Document:

EX-4.5

 

EXHIBIT 4.5

SUPPLEMENTAL INDENTURE

 

FISHER SCIENTIFIC INTERNATIONAL INC.

Floating Rate Convertible Senior Debentures due 2033

 

FIRST SUPPLEMENTAL INDENTURE

DATED AS OF NOVEMBER 9, 2006

 

The Bank of New York Trust Company, N.A., as Trustee

 

 

 

     FIRST SUPPLEMENTAL INDENTURE, dated as of November 9, 2006, between Fisher Scientific
International Inc., a Delaware corporation (the “Company”), Thermo Fisher Scientific Inc. (formerly
known as Thermo Electron Corporation, “Thermo”) and The Bank of New York Trust Company, N.A., as
trustee (the “Trustee”).

     WHEREAS, the Company and the Trustee are parties to an Indenture, dated as of August 3, 2004
(the “Indenture”), pursuant to which the Company issued its Floating Rate Convertible Senior
Debentures due 2033 (the “Notes”);

     WHEREAS, on May 8, 2006, Thermo and the Company announced that they and Trumpet Merger
Corporation, a Delaware corporation and a wholly owned subsidiary of Thermo (“Merger Sub”), had
entered into an Agreement and Plan of Merger, dated as of May 7, 2006, pursuant to which Merger Sub
would merge with and into the Company, with the Company surviving as a wholly owned subsidiary of
Thermo (the “Merger”);

     WHEREAS, in connection with the Merger, Thermo desires to fully, unconditionally and
irrevocably assume, jointly and severally with the Company, the obligation to pay the principal of
and any premium and interest on the Notes on the dates and in the manner provided for in the Notes
and the Indenture;

     WHEREAS, Section 7.1 of the Indenture provides that the Company when authorized by a board
resolution, and the Trustee, at any time and from time to time, may amend the Indenture and the
Notes to add or modify any other provisions herein with respect to matters or questions arising
hereunder which the Company and the Trustee may deem necessary or desirable and which will not
adversely affect the interests of the Holders of the Notes;

     WHEREAS, Section 12.4 of the Indenture provides that upon certain events including a merger of
the Company, the Company shall execute with the Trustee a supplemental indenture providing that the
Notes shall be convertible into the kind and amount of shares of stock which a Holder would have
been entitled to receive upon such merger had the Notes been converted into the common stock of the
Company immediately prior to such merger;

     WHEREAS, the execution and delivery of this instrument have been duly authorized and all
conditions and requirements necessary to make this instrument a valid and binding agreement have
been duly performed and complied with; and

     WHEREAS, this First Supplemental Indenture is being executed simultaneously with the closing
of the Merger.

     NOW, THEREFORE, for and in consideration of the premises and other good and valuable
consideration, receipt and sufficiency of which are hereby acknowledged, it is mutually covenanted
and agreed, for the equal proportionate benefit of all Holders of the Notes, as follows:

ARTICLE 1. CO-OBLIGATION

     Section 1.01. Thermo hereby fully, unconditionally and irrevocably assumes and agrees to
perform and discharge, jointly and severally with the Company, the obligation to pay the principal
of and any premium and interest on the Notes on the dates and in the manner provided for in the
Notes and the Indenture. The obligations of Thermo hereunder are primary and not merely those of a
surety. Thermo hereby waives diligence, presentment, demand of payment, any right to require a
proceeding first against the Company, protest or notice and all demands whatsoever with respect to
the Notes or the indebtedness evidenced thereby.

     Section 1.02. The agreements of Thermo herein shall be valid and obligatory with respect to
any Note that heretofore or hereinafter has been authenticated and delivered under the Indenture.

ARTICLE 2. EFFECT OF MERGER

     Section 2.01. In accordance with Section 12.4 of the Indenture, upon the surrender for
conversion of any of
the Notes, the Holder thereof shall receive, in lieu of the common stock of the Company, the
amount of common

 

 

stock of Thermo that such Holder would have been entitled to receive upon the
Merger had the Notes been converted into the common stock of the Company immediately prior to the
Merger, subject to adjustment as nearly equivalent as may be practicable to the adjustments
provided for in Article 12 of the Indenture.

ARTICLE 3. MISCELLANEOUS

     Section 3.01. On the date hereof, the Indenture shall be supplemented and amended in
accordance herewith, and this First Supplemental Indenture shall form a part of the Indenture for
all purposes, and the Holder of every security heretofore or hereafter authenticated and delivered
under the Indenture shall be bound thereby. The Trustee accepts the trusts created by the
Indenture, as amended and supplemented by this First Supplemental Indenture, and agrees to perform
the same upon the terms and conditions of the Indenture, as amended and supplemented by this First
Supplemental Indenture.

     Section 3.02. All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Indenture.

     Section 3.03. This First Supplemental Indenture shall become effective as of the date hereof
at such time as executed counterparts of this First Supplemental Indenture have been delivered by
each party hereto to the other party hereto.

     Section 3.04. All provisions of this First Supplemental Indenture shall be deemed to be
incorporated in, and made a part of, the Indenture; and the Indenture, as amended and supplemented
by this First Supplemental Indenture, shall be read, taken and construed as one and the same
instrument and all provisions in the Indenture and the Notes shall remain in full force and effect.

     Section 3.05. In case any provisions in this First Supplemental Indenture shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
shall not in any way be affected or impaired thereby.

     Section 3.06. The parties may sign any number of copies of this First Supplemental Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. One
signed copy is enough to prove this First Supplemental Indenture.

     Section 3.07. The Trustee shall not be responsible in any manner whatsoever for or in respect
of the validity or sufficiency of this First Supplemental Indenture or for or in respect of the
recitals contained herein, all of which are made solely by the Company and Thermo.

     Section 3.08. In entering into this First Supplemental Indenture, the Trustee shall be
entitled to the benefit of every provision of the Indenture and the Notes relating to the conduct
or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein
so provided.

     Section 3.09. All covenants and agreements in this First Supplemental Indenture by the
Company, Thermo and the Trustee shall be binding upon and accrue to the benefit of their respective
successors. Nothing in this First Supplemental Indenture express or implied, shall give to any
Person, other than the parties hereto and their successors under the Indenture and the Holders of
the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture.

     Section 3.10. This First Supplemental Indenture shall be governed by, and construed in
accordance with, the laws of the State of New York but 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.

 

 

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

	 	 	 	 	 
	 	 	THERMO FISHER SCIENTIFIC INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Kenneth J. Apicerno
	 

	 	 	 	 
	 

	 	 	 	Name: Kenneth J. Apicerno
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	FISHER SCIENTIFIC INTERNATIONAL INC.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Michael Dambach
	 

	 	 	 	 
	 

	 	 	 	Name: Michael Dambach
	 

	 	 	 	Title: Treasurer
	 
	 	 	 	 
	 	 	THE BANK OF NEW YORK TRUST COMPANY, N.A.
	 
	 	 	 	 
	 

	 	By:	 	/s/ Peter M. Murphy
	 

	 	 	 	 
	 

	 	 	 	Name: Peter M. Murphy
	 

	 	 	 	Title: Vice PresidentEX-10.1

 

EXHIBIT 10.1

AMENDMENT NO. 1 TO 

 EXECUTIVE CHANGE IN CONTROL RETENTION AGREEMENT 

     This AMENDMENT NO. 1 (the “Amendment”) to the Executive Change in Control Retention
Agreement dated [November 19, 2003] (the “Agreement’) by and between THERMO ELECTRON CORPORATION, a
Delaware corporation (the “Company”), and ___(the “Executive”) is made this 9th
day of November, 2006 by and between the Company and the Executive. Capitalized terms used but not
otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

     WHEREAS, the Company and the Executive have entered into the Agreement for the purpose of
describing the severance benefits that the Executive would receive in the event that Executive’s
employment with the Company is terminated under certain circumstances subsequent to a Change in
Control Date;

     WHEREAS, on November 9, 2006, the Company completed a merger with Fisher Scientific
International Inc. (the “Merger”), pursuant to which, among other things, a Change in Control of
the Company occurred and the Company changed its name to Thermo Fisher Scientific Inc.;

     WHEREAS, in connection with the Merger, the Board has amended the Company’s equity incentive
plans to provide new conditions under which the vesting of equity awards granted under those plans
on or after November 9, 2006 would be accelerated if another Change in Control occurred during the
Term of the Agreement; and

     WHEREAS, as a condition to the grant of options and restricted stock awards by the Company to
the Executive on the date hereof, the Company requires that the Executive acknowledge the terms of
this Amendment;

     NOW, THEREFORE, in consideration for the mutual promises contained herein, the parties hereby
agree as follows.

     1. Amendments to Agreement.

          (a) All references to “Thermo Electron Corporation” in the Agreement are hereby amended to
read “Thermo Fisher Scientific Inc.”

          (b) Section 4.1 of the Agreement is hereby amended and restated in its entirety as follows:

          “4.1 Stock Acceleration. If the Change in Control Date occurs during the Term, then,
effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common
Stock of the Company granted prior to November 9, 2006 and held by the Executive shall become
immediately exercisable in full and the shares

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underlying the option will no longer be subject to a
right of repurchase by the Company, (b) each outstanding restricted stock award granted prior to
November 9, 2006 shall be deemed to be fully vested and will no longer be subject to a right of
repurchase by the Company and (c) each outstanding option and restricted stock award granted on or
after November 9, 2006 shall vest in accordance with the terms of the instrument evidencing the
option or the restricted stock award.

     2. Miscellaneous.

          (a) No Other Amendments. Except as specifically provided in this Amendment, no other
amendments, revisions or changes are made to the Agreement. All other terms and conditions of the
Agreement remain in full force and effect and the Parties hereby ratify and confirm their rights and
obligations under the Agreement, as amended hereby.

          (b) Counterparts. This Amendment may be executed in one or more counterparts, each of
which shall be considered an original instrument, but all of which shall be considered one and the
same agreement, and shall become binding when one or more counterparts have been signed by each of
the Parties and delivered to each of them.

          (c) Governing Law. This amendment and the rights and obligations of the parties
hereunder shall be governed by and construed and interpreted in accordance with the internal laws
of the Commonwealth of Massachusetts.

          (e) Effectiveness of Amendment. The amendments to the Agreement contemplated by this
Amendment shall become effective upon the execution of this Amendment by the Parties.

     IN WITNESS WHEREOF, the parties hereto have executed this Amendment under seal as of the day
and year first set forth above.

	 	 	 	 	 	 	 
	 	 	THERMO FISHER SCIENTIFIC INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	EXECUTIVE:	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 

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