Document:

Exhibit 4.01

 

AGILENT TECHNOLOGIES, INC.

(as Obligor)

 

and

 

U.S. BANK NATIONAL ASSOCIATION

(as Trustee)

 

 

Second Supplemental Indenture

 

 

Dated as of September 14, 2009

 

 

4.45% Senior Notes due 2012

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
  ARTICLE I

  
	
   

  
	
  DEFINITIONS

  
	
   

  
	
  Section 1.01.

  	
  Definitions

  	
  1

  
	
   

  
	
  ARTICLE II

  
	
   

  
	
  TERMS OF THE
  NOTES

  
	
   

  
	
  Section 2.01.

  	
  Title

  	
  3

  
	
  Section 2.02.

  	
  Aggregate Principal
  Amount

  	
  3

  
	
  Section 2.03.

  	
  Maturity

  	
  3

  
	
  Section 2.04.

  	
  Interest

  	
  4

  
	
  Section 2.05.

  	
  Place of Payment

  	
  4

  
	
  Section 2.06.

  	
  Optional Redemption

  	
  4

  
	
  Section 2.07.

  	
  Change of Control
  Repurchase

  	
  6

  
	
  Section 2.08.

  	
  Issue Date

  	
  7

  
	
  Section 2.09.

  	
  Issue Price

  	
  7

  
	
  Section 2.10.

  	
  Definitive and Global
  Notes

  	
  7

  
	
  Section 2.11.

  	
  Denomination

  	
  7

  
	
  Section 2.12.

  	
  Further Issuances

  	
  7

  
	
  Section 2.13.

  	
  Defeasance and
  Discharge of Covenants upon Deposit of Moneys, U.S. Government Obligations

  	
  7

  
	
  Section 2.14.

  	
  Events of Default

  	
  7

  
	
  Section 2.15.

  	
  Limitation on Liens

  	
  7

  
	
  Section 2.16.

  	
  Effect of Supplemental
  Indentures

  	
  7

  
	
   

  	
   

  	
   

  
	
  Exhibit A

  	
  Form of Senior
  Note

  	
   

  

 

ii

 

THIS SECOND
SUPPLEMENTAL INDENTURE, between Agilent Technologies, Inc., a Delaware
corporation (the “Obligor”), having its principal office at 5301  Stevens
Creek Blvd., Santa Clara, California 95051, and U.S. Bank National
Association, as trustee (the “Trustee”), is made and entered into as of this
14th day of September, 2009.

 

RECITALS OF THE OBLIGOR

 

WHEREAS, the
Obligor and the Trustee executed and delivered an Indenture dated as of October 24,
2007 (the “Indenture”), to provide for the issuance by the Obligor from time to
time of debt securities;

 

WHEREAS,
capitalized terms used herein, not otherwise defined, shall have the same
meanings given them in the Indenture;

 

WHEREAS, pursuant
to a board resolution, the Obligor has authorized the issuance of $250 million
of its 4.45% Senior Notes due 2012 (the “Senior Notes”); and

 

WHEREAS, the
Obligor desires to establish the terms of the Senior Notes in accordance with Section 2.01
of the Indenture;

 

NOW, THEREFORE, it
is mutually agreed as follows:

 

ARTICLE I

 

DEFINITIONS

 

SECTION 1.01.
Definitions. For all purposes of this Second Supplemental Indenture,
except as otherwise expressly provided or unless the context otherwise
requires:

 

“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 properties or assets of the Obligor and its
Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d) and
Section 14(d) of the Exchange Act) other than the Obligor or one of
its Subsidiaries; (2) the adoption of a plan relating to the Obligor’s
liquidation or dissolution; (3) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of
which is that any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act) or group of persons, other than the Obligor or its
Subsidiaries, becomes the beneficial owner (as defined in Rules 13d-3 and
13d-5 of the Exchange Act), directly or indirectly, of more than 50% of the
combined voting power of the Obligor’s Voting Stock or other Voting Stock into
which the Obligor’s Voting Stock is reclassified, consolidated, exchanged or
changed, measured by voting power rather than number of shares; or (4) the
first day on which a majority of the members of the Board of Directors are not
Continuing Directors.

 

“Change of
Control Repurchase Event” means the occurrence of both a Change of Control
and a Ratings Event.

 

“Comparable
Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having an actual or interpolated maturity
comparable to the remaining term of the Senior Notes to be redeemed 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 Senior Notes.

 

“Comparable
Treasury Price” means, with respect to any Redemption Date, (1) the
arithmetic average of four Reference Treasury Dealer Quotations for such
Redemption Date after excluding the highest and lowest Reference Treasury
Dealer Quotations, or (2) if the Trustee obtains fewer than four Reference
Treasury Dealer Quotations, the arithmetic average of all Reference Treasury
Dealer Quotations for such Redemption Date.

 

1

 

“Continuing
Directors” means, as of any date of determination, any member of the Board
of Directors who (1) was a member of the Board of Directors on the date of
the issuance of the Senior Notes; or (2) was nominated for election or
elected to the Board of Directors with the approval of a majority of the
Continuing Directors who were members of the Board of Directors at the time of
such nomination or election.

 

“First
Supplemental Indenture” means the First Supplemental Indenture dated as of October 29,
2007 to the Indenture between the Obligor and the Trustee, as amended or
supplemented from time to time.

 

“Fitch” means Fitch Ratings Ltd. and its successors.

 

“Indenture”
has the meaning assigned in the recitals.

 

“Independent
Investment Banker” means Barclays Capital Inc., Citigroup Global Markets
Inc. or Credit Suisse Securities (USA) Inc., or their respective successors as
may be appointed from time to time by the Obligor; provided, however,
that if any of the foregoing ceases to be a primary U.S. Government securities
dealer in New York City (a “primary treasury dealer”), the Obligor shall
substitute another primary treasury dealer.

 

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

 

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

 

“Rating Agency”
means each of Fitch, Moody’s and S&P, so long as such entity makes a rating
of the notes publicly available; provided, however, 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 control of Agilent, Agilent shall
be allowed to designate a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-l(e)(2)(vi)(F) under
the Exchange Act (as certified by a resolution of the board of directors
of Agilent) as a replacement agency for the agency that ceased to make such a
rating publicly available.  For the
avoidance of doubt, failure by Agilent to pay rating agency fees to make a
rating of the notes shall not be a “reason outside of the control of Agilent”
for the purposes of the preceding sentence.

 

“Rating
Category” means (i) with respect to S&P, any of the following
categories: BBB, BB, B, CCC, CC, C and D (or equivalent successor categories); (ii) with
respect to Moody’s, any of the following categories: Baa, Ba, B, Caa, Ca, C and
D (or equivalent successor categories); (iii) with respect to Fitch, any
of the following categories: BBB, BB, B, CCC, CC, C and D (or equivalent
successor categories); and (iv) the equivalent of any such category of
S&P, Moody’s or Fitch used by another Rating Agency. In determining whether
the rating of the Senior Notes has decreased by one or more gradations,
gradations within Rating Categories (+ and - for S&P or Fitch; 1, 2 and 3
for Moody’s; or the equivalent gradations for another Rating Agency) shall be
taken into account (e.g., with respect to S&P or Fitch, a decline in a
rating from BB+ to BB, as well as from BB- to B+, shall constitute a decrease
of one gradation).

 

“Ratings Event”
means a decrease in the ratings of the Senior Notes by one or more of the
Rating Agencies such that the Senior Notes are rated below Investment Grade by
all of the Rating Agencies on any date from the date of the public notice of an
arrangement that could result in a Change of Control until the end of the
60-day period following public notice of the occurrence of a Change of Control
(which period shall be extended so long as the rating of the Senior Notes is
under publicly announced consideration for possible downgrade by any of the
Rating Agencies).

 

2

 

Notwithstanding
the foregoing, a Ratings Event otherwise arising by virtue of a particular
reduction in rating shall not be deemed to have occurred in respect of a
particular Change of Control (and thus shall not be deemed a Ratings Event for
purposes of the definition of Change of Control Repurchase Event hereunder) if
the Rating Agencies making the reduction in rating to which this definition
would otherwise apply do not announce or publicly confirm or inform the Trustee
in writing at its request that the reduction was the result, in whole or in
part, of any event or circumstance comprised of or arising as a result of, or
in respect of, the applicable Change of Control (whether or not the applicable
Change of Control shall have occurred at the time of the Ratings Event).

 

“Reference Treasury
Dealer” means Barclays Capital Inc., Citigroup Global Markets Inc. or
Credit Suisse Securities (USA) LLC, and one other primary treasury dealer
selected by Agilent, and each of their respective successors and any other
primary treasury dealers selected by Agilent.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the arithmetic average, as determined by the
Trustee, 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
Trustee by such Reference Treasury Dealer as of 5:00 p.m., New York City
time, on the third Business Day preceding such Redemption Date.

 

“Remaining
Scheduled Payments” means, with respect to any Senior Note to be redeemed,
the remaining scheduled payments of the principal thereof and interest thereon
that would be due after the related Redemption Date but for such redemption; provided,
however, that, if such Redemption Date is not an Interest Payment Date
with respect to such Senior Note, the amount of the next scheduled interest
payment thereon shall be reduced by the amount of interest accrued thereon to
such Redemption Date.

 

“Second
Supplemental Indenture” means this Second Supplemental Indenture to the
Indenture, as amended or supplemented from time to time.

 

“Senior Notes”
has the meaning assigned in the Recitals.

 

“S&P”
means Standard & Poor’s Rating Services, a division of The McGraw-Hill
Companies, Inc., and its successors.

 

“Treasury Rate”
means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to Maturity (computed as of the third Business Day
immediately preceding that Redemption Date) of the Comparable Treasury Issue.
In determining this rate, the Obligor shall assume a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

 

“Voting Stock”
of any specified Person as of any date means the capital stock of such Person
that is at the time entitled to vote generally in the election of the board of
directors of such Person.

 

ARTICLE II

 

TERMS OF THE NOTES

 

SECTION 2.01.
Title. The Senior Notes shall constitute a series of Notes having the
title “4.45% Senior Notes due 2012” that shall be in the form attached as Exhibit A.

 

SECTION 2.02.
Aggregate Principal Amount. The aggregate principal amount of the Senior
Notes that may be authenticated and delivered under this Second Supplemental
Indenture shall be unlimited; provided that the Obligor complies with
the provisions of this Second Supplemental Indenture.

 

SECTION 2.03.
Maturity. The entire outstanding principal amount of the Senior Notes
shall be payable on September 14, 2012.

 

3

 

SECTION 2.04.
Interest. The Senior Notes shall accrue interest at a rate of 4.45% per
year. Interest shall accrue on the Senior Notes from the most recent Interest
Payment Date to or for which interest has been paid or duly provided for (or if
no interest has been paid or duly provided for, from the Issue Date of the
Senior Notes), payable semiannually in arrears on March 14 and September 14
of each year, beginning on March 14, 2010. The Record Dates for payment of
interest shall be February 28 (or February 29, if applicable) and August 31
of each year, beginning March 14, 2010. Interest on overdue principal and
premium, if any, from time to time, shall be at a rate of 2% per annum in
excess of the rate then in effect; interest on overdue installments of
interest, if any, from time to time, shall be at the same rate, to the extent
lawful.

 

SECTION 2.05.
Place of Payment. The place where the principal of (and premium, if any)
and interest, if any, with respect to the Senior Notes shall be payable shall
be the Corporate Trust Office.

 

SECTION 2.06.
Optional Redemption. (a) The Obligor may redeem the Senior Notes at
its option at any time in whole or in part. If the Obligor elects to redeem the
Senior Notes, it shall pay a Redemption Price equal to the greater of the
following amounts, plus, in each case, accrued and unpaid interest thereon to,
but not including, the Redemption Date:

 

(i) 100% of the
aggregate principal amount of the Senior Notes to be redeemed on the Redemption
Date; or

 

(ii) the sum of the
present values of the Remaining Scheduled Payments. In determining the present
values of the Remaining Scheduled Payments, the Obligor shall discount such
payments to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at a discount rate equal to the Treasury
Rate plus 50 basis points.

 

Any redemption pursuant
to this Section 2.06(a) shall be made pursuant to the provisions of Section 2.06(b) through
(i) below.

 

(b) If
the Obligor elects to redeem the Senior Notes pursuant to the optional
redemption provisions of Section 2.06(a) above, it shall furnish to
the Trustee, at least 45 days (or such shorter period as shall be acceptable to
the Trustee, but in no event less than 30 days) but not more than 60 days
before the Redemption Date, an Officers’ Certificate setting forth (1) the
Redemption Date, and (2) the CUSIP and/or ISIN numbers of the Senior Notes.

 

(c) If fewer
than all the Senior Notes are to be redeemed, the particular Senior Notes to be
redeemed shall be selected not more than 60 days prior to the Redemption
Date by the Trustee from the Outstanding Senior Notes not previously called for
redemption, pro rata, by lot or by such other method as the Trustee shall deem
fair and appropriate, and may provide for the selection for redemption of
portions (equal to the minimum authorized denomination for the Senior Notes or
any integral multiple thereof) of the principal amount of Senior Notes of a
denomination larger than the minimum authorized denomination for the Senior
Notes.

 

(d) The
Trustee shall promptly notify the Obligor in writing of the Senior Notes
selected for redemption and, in the case of any Senior Notes selected for
partial redemption, the principal amount thereof to be redeemed.

 

(e) For all
purposes of this Second Supplemental Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Senior Notes shall
relate, in the case of any Senior Note redeemed or to be redeemed only in part,
to the portion of the principal of such Senior Note which has been or is to be
redeemed.

 

(f) Notice of
redemption of Senior Notes to be redeemed, either in whole or in part, shall be
given to the Holders thereof at the option of the Obligor, by first-class mail,
postage prepaid, mailed not fewer than 30 nor more than 60 days prior to
the Redemption Date, to each such Holder at such Holder’s last address
appearing in the Security Register. All notices of redemption shall state:

 

4

 

(i) the Redemption
Date;

 

(ii) the Redemption
Price, or if not then ascertainable, the manner of calculating the Redemption
Price;

 

(iii) if fewer than
all Outstanding Senior Notes are to be redeemed, the identification (and, in
the case of partial redemption, the respective principal amounts) of the Senior
Notes to be redeemed from the Holder to whom the notice is given and that on
and after the Redemption Date, upon surrender of such Senior Note, a new Senior
Note or Senior Notes in the aggregate principal amount equal to the unredeemed
portion thereof shall be issued in accordance with Section 2.06(i);

 

(iv) that on the
Redemption Date the Redemption Price shall become due and payable upon each
Senior Note called for redemption, and that interest, if any, thereon shall
cease to accrue from and after said date;

 

(v) the place where
Senior Notes called for redemption are to be surrendered for payment of the
Redemption Price, which shall be the office or agency maintained by the Obligor
pursuant to Section 9.02 of the Indenture;

 

(vi) the name and
address of the Paying Agent;

 

(vii) that the
Senior Notes called for redemption must be surrendered to the Paying Agent to
collect the Redemption Price; and

 

(viii) the CUSIP
and/or ISIN number, and that no representation is made as to the correctness or
accuracy of the CUSIP and/or ISIN number, if any, listed in such notice or
printed on the Senior Notes.

 

Notice of
redemption of Senior Notes shall be given by the Obligor or, at the Obligor’s
request, by the Trustee in the name and at the expense of the Obligor; provided,
however, that if the Obligor requests the Trustee to give such notice,
it shall provide an execution version of such notice to the Trustee at least
five Business Days before such notice is required to be sent.

 

(g) On or
prior to 10 a.m., New York City time, on any Redemption Date, the Obligor
shall deposit with the Trustee or with a Paying Agent (or, if the Obligor is
acting as its own Paying Agent, segregate and hold in trust as provided in Section 9.03
of the Indenture) an amount of money sufficient to pay the Redemption Price of,
and accrued interest on, all the Senior Notes which are to be redeemed on that
date.

 

(h) Notice of
redemption having been given as aforesaid, the Senior Notes (or portions
thereof) so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price plus accrued and unpaid interest to the
Redemption Date therein specified, and from and after such date (unless the
Obligor shall default in the payment of the Redemption Price) such Senior Notes
shall cease to bear interest. Upon surrender of such Senior Notes for
redemption in accordance with the notice, such Senior Notes shall be paid by
the Obligor at the Redemption Price. Any installment of interest due and
payable on or prior to the Redemption Date shall be payable to the Holders of
such Senior Notes registered as such on the relevant Record Date according to
the terms and the provisions of Section 2.06 of the Indenture. If any
Senior Note called for redemption shall not be so paid upon surrender thereof
for redemption, the principal shall, until paid, bear interest from the
Redemption Date at the rate prescribed therefor by the Senior Note.

 

(i) Any Senior
Note that is to be redeemed only in part shall be surrendered at the office or
agency maintained by the Obligor pursuant to Section 9.02 of the Indenture
(with, if the Obligor or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Obligor and the
Trustee duly executed by, the Holder thereof or the Holder’s attorney duly
authorized in writing) and the

 

5

 

Obligor shall execute and
the Trustee shall authenticate and deliver to the Holder of such Senior Note
without service charge and at the expense of the Obligor, a new Senior Note or
Senior Notes, of any authorized denomination as requested by such Holder in
aggregate principal amount equal to and in exchange for the unredeemed portion
of the principal of such Senior Note so surrendered.

 

SECTION 2.07.
Change of Control Repurchase. (a) If a Change of Control Repurchase
Event occurs, unless the Obligor has exercised its right to redeem the Senior
Notes as set forth in Section 2.06, the Obligor shall be required to make
an offer to each Holder of the Senior Notes to repurchase all or any part (in
excess of $2,000 and in integral multiples of $1,000) of that Holder’s Senior
Notes at a repurchase price in cash equal to 101% of the aggregate principal
amount of the Senior Notes repurchased plus any accrued and unpaid interest on
the Senior Notes repurchased to, but not including, the date of repurchase.

 

(b) Within 30
days following any Change of Control Repurchase Event or, at the option of the
Obligor, prior to any Change of Control, but after the public announcement of
the Change of Control, the Obligor shall mail a notice to each Holder, with a
copy to the Trustee, describing the transaction or transactions that constitute
or may constitute the Change of Control Repurchase Event and offering to
repurchase the Senior Notes on the payment date specified in the notice, which
date shall be no earlier than 30 days and no later than 60 days from the date
such notice is mailed. The notice shall, if mailed prior to the date of
consummation of the Change of Control, state that the offer to purchase is
conditioned on a Change of Control Repurchase Event occurring on or prior to
the payment date specified in the notice.

 

(c) The
Obligor shall comply with the requirements of Rule 14e-1 under the
Exchange Act, and any other securities laws and regulations to the extent those
laws and regulations are applicable in connection with the repurchase of the
Senior Notes 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 2.07,
the Obligor shall comply with the applicable securities laws and regulations
and shall not be deemed to have breached its obligations under this Section 2.07
by virtue of compliance with such securities laws or regulations.

 

(d) On the
repurchase date following a Change of Control Repurchase Event, the Obligor
shall, to the extent lawful:

 

(i) accept for
payment all the Senior Notes or portions of the Senior Notes properly tendered
pursuant to its offer;

 

(ii) deposit with
the Paying Agent an amount equal to the aggregate purchase price in respect of
all the Senior Notes or portions of the Senior Notes properly tendered; and

 

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

 

(e) The
Paying Agent shall promptly mail to each Holder of Senior Notes properly
tendered the purchase price for the Senior Notes, and the Trustee shall
promptly authenticate and mail (or cause to be transferred by book-entry) to
each Holder a new Senior Note equal in principal amount to any unpurchased
portion of any Senior Notes surrendered.

 

(f) The
Obligor shall not be required to make an offer to repurchase the Senior 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 Obligor and such third party purchases all Senior
Notes properly tendered and not withdrawn under its offer.

 

(g) Should
the Obligor choose to exercise its rights under Section 3.02 of the
Indenture, it shall no longer be obligated to make an offer to repurchase the
Senior Notes following a Change of Control Repurchase Event.

 

6

 

SECTION 2.08.
Issue Date. The Issue Date of the Senior Notes is September 14,
2009.

 

SECTION 2.09.
Issue Price. The issue price of the Senior Notes is 99.911% of the
aggregate principal amount of the Senior Notes.

 

SECTION 2.10.
Definitive and Global Notes. The Senior Notes are issuable in whole or
in part in the form of Definitive Notes or as one or more Global Notes and the
Depositary for such Global Notes shall be DTC.

 

SECTION 2.11.
Denomination. The Senior Notes shall be issued in registered form in
denominations of $2,000 and integral multiples of $1,000 in excess thereof.

 

SECTION 2.12.
Further Issuances. The Obligor may issue an unlimited principal amount
of additional Senior Notes; provided that, any such additional Senior
Notes shall have identical terms as the outstanding Senior Notes, other than
with respect to the date of issuance, issue price, first Interest Payment Date,
interest accrual date and amount of interest payable on the first Interest
Payment Date applicable thereto; provided, further, that any such
additional Senior Notes shall be treated as a single class with the outstanding
Senior Notes for all purposes under this Second Supplemental Indenture and the
Indenture.

 

SECTION 2.13.
Defeasance and Discharge of Covenants upon Deposit of Moneys, U.S.
Government Obligations. (a) Sub-clause (b) of the first paragraph
of Section 3.02 of the Indenture is hereby supplemented to add after “9.07”
thereof:

 

“and Section 2.07 of the Second Supplemental
Indenture, dated September 14, 2009, between the Obligor and the Trustee”

 

(b) The last
sentence of the third to last paragraph of Section 3.02 of the Indenture
is hereby supplemented to add to the end thereof: “and the Obligor shall no
longer be obligated to make an offer to repurchase Senior Notes under Section 2.07
of the Second Supplemental Indenture upon the occurrence of a Change of Control
(as defined in the Second Supplemental Indenture, dated September 14,
2009, between the Obligor and the Trustee).”

 

SECTION 2.14.
Events of Default. In addition to the Events of Default set forth in Section 4.01
of the Indenture, the Senior Notes shall include the following additional Event
of Default designated as clause (8) of such Section, which shall be deemed
an Event of Default under Section 4.01 of the Indenture:

 

“(8) a
failure by the Obligor to repurchase Senior Notes tendered for repurchase
following the occurrence of a Change of Control Repurchase Event in conformity
with Section 2.07 of the Second Supplemental Indenture, dated September 14,
2009, between the Obligor and the Trustee.”

 

SECTION 2.15.
Limitation on Liens. In addition to the exceptions to the limitations on
liens restrictions set forth in Section 9.06 of the Indenture, the Senior
Notes shall include the following additional exception designated as clause (10) of
such Section:

 

“(10) liens
existing on the date of the Second Supplemental Indenture, dated September 14,
2009, between the Obligor and the Trustee.”

 

SECTION 2.16.  Effect of Supplemental Indentures.  The Senior Notes shall not be subject to any
of the terms and conditions set forth in the First Supplemental Indenture.  The terms of the First Supplemental
Indenture, and the resulting amendments and supplements to the Indenture, shall
be disregarded in their entirety in determining the rights of Holders of the
Senior Notes and the obligations of the Obligor to such Holders and shall only
have effect with respect to the 6.50% Senior Notes due 2017.  This Second Supplemental Indenture shall be
read to amend and supplement the Indenture only with respect to the Senior
Notes and shall not be read to otherwise have any effect on the terms of the
Indenture, the 6.50% Senior Notes due 2017 or any other series of notes issued
pursuant to the Indenture.

 

7

 

[SIGNATURE PAGE FOLLOWS]

 

8

 

	
   

  	
  AGILENT TECHNOLOGIES
  INC.,

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION,

  as Trustee

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

[Signature
Page to Second Supplemental Indenture]

 

 

EXHIBIT A

 

Form of Senior Note

 

THIS
IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN.

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE
OBLIGOR 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 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 NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE
REVERSE HEREOF.

 

 

	
  No. 001

  	
  $250,000,000

  

 

4.45% Senior Note due 2012

 

CUSIP No. 00846U AD3

ISIN No. US00846UAD37

 

AGILENT
TECHNOLOGIES, INC., a Delaware corporation, promises to pay to Cede &
Co., or registered assigns, the principal sum listed on the Schedule of
Increases or Decreases in Global Note attached hereto on September 14,
2012.

 

Interest
Payment Dates: March 14 and September 14.

 

Record
Dates: February 28 (or February 29, if applicable) and August 31.

 

Additional
provisions of this 2012 Senior Note are set forth on the other side of this
2012 Senior Note.

 

IN
WITNESS WHEREOF, the parties have caused this instrument to be duly executed.

 

 

	
   

  	
   

  	
  AGILENT TECHNOLOGIES,
  INC.,

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Hilliard C.
  Terry, III

  
	
   

  	
   

  	
  Title:

  	
  Vice President,
  Treasurer

  

 

Dated:  September 14,
2009

 

 

	
  TRUSTEE’S CERTIFICATE
  OF AUTHENTICATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  U.S. BANK NATIONAL
  ASSOCIATION,

  	
   

  	
   

  
	
   

  	
  as Trustee, certifies
  that this is one of

  the Senior Notes
  referred

  to in the Second
  Supplemental Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  by

  	
   

  	
   

  	
   

  
	
   

  	
  Authorized
  Signatory

  	
   

  	
   

  
					

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

 

The
initial principal amount of this Global Note is $250,000,000. The following
increases or decreases in this Global Note have been made:

 

	
  Date of

  Exchange

  	
   

  	
  Amount of decrease in

  Principal Amount of

  this Global Note

  	
   

  	
  Amount of increase in

  Principal Amount of

  this Global Note

  	
   

  	
  Principal amount of this

  Global Note following such

  decrease or increase

  	
   

  	
  Signature of authorized

  signatory of Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

4.45% Senior Notes due 2012

 

1. Interest

 

AGILENT
TECHNOLOGIES, INC., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being
herein called the “Obligor”), promises to pay interest on the principal amount
of this 2012 Senior Note at the rate per annum shown above. The Obligor shall
pay interest semiannually on March 14 and September 14 of each year.
Interest on this 2012 Senior Note shall accrue from the most recent date to
which interest has been paid or duly provided for or, if no interest has been
paid or duly provided for, from September 14, 2009 until the principal
hereof is due. Interest shall be computed on the basis of a 360-day year of
twelve 30-day months. The Obligor shall pay interest on overdue principal at
the rate borne by this 2012 Senior Note plus 2% per annum, and it shall
pay interest on overdue installments of interest at the same rate to the extent
lawful.

 

2. Method of Payment

 

The Obligor shall
pay interest on this 2012 Senior Note (except defaulted interest) to the
Persons who are registered Holders at the close of business on the Record Date.
Holders must surrender this 2012 Senior Note to a Paying Agent to collect
principal payments. Payments in respect of this 2012 Senior Note represented by
a Global Note (including principal, premium, if any, and interest) shall be
made in immediately available funds to DTC or its nominees, as the case may be,
as the Holder of such Global Note. The Obligor will make all payments in
respect of any certificated 2012 Senior Note (including principal, premium, if
any, and interest) at the office of the Paying Agent, except that, at the
option of the Obligor, payment of interest may be made by mailing a check to
the registered address of each Holder thereof or, upon request of a Holder of
at least $1,000,000 aggregate principal amount of 2012 Senior Notes, by wire
transfer to an account located in the United States by the payee.

 

3. Paying Agent and
Registrar

 

Initially, U.S.
Bank National Association, a United States banking association (the “Trustee”),
will act as Paying Agent and Registrar. The Obligor may act as Paying Agent.

 

4. Indenture

 

The Obligor issued
this 2012 Senior Note under an Indenture dated as of October 24, 2007 (the
“Base Indenture”), between the Obligor and the Trustee, as supplemented by the
Second Supplemental Indenture, dated as of September 14, 2009 (the “Second
Supplemental Indenture and, together with the Base Indenture, the “Indenture”),
between the Obligor and the Trustee. The terms of this 2012 Senior Note include
those stated in the Indenture, and those made part of the Indenture by
reference to the Trust Indenture Act of 1939 (15 U.S.C.
§§ 77aaa 77bbbb) as in effect on the date of the Indenture (the “TIA”).
Terms defined in the Indenture and not defined herein have the meanings
ascribed thereto in the Indenture. This 2012 Senior Note is subject to all
terms and provisions of the Indenture, and Holders (as defined in the
Indenture) are referred to the Indenture and the TIA for a statement of such
terms and provisions. In the event of a conflict between any provision of this
2012 Senior Note and the Indenture, the Indenture shall govern such provision.

 

This 2012 Senior
Note is a senior unsecured obligation of the Obligor of which an unlimited
aggregate principal amount may be at any one time Outstanding. The Indenture
imposes certain limitations on the ability of the Obligor and its Subsidiaries
to, among other things, create or incur Liens and enter into certain
Sale-Leaseback Transactions. The Indenture also imposes limitations on the
ability of the Obligor to consolidate or merge with or into any other Person or
convey, transfer or lease all or substantially all its property.

 

 

5. Optional Redemption

 

The Obligor may
redeem this 2012 Senior Note at its option at any time in whole or in part. If
the Obligor elects to redeem this 2012 Senior Note, it will pay a Redemption
Price equal to the greater of the following amounts, plus, in each case,
accrued and unpaid interest thereon to, but not including, the Redemption Date:

 

·                  100% of the aggregate principal amount of this 2012
Senior Note; or

 

·                  the sum of the present values of the Remaining
Scheduled Payments. In determining the present values of the Remaining
Scheduled Payments the Obligor shall discount such payments to the Redemption
Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a discount rate equal to the Treasury Rate plus 50 basis
points.

 

6. Sinking Fund

 

This 2012 Senior
Note is not subject to any sinking fund.

 

7. Notice of
Redemption

 

If the Obligor
elects to redeem this 2012 Senior Note, it shall furnish the Trustee, at least
45 days (or such shorter period as shall be acceptable to the Trustee, but in
no event less than 30 days) but not more than 60 days before the Redemption
Date, an Officer’s Certificate setting forth (1) the Redemption Date and (2) the
CUSIP and/or ISIN numbers of this 2012 Senior Note.

 

Notice of
redemption of this 2012 Senior Note, either in whole or in part, shall be given
to the Holder thereof at the option of the Obligor by first-class mail, postage
prepaid, mailed not fewer than 30 nor more than 60 days prior to the
Redemption Date to such Holder at such Holder’s last address appearing in the
Security Register for the 2012 Senior Notes.

 

8. Repurchase of this
2012 Senior Note at the Option of Holders upon Change of Control Repurchase
Event

 

If a Change of
Control Repurchase Event occurs, unless the Obligor has exercised its right to
redeem this 2012 Senior Note as described in the Indenture, the Obligor shall
be required to make an offer to the Holder of this 2012 Senior Note to
repurchase all or any part (in excess of $2,000 and in integral multiples of
$1,000) of this 2012 Senior Note at a repurchase price in cash equal to 101% of
the aggregate principal amount of such percentage of this 2012 Senior Note plus
any accrued and unpaid interest on the portion of this 2012 Senior Note so
repurchased to, but not including, the date of repurchase, as provided in, and
subject to the terms of, the Indenture.

 

9. Denominations;
Transfer; Exchange

 

2012 Senior Notes
may be issued in registered form in denominations of $2,000 and integral
multiples of $1,000 in excess thereof. A Holder may transfer or exchange this
2012 Senior Note in accordance with the Indenture. Upon any transfer or
exchange, the Obligor and the Trustee may require a Holder, among other things,
to furnish appropriate endorsements or transfer documents and to pay any taxes
required by law or permitted by the Indenture. The Obligor need not register
the transfer of or exchange this 2012 Senior Note if selected for redemption
(except, in the event it will be redeemed in part, the portion not to be
redeemed), or to transfer or exchange this 2012 Senior Note for a period of 15
days prior to a selection of 2012 Senior Notes to be redeemed.

 

 

10. Persons Deemed
Owners

 

With certain
exceptions, the registered Holder of this 2012 Senior Note may be treated as
the owner of it for all purposes.

 

11. Unclaimed Money

 

If money for the
payment of principal or interest, if any, remains unclaimed for two years, the
Trustee shall pay the money back to the Obligor at its request. After any such
payment, Holders entitled to the money must look to the Obligor for payment as
unsecured general creditors and the Trustee and the Paying Agent shall have no
further liability with respect to such monies.

 

12. Discharge and Defeasance

 

Subject to certain
conditions, the Obligor at any time may terminate some of or all its
obligations under this 2012 Senior Note and the Indenture if the Obligor
deposits with the Trustee U.S. dollars or non-callable U.S. Government
Obligations for the payment of principal of, premium, if any, and interest on,
this 2012 Senior Note to redemption or maturity, as the case may be.

 

13. Amendment, Waiver

 

Subject to certain
exceptions set forth in the Indenture, (i) the Indenture may be amended
under certain circumstances with the written consent of the Holders of at least
a majority in aggregate principal amount of the Outstanding 2012 Senior Notes
and (ii) certain defaults may be waived with the written consent of the Holders
of at least a majority in principal amount of the Outstanding 2012 Senior
Notes. Subject to certain exceptions set forth in the Indenture, without the
consent of the Holders of any 2012 Senior Notes, the Obligor and the Trustee
may amend the Indenture: (i) to evidence the succession of another Person
to the Obligor and the assumption by any such successor of the covenants of the
Obligor under the Indenture and the 2012 Senior Notes; (ii) to add to the
covenants of the Obligor for the benefit of Holders of the 2012 Senior Notes or
to surrender any right or power conferred upon the Obligor; (iii) to add
any additional events of default for the benefit of Holders of the 2012 Senior
Notes; (iv) to add to or change any of the provisions of the Indenture as
necessary to permit or facilitate the issuance of 2012 Senior Notes in bearer
form, registrable or not registrable as to principal, and with or without
interest coupons, or to permit or facilitate the issuance of 2012 Senior Notes
in uncertificated form; (v) to secure the 2012 Senior Notes; (vi) to
add or appoint a successor or separate Trustee; (vii) to cure any
ambiguity, defect or inconsistency; (viii) to supplement any of the
provisions of the Indenture as necessary to permit or facilitate the defeasance
and discharge of 2012 Senior Notes, provided that the interests of the holders
of the 2012 Senior Notes are not adversely affected in any material respect; (ix) to
make any other change that would not adversely affect the Holders of the 2012
Senior Notes in any material respect; (x) to make any change necessary to
comply with any requirement of the Commission in connection with the
qualification of the Indenture or any supplemental Indenture under the TIA; and
(xi) to conform the Indenture to the section entitled “Description of
Notes” in the prospectus supplement dated September 9, 2009 relating to
the 2012 Senior Notes.

 

14. Defaults and
Remedies

 

If any Event of
Default (other than an Event of Default relating to certain events of
bankruptcy, insolvency or reorganization of the Company) with respect to this
2012 Senior Note occurs and is continuing, then either the Trustee or the
Holders of not less than 25% in aggregate principal amount of the Outstanding
2012 Senior Notes may declare the principal of all Outstanding 2012 Senior Notes,
and the interest to the date of acceleration, if any, accrued thereon, to be
immediately due and payable by notice in writing to the Obligor (and to the
Trustee if given by Holders) specifying the Event of Default. If an Event of
Default relating to a merger or certain events of bankruptcy, insolvency or
reorganization of the Company occurs, then the principal amount of all the 2012
Senior Notes then Outstanding and interest accrued thereon, if any, will become
and be immediately due and payable without any declaration or other act on the
part of the Trustee or the Holders of the 2012 Senior Notes, to the full extent
permitted by applicable law.

 

 

Under certain
circumstances, the Holders of a majority in principal amount of the Outstanding
2012 Senior Notes may rescind any such acceleration with respect to the 2012
Senior Notes and its consequences.

 

No Holder of this
2012 Senior Note may institute any action, unless and until: (i) such
Holder has given the Trustee written notice of a continuing Event of Default
with respect to the 2012 Senior Notes; (ii) the Holders of at least 25% in
aggregate principal amount of the Outstanding 2012 Senior Notes have made a
written request to the Trustee to institute proceedings in respect of such
Event of Default in its own name as Trustee hereunder; (iii) such Holder
or Holders has or have offered the Trustee such reasonable indemnity against
the costs, expenses and liabilities to be incurred in compliance with such
request; (iv) the Trustee has failed to institute any such proceeding for
60 days after its receipt of such notice, request and offer of indemnity;
and (v) no inconsistent direction has been given to the Trustee during
such 60-day period by the Holders of a majority in aggregate principal amount
of the Outstanding 2012 Senior Notes. 
These limitations do not apply to a suit instituted by a Holder of any
2012 Senior Notes for enforcement of payment of the principal of, and premium,
if any, or interest on, such 2012 Senior Notes on or after the respective due dates
expressed in such 2012 Senior Notes.

 

15. Trustee Dealings
with the Obligor

 

Subject to certain
limitations imposed by the TIA, the Trustee under the Indenture, in its
individual or any other capacity, may become the owner or pledgee of this 2012
Senior Note and may otherwise deal with the Obligor with the same rights it
would have if it were not Trustee.

 

16. Authentication

 

This 2012 Senior
Note shall not be valid until an authorized signatory of the Trustee (or an
authenticating agent) manually signs the certificate of authentication on the
other side of this 2012 Senior Note.

 

17. Governing Law

 

THIS
2012 SENIOR NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK.

 

18. CUSIP and ISIN
Numbers

 

The Obligor has caused
CUSIP and ISIN numbers to be printed on this 2012 Senior Note and has directed
the Trustee to use CUSIP and ISIN numbers in notices of redemption as a
convenience to Holders. No representation is made as to the accuracy of such
numbers either as printed on this 2012 Senior Note or as contained in any
notice of redemption and reliance may be placed only on the other
identification numbers placed thereon.

 

The
Obligor will furnish to any Holder of this 2012 Senior Note upon written
request and without charge to the Holder a copy of the Indenture which has in
it the text of this 2012 Senior Note.Exhibit 4.02

 

AGILENT TECHNOLOGIES, INC.

(as Obligor)

 

and

 

U.S. BANK NATIONAL ASSOCIATION

(as Trustee)

 

 

Third Supplemental Indenture

 

 

Dated as of September 14, 2009

 

 

5.50% Senior Notes due 2015

 

 

TABLE OF CONTENTS

 

	
   

  	
   

  	
  Page

  
	
  ARTICLE I

  
	
   

  
	
  DEFINITIONS

  
	
   

  	
   

  	
   

  
	
  Section 1.01.

  	
  Definitions

  	
  1

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  
	
   

  
	
  TERMS OF THE
  NOTES

  
	
   

  	
   

  	
   

  
	
  Section 2.01.

  	
  Title

  	
  3

  
	
  Section 2.02.

  	
  Aggregate Principal
  Amount

  	
  3

  
	
  Section 2.03.

  	
  Maturity

  	
  4

  
	
  Section 2.04.

  	
  Interest

  	
  4

  
	
  Section 2.05.

  	
  Place of Payment

  	
  4

  
	
  Section 2.06.

  	
  Optional Redemption

  	
  4

  
	
  Section 2.07.

  	
  Change of Control
  Repurchase

  	
  6

  
	
  Section 2.08.

  	
  Issue Date

  	
  7

  
	
  Section 2.09.

  	
  Issue Price

  	
  7

  
	
  Section 2.10.

  	
  Definitive and Global
  Notes

  	
  7

  
	
  Section 2.11.

  	
  Denomination

  	
  7

  
	
  Section 2.12.

  	
  Further Issuances

  	
  7

  
	
  Section 2.13.

  	
  Defeasance and Discharge
  of Covenants upon Deposit of Moneys, U.S. Government Obligations

  	
  7

  
	
  Section 2.14.

  	
  Events of Default

  	
  7

  
	
  Section 2.15.

  	
  Limitation on Liens

  	
  7

  
	
  Section 2.16.

  	
  Effect of Supplemental
  Indentures

  	
  7

  
	
   

  	
   

  	
   

  
	
  Exhibit A

  	
  Form of Senior Note

  	
   

  

 

ii

 

THIS THIRD
SUPPLEMENTAL INDENTURE, between Agilent Technologies, Inc., a Delaware
corporation (the “Obligor”), having its principal office at 5301  Stevens
Creek Blvd., Santa Clara, California 95051, and U.S. Bank National Association,
as trustee (the “Trustee”), is made and entered into as of this 14th day of
September, 2009.

 

RECITALS OF THE OBLIGOR

 

WHEREAS, the
Obligor and the Trustee executed and delivered an Indenture dated as of October
24, 2007 (the “Indenture”), to provide for the issuance by the Obligor from
time to time of debt securities;

 

WHEREAS,
capitalized terms used herein, not otherwise defined, shall have the same
meanings given them in the Indenture;

 

WHEREAS, pursuant
to a board resolution, the Obligor has authorized the issuance of $500 million
of its 5.50% Senior Notes due 2015 (the “Senior Notes”); and

 

WHEREAS, the
Obligor desires to establish the terms of the Senior Notes in accordance with Section
2.01 of the Indenture;

 

NOW, THEREFORE, it
is mutually agreed as follows:

 

ARTICLE I

 

DEFINITIONS

 

SECTION 1.01. Definitions.
For all purposes of this Third Supplemental Indenture, except as otherwise
expressly provided or unless the context otherwise requires:

 

“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 properties or assets of the Obligor and its
Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)
and Section 14(d) of the Exchange Act) other than the Obligor or one of its
Subsidiaries; (2) the adoption of a plan relating to the Obligor’s liquidation
or dissolution; (3) the consummation of any transaction (including, without
limitation, any merger or consolidation) the result of which is that any “person”
(as that term is used in Section 13(d)(3) of the Exchange Act) or group of
persons, other than the Obligor or its Subsidiaries, becomes the beneficial
owner (as defined in Rules 13d-3 and 13d-5 of the Exchange Act), directly or
indirectly, of more than 50% of the combined voting power of the Obligor’s
Voting Stock or other Voting Stock into which the Obligor’s Voting Stock is
reclassified, consolidated, exchanged or changed, measured by voting power
rather than number of shares; or (4) the first day on which a majority of the
members of the Board of Directors are not Continuing Directors.

 

“Change of
Control Repurchase Event” means the occurrence of both a Change of Control
and a Ratings Event.

 

“Comparable
Treasury Issue” means the United States Treasury security selected by an
Independent Investment Banker as having an actual or interpolated maturity
comparable to the remaining term of the Senior Notes to be redeemed 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 Senior Notes.

 

“Comparable
Treasury Price” means, with respect to any Redemption Date, (1) the
arithmetic average of four Reference Treasury Dealer Quotations for such
Redemption Date after excluding the highest and lowest Reference Treasury
Dealer Quotations, or (2) if the Trustee obtains fewer than four Reference
Treasury Dealer Quotations, the arithmetic average of all Reference Treasury
Dealer Quotations for such Redemption Date.

 

1

 

“Continuing Directors”
means, as of any date of determination, any member of the Board of Directors
who (1) was a member of the Board of Directors on the date of the issuance of
the Senior Notes; or (2) was nominated for election or elected to the Board of
Directors with the approval of a majority of the Continuing Directors who were
members of the Board of Directors at the time of such nomination or election.

 

“First
Supplemental Indenture” means the First Supplemental Indenture dated as of October
29, 2007 to the Indenture between the Obligor and the Trustee, as amended or
supplemented from time to time.

 

“Fitch” means Fitch Ratings Ltd. and its successors.

 

“Indenture”
has the meaning assigned in the recitals.

 

“Independent
Investment Banker” means Barclays Capital Inc., Citigroup Global Markets
Inc. or Credit Suisse Securities (USA) Inc., or their respective successors as
may be appointed from time to time by the Obligor; provided, however,
that if any of the foregoing ceases to be a primary U.S. Government securities
dealer in New York City (a “primary treasury dealer”), the Obligor shall
substitute another primary treasury dealer.

 

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

 

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

 

“Rating Agency”
means each of Fitch, Moody’s and S&P, so long as such entity makes a rating
of the notes publicly available; provided, however, 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 control of Agilent, Agilent shall
be allowed to designate a “nationally recognized statistical rating
organization” within the meaning of Rule 15c3-l(e)(2)(vi)(F) under the Exchange
Act (as certified by a resolution of the board of directors of Agilent) as a
replacement agency for the agency that ceased to make such a rating publicly
available.  For the avoidance of doubt,
failure by Agilent to pay rating agency fees to make a rating of the notes
shall not be a “reason outside of the control of Agilent” for the purposes of
the preceding sentence.

 

“Rating
Category” means (i) with respect to S&P, any of the following
categories: BBB, BB, B, CCC, CC, C and D (or equivalent successor categories); (ii)
with respect to Moody’s, any of the following categories: Baa, Ba, B, Caa, Ca,
C and D (or equivalent successor categories); (iii) with respect to Fitch, any
of the following categories: BBB, BB, B, CCC, CC, C and D (or equivalent
successor categories); and (iv) the equivalent of any such category of S&P,
Moody’s or Fitch used by another Rating Agency. In determining whether the
rating of the Senior Notes has decreased by one or more gradations, gradations
within Rating Categories (+ and - for S&P or Fitch; 1, 2 and 3 for Moody’s;
or the equivalent gradations for another Rating Agency) shall be taken into
account (e.g., with respect to S&P or Fitch, a decline in a rating from BB+
to BB, as well as from BB- to B+, shall constitute a decrease of one
gradation).

 

“Ratings Event”
means a decrease in the ratings of the Senior Notes by one or more of the
Rating Agencies such that the Senior Notes are rated below Investment Grade by
all of the Rating Agencies on any date from the date of the public notice of an
arrangement that could result in a Change of Control until the end of the
60-day period following public notice of the occurrence of a Change of Control
(which period shall be extended so long as the rating of the Senior Notes is
under publicly announced consideration for possible downgrade by any of the
Rating Agencies).

 

2

 

Notwithstanding
the foregoing, a Ratings Event otherwise arising by virtue of a particular
reduction in rating shall not be deemed to have occurred in respect of a
particular Change of Control (and thus shall not be deemed a Ratings Event for
purposes of the definition of Change of Control Repurchase Event hereunder) if
the Rating Agencies making the reduction in rating to which this definition
would otherwise apply do not announce or publicly confirm or inform the Trustee
in writing at its request that the reduction was the result, in whole or in
part, of any event or circumstance comprised of or arising as a result of, or
in respect of, the applicable Change of Control (whether or not the applicable
Change of Control shall have occurred at the time of the Ratings Event).

 

“Reference Treasury
Dealer” means Barclays Capital Inc., Citigroup Global Markets Inc. or
Credit Suisse Securities (USA) LLC, and one other primary treasury dealer
selected by Agilent, and each of their respective successors and any other
primary treasury dealers selected by Agilent.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and any Redemption Date, the arithmetic average, as determined by the
Trustee, 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
Trustee by such Reference Treasury Dealer as of 5:00 p.m., New York City time,
on the third Business Day preceding such Redemption Date.

 

“Remaining
Scheduled Payments” means, with respect to any Senior Note to be redeemed,
the remaining scheduled payments of the principal thereof and interest thereon
that would be due after the related Redemption Date but for such redemption; provided,
however, that, if such Redemption Date is not an Interest Payment Date
with respect to such Senior Note, the amount of the next scheduled interest
payment thereon shall be reduced by the amount of interest accrued thereon to
such Redemption Date.

 

“Second
Supplemental Indenture” means the Second Supplemental Indenture dated September
14, 2009 to the Indenture, as amended or supplemented from time to time.

 

“Senior Notes”
has the meaning assigned in the Recitals.

 

“S&P”
means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies,
Inc., and its successors.

 

“Third
Supplemental Indenture” means this Third Supplemental Indenture to the
Indenture, as amended or supplemented from time to time.

 

“Treasury Rate”
means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to Maturity (computed as of the third Business Day
immediately preceding that Redemption Date) of the Comparable Treasury Issue.
In determining this rate, the Obligor shall assume a price for the Comparable
Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date.

 

“Voting Stock”
of any specified Person as of any date means the capital stock of such Person
that is at the time entitled to vote generally in the election of the board of
directors of such Person.

 

ARTICLE II

 

TERMS OF THE NOTES

 

SECTION 2.01. Title.
The Senior Notes shall constitute a series of Notes having the title “5.50%
Senior Notes due 2015” that shall be in the form attached as Exhibit A.

 

SECTION 2.02. Aggregate
Principal Amount. The aggregate principal amount of the Senior Notes that
may be authenticated and delivered under this Third Supplemental Indenture
shall be unlimited; provided that the Obligor complies with the
provisions of this Third Supplemental Indenture.

 

3

 

SECTION 2.03. Maturity.
The entire outstanding principal amount of the Senior Notes shall be payable on
September 14, 2015.

 

SECTION 2.04. Interest.
The Senior Notes shall accrue interest at a rate of 5.50% per year. Interest
shall accrue on the Senior Notes from the most recent Interest Payment Date to
or for which interest has been paid or duly provided for (or if no interest has
been paid or duly provided for, from the Issue Date of the Senior Notes),
payable semiannually in arrears on March 14 and September 14 of each year,
beginning on March 14, 2010. The Record Dates for payment of interest shall be February
28 (or February 29, if applicable) and August 31 of each year, beginning March 14,
2010. Interest on overdue principal and premium, if any, from time to time,
shall be at a rate of 2% per annum in excess of the rate then in effect;
interest on overdue installments of interest, if any, from time to time, shall be
at the same rate, to the extent lawful.

 

SECTION 2.05. Place
of Payment. The place where the principal of (and premium, if any) and
interest, if any, with respect to the Senior Notes shall be payable shall be
the Corporate Trust Office.

 

SECTION 2.06. Optional
Redemption. (a) The Obligor may redeem the Senior Notes at its option at
any time in whole or in part. If the Obligor elects to redeem the Senior Notes,
it shall pay a Redemption Price equal to the greater of the following amounts,
plus, in each case, accrued and unpaid interest thereon to, but not including,
the Redemption Date:

 

(i) 100% of the aggregate
principal amount of the Senior Notes to be redeemed on the Redemption Date; or

 

(ii) the sum of the
present values of the Remaining Scheduled Payments. In determining the present
values of the Remaining Scheduled Payments, the Obligor shall discount such
payments to the Redemption Date on a semi-annual basis (assuming a 360-day year
consisting of twelve 30-day months) at a discount rate equal to the Treasury
Rate plus 50 basis points.

 

Any redemption pursuant
to this Section 2.06(a) shall be made pursuant to the provisions of Section 2.06(b)
through (i) below.

 

(b) If the Obligor
elects to redeem the Senior Notes pursuant to the optional redemption provisions
of Section 2.06(a) above, it shall furnish to the Trustee, at least 45 days (or
such shorter period as shall be acceptable to the Trustee, but in no event less
than 30 days) but not more than 60 days before the Redemption Date, an Officers’
Certificate setting forth (1) the Redemption Date, and (2) the CUSIP and/or
ISIN numbers of the Senior Notes.

 

(c) If fewer than
all the Senior Notes are to be redeemed, the particular Senior Notes to be
redeemed shall be selected not more than 60 days prior to the Redemption Date
by the Trustee from the Outstanding Senior Notes not previously called for
redemption, pro rata, by lot or by such other method as the Trustee shall deem
fair and appropriate, and may provide for the selection for redemption of portions
(equal to the minimum authorized denomination for the Senior Notes or any
integral multiple thereof) of the principal amount of Senior Notes of a
denomination larger than the minimum authorized denomination for the Senior
Notes.

 

(d) The Trustee
shall promptly notify the Obligor in writing of the Senior Notes selected for
redemption and, in the case of any Senior Notes selected for partial
redemption, the principal amount thereof to be redeemed.

 

(e) For all
purposes of this Third Supplemental Indenture, unless the context otherwise
requires, all provisions relating to the redemption of Senior Notes shall
relate, in the case of any Senior Note redeemed or to be redeemed only in part,
to the portion of the principal of such Senior Note which has been or is to be
redeemed.

 

4

 

(f) Notice of
redemption of Senior Notes to be redeemed, either in whole or in part, shall be
given to the Holders thereof at the option of the Obligor, by first-class mail,
postage prepaid, mailed not fewer than 30 nor more than 60 days prior to the
Redemption Date, to each such Holder at such Holder’s last address appearing in
the Security Register. All notices of redemption shall state:

 

(i) the Redemption Date;

 

(ii) the Redemption Price,
or if not then ascertainable, the manner of calculating the Redemption Price;

 

(iii) if fewer than all
Outstanding Senior Notes are to be redeemed, the identification (and, in the
case of partial redemption, the respective principal amounts) of the Senior
Notes to be redeemed from the Holder to whom the notice is given and that on
and after the Redemption Date, upon surrender of such Senior Note, a new Senior
Note or Senior Notes in the aggregate principal amount equal to the unredeemed
portion thereof shall be issued in accordance with Section 2.06(i);

 

(iv) that on the
Redemption Date the Redemption Price shall become due and payable upon each
Senior Note called for redemption, and that interest, if any, thereon shall
cease to accrue from and after said date;

 

(v) the place where
Senior Notes called for redemption are to be surrendered for payment of the
Redemption Price, which shall be the office or agency maintained by the Obligor
pursuant to Section 9.02 of the Indenture;

 

(vi) the name and address
of the Paying Agent;

 

(vii) that the Senior
Notes called for redemption must be surrendered to the Paying Agent to collect
the Redemption Price; and

 

(viii) the CUSIP and/or
ISIN number, and that no representation is made as to the correctness or
accuracy of the CUSIP and/or ISIN number, if any, listed in such notice or
printed on the Senior Notes.

 

Notice of
redemption of Senior Notes shall be given by the Obligor or, at the Obligor’s
request, by the Trustee in the name and at the expense of the Obligor; provided,
however, that if the Obligor requests the Trustee to give such notice,
it shall provide an execution version of such notice to the Trustee at least
five Business Days before such notice is required to be sent.

 

(g) On or prior to
10 a.m., New York City time, on any Redemption Date, the Obligor shall deposit
with the Trustee or with a Paying Agent (or, if the Obligor is acting as its
own Paying Agent, segregate and hold in trust as provided in Section 9.03 of
the Indenture) an amount of money sufficient to pay the Redemption Price of,
and accrued interest on, all the Senior Notes which are to be redeemed on that
date.

 

(h) Notice of
redemption having been given as aforesaid, the Senior Notes (or portions
thereof) so to be redeemed shall, on the Redemption Date, become due and
payable at the Redemption Price plus accrued and unpaid interest to the
Redemption Date therein specified, and from and after such date (unless the
Obligor shall default in the payment of the Redemption Price) such Senior Notes
shall cease to bear interest. Upon surrender of such Senior Notes for
redemption in accordance with the notice, such Senior Notes shall be paid by
the Obligor at the Redemption Price. Any installment of interest due and
payable on or prior to the Redemption Date shall be payable to the Holders of
such Senior Notes registered as such on the relevant Record Date according to
the terms and the provisions of Section 2.06 of the Indenture. If any Senior
Note called for redemption shall not be so paid upon surrender thereof for
redemption, the principal shall, until paid, bear interest from the Redemption
Date at the rate prescribed therefor by the Senior Note.

 

5

 

(i) Any Senior
Note that is to be redeemed only in part shall be surrendered at the office or
agency maintained by the Obligor pursuant to Section 9.02 of the Indenture
(with, if the Obligor or the Trustee so requires, due endorsement by, or a
written instrument of transfer in form satisfactory to the Obligor and the
Trustee duly executed by, the Holder thereof or the Holder’s attorney duly
authorized in writing) and the Obligor shall execute and the Trustee shall
authenticate and deliver to the Holder of such Senior Note without service
charge and at the expense of the Obligor, a new Senior Note or Senior Notes, of
any authorized denomination as requested by such Holder in aggregate principal
amount equal to and in exchange for the unredeemed portion of the principal of
such Senior Note so surrendered.

 

SECTION 2.07. Change
of Control Repurchase. (a) If a Change of Control Repurchase Event occurs,
unless the Obligor has exercised its right to redeem the Senior Notes as set
forth in Section 2.06, the Obligor shall be required to make an offer to each
Holder of the Senior Notes to repurchase all or any part (in excess of $2,000
and in integral multiples of $1,000) of that Holder’s Senior Notes at a
repurchase price in cash equal to 101% of the aggregate principal amount of the
Senior Notes repurchased plus any accrued and unpaid interest on the Senior
Notes repurchased to, but not including, the date of repurchase.

 

(b) Within 30 days
following any Change of Control Repurchase Event or, at the option of the
Obligor, prior to any Change of Control, but after the public announcement of
the Change of Control, the Obligor shall mail a notice to each Holder, with a
copy to the Trustee, describing the transaction or transactions that constitute
or may constitute the Change of Control Repurchase Event and offering to repurchase
the Senior Notes on the payment date specified in the notice, which date shall
be no earlier than 30 days and no later than 60 days from the date such notice
is mailed. The notice shall, if mailed prior to the date of consummation of the
Change of Control, state that the offer to purchase is conditioned on a Change
of Control Repurchase Event occurring on or prior to the payment date specified
in the notice.

 

(c) The Obligor
shall comply with the requirements of Rule 14e-1 under the Exchange Act, and any
other securities laws and regulations to the extent those laws and regulations
are applicable in connection with the repurchase of the Senior Notes 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 2.07,
the Obligor shall comply with the applicable securities laws and regulations
and shall not be deemed to have breached its obligations under this Section 2.07
by virtue of compliance with such securities laws or regulations.

 

(d) On the
repurchase date following a Change of Control Repurchase Event, the Obligor
shall, to the extent lawful:

 

(i) accept for payment
all the Senior Notes or portions of the Senior Notes properly tendered pursuant
to its offer;

 

(ii) deposit with the
Paying Agent an amount equal to the aggregate purchase price in respect of all
the Senior Notes or portions of the Senior Notes properly tendered; and

 

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

 

(e) The Paying
Agent shall promptly mail to each Holder of Senior Notes properly tendered the
purchase price for the Senior Notes, and the Trustee shall promptly
authenticate and mail (or cause to be transferred by book-entry) to each Holder
a new Senior Note equal in principal amount to any unpurchased portion of any
Senior Notes surrendered.

 

(f) The Obligor
shall not be required to make an offer to repurchase the Senior 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 Obligor and such third party purchases all Senior Notes
properly tendered and not withdrawn under its offer.

 

6

 

(g) Should the
Obligor choose to exercise its rights under Section 3.02 of the Indenture, it
shall no longer be obligated to make an offer to repurchase the Senior Notes
following a Change of Control Repurchase Event.

 

SECTION 2.08. Issue
Date. The Issue Date of the Senior Notes is September 14, 2009.

 

SECTION 2.09. Issue
Price. The issue price of the Senior Notes is 99.687% of the aggregate
principal amount of the Senior Notes.

 

SECTION 2.10. Definitive
and Global Notes. The Senior Notes are issuable in whole or in part in the
form of Definitive Notes or as one or more Global Notes and the Depositary for
such Global Notes shall be DTC.

 

SECTION 2.11. Denomination.
The Senior Notes shall be issued in registered form in denominations of $2,000
and integral multiples of $1,000 in excess thereof.

 

SECTION 2.12. Further
Issuances. The Obligor may issue an unlimited principal amount of
additional Senior Notes; provided that, any such additional Senior Notes
shall have identical terms as the outstanding Senior Notes, other than with
respect to the date of issuance, issue price, first Interest Payment Date,
interest accrual date and amount of interest payable on the first Interest
Payment Date applicable thereto; provided, further, that any such
additional Senior Notes shall be treated as a single class with the outstanding
Senior Notes for all purposes under this Third Supplemental Indenture and the
Indenture.

 

SECTION 2.13. Defeasance
and Discharge of Covenants upon Deposit of Moneys, U.S. Government Obligations.
(a) Sub-clause (b) of the first paragraph of Section 3.02 of the Indenture is
hereby supplemented to add after “9.07” thereof:

 

“and Section 2.07 of the Third Supplemental Indenture,
dated September 14, 2009, between the Obligor and the Trustee”

 

(b) The last
sentence of the third to last paragraph of Section 3.02 of the Indenture is
hereby supplemented to add to the end thereof: “and the Obligor shall no longer
be obligated to make an offer to repurchase Senior Notes under Section 2.07 of
the Third Supplemental Indenture upon the occurrence of a Change of Control (as
defined in the Third Supplemental Indenture, dated September 14, 2009, between
the Obligor and the Trustee).”

 

SECTION 2.14. Events
of Default. In addition to the Events of Default set forth in Section 4.01
of the Indenture, the Senior Notes shall include the following additional Event
of Default designated as clause (8) of such Section, which shall be deemed an
Event of Default under Section 4.01 of the Indenture:

 

“(8) a failure by
the Obligor to repurchase Senior Notes tendered for repurchase following the
occurrence of a Change of Control Repurchase Event in conformity with Section 2.07
of the Third Supplemental Indenture, dated September 14, 2009, between the
Obligor and the Trustee.”

 

SECTION 2.15. Limitation
on Liens. In addition to the exceptions to the limitations on liens
restrictions set forth in Section 9.06 of the Indenture, the Senior Notes shall
include the following additional exception designated as clause (10) of such
Section:

 

“(10) liens
existing on the date of the Third Supplemental Indenture, dated September 14,
2009, between the Obligor and the Trustee.”

 

SECTION 2.16.  Effect of Supplemental Indentures.  The Senior Notes shall not be subject to any
of the terms and conditions set forth in the First Supplemental Indenture or
Second Supplemental Indenture.  The terms
of the First Supplemental Indenture and Second Supplemental Indenture, and the
resulting amendments and supplements to the Indenture, shall be disregarded in
their entirety in determining the rights of Holders of the Senior Notes and the
obligations of the Obligor to such Holders 

 

7

 

and the First
Supplemental Indenture and Second Supplemental Indenture shall only have effect
with respect to the 6.50% Senior Notes due 2017 and the 4.45% Senior Notes due
2012.  This Third Supplemental Indenture
shall be read to amend and supplement the Indenture only with respect to the
Senior Notes and shall not be read to otherwise have any effect on the terms of
the Indenture, the 6.50% Senior Notes due 2017, the 4.45% Senior Notes due 2012
or any other series of notes issued pursuant to the Indenture.

 

[SIGNATURE PAGE FOLLOWS]

 

8

 

	
   

  	
  AGILENT TECHNOLOGIES
  INC.,

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  	
  Hilliard C. Terry, III

  
	
   

  	
  Title:

  	
  Vice President,
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
  U.S. BANK NATIONAL
  ASSOCIATION,

  as Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  	
  Bradley E. Scarbrough

  
	
   

  	
  Title:

  	
  Vice President

  

 

[Signature Page to Third Supplemental Indenture]

 

9

 

EXHIBIT A

 

Form of Senior Note

 

THIS
IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREIN.

 

UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE
OBLIGOR 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 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 NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO
NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND
TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN
ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE
REVERSE HEREOF.

 

 

	
  No.
  001

  	
   

  	
  $500,000,000

  

 

5.50% Senior Note due 2015

 

CUSIP No. 00846U AE1

ISIN No. US00846UAE10

 

AGILENT
TECHNOLOGIES, INC., a Delaware corporation, promises to pay to Cede & Co.,
or registered assigns, the principal sum listed on the Schedule of Increases or
Decreases in Global Note attached hereto on September 14, 2015.

 

Interest
Payment Dates: March 14 and September 14.

 

Record
Dates: February 28 (or February 29, if applicable) and August 31.

 

Additional
provisions of this 2015 Senior Note are set forth on the other side of this
2015 Senior Note.

 

IN
WITNESS WHEREOF, the parties have caused this instrument to be duly executed.

 

 

	
   

  	
  AGILENT TECHNOLOGIES,
  INC.,

  
	
   

  	
   

  	
   

  
	
   

  	
  by

  	
   

  
	
   

  	
  Name:

  	
  Hilliard C. Terry, III

  
	
   

  	
  Title:

  	
  Vice President,
  Treasurer

  

 

Dated: September 14, 2009

 

 

	
  TRUSTEE’S CERTIFICATE
  OF AUTHENTICATION

  	
   

  
	
   

  	
   

  
	
  U.S.
  BANK NATIONAL ASSOCIATION,

  as Trustee, certifies
  that this is one of

  the Senior Notes referred

  to in the Third
  Supplemental Indenture.

  	
   

  
	
   

  	
   

  	
   

  
	
  by

  	
   

  	
   

  
	
   

  	
  Authorized
  Signatory

  	
   

  

 

 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE

 

The
initial principal amount of this Global Note is $500,000,000. The following
increases or decreases in this Global Note have been made:

 

	
  Date of

  Exchange

  	
   

  	
  Amount of decrease in

  Principal Amount of

  this Global Note

  	
   

  	
  Amount of increase in

  Principal Amount of

  this Global Note

  	
   

  	
  Principal amount of this

  Global Note following such

  decrease or increase

  	
   

  	
  Signature of authorized

  signatory of Trustee

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

5.50% Senior Notes due 2015

 

1. Interest

 

AGILENT
TECHNOLOGIES, INC., a Delaware corporation (such corporation, and its
successors and assigns under the Indenture hereinafter referred to, being
herein called the “Obligor”), promises to pay interest on the principal amount
of this 2015 Senior Note at the rate per annum shown above. The Obligor shall
pay interest semiannually on March 14 and September 14 of each year. Interest
on this 2015 Senior Note shall accrue from the most recent date to which
interest has been paid or duly provided for or, if no interest has been paid or
duly provided for, from September 14, 2009 until the principal hereof is due.
Interest shall be computed on the basis of a 360-day year of twelve 30-day
months. The Obligor shall pay interest on overdue principal at the rate borne
by this 2015 Senior Note plus 2% per annum, and it shall pay interest on
overdue installments of interest at the same rate to the extent lawful.

 

2. Method of Payment

 

The
Obligor shall pay interest on this 2015 Senior Note (except defaulted interest)
to the Persons who are registered Holders at the close of business on the
Record Date. Holders must surrender this 2015 Senior Note to a Paying Agent to
collect principal payments. Payments in respect of this 2015 Senior Note
represented by a Global Note (including principal, premium, if any, and
interest) shall be made in immediately available funds to DTC or its nominees,
as the case may be, as the Holder of such Global Note. The Obligor will make
all payments in respect of any certificated 2015 Senior Note (including
principal, premium, if any, and interest) at the office of the Paying Agent,
except that, at the option of the Obligor, payment of interest may be made by
mailing a check to the registered address of each Holder thereof or, upon
request of a Holder of at least $1,000,000 aggregate principal amount of 2015
Senior Notes, by wire transfer to an account located in the United States by
the payee.

 

3. Paying Agent and
Registrar

 

Initially,
U.S. Bank National Association, a United States banking association (the “Trustee”),
will act as Paying Agent and Registrar. The Obligor may act as Paying Agent.

 

4. Indenture

 

The
Obligor issued this 2015 Senior Note under an Indenture dated as of October 24,
2007 (the “Base Indenture”), between the Obligor and the Trustee, as
supplemented by the Third Supplemental Indenture, dated as of September 14,
2009 (the “Third Supplemental Indenture” and, together with the Base Indenture,
the “Indenture”), between the Obligor and the Trustee. The terms of this 2015
Senior Note include those stated in the Indenture, and those made part of the
Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa
77bbbb) as in effect on the date of the Indenture (the “TIA”). Terms defined in
the Indenture and not defined herein have the meanings ascribed thereto in the
Indenture. This 2015 Senior Note is subject to all terms and provisions of the
Indenture, and Holders (as defined in the Indenture) are referred to the
Indenture and the TIA for a statement of such terms and provisions. In the
event of a conflict between any provision of this 2015 Senior Note and the
Indenture, the Indenture shall govern such provision.

 

This
2015 Senior Note is a senior unsecured obligation of the Obligor of which an
unlimited aggregate principal amount may be at any one time Outstanding. The
Indenture imposes certain limitations on the ability of the Obligor and its
Subsidiaries to, among other things, create or incur Liens and enter into
certain Sale-Leaseback Transactions. The Indenture also imposes limitations on
the ability of the Obligor to consolidate or merge with or into any other
Person or convey, transfer or lease all or substantially all its property.

 

 

5. Optional Redemption

 

The
Obligor may redeem this 2015 Senior Note at its option at any time in whole or
in part. If the Obligor elects to redeem this 2015 Senior Note, it will pay a
Redemption Price equal to the greater of the following amounts, plus, in each
case, accrued and unpaid interest thereon to, but not including, the Redemption
Date:

 

·                  100% of the aggregate principal amount of this 2015
Senior Note; or

 

·                  the sum of the present values of the Remaining
Scheduled Payments. In determining the present values of the Remaining
Scheduled Payments the Obligor shall discount such payments to the Redemption
Date on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at a discount rate equal to the Treasury Rate plus 50 basis
points.

 

6. Sinking Fund

 

This
2015 Senior Note is not subject to any sinking fund.

 

7. Notice of
Redemption

 

If the
Obligor elects to redeem this 2015 Senior Note, it shall furnish the Trustee,
at least 45 days (or such shorter period as shall be acceptable to the Trustee,
but in no event less than 30 days) but not more than 60 days before the
Redemption Date, an Officer’s Certificate setting forth (1) the Redemption Date
and (2) the CUSIP and/or ISIN numbers of this 2015 Senior Note.

 

Notice
of redemption of this 2015 Senior Note, either in whole or in part, shall be
given to the Holder thereof at the option of the Obligor by first-class mail,
postage prepaid, mailed not fewer than 30 nor more than 60 days prior to the
Redemption Date to such Holder at such Holder’s last address appearing in the
Security Register for the 2015 Senior Notes.

 

8. Repurchase of this
2015 Senior Note at the Option of Holders upon Change of Control Repurchase
Event

 

If a
Change of Control Repurchase Event occurs, unless the Obligor has exercised its
right to redeem this 2015 Senior Note as described in the Indenture, the
Obligor shall be required to make an offer to the Holder of this 2015 Senior
Note to repurchase all or any part (in excess of $2,000 and in integral
multiples of $1,000) of this 2015 Senior Note at a repurchase price in cash
equal to 101% of the aggregate principal amount of such percentage of this 2015
Senior Note plus any accrued and unpaid interest on the portion of this 2015
Senior Note so repurchased to, but not including, the date of repurchase, as
provided in, and subject to the terms of, the Indenture.

 

9. Denominations;
Transfer; Exchange

 

2015
Senior Notes may be issued in registered form in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. A Holder may transfer or
exchange this 2015 Senior Note in accordance with the Indenture. Upon any
transfer or exchange, the Obligor and the Trustee may require a Holder, among
other things, to furnish appropriate endorsements or transfer documents and to
pay any taxes required by law or permitted by the Indenture. The Obligor need
not register the transfer of or exchange this 2015 Senior Note if selected for
redemption (except, in the event it will be redeemed in part, the portion not
to be redeemed), or to transfer or exchange this 2015 Senior Note for a period
of 15 days prior to a selection of 2015 Senior Notes to be redeemed.

 

 

10. Persons Deemed
Owners

 

With
certain exceptions, the registered Holder of this 2015 Senior Note may be
treated as the owner of it for all purposes.

 

11. Unclaimed Money

 

If
money for the payment of principal or interest, if any, remains unclaimed for
two years, the Trustee shall pay the money back to the Obligor at its request.
After any such payment, Holders entitled to the money must look to the Obligor
for payment as unsecured general creditors and the Trustee and the Paying Agent
shall have no further liability with respect to such monies.

 

12. Discharge and
Defeasance

 

Subject
to certain conditions, the Obligor at any time may terminate some of or all its
obligations under this 2015 Senior Note and the Indenture if the Obligor
deposits with the Trustee U.S. dollars or non-callable U.S. Government
Obligations for the payment of principal of, premium, if any, and interest on,
this 2015 Senior Note to redemption or maturity, as the case may be.

 

13. Amendment, Waiver

 

Subject
to certain exceptions set forth in the Indenture, (i) the Indenture may be
amended under certain circumstances with the written consent of the Holders of
at least a majority in aggregate principal amount of the Outstanding 2015
Senior Notes and (ii) certain defaults may be waived with the written consent
of the Holders of at least a majority in principal amount of the Outstanding
2015 Senior Notes. Subject to certain exceptions set forth in the Indenture,
without the consent of the Holders of any 2015 Senior Notes, the Obligor and
the Trustee may amend the Indenture: (i) to evidence the succession of another
Person to the Obligor and the assumption by any such successor of the covenants
of the Obligor under the Indenture and the 2015 Senior Notes; (ii) to add to
the covenants of the Obligor for the benefit of Holders of the 2015 Senior
Notes or to surrender any right or power conferred upon the Obligor; (iii) to
add any additional events of default for the benefit of Holders of the 2015
Senior Notes; (iv) to add to or change any of the provisions of the Indenture
as necessary to permit or facilitate the issuance of 2015 Senior Notes in
bearer form, registrable or not registrable as to principal, and with or
without interest coupons, or to permit or facilitate the issuance of 2015
Senior Notes in uncertificated form; (v) to secure the 2015 Senior Notes; (vi) to
add or appoint a successor or separate Trustee; (vii) to cure any ambiguity,
defect or inconsistency; (viii) to supplement any of the provisions of the
Indenture as necessary to permit or facilitate the defeasance and discharge of
2015 Senior Notes, provided that the interests of the holders of the 2015
Senior Notes are not adversely affected in any material respect; (ix) to make
any other change that would not adversely affect the Holders of the 2015 Senior
Notes in any material respect; (x) to make any change necessary to comply with
any requirement of the Commission in connection with the qualification of the
Indenture or any supplemental Indenture under the TIA; and (xi) to conform the
Indenture to the section entitled “Description of Notes” in the prospectus
supplement dated September 9, 2009 relating to the 2015 Senior Notes.

 

14. Defaults and
Remedies

 

If any
Event of Default (other than an Event of Default relating to certain events of
bankruptcy, insolvency or reorganization of the Company) with respect to this
2015 Senior Note occurs and is continuing, then either the Trustee or the
Holders of not less than 25% in aggregate principal amount of the Outstanding
2015 Senior Notes may declare the principal of all Outstanding 2015 Senior
Notes, and the interest to the date of acceleration, if any, accrued thereon,
to be immediately due and payable by notice in writing to the Obligor (and to
the Trustee if given by Holders) specifying the Event of Default. If an Event
of Default relating to a merger or certain events of bankruptcy, insolvency or
reorganization of the Company occurs, then the principal amount of all the 2015
Senior Notes then Outstanding and interest accrued thereon, if any, will become
and be immediately due and payable without any declaration or other act on the
part of the Trustee or the Holders of the 2015 Senior Notes, to the full extent
permitted by applicable law.

 

 

Under
certain circumstances, the Holders of a majority in principal amount of the
Outstanding 2015 Senior Notes may rescind any such acceleration with respect to
the 2015 Senior Notes and its consequences.

 

No
Holder of this 2015 Senior Note may institute any action, unless and until: (i)
such Holder has given the Trustee written notice of a continuing Event of
Default with respect to the 2015 Senior Notes; (ii) the Holders of at least 25%
in aggregate principal amount of the Outstanding 2015 Senior Notes have made a
written request to the Trustee to institute proceedings in respect of such
Event of Default in its own name as Trustee hereunder; (iii) such Holder or
Holders has or have offered the Trustee such reasonable indemnity against the
costs, expenses and liabilities to be incurred in compliance with such request;
(iv) the Trustee has failed to institute any such proceeding for 60 days after
its receipt of such notice, request and offer of indemnity; and (v) no
inconsistent direction has been given to the Trustee during such 60-day period
by the Holders of a majority in aggregate principal amount of the Outstanding
2015 Senior Notes.  These limitations do
not apply to a suit instituted by a Holder of any 2015 Senior Notes for
enforcement of payment of the principal of, and premium, if any, or interest
on, such 2015 Senior Notes on or after the respective due dates expressed in
such 2015 Senior Notes.

 

15. Trustee Dealings
with the Obligor

 

Subject
to certain limitations imposed by the TIA, the Trustee under the Indenture, in
its individual or any other capacity, may become the owner or pledgee of this
2015 Senior Note and may otherwise deal with the Obligor with the same rights
it would have if it were not Trustee.

 

16. Authentication

 

This
2015 Senior Note shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this 2015 Senior Note.

 

17. Governing Law

 

THIS 2015 SENIOR NOTE SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

18. CUSIP and ISIN
Numbers

 

The
Obligor has caused CUSIP and ISIN numbers to be printed on this 2015 Senior
Note and has directed the Trustee to use CUSIP and ISIN numbers in notices of
redemption as a convenience to Holders. No representation is made as to the
accuracy of such numbers either as printed on this 2015 Senior Note or as
contained in any notice of redemption and reliance may be placed only on the
other identification numbers placed thereon.

 

The Obligor will furnish to any Holder of this 2015 Senior
Note upon written request and without charge to the Holder a copy of the
Indenture which has in it the text of this 2015 Senior Note.

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