Document:

Amended and Restated Management Consulting Agreement

 Exhibit 10.3 
 AMENDED AND RESTATED MANAGEMENT CONSULTING AGREEMENT 
 AMENDED AND RESTATED MANAGEMENT CONSULTING AGREEMENT, dated as
of February 7, 2007, by and among REXNORD HOLDINGS, INC., a Delaware corporation (“Rexnord”), APOLLO MANAGEMENT VI, L.P., a Delaware limited partnership (“Apollo Management”), and APOLLO ALTERNATIVE ASSETS,
L.P., a Delaware limited partnership (“AAA;” collectively with Apollo Management, “Apollo”). 
 RECITALS

 WHEREAS, Rexnord and Apollo Management previously entered into that certain Management Consulting Agreement, dated as of July 21, 2006
(the “Original Agreement”), pursuant to which Apollo Management agreed to make its expertise available to Rexnord and its subsidiaries (collectively, including subsidiaries acquired pursuant to the transactions contemplated by the
Purchase Agreement (as defined below), the “Rexnord Group”) from time to time in rendering certain management consulting and advisory services related to the business and affairs of the Rexnord Group; and 
 WHEREAS, Rexnord and Apollo now desire to amend and restate the Original Agreement in its entirety as set forth herein (the Original Agreement as amended and
restated hereby, this “Agreement”). 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the foregoing, and the mutual agreements set forth herein and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties
agree as follows: 
 Section 1. Retention of Apollo. Rexnord hereby retains Apollo, and Apollo accepts such retention, upon the
terms and conditions set forth in this Agreement. 
 Section 2. Term. This Agreement shall commence on the date hereof and,
subject to the terms of the subsequent paragraph, unless otherwise extended pursuant to the following sentence, shall terminate on the twelfth anniversary of the date hereof (the “Term”) or such earlier time as Apollo and Rexnord
may mutually agree in a written agreement signed by each of them. Upon the twelfth anniversary of the date hereof, and at the end of each year thereafter (each of such twelfth anniversary and the end of each year thereafter being a “Year
End”), the Term shall automatically be extended for an additional year unless written notice to the contrary is given by Apollo at least 30, but no more than 60, days prior to such Year End. The provisions of Sections 3(d),
4(f) (with respect to any unpaid or unreimbursed expenses incurred prior to any termination of this Agreement, whether or not such expenses have then become payable), and 5 through 14 shall survive the termination of this
Agreement. 
 Apollo’s obligation to provide services hereunder shall continue through and until the earlier of (i) the expiration
of the Term, as it may be extended pursuant to the terms of this Section 2, (ii) a Change of Control (as defined below) or (iii) an IPO (as defined below). 
 Section 3. Management Consulting Services. 
 (a) Apollo shall advise the Rexnord Group concerning such management matters that relate to the business, financial oversight, administration and policies of the Rexnord Group, in each case as Rexnord shall reasonably
and specifically request by way of written notice to Apollo, which written notice shall specify the services required of Apollo and shall include all background material necessary for Apollo to complete such services. In addition, the Rexnord Group
shall promptly provide any additional materials that Apollo may reasonably request in connection with the provision of services by Apollo pursuant to the terms of this Agreement. Apollo shall devote such time to any such written request as Apollo
shall deem, in its discretion, necessary. Such consulting services, in Apollo’s discretion, shall be rendered in person or by telephone or other communication. Except as otherwise expressly agreed to, Apollo shall have no obligation to the
Rexnord Group as to the manner and time of rendering its services hereunder, and the Rexnord Group shall not have any right to dictate or direct the details of the services rendered hereunder. 

 (b) In addition, Rexnord acknowledges and agrees that Apollo (i) has structured the transactions
contemplated by each of the (x) Agreement and Plan of Merger, dated as of October 11, 2006 (the “Merger Agreement”), by and among Jacuzzi Brands, Inc. (“Jacuzzi”), Jupiter Acquisition, LLC
(“Seller”), and Jupiter Merger Sub, Inc. and (y) Purchase Agreement, dated as of October 11, 2006 (the “Purchase Agreement”), between RBS Global, Inc. (an indirect subsidiary of the Company) (“RBS
Global”) and Seller (pursuant to which the Rexnord Group has or will have acquired the water management business of Jacuzzi from Seller (the “Zurn Acquisition”), (ii) has arranged for financing for the Rexnord Group in
connection with the Zurn Acquisition, and (iii) has provided other services to the Rexnord Group in connection with the Zurn Acquisition. Apollo agrees to continue to provide services to the Rexnord Group in connection with the consummation of
the Zurn Acquisition. 
 (c) Apollo shall perform all services to be provided to the Rexnord Group hereunder as an independent contractor to
the Rexnord Group and not as an employee, agent or representative of any member of the Rexnord Group. Apollo shall have no authority to act for or to bind any member of the Rexnord Group while acting in its capacity as an advisor to the Rexnord
Group under this Agreement without Rexnord’s prior written consent. 
 (d) This Agreement shall in no way prohibit Apollo, its
affiliates, or any of its or its affiliates’ limited partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives from engaging in other activities, whether or not competitive with any
business of any member of the Rexnord Group. 
 Section 4. Compensation. 
 (a) As consideration for Apollo’s agreement to render the services set forth in Section 3(a) and as compensation for any such services
rendered by Apollo, Rexnord agrees to pay, or cause its subsidiaries to pay, to Apollo an annual fee equal to $3,000,000. Such amounts shall be payable to Apollo in two equal semi-annual payments (i.e., every six months) by wire transfer in same-day
funds to a bank account designated by Apollo. 
 (b) As consideration for services rendered and Apollo’s agreement to render services as
set forth in Section 3(b), Rexnord agrees to pay, or to cause its subsidiaries to pay, to Apollo a fee of $8,500,000, by wire transfer in same-day funds to a bank account designated by Apollo, upon the consummation of the Zurn
Acquisition. 
 (c) Each payment made pursuant to this Agreement (whether pursuant to Section 4(a), 4(b), 4(d) or
otherwise) by Rexnord or any of its subsidiaries or affiliates to Apollo shall be divided between Apollo Management and AAA, such that Apollo Management will receive 87.5% of any such payment, and AAA will receive 12.5%. 
 (d) The parties acknowledge and agree that an objective of the Rexnord Group is to maximize value for its shareholders, which may include consummating
(or participating in the consummation of) (i) a transaction (including, without limitation, any merger, consolidation, recapitalization or sale of assets or equity interests) the result of which is that any Person (as defined in the Merger
Agreement) other than Apollo or an affiliate of Apollo becomes the beneficial owner, directly or indirectly, of more than 50% of the voting stock of Rexnord, Chase Acquisition I, Inc. (“Chase”), RBS Global or Rexnord LLC (f/k/a
Rexnord Corporation), or all or substantially all of the assets of the Rexnord Group (each such event, a “Change of Control”), or (ii) one or more initial public offerings of the common stock or other equity interests of
Rexnord, Chase, RBS Global or Rexnord LLC (each such event, an “IPO”). The services provided to the Rexnord Group by Apollo pursuant to this Agreement will help to facilitate the consummation of a Change of Control or IPO, should
Rexnord decide to pursue such a transaction. In consideration of the services provided pursuant hereto, following the provision of notice to Apollo by Rexnord of Rexnord’s or another member of the Rexnord Group’s intent to enter into an
event that constitutes a Change of Control or an IPO, Apollo may elect at any time in connection with or in anticipation of such Change of Control or IPO (or at any time thereafter) (which election shall be made by the delivery of notice to Rexnord
(such notice, the “Notice”, and the date on which such Notice is delivered to Rexnord, the “Notice Date”)) to receive the Lump Sum Payment (as defined below), in lieu of annual payments of the fee set forth in
Section 4(a) above, such amount to be paid, unless prohibited by the terms of any agreement or indenture governing material indebtedness of the Rexnord Group, on the date on which such Change of Control or IPO is consummated, or, if the
Notice occurs, subsequent to such date, as soon as practicable, but in no event, unless prohibited by the terms of any agreement or indenture governing material indebtedness of the Rexnord Group, later than 30 days subsequent to the Notice Date. The
“Lump Sum Payment” shall be a single lump sum cash payment equal to the then present value of all then current and future fees payable pursuant to Section 4(a) above, assuming the Term ends on the date that is the
twelfth anniversary hereof (using a discount rate equal to the yield to maturity on the Notice Date of the class of outstanding U.S. government bonds having a final maturity closest to the twelfth anniversary of the date hereof (the
“Discount Rate”)); provided, however, that no portion of the Lump Sum Payment shall be payable to Apollo if on the Notice Date Apollo and its affiliates (taken as a whole) do not own any beneficial economic interest in
the Rexnord Group. The Lump Sum Payment will be payable to Apollo by wire transfer in same-day funds to a bank account designated by Apollo. 
  

 2 

 (e) To the extent Rexnord does not pay any portion of the Lump Sum Payment by reason of any prohibition
on such payment pursuant to the terms of any agreement or indenture governing material indebtedness of the Rexnord Group, any unpaid portion of the Lump Sum Payment shall be paid to Apollo on the first date on which the payment of such unpaid amount
is permitted under such agreement or indenture, to the extent permitted by such agreement or indenture. Any portion of the Lump Sum Payment not paid on the scheduled due date shall bear interest at an annual rate equal to the Discount Rate,
compounded quarterly, from the date due until paid. 
 (f) Upon presentation by Apollo to Rexnord of such documentation as may be reasonably
requested by Rexnord, Rexnord shall reimburse, or cause its subsidiaries to reimburse, Apollo for all out-of-pocket expenses, including, without limitation, legal fees and expenses, and other disbursements incurred by Apollo, its affiliates or any
of its or its affiliates’ limited partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives in the performance of Apollo’s obligations hereunder, whether incurred on, after or prior
to the date hereof, including, without limitation, out-of-pocket expenses incurred in connection with the Zurn Acquisition. 
 (g) Nothing in
this Agreement shall have the effect of prohibiting Apollo, its affiliates or any of its or its affiliates’ limited partners, general partners, directors, members, officers, managers, employees, agents, advisors or representatives from
receiving from Rexnord or any other member of the Rexnord Group any other fees, including any fee payable pursuant to Section 7. 
 Section 5. Indemnification. Rexnord agrees that it shall, and it shall cause its subsidiaries to, indemnify and hold harmless Apollo, its affiliates and its and its affiliates’ limited partners, general partners, directors,
members, officers, managers, employees, agents, advisors or representatives (collectively, the “Indemnified Persons”) on demand from and against any and all claims, demands, actions, causes of action, judgments, obligations,
contracts, agreements, debts, liabilities, costs, expenses and disbursements, whether known or unknown, contingent or otherwise, both at law and in equity (collectively, “Claims”) of any kind with respect to or arising from this
Agreement or the performance by any Indemnified Person of any services in connection herewith. Notwithstanding the foregoing provision, Rexnord shall not be liable for any Claim under this Section 5 arising from the willful misconduct of
any Indemnified Person. 
 Section 6. Limitation on Damages. Rexnord’s sole remedy against Apollo for breach of this
Agreement shall be to offset any fees otherwise payable to Apollo by the amount of any Claims arising out of or relating to this Agreement or the services to be rendered hereunder; it being understood that any recovery will be limited to actual
damages. No Indemnified Person shall be liable to the Rexnord Group (a) for any breach hereunder by another Indemnified Person or (b) for any breach by it, unless the same constitutes fraud or willful misconduct as determined in a final
judgment of a court of competent jurisdiction from which no appeal can be made. 
 Section 7. Other Services. If Rexnord shall
determine that it is advisable for any member of the Rexnord Group to hire a financial advisor, consultant, investment bank or any similar agent in connection with any merger, acquisition, disposition, recapitalization, divestiture, sale of assets,
joint venture, issuance of securities (whether equity, equity-linked, debt or otherwise), financing or any similar transaction, Rexnord shall notify Apollo of such determination in writing. Promptly thereafter, upon the request of Apollo, the
parties shall negotiate in good faith to agree upon appropriate services, additional compensation and indemnification for the relevant member of the Rexnord Group to hire Apollo or its affiliates for such services. No member of the Rexnord Group may
hire any Person, other than Apollo or its affiliates, for any services, unless all of the following conditions have been satisfied: (a) the parties are unable to agree after 30 days following receipt by Apollo of such written notice;
(b) such other Person has a reputation that is at least equal to the reputation of Apollo in respect of such services; (c) 10 business days shall have elapsed after Rexnord provides a written notice to Apollo of its intention to hire such
other Person, which notice shall identify such other Person and shall describe in reasonable detail the nature of the services to be provided, the compensation to be paid and the indemnification to be provided; (d) the compensation to be paid
is not more than Apollo was willing to accept in the negotiations described above; and (e) the indemnification to be provided is not more favorable to the relevant member of the Rexnord Group than the indemnification that Apollo was willing to
accept in the negotiations described above. In the absence of an express agreement to the contrary, at the closing of any merger, acquisition, disposition, recapitalization, divestiture, sale of assets, joint venture, issuance of securities (whether
equity, equity-linked, debt or otherwise), financing or any similar transaction, Apollo shall receive a fee equal to 1% of the aggregate enterprise value paid or provided by the Rexnord Group (including the aggregate value of (x) equity
securities, warrants, rights and options acquired or retained, (y) indebtedness acquired, assumed or refinanced, and (z) any other consideration or compensation paid in connection with such transaction). 
  

 3 

 Section 8. Notices. All notices, requests, consents and other communications hereunder shall
be in writing and shall be deemed sufficient if personally delivered, sent by nationally-recognized overnight courier, by telecopy, or by registered or certified mail, return receipt requested and postage prepaid, addressed as follows: 

if to Apollo, to: 
 Apollo Management VI, L.P. 

10250 Constellation Blvd, Suite 2900 
 Los Angeles, CA 90067 
 Telecopy No.: (310) 843-1933 
 Attention: Mr. Laurence Berg 
 if to Rexnord:

 Rexnord Holdings, Inc. 
 c/o
Rexnord LLC 
 4701 Greenfield Avenue 
 Milwaukee, WI 53214 
 Telecopy: (414) 643-3078 
 Attention: Robert Hitt 
 or to such other address as the party to whom notice is to be given may have furnished to each
other party in writing in accordance herewith. Any such notice or communication shall be deemed to have been received (a) in the case of personal delivery, on the date of such delivery, (b) in the case of nationally-recognized overnight
courier, on the next business day after the date when sent, (c) in the case of telecopy transmission, when received, and (d) in the case of mailing, on the third business day following that on which the piece of mail containing such
communication is posted. 
 Section 9. Benefits of Agreement. This Agreement shall bind and inure to the benefit of Apollo,
Rexnord, the other members of the Rexnord Group, the Indemnified Persons and any successors to or assigns of Apollo, Rexnord and the Indemnified Persons; provided, however, that other than any assignment to an affiliate of Apollo, this
Agreement may not be assigned by either party hereto without the prior written consent of the other party, which consent will not be unreasonably withheld in the case of any assignment by Apollo. Upon Apollo’s request, Rexnord shall cause the
other members of the Rexnord Group to become parties hereto directly in order to avail themselves of the services hereunder. 
 Section 10. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York (without giving effect to principles of conflicts of laws that would give effect to
the laws of another jurisdiction). 
 Section 11. Headings. Section headings are used for convenience only and shall in no way
affect the construction of this Agreement. 
 Section 12. Entire Agreement; Amendments. This Agreement contains the entire
understanding of the parties with respect to its subject matter, and neither it nor any part of it may in any way be altered, amended, extended, waived, discharged or terminated except by a written agreement signed by each of the parties hereto.

 Section 13. Counterparts. This Agreement may be executed in counterparts, including via facsimile transmission, and each such
counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but one agreement. 
 Section 14. Waivers. Any party to this Agreement may, by written notice to the other party, waive any provision of this Agreement. The waiver by any party of a breach of any provision of this Agreement shall not operate or be
construed as a waiver of any subsequent breach. 
 * * * * *IN WITNESS WHEREOF, the parties have executed this Amended and Restated Management

 Consulting Agreement as of the date first above written. 
  

 4 

			
	REXNORD HOLDINGS, INC.
		
	By:	 	 /s/ GEORGE C. MOORE

	Name:	 	George C. Moore
	Title:	 	Executive Vice President and Chief
		 	Financial Officer
	
	APOLLO MANAGEMENT VI, L.P.
	
	By: AIF VI Management, LLC,
	       its General Partner
		
	By:	 	 /s/ STEVEN MARTINEZ

	Name:	 	Steven Martinez
	Title:	 	Partner
	
	APOLLO ALTERNATIVE ASSETS, L.P.
	
	By: Apollo Alternative Assets GP Limited,
	       its General Partner
		
	By:	 	 /s/ STEVEN MARTINEZ

	Name:	 	Steven Martinez
	Title:	 	Partner

  

 5Officers' Certificate of Amgen Inc. dated as of May 23, 2008

 Exhibit 4.2 
 OFFICERS’ CERTIFICATE 
 OF 
 AMGEN INC. 
 Dated as of May 23, 2008 
 The undersigned officers of the Company certify, pursuant to resolutions duly adopted by the Board of Directors at a meeting duly held on March 11,
2008, and the unanimous written consent of the Offering Committee of the Board of Directors, dated as of May 20, 2008 (collectively, the “Resolutions”), and in accordance with Sections 2.1, 2.2 and 2.3 of the Indenture, dated
as of August 4, 2003 (the “Indenture”; capitalized terms used herein and not otherwise defined shall have the meanings given to them in the Indenture), between Amgen Inc., a Delaware corporation (the
“Company”), and The Bank of New York (as successor to JPMorgan Chase Bank, N.A.), as trustee (the “Trustee”), the following matters related to the issuance of the Company’s 6.15% Senior Notes due 2018 (the
“2018 Notes”), and 6.90% Senior Notes due 2038 (the “2038 Notes”): 
 1. Attached hereto as
Annex A is a true and correct copy of a specimen note (the “Form of 2018 Note”) representing the 2018 Notes, and attached hereto as Annex B is a true and correct copy of a specimen note (the “Form of 2038 Note”)
representing the 2038 Notes. The Form of 2018 Note and Form of 2038 Note are herein collectively referred to as the “Forms of Notes.” The Forms of Notes set forth certain of the terms required to be set forth in this Certificate
pursuant to Section 2.2 of the Indenture, and said terms are incorporated herein by reference. The 2018 Notes and the 2038 Notes are each a separate series of Securities under the Indenture and are referred to herein collectively as the
“Notes.” 
 2. The title of the 2018 Notes shall be the “Senior Notes due 2018,” and the title of
the 2038 Notes shall be the “Senior Notes due 2038.” 
 3. The 2018 Notes shall be issued at the initial offering
price of 99.828% of the principal amount and the 2038 Notes shall be issued at the initial offering price of 99.683% of the principal amount. 
 4. The Company will initially issue $500,000,000 aggregate principal amount of 2018 Notes and $500,000,000 aggregate principal amount of 2038 Notes (in each case except for Notes authenticated and delivered upon
registration of transfer of, in exchange for, or in lieu of, other Notes pursuant to Sections 2.7, 2.8, 2.11, 3.6 or 9.6 of the Indenture). The Company may issue additional 2018 Notes and/or 2038 Notes from time to time after the date hereof, and
such Notes will be treated as part of the respective series of Notes for all purposes under the Indenture. 

 5. The Notes shall be issued as Global Securities only and will be exchangeable for
certificated notes (“Certificated Notes”) only if: 
  

	 	(a)	DTC (x) notifies the Company that it is unwilling or unable to continue as depository for the Global Securities or (y) at any time has ceased to be a clearing agency
registered under the Exchange Act at a time when it is required to be registered and, in either case, the Company fails to appoint a successor depository registered as a clearing agency under the Exchange Act within 90 days of notification to the
Company or the Company becoming aware of DTC’s ceasing to be so registered, as the case may be; 

  

	 	(b)	the Company, at its option, notifies the Trustee in writing to the effect that the Company elects to cause the issuance of the Certificated Notes; or 

  

	 	(c)	there has occurred and is continuing an Event of Default with respect to the Notes. 

 Certificated Notes delivered in exchange for any Global Security or beneficial interests in Global Securities will be registered in the names, and issued in any approved denominations, requested by or on behalf of the
depository (in accordance with its customary procedures). 
 6. The Notes shall be denominated in Dollars and payments of
principal and interest shall be made in Dollars. 
 7. In addition to the provisions set forth in Article IV of the Indenture,
the following additional provisions shall apply to the Notes and shall be incorporated into the Indenture with respect to the Notes: 
 Section 4.5 Change of Control Offer. 
 (a) If a Change of Control Triggering Event occurs, unless the
Company has exercised its option to redeem the Notes as described in Section 5 of the Security, the Company will be required to make an offer (the “Change of Control Offer”) to each Holder 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 in such Security. 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,
a notice will be provided to Holders describing the transaction that constitutes the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date will be no earlier than 30 days and no later
than 60 days from the date such notice is provided (the “Change of Control Payment Date”); provided, however, that in no event will the Change of Control Payment Date occur prior to the date 90 days following the issuance of the
Notes. 
  

 2 

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

  

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

  

	 	(ii)	deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered; and 

  

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

 (c) Notwithstanding the foregoing, 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 under the Indenture, other than a Default in the payment of the Change of Control Payment upon a Change of Control Triggering Event. 
 (d) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the Notes 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 will comply with those securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Offer provisions of the Notes
by virtue of any such conflict. 
 (e) For the purposes of this Section 4.5 only, the following definitions shall apply:

 “Beneficial Owner” shall be determined in accordance with Rules 13d-3 and 13d-5 under the Exchange Act or any successor
provisions, except that a Person will be deemed to have beneficial ownership of all shares that Person has the right to acquire irrespective of whether that right is exercisable immediately or only after the passage of time. 
 “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 or Group (other than the Company or one of its Subsidiaries) becomes the Beneficial Owner, 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; provided, however, that a Person shall not be deemed Beneficial
Owner of, or to own beneficially, (A) any securities tendered pursuant to a tender or exchange offer made by or on behalf of such Person or any of such Person’s affiliates until such tendered securities are accepted for purchase or
exchange thereunder, or (B) any securities if such beneficial ownership (i) arises solely as a result of a revocable proxy delivered in response to a proxy or consent solicitation made pursuant to the applicable rules and regulations under
the Exchange Act, and 

  

 3 

 
(ii) is not also then reportable on Schedule 13D (or any successor schedule) under the Exchange Act; (2) the direct or indirect sale, transfer,
conveyance or other disposition (other than by way of merger or consolidation), in one or more series of related transactions, of all or substantially all of the Company’s assets and the assets of the Company’s Subsidiaries, taken as a
whole, to one or more Persons or Groups (other than the Company or one of its Subsidiaries); provided that none of the circumstances in this clause (2) will be a Change of Control if the Persons that beneficially own the Company’s
Voting Stock immediately prior to the transaction own, directly or indirectly, shares with a majority of the total voting power of all outstanding voting securities of the surviving or transferee Person that are entitled to vote generally in the
election of that Person’s board of directors, managers or trustees immediately after the transaction; (3) the Company consolidates with, or merges with or into any Person, or any Person consolidates with, or merges with or into, the
Company, in any such event pursuant to a transaction in which any of the Company’s outstanding Voting Stock or the Voting Stock of such other Person is converted into or exchanged for cash, securities or other property, other than such
transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person or any direct or indirect
parent company of the surviving Person immediately after giving effect to such transaction; (4) the first day on which a majority of the members of the Board of Directors are not Continuing Directors; or (5) the adoption of a plan relating
to the Company’s liquidation or dissolution. Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control under clause (1) above if (i) the Company becomes a direct or indirect wholly-owned subsidiary
of a holding company and (ii) (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 (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. 
 “Fitch” means Fitch, Inc., and its successors. 
 “Group” has the meaning given by Section 13(d) and 14(d) of the Exchange Act or any successor provisions and includes any group
acting for the purpose of acquiring, holding or disposing of securities within the meaning of Rule 13d-5(b)(1) under the Exchange Act or any successor provision. 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s, BBB- (or the equivalent) by S&P, and BBB- (or the equivalent) by Fitch, and the
equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company. 
 “Moody’s” means Moody’s Investors Service, Inc., and its successors. 
 “Person” has the
meaning given by Section 13(d) and 14(d) of the Exchange Act or any successor provisions. 
  

 4 

 “Rating Agencies” means (1) each of Fitch, Moody’s and S&P; and
(2) if any of Fitch, Moody’s or S&P ceases to rate the 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 Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by the Company (as certified by a resolution of the Board of Directors) as a replacement agency for Fitch, Moody’s or S&P, or all of them, as
the case may be. 
 “Rating Event” means the rating on the applicable series of Notes is lowered by at least two of the
three Rating Agencies and the Notes are rated below an Investment Grade Rating by at least two of the three Rating Agencies on any day during the period commencing 60 days prior to the first public notice of the occurrence of a Change of Control or
the Company’s intention to effect a Change of Control and ending 60 days following consummation of such Change of Control (which period will be extended so long as the rating of the applicable series of Notes is under publicly announced
consideration for a possible downgrade by any of the Rating Agencies). 
 “S&P” means Standard & Poor’s
Rating Services, a division of The McGraw-Hill Companies, Inc., and its successors. 
 “Voting Stock” as applied to stock of
any Person, means shares, interests, participations or other equivalents in the equity interest (however designated) in such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person,
other than shares, interests, participations or other equivalents having such power only by reason of the occurrence of a contingency. 
 Section 4.6 Limitation on Liens. 
 (a) The Company shall not, nor shall it permit any of its Subsidiaries to, create or
incur any Lien on any of their respective Properties, whether now owned or hereafter acquired, or upon any income or profits therefrom, in order to secure any Indebtedness of the Company, without effectively providing that such series of Notes shall
be equally and ratably secured until such time as such Indebtedness is no longer secured by such Lien, except: 
 (1) Liens
existing as of May 23, 2008 (the “Closing Date”); 
 (2) Liens granted after the Closing Date on any of
the Company or any of its Subsidiaries’ Properties securing Indebtedness of the Company created in favor of the Holders of the Notes; 
 (3) Liens securing Indebtedness of the Company which are incurred to extend, renew or refinance Indebtedness which is secured by Liens permitted to be incurred under the Indenture; provided that those Liens do
not extend to or cover any of the Company or any of its Subsidiaries’ Property other than the Property securing the Indebtedness being refinanced and that the principal amount of such Indebtedness does not exceed the principal amount of the
Indebtedness being refinanced; 
 (4) Liens created in substitution of or as replacements for any Liens permitted by the
preceding clauses (1) through (3) directly above, provided that, based on a good 

  

 5 

 
faith determination of an Officer of the Company, the Property encumbered under any such substitute or replacement Lien is substantially similar in nature to
the Property encumbered by the otherwise permitted Lien which is being replaced; and 
 (5) Permitted Liens. 
 (b) Notwithstanding the foregoing, the Company and any of its Subsidiaries may, without securing any series of Notes, create or incur Liens which would
otherwise be subject to the restrictions set forth in the preceding paragraph, if after giving effect thereto, Exempted Debt does not exceed the greater of (x) 35% of Consolidated Net Worth calculated as of the date of the creation or
incurrence of the Lien or (y) 35% of Consolidated Net Worth calculated as of the Closing Date. 
 Section 4.7 Limitation on Sale
and Lease-Back Transactions. 
 (a) The Company shall not and shall not permit any of its Subsidiaries to, enter into any sale and
lease-back transaction for the sale and leasing back of any Property, whether now owned or hereafter acquired, of the Company or any Subsidiary of the Company, unless: 
 (1) such transaction was entered into prior to the Closing Date; 
 (2) such transaction was for the sale and leasing back of any Property by a Subsidiary of the Company to the Company; 
 (3) such transaction involves a lease for less than three years; 
 (4) the Company would be entitled to incur Indebtedness secured by a mortgage on the property to be leased in an amount equal to the
Attributable Liens with respect to such sale and lease-back transaction without equally and ratably securing the Notes pursuant to Section 4.6; or 
 (5) the Company applies an amount equal to the fair value of the proceeds of the Property sold to the purchase of Property or to the retirement of long-term Indebtedness of the Company or any of its Subsidiaries
within 120 days of the effective date of any such sale and lease-back transaction. In lieu of applying such amount to such retirement, the Company may, or may cause any of its Subsidiaries to, deliver debt securities to the Trustee therefor for
cancellation, such debt securities to be credited at the cost thereof to the Company. 
 (b) Notwithstanding the foregoing, the Company and
any of its Subsidiaries may enter into any sale and lease-back transaction which would otherwise be subject to the foregoing restrictions if after giving effect thereto and at the time of determination, Exempted Debt does not exceed the greater of
(a) 35% of Consolidated Net Worth calculated as of the closing date of the sale-leaseback transaction or (b) 35% of Consolidated Net Worth calculated as of the Closing Date. 
 8. In addition to the definitions set forth in Article I of the Indenture, each of the Notes shall include the following additional definitions,
which, in the event of a conflict with the definition of terms in the Indenture, shall control: 
  

 6 

 “Attributable Liens” means in connection with a sale and lease-back transaction the
lesser of: 
 (1) the fair market value of the assets subject to such transaction; and 
 (2) the present value (discounted at a rate per annum equal to the average interest borne by all outstanding debt securities issued under the Indenture
(which may include debt securities in addition to the Notes) determined on a weighted average basis and compounded semi-annually) of the obligations of the lessee for rental payments during the term of the related lease. 
 “Business Day” means any day except a Saturday, Sunday or a legal holiday in the City of New York on which banking institutions are
authorized or required by law, regulation or executive order to close. 
 “Capital Lease” means any Indebtedness represented
by a lease obligation of a Person incurred with respect to real property or equipment acquired or leased by such Person and used in its business that is required to be recorded as a capital lease in accordance with GAAP. 
 “Consolidated Net Worth” means, as of any date of determination, the Stockholders’ Equity of the Company and its Consolidated
Subsidiaries on that date. 
 “Consolidated Subsidiary” means, as of any date of determination and with respect to any
Person, any Subsidiary of that Person whose financial data is, in accordance with GAAP, reflected in that Person’s consolidated financial statements. 
 “Continuing Director” means, as of any date of determination, any member of the Board of Directors who: 
 (1) was a member of the Board of Directors on the Closing Date; or 
 (2) was nominated for election or elected to the Board of Directors with the approval of a majority of the Continuing Directors who were
members of the Board of Directors at the time of such nomination or election. 
 “Credit Agreement” means the Credit
Agreement, dated as of November 2, 2007, by and among the Company, Citibank N.A., Citicorp USA, Inc., as administrative agent, Barclays Bank PLC, as syndication agent, and Citigroup Global Markets, Inc. and Barclays Capital, as joint lead
arrangers and joint book runners, as such agreement may be amended (including any amendment, restatement, refinancing and successors thereof), supplemented or otherwise modified from time to time, including any increase in the principal amount of
the obligations thereunder. 
 “Credit Facilities” means, one or more debt facilities (including, without limitation, the
Credit Agreement) or commercial paper facilities, in each case, with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to
special purpose entities formed to borrow from such lenders against such receivables) or letters of credit, in each case, as amended, restated, 

  

 7 

 
modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced (including by means of sales of debt securities to
institutional investors) in whole or in part from time to time. 
 “Exempted Debt” means the sum of the following as of the
date of determination: 
 (1) Indebtedness of the Company incurred after the Closing Date and secured by Liens not permitted by
Section 4.6(a) above; and 
 (2) Attributable Liens of the Company and any of its Subsidiaries in respect of sale and lease-back
transactions entered into after the Closing Date pursuant to Section 4.7(b) above. 
 “GAAP” means accounting
principles generally accepted in the United States set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination. 
 “Governmental Agency” means: 
 (1) any foreign, federal, state, county or municipal government, or political subdivision thereof; 
 (2) any governmental
or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body; 
 (3) any court or
administrative tribunal; 
 (4) with respect to any Person, any arbitration tribunal or other nongovernmental authority to whose
jurisdiction that Person has consented. 
 “Hedging Obligations” means, with respect to any specified Person, the
obligations of such Person under: 
 (1) interest rate swap agreements (whether from fixed to floating or from floating to fixed),
interest rate cap agreements and interest rate collar agreements; 
 (2) other agreements or arrangements designed to manage interest
rates or interest rate risk; and 
 (3) other agreements or arrangements designed to protect such Person against fluctuations in
currency exchange rates or commodity prices. 
 “Indebtedness” of any Person means, without duplication, any indebtedness,
whether or not contingent, in respect of borrowed money or evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements with respect thereto) or representing the balance deferred and unpaid of the
purchase price of any Property (including 

  

 8 

 
pursuant to Capital Leases), except any such balance that constitutes an accrued expense or trade payable, if and to the extent any of the foregoing
indebtedness would appear as a liability upon a balance sheet of such Person prepared on a consolidated basis in accordance with GAAP (but does not include contingent liabilities which appear only in a footnote to a balance sheet), and shall also
include, to the extent not otherwise included, the guaranty of items which would be included within this definition. 
 “Laws” means, collectively, all foreign, federal, state and local statutes, treaties, rules, regulations, ordinances, codes and administrative or controlling precedents of any Governmental Agency. 
 “Lien” means any lien, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention
agreement, any lease in the nature thereof, and any agreement to give any security interest). 
 “Make-Whole Amount” means
the excess of (1) the net present value, on the redemption date, of the principal being redeemed or paid and the amount of interest (exclusive of interest accrued to the date of redemption) that would have been payable if such redemption had
not been made, over (2) the aggregate principal amount of the 2018 Notes or the 2038 Notes, as applicable, being redeemed or paid. Net present value shall be determined by discounting, on a semi-annual basis, such principal and interest at the
Reinvestment Rate (as determined on the third Business Day preceding the date such notice of redemption is given) from the respective dates on which such principal and interest would have been payable if such redemption had not been made.

 “Permitted Liens” means: 
 (1) Liens securing Indebtedness under Credit Facilities; 
 (2) Liens on accounts receivable,
merchandise inventory, equipment, and patents, trademarks, trade names and other intangibles, securing Indebtedness of the Company; 
 (3) Liens on any assets of the Company, any of its Subsidiaries’ assets, or the assets of any joint venture to which the Company or any of its Subsidiaries is a party, created solely to secure obligations incurred to finance the
refurbishment, improvement or construction of such asset, which obligations are incurred no later than 24 months after completion of such refurbishment, improvement or construction, and all renewals, extensions, refinancings, replacements or
refundings of such obligations; 
 (4) (a) Liens given to secure the payment of the purchase price incurred in connection with the
acquisition (including acquisition through merger or consolidation) of Property (including shares of stock), including Capital Lease transactions in connection with any such acquisition, and (b) Liens existing on Property at the time of
acquisition thereof or at the time of acquisition by the Company or one of its Subsidiaries of any Person then owning such Property whether or not such existing Liens were given to secure the payment of the purchase price of the Property to which
they attach; provided that, with respect to clause (a), the Liens shall be given within 24 months after such acquisition and shall attach solely to the Property acquired or purchased and any improvements then or thereafter placed thereon;

  

 9 

 (5) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment
of customs duties in connection with the importation of goods; 
 (6) Liens upon specific items of inventory or other goods and proceeds
of any Person securing such Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 
 (7) Liens securing reimbursement obligations with respect to letters of credit that encumber documents and other Property relating to such letters
of credit and the products and proceeds thereof; 
 (8) Liens on key-man life insurance policies granted to secure Indebtedness of the
Company against the cash surrender value thereof; 
 (9) Liens encumbering customary initial deposits and margin deposits and other
Liens in the ordinary course of business, in each case securing Hedging Obligations and forward contract, option, futures contracts, futures options or similar agreements or arrangements designed to protect the Company or any of its Subsidiaries
from fluctuations in interest rates, currencies or the price of commodities; 
 (10) Liens arising out of conditional sale, title
retention, consignment or similar arrangements for the sale of goods entered into by Company or any of its Subsidiaries in the ordinary course of business; 
 (11) pre-existing Liens on assets acquired by the Company or any of its Subsidiaries after the Closing Date; 
 (12) Liens in favor of the Company or in favor of any of its Subsidiaries; 
 (13) inchoate Liens incident to construction
or maintenance of real property, or Liens incident to construction or maintenance of real property, now or hereafter filed of record for sums not yet delinquent or being contested in good faith, if reserves or other appropriate provisions, if any,
as shall be required by GAAP shall have been made therefore; 
 (14) statutory Liens arising in the ordinary course of business with
respect to obligations which are not delinquent or are being contested in good faith, if reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made therefore; 
 (15) Liens consisting of pledges or deposits to secure obligations under workers’ compensation laws or similar legislation, including Liens of
judgments thereunder which are not currently dischargeable; 
 (16) Liens consisting
of pledges or deposits of Property to secure performance in connection with operating leases made in the ordinary course of business to which Company or any of its Subsidiaries is a party as lessee, provided the aggregate value of all such
pledges and deposits in connection with any such lease does not at any time exceed 16 2/3% of the annual fixed rentals payable
under such lease; 
  

 10 

 (17) Liens consisting of deposits of Property to secure statutory obligations of the Company or
statutory obligations of any of its Subsidiaries in the ordinary course of its business; 
 (18) Liens consisting of deposits of
Property to secure (or in lieu of) surety, appeal or customs bonds in proceedings to which the Company or any of its Subsidiaries is a party in the ordinary course of its business, but not in excess of $75,000,000; 
 (19) purchase money Liens or purchase money security interests upon or in any Property acquired or held by Company or any of its Subsidiaries in the
ordinary course of business to secure the purchase price of such Property or to secure Indebtedness incurred solely for the purpose of financing the acquisition of such Property; 
 (20) Liens on an asset created in connection with the acquisition, construction or development of additions, extensions or improvements to such asset
which shall be financed by obligations described in Sections 142, 144(a) or 144(c) of the Internal Revenue Code of 1986, as amended, or by obligations entitled to substantially similar tax benefits under other legislation or regulations in effect
from time to time; and 
 (21) Liens on Property subject to escrow or similar arrangements established in connection with litigation
settlements. 
 “Property” means any property or asset, whether real, personal or mixed, or tangible or intangible.

 “Reinvestment Rate” means for the 2018 Notes, 0.15%, and for the 2038 Notes, means 0.20%, in each case plus the
arithmetic mean of the yields under the respective heading “Week Ending” published in the most recent Statistical Release under the caption “Treasury Constant Maturities” for the maturity (rounded to the nearest month)
corresponding to the remaining life to maturity, as of the payment date of the principal being redeemed or paid. If no maturity exactly corresponds to such maturity, yields for the two published maturities most closely corresponding to such maturity
shall be calculated pursuant to the immediately preceding sentence and the Reinvestment Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding in each of such relevant periods to the nearest month. For the
purpose of calculating the Reinvestment Rate, the most recent Statistical Release published prior to the date of determination of the Make-Whole Amount shall be used. 
 “Statistical Release” means the statistical release designated “H.15(519)” or any successor publication which is published weekly by the Federal Reserve System and which establishes yields
on actively traded United States government securities adjusted to constant maturities, or, if such Statistical Release is not published at the time of any determination under the Indenture, then such other reasonably comparable index which shall be
designated by the Company. 
 “Stockholders’ Equity” means, as of any date of determination, stockholders’ equity
as of that date determined in accordance with GAAP; provided that there shall be excluded from Stockholders’ Equity any amount attributable to capital stock that is, directly or indirectly, required to be redeemed or repurchased by the
issuer thereof at a specified date or upon the occurrence of specified events or at the election of the holder thereof. 
  

 11 

 9. The Depository for the Notes shall be The Depository Trust Company (“DTC”).

 10. Each of the undersigned is authorized to approve the form, terms and conditions of the Notes. 
 11. Each of the undersigned has read the provisions of the Indenture, including the covenants and conditions precedent, pertaining to the issuance of the
Notes. 
 12. In connection with this Certificate, each of the undersigned has examined the documents, corporate records and certificates and
has made such inquiries of the other officers of the Company, which he has deemed necessary to enable him to express an informed opinion as to whether or not such comments and conditions have been complied with. 
 13. In the opinion of each of the undersigned, all of the conditions and covenants related to the issuance of the Notes have been complied with.

  

 12 

 IN WITNESS WHEREOF, the undersigned have executed this Officers’ Certificate as of the date
first set forth above. 
  

					
	By:	 	/s/    PAMELA M.G. WAPNICK
		 	Name: 	 	Pamela M.G. Wapnick
		 	Title: 	 	Vice President, Finance and Treasurer

  

					
	By:	 	/s/    ROBERT A. BRADWAY
		 	Name: 	 	Robert A. Bradway
		 	Title: 	 	 Executive Vice President and
 Chief Financial Officer

 Signature Page to Officers’ Certificate for the Notes 

 Annex A 
 Form of 2018 Note 

 [Face of Note] 
 CUSIP 031162 AX8 
 6.15% Senior Notes due 2018 
  

			
	No.            	  	$                    

 AMGEN INC. 
 promises to pay to CEDE & CO. or registered assigns, 
 the principal sum of
             on June 1, 2018. 
 Interest Payment Dates: June 1 and
December 1 
 Record Dates: 15th day prior to June 1 and December 1 
 Dated:
                     
  

			
	AMGEN INC.
		
	By:	 	 
		 	 Name:
 Title:

		
	By:	 	 
		 	 Name:
 Title:

 This is one of the Notes referred to 
 in the within-mentioned Indenture: 
 The Bank of New York, 
 as Trustee 
  

			
	By:	 	 
		 	Authorized Officer

 [REVERSE SIDE OF NOTE] 
 6.15% SENIOR NOTES DUE 2018 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY OR A NOMINEE OF THE DEPOSITORY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY, BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITORY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), 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. 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
  

	 	(1)	INTEREST. Amgen Inc., a Delaware corporation (the “Company”), promises to pay interest on the principal amount of this Note at 6.15% per annum from
May 23, 2008 until maturity. The Company will pay interest semi-annually in arrears on June 1 and December 1 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest
Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that the first Interest Payment Date shall be
December 1, 2008; provided further that after December 1, 2008, if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next
succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date. 

  

	 	(2)	 METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of
business on the day that is 15 days prior to the next succeeding Interest Payment Date (whether or not such day is a Business Day), even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as
provided in Section 2.13 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal and interest at the office or agency of the Company maintained for such purpose in the Borough of Manhattan, the City and
State of New York (or, if the Company fails to maintain such office or agency, at the corporate trust office of the trustee in New York, 

	 	 
New York or if the trustee does not maintain an office in New York, at the office of a paying agent in New York), or, at the option of the Company, payment
of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest on all
Global Securities and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in the currency of the United States of America. 

  

	 	(3)	PAYING AGENT AND REGISTRAR. Initially, The Bank of New York (as successor to JPMorgan Chase Bank, N.A.), the Trustee under the Indenture, will act as Paying Agent and Registrar. The
Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

  

	 	(4)	INDENTURE. The terms of the Notes include those stated in the Indenture dated August 4, 2003 between the Company and the Trustee (the “Indenture”), and those
made part of the Indenture by the Officers’ Certificate dated May 23, 2008 delivered pursuant thereto (the “Officers’ Certificate”) and the TIA. The Notes are subject to all such terms, and the Holders are referred to
the Indenture and the TIA for a statement of them. 

  

	 	(5)	OPTIONAL REDEMPTION. At any time prior to maturity, the Company will have the option to redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice,
at a redemption price equal to the sum of (1) 100% of the principal amount of any Notes being redeemed plus accrued and unpaid interest to, but not including, the redemption date, and (2) the Make-Whole Amount. Unless the Company defaults
in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

  

	 	(6)	NOTICE OF REDEMPTION. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its
registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction or discharge of the Indenture. Notes in
denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. 

  

	 	(7)	MANDATORY REDEMPTION. Except as provided in Section 8 below, the Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

  

	 	(8)	CHANGE OF CONTROL TRIGGERING EVENT. In the event of a Change of Control Triggering Event, the Holders may require the Company to purchase for cash all or a portion of their Notes at
a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any, pursuant to the provisions of Section 7 of the Officers’ Certificate. 

  

	 	(9)	DEFEASANCE PRIOR TO MATURITY. The Indenture contains provisions for defeasance of (i) the entire indebtedness of the Notes or (ii) certain covenants and Events of Default
with respect to the Notes, in each case upon compliance with certain conditions set forth therein. 

	 	(10)	RESTRICTIVE COVENANTS. The Indenture and the Officers’ Certificate impose certain limitations on the Company and its Subsidiaries, including limitations on the Company’s
and its Subsidiaries’ ability to create or incur certain Liens on any of their respective properties or assets and to enter into certain sale and lease-back transactions and on the Company’s ability to engage in mergers or consolidations
or the conveyance, transfer or lease of all or substantially all of its properties and assets. These limitations are subject to a number of important qualifications and exceptions and reference is made to the Indenture and the Officers’
Certificate for a description thereof. 

  

	 	(11)	DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000. The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any
taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part.
Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date.

  

	 	(12)	PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

  

	 	(13)	AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in
aggregate principal amount of the then outstanding Notes voting as a single class, and any existing Default or Event or Default or compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of a
majority in aggregate principal amount of the then outstanding Notes voting as a single class. Without the consent of any Holder of a Note, the Indenture or the Notes may be amended or supplemented to cure any ambiguity, defect or inconsistency, to
comply with Article V of the Indenture, to provide for uncertificated Notes in addition to or in place of certificated Notes, to make any change that would not adversely affect the rights under the Indenture of any such Holder, to provide for the
issuance of any additional notes as permitted by the Indenture, to appoint a successor trustee with respect to the notes and to add to or change any of the provisions of the Indenture necessary to provide for the administration of the trusts in the
Indenture by more than one trustee, or to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA. No amendment to cure any ambiguity, defect or inconsistency in the Indenture made
solely to conform the Indenture to the description of notes contained in the Prospectus Supplement related to the Notes, dated May 20, 2008 will be deemed to adversely affect the interests of the Holders of the Notes. 

 

	 	(14)	DEFAULTS AND REMEDIES. If an Event of Default shall occur and be continuing, the principal of the Notes may be declared (or, in certain cases, shall ipso facto become) due and
payable in the manner and with the effect provided in the Indenture. 

  

	 	(15)	 TRUSTEE DEALINGS WITH COMPANY. The Trustee under the Indenture, in its individual or any other capacity, may deal with the Company or an Affiliate of the 

	 	 
Company with the same rights it would have if it were not Trustee. 

  

	 	(16)	NO RECOURSE AGAINST OTHERS. A director, officer, employee or stockholder of the Company shall not have any liability for any obligations of the Company under the Notes or the
Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of
the Notes. 

  

	 	(17)	AUTHENTICATION. This Note will not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 

  

	 	(18)	ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

  

	 	(19)	CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the
Notes, and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance
may be placed only on the other identification numbers placed thereon. 

  

	 	(20)	GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE AND THIS NOTE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS
OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

 The Company will
furnish to any Holder upon written request and without charge a copy of the Indenture and/or the Officers’ Certificate. 
 Requests
may be made to: 
 Amgen Inc. 
 One Amgen Center Drive 
 Thousand Oaks, CA 91320-1799 
 Attention: Investor Relations 

 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
  

			
	 (I) or (we) assign and transfer this Note to:
	  	 
		  	(Insert assignee’s legal name)

  
  
 (Insert assignee’s soc. sec. or tax I.D. no.) 
  
  
  
  
  
  
  
  
 (Print or type assignee’s name, address and zip
code) 
 and irrevocably appoint
                                        
                                        
         
 to transfer this Note on the books of the Company. The agent may substitute another to act for him.

 Date:                      
  

			
		
	Your Signature: 	 	 
		 	(Sign exactly as your name appears on the face of this Note)

  
 Signature Guarantee*:
                         
  

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

 Annex B 
 Form of 2038 Note 

 [Face of Note] 
 CUSIP 031162 AY6 
 6.90% Senior Notes due 2038 
  

			
	No.            	  	$                    

 AMGEN INC. 
 promises to pay to CEDE & CO. or registered assigns, 
 the principal sum of
            on June 1, 2038. 
 Interest Payment Dates: June 1 and
December 1 
 Record Dates: 15th day prior to June 1 and December 
 Dated:
                     
  

			
	AMGEN INC.
		
	By:	 	 
		 	 Name:
 Title:

		
	By:	 	 
		 	 Name:
 Title:

 This is one of the Notes referred to 
 in the within-mentioned Indenture: 
 The Bank of New York, 
 as Trustee 
  

			
	By:	 	 
		 	Authorized Officer

 [REVERSE SIDE OF NOTE] 
 6.90% SENIOR NOTES DUE 2038 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITORY OR A NOMINEE OF THE DEPOSITORY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITORY OR ITS NOMINEE ONLY IN THE LIMITED
CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITORY TO A NOMINEE OF THE DEPOSITORY, BY A NOMINEE OF THE DEPOSITORY TO THE DEPOSITORY OR ANOTHER NOMINEE OF THE DEPOSITORY OR BY THE DEPOSITORY OR
ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITORY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITORY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), 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. 
 Capitalized terms used herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 
  

	 	(1)	INTEREST. Amgen Inc., a Delaware corporation (the “Company”), promises to pay interest on the principal amount of this Note at 6.90% per annum from
May 23, 2008 until maturity. The Company will pay interest semi-annually in arrears on June 1 and December 1 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest
Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that the first Interest Payment Date shall be
December 1, 2008; provided further that after December 1, 2008, if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next
succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date. 

  

	 	(2)	 METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of
business on the day that is 15 days prior to the next succeeding Interest Payment Date (whether or not such day is a Business Day), even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as
provided in Section 2.13 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal and interest at the office or agency of the Company maintained for such purpose in the Borough of Manhattan, the City and
State of New York (or, if the Company fails to maintain such office or agency, at the corporate trust office of the trustee in New York, 

	 	 
New York or if the trustee does not maintain an office in New York, at the office of a paying agent in New York), or, at the option of the Company, payment
of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest on all
Global Securities and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in the currency of the United States of America. 

  

	 	(3)	PAYING AGENT AND REGISTRAR. Initially, The Bank of New York (as successor to JPMorgan Chase Bank, N.A.), the Trustee under the Indenture, will act as Paying Agent and Registrar. The
Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

  

	 	(4)	INDENTURE. The terms of the Notes include those stated in the Indenture dated August 4, 2003 between the Company and the Trustee (the “Indenture”), and those
made part of the Indenture by the Officers’ Certificate dated May 23, 2008 delivered pursuant thereto (the “Officers’ Certificate”) and the TIA. The Notes are subject to all such terms, and the Holders are referred to
the Indenture and the TIA for a statement of them. 

  

	 	(5)	OPTIONAL REDEMPTION. At any time prior to maturity, the Company will have the option to redeem all or a part of the Notes upon not less than 30 nor more than 60 days’ notice,
at a redemption price equal to the sum of (1) 100% of the principal amount of any Notes being redeemed plus accrued and unpaid interest to, but not including, the redemption date, and (2) the Make-Whole Amount. Unless the Company defaults
in the payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for redemption on the applicable redemption date. 

  

	 	(6)	NOTICE OF REDEMPTION. Notice of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its
registered address, except that redemption notices may be mailed more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction or discharge of the Indenture. Notes in
denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. 

  

	 	(7)	MANDATORY REDEMPTION. Except as provided in Section 8 below, the Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

  

	 	(8)	CHANGE OF CONTROL TRIGGERING EVENT. In the event of a Change of Control Triggering Event, the Holders may require the Company to purchase for cash all or a portion of their Notes at
a purchase price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest, if any, pursuant to the provisions of Section 7 of the Officers’ Certificate. 

  

	 	(9)	DEFEASANCE PRIOR TO MATURITY. The Indenture contains provisions for defeasance of (i) the entire indebtedness of the Notes or (ii) certain covenants and Events of Default
with respect to the Notes, in each case upon compliance with certain conditions set forth therein. 

	 	(10)	RESTRICTIVE COVENANTS. The Indenture and the Officers’ Certificate impose certain limitations on the Company and its Subsidiaries, including limitations on the Company’s
and its Subsidiaries’ ability to create or incur certain Liens on any of their respective properties or assets and to enter into certain sale and lease-back transactions and on the Company’s ability to engage in mergers or consolidations
or the conveyance, transfer or lease of all or substantially all of its properties and assets. These limitations are subject to a number of important qualifications and exceptions and reference is made to the Indenture and the Officers’
Certificate for a description thereof. 

  

	 	(11)	DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000. The transfer of Notes may be
registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any
taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note being redeemed in part.
Also, the Company need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be redeemed or during the period between a record date and the corresponding Interest Payment Date.

  

	 	(12)	PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

  

	 	(13)	AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent of the Holders of at least a majority in
aggregate principal amount of the then outstanding Notes voting as a single class, and any existing Default or Event or Default or compliance with any provision of the Indenture or the Notes may be waived with the consent of the Holders of a
majority in aggregate principal amount of the then outstanding Notes voting as a single class. Without the consent of any Holder of a Note, the Indenture or the Notes may be amended or supplemented to cure any ambiguity, defect or inconsistency, to
comply with Article V of the Indenture, to provide for uncertificated Notes in addition to or in place of certificated Notes, to make any change that would not adversely affect the rights under the Indenture of any such Holder, to provide for the
issuance of any additional notes as permitted by the Indenture, to appoint a successor trustee with respect to the notes and to add to or change any of the provisions of the Indenture necessary to provide for the administration of the trusts in the
Indenture by more than one trustee, or to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA. No amendment to cure any ambiguity, defect or inconsistency in the Indenture made
solely to conform the Indenture to the description of notes contained in the Prospectus Supplement related to the Notes, dated May 20, 2008 will be deemed to adversely affect the interests of the Holders of the Notes. 

 

	 	(14)	DEFAULTS AND REMEDIES. If an Event of Default shall occur and be continuing, the principal of the Notes may be declared (or, in certain cases, shall ipso facto become) due and
payable in the manner and with the effect provided in the Indenture. 

  

	 	(15)	 TRUSTEE DEALINGS WITH COMPANY. The Trustee under the Indenture, in its individual or any other capacity, may deal with the Company or an Affiliate of the 

	 	 
Company with the same rights it would have if it were not Trustee. 

  

	 	(16)	NO RECOURSE AGAINST OTHERS. A director, officer, employee or stockholder of the Company shall not have any liability for any obligations of the Company under the Notes or the
Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for the issuance of
the Notes. 

  

	 	(17)	AUTHENTICATION. This Note will not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. 

  

	 	(18)	ABBREVIATIONS. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (=
joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

  

	 	(19)	CUSIP NUMBERS. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the
Notes, and the Trustee may use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance
may be placed only on the other identification numbers placed thereon. 

  

	 	(20)	GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE AND THIS NOTE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS
OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

 The Company will
furnish to any Holder upon written request and without charge a copy of the Indenture and/or the Officers’ Certificate. 
 Requests
may be made to: 
 Amgen Inc. 
 One Amgen Center Drive 
 Thousand Oaks, CA 91320-1799 
 Attention: Investor Relations 

 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
  

			
	 (I) or (we) assign and transfer this Note to:
	  	 
		  	(Insert assignee’s legal name)

  
  
 (Insert assignee’s soc. sec. or tax I.D. no.) 
  
  
  
  
  
  
  
  
 (Print or type assignee’s name, address and zip
code) 
 and irrevocably appoint
                                        
                                        
                         
 to
transfer this Note on the books of the Company. The agent may substitute another to act for him. 
 Date:
                     
  

			
		
	Your Signature: 	 	 
		 	(Sign exactly as your name appears on the face of this Note)

 Signature Guarantee*:
                             
  

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]