

  “Rating Agency” means (1) each of Fitch, Moody’s and S&P and (2) if any of Fitch, Moody’s or S&P ceases to rate the Securities or fails to make a
    rating of the Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement
    agency for Fitch, Moody’s or S&P, or all of them, as the case may be.

   

  “S&P” means S&P Global Ratings, a division of S&P Global Inc., or its successors.

   

  “Voting Stock” means, with respect to any person as of any date, capital stock of any class or kind the holders of which are ordinarily, in the absence of
    contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such person, even if the right so to vote has been suspended by the happening of such a contingency.

   

  The Indenture contains provisions, which will apply to the Securities, for defeasance and covenant defeasance and Events of Default with respect to this Security, in
    each case upon compliance with certain conditions set forth in the Indenture.

   

  If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due
    and payable in the manner and with the effect provided in the Indenture.

   

  The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the
    rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of more than 50% in principal amount of the Securities at the time Outstanding of each

   

  
    6

    
      
 

  

   

  series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at
    the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or
    waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration or transfer hereof or in exchange herefor or in lieu hereof, whether or
    not notation of such consent or waiver is made upon this Security.

   

  As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the
    Indenture or for the appointment of a receiver or Trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the
    Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee
    indemnity satisfactory to the Trustee, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction inconsistent with such request, and shall have failed to
    institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof or any
    premium or interest hereon on or after the respective due dates expressed herein.

   

  No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and
    unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed.

   

  The Securities of this series are issuable only in registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in excess thereof.

   

  This Security shall be deemed to be a contract made under the laws of the State of New York, and for all purposes shall be construed in accordance with and governed
    by the laws of said State, without regard to conflict of laws principles thereof.

   

  All terms used in this Security that are defined in the Indenture shall have the meanings assigned to them in the Indenture.

   

  
    7

    
      
 

  

   

  ASSIGNMENT

   

  	FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto:	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE:  __________________
	 
	 
	(Please print or typewrite name and address including postal zip code of assignee)
	 
	the within Global Security of HP INC. and all rights hereunder, hereby irrevocably constituting and appointing
	 
	 	 	attorney
	to transfer said Global Security on the books of the within-named Company, with full power of substitution in the premises.

   

  	Dated:	 	 	 
	 	 	
          SIGN HERE 

        	 
	 	 	 	
          NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN INSTRUMENT IN EVERY PARTICULAR, WITHOUT
            ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.  

           

          SIGNATURE GUARANTEED  

        
	 	 	 	 
	 	 	 	 

   

  
    8

    
      
 

  

  
   

  OPTION OF HOLDER TO ELECT PURCHASE

   

  If you want to elect to have all or part of this Security purchased by the Company pursuant to Change of Control, state the amount you elect to
    have purchased:

   

  		$_______________	       (integral multiples of $1,000,

          provided that the unpurchased

          portion must be in a minimum

          principal amount of $2,000)

   

  Date: _____________________

   

  	 	Your Signature:
	 	 	 	 
	 	 	 	 	 
	 	 	(Sign exactly as your name appears on the face of this Security)
	 	
	 	Tax Identification No.:	 

   

  Signature Guarantee*: __________________________________

   

   

  

  * Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

   

  
    B-3-1

    
      
 

  

   

  SCHEDULE OF EXCHANGE OF GLOBAL SECURITY*

   

  The initial principal amount of this Global Security is $                    . The following increases or decreases in this Global Security have been made:

   

  	Date 	 	Amount of

            Decrease in

            Principal

            Amount of

            this Global

            Security	 	Amount of

            Increase in

            Principal

            Amount of

            this Global

            Security	 	Principal

            Amount of

            this Global

            Security

            Following

            Such Decrease

            or Increase	 	Signature of

            Authorized

            Signatory of

            Trustee or

            Securities

            Custodian
	 	 	 	 	 	 	 	 	 

   

  

  *This schedule should be included only if the Security is issued in global form.

   

   B-3-2WELLS FARGO & COMPANY 8-K

 

Exhibit 4.1

 

[Face of Note]

 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or such other entity as is requested by an authorized representative of DTC), 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.

 

	
CUSIP NO. 95001DA75

	
PRINCIPAL AMOUNT: $___________

REGISTERED NO. _

 

WELLS FARGO & COMPANY

 

MEDIUM-TERM NOTE, SERIES T

 

Due Nine Months or More From Date of Issue

 

Notes due June 17, 2022

 

WELLS FARGO & COMPANY, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called 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 ______________________________________________________ DOLLARS ($___________) on June 17, 2022 (the “Stated Maturity Date”) and to pay interest thereon from June 17, 2020 or from the most recent Interest Payment Date to which interest has been paid or duly provided for monthly on the 17th day of each month, commencing July 17, 2020, and at Maturity (each, an “Interest Payment Date”), at the rate of 1.00% per annum until the principal hereof is paid or 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, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest next preceding such Interest Payment Date.  The Regular Record Date for an Interest Payment Date shall be one Business Day prior to such Interest Payment Date.  If an Interest Payment Date is not a Business Day, interest on this Security shall be payable on the next day that is a Business Day, with the same force and effect as if made on such Interest Payment Date, and without any interest or other payment with respect to the delay.  “Business Day” shall mean a day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by law or regulation to close in New York, New York.

 

Except as described below for the first Interest Period, on each Interest Payment Date, interest will be paid for the period commencing on and including the immediately preceding Interest Payment Date and ending on and including the day immediately preceding that Interest Payment Date.  This period is referred to as an “Interest Period.”  The first Interest Period will

 

     

     

    

 

commence on and include June 17, 2020 and end on and include July 16, 2020.  Interest on this Security will be computed on the basis of a 360-day year of twelve 30-day months. 

 

Any interest not punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (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 Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture.

 

Payment of interest on this Security will be made in immediately available funds at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota 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, at the option of the Company, payment of interest may be paid by check mailed to the Person entitled thereto at such Person’s last address as it appears in the Security Register or by wire transfer to such account as may have been designated by such Person.  Payment of principal of and interest on this Security at Maturity will be made against presentation of this Security at the office or agency of the Company maintained for that purpose in the City of Minneapolis, Minnesota.  Notwithstanding the foregoing, for so long as this Security is a Global Security registered in the name of the Depositary, payments of principal and interest on this Security will be made to the Depositary by wire transfer of immediately available funds.

 

This Security is redeemable at the option of the Company, in whole but not in part, on any Optional Redemption Date at a Redemption Price equal to 100% of the principal amount of this Security to be redeemed, plus any accrued but unpaid interest to, but excluding, the Redemption Date.  The “Optional Redemption Dates” are quarterly on the 17th day of each March, June, September and December, commencing June 17, 2021 and ending March 17, 2022.  Notice of any redemption will be mailed at least 5 but not more than 30 days before the applicable Redemption Date to the Holder hereof.  Unless the Company defaults in the payment of the Redemption Price, on or after the Redemption Date, interest will cease to accrue on this Security or the portion hereof called for redemption.

 

This Security is not subject to repayment at the option of the Holder hereof prior to June 17, 2022.  This Security is not entitled to any sinking fund.

 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place.

 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature or its duly authorized agent under the Indenture referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 

[The remainder of this
page has been left intentionally blank] 

 

    2 

     

    

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed.

 

DATED: 

 

	
 

	
WELLS FARGO & COMPANY

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
Its:

	
 

	
 

	
 

	
 

	
Attest:

	
 

	
 

	
 

	
Its: 

 

TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 

This is one of the Securities of the 

series designated therein described 

in the within-mentioned Indenture. 

	
 

	
 

	
 

	
CITIBANK, N.A.,

	
 

	
 

	
as Trustee

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
Authorized Signature

	
 

	
 

	
 

	
 

	
 

	
OR

	
 

	
 

	
 

	
 

	
WELLS FARGO BANK, N.A.,

	
 

	
 

	
as Authenticating Agent for the Trustee

	
 

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	
Authorized Signature

	
 

  

    3 

     

    

 

[Reverse of Note]

 

WELLS FARGO & COMPANY

 

MEDIUM-TERM NOTE, SERIES T

 

Due Nine Months or More From Date of Issue

 

Notes due June 17, 2022

 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an indenture dated as of February 21, 2017, as amended or supplemented from time to time (herein called the “Indenture”), between the Company and Citibank, N.A., as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities, and of the terms upon which the Securities are, and are to be, authenticated and delivered.  This Security is one of the series of the Securities designated as Medium-Term Notes, Series T, of the Company.  The Securities of this series will bear interest at a fixed rate or a floating rate.  The Securities of this series may mature at different times, be redeemable at different times or not at all, be repayable at the option of the Holder at different times or not at all and be denominated in different currencies.

 

The Securities are issuable only in registered form without coupons and will be either (a) book-entry securities represented by one or more Global Securities recorded in the book-entry system maintained by the Depositary or (b) certificated securities issued to and registered in the names of, the beneficial owners or their nominees.

 

The Company agrees, to the extent permitted by law, not to voluntarily claim the benefits of any laws concerning usurious rates of interest against a Holder of this Security.

 

Modification and Waivers 

 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of all series to be affected, acting together as a class.  The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities of all series at the time Outstanding affected by certain provisions of the Indenture, acting together as a class, on behalf of the Holders of all Securities of such series, to waive compliance by the Company with those provisions of the Indenture.  Certain past defaults under the Indenture and their consequences may be waived under the Indenture by the Holders of a majority in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder

 

    4 

     

    

 

and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

 

Defeasance

 

Section 403 and Article Fifteen of the Indenture and the provisions of clause (ii) of Section 401(1)(B) of the Indenture, relating to defeasance at any time of (a) the entire indebtedness on this Security and (b) certain restrictive covenants, upon compliance by the Company with certain conditions set forth therein, shall not apply to this Security.  The remaining provisions of Section 401 of the Indenture shall apply to this Security.

 

Authorized Denominations

 

This Security is issuable only in registered form without coupons in denominations of $1,000 or any amount in excess thereof which is an integral multiple of $1,000.

 

Registration of Transfer

 

Upon due presentment for registration of transfer of this Security at the office or agency of the Company in the City of Minneapolis, Minnesota, a new Security or Securities of this series, with the same terms as this Security, in authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange herefor, as provided in the Indenture and subject to the limitations provided therein and to the limitations described below, without charge except for any tax or other governmental charge imposed in connection therewith.

 

This Security is exchangeable for definitive Securities in registered form only if (x) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Security or if at any time the Depositary ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and a successor depositary is not appointed within 90 days after the Company receives such notice or becomes aware of such ineligibility, (y) the Company in its sole discretion determines that this Security shall be exchangeable for definitive Securities in registered form and notifies the Trustee thereof or (z) an Event of Default with respect to the Securities represented hereby has occurred and is continuing.  If this Security is exchangeable pursuant to the preceding sentence, it shall be exchangeable for definitive Securities in registered form, bearing interest at the same rate, having the same date of issuance, Stated Maturity Date and other terms and of authorized denominations aggregating a like amount. 

 

This Security may not be transferred except as a whole by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor of the Depositary or a nominee of such successor.  Except as provided above, owners of beneficial interests in this Global Security will not be entitled to receive physical delivery of Securities in definitive form and will not be considered the Holders hereof for any purpose under the Indenture. 

 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is

 

    5 

     

    

 

registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

Obligation of the Company Absolute

 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed, except as otherwise provided in this Security.

 

No Personal Recourse

 

No recourse shall be had for the payment of the principal of or the interest on this Security, or for any claim based hereon, or otherwise in respect hereof, or based on or in respect of the Indenture or any indenture supplemental thereto, against any incorporator, stockholder, officer or director, as such, past, present or future, of the Company or any successor corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issuance hereof, expressly waived and released.

 

Defined Terms

 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture unless otherwise defined in this Security.

 

Governing Law

 

This
Security shall be governed by and construed in accordance with the law of the State of New York, without regard to principles
of conflicts of laws. 

 

    6 

     

    

 

ABBREVIATIONS

 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations:

 

	
TEN COM

	
--

	
as tenants in common

	
 

	
 

	
 

	
TEN ENT

	
--

	
as tenants by the entireties

	
 

	
 

	
 

	
JT TEN

	
--

	
as joint tenants with right

	
 

	
 

	
of survivorship and not

	
 

	
 

	
as tenants in common

 

	
UNIF GIFT MIN ACT  --

	
 

	
Custodian

	
 

	
 

	
 

	
(Cust)

	
 

	
(Minor)

	
 

 

Under Uniform Gifts to Minors Act

 

	
 

	
 

	
(State)

	
 

 

Additional abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto

 

Please Insert Social Security or 

Other Identifying Number of Assignee

 

	
 

	
 

 

	
 

	
 

	
 

	
(Please print or type name and address including postal zip code of Assignee)

 

    7 

     

    

 

the within Security of WELLS FARGO & COMPANY and does hereby irrevocably constitute and appoint __________________ attorney to transfer the said Security on the books of the Company, with full power of substitution in the premises.

 

	
Dated:

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

 

NOTICE:  The signature to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatever.

 

    8

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