Document:

EXHIBIT 4.2

 

(FACE OF SECURITY)

 

THIS SECURITY IS A GLOBAL SECURITY WITHIN THE
MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME
OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS GLOBAL SECURITY IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE
DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE
INDENTURE AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS
SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE
DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. EVERY
SECURITY DELIVERED UPON REGISTRATION OF TRANSFER OF, IN EXCHANGE FOR, OR IN
LIEU OF, THIS GLOBAL SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED ABOVE.

 

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

 

EXCEPT AS OTHERWISE PROVIDED
HEREIN,

THIS GLOBAL SECURITY MAY BE TRANSFERRED, IN WHOLE BUT

NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE DEPOSITORY

OR TO A SUCCESSOR DEPOSITORY OR TO A NOMINEE

OF SUCH SUCCESSOR DEPOSITORY

 

	
  No. 1

  	
  CUSIP: 883203BQ3

  	
  $250,000,000

  

 

TEXTRON INC.

7.25% NOTE DUE OCTOBER 1, 2019

 

TEXTRON INC., a corporation duly organized and existing
under the laws of the State of Delaware (herein called “Textron,” which term
includes any successor corporation under the Indenture hereinafter referred
to), for value received, hereby promises to pay Cede & Co., as nominee
for the Depository, or registered assigns, the principal sum of two hundred
fifty million dollars ($250,000,000) on October 1, 2019 and to pay
interest thereon, accruing from September 17, 2009 or the most recent date
in respect of which interest has been paid or duly provided for at the rate of 7.25% per annum until  the
principal hereof is paid or duly provided for, semiannually in arrears on April 1
and October 1 in each 

 

 

year (each an “Interest
Payment Date”) commencing April 1, 2010; provided, however, that if an
Interest Payment Date should fall on a day that is not a Business Day, such
Interest Payment Date shall be the following day that is a Business Day.  The interest so payable and punctually paid
or duly provided for on any Interest Payment Date will, as provided in the
Indenture, be paid to the Person in whose name this Global Security (or one or
more Predecessor Securities (as defined in the Indenture)) is registered at the
close of business on March 15 or September 15 (whether or not a
Business Day) next preceding such Interest Payment Date (a “Regular Record Date”)
and interest payable at maturity will be payable to the Person to whom
principal shall be payable. Any such interest which is payable, but is not
punctually paid or duly provided for on any Interest Payment Date shall
forthwith cease to be payable to the Holder hereof on the relevant Regular
Record Date or the Person in whose name this Global Security was originally
registered, as the case may be, and may be paid to the Person in whose name
this Global Security (or one or more Predecessor Securities) is registered at
the close of business on a Special Record Date for the payment of such defaulted
interest to be fixed by Textron or may be paid at any time in any other lawful
manner.

 

As used herein, the term “Depository” shall mean The
Depository Trust Company, New York, New York, another clearing agency or any
successor registered under the Exchange Act or other applicable statute or
regulation, which in each case, shall be designated by Textron pursuant to the
Indenture.

 

Payment of the principal and interest on this Global
Security will be made at the principal corporate office or agency of the
Trustee in the Borough of Manhattan, The City of New York, New York in such
coin or currency of the United States of America as at the time of payment is
legal tender for the payment of public and private debts; provided that, at the
option of Textron, payment of interest may be made by check mailed to the
address of the Person entitled thereto as such address shall appear in the
Security Register.

 

Unless the certificate of authentication hereon has
been executed by the Trustee, directly or through an Authenticating Agent by
manual signature of an authorized officer, this Security shall not be entitled
to any benefit under the Indenture or be valid or obligatory for any purpose.

 

[Signature Page to Follow]

 

 

IN WITNESS WHEREOF, Textron Inc. has caused this
instrument to be duly executed under its corporate seal.

 

 

	
  Dated: September 17, 2009

  	
  TEXTRON INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Vice
  President and Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
   

  
	
   

  	
  Assistant
  Secretary

  	
   

  

 

Signature Page to Global Security

 

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

 

This is a Global Security of the series designated
herein referred to in the within-mentioned Indenture.

 

THE BANK OF NEW YORK MELLON TRUST COMPANY,
N.A.,

(successor to The Bank of New York)

As Trustee

 

	
  By:

  	
   

  	
   

  
	
   

  	
  Authorized Signatory

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:  September 17, 2009

  	
   

  

 

Signature Page to Global Security

 

 

(REVERSE OF SECURITY)

 

TEXTRON INC.

7.25% NOTE DUE OCTOBER 1, 2019

 

This Security is a Global Security evidencing a
security of the duly authorized series of securities of Textron designated as
its 7.25% Notes due October 1, 2019 (the securities of such series are
herein called the “Securities”), issued under an Indenture, dated as of September 10,
1999 (herein called the “Indenture”), between Textron and The Bank of New York
Mellon Trust Company, N.A., as successor trustee to The Bank of New York
(herein called the “Trustee”, which term includes any successor trustee under
the Indenture). The terms of this Security include those stated in, or made
pursuant to, the Indenture. The Securities are subject to all such terms, and
reference is made to the Indenture, all indentures supplemental thereto and all
written instruments of Textron establishing such terms for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of
Textron, the Trustee and the Holders of the Securities and of the terms upon
which the Securities are, and are to be, authenticated and delivered.

 

This Global Security is not subject to a mandatory
or optional sinking fund requirement.

 

The Securities shall be redeemable, at the option of
Textron, in whole or in part on any date prior to Maturity (the “Redemption
Date”) at the Redemption Price (as defined herein), plus accrued and unpaid
interest on such Securities up to, but not including, the Redemption Date. For
all purposes hereof:

 

“Adjusted Treasury Rate” means, with respect
to the redemption of Securities on a Redemption Date, the annual rate equal to
the semi-annual equivalent yield to maturity of the Comparable Treasury Issue,
assuming 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.

 

“Comparable Treasury Issue” means, with
respect to the redemption of Securities on a Redemption Date, the United States
Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Securities to be redeemed that would be
used, 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 Securities.

 

“Comparable Treasury
Price” means, with respect to the redemption of Securities on a Redemption
Date:

 

(a)           the average of the Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and
lowest such Reference Treasury Dealer Quotations or

 

(b)           if the Trustee obtains fewer than three
such Reference Treasury 

 

 

Dealer Quotations,
the average of all such Reference Treasury Dealer Quotations.

 

“Primary Treasury Dealer” means a primary
U.S. Government securities dealer in New York City.

 

“Quotation Agent” means the Reference
Treasury Dealer appointed by Textron.

 

“Redemption Price” means the greater of: (a) 100%
of the principal amount of Securities to be redeemed and (b) as determined
by the Quotation Agent, the sum of the present values of the remaining
scheduled payments of principal on such Securities and interest on such
Securities that would be due on or after the Redemption Date but for such
redemption (not including any portion of such interest payments accrued as of
the Redemption Date) discounted to the Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Adjusted
Treasury Rate plus 50 basis points.

 

“Reference Treasury Dealer” means each of (a) Banc
of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets
Inc., Goldman, Sachs & Co. and J.P. Morgan Securities Inc. and their
successors; provided, however,  that if any of the foregoing ceases to be a Primary
Treasury Dealer, Textron shall substitute another Primary Treasury Dealer and (b) any
other Primary Treasury Dealers selected by Textron.

 

“Reference Treasury Dealer Quotations” means,
with respect to each Reference Treasury Dealer and the redemption of Securities
on a Redemption Date, the average, as determined by Textron, of the bid and
asked prices for the Comparable Treasury Issue (expressed in each case as a
percentage of its principal amount) which such Reference Treasury Dealer quotes
in writing to the Trustee at 5:00 p.m., New York City time, on the third
business day before such Redemption Date.

 

The notice of redemption of the Securities may
summarize the method by which the Redemption Price will be determined rather
than state the actual dollar amount.

 

Upon the occurrence of a Change of Control
Triggering Event (as defined herein), unless Textron has exercised its right to
redeem the Securities pursuant to provisions hereof, each Holder of Securities
will have the right to require Textron to repurchase all or any part (equal to
$2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s
Securities as provided herein (the “Change of Control Offer”) at a purchase
price equal to 101% of the aggregate principal amount of such Securities plus
accrued and unpaid interest, if any, on such Securities to the date of purchase
(the “Change of Control Payment”).

 

Within 30 days following any Change of Control
Triggering Event, Textron shall send, by first class mail, a notice to each
Holder of Securities, with a written copy to the Trustee, which notice shall
govern the terms of the Change of Control Offer. Such notice shall state:

 

 

(i)            a description of the
transaction or transactions that constitute such Change of Control Triggering
Event;

 

(ii)           that the Change of Control
Offer is being made pursuant to provisions hereof and that all Securities validly tendered will be
accepted for payment;

 

(iii)          the Change of Control
Payment and the Change of Control Payment Date, which shall be a Business Day
that is no earlier than 30 days nor later than 60 days from the date such
notice is mailed, other than as may be required by law;

 

(iv)          that any Security not tendered will continue
to accrue interest;

 

(v)           that any Security accepted for payment
pursuant to the Change of Control Offer shall cease to accrue interest on and
after the Change of Control Payment Date unless Textron shall default in the
Change of Control Payment and the only remaining right of the Holder thereof is
to receive the Change of Control Payment upon surrender of such Security to the Paying Agent;

 

(vi)          that Holders of the
Securities electing to have a portion of a Security purchased pursuant to a
Change of Control Offer may only elect to have such Security purchased in a principal
amount of $2,000 or integral multiples of $1,000 in excess thereof;

 

(vii)         that if a Holder of
Securities elects to have such Securities purchased pursuant to the
Change of Control Offer it will be required to surrender such Securities, with the form entitled “Option
of Holder to Elect Purchase” on the reverse of such Securities completed, or transfer by
book-entry transfer, to the Paying Agent at the address specified in the notice
prior to the close of business on the third Business Day prior to the Change of
Control Payment Date;

 

(viii)        that a Holder
of Securities will be entitled to withdraw its election if Textron receives,
not later than the third Business Day preceding the Change of Control Payment
Date, a telegram, telex, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Securities such Holder delivered for
purchase, and a statement that such Holder is withdrawing its election to have
such Securities purchased; and

 

(ix)           that if Securities are purchased only in part
a new Security of the same
type will be issued in a principal amount equal to the unpurchased portion of
the Securities surrendered.

 

 

On the Change of Control Payment Date, Textron
shall, to the extent lawful, (i) accept for payment all Securities or
portions thereof properly tendered pursuant to the Change of Control Offer, (ii) deposit
with the Paying Agent an amount equal to the Change of Control Payment in
respect of all Securities or portions thereof properly tendered and (iii) deliver
or cause to be delivered to the Trustee for cancellation the Securities
properly accepted together with an Officers’ Certificate stating the aggregate
principal amount of Securities or portions thereof being purchased by Textron.
The Paying Agent shall promptly mail to each Holder of Securities properly
tendered the Change of Control Payment for such Securities, and the Trustee,
upon receipt of an order from Textron, shall promptly authenticate and mail (or
cause to be transferred by book entry) to such Holder a new Security equal in
principal amount to any unpurchased portion of the Securities surrendered by
such Holder, if any, in denominations as set forth in the Indenture.

 

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

 

For all purposes hereof:

 

“Below
Investment Grade Rating Event” means the ratings on the Securities are
lowered by each of the Rating Agencies and the Securities are rated below an
Investment Grade Rating by each 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 the Change of Control (which 60-day period shall be extended so
long as the rating of the Securities is under publicly announced consideration
for possible downgrade by any of the Rating Agencies); provided that a Below
Investment Grade Rating 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 Below Investment
Grade Rating Event for purposes of the definition of Change of Control
Triggering 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 or Textron in writing at the Trustee’s
or Textron’s 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 Below Investment Grade Rating
Event).

 

“Capital
Stock” of any Person means any and all shares, interests, rights to
purchase, warrants, options, participation or other equivalents of or interests
in 

 

 

(however designated) equity of such Person,
including any preferred stock and limited liability or partnership interests
(whether general or limited), but excluding any debt securities convertible
into such equity.

 

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

 

(a)  the direct or
indirect sale, transfer, conveyance or other disposition (other than by way of
merger or consolidation), in one or a series of related transactions, of all or
substantially all of Textron’s properties or assets and of Textron’s
subsidiaries’ properties or assets taken as a whole to any Person or group of
related “persons” (as that term is used in Section 13(d)(3) of the
Exchange Act (a “Group”) other than Textron or one of Textron’s subsidiaries;

 

(b)  the adoption of a plan
relating to liquidation or dissolution of Textron;

 

(c)  the consummation
of any transaction (including, without limitation, any merger or consolidation)
the result of which is that any Person or Group becomes the beneficial owner,
directly or indirectly, of more than 50% of the then outstanding number of
shares of Textron’s Voting Stock; or

 

(d)  the first day on
which a majority of the members of Textron’s Board of Directors are not
Continuing Directors.

 

Notwithstanding the foregoing, a transaction will
not be considered to be a Change of Control if (1) Textron becomes a
direct or indirect wholly owned subsidiary of a holding company and (2) immediately
following that transaction, (A) the direct or indirect holders of the
Voting Stock of the holding company are substantially the same as the holders
of Textron’s Voting Stock immediately prior to that transaction or (B) no
Person or Group is the beneficial owner, directly or indirectly, of more than
50% of the Voting Stock of the holding company.

 

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

 

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

 

“Fitch”
means Fitch Ratings or its successor.

 

“Investment
Grade Rating” means a rating equal to or higher than BBB- (or the
equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s and BBB- (or the
equivalent) by S&P.

 

 

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

 

“Person”
means any individual, corporation, partnership, joint venture, association,
joint stock company, trust, unincorporated organization, limited liability
company, government or any agency or political subdivision thereof or any other
entity, and includes a “person” as used in Section 13(d)(3) of the
Exchange Act.

 

“Rating
Agencies” means (1) each of Fitch, Moody’s and S&P and (2) if
any of Fitch, Moody’s or S&P ceases to rate the Securities or fails to make
a rating of the Securities publicly available for reasons outside of Textron’s
control, a “nationally recognized statistical rating organization” within the
meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected
by Textron (as certified by a resolution of Textron’s Board of Directors) as a
replacement agency for Fitch, Moody’s or S&P, or all of them, as the case
may be.

 

“S&P”
means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. or its successor.

 

“Voting
Stock” of a Person means all classes of Capital Stock of such Person
then outstanding and normally entitled to vote in the election of directors,
managers or trustees, as applicable.

 

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

 

The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and
obligations of Textron and the rights of the Holders of the Securities of each
series to be affected under the Indenture at any time by Textron and the
Trustee with the consent of the Holders of a majority in principal amount of
the Securities at the time Outstanding of each series to be affected.  The Indenture also contains provisions
permitting the Holders of a majority in principal amount of the Securities of
each series at the time Outstanding, on behalf of the Holders of all Securities
of such series, to waive compliance by Textron with certain provisions of the
Indenture and certain past defaults under the Indenture and their
consequences.  Any such consent or waiver
by the Holder of this Global Security shall be conclusive and binding upon such
Holder and upon all future Holders of this Global Security and of any Security
issued upon the registration of transfer hereof or in exchange hereof or in
lieu hereof, whether or not notation of such consent or waiver is made upon
this Global Security.

 

Without the consent of the Holder of any Securities,
Textron and the Trustee may enter into one or more indentures supplemental to
the Indenture to evidence the succession of another corporation to Textron and
the assumption by such successor of the covenants of Textron in the Indenture
or this Global Security, to add to the covenants of Textron for the benefit of
the Holders of all or any series of Securities, to add 

 

 

additional Events of
Default, to change or eliminate any of the provisions of the Indenture provided
that any such change or elimination shall become effective only when there is
no Security Outstanding of any series created prior to the execution of such
supplemental indenture which is adversely affected by such provision, to secure
the Securities of any series, to establish the form or terms of Securities of
any series, to evidence and provide for the acceptance of appointment under the
Indenture by a successor Trustee with respect to the Securities of one or more
series and to add to or change any of the provisions of the Indenture as shall
be necessary to provide for or facilitate the administration of the trusts
under the Indenture by more than one Trustee, pursuant to the requirements of
the Indenture, to cure any ambiguity, to correct any defect or inconsistency or
to make any other provisions with respect to matters or questions arising under
the Indenture which shall not adversely affect the interests of the Holders of
Securities of any series in any material respect or for the other purposes set
forth in the Indenture.

 

As provided in the Indenture and subject to certain
limitations therein set forth and herein provided, the transfer of this Global
Security is registrable in the Security Register, upon surrender of this Global
Security for registration of transfer at the office or agency of Textron in any
place where the principal of, premium, if any, and interest on this Global
Security are payable, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to Textron and the Security Registrar duly
executed by the Holder hereof or his attorney duly authorized in writing, and
thereupon a new Global Security evidencing the Securities evidenced hereby, or
like tenor and for the same aggregate principal amount, will be issued to the
designated transfer or transferees; provided, however, that for
so long as any Securities are evidenced by this Global Security, this Global
Security may be transferred in whole but not in part, only to another nominee
of the Depository or to a successor Depository selected or approved by Textron
or to a nominee of such successor Depository.

 

There is no limit on the aggregate principal amount
of Securities of this series that may be issued by Textron. Without notice to
or consent of any Holder of any Securities of this series, Textron may, from
time to time and at any time, issue and sell additional Securities of this
series with the same title and terms as this Security, except for the payment
of interest accruing prior to the issue date of such additional Securities or
except for the first payment of interest following the issue date of such
additional Securities.

 

The Securities of this series are issuable only in
denominations of $2,000 or any amount in excess thereof which is an integral
multiple of $1,000 unless otherwise specified above. As provided in the
Indenture and subject to certain limitations therein set forth, Securities of
this series are exchangeable for a like aggregate principal amount of
Securities of this series of a different authorized denomination, as requested
by the Holder surrendering the same.

 

No service charge shall be made for any such
registration of transfer or exchange of Securities, but Textron may require
payment of a sum sufficient to cover any tax or other governmental charge
payable in connection therewith.

 

 

Prior to due presentment of this Global Security for
registration of transfer, Textron, the Trustee and any agent of Textron or the
Trustee may treat the Person in whose name this Global Security is registered
as the owner hereof for all purposes, whether or not this Global Security is
overdue, and neither Textron, the Trustee nor any such agent shall be affected
by notice to the contrary.

 

If at any time (a) the Depository notifies
Textron that it is unwilling or unable to continue as Depository for the
Securities evidenced hereby or if at any time the Depository shall no longer be
registered or in good standing under the Exchange Act or other applicable
statute or regulation and a successor Depository is not appointed by Textron
within 90 days after Textron receives such notice or becomes aware of such
condition, as the case may be, or (b) an Event of Default has occurred and
is continuing and DTC requests the issuance of Securities in definitive
registered form, Textron will execute, and the Trustee will authenticate and
deliver, Securities in definitive registered form without coupons, in
denomination of $2,000 or any amount in excess thereof which is an integral
multiple of $1,000 (such denominations referred to herein as “authorized
denominations”), of like tenor and in an aggregate principal amount equal to
the principal amount of this Global Security in exchange for this Global
Security. In addition, Textron may at any time determine that the Securities
evidenced hereby shall no longer be represented by a Global Security. In such
event Textron will execute, and the Trustee, upon receipt of an Officers’
Certificate evidencing such determination by Textron, will authenticate and
deliver Securities in definitive registered form without coupons, in authorized
denominations, and of like tenor and in an aggregate principal amount equal to
the principal amount of this Global Security in exchange for this Global
Security. Upon the exchange of this Global Security for such Securities in
definitive registered form, without coupons, in authorized denominations, this
Global Security shall be cancelled by the Trustee. Securities in definitive
registered form issued in exchange for this Global Security shall be registered
in such names and in such authorized denominations as the Depository, pursuant
to instructions from its direct or indirect participants or otherwise, shall
instruct the Trustee. The Trustee shall deliver such Securities to the Persons
in whose names such Securities are so registered.

 

All terms used in this Global Security that are
defined in the Indenture and not herein otherwise defined shall have the
meanings assigned to them in the Indenture.

 

 

FOR VALUE RECEIVED, the undersigned hereby
sells, assigns and transfers unto

 

 

	
   

  	
   

  
	
  (Please insert social security,

  	
   

  
	
  tax identification number or
  other

  	
   

  
	
  identifying number of assignee)

  	
   

  

 

	
   

  
	
   

  
	
   

  
	
   

  
	
   

  

 

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

 

the within Global Security and all rights thereunder, hereby
irrevocably constituting and appointing                                                                                                    attorney to transfer said Global Security on the books of
Textron, with full power of substitution in the premises.

 

	
  Dated:

  	
   

  
	
   

  	
   

  
	
  Signature:

  	
   

  
	
   

  	
   

  
	
  Signature guarantee:

  	
   

  
					

 

NOTE:  The
signature to this assignment must correspond exactly with the name as written
upon the face of the within Global Security in every particular without
alteration or enlargement or any change whatsoever and must be guaranteed by a
commercial bank or trust company having its principal office or correspondent
in The City of New York or by a member of the New York Stock Exchange.

 

 

OPTION
OF HOLDER TO ELECT PURCHASE

 

If the undersigned wants to
elect to have this Security purchased by Textron pursuant to the provisions
hereof, check the box below:

 

o

 

If the undersigned wants to
elect to have only part of this Security purchased by Textron pursuant to the
provisions hereof, state the amount the undersigned elects to have purchased:

 

$            

 

	
  Dated:

  	
   

  
	
   

  
	
  Signature:

  	
   

  
	
   

  
	
  Tax Identification
  Number:

  	
   

  
	
   

  
	
  Signature guarantee:

  	
   

  
					

 

NOTE:  The
signature to this assignment must correspond exactly with the name as written
upon the face of the within Global Security in every particular without
alteration or enlargement or any change whatsoever and must be guaranteed by a
commercial bank or trust company having its principal office or correspondent
in The City of New York or by a member of the New York Stock Exchange.EXHIBIT 4.3

 

TEXTRON INC.

 

OFFICERS’ CERTIFICATE

Pursuant to Section 3.1 of the Indenture

 

Textron Inc., a Delaware corporation (“Textron”),
hereby certifies, through its Vice President and Treasurer, Mary F. Lovejoy,
and its Assistant Secretary, Ann T. Willaman, pursuant to Section 3.1 of
the Indenture dated as of September 10, 1999, between Textron and The Bank
of New York Mellon Trust Company, N.A. (successor trustee to The Bank of New
York), as Trustee (the “Indenture”), as follows:

 

1.             Pursuant
to authority delegated by Textron’s Board of Directors on July 23, 2008
and October 13, 2008 to the Chief Executive Officer of Textron and the
written action of Lewis B. Campbell, Chairman and Chief Executive Officer of
Textron, dated September 14, 2009, Textron has created (a) a series
of senior debt securities of Textron, designated as the 6.20% Notes due March 15,
2015 (the “2015 Notes”), to be issued under the Indenture, and authorized the
sale of up to $350,000,000 aggregate principal amount of the 2015 Notes, and (b) a
series of senior debt securities of Textron, designated as the 7.25% Notes due October 1,
2019 (the “2019 Notes” and, together with the 2015 Notes, the “Notes”), to be
issued under the Indenture, and authorized the sale of up to $250,000,000 aggregate
principal amount of the 2019 Notes.

 

2.             The
terms of the Notes as authorized and determined by written action of Lewis B.
Campbell, Chairman and Chief Executive Officer of Textron, dated September 14,
2009, are as follows:

 

(a)           The
title of the 2015 Notes shall be 6.20% Notes due March 15, 2015 (CUSIP:
883203BP5). The title of the 2019 Notes shall be 7.25% Notes due October 1,
2019 (CUSIP: 883203BQ3).

 

(b)           The
Notes shall be issued under the Indenture.

 

(c)           The
principal of the 2015 Notes shall be payable on March 15, 2015 in United
States dollars. The principal of the 2019 Notes shall be payable on October 1,
2019 in United States dollars.

 

(d)           The
2015 Notes shall bear interest at an annual rate of 6.20% from September 17,
2009, payable semiannually in arrears on March 15 and September 15 of
each year, commencing March 15, 2010 until the principal of the 2015 Notes
is paid or made available for payment. The interest payable on the 2015 Notes
shall be paid to the persons in whose name the 2015 Notes are registered at the
close of business on March 1 or September 1 (whether or not a
Business Day) next preceding such March 15 or September 15,
respectively. The 2019 Notes shall bear interest at an annual rate of 7.25%
from September 17, 2009, payable semiannually in arrears on April 1
and October 1 of each year, commencing April 1, 2010 until the
principal of the 2019 Notes is paid or made available for

 

 

payment.
The interest payable on the 2019 Notes shall be paid to the persons in whose
name the 2019 Notes are registered at the close of business on March 15 or
September 15 (whether or not a Business Day) next preceding such April 1
or September 1, respectively. Interest on the Notes of each series shall
accrue from September 17, 2009. Principal and interest shall be paid in
United States dollars.

 

(e)           The
Notes of each series shall be issued in denominations of $2,000 and integral
multiples of $1,000 in excess thereof in United States dollars.

 

(f)            Payment
of the principal of and interest on the Notes shall be made at the principal
corporate trust office of the Trustee in the Borough of Manhattan, The City of
New York, New York, presently located at 101 Barclay St., New York, New York,
10286; provided that, at the option of Textron, payment of interest with
respect to the Notes of either series may be made by check mailed to the
address of the person entitled thereto as such address shall appear in the
register for the Notes of such series.

 

(g)           The
Notes of each series shall be redeemable, at the option of Textron, in whole or
in part on any date prior to the maturity date therefor established in
paragraph (c) hereof with respect to the Notes of such series (the “Redemption
Date”), at the Redemption Price (as defined herein) for the Notes of such
series, plus accrued and unpaid interest on such Notes up to, but not
including, such Redemption Date. For all purposes hereof:

 

“Adjusted Treasury Rate” means, with respect to the
redemption of  Notes of either series on
a Redemption Date therefor, the annual rate equal to the semi-annual equivalent
yield to maturity of the Comparable Treasury Issue for the Notes of such
series, assuming a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to such Comparable Treasury Price for
such Redemption Date.

 

“Comparable Treasury Issue” means, with respect to the
redemption of Notes of either series on a Redemption Date therefor, the United
States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes of such series to be redeemed
that would be used, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the remaining term of such Notes.

 

“Comparable Treasury Price” means, with respect to the
redemption of the Notes of either series on a Redemption Date therefor:

 

(a)           the average of the
Reference Treasury Dealer Quotations for the Notes of such series for such
Redemption Date, after excluding the highest and lowest such Reference Treasury
Dealer Quotations or

 

 

(b)           if the Trustee
obtains fewer than three such Reference Treasury Dealer Quotations, the average
of all such Reference Treasury Dealer Quotations.

 

“Primary Treasury Dealer” means a primary U.S.
Government securities dealer in New York City.

 

“Quotation Agent” means the Reference Treasury Dealer
appointed by Textron.

 

“Redemption Price” means the greater of: (a) 100%
of the principal amount of Notes to be redeemed and (b) as determined by
the Quotation Agent, the sum of the present values of the remaining scheduled
payments of principal of such Notes and interest on such Notes that would be
due on or after the Redemption Date therefore but for such redemption (not
including any portion of such interest payments accrued as of such Redemption
Date) discounted to such Redemption Date on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate
for such Notes plus 50 basis points.

 

“Reference Treasury Dealer” means each of (a) Banc
of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets
Inc., Goldman, Sachs & Co. and J.P. Morgan Securities Inc. and their
successors; provided, however,  that if any of the foregoing ceases to be a Primary
Treasury Dealer, Textron shall substitute another Primary Treasury Dealer and (b) any
other Primary Treasury Dealers selected by Textron.

 

“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury
Dealer and the redemption of Notes of either series on a Redemption Date
therefor, the average, as determined by Textron, of the bid and asked prices
for the Comparable Treasury Issue for the Notes of such series (expressed in
each case as a percentage of its principal amount) which such Reference
Treasury Dealer quotes in writing to the Trustee at 5:00 p.m., New York
City time, on the third Business Day before such Redemption Date.

 

(h)           The
notice of redemption of the Notes may summarize the method by which the
Redemption Price will be determined rather than state the actual dollar amount.

 

(i)            Upon
the occurrence of a Change of Control Triggering Event (as defined herein) with
respect to the Notes of a series, unless Textron has exercised its right to
redeem the Notes of such series pursuant to paragraph (g) hereof, each
Holder of the Notes of such series will have the right to require Textron to
repurchase all or any part (equal to $2,000 or an integral multiple of $1,000
in excess thereof) of such Holder’s Notes as 

 

 

provided
herein (the “Change of Control Offer”) at a purchase price equal to 101% of the
aggregate principal amount of such Notes plus accrued and unpaid interest, if
any, on such Notes to the date of purchase (the “Change of Control Payment”).

 

Within 30 days
following any Change of Control Triggering Event with respect to the Notes of a
series, Textron shall send, by first class mail, a notice to each Holder of
such Notes, with a written copy to the Trustee, which notice shall govern the
terms of the Change of Control Offer. Such notice shall state:

 

(i)        a description of the transaction or transactions that
constitute such Change of Control Triggering Event;

 

(ii)       that the Change of Control Offer is being made pursuant to
this paragraph (i) and that all Notes validly tendered will be accepted
for payment;

 

(iii)      the Change of Control Payment and the Change of Control
Payment Date, which shall be a Business Day that is no earlier than 30 days nor
later than 60 days from the date such notice is mailed, other than as may be
required by law;

 

(iv)      that any Note not tendered will continue to accrue interest;

 

(v)       that any Note accepted for payment pursuant to the Change of
Control Offer shall cease to accrue interest on and after the Change of Control
Payment Date unless Textron shall default in the Change of Control Payment and
the only remaining right of the Holder thereof is to receive the Change of
Control Payment upon surrender of such Note to the Paying Agent;

 

(vi)      that Holders of Notes electing to have a portion of a Note
purchased pursuant to a Change of Control Offer may only elect to have such
Note purchased in a principal amount of $2,000 or integral multiples of $1,000
in excess thereof;

 

(vii)     that if a Holder of Notes elects to have its Notes purchased
pursuant to the Change of Control Offer it will be required to surrender such
Notes, with the form entitled “Option of Holder to Elect Purchase” on the
reverse of such Notes completed, or transfer by book-entry transfer, to the Paying
Agent at the address specified in the notice prior to the close of business on
the third Business Day prior to the Change of Control Payment Date;

 

(viii)    that a Holder of Notes will be entitled to withdraw its
election if Textron receives, not later than the third Business Day preceding 

 

 

the Change of Control Payment Date, a telegram, telex,
facsimile transmission or letter setting forth the name of such Holder, the
principal amount of Notes such Holder delivered for purchase, and a statement
that such Holder is withdrawing its election to have such Notes purchased; and

 

(ix)       that if Notes are purchased only in part a new Note of the
same type will be issued in a principal amount equal to the unpurchased portion
of the Notes surrendered.

 

On the Change of Control
Payment Date for the Notes of a series, Textron shall, to the extent lawful, (i) accept
for payment all Notes of such series or portions thereof properly tendered
pursuant to the Change of Control Offer, (ii) deposit with the Paying
Agent an amount equal to the Change of Control Payment in respect of all Notes
of such series or portions thereof properly tendered and (iii) deliver or
cause to be delivered to the Trustee for cancellation the Notes of such series
properly accepted together with an Officers’ Certificate stating the aggregate
principal amount of Notes or portions thereof being purchased by Textron. The
Paying Agent shall promptly mail to each Holder of Notes properly tendered the
Change of Control Payment for such Notes, and the Trustee, upon receipt of an
order from Textron, shall promptly authenticate and mail (or cause to be
transferred by book entry) to such Holder a new Note equal in principal amount
to any unpurchased portion of the Notes surrendered by such Holder, if any, in
denominations as set forth in the Indenture. Textron shall comply with the
requirements of Rule 14e-1 under the Exchange Act and any other securities
laws and regulations thereunder to the extent such laws and regulations are
applicable in connection with the repurchase of Notes as a result of a Change
of Control Triggering Event. To the extent that the provisions of any
securities laws or regulations conflict with this paragraph (i), Textron will
comply with the applicable securities laws and regulations and will not be
deemed to have breached its obligations under this paragraph (i) by virtue
of such conflicts.

 

For all purposes hereof:

 

“Below Investment Grade Rating Event  “
means the ratings on the Notes of a series are lowered by each of the Rating Agencies
and the Notes of such series are rated below an Investment Grade Rating by each
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 the Change of
Control (which 60-day period shall be extended so long as the rating of the
Notes of such series is under publicly announced consideration for possible
downgrade by any of the Rating Agencies); provided that a Below Investment
Grade Rating 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 Below Investment Grade Rating
Event for purposes of the definition of Change of Control Triggering 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 or Textron in writing at the Trustee’s or Textron’s 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 Below Investment Grade Rating Event).

 

“Capital Stock” of any Person means any and all shares,
interests, rights to purchase, warrants, options, participation or other
equivalents of or interests in (however designated) equity of such Person,
including any preferred stock and limited liability or partnership interests
(whether general or limited), but excluding any debt securities convertible
into such equity.

 

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

 

(a)  the direct or indirect sale, transfer, conveyance
or other disposition (other than by way of merger or consolidation), in one or
a series of related transactions, of all or substantially all of Textron’s
properties or assets and of Textron’s subsidiaries’ properties or assets taken
as a whole to any Person or group of related “persons” (as that term is used in
Section 13(d)(3) of the Exchange Act) (a “Group”) other than Textron
or one of Textron’s subsidiaries;

 

(b) 
the adoption of a plan relating to liquidation or dissolution of Textron;

 

(c) 
the consummation of any transaction (including, without limitation, any merger
or consolidation) the result of which is that any Person or Group becomes the
beneficial owner, directly or indirectly, of more than 50% of the then
outstanding number of shares of Textron’s Voting Stock; or

 

(d) 
the first day on which a majority of the members of Textron’s Board of
Directors are not Continuing Directors.

 

Notwithstanding the
foregoing, a transaction will not be considered to be a Change of Control if (1) Textron
becomes a direct or indirect wholly owned subsidiary of a holding company and (2) immediately
following that transaction, (A) the direct or indirect holders of the
Voting Stock of the holding company are substantially the same as the holders
of Textron’s Voting Stock immediately prior to that transaction or (B) no Person
or Group is the beneficial owner, directly or indirectly, of more than 50% of 

 

 

the Voting Stock of the
holding company.

 

“Change of Control Triggering Event” means, with respect to the
Notes of a series, the occurrence of both a Change of Control and a Below
Investment Grade Rating Event.

 

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

 

“Fitch” means Fitch Ratings or its successor.

 

“Investment Grade Rating” means a rating equal to or higher than
BBB- (or the equivalent) by Fitch, Baa3 (or the equivalent) by Moody’s and BBB-
(or the equivalent) by S&P.

 

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

 

“Person” means any individual, corporation, partnership, joint
venture, association, joint stock company, trust, unincorporated organization,
limited liability company, government or any agency or political subdivision
thereof or any other entity, and includes a “person” as used in Section 13(d)(3) of
the Exchange Act.

 

“Rating Agencies” means, with respect to the Notes of a series, (1) each
of Fitch, Moody’s and S&P and (2) if any of Fitch, Moody’s or S&P
ceases to rate the Notes or fails to make a rating of the Notes of that
publicly available for reasons outside of Textron’s control, a “nationally
recognized statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under
the Exchange Act selected by Textron (as certified by a resolution of Textron’s
Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or
all of them, as the case may be.

 

“S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc. or its successor.

 

“Voting Stock”
of a Person means all classes of Capital Stock of such Person then outstanding
and normally entitled to vote in the election of directors, managers or
trustees, as applicable.

 

(j)            The
Notes of each series shall not be subject to any optional or mandatory sinking
fund.

 

 

(k)           The
Notes of each series shall be issued only in registered form without coupons.

 

(l)            The
Notes of each series shall be issuable in definitive form as prescribed by the
Indenture.

 

(m)          The
Notes of each series shall be represented by one or more Global Securities in
the form attached as Exhibit A.

 

(n)           Textron
will not pay additional amounts on the Notes of either series held by a Person
who is not a United States Person in respect of any tax, assessment or
governmental charge withheld or deducted.

 

(o)           Without
notice to or consent of any Holder of Notes of a series, Textron may, from time
to time and at any time, issue and sell additional Notes of such series with
the same applicable terms and conditions as set forth above (or the same
applicable terms and conditions except for the payment of interest accruing
prior to the issue date of the additional Notes of such series or except for
the first payment of interest following the issue date of the additional Notes
of such series).

 

(p)           The
Trustee shall be the registrar and transfer agent for the Notes and the paying
agent of Textron for the payment of the principal of and interest on the Notes
of each series; the Trustee shall select an Authenticating Agent; and the
register for the Notes of each series shall be kept, and notices and demands to
or upon Textron in respect of the Notes of each series and the Indenture may be
served, at the principal corporate trust office of the Trustee in the Borough
of Manhattan, The City of New York, New York.

 

Terms capitalized herein and not otherwise defined
shall have the meanings assigned to them in the Indenture.

 

 

IN WITNESS WHEREOF, Textron Inc., through the
undersigned officers, signed this certificate and affixed the corporate seal of
Textron Inc.

 

	
  Dated: September 17,
  2009

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TEXTRON INC.

  
	
   

  	
   

  
	
   

  	
  /s/ Mary F. Lovejoy

  
	
   

  	
  Name:

  	
  Mary F. Lovejoy

  
	
   

  	
  Title:

  	
  Vice President and
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Ann T. Willaman

  
	
   

  	
  Name:

  	
  Ann T. Willaman

  
	
   

  	
  Title:

  	
  Assistant Secretary

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