Document:

EX-4.1

 Exhibit 4.1 

 
  

 
 CHASE ISSUANCE TRUST

 as Issuing Entity 
 SUPPLEMENTAL INDENTURE 
 with respect to Additional Class A(2013-4) Notes

 dated as of June 11, 2013 
 to 
 CLASS A(2013-4) TERMS DOCUMENT 

dated as of May 23, 2013 
 to 
 AMENDED AND RESTATED 

CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to 

THIRD AMENDED AND RESTATED 
 INDENTURE 
 dated as of December 19, 2007 

WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	PAGE	 
	 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL

 
 APPLICATION
	   
 
   

			
	 Section 1.1
	  	 Definitions
	  	 	1	  
			
	 Section 1.2
	  	 Governing Law
	  	 	2	  
			
	 Section 1.3
	  	 Counterparts
	  	 	2	  
			
	 Section 1.4
	  	 Ratification of Indenture, Indenture Supplement and Terms Document
	  	 	2	  
			
	 Section 1.5
	  	 Full Force and Effect of Terms Document
	  	 	2	  
	
	ARTICLE II THE ADDITIONAL CLASS A(2013-4) NOTES	  
			
	 Section 2.1
	  	 Terms and Issuance
	  	 	3	  
			
	 Section 2.2
	  	 Modification of Defined Terms
	  	 	3	  
			
	 Section 2.3
	  	 First Interest Payment Date
	  	 	3	  
			
	 Section 2.4
	  	 Form of Delivery of Additional Class A(2013-4) Notes; Depository; Denominations
	  	 	3	  
			
	 Section 2.5
	  	 Delivery and Payment for the Additional Class A(2013-4) Notes
	  	 	4	  
			
	 Section 2.6
	  	 Supplemental Indenture
	  	 	4	  

 THIS SUPPLEMENTAL INDENTURE WITH RESPECT TO ADDITIONAL CLASS A(2013-4) NOTES (this
“Supplemental Indenture”), by and between the CHASE ISSUANCE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust
Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and collateral agent (the
“Collateral Agent”), is made and entered into as of June 11, 2013 and hereby modifies and supplements the Class A(2013-4) Terms Document (the “Terms Document”) entered into by the Issuing Entity, the Indenture
Trustee and the Collateral Agent as of May 23, 2013. 
 WHEREAS, the Issuing Entity and the Indenture Trustee have created,
pursuant to the Terms Document, a Tranche of CHASEseries Class A Notes known as the “CHASEseries Class A(2013-4) Notes.” 
 WHEREAS, pursuant to Section 3.10(c) of the Indenture, the Issuing Entity and the Indenture Trustee shall issue the Additional Class A(2013-4) Notes (as defined below) that shall be identical in all
respects to all other Outstanding Class A(2013-4) Notes, except as noted in Section 2.2 and Section 2.3 herein, and will be equally and ratably entitled to the benefits of the Indenture and the Indenture Supplement as all other Outstanding
Class A(2013-4) Notes without preference, priority or distinction. 
 NOW, THEREFORE, in connection with the issuance of the
Additional Class A(2013-4) Notes, the Issuing Entity and the Indenture Trustee enter into this Supplemental Indenture. 
 ARTICLE
I 
 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.1 Definitions. For all purposes of this Supplemental Indenture, except as otherwise expressly provided or unless the
context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned to them in this Article, and
include the plural as well as the singular; and 
 (b) all other terms used herein which are defined in the Indenture
Supplement, the Indenture, the Asset Pool Supplement or the Terms Document, either directly or by reference therein and are not modified by Section 2.2 hereof, have the meanings assigned to them therein. 

“Additional Class A(2013-4) Notes” means the $235,000,000 principal amount Class A(2013-4) Notes described in this
Supplemental Indenture, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2013-4) Note and duly executed and authenticated in accordance with the Indenture. 

 “Additional Issuance Date” means June 11, 2013. 

Section 1.2 Governing Law. THIS SUPPLEMENTAL INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 1.3 Counterparts. This Supplemental Indenture may be executed in any number of counterparts, each of which so executed
will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
 Section
1.4 Ratification of Indenture, Indenture Supplement and Terms Document. As supplemented by this Supplemental Indenture, each of the Indenture, the Asset Pool Supplement, the Indenture Supplement and the Terms Document is in all respects
ratified and confirmed and the Indenture as so supplemented by the Asset Pool Supplement, the Indenture Supplement as so supplemented by the Terms Document and the Terms Document and so supplemented by this Supplemental Indenture shall be read,
taken and construed as one and the same instrument. 
 Section 1.5 Full Force and Effect of Terms Document. All terms and
conditions of the Terms Document not changed hereby shall remain in full force and effect. 
 [END OF ARTICLE I] 

 ARTICLE II 
 THE ADDITIONAL CLASS A(2013-4) NOTES 
 Section 2.1 Terms and Issuance. The
Additional Class A(2013-4) Notes shall form a part of the same tranche as, be fungible with, and be identical in all respects to, all other Outstanding Class A(2013-4) Notes, except as noted in Section 2.2 and Section 2.3 herein, and will
be equally and ratably entitled to the benefits of the Indenture, the Indenture Supplement and the Terms Document as all other Outstanding Class A(2013-4) Notes without preference, priority or distinction. The Additional Class A(2013-4) Notes shall
be issued pursuant to the Indenture, the Indenture Supplement, the Terms Document and this Supplemental Indenture on the Additional Issuance Date. 
 Section 2.2 Modification of Defined Terms. Upon issuance of the Additional Class A(2013-4) Notes, all references in the Terms Document to the Class A(2013-4) Notes shall include the Additional
Class A(2013-4) Notes and each of the following terms, as used in the Terms Document, shall have the respective meanings set forth below: 
 “Controlled Accumulation Amount” means $90,416,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve months pursuant to
Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2013-4) Notes will be the amount specified in the definition of “Controlled Accumulation
Amount” in the Indenture Supplement. 
 “Initial Dollar Principal Amount” means $1,085,000,000.

 “Record Date” means, for any Note Transfer Date, the last Business Day of the preceding Monthly Period;
provided, that the Record Date for the Additional Class A(2013-4) notes for the first Interest Payment Date will be June 11, 2013. 
 “Stated Principal Amount” means $1,085,000,000. 
 Section 2.3
First Interest Payment Date. The amount of interest due on June 17, 2013, the first Interest Payment Date with respect to the Additional Class A(2013-4) Notes, shall be an amount equal to the product of (x) the Outstanding Dollar
Principal Amount of the Additional Class A(2013-4) Notes on the Additional Issuance Date, (y) 25 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2013-4) Notes determined on May 21, 2013. 

Section 2.4 Form of Delivery of Additional Class A(2013-4) Notes; Depository; Denominations. 

(a) The Additional Class A(2013-4) Notes shall each be delivered in the form of a global Registered Note as provided in Sections 2.02 and
3.01(i) of the Indenture, respectively. 

 (b) The Depository for the Additional Class A(2013-4) Notes shall be The Depository Trust
Company, and the Additional Class A(2013-4) Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Additional Class A(2013-4) Notes will be issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. 

Section 2.5 Delivery and Payment for the Additional Class A(2013-4) Notes. The Issuing Entity shall execute and deliver the
Additional Class A(2013-4) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Additional Class A(2013-4) Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 

Section 2.6 Supplemental Indenture. The Issuing Entity may enter into a supplemental indenture with respect to the Class A(2013-4)
Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the Class A(2013-4) Notes shall, in addition to the
requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change in credit enhancement will not result in a Ratings Effect with
respect to any Outstanding Notes of the CHASEseries. 
 [END OF ARTICLE II] 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the day and year first above written. 
  

					
	CHASE ISSUANCE TRUST
		
	By:	 	CHASE BANK USA,
		 	NATIONAL ASSOCIATION,
		 	as Beneficiary and not in its individual capacity
		
	By:	 	 /s/ David A. Penkrot

		 	Name:	 	David A. Penkrot
		 	Title:	 	Senior Vice President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Indenture Trustee and Collateral Agent
		
	By:	 	 /s/ Cheryl C. Zimmerman

		 	Name:	 	Cheryl C. Zimmerman
		 	Title:	 	Vice President

 Supplemental Indenture 
 CHASEseries Additional Class A(2013-4) REOPEN Notes IssuanceEX-4.1

 Exhibit 4.1 

 
  
 FLOATING RATE SENIOR NOTES DUE 2014 
 0.950% SENIOR NOTES DUE 2016

 1.850% SENIOR NOTES DUE 2018 
 3.200% SENIOR NOTES DUE 2023 
 4.500% SENIOR NOTES DUE 2043

 NINTH SUPPLEMENTAL INDENTURE 
 between 
 BAXTER INTERNATIONAL INC., 

as Issuer 

and 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 
 as Trustee 
 Dated as of June 11, 2013 

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE 1 Definitions	  	 	1	  
			
	Section 1.01.	  	Definition of Terms	  	 	1	  
		
	ARTICLE 2 The Notes	  	 	2	  
			
	Section 2.01.	  	Designation	  	 	2	  
	Section 2.02.	  	Principal Amount; Series Treatment	  	 	2	  
	Section 2.03.	  	Maturity	  	 	3	  
	Section 2.04.	  	Interest	  	 	3	  
	Section 2.05.	  	Form of Notes	  	 	4	  
	Section 2.06.	  	Transfer Restrictions	  	 	5	  
	Section 2.07.	  	Transfers and Exchanges	  	 	6	  
		
	ARTICLE 3 Redemption Of The Notes	  	 	6	  
			
	Section 3.01.	  	Optional Redemption by Company	  	 	6	  
	Section 3.02.	  	Special Mandatory Redemption by Company	  	 	6	  
		
	ARTICLE 4 Change of Control	  	 	6	  
			
	Section 4.01.	  	Offer to Purchase Upon Change of Control Triggering Event	  	 	6	  
		
	ARTICLE 5 Execution Of The Notes	  	 	6	  
			
	Section 5.01.	  	Execution; Certificates	  	 	6	  
		
	ARTICLE 6 Miscellaneous	  	 	6	  
			
	Section 6.01.	  	Ratification of Indenture	  	 	6	  
	Section 6.02.	  	Trustee Not Responsible for Recitals	  	 	7	  
	Section 6.03.	  	Governing Law	  	 	7	  
	Section 6.04.	  	Separability	  	 	7	  
	Section 6.05.	  	Counterparts	  	 	7	  

  
 -i-

 NINTH SUPPLEMENTAL INDENTURE, dated as of June 11, 2013 (the “Supplemental
Indenture”), between Baxter International Inc., a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as
Trustee, under the Indenture, dated as of August 8, 2006 (the “Indenture”), between the Company and the Trustee. 
 WHEREAS, the Company executed and delivered the Indenture to the Trustee to provide for, among other things, the issuance from time to time of the Company’s debt securities in one or more series as
might be authorized under the Indenture; 
 WHEREAS, the Indenture provides that the Company and the Trustee may enter into an
indenture supplemental to the Indenture to establish the form and terms of any series of Securities (as defined in the Indenture) as provided by Sections 2.01 and 3.01 of the Indenture; 

WHEREAS, the Board of Directors of the Company has duly adopted resolutions authorizing the Company to issue the Securities provided for
in this Supplemental Indenture; 
 WHEREAS, the Company desires to enter into this Supplemental Indenture to provide for the
establishment of five series of Securities (as defined in the Indenture) to be known as the (i) Floating Rate Senior Notes due 2014 (the “Floating Rate Notes”), (ii) 0.950% Senior Notes due 2016 (the “2016
Notes”), (iii) 1.850% Senior Notes due 2018 (the “2018 Notes”), (iv) 3.200% Senior Notes due 2023 (the “2023 Notes”) and (v) 4.500% Senior Notes due 2043 (the “2043 Notes,”
collectively with the 2016 Notes, the 2018 Notes and the 2023 Notes, the “Fixed Rate Notes”), the form, substance, terms, provisions and conditions of which shall be set forth in the Indenture and this Supplemental Indenture;

 WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture and satisfy all
requirements necessary to make (i) this Supplemental Indenture a valid instrument in accordance with its terms and (ii) the Securities provided for hereby, when executed and delivered by the Company and authenticated by the Trustee, the
valid obligations of the Company. 
 NOW THEREFORE, each party agrees as follows for the benefit of the other parties and for
the equal and ratable benefit of the Holders of the Notes: 
 ARTICLE 1 

Definitions 

Section 1.01. Definition of Terms. 
 Unless the context otherwise requires: 
 (a) a term defined in the Indenture has
the same meaning when used in this Supplemental Indenture unless the definition of such term is amended and supplemented pursuant to this Supplemental Indenture; 
 (b) a term defined anywhere in this Supplemental Indenture has the same meaning throughout; 

  
 1 

 (c) the singular includes the plural and vice versa; 

(d) a reference to a Section or Article is to a Section or Article of this Supplemental Indenture; 

(e) headings are for convenience of reference only and do not affect interpretation; 

(f) the following terms have the meanings given to them in this Section 1.01(f): 

“Closing Date” means June 11, 2013. 
 “Company” shall have the meaning set forth in the first paragraph hereof. 
 “Depositary” means the clearing agency registered under the Exchange Act that is designated to act as the Depositary for the Global Notes. The Depository Trust Company shall be the
initial Depositary, until a successor shall have been appointed and become such pursuant to the applicable provisions of the Indenture, and thereafter, “Depositary” shall mean or include such successor. 

“Global Notes” shall have the meaning set forth in Section 2.05(b). 

“Initial Notes” means (i) all Notes of each series issued on the first date that Notes were originally issued under
this Supplemental Indenture and (ii) any Notes of such series issued in replacement therefor. 
 “Notes”
means the Floating Rate Notes and the Fixed Rate Notes and shall include any Global Note. 
 ARTICLE 2 

The Notes 

Section 2.01. Designation. The Company hereby establishes (a) a series of Securities designated the “Floating Rate
Senior Notes due 2014,” (b) a series of Securities designated the “0.950% Senior Notes due 2016,” (c) a series of Securities designated the “1.850% Senior Notes due 2018,” (d) a series of Securities designated
the “3.200% Senior Notes due 2023” and (e) a series of Securities designated the “4.500% Senior Notes due 2043” for issuance under the Indenture. 
 Section 2.02. Principal Amount; Series Treatment. 
 (a) The Floating
Rate Notes shall be initially limited to an aggregate principal amount of $500,000,000, the 2016 Notes shall be initially limited to an aggregate principal amount of $500,000,000, the 2018 Notes shall be initially limited to an aggregate principal
amount of $750,000,000, the 2023 Notes shall be initially limited to an aggregate principal amount of $1,250,000,000 and the 2043 Notes shall be initially limited to an aggregate principal amount of $500,000,000. The Company may, from time to time,
without the consent of the Holders of any series of Notes, issue additional Notes of any series, so that such additional Notes and the outstanding Notes of such series will be consolidated together and form a single series of

  
 2 

 
Securities under the Indenture as supplemented by this Supplemental Indenture. Any increase in the aggregate principal amount of any series of Notes shall be evidenced by an Officers’
Certificate to be delivered to the Trustee, without any further action by the Company. 
 (b) Any additional Notes issued under
Section 2.02(a) shall have the same terms in all respects as the corresponding series of Notes, except that interest will accrue on the additional Notes from the most recent date to which interest has been paid on the Notes of such
series (other than the additional Notes) or if no interest has been paid on the outstanding Notes of such series from the first date that the outstanding Notes were originally issued under the Indenture, as supplemented by this Supplemental
Indenture. 
 (c) For all purposes of the Indenture and this Supplemental Indenture, all Floating Rate Notes, whether Initial
Notes, or additional Notes issued under Section 2.02(a), shall constitute one series of Securities and shall vote together as one series of Securities. 
 (d) For all purposes of the Indenture and this Supplemental Indenture, all 2016 Notes, whether Initial Notes, or additional Notes issued under Section 2.02(a), shall constitute one series of
Securities and shall vote together as one series of Securities. 
 (e) For all purposes of the Indenture and this Supplemental
Indenture, all 2018 Notes, whether Initial Notes, or additional Notes issued under Section 2.02(a), shall constitute one series of Securities and shall vote together as one series of Securities. 

(f) For all purposes of the Indenture and this Supplemental Indenture, all 2023 Notes, whether Initial Notes, or additional Notes issued
under Section 2.02(a), shall constitute one series of Securities and shall vote together as one series of Securities. 
 (g) For all purposes of the Indenture and this Supplemental Indenture, all 2043 Notes, whether Initial Notes, or additional Notes issued under Section 2.02(a), shall constitute one series of
Securities and shall vote together as one series of Securities. 
 (h) The Notes shall be issued in minimum denominations of
$2,000 and integral multiples of $1,000 in excess thereof. 
 Section 2.03. Maturity. The Floating Rate Notes will
become due and payable on December 11, 2014, the 2016 Notes will become due and payable on June 1, 2016, the 2018 Notes will become due and payable on June 15, 2018, the 2023 Notes will become due and payable on June 15, 2023 and
the 2043 Notes will become due and payable on June 15, 2043. 
 Section 2.04. Interest. The Floating Rate Notes
will accrue interest at a variable rate reset each interest period based on the three-month LIBOR rate plus 0.170%, payable quarterly on March 11, June 11, September 11 and December 11 of each year, beginning on
September 11, 2013, as described in the form of Note set forth as Exhibit A. Interest on the 2016 Notes will accrue at a rate of 0.950% per annum, from June 11, 2013 until the principal thereof becomes due and payable or to the
date of redemption or repurchase (if any) of the Notes, such interest to be payable semi-annually on June 1 and December 1 of each year, to the Holders of record of the Notes as of the close of business on the May 15 and
November 15 preceding such interest payment dates, commencing, in the case of the Initial Notes or any additional Notes issued prior 

  
 3 

 
to such date, on December 1, 2013. Interest on the 2018 Notes will accrue at a rate of 1.850% per annum, interest on the 2023 Notes will accrue at a rate of 3.200% per annum and
interest on the 2043 Notes will accrue at a rate of 4.500% per annum, from June 11, 2013 until the principal thereof becomes due and payable or to the date of redemption or repurchase (if any) of the Notes, such interest to be payable
semi-annually on June 15 and December 15 of each year, to the Holders of record of the Notes as of the close of business on the June 1 and December 1 preceding such interest payment dates, commencing, in the case of the Initial
Notes or any additional Notes issued prior to such date, on December 15, 2013. 
 Section 2.05. Form of Notes.

 (a) The Notes shall contain the terms set forth in, and shall be substantially in the forms of, Exhibit A with respect
to the Floating Rate Notes, Exhibit B with respect to the 2016 Notes, Exhibit C with respect to the 2018 Notes, Exhibit D with respect to the 2023 Notes and Exhibit E with respect to the 2043 Notes, each as attached
hereto. The terms and provisions contained in the forms of Notes set forth in Exhibits A, B, C, D and E shall constitute, and are hereby expressly made, a part of the Indenture, as supplemented by this Supplemental
Indenture. 
 Any of the Notes may have such letters, numbers or other marks of identification and such notations, legends,
endorsements or changes as the Authorized Officers executing the same may approve (execution thereof to be conclusive evidence of such approval) and as are not inconsistent with the provisions of the Indenture, as supplemented by this Supplemental
Indenture, or as may be required by the Depositary or as may be required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system
on which the Notes may be listed, or to conform to usage, or to indicate any special limitations or restrictions to which any particular Notes are subject. 
 (b) So long as the Notes are eligible for book-entry settlement with the Depositary, or unless otherwise required by law, or otherwise contemplated herein, each series of the Notes shall be represented by
one or more Notes in global form registered in the name of the Depositary or the nominee of the Depositary. 
 The Notes shall
be issued initially in the form of one or more permanent Global Securities in registered form, substantially in the forms set forth in Exhibits A, B, C, D and E, as applicable (the “Global Notes”),
respectively, each registered in the name of the nominee of the Depositary, deposited with the Trustee, as custodian for the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate principal
amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, in accordance with the instructions given by the Holder thereof, as
hereinafter provided. 
 The transfer and exchange of beneficial interests in any such Global Note shall be effected through the
Depositary in accordance with the Indenture and the applicable procedures of the Depositary. Except as provided in the Indenture, beneficial owners of a Global Note shall not be entitled to have certificates registered in their names, will not
receive or be entitled to receive physical delivery of certificates in definitive form and will not be considered Holders of such Global Note. 

  
 4 

 Any Global Note shall represent such of the Outstanding Notes as shall be specified therein
and shall provide that it shall represent the aggregate amount of Outstanding Notes from time to time endorsed thereon and that the aggregate amount of Outstanding Notes represented thereby may from time to time be increased or reduced to reflect
redemptions, transfers or exchanges permitted hereby. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the amount of outstanding Notes represented thereby shall be made by the Trustee in such manner and upon
instructions given by the Holder of such Notes in accordance with the Indenture and this Supplemental Indenture. Payment of principal of and interest and premium, if any, on any Global Note shall be made to the Holder of such Note. 

Section 2.06. Transfer Restrictions. The following provisions shall apply only to a Global Note: 

(i) Each Global Note authenticated under this Supplemental Indenture shall be registered in the name of the Depositary or
a nominee thereof and delivered to such Depositary or a nominee thereof or Trustee if the Trustee is acting as custodian for the Depositary or its nominee with respect to such Global Note, and each such Global Note shall constitute a single Note,
for the applicable series, for all purposes of the Indenture and this Supplemental Indenture. 
 (ii)
Notwithstanding any other provision in this Supplemental Indenture, no Global Note may be exchanged in whole or in part for Notes registered, and no transfer of a Global Note in whole or in part may be registered, in the name of any Person other
than the Depositary or a nominee thereof except as provided in Section 3.05 of the Indenture. Any Note issued in exchange for a Global Note or any portion thereof shall be a Global Note; provided that any such Note so issued that is registered
in the name of a Person other than the Depositary or a nominee thereof shall not be a Global Note. 
 (iii)
Securities issued in exchange for a Global Note or any portion thereof pursuant to clause (ii) above shall be issued pursuant to Section 3.05 of the Indenture. 

(iv) At such time as all interests in a Global Note have been redeemed, repurchased, converted, canceled or exchanged for
Notes (of an applicable series) in certificated form, such Global Note shall, upon receipt thereof, be canceled by the Trustee in accordance with standing procedures and instructions existing between the Depositary and the Trustee. At any time prior
to such cancellation, if any interest in a Global Note is redeemed, repurchased, converted, canceled or exchanged for Notes (of an applicable series) in certificated form, the principal amount of such Global Note shall, in accordance with the
standing procedures and instructions existing between the Depositary and the Trustee, be appropriately reduced, and an endorsement shall be made on such Global Note, by the Trustee or at the direction of the Trustee, to reflect such reduction.

  
 5 

 Section 2.07. Transfers and Exchanges. Each series of the Notes shall be
transferred and exchanged by the Holders thereof and the Trustee in accordance with the terms and conditions set forth in Section 3.05 of the Indenture. 
 ARTICLE 3 
 Redemption Of The Notes 

Section 3.01. Optional Redemption by Company. Except for the Floating Rate Notes, each series of the Notes may be redeemed at
the option of the Company on the terms and conditions set forth, as applicable, in the forms of Note set forth as Exhibits B, C, D and E. 
 Section 3.02. Special Mandatory Redemption by Company. Except for the 2018 Notes, each series of the Notes shall be redeemed by the Company on the terms and conditions set forth, as
applicable, in the forms of Note set forth as Exhibits A, B, D and E. Notwithstanding Section 4.02 of the Indenture, any notice of Special Mandatory Redemption may be given by the Company pursuant to the terms of the
Floating Rate Notes, 2016 Notes, 2023 Notes or 2043 Notes, or may be given, at the Company’s direction, which direction is delivered to the Trustee at least three Business Days (or such lesser number of Business Days as the Trustee shall
approve) prior to the date such notice of Special Mandatory Redemption is to be given, by the Trustee in the name and at the expense of the Company. 
 ARTICLE 4 
 Change of Control 

Section 4.01. Offer to Purchase Upon Change of Control Triggering Event. Upon the occurrence of a Change of Control
Triggering Event (as defined in the forms of Note set forth as Exhibits A, B, C, D and E), and unless the Company has exercised its option to redeem a series of the Notes pursuant to Section 3.01, the
Company shall be required to make an offer to each holder of such series of the Notes to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that holder’s Notes on the terms and conditions set
forth, as applicable, in the forms of Note set forth as Exhibits A, B, C, D and E. 
 ARTICLE
5 
 Execution Of The Notes 
 Section 5.01. Execution; Certificates. The Notes and any Officers’ Certificate to be delivered under the Indenture in connection with the authentication and delivery of the Notes shall be
executed and delivered as set forth in the Indenture. 
 ARTICLE 6 

Miscellaneous 

Section 6.01. Ratification of Indenture. 
 The Indenture, as supplemented by this Supplemental Indenture, is in all respects ratified and confirmed, and this Supplemental Indenture shall be deemed part of the Indenture in the manner and to the
extent herein and therein provided. 

  
 6 

 Section 6.02. Trustee Not Responsible for Recitals. 

The recitals herein contained are made by the Company and not by the Trustee, and the Trustee assumes no responsibility for the
correctness thereof. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture. 

Section 6.03. Governing Law. 
 This Supplemental Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York, as applied to contracts made and performed within the State of New York,
without regard to principles of conflicts of law. 
 Section 6.04. Separability. 

In case any one or more of the provisions contained in this Supplemental Indenture or in the Notes shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Supplemental Indenture or of the Notes, but this Supplemental Indenture and the Notes shall be construed
as if such invalid or illegal or unenforceable provision had never been contained herein or therein. 
 Section 6.05.
Counterparts. 
 This Supplemental Indenture may be executed in any number of counterparts each of which shall be an
original; but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and
delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original
signatures for all purposes. 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Ninth Supplemental Indenture
to be duly executed as of the date first above written. 
  

			
	BAXTER INTERNATIONAL INC.
		
	By:	 	 /s/ James K. Saccaro

	Name:	 	James K. Saccaro
	Title:	 	Corporate Vice President
		 	and Treasurer
	
	 THE BANK OF NEW YORK MELLON TRUST
 COMPANY, N.A., as Trustee

		
	By:	 	 /s/ Lawrence M. Kusch

	Name:	 	Lawrence M. Kusch
	Title:	 	Vice President

 (Signature Page to Supplemental Indenture) 

  
 8 

 EXHIBIT A 
 [FACE OF NOTE] 
 [Each Global Note shall bear the following
legend:]
 [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 THEREOF. THIS 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,
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co., or such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is
required by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.] 

  
 9 

 CUSIP No. 071813 BK4 

ISIN US071813BK45 

BAXTER INTERNATIONAL INC. 
 Floating Rate Senior Notes due 2014 
  

			
	No. A-    	 	$        

 Baxter International Inc., a Delaware corporation (the “Company”), for value received,
hereby promises to pay to                      or registered assigns, at the office or agency of the Company in the City of New York, the principal
sum of          DOLLARS ($        ) on December 11, 2014, in such coin or currency of the United States of America as at the time of payment shall be legal
tender for the payment of public and private debts, and to pay interest from and including June 11, 2013 or the most recent Interest Payment Date (as defined below) as to which interest has been paid, quarterly on
March 11, June 11, September 11 and December 11 of each year (each, an “Interest Payment Date”), commencing on September 11, 2013, on said principal sum at said office or agency, in like coin or
currency, at the rate per annum determined in accordance with the provisions set forth on the reverse hereof, until payment of said principal sum has been made or duly provided for; provided, that payment of interest may be made at the option
of the Company by check mailed to the address of the person entitled thereto as such address shall appear on the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States. 

Notwithstanding the foregoing, if the date hereof is after the 1st day of March, June, September or December, as the case may be, and
before the following March 11, June 11, September 11 or December 11, as the case may be, this Note shall bear interest from such March 11, June 11, September 11 or December 11;
provided, that, if the Company shall default in the payment of interest due on such March 11, June 11, September 11 or December 11, then this Note shall bear interest from the next preceding
March 11, June 11, September 11 or December 11, to which interest has been paid or, if no interest has been paid on these Notes, from June 11, 2013. The interest so payable on any
March 11, June 11, September 11 or December 11, will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close
of business on the March 1, June 1, September 1 or December 1, as the case may be, preceding such March 11, June 11, September 11 or December 11. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any
purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 10 

 IN WITNESS WHEREOF, Baxter International Inc. has caused this instrument to be duly executed
on the date set forth below. 
 Dated: June 11, 2013 

 

			
	BAXTER INTERNATIONAL INC.
		
	By:	 	  

	Name:	 	James K. Saccaro
	Title:	 	 Corporate Vice President

and Treasurer

  
 11 

 (FORM OF CERTIFICATION OF AUTHENTICATION) 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein issued under the within-mentioned Indenture. 
  

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

		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 12 

 REVERSE OF NOTE 

BAXTER INTERNATIONAL INC. 
 Floating Rate Senior Notes due 2014 
 This Note is one of a duly authorized
issue of Securities of the Company of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of August 8, 2006, as supplemented by the Ninth Supplemental Indenture, dated as of June 11,
2013 (both together herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as trustee (herein called the
“Trustee” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities. This Note is one of a series of Securities of the Company designated as the Floating Rate Senior Notes due 2014 (the “Notes”), initially
limited in aggregate principal amount of $500,000,000, subject to the issuance of additional Notes as provided in the Indenture. Terms used but not defined herein shall have the respective meanings set forth in the Indenture. 

If any interest payment date, maturity date or redemption date of this Note falls on a day that is not a Business Day, payment will be
made on the next succeeding Business Day, and no interest will accrue for the period from and after the interest payment date, maturity date or redemption date, as the case may be, to the next succeeding Business Day; provided,
however, that with respect to an interest payment date, if such next succeeding Business Day does not occur in the calendar month of the relevant interest payment date, payment will be made on the Business Day immediately preceding the
applicable interest payment date. As used in this Note, the term “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City of New York are authorized or
obligated by or pursuant to law, regulation or executive order to close. 
 The Indenture contains provisions for the defeasance
at any time of the entire indebtedness of the Notes or certain covenants set forth in the Indenture applicable to the Notes upon compliance by the Company of certain conditions set forth therein, which provisions apply to this Note. 

This Note shall bear interest at a per annum rate equal to the three-month LIBOR rate (as defined below) as determined on the applicable
Interest Determination Date (as defined below) by the Calculation Agent (as defined below) plus 0.170%. Interest shall be calculated based on the actual number of days in each quarterly Interest Period (as defined below) and a 360-day year.

 The rate of interest on this Note will be 0.44515% for the Initial Interest Period and will be reset on the first day of each
Interest Period other than the Initial Interest Period (as defined below) (the date on which each such reset occurs, an “Interest Reset Date”). An “Interest Period” for the Notes means the period commencing on an
Interest Payment Date (or, in the case of the Initial Interest Period, commencing on June 11, 2013) and ending on the day immediately preceding the next following Interest Payment Date. The “Initial Interest Period” will be
June 11, 2013 through September 10, 2013. The “Interest Determination Date” for an Interest Period will be the second London Banking Day preceding the first day of such Interest Period. 

  
 13 

 “LIBOR” will be determined by the Calculation Agent in accordance with the
following provisions: 
 (1) With respect to any Interest Determination Date, LIBOR will be the rate for deposits in United
States dollars having a maturity of three months commencing on the first day of the applicable interest period that appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on that Interest Determination Date. If no rate appears, then
LIBOR, in respect of that Interest Determination Date, will be determined in accordance with the provisions described in (2) below. 
 (2) With respect to an Interest Determination Date on which no rate appears on Reuters Screen LIBOR01 Page, as specified in (1) above, the Company will request the principal London offices of each of
four major reference banks in the London interbank market, as selected by the Company, to provide the Calculation Agent with its offered quotation for deposits in United States dollars for the period of three months, commencing on the first day of
the applicable interest period, to prime banks in the London interbank market at approximately 11:00 a.m., London time, on that Interest Determination Date and in a principal amount that is representative for a single transaction in United States
dollars in that market at that time. If at least two quotations are provided, then LIBOR on that Interest Determination Date will be the arithmetic mean of those quotations. If fewer than two quotations are provided, then LIBOR on the Interest
Determination Date will be the arithmetic mean of the rates quoted at approximately 11:00 a.m., in The City of New York, on the Interest Determination Date by three major banks in The City of New York selected by the Company for loans in United
States dollars to leading European banks, having a three-month maturity and in a principal amount that is representative for a single transaction in United States dollars in that market at that time; provided, however, that if the banks selected by
the Company are not providing quotations in the manner described by this sentence, LIBOR will be the same as the rate determined for the immediately preceding Interest Reset Date. 

“London Banking Day” means any day in which dealings in United States dollars are transacted or, with respect to any
future date, are expected to be transacted in the London inter-bank market. 
 “Reuters Screen LIBOR01 Page”
means the display designated on page “LIBOR01” on Reuters (or such other page as may replace the LIBOR01 page on that service or any successor service for the purpose of displaying London interbank offered rates for U.S. dollar deposits of
major banks). 
 All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one
hundred thousandth of a percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% (or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all dollar amounts used in or resulting from such
calculations will be rounded to the nearest cent (with one-half cent being rounded upwards). 

  
 14 

 The “Calculation Agent” shall be the agent appointed by the Company to
calculate the interest rate on the Notes and will initially be the Trustee. The Calculation Agent shall calculate the interest rate in accordance with the foregoing. On or before each Calculation Date (as defined below), the Calculation Agent will
determine the interest rate and notify the paying agent. All calculations of the Calculation Agent, in the absence of manifest error, shall be conclusive for all purposes and binding on the Company and the Holders of the Notes. The “Calculation
Date” pertaining to any Interest Determination Date on a Note will be the earlier of (i) the tenth calendar day after such Interest Determination Date, or, if any such day is not a Business Day, the next succeeding Business Day, and
(ii) the Business Day immediately preceding the applicable Interest Payment Date. 
 The interest rate on the Notes will in
no event be higher than the maximum rate permitted by New York law as the same may be modified by United States laws of general application. 
 In the event that (i) the Company does not complete the Gambro Acquisition on or prior to March 17, 2014 or (ii) the Share Purchase Agreement is terminated at any time prior to
March 17, 2014, then the Company shall redeem all of the Notes (the “Special Mandatory Redemption”) on the Special Mandatory Redemption Date (as defined below) at a redemption price equal to 101% of the aggregate principal
amount of the Notes (the “Special Mandatory Redemption Price”), plus accrued and unpaid interest to, but not including, the Special Mandatory Redemption Date. The Company shall cause a notice of Special Mandatory Redemption to be
distributed, with a copy to the Trustee, within five Business Days after the occurrence of the event triggering the Special Mandatory Redemption to each holder of Notes. If funds sufficient to pay the Special Mandatory Redemption Price of all
Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, plus accrued and unpaid interest, if any, to the Special Mandatory Redemption Date, the Notes will
cease to bear interest. The provisions relating to Special Mandatory Redemption described above may not be waived or modified without the written consent of holders of at least 90% in principal amount of the Notes outstanding. The notice of Special
Mandatory Redemption shall include the information required by Section 4.02 of the Indenture, and, notwithstanding such Section 4.02, may be given less than 30 days prior to the Special Mandatory Redemption Date, but in no event fewer than
five Business Days prior thereto. 
 For purposes of the Special Mandatory Redemption provisions of the Notes, the following
definitions shall apply: 
 “Gambro Acquisition” means the consummation of the transactions contemplated by the
Share Purchase Agreement. 
 “Special Mandatory Redemption Date” means the earlier to occur of
(i) March 31, 2014, or (ii) the tenth Business Day following the termination of the Share Purchase Agreement. 

“Share Purchase Agreement” means that certain Share Purchase Agreement, dated as of December 4, 2012, by and
between Indap Sweden AB and the Company, as amended on May 29, 2013. 

  
 15 

 If a Change of Control Triggering Event (as defined below) occurs, the Company shall be
required to make an offer (the “Change of Control Offer”) to each holder of the Notes to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that holder’s Notes on the terms set
forth below. In the Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if any, on the Notes repurchased to the
date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the option of the Company, prior to any Change of Control, but after public announcement of the
transaction that constitutes or may constitute the Change of Control, a notice shall be mailed to holders of the Notes describing the transaction that constitutes or may constitute the Change of Control Triggering Event and offering to repurchase
the Notes on the 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 “Change of Control Payment Date”). 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 the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date. 

On the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(1)	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	(2)	deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes
or portions of Notes being repurchased. 

 The Company shall not be required to make a Change of Control Offer
upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party repurchases all Notes
properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default, other than a default in the payment
of the Change of Control Payment upon a Change of Control Triggering Event. 
 The Company shall comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply
with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 

  
 16 

 For purposes of the Change of Control Offer provisions of the Notes, the following
definitions shall apply: 
 “Change of Control” means the occurrence of any of the following: (1) 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), other than the Company or one of its
subsidiaries, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting Stock is
reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the Company’s assets and the assets of its subsidiaries, taken as a whole, to one or more “persons” (as that term is defined in the Indenture), other than the Company or
one of its subsidiaries; (3) the adoption of a plan relating to the Company’s liquidation or dissolution; or (4) the replacement of a majority of the Company’s Board of Directors over a two-year period from the directors who
constituted the Company’s Board of Directors at the beginning of such period, and such replacement directors shall not have been approved by at least a majority of the Company’s Board of Directors then still in office (either by a specific
vote or by approval of a proxy statement in which such member was named as a nominee for election as a director) who either were members of such Board of Directors at the beginning of such period or whose election as a member of such Board of
Directors was previously so approved. Notwithstanding the foregoing, a transaction shall not be deemed to be a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the
direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately
following that transaction no “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more
than 50% of the Voting Stock of such holding company. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Rating Event. 
 “Investment Grade Rating” means a rating equal to
or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies. 

“Moody’s” means Moody’s Investors Service, Inc. 

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

  
 17 

 “Rating Event” means the rating on the Notes is lowered by each of the
Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced
consideration for a possible downgrade by any of the Rating Agencies but no longer than 180 days) after the earlier of (1) the occurrence of a Change of Control and (2) public notice of the Company’s intention to effect a Change of
Control; provided, however, that a 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 Rating
Event for purposes of the definition of Change of Control Triggering Event) 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
the Company’s or 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 has occurred at the time of the Rating Event). 
 “S&P” means Standard & Poor’s
Rating Services, a division of The McGraw-Hill Companies, Inc. 
 “Voting Stock” means, with respect to any
specified “person” (as that term is used in Section 13(d)(3) of the Exchange Act), as of any date, 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. 
 The Company’s obligation to make a Change of Control Offer as set forth herein shall be subject to the covenant
defeasance provisions of Section 13.02(c) of the Indenture. 
 If an Event of Default, with respect to the Notes shall have
occurred and be continuing, the principal of this Note may be declared due and payable in the manner and with the effect set forth in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding of
each series to be affected to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the
Holders of the Notes subject to the limitations set forth in the Indenture. It is also provided in the Indenture that, with respect to certain defaults or Events of Default regarding the Securities of any series, the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of such series may on behalf of the Holders of all the Securities of such series waive any such past default or Event of Default and its consequences. The preceding sentence shall
not, however, apply to a default in the payment of the principal of or premium, if any, or interest on the Notes. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding
upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 

  
 18 

 No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligations of the Company, which are absolute and unconditional, to pay the principal of, and any premium and interest on, this Note in the manner and at the respective times herein provided. 

The Notes are issuable in registered form without coupons in denominations of $2,000 and any multiple of $1,000 in excess thereof. In the
manner and subject to the limitations provided in the Indenture, but without the payment of any service charge, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the
Trustee in the City of New York. 
 There is no sinking fund for the retirement of the Notes. 

Upon due presentment for registration of transfer of this Note at the office or agency of the Trustee in the City of New York, a new Note
or Notes of authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge
imposed in connection therewith. 
 Prior to due presentment for registration of transfer, the Company, the Trustee and any
agent of the Company, or the Trustee may treat the registered Holder hereof as the owner of this Note (whether or not this Note shall be overdue), for the purpose of receiving payment of the principal hereof and premium, if any, and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Company, nor the Trustee nor any agent of the Company, or the Trustee shall be affected by any notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or any indenture supplemental thereto or in
any Note, or because of any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, or of any predecessor or successor, either directly or through the
Company, or any predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released
by the acceptance hereof and as part of the consideration for the issue hereof. 
 This Note is the senior unsecured and
unsubordinated obligation of the Company and will rank on parity with all other unsecured and unsubordinated indebtedness of the Company, including any other Securities issued under the Indenture. 

  
 19 

 [FORM OF TRANSFER NOTICE] 

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

Insert Taxpayer Identification No. 
  

  
  

Please print or typewrite name and address including zip code of assignee 

 
  
  

the within Note and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Note on the books of 

 
  
 the Company with full power of substitution in the premises. 
  

 

			
	By:	 	  

		
	Date:	 	  

  
 20 

 Schedule I 
 [Include as Schedule I only for a Global Note] 
 BAXTER INTERNATIONAL INC.

 Floating Rate Senior Notes due 2014 
 No.     
  

							
	     Date    
	  	 Principal Amount
	  	 Notation Explaining Principal

Amount Recorded
	  	 Authorized Signature of

Trustee or Custodian

	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 

  
 21 

 EXHIBIT B 
 [FACE OF NOTE] 
 [Each Global Note shall bear the following
legend:]
 [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 THEREOF. THIS 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,
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co., or such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is
required by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.] 

  
 22 

 CUSIP No. 071813 BH1 

ISIN US071813BH16 

BAXTER INTERNATIONAL INC. 
 0.950% Senior Notes due 2016 
  

			
	No. B-    	 	$        

 Baxter International Inc., a Delaware corporation (the “Company”), for value received,
hereby promises to pay to                      or registered assigns, at the office or agency of the Company in the City of New York, the principal
sum of          DOLLARS ($        ) on June 1, 2016, in such coin or currency of the United States of America as at the time of payment shall be legal tender
for the payment of public and private debts, and to pay interest, semiannually on June 1 and December 1 of each year, commencing on December 1, 2013, on said principal sum at said office or agency, in like coin or currency, at the
rate per annum specified in the title of this Note, from the June 1 and December 1, as the case may be, next preceding the date of this Note to which interest has been paid, unless the date hereof is a date to which interest has been paid,
in which case from the date of this Note, or unless no interest has been paid on these Notes, in which case from June 11, 2013 until payment of said principal sum has been made or duly provided for; provided, that payment of interest may be
made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear on the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United States.

 Notwithstanding the foregoing, if the date hereof is after the 15th day of May or November, as the case may be, and before the following
June 1 or December 1, as the case may be, this Note shall bear interest from such June 1 or December 1; provided, that, if the Company shall default in the payment of interest due on such June 1 or
December 1, then this Note shall bear interest from the next preceding June 1 or December 1, to which interest has been paid or, if no interest has been paid on these Notes, from June 11, 2013. The interest so payable on any
June 1 or December 1, will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the May 15 or
November 15, as the case may be, preceding such June 1 or December 1. Interest on this Note will be calculated on the basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any
purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 23 

 IN WITNESS WHEREOF, Baxter International Inc. has caused this instrument to be duly executed
on the date set forth below. 
 Dated: June 11, 2013 

 

			
	BAXTER INTERNATIONAL INC.
		
	By:	 	  

	Name:	 	James K. Saccaro
	Title:	 	Corporate Vice President
		 	and Treasurer

  
 24 

 (FORM OF CERTIFICATION OF AUTHENTICATION) 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein issued under the within-mentioned Indenture. 
  

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

		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 25 

 REVERSE OF NOTE 

BAXTER INTERNATIONAL INC. 
 0.950% Senior Notes due 2016 
 This Note is one of a duly authorized issue
of Securities of the Company of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of August 8, 2006, as supplemented by the Ninth Supplemental Indenture, dated as of June 11, 2013
(both together herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as trustee (herein called the
“Trustee” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities. This Note is one of a series of Securities of the Company designated as the 0.950% Senior Notes due 2016 (the “Notes”), initially
limited in aggregate principal amount of $500,000,000, subject to the issuance of additional Notes as provided in the Indenture. Terms used but not defined herein shall have the respective meanings set forth in the Indenture. 

If any interest payment date, maturity date or redemption date of this Note falls on a day that is not a Business Day, payment will be
made on the next succeeding Business Day, and no interest will accrue for the period from and after the interest payment date, maturity date or redemption date, as the case may be, to the next succeeding Business Day. As used in this Note, the term
“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City of New York are authorized or obligated by or pursuant to law, regulation or executive order to
close. 
 The Indenture contains provisions for the defeasance at any time of the entire indebtedness of the Notes or certain
covenants set forth in the Indenture applicable to the Notes upon compliance by the Company of certain conditions set forth therein, which provisions apply to this Note. 
 In the event that (i) the Company does not complete the Gambro Acquisition on or prior to March 17, 2014 or (ii) the Share Purchase Agreement is terminated at any time on or prior to
March 17, 2014, then the Company shall redeem all of the Notes (the “Special Mandatory Redemption”) on the Special Mandatory Redemption Date (as defined below) at a redemption price equal to 101% of the aggregate principal
amount of the Notes (the “Special Mandatory Redemption Price”), plus accrued and unpaid interest to, but not including, the Special Mandatory Redemption Date. The Company shall cause a notice of Special Mandatory Redemption to be
distributed, with a copy to the Trustee, within five Business Days after the occurrence of the event triggering the Special Mandatory Redemption to each holder of Notes. If funds sufficient to pay the Special Mandatory Redemption Price of all
Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, plus accrued and unpaid interest, if any, to the Special Mandatory Redemption Date, the Notes will
cease to bear interest. The provisions relating to Special Mandatory Redemption described above may not be waived or modified without the written consent of holders of at least 90% in principal amount of the Notes outstanding. The

  
 26 

 
notice of Special Mandatory Redemption shall include the information required by Section 4.02 of the Indenture, and, notwithstanding such Section 4.02, may be given less than 30 days
prior to the Special Mandatory Redemption Date, but in no event fewer than five Business Days prior thereto. 
 For purposes of
the Special Mandatory Redemption provisions of the Notes, the following definitions shall apply: 
 “Gambro
Acquisition” means the consummation of the transactions contemplated by the Share Purchase Agreement. 

“Special Mandatory Redemption Date” means the earlier to occur of (i) March 31, 2014, or (ii) the tenth
Business Day following the termination of the Share Purchase Agreement. 
 “Share Purchase Agreement” means
that certain Share Purchase Agreement, dated as of December 4, 2012, by and between Indap Sweden AB and the Company, as amended on May 29, 2013. 
 This Note is redeemable in whole at any time or in part from time to time, at the option of the Company, at a make whole redemption price equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to the redemption
date, and 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on
the principal amount of the Notes to be redeemed (not including any portion of the payment of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate plus 10 basis points, plus accrued and unpaid interest thereon to the date of redemption. 

“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual 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 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 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 the Notes. 
 “Comparable Treasury Price” means,
with respect to any redemption date, (1) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Company obtains
fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 27 

 “Independent Investment Banker” means one of the Reference Treasury Dealers
appointed by the Company. 
 “Reference Treasury Dealers” means (1) Citigroup Global Markets Inc., J.P.
Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer (“Primary
Treasury Dealer”), the Company shall substitute another nationally recognized investment banking firm that is a Primary Treasury Dealer, and (2) at the option of the Company, additional Primary Treasury Dealers selected by the Company.

 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury
Dealer at 5:00 p.m. New York City time on the third Business Day preceding such redemption date. 
 Any redemption made at the
option of the Company (an “Optional Redemption”) shall be made upon not less than 30 nor more than 60 days prior notice before the redemption date to the Holders. If the Notes are only partially redeemed by the Company pursuant to
an Optional Redemption, the Notes will be redeemed by such method as the Trustee shall deem fair and appropriate and in accordance with the Indenture. In the event of redemption of this Note in part only, a new Note or Notes of this series for the
unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes or
portions thereof called for redemption. 
 If a Change of Control Triggering Event (as defined below) occurs, unless the Company
has exercised its option to redeem the Notes (as described above), the Company shall be required to make an offer (the “Change of Control Offer”) to each holder of the Notes to repurchase all or any part (equal to $2,000 or an
integral multiple of $1,000 in excess thereof) of that holder’s Notes on the terms set forth below. In the Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of
Notes repurchased, plus accrued and unpaid interest, if any, on the Notes repurchased to the date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the
option of the Company, prior to any Change of Control, but after public announcement of the transaction that constitutes or may constitute the Change of Control, a notice shall be mailed to holders of the Notes describing the transaction that
constitutes or may constitute the Change of Control Triggering Event and offering to repurchase the Notes on the 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 “Change of Control Payment Date”). 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 the Change of Control Triggering Event occurring
on or prior to the Change of Control Payment Date. 

  
 28 

 On the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(1)	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	(2)	deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes
or portions of Notes being repurchased. 

 The Company shall not be required to make a Change of Control Offer
upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party repurchases all Notes
properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default, other than a default in the payment
of the Change of Control Payment upon a Change of Control Triggering Event. 
 The Company shall comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply
with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 

For purposes of the Change of Control Offer provisions of the Notes, the following definitions shall apply: 

“Change of Control” means the occurrence of any of the following: (1) 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), other than the Company or one of its subsidiaries, becomes the
beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting Stock is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
transactions, of all or substantially all of the Company’s assets and the assets of its subsidiaries, taken as a whole, to one or more “persons” (as that term is defined in the Indenture), other than the Company or one of its
subsidiaries; (3) the adoption of a plan relating to the Company’s liquidation or dissolution; or (4) the replacement of a majority of the Company’s Board of Directors over a two-year period from the directors who constituted the
Company’s Board of Directors at the beginning of such period, and such replacement directors shall not have been approved by at least a majority of the Company’s Board of Directors then still in office (either by a specific vote or by
approval of a proxy statement in which such member was named as a nominee for election as a director) who 

  
 29 

 
either were members of such Board of Directors at the beginning of such period or whose election as a member of such Board of Directors was previously so approved. Notwithstanding the foregoing,
a transaction shall not be deemed to be a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company
immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no “person” (as that term is used
in Section 13(d)(3) of the Exchange Act) (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

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

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or
the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies. 
 “Moody’s” means Moody’s Investors Service, Inc. 

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

“Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the
Rating Agencies but no longer than 180 days) after the earlier of (1) the occurrence of a Change of Control and (2) public notice of the Company’s intention to effect a Change of Control; provided, however, that a 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 Rating Event for purposes of the definition of Change of Control
Triggering Event) 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 the Company’s or 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 has occurred at the time of the Rating Event).

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

  
 30 

 “Voting Stock” means, with respect to any specified “person” (as
that term is used in Section 13(d)(3) of the Exchange Act), as of any date, 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. 

The Company’s obligation to make a Change of Control Offer as set forth herein shall be subject to the covenant defeasance
provisions of Section 13.02(c) of the Indenture. 
 If an Event of Default, with respect to the Notes shall have occurred
and be continuing, the principal of this Note may be declared due and payable in the manner and with the effect set forth in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding of
each series to be affected to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the
Holders of the Notes subject to the limitations set forth in the Indenture. It is also provided in the Indenture that, with respect to certain defaults or Events of Default regarding the Securities of any series, the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of such series may on behalf of the Holders of all the Securities of such series waive any such past default or Event of Default and its consequences. The preceding sentence shall
not, however, apply to a default in the payment of the principal of or premium, if any, or interest on the Notes. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding
upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the
Company, which are absolute and unconditional, to pay the principal of, and any premium and interest on, this Note in the manner and at the respective times herein provided. 
 The Notes are issuable in registered form without coupons in denominations of $2,000 and any multiple of $1,000 in excess thereof. In the manner and subject to the limitations provided in the Indenture,
but without the payment of any service charge, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the Trustee in the City of New York. 

There is no sinking fund for the retirement of the Notes. 
 Upon due presentment for registration of transfer of this Note at the office or agency of the Trustee in the City of New York, a new Note or Notes of authorized denominations for an equal aggregate
principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith. 

  
 31 

 Prior to due presentment for registration of transfer, the Company, the Trustee and any
agent of the Company, or the Trustee may treat the registered Holder hereof as the owner of this Note (whether or not this Note shall be overdue), for the purpose of receiving payment of the principal hereof and premium, if any, and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Company, nor the Trustee nor any agent of the Company, or the Trustee shall be affected by any notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or any indenture supplemental thereto or in
any Note, or because of any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, or of any predecessor or successor, either directly or through the
Company, or any predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released
by the acceptance hereof and as part of the consideration for the issue hereof. 
 This Note is the senior unsecured and
unsubordinated obligation of the Company and will rank on parity with all other unsecured and unsubordinated indebtedness of the Company, including any other Securities issued under the Indenture. 

  
 32 

 [FORM OF TRANSFER NOTICE] 

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

Insert Taxpayer Identification No. 
  

 
  
 Please print or typewrite name and address including zip code of assignee 
  

 
  
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Note on the books of 

 
  
  

the Company with full power of substitution in the premises. 
  

			
	By:	 	  

		
	Date:	 	  

  
 33 

 Schedule I 
 [Include as Schedule I only for a Global Note] 
 BAXTER INTERNATIONAL INC.

 0.950% Senior Notes due 2016 
 No.     
  

							
	     Date    
	  	 Principal Amount
	  	 Notation Explaining Principal

Amount Recorded
	  	 Authorized Signature of

Trustee or Custodian

	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 

  
 34 

 EXHIBIT C 
 [FACE OF NOTE] 
 [Each Global Note shall bear the following
legend:]
 [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 THEREOF. THIS 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,
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co., or such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is
required by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.] 

  
 35 

 CUSIP No. 071813 BJ7 

ISIN US071813BJ71 

BAXTER INTERNATIONAL INC. 
 1.850% Senior Notes due 2018 
  

			
	No. C-    	 	$            

 Baxter International Inc., a Delaware corporation (the “Company”), for value received,
hereby promises to pay to                      or registered assigns, at the office or agency of the Company in the City of New York, the principal
sum of          DOLLARS ($        ) on June 15, 2018, in such coin or currency of the United States of America as at the time of payment shall be legal tender
for the payment of public and private debts, and to pay interest, semiannually on June 15 and December 15 of each year, commencing on December 15, 2013, on said principal sum at said office or agency, in like coin or currency, at the
rate per annum specified in the title of this Note, from the June 15 and December 15, as the case may be, next preceding the date of this Note to which interest has been paid, unless the date hereof is a date to which interest has been
paid, in which case from the date of this Note, or unless no interest has been paid on these Notes, in which case from June 11, 2013 until payment of said principal sum has been made or duly provided for; provided, that payment of interest may
be made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear on the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United
States. 
 Notwithstanding the foregoing, if the date hereof is after the 1st day of June or December, as the case may be, and before the
following June 15 or December 15, as the case may be, this Note shall bear interest from such June 15 or December 15; provided, that, if the Company shall default in the payment of interest due on such June 15
or December 15, then this Note shall bear interest from the next preceding June 15 or December 15, to which interest has been paid or, if no interest has been paid on these Notes, from June 11, 2013. The interest so payable on
any June 15 or December 15, will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the June 1 or
December 1, as the case may be, preceding such June 15 or December 15. Interest on this Note will be calculated on the basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any
purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 36 

 IN WITNESS WHEREOF, Baxter International Inc. has caused this instrument to be duly executed
on the date set forth below. 
 Dated: June 11, 2013 

 

			
	BAXTER INTERNATIONAL INC.
		
	By:	 	  

	Name:	 	James K. Saccaro
	Title:	 	Corporate Vice President
		 	and Treasurer

  
 37 

 (FORM OF CERTIFICATION OF AUTHENTICATION) 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein issued under the within-mentioned Indenture. 
  

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

		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 38 

 REVERSE OF NOTE 

BAXTER INTERNATIONAL INC. 
 1.850% Senior Notes due 2018 
 This Note is one of a duly authorized issue
of Securities of the Company of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of August 8, 2006, as supplemented by the Ninth Supplemental Indenture, dated as of June 11, 2013
(both together herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as trustee (herein called the
“Trustee” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities. This Note is one of a series of Securities of the Company designated as the 1.850% Senior Notes due 2018 (the “Notes”), initially
limited in aggregate principal amount of $750,000,000, subject to the issuance of additional Notes as provided in the Indenture. Terms used but not defined herein shall have the respective meanings set forth in the Indenture. 

If any interest payment date, maturity date or redemption date of this Note falls on a day that is not a Business Day, payment will be
made on the next succeeding Business Day, and no interest will accrue for the period from and after the interest payment date, maturity date or redemption date, as the case may be, to the next succeeding Business Day. As used in this Note, the term
“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City of New York are authorized or obligated by or pursuant to law, regulation or executive order to
close. 
 The Indenture contains provisions for the defeasance at any time of the entire indebtedness of the Notes or certain
covenants set forth in the Indenture applicable to the Notes upon compliance by the Company of certain conditions set forth therein, which provisions apply to this Note. 
 This Note is redeemable in whole at any time or in part from time to time, at the option of the Company, at a make whole redemption price equal to the greater of: 

(i) 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon to the redemption
date, and 
 (ii) the sum of the present values of the remaining scheduled payments of principal and interest on
the principal amount of the Notes to be redeemed (not including any portion of the payment of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Treasury Rate plus 15 basis points, plus accrued and unpaid interest thereon to the date of redemption. 

“Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual 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. 

  
 39 

 “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 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 the Notes. 

“Comparable Treasury Price” means, with respect to any redemption date, (1) the average of four Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the
Company. 
 “Reference Treasury Dealers” means (1) Citigroup Global Markets Inc., J.P. Morgan Securities
LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer (“Primary Treasury Dealer”),
the Company shall substitute another nationally recognized investment banking firm that is a Primary Treasury Dealer, and (2) at the option of the Company, additional Primary Treasury Dealers selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date,
the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m.
New York City time on the third Business Day preceding such redemption date. 
 Any redemption made at the option of the Company
(an “Optional Redemption”) shall be made upon not less than 30 nor more than 60 days prior notice before the redemption date to the Holders. If the Notes are only partially redeemed by the Company pursuant to an Optional Redemption,
the Notes will be redeemed by such method as the Trustee shall deem fair and appropriate and in accordance with the Indenture. In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof
shall be issued in the name of the Holder hereof upon the cancellation hereof. Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes or portions thereof called for
redemption. 
 If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its option to
redeem the Notes (as described above), the Company shall be required to make an offer (the “Change of Control Offer”) to each holder of the Notes to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in
excess thereof) of that holder’s Notes on the terms set forth below. In the Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued
and unpaid interest, if any, on the Notes repurchased to the date of 

  
 40 

 
repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the option of the Company, prior to any Change of
Control, but after public announcement of the transaction that constitutes or may constitute the Change of Control, a notice shall be mailed to holders of the Notes describing the transaction that constitutes or may constitute the Change of Control
Triggering Event and offering to repurchase the Notes on the 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 “Change of Control Payment
Date”). 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 the Change of Control Triggering Event occurring on or prior to the Change of Control
Payment Date. 
 On the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(1)	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	(2)	deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes
or portions of Notes being repurchased. 

 The Company shall not be required to make a Change of Control Offer
upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party repurchases all Notes
properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default, other than a default in the payment
of the Change of Control Payment upon a Change of Control Triggering Event. 
 The Company shall comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply
with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 

For purposes of the Change of Control Offer provisions of the Notes, the following definitions shall apply: 

“Change of Control” means the occurrence of any of the following: (1) 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), other than the Company or one of its subsidiaries, becomes the
beneficial owner (as 

  
 41 

 
defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting
Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one
or a series of related transactions, of all or substantially all of the Company’s assets and the assets of its subsidiaries, taken as a whole, to one or more “persons” (as that term is defined in the Indenture), other than the Company
or one of its subsidiaries; (3) the adoption of a plan relating to the Company’s liquidation or dissolution; or (4) the replacement of a majority of the Company’s Board of Directors over a two-year period from the directors who
constituted the Company’s Board of Directors at the beginning of such period, and such replacement directors shall not have been approved by at least a majority of the Company’s Board of Directors then still in office (either by a specific
vote or by approval of a proxy statement in which such member was named as a nominee for election as a director) who either were members of such Board of Directors at the beginning of such period or whose election as a member of such Board of
Directors was previously so approved. Notwithstanding the foregoing, a transaction shall not be deemed to be a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the
direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately
following that transaction no “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more
than 50% of the Voting Stock of such holding company. 
 “Change of Control Triggering Event” means the
occurrence of both a Change of Control and a Rating Event. 
 “Investment Grade Rating” means a rating equal to
or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies. 

“Moody’s” means Moody’s Investors Service, Inc. 

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

“Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the
Rating Agencies but no longer than 180 days) after the earlier of (1) the occurrence of a Change of Control and (2) public notice of the Company’s intention to effect a Change of Control; provided, however, that a Rating
Event otherwise arising by virtue of a particular reduction in 

  
 42 

 
rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Rating Event for purposes of the definition of Change of Control
Triggering Event) 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 the Company’s or 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 has occurred at the time of the Rating Event).

 “S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies,
Inc. 
 “Voting Stock” means, with respect to any specified “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), as of any date, 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. 

The Company’s obligation to make a Change of Control Offer as set forth herein shall be subject to the covenant defeasance
provisions of Section 13.02(c) of the Indenture. 
 If an Event of Default, with respect to the Notes shall have occurred
and be continuing, the principal of this Note may be declared due and payable in the manner and with the effect set forth in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding of
each series to be affected to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the
Holders of the Notes subject to the limitations set forth in the Indenture. It is also provided in the Indenture that, with respect to certain defaults or Events of Default regarding the Securities of any series, the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of such series may on behalf of the Holders of all the Securities of such series waive any such past default or Event of Default and its consequences. The preceding sentence shall
not, however, apply to a default in the payment of the principal of or premium, if any, or interest on the Notes. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding
upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the
Company, which are absolute and unconditional, to pay the principal of, and any premium and interest on, this Note in the manner and at the respective times herein provided. 
 The Notes are issuable in registered form without coupons in denominations of $2,000 and any multiple of $1,000 in excess thereof. In the manner and subject to the limitations provided in the Indenture,
but without the payment of any service charge, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the Trustee in the City of New York. 

  
 43 

 There is no sinking fund for the retirement of the Notes. 

Upon due presentment for registration of transfer of this Note at the office or agency of the Trustee in the City of New York, a new Note
or Notes of authorized denominations for an equal aggregate principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge
imposed in connection therewith. 
 Prior to due presentment for registration of transfer, the Company, the Trustee and any
agent of the Company, or the Trustee may treat the registered Holder hereof as the owner of this Note (whether or not this Note shall be overdue), for the purpose of receiving payment of the principal hereof and premium, if any, and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Company, nor the Trustee nor any agent of the Company, or the Trustee shall be affected by any notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or any indenture supplemental thereto or in
any Note, or because of any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, or of any predecessor or successor, either directly or through the
Company, or any predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released
by the acceptance hereof and as part of the consideration for the issue hereof. 
 This Note is the senior unsecured and
unsubordinated obligation of the Company and will rank on parity with all other unsecured and unsubordinated indebtedness of the Company, including any other Securities issued under the Indenture. 

  
 44 

 [FORM OF TRANSFER NOTICE] 

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

Insert Taxpayer Identification No. 
  

 
  
 Please print or typewrite name and address including zip code of assignee 
  

 
  
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Note on the books of 

 
  
  

the Company with full power of substitution in the premises. 
  

 

			
	By:	 	  

		
	Date:	 	  

  
 45 

 Schedule I 
 [Include as Schedule I only for a Global Note] 
 BAXTER INTERNATIONAL INC.

 1.850% Senior Notes due 2018 
 No.     
  

							
	     Date    
	  	 Principal Amount
	  	 Notation Explaining Principal

Amount Recorded
	  	 Authorized Signature of

Trustee or Custodian

	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 

  
 46 

 EXHIBIT D 
 [FACE OF NOTE] 
 [Each Global Note shall bear the following
legend:]
 [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 THEREOF. THIS 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,
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co., or such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is
required by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.] 

  
 47 

 CUSIP No. 071813 BL2 

ISIN US071813BL28 

BAXTER INTERNATIONAL INC. 
 3.200% Senior Notes due 2023 
  

			
	No. D-    	 	$        

 Baxter International Inc., a Delaware corporation (the “Company”), for value received,
hereby promises to pay to                      or registered assigns, at the office or agency of the Company in the City of New York, the principal
sum of          DOLLARS ($        ) on June 15, 2023, in such coin or currency of the United States of America as at the time of payment shall be legal tender
for the payment of public and private debts, and to pay interest, semiannually on June 15 and December 15 of each year, commencing on December 15, 2013, on said principal sum at said office or agency, in like coin or currency, at the
rate per annum specified in the title of this Note, from the June 15 and December 15, as the case may be, next preceding the date of this Note to which interest has been paid, unless the date hereof is a date to which interest has been
paid, in which case from the date of this Note, or unless no interest has been paid on these Notes, in which case from June 11, 2013 until payment of said principal sum has been made or duly provided for; provided, that payment of interest may
be made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear on the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United
States. 
 Notwithstanding the foregoing, if the date hereof is after the 1st day of June or December, as the case may be, and before the
following June 15 or December 15, as the case may be, this Note shall bear interest from such June 15 or December 15; provided, that, if the Company shall default in the payment of interest due on such June 15
or December 15, then this Note shall bear interest from the next preceding June 15 or December 15, to which interest has been paid or, if no interest has been paid on these Notes, from June 11, 2013. The interest so payable on
any June 15 or December 15, will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the June 1 or
December 1, as the case may be, preceding such June 15 or December 15. Interest on this Note will be calculated on the basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any
purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 48 

 IN WITNESS WHEREOF, Baxter International Inc. has caused this instrument to be duly executed
on the date set forth below. 
 Dated: June 11, 2013 

 

			
	BAXTER INTERNATIONAL INC.
		
	By:	 	  

	Name:	 	James K. Saccaro
	Title:	 	Corporate Vice President
		 	and Treasurer

  
 49 

 (FORM OF CERTIFICATION OF AUTHENTICATION) 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein issued under the within-mentioned Indenture. 
  

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

		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 50 

 REVERSE OF NOTE 

BAXTER INTERNATIONAL INC. 
 3.200% Senior Notes due 2023 
 This Note is one of a duly authorized issue
of Securities of the Company of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of August 8, 2006, as supplemented by the Ninth Supplemental Indenture, dated as of June 11, 2013
(both together herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as trustee (herein called the
“Trustee” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities. This Note is one of a series of Securities of the Company designated as the 3.200% Senior Notes due 2023 (the “Notes”), initially
limited in aggregate principal amount of $1,250,000,000, subject to the issuance of additional Notes as provided in the Indenture. Terms used but not defined herein shall have the respective meanings set forth in the Indenture. 

If any interest payment date, maturity date or redemption date of this Note falls on a day that is not a Business Day, payment will be
made on the next succeeding Business Day, and no interest will accrue for the period from and after the interest payment date, maturity date or redemption date, as the case may be, to the next succeeding Business Day. As used in this Note, the term
“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City of New York are authorized or obligated by or pursuant to law, regulation or executive order to
close. 
 The Indenture contains provisions for the defeasance at any time of the entire indebtedness of the Notes or certain
covenants set forth in the Indenture applicable to the Notes upon compliance by the Company of certain conditions set forth therein, which provisions apply to this Note. 
 In the event that (i) the Company does not complete the Gambro Acquisition on or prior to March 17, 2014 or (ii) the Share Purchase Agreement is terminated at any time on or prior to
March 17, 2014, then the Company shall redeem all of the Notes (the “Special Mandatory Redemption”) on the Special Mandatory Redemption Date (as defined below) at a redemption price equal to 101% of the aggregate principal
amount of the Notes (the “Special Mandatory Redemption Price”), plus accrued and unpaid interest to, but not including, the Special Mandatory Redemption Date. The Company shall cause a notice of Special Mandatory Redemption to be
distributed, with a copy to the Trustee, within five Business Days after the occurrence of the event triggering the Special Mandatory Redemption to each holder of Notes. If funds sufficient to pay the Special Mandatory Redemption Price of all
Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, plus accrued and unpaid interest, if any, to the Special Mandatory Redemption Date, the Notes will
cease to bear interest. The provisions relating to Special Mandatory Redemption described above may not be waived or modified without the written consent of holders of at least 90% in principal amount of the Notes outstanding. The

  
 51 

 
notice of Special Mandatory Redemption shall include the information required by Section 4.02 of the Indenture, and, notwithstanding such Section 4.02, may be given less than 30 days
prior to the Special Mandatory Redemption Date, but in no event fewer than five Business Days prior thereto. 
 For purposes of
the Special Mandatory Redemption provisions of the Notes, the following definitions shall apply: 
 “Gambro
Acquisition” means the consummation of the transactions contemplated by the Share Purchase Agreement. 

“Special Mandatory Redemption Date” means the earlier to occur of (i) March 31, 2014, or (ii) the tenth
Business Day following the termination of the Share Purchase Agreement. 
 “Share Purchase Agreement” means
that certain Share Purchase Agreement, dated as of December 4, 2012, by and between Indap Sweden AB and the Company, as amended on May 29, 2013. 
 This Note is redeemable in whole or in part, at any time prior to the date that is three months prior to its maturity date, at the option of the Company, at a make whole redemption price equal to the
greater of: 
 (i) 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest
thereon to the redemption date, and 
 (ii) the sum of the present values of the remaining scheduled payments of
principal and interest on the principal amount of the Notes to be redeemed (not including any portion of the payment of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, plus accrued and unpaid interest thereon to the date of redemption. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual 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 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 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 the Notes.

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

  
 52 

 “Independent Investment Banker” means one of the Reference Treasury Dealers
appointed by the Company. 
 “Reference Treasury Dealers” means (1) Citigroup Global Markets Inc., J.P.
Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer (“Primary
Treasury Dealer”), the Company shall substitute another nationally recognized investment banking firm that is a Primary Treasury Dealer, and (2) at the option of the Company, additional Primary Treasury Dealers selected by the Company.

 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury
Dealer at 5:00 p.m. New York City time on the third Business Day preceding such redemption date. 
 On or after the date that is
three months prior to its maturity date, this Note is redeemable in whole at any time or in part from time to time, at the option of the Company, at a redemption price equal to 100% of its principal amount plus accrued and unpaid interest thereon to
the redemption date. 
 Any redemption made at the option of the Company (an “Optional Redemption”) shall be
made upon not less than 30 nor more than 60 days prior notice before the redemption date to the Holders. If the Notes are only partially redeemed by the Company pursuant to an Optional Redemption, the Notes will be redeemed by such method as the
Trustee shall deem fair and appropriate and in accordance with the Indenture. In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof shall be issued in the name of the Holder hereof
upon the cancellation hereof. Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes or portions thereof called for redemption. 

If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its option to redeem the Notes (as
described above), the Company shall be required to make an offer (the “Change of Control Offer”) to each holder of the Notes to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that
holder’s Notes on the terms set forth below. In the Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if
any, on the Notes repurchased to the date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the option of the Company, prior to any Change of Control, but
after public announcement of the transaction that constitutes or may constitute the Change of Control, a notice shall be mailed to holders of the Notes describing the transaction that constitutes or may constitute the Change of Control Triggering
Event and offering to repurchase the Notes on the 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 “Change of Control Payment
Date”). 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 the Change of Control Triggering Event occurring on or prior to the Change of Control
Payment Date. 

  
 53 

 On the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(1)	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	(2)	deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes
or portions of Notes being repurchased. 

 The Company shall not be required to make a Change of Control Offer
upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party repurchases all Notes
properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default, other than a default in the payment
of the Change of Control Payment upon a Change of Control Triggering Event. 
 The Company shall comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply
with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 

For purposes of the Change of Control Offer provisions of the Notes, the following definitions shall apply: 

“Change of Control” means the occurrence of any of the following: (1) 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), other than the Company or one of its subsidiaries, becomes the
beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting Stock is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
transactions, of all or substantially all of the Company’s assets and the assets of its subsidiaries, taken as a whole, to one or more “persons” (as that term is defined in the Indenture), other than the Company or one of its
subsidiaries; (3) the adoption of a plan relating to the Company’s liquidation or dissolution; 

  
 54 

 
or (4) the replacement of a majority of the Company’s Board of Directors over a two-year period from the directors who constituted the Company’s Board of Directors at the beginning
of such period, and such replacement directors shall not have been approved by at least a majority of the Company’s Board of Directors then still in office (either by a specific vote or by approval of a proxy statement in which such member was
named as a nominee for election as a director) who either were members of such Board of Directors at the beginning of such period or whose election as a member of such Board of Directors was previously so approved. Notwithstanding the foregoing, a
transaction shall not be deemed to be a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company
immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no “person” (as that term is used
in Section 13(d)(3) of the Exchange Act) (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

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

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or
the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies. 
 “Moody’s” means Moody’s Investors Service, Inc. 

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

“Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the
Rating Agencies but no longer than 180 days) after the earlier of (1) the occurrence of a Change of Control and (2) public notice of the Company’s intention to effect a Change of Control; provided, however, that a 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 Rating Event for purposes of the definition of Change of Control
Triggering Event) 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 the Company’s or 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 has occurred at the time of the Rating Event).

  
 55 

 “S&P” means Standard & Poor’s Rating Services, a division
of The McGraw-Hill Companies, Inc. 
 “Voting Stock” means, with respect to any specified “person”
(as that term is used in Section 13(d)(3) of the Exchange Act), as of any date, 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. 

The Company’s obligation to make a Change of Control Offer as set forth herein shall be subject to the covenant defeasance
provisions of Section 13.02(c) of the Indenture. 
 If an Event of Default, with respect to the Notes shall have occurred
and be continuing, the principal of this Note may be declared due and payable in the manner and with the effect set forth in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding of
each series to be affected to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the
Holders of the Notes subject to the limitations set forth in the Indenture. It is also provided in the Indenture that, with respect to certain defaults or Events of Default regarding the Securities of any series, the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of such series may on behalf of the Holders of all the Securities of such series waive any such past default or Event of Default and its consequences. The preceding sentence shall
not, however, apply to a default in the payment of the principal of or premium, if any, or interest on the Notes. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding
upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the
Company, which are absolute and unconditional, to pay the principal of, and any premium and interest on, this Note in the manner and at the respective times herein provided. 
 The Notes are issuable in registered form without coupons in denominations of $2,000 and any multiple of $1,000 in excess thereof. In the manner and subject to the limitations provided in the Indenture,
but without the payment of any service charge, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the Trustee in the City of New York. 

There is no sinking fund for the retirement of the Notes. 
 Upon due presentment for registration of transfer of this Note at the office or agency of the Trustee in the City of New York, a new Note or Notes of authorized denominations for an equal aggregate
principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith. 

  
 56 

 Prior to due presentment for registration of transfer, the Company, the Trustee and any
agent of the Company, or the Trustee may treat the registered Holder hereof as the owner of this Note (whether or not this Note shall be overdue), for the purpose of receiving payment of the principal hereof and premium, if any, and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Company, nor the Trustee nor any agent of the Company, or the Trustee shall be affected by any notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or any indenture supplemental thereto or in
any Note, or because of any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, or of any predecessor or successor, either directly or through the
Company, or any predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released
by the acceptance hereof and as part of the consideration for the issue hereof. 
 This Note is the senior unsecured and
unsubordinated obligation of the Company and will rank on parity with all other unsecured and unsubordinated indebtedness of the Company, including any other Securities issued under the Indenture. 

  
 57 

 [FORM OF TRANSFER NOTICE] 

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

Insert Taxpayer Identification No. 
  

 
  
 Please print or typewrite name and address including zip code of assignee 
  

 
  
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Note on the books of 

 
  
  

the Company with full power of substitution in the premises. 
  

 

			
	By:	 	  

		
	Date:	 	  

  
 58 

 Schedule I 
 [Include as Schedule I only for a Global Note] 
 BAXTER INTERNATIONAL INC.

 3.200% Senior Notes due 2023 
 No.     
  

							
	     Date    
	  	 Principal Amount
	  	 Notation Explaining Principal

Amount Recorded
	  	 Authorized Signature of

Trustee or Custodian

	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 
	    	  	 	  	 	  	 

  
 59 

 EXHIBIT E 
 [FACE OF NOTE] 
 [Each Global Note shall bear the following
legend:]
 [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 THEREOF. THIS 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,
UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE
DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR TO A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Company or its agent for registration of transfer,
exchange or payment, and any certificate issued is registered in the name of Cede & Co., or such other name as requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is
required by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.] 

  
 60 

 CUSIP No. 071813 BG3 

ISIN US071813BG33 

BAXTER INTERNATIONAL INC. 
 4.500% Senior Notes due 2043 
  

			
	No. E-    	 	$            

 Baxter International Inc., a Delaware corporation (the “Company”), for value received,
hereby promises to pay to                      or registered assigns, at the office or agency of the Company in the City of New York, the principal
sum of          DOLLARS ($        ) on June 15, 2043, in such coin or currency of the United States of America as at the time of payment shall be legal tender
for the payment of public and private debts, and to pay interest, semiannually on June 15 and December 15 of each year, commencing on December 15, 2013, on said principal sum at said office or agency, in like coin or currency, at the
rate per annum specified in the title of this Note, from the June 15 and December 15, as the case may be, next preceding the date of this Note to which interest has been paid, unless the date hereof is a date to which interest has been
paid, in which case from the date of this Note, or unless no interest has been paid on these Notes, in which case from June 11, 2013 until payment of said principal sum has been made or duly provided for; provided, that payment of interest may
be made at the option of the Company by check mailed to the address of the person entitled thereto as such address shall appear on the Security Register or by wire transfer to an account maintained by the payee with a bank located in the United
States. 
 Notwithstanding the foregoing, if the date hereof is after the 1st day of June or December, as the case may be, and before the
following June 15 or December 15, as the case may be, this Note shall bear interest from such June 15 or December 15; provided, that, if the Company shall default in the payment of interest due on such June 15
or December 15, then this Note shall bear interest from the next preceding June 15 or December 15, to which interest has been paid or, if no interest has been paid on these Notes, from June 11, 2013. The interest so payable on
any June 15 or December 15, will, subject to certain exceptions provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the June 1 or
December 1, as the case may be, preceding such June 15 or December 15. Interest on this Note will be calculated on the basis of a 360-day year of twelve 30-day months. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory for any
purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof. 

  
 61 

 IN WITNESS WHEREOF, Baxter International Inc. has caused this instrument to be duly executed
on the date set forth below. 
 Dated: June 11, 2013 

 

			
	BAXTER INTERNATIONAL INC.
		
	By:	 	  

	Name:	 	James K. Saccaro
	Title:	 	Corporate Vice President
		 	and Treasurer

  
 62 

 (FORM OF CERTIFICATION OF AUTHENTICATION) 

CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated herein issued under the within-mentioned Indenture. 
  

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

		
	By:	 	  

		 	Authorized Signatory

 Dated: 

  
 63 

 REVERSE OF NOTE 

BAXTER INTERNATIONAL INC. 
 4.500% Senior Notes due 2043 
 This Note is one of a duly authorized issue
of Securities of the Company of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of August 8, 2006, as supplemented by the Ninth Supplemental Indenture, dated as of June 11, 2013
(both together herein called the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. (as successor in interest to J.P. Morgan Trust Company, National Association), as trustee (herein called the
“Trustee” which term includes any successor Trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations,
duties and immunities thereunder of the Trustee, the Company and the Holders of the Securities. This Note is one of a series of Securities of the Company designated as the 4.500% Senior Notes due 2043 (the “Notes”), initially
limited in aggregate principal amount of $500,000,000, subject to the issuance of additional Notes as provided in the Indenture. Terms used but not defined herein shall have the respective meanings set forth in the Indenture. 

If any interest payment date, maturity date or redemption date of this Note falls on a day that is not a Business Day, payment will be
made on the next succeeding Business Day, and no interest will accrue for the period from and after the interest payment date, maturity date or redemption date, as the case may be, to the next succeeding Business Day. As used in this Note, the term
“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City of New York are authorized or obligated by or pursuant to law, regulation or executive order to
close. 
 The Indenture contains provisions for the defeasance at any time of the entire indebtedness of the Notes or certain
covenants set forth in the Indenture applicable to the Notes upon compliance by the Company of certain conditions set forth therein, which provisions apply to this Note. 
 In the event that (i) the Company does not complete the Gambro Acquisition on or prior to March 17, 2014 or (ii) the Share Purchase Agreement is terminated at any time on or prior to
March 17, 2014, then the Company shall redeem all of the Notes (the “Special Mandatory Redemption”) on the Special Mandatory Redemption Date (as defined below) at a redemption price equal to 101% of the aggregate principal
amount of the Notes (the “Special Mandatory Redemption Price”), plus accrued and unpaid interest to, but not including, the Special Mandatory Redemption Date. The Company shall cause a notice of Special Mandatory Redemption to be
distributed, with a copy to the Trustee, within five Business Days after the occurrence of the event triggering the Special Mandatory Redemption to each holder of Notes. If funds sufficient to pay the Special Mandatory Redemption Price of all
Notes to be redeemed on the Special Mandatory Redemption Date are deposited with the Trustee on or before such Special Mandatory Redemption Date, plus accrued and unpaid interest, if any, to the Special Mandatory Redemption Date, the Notes will
cease to bear interest. The provisions relating to Special Mandatory Redemption described above may not be waived or modified without the written consent of holders of at least 90% in principal amount of the Notes outstanding. The

  
 64 

 
notice of Special Mandatory Redemption shall include the information required by Section 4.02 of the Indenture, and, notwithstanding such Section 4.02, may be given less than 30 days
prior to the Special Mandatory Redemption Date, but in no event fewer than five Business Days prior thereto. 
 For purposes of
the Special Mandatory Redemption provisions of the Notes, the following definitions shall apply: 
 “Gambro
Acquisition” means the consummation of the transactions contemplated by the Share Purchase Agreement. 

“Special Mandatory Redemption Date” means the earlier to occur of (i) March 31, 2014, or (ii) the tenth
Business Day following the termination of the Share Purchase Agreement. 
 “Share Purchase Agreement” means
that certain Share Purchase Agreement, dated as of December 4, 2012, by and between Indap Sweden AB and the Company, as amended on May 29, 2013. 
 This Note is redeemable in whole or in part, at any time prior to the date that is six months prior to its maturity date, at the option of the Company, at a make whole redemption price equal to the
greater of: 
 (i) 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest
thereon to the redemption date, and 
 (ii) the sum of the present values of the remaining scheduled payments of
principal and interest on the principal amount of the Notes to be redeemed (not including any portion of the payment of interest accrued as of the date of redemption) discounted to the redemption date on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, plus accrued and unpaid interest thereon to the date of redemption. 
 “Treasury Rate” means, with respect to any redemption date, the rate per annum equal to the semiannual 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 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 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 the Notes.

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

  
 65 

 “Independent Investment Banker” means one of the Reference Treasury Dealers
appointed by the Company. 
 “Reference Treasury Dealers” means (1) Citigroup Global Markets Inc., J.P.
Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer (“Primary
Treasury Dealer”), the Company shall substitute another nationally recognized investment banking firm that is a Primary Treasury Dealer, and (2) at the option of the Company, additional Primary Treasury Dealers selected by the Company.

 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury
Dealer at 5:00 p.m. New York City time on the third Business Day preceding such redemption date. 
 On or after the date that is
six months prior to its maturity date, this Note is redeemable in whole at any time or in part from time to time, at the option of the Company, at a redemption price equal to 100% of its principal amount plus accrued and unpaid interest thereon to
the redemption date. 
 Any redemption made at the option of the Company (an “Optional Redemption”) shall be
made upon not less than 30 nor more than 60 days prior notice before the redemption date to the Holders. If the Notes are only partially redeemed by the Company pursuant to an Optional Redemption, the Notes will be redeemed by such method as the
Trustee shall deem fair and appropriate and in accordance with the Indenture. In the event of redemption of this Note in part only, a new Note or Notes of this series for the unredeemed portion hereof shall be issued in the name of the Holder hereof
upon the cancellation hereof. Unless the Company defaults in payment of the redemption price, on and after the redemption date interest will cease to accrue on the Notes or portions thereof called for redemption. 

If a Change of Control Triggering Event (as defined below) occurs, unless the Company has exercised its option to redeem the Notes (as
described above), the Company shall be required to make an offer (the “Change of Control Offer”) to each holder of the Notes to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that
holder’s Notes on the terms set forth below. In the Change of Control Offer, the Company shall be required to offer payment in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if
any, on the Notes repurchased to the date of repurchase (the “Change of Control Payment”). Within 30 days following any Change of Control Triggering Event or, at the option of the Company, prior to any Change of Control, but
after public announcement of the transaction that constitutes or may constitute the Change of Control, a notice shall be mailed to holders of the Notes describing the transaction that constitutes or may constitute the Change of Control Triggering
Event and offering to repurchase the Notes on the 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 “Change of Control Payment
Date”). 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 the Change of Control Triggering Event occurring on or prior to the Change of Control
Payment Date. 

  
 66 

 On the Change of Control Payment Date, the Company shall, to the extent lawful: 

 

	 	(1)	accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

 

	 	(2)	deposit with the paying agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and

  

	 	(3)	deliver or cause to be delivered to the Trustee the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes
or portions of Notes being repurchased. 

 The Company shall not be required to make a Change of Control Offer
upon the occurrence of a Change of Control Triggering Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and the third party repurchases all Notes
properly tendered and not withdrawn under its offer. In addition, the Company shall not repurchase any Notes if there has occurred and is continuing on the Change of Control Payment Date an Event of Default, other than a default in the payment
of the Change of Control Payment upon a Change of Control Triggering Event. 
 The Company shall comply with the requirements of
Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the
repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions of the Notes, the Company shall comply
with those securities laws and regulations and shall not be deemed to have breached its obligations under the Change of Control Offer provisions of the Notes by virtue of any such conflict. 

For purposes of the Change of Control Offer provisions of the Notes, the following definitions shall apply: 

“Change of Control” means the occurrence of any of the following: (1) 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), other than the Company or one of its subsidiaries, becomes the
beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting Stock is reclassified,
consolidated, exchanged or changed, measured by voting power rather than number of shares; (2) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related
transactions, of all or substantially all of the Company’s assets and the assets of its subsidiaries, taken as a whole, to one or more “persons” (as that term is defined in the Indenture), other than the Company or one of its
subsidiaries; (3) the adoption of a plan relating to the Company’s liquidation or dissolution; 

  
 67 

 
or (4) the replacement of a majority of the Company’s Board of Directors over a two-year period from the directors who constituted the Company’s Board of Directors at the beginning
of such period, and such replacement directors shall not have been approved by at least a majority of the Company’s Board of Directors then still in office (either by a specific vote or by approval of a proxy statement in which such member was
named as a nominee for election as a director) who either were members of such Board of Directors at the beginning of such period or whose election as a member of such Board of Directors was previously so approved. Notwithstanding the foregoing, a
transaction shall not be deemed to be a Change of Control if (1) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company
immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no “person” (as that term is used
in Section 13(d)(3) of the Exchange Act) (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

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

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or
the equivalent) by S&P, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies. 
 “Moody’s” means Moody’s Investors Service, Inc. 

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

“Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an
Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the
Rating Agencies but no longer than 180 days) after the earlier of (1) the occurrence of a Change of Control and (2) public notice of the Company’s intention to effect a Change of Control; provided, however, that a 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 Rating Event for purposes of the definition of Change of Control
Triggering Event) 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 the Company’s or 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 has occurred at the time of the Rating Event).

  
 68 

 “S&P” means Standard & Poor’s Rating Services, a division
of The McGraw-Hill Companies, Inc. 
 “Voting Stock” means, with respect to any specified “person”
(as that term is used in Section 13(d)(3) of the Exchange Act), as of any date, 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. 

The Company’s obligation to make a Change of Control Offer as set forth herein shall be subject to the covenant defeasance
provisions of Section 13.02(c) of the Indenture. 
 If an Event of Default, with respect to the Notes shall have occurred
and be continuing, the principal of this Note may be declared due and payable in the manner and with the effect set forth in the Indenture. 
 The Indenture contains provisions permitting the Company and the Trustee, with the consent of the Holders of not less than a majority in aggregate principal amount of the Notes at the time Outstanding of
each series to be affected to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the
Holders of the Notes subject to the limitations set forth in the Indenture. It is also provided in the Indenture that, with respect to certain defaults or Events of Default regarding the Securities of any series, the Holders of a majority in
aggregate principal amount of the Securities at the time Outstanding of such series may on behalf of the Holders of all the Securities of such series waive any such past default or Event of Default and its consequences. The preceding sentence shall
not, however, apply to a default in the payment of the principal of or premium, if any, or interest on the Notes. Any such consent or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding
upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the
Company, which are absolute and unconditional, to pay the principal of, and any premium and interest on, this Note in the manner and at the respective times herein provided. 
 The Notes are issuable in registered form without coupons in denominations of $2,000 and any multiple of $1,000 in excess thereof. In the manner and subject to the limitations provided in the Indenture,
but without the payment of any service charge, Notes may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the Trustee in the City of New York. 

There is no sinking fund for the retirement of the Notes. 
 Upon due presentment for registration of transfer of this Note at the office or agency of the Trustee in the City of New York, a new Note or Notes of authorized denominations for an equal aggregate
principal amount will be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith. 

  
 69 

 Prior to due presentment for registration of transfer, the Company, the Trustee and any
agent of the Company, or the Trustee may treat the registered Holder hereof as the owner of this Note (whether or not this Note shall be overdue), for the purpose of receiving payment of the principal hereof and premium, if any, and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Company, nor the Trustee nor any agent of the Company, or the Trustee shall be affected by any notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or any indenture supplemental thereto or in
any Note, or because of any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, or of any predecessor or successor, either directly or through the
Company, or any predecessor or successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released
by the acceptance hereof and as part of the consideration for the issue hereof. 
 This Note is the senior unsecured and
unsubordinated obligation of the Company and will rank on parity with all other unsecured and unsubordinated indebtedness of the Company, including any other Securities issued under the Indenture. 

  
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 [FORM OF TRANSFER NOTICE] 

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

Insert Taxpayer Identification No. 
  

 
  
 Please print or typewrite name and address including zip code of assignee 
  

 
  
 the within Note and all rights thereunder, hereby irrevocably constituting and appointing attorney to transfer said Note on the books of 

 
  
  

the Company with full power of substitution in the premises. 
  

 

			
	By:	 	  

		
	Date:	 	  

  
 71 

 Schedule I 
 [Include as Schedule I only for a Global Note] 
 BAXTER INTERNATIONAL INC.

 4.500% Senior Notes due 2043 
 No.     
  

							
	     Date    
	  	 Principal Amount
	  	 Notation Explaining Principal

Amount Recorded
	  	 Authorized Signature of

Trustee or Custodian

	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 
	     
	  	 	  	 	  	 

  
 72

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]