Document:

Exhibit 10.24

 Exhibit 10.24 
 Commercial Paper Dealer Agreement 
 [4(2) Program]

 This agreement as amended, supplemented or otherwise modified and in effect from time to time (the “Agreement”) sets forth the
understandings between the Issuer and the Dealer, each named on the cover page hereof, in connection with the issuance and sale by the Issuer of its short-term promissory notes (the “Notes”) through the Dealer. 
 Certain terms used in this Agreement are defined in Section 6 hereof. 
 The Addendum to this Agreement, and any Annexes or Exhibits described in this Agreement or such Addendum, are hereby incorporated into this Agreement and made fully a part hereof. 
  

	1.	Offers, Sales and Resales of Notes. 

  

	 	1.1	While (i) the Issuer has and shall have no obligation to sell the Notes to the Dealer or to permit the Dealer to arrange any sale of the Notes for the account of
the Issuer, and (ii) the Dealer has and shall have no obligation to purchase the Notes from the Issuer or to arrange any sale of the Notes for the account of the Issuer, the parties hereto agree that in any case where the Dealer purchases Notes
from the Issuer, or arranges for the sale of Notes by the Issuer, such Notes will be purchased or sold by the Dealer in reliance on the representations, warranties, covenants and agreements of the Issuer contained herein or made pursuant hereto and
on the terms and conditions and in the manner provided herein. 

  

	 	1.2	So long as this Agreement shall remain in effect, and in addition to the limitations contained in Section 1.7 hereof, the Issuer shall not, without the consent of
the Dealer, offer, solicit or accept offers to purchase, or sell, any Notes except in transactions with one or more dealers which may from time to time be, or after the date hereof become, dealers with respect to the Notes pursuant to one or more
agreements with the Issuer which contain provisions substantially identical to those contained in Section 1 of this Agreement, of which the Issuer hereby undertakes to provide the Dealer prompt notice. In no event shall the Issuer offer,
solicit or accept offers to purchase, or sell, any Notes directly on its own behalf in transactions with persons other than broker-dealers as specifically permitted in this Section 1.2. 

  

	 	1.3	The Notes shall be in a minimum denomination of $250,000 or integral multiples of $1,000 in excess thereof, will bear such interest rates, if interest bearing, or will
be sold at such discount from their face amounts, as shall be agreed upon by the Dealer and the Issuer, shall have a maturity not exceeding 397 days from the date of issuance and may have such terms as are specified in Exhibit C hereto or the
Private Placement Memorandum. The Notes shall not contain any provision for extension, renewal or automatic “rollover.” 

  

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	 	1.4	The authentication and issuance of, and payment for, the Notes shall be effected in accordance with the Issuing and Paying Agency Agreement, and the Notes shall be
either individual physical certificates or book-entry notes evidenced by one or more master notes (each, a “Master Note”) registered in the name of The Depository Trust Company (“DTC”) or its nominee, in the form or forms annexed
to the Issuing and Paying Agency Agreement. 

  

	 	1.5	If the Issuer and the Dealer shall agree on the terms of the purchase of any Note by the Dealer or the sale of any Note arranged by the Dealer (including, but not
limited to, agreement with respect to the date of issue, purchase price, principal amount, maturity and interest rate or interest rate index and margin (in the case of interest-bearing Notes) or discount thereof (in the case of Notes issued on a
discount basis), and appropriate compensation for the Dealer’s services hereunder) pursuant to this Agreement, the Issuer shall cause such Note to be issued and delivered in accordance with the terms of the Issuing and Paying Agency Agreement
and payment for such Note shall be made by the purchaser thereof, either directly or through the Dealer, to the Issuing and Paying Agent, for the account of the Issuer. Except as otherwise agreed, in the event that the Dealer is acting as an agent
of the Issuer and a purchaser shall either fail to accept delivery of or make payment for a Note on the date fixed for settlement, the Dealer shall promptly notify the Issuer, and if the Dealer has theretofore paid the Issuer for the Note, the
Issuer will promptly return such funds to the Dealer against its return of the Note to the Issuer, in the case of a certificated Note, and upon notice of such failure in the case of a book-entry Note. If such failure occurred for any reason other
than default by the Dealer, the Issuer shall reimburse the Dealer on an equitable basis for the Dealer’s loss of the use of such funds for the period such funds were credited to the Issuer’s account. 

  

	 	1.6	All offers and sales of the Notes by the Issuer shall be effected pursuant to the exemption from the registration requirements of the Securities Act provided by
Section 4(2) thereof, which exempts transactions by an issuer not involving any public offering. The Dealer and the Issuer hereby establish and agree to observe the following procedures in connection with offers, sales and subsequent resales or
other transfers of the Notes: 

  

	 	(a)	Offers and sales of the Notes by or through the Dealer shall be made by the Dealer only to: (i) investors reasonably believed by the Dealer to be Qualified
Institutional Buyers, Institutional Accredited Investors or Sophisticated Individual Accredited Investors and (ii) non-bank fiduciaries or agents that will be purchasing Notes for one or more accounts, each of which is reasonably believed by
the Dealer to be an Institutional Accredited Investor or Sophisticated Individual Accredited Investor. 

  

	 	(b)	Resales and other transfers of the Notes by the holders thereof shall be made only in accordance with the restrictions in the legend described in clause (e) below.

  

	 	(c)	No general solicitation or general advertising shall be used in connection with the offering of the Notes. Without limiting the generality of the foregoing, without the
prior written approval of the Dealer, which shall not be unreasonably withheld, the Issuer shall not issue any press release or place or publish any “tombstone” or other advertisement relating to the Notes. 

  

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	 	(d)	No sale of Notes to any one purchaser shall be for less than $250,000 principal or face amount, and no Note shall be issued in a smaller principal or face amount. If
the purchaser is a non-bank fiduciary acting on behalf of others, each person for whom such purchaser is acting must purchase at least $250,000 principal or face amount of Notes. 

  

	 	(e)	Offers and sales of the Notes by the Issuer through the Dealer acting as agent for the Issuer shall be made in accordance with Rule 506 under the Securities Act, and
shall be subject to the restrictions described in the legend appearing on Exhibit A hereto. A legend substantially to the effect of such Exhibit A shall appear as part of the Private Placement Memorandum used in connection with offers and sales of
Notes hereunder, as well as on each individual certificate representing a Note and each Master Note representing book-entry Notes offered and sold pursuant to this Agreement. 

  

	 	(f)	The Dealer shall furnish or shall have furnished to each purchaser of Notes for which it has acted as the Dealer a copy of the then-current Private Placement Memorandum
unless such purchaser has previously received a copy of the Private Placement Memorandum as then in effect. The Private Placement Memorandum shall expressly state that any person to whom Notes are offered shall have an opportunity to ask questions
of, and receive information from, the Issuer and the Dealer and shall provide the names, addresses and telephone numbers of the persons from whom information regarding the Issuer may be obtained. 

  

	 	(g)	The Issuer agrees, for the benefit of the Dealer and each of the holders and prospective purchasers from time to time of the Notes that, if at any time the Issuer shall
not be subject to Section 13 or 15(d) of the Exchange Act, the Issuer will furnish, upon request and at its expense, to the Dealer and to holders and prospective purchasers of Notes information required by Rule 144A(d)(4)(i) in compliance with
Rule 144A(d). 

  

	 	(h)	In the event that any Note offered or to be offered by the Dealer would be ineligible for resale under Rule 144A, the Issuer shall immediately notify the Dealer (by
telephone, confirmed in writing) of such fact and shall promptly prepare and deliver to the Dealer an amendment or supplement to the Private Placement Memorandum describing the Notes that are ineligible, the reason for such ineligibility and any
other relevant information relating thereto. 

  

	 	(i)	 In the event that the Issuer issues commercial paper in the United States market in reliance upon, and in compliance with, the exemption provided by
Section 3(a)(3) of the Securities Act, the Issuer agrees that (a) the proceeds from the sale of the Notes will be segregated from the proceeds of the sale of any such commercial paper by being placed in a separate account; (b) the
Issuer will institute appropriate corporate procedures to ensure that the offers and sales of notes issued by the Issuer pursuant to the Section 3(a)(3) exemption are not integrated with offerings and sales of Notes hereunder; and (c) the
Issuer will comply with each of the requirements of Section 3(a)(3) of the Securities Act in selling commercial paper or other short-term debt securities other than the Notes in the United States. The

  

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Dealer agrees with the Issuer not to offer or sell any Notes in a manner that might call into question the availability of the private offering exemption contained in Section 4(2) of the
Securities Act and Rule 144A thereunder, it being agreed that the foregoing procedures do not call into question the availability of such exemption. 

  

	 	1.7	The Issuer hereby represents and warrants to the Dealer, in connection with offers, sales and resales of Notes, as follows: 

  

	 	(a)	The Issuer hereby confirms to the Dealer that (except as permitted by Section 1.6(i)) within the preceding six months neither the Issuer nor any person other than
the Dealer or the other dealers referred to in Section 1.2 hereof acting on behalf of the Issuer has offered or sold any Notes, or any substantially similar security of the Issuer (including, without limitation, medium-term notes issued by the
Issuer), to, or solicited offers to buy any such security from, any person other than the Dealer or the other dealers referred to in Section 1.2 hereof. The Issuer also agrees that (except as permitted by Section 1.6(i)), as long as the
Notes are being offered for sale by the Dealer and the other dealers referred to in Section 1.2 hereof as contemplated hereby and until at least six months after the offer of Notes hereunder has been terminated, neither the Issuer nor any
person other than the Dealer or the other dealers referred to in Section 1.2 hereof (except as contemplated by Section 1.2 hereof) will offer the Notes or any substantially similar security of the Issuer for sale to, or solicit offers to
buy any such security from, any person other than the Dealer or the other dealers referred to in Section 1.2 hereof, it being understood that such agreement is made with a view to bringing the offer and sale of the Notes within the exemption
provided by Section 4(2) of the Securities Act and Rule 506 thereunder and shall survive any termination of this Agreement. The Issuer hereby represents and warrants that it has not taken or omitted to take, and will not take or omit to take,
any action that would cause the offering and sale of Notes hereunder to be integrated with any other offering of securities, whether such offering is made by the Issuer or some other party or parties, under circumstances that would cause the
offering and sale of the Notes by the Issuer to fail to be exempt under Section 4(2) of the Securities Act. 

  

	 	(b)	The Issuer represents and agrees that the proceeds of the sale of the Notes are not currently contemplated to be used for the purpose of buying, carrying or trading
securities within the meaning of Regulation T and the interpretations thereunder by the Board of Governors of the Federal Reserve System. In the event that the Issuer determines to use such proceeds for the purpose of buying, carrying or trading
securities, whether in connection with an acquisition of another company or otherwise, the Issuer shall give the Dealer at least two business days’ prior written notice to that effect. The Issuer shall also give the Dealer prompt notice of the
actual date that it commences to purchase securities with the proceeds of the Notes. Thereafter, in the event that the Dealer purchases Notes as principal and does not resell such Notes on the day of such purchase, to the extent necessary to comply
with Regulation T and the interpretations thereunder, the Dealer will sell such Notes either (i) only to offerees it reasonably believes to be Qualified Institutional Buyers or to Qualified Institutional Buyers it reasonably believes are acting
for other Qualified Institutional Buyers, in each case in accordance with Rule 144A or (ii) in a manner which would not cause a violation of Regulation T and the interpretations thereunder. 

  

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	2.	Representations and Warranties of Issuer. 

 The Issuer represents and warrants that: 
  

	 	2.1	The Issuer is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all the requisite
power and authority to execute, deliver and perform its obligations under the Notes, this Agreement and the Issuing and Paying Agency Agreement. 

  

	 	2.2	This Agreement and the Issuing and Paying Agency Agreement have been duly authorized, executed and delivered by the Issuer and constitute legal, valid and binding
obligations of the Issuer enforceable against the Issuer in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, and subject, as to enforceability, to general
principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

  

	 	2.3	The Notes have been duly authorized, and when issued and delivered as provided in the Issuing and Paying Agency Agreement, will be duly and validly issued and will
constitute legal, valid and binding obligations of the Issuer enforceable against the Issuer in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, and subject, as to
enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 

  

	 	2.4	Assuming compliance by the Dealer with the procedures applicable to it set forth in Section 1 hereof, the offer and sale of the Notes in the manner contemplated
hereby do not require registration of the Notes under the Securities Act, pursuant to the exemption from registration contained in Section 4(2) thereof, and no indenture in respect of the Notes is required to be qualified under the Trust
Indenture Act of 1939, as amended. 

  

	 	2.5	The Notes will rank at least pari passu with all other unsecured and unsubordinated indebtedness of the Issuer. 

  

	 	2.6	Assuming compliance by the Dealer with the procedures applicable to it set forth in Section 1 hereof, no consent or action of, or filing or registration with, any
governmental or public regulatory body or authority, including the SEC, is required to authorize, or is otherwise required in connection with the execution, delivery or performance of, this Agreement, the Notes or the Issuing and Paying Agency
Agreement, except as may be required by the securities or Blue Sky laws of the various states in connection with the offer and sale of the Notes. 

  

	 	2.7	 Neither the execution and delivery of this Agreement and the Issuing and Paying Agency Agreement, nor the issuance of the Notes in accordance with the
Issuing and Paying Agency Agreement, nor the fulfillment of or compliance with the terms and provisions hereof or thereof by the Issuer, will (i) result in the creation or imposition of any mortgage, lien, charge or encumbrance of any nature
whatsoever upon any of the properties or assets of the Issuer, or (ii) violate or result in a breach or a default under any of the terms of the Issuer’s charter documents or by-laws, any contract or instrument to which the Issuer is a
party or by which it

  

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or its property is bound, or any law or regulation, or any order, writ, injunction or decree of any court or government instrumentality, to which the Issuer is subject or by which it or its
property is bound, which breach or default could reasonably be expected to have a material adverse effect on the financial condition of the Issuer and its subsidiaries taken as a whole or the ability of the Issuer to perform its obligations under
this Agreement, the Notes or the Issuing and Paying Agency Agreement. 

  

	 	2.8	All of the agreements or indentures listed as exhibits in exhibit number 10.1 through 10.23 to the Issuer’s Annual Report of Form 10-K for the year ended
December 31, 2004 are all of the contracts required to be so filed. 

  

	 	2.9	Except as disclosed in the Company Information, there is no litigation or governmental proceeding pending, or to the knowledge of the Issuer threatened, against or
affecting the Issuer or any of its subsidiaries which might reasonably be expected to result in a material adverse change in the financial condition of the Issuer and its subsidiaries taken as a whole or the ability of the Issuer to perform its
obligations under this Agreement, the Notes or the Issuing and Paying Agency Agreement. 

  

	 	2.10	The Issuer is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

  

	 	2.11	Neither the Private Placement Memorandum nor the Company Information contains any untrue statement of a material fact or omits to state a material fact required to be
stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. 

  

	 	2.12	Each (a) issuance of Notes by the Issuer hereunder and (b) amendment or supplement of the Private Placement Memorandum shall be deemed a representation and
warranty by the Issuer to the Dealer, as of the date thereof, that, both before and after giving effect to such issuance and after giving effect to such amendment or supplement, (i) the representations and warranties given by the Issuer set
forth in this Section 2 remain true and correct on and as of such date as if made on and as of such date, (ii) in the case of an issuance of Notes, the Notes being issued on such date have been duly and validly issued and constitute legal,
valid and binding obligations of the Issuer, enforceable against the Issuer in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally and subject, as to enforceability,
to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law) and (iii) in the case of an issuance of Notes, since the date of the most recent Private Placement Memorandum, there has been no
material adverse change in the financial condition of the Issuer and its subsidiaries taken as a whole which has not been disclosed to the Dealer in writing. 

  

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	3.	Covenants and Agreements of Issuer. 

 The Issuer covenants and agrees that: 
  

	 	3.1	The Issuer will give the Dealer prompt notice (but in any event prior to any subsequent issuance of Notes hereunder) of any amendment to, modification of or waiver with
respect to, the Notes or the Issuing and Paying Agency Agreement, including a complete copy of any such amendment, modification or waiver. 

  

	 	3.2	The Issuer shall, whenever there shall occur any change in the financial condition of the Issuer and its subsidiaries taken as a whole or any development or occurrence
in relation to the Issuer that would have a material adverse effect on the holders of the Notes or potential holders of the Notes (including any downgrading or receipt of any notice of intended downgrading in the rating accorded any of the
Issuer’s securities by any nationally recognized statistical rating organization which has published a rating of the Notes), promptly, and in any event prior to any subsequent issuance of Notes hereunder, notify the Dealer (by telephone,
confirmed in writing) of such change, development or occurrence. 

  

	 	3.3	The Issuer shall from time to time furnish to the Dealer such information as the Dealer may reasonably request, which information is either prepared by or on behalf of
the Issuer or its subsidiaries in the ordinary course of business or is otherwise available to the Borrower or its subsidiaries without unreasonable e burden or expense, regarding (i) the Issuer’s operations and financial condition,
(ii) the due authorization and execution of the Notes and (iii) the Issuer’s ability to pay the Notes as they mature. 

  

	 	3.4	The Issuer will take all such action as the Dealer may reasonably request to ensure that each offer and each sale of the Notes will comply with any applicable state
Blue Sky laws; provided, however, that the Issuer shall not be obligated to file any general consent to service of process or to qualify as a foreign corporation in any jurisdiction in which it is not so qualified or subject itself to taxation in
respect of doing business in any jurisdiction in which it is not otherwise so subject. 

  

	 	3.5	The Issuer will not be in default of any of its obligations hereunder, under the Notes or under the Issuing and Paying Agency Agreement, at any time that any of the
Notes are outstanding. 

  

	 	3.6	The Issuer shall not issue Notes hereunder until the Dealer shall have received (a) an opinion of counsel to the Issuer, addressed to the Dealer, reasonably
satisfactory in form and substance to the Dealer, (b) a copy of the executed Issuing and Paying Agency Agreement as then in effect, (c) a copy of resolutions adopted by the Board of Directors of the Issuer, reasonably satisfactory in form
and substance to the Dealer and certified by the Secretary or similar officer of the Issuer, authorizing execution and delivery by the Issuer of this Agreement, the Issuing and Paying Agency Agreement and the Notes and consummation by the Issuer of
the transactions contemplated hereby and thereby, (d) prior to the issuance of any book-entry Notes represented by a master note registered in the name of DTC or its nominee, a copy of the executed Letter of Representations among the Issuer,
the Issuing and Paying Agent and DTC and of the executed master note, (e) prior to the issuance of any Notes in physical form, a copy of such form (unless attached to this Agreement or the Issuing and Paying Agency Agreement) and (f) such
other certificates, opinions, letters and documents as the Dealer shall have reasonably requested. 

  

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	4.	Disclosure. 

  

	 	4.1	The Private Placement Memorandum and its contents (other than the Dealer Information) shall be the sole responsibility of the Issuer. The Private Placement Memorandum
shall contain a statement expressly offering an opportunity for each prospective purchaser to ask questions of, and receive answers from, the Issuer concerning the offering of Notes and to obtain relevant additional information which the Issuer
possesses or can acquire without unreasonable effort or expense. 

  

	 	4.2	The Issuer agrees to promptly furnish the Dealer the Company Information as it becomes available. 

  

	 	4.3	(a) The Issuer further agrees to notify the Dealer promptly upon the occurrence of any event relating to or affecting the Issuer that would cause the Company
Information then in existence to include an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they are made, not misleading.
Notwithstanding the foregoing, the Issuer shall have no obligation to so notify the Dealer if (i) the Issuer has temporarily suspended offers and sales of the Notes and has given the Dealer written notice of such suspension, and (ii) there
are no Notes outstanding. In the event that the Issuer wishes to resume offers and sales of the Notes, it shall (i) give the Dealer notice thereof, and (ii) either (x) confirm that the then current Private Placement Memorandum and
Company Information do not violate the representation contained in Section 2.11 of this Agreement, or (y) if the representation contained in Section 2.11 cannot be made, provide to the Dealer an updated Private Placement Memorandum
that will permit the representation to be made. The Dealer agrees that, upon such notification, all solicitations and sales of Notes shall be suspended. 

 (b) In the event that the Issuer gives the Dealer notice pursuant to Section 4.3(a) and the Dealer notifies the Issuer that it then has Notes it is holding in inventory, (i) the Issuer agrees
promptly to supplement or amend the Private Placement Memorandum so that the Private Placement Memorandum, as amended or supplemented, shall not contain an untrue statement of a material fact or omit to state a material fact necessary in order to
make the statements therein, in light of the circumstances under which they were made, not misleading, and the Issuer shall make such supplement or amendment available to the Dealer or (ii) if the Issuer chooses not to promptly amend or
supplement the Private Placement Memorandum, the Issuer shall, if required by the Dealer, purchase from the Dealer any such Notes held in inventory at a price equal to the face amount thereof discounted on a ratable basis based on the Issuer’s
market rate reflecting the remaining period until maturity in relation to the original term, provided that no commissions or fees will be paid to such Dealer in connection with any such repurchase pursuant to this Section 4.3(b)(ii).

 (c) In the event that (i) the Issuer gives the Dealer notice pursuant to Section 4.3(a), (ii) the Dealer does
not notify the Issuer that it is then holding Notes in inventory and (iii) the Issuer chooses not to promptly amend or supplement the Private Placement Memorandum in the manner described in clause (b) above, then all solicitations and
sales of Notes shall be suspended until such time as the Issuer has so amended or supplemented the Private Placement Memorandum, and made such amendment or supplement available to the Dealer. 
  

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 (d) Without limiting the generality of Section 4.3(a), the Issuer shall review, amend
and supplement the Private Placement Memorandum on a periodic basis, but no less than at least once annually, to incorporate current financial information of the Issuer to the extent necessary to ensure that the information provided in the Private
Placement Memorandum is accurate and complete. 
  

	5.	Indemnification and Contribution. 

  

	 	5.1	The Issuer will indemnify and hold harmless the Dealer, each individual, corporation, partnership, trust, association or other entity controlling the Dealer, any
affiliate of the Dealer or any such controlling entity and their respective directors, officers, employees, partners, incorporators, shareholders, servants, trustees and agents (hereinafter the “Indemnitees”) against any and all
liabilities, penalties, suits, causes of action, losses, damages, claims, costs and expenses (including, without limitation, fees and disbursements of counsel) or judgments of whatever kind or nature (each a “Claim”), imposed upon,
incurred by or asserted against the Indemnitees arising out of or based upon (i) any allegation that the Private Placement Memorandum, the Company Information or any information provided by the Issuer to the Dealer included (as of any relevant
time) or includes an untrue statement of a material fact or omitted (as of any relevant time) or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading or
(ii) arising out of or based upon the breach by the Issuer of any agreement, covenant or representation made in or pursuant to this Agreement. This indemnification shall not apply to the extent that the Claim arises out of or is based upon
Dealer Information or that the Claim is determined by a court of competent jurisdiction to have resulted from an Indemnitee’s gross negligence or willful misconduct. 

  

	 	5.2	Provisions relating to claims made for indemnification under this Section 5 are set forth on Exhibit B to this Agreement. 

  

	 	5.3	In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in this Section 5 is held to be unavailable or
insufficient to hold harmless the Indemnitees, although applicable in accordance with the terms of this Section 5, the Issuer shall contribute to the aggregate costs incurred by the Dealer in connection with any Claim in the proportion of the
respective economic interests of the Issuer and the Dealer; provided, however, that such contribution by the Issuer shall be in an amount such that the aggregate costs incurred by the Dealer do not exceed the aggregate of the commissions and fees
earned by the Dealer hereunder with respect to the issue or issues of Notes to which such Claim relates. The respective economic interests shall be calculated by reference to the aggregate proceeds to the Issuer of the Notes issued hereunder and the
aggregate commissions and fees earned by the Dealer hereunder. 

  

	6.	Definitions. 

  

	 	6.1	“Claim” shall have the meaning set forth in Section 5.1. 

  

	 	6.2	 “Company Information” at any given time shall mean the Private Placement Memorandum (other than the Dealer Information) together with, to the
extent applicable, (i) the Issuer’s most

  

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recent report on Form 10-K filed with the SEC and each report on Form 10-Q or 8-K filed by the Issuer with the SEC since the most recent Form 10-K, (ii) the Issuer’s most recent annual
audited financial statements and each interim financial statement or report prepared subsequent thereto, if not included in item (i) above, (iii) the Issuer’s other publicly available recent reports, including, but not limited to, any
publicly available filings or reports provided to their respective shareholders, (iv) any other information or disclosure prepared pursuant to Section 4.3 hereof and (v) any information prepared or approved in writing by the Issuer
and delivered to the Dealer in writing for dissemination to investors or potential investors in the Notes. 

  

	 	6.3	“Dealer Information” shall mean material concerning the Dealer provided by the Dealer in writing expressly for inclusion in the Private Placement Memorandum.

  

	 	6.4	“Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended. 

  

	 	6.5	“Indemnitee” shall have the meaning set forth in Section 5.1. 

  

	 	6.6	“Institutional Accredited Investor” shall mean an institutional investor that is an accredited investor within the meaning of Rule 501 under the Securities
Act and that has such knowledge and experience in financial and business matters that it is capable of evaluating and bearing the economic risk of an investment in the Notes, including, but not limited to, a bank, as defined in Section 3(a)(2)
of the Securities Act, or a savings and loan association or other institution, as defined in Section 3(a)(5)(A) of the Securities Act, whether acting in its individual or fiduciary capacity. 

  

	 	6.7	“Issuing and Paying Agency Agreement” shall mean the issuing and paying agency agreement described on the cover page of this Agreement, as such agreement may
be amended or supplemented from time to time. 

  

	 	6.8	“Issuing and Paying Agent” shall mean the party designated as such on the cover page of this Agreement, as issuing and paying agent under the Issuing and
Paying Agency Agreement, or any successor thereto in accordance with the Issuing and Paying Agency Agreement. 

  

	 	6.9	“Non-bank fiduciary or agent” shall mean a fiduciary or agent other than (a) a bank, as defined in Section 3(a)(2) of the Securities Act, or
(b) a savings and loan association, as defined in Section 3(a)(5)(A) of the Securities Act. 

  

	 	6.10	“Private Placement Memorandum” shall mean offering materials prepared in accordance with Section 4 (including materials referred to therein or
incorporated by reference therein, if any) provided to purchasers and prospective purchasers of the Notes, and shall include amendments and supplements thereto which may be prepared from time to time in accordance with this Agreement (other than any
amendment or supplement that has been completely superseded by a later amendment or supplement). 

  

	 	6.11	“Qualified Institutional Buyer” shall have the meaning assigned to that term in Rule 144A under the Securities Act. 

  

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	 	6.12	“Rule 144A” shall mean Rule 144A under the Securities Act. 

  

	 	6.13	“SEC” shall mean the U.S. Securities and Exchange Commission. 

  

	 	6.14	“Securities Act” shall mean the U.S. Securities Act of 1933, as amended. 

  

	 	6.15	“Sophisticated Individual Accredited Investor” shall mean an individual who (a) is an accredited investor within the meaning of Regulation D under the
Securities Act and (b) based on his or her pre-existing relationship with the Dealer, is reasonably believed by the Dealer to be a sophisticated investor (i) possessing such knowledge and experience (or represented by a fiduciary or agent
possessing such knowledge and experience) in financial and business matters that he or she is capable of evaluating and bearing the economic risk of an investment in the Notes and (ii) having not less than $5 million in investments (as defined,
for purposes of this section, in Rule 2a51-1 under the Investment Company Act of 1940, as amended). 

  

	7.	General 

  

	 	7.1	Unless otherwise expressly provided herein, all notices under this Agreement to parties hereto shall be in writing and shall be effective when received at the address
of the respective party set forth in the Addendum to this Agreement. 

  

	 	7.2	This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of laws provisions.

  

	 	7.3	The Issuer agrees that any suit, action or proceeding brought by the Issuer against the Dealer in connection with or arising out of this Agreement or the Notes or the
offer and sale of the Notes shall be brought solely in the United States federal courts located in the Borough of Manhattan or the courts of the State of New York located in the Borough of Manhattan. EACH OF THE DEALER AND THE ISSUER WAIVES ITS
RIGHT TO TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  

	 	7.4	This Agreement may be terminated, at any time, by the Issuer, upon one business day’s prior notice to such effect to the Dealer, or by the Dealer upon one business
day’s prior notice to such effect to the Issuer. Any such termination, however, shall not affect the obligations of the Issuer under Sections 3.2(b), 4.3(a), 5 and 7.3 hereof or the respective representations, warranties, agreements, covenants,
rights or responsibilities of the parties made or arising prior to the termination of this Agreement. 

  

	 	7.5	This Agreement is not assignable by either party hereto without the written consent of the other party; provided, however, that the Dealer may assign its rights and
obligations under this Agreement to any affiliate of the Dealer. 

  

	 	7.6	This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon
the same instrument. 

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 11 

	 	7.7	This Agreement is for the exclusive benefit of the parties hereto, and their respective permitted successors and assigns hereunder, and shall not be deemed to give any
legal or equitable right, remedy or claim to any other person whatsoever. 

  

	 	7.8	The Issuer acknowledges and agrees that (i) the purchase and sale of the Notes pursuant to this Agreement is an arm’s-length commercial transaction between
the Issuer, on the one hand, and the Dealer, on the other, (ii) in connection therewith and with the process leading to such transaction the Dealer is acting solely as a principal and not the agent or fiduciary of the Issuer, (iii) the
Dealer has not assumed an advisory or fiduciary responsibility in favor of the Issuer with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Dealer has advised or is currently advising the Issuer
on other matters) or any other obligation to the Issuer except the obligations expressly set forth in this Agreement and (iv) the Issuer has consulted its own legal and financial advisors to the extent it deemed appropriate. The Issuer agrees
that it will not claim that the Dealer has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Issuer, in connection with such transaction or the process leading thereto. 

 This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Issuer and the Dealer, or any of them, with respect
to the subject matter hereof. 
 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first
above written. 
  

									
	Danaher Corporation, as Issuer	 		 	Citigroup Global Markets Inc., as Dealer
					
	By:	 	/s/ Frank T. McFaden	 		 	By:	 	/s/ James M. Hennessy
	Name:	 	Frank T. McFaden	 		 	Name:	 	James M. Hennessy
	Title:	 	Vice President and Treasurer	 		 	Title:	 	Managing Director

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 12 

 Addendum 
 The following additional clauses shall apply to the Agreement and be deemed a part thereof. 
 The
addresses of the respective parties for purposes of notices under Section 7.1 are as follows: 
  

			
	For the Issuer:	  	
		
	Address:	  	2099 Pennsylvania Avenue, N.W.
		  	12th Floor
		  	Washington, DC 20006
		
	Attention:	  	Frank McFaden
		
	Telephone number:	  	(202) 419-7613
		
	Fax number:	  	(202) 419-7666
		
	For the Dealer:	  	
		
	Address:	  	390 Greenwich Street, 5th Floor
		  	New York, NY 10013
		
	Attention:	  	Money Markets Origination
		
	Telephone number:	  	(212) 723-6378
		
	Fax number	  	(212) 723-8624

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 13 

 Exhibit A 
 Form of Legend for Private Placement Memorandum and Notes 
 THE NOTES HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY OTHER APPLICABLE SECURITIES LAW, AND OFFERS AND SALES THEREOF MAY BE MADE ONLY IN COMPLIANCE WITH AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
ACT AND ANY APPLICABLE STATE SECURITIES LAWS. BY ITS ACCEPTANCE OF A NOTE, THE PURCHASER WILL BE DEEMED TO REPRESENT THAT (I) IT HAS BEEN AFFORDED AN OPPORTUNITY TO INVESTIGATE MATTERS RELATING TO THE ISSUER AND THE NOTES, (II) IT IS NOT
ACQUIRING SUCH NOTE WITH A VIEW TO ANY DISTRIBUTION THEREOF AND (III) IT IS EITHER (A)(1) AN INSTITUTIONAL INVESTOR OR SOPHISTICATED INDIVIDUAL INVESTOR THAT IS AN ACCREDITED INVESTOR WITHIN THE MEANING OF RULE 501(a) UNDER THE ACT AND WHICH, IN THE
CASE OF AN INDIVIDUAL, (i) POSSESSES SUCH KNOWLEDGE AND EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS THAT HE OR SHE IS CAPABLE OF EVALUATING AND BEARING THE ECONOMIC RISK OF AN INVESTMENT IN THE NOTES AND (ii) HAS NOT LESS THAN $5 MILLION
IN INVESTMENTS (AN “INSTITUTIONAL ACCREDITED INVESTOR” OR “SOPHISTICATED INDIVIDUAL ACCREDITED INVESTOR”, RESPECTIVELY) AND (2)(i) PURCHASING NOTES FOR ITS OWN ACCOUNT, (ii) A BANK (AS DEFINED IN SECTION 3(a)(2) OF THE
ACT) OR A SAVINGS AND LOAN ASSOCIATION OR OTHER INSTITUTION (AS DEFINED IN SECTION 3(a)(5)(A) OF THE ACT) ACTING IN ITS INDIVIDUAL OR FIDUCIARY CAPACITY OR (iii) A FIDUCIARY OR AGENT (OTHER THAN A U.S. BANK OR SAVINGS AND LOAN ASSOCIATION)
PURCHASING NOTES FOR ONE OR MORE ACCOUNTS EACH OF WHICH ACCOUNTS IS SUCH AN INSTITUTIONAL ACCREDITED INVESTOR OR SOPHISTICATED INDIVIDUAL ACCREDITED INVESTOR; OR (B) A QUALIFIED INSTITUTIONAL BUYER (“QIB”) WITHIN THE MEANING OF RULE
144A UNDER THE ACT THAT IS ACQUIRING NOTES FOR ITS OWN ACCOUNT OR FOR ONE OR MORE ACCOUNTS, EACH OF WHICH ACCOUNTS IS A QIB; AND THE PURCHASER ACKNOWLEDGES THAT IT IS AWARE THAT THE SELLER MAY RELY UPON THE EXEMPTION FROM THE REGISTRATION PROVISIONS
OF SECTION 5 OF THE ACT PROVIDED BY RULE 144A. BY ITS ACCEPTANCE OF A NOTE, THE PURCHASER THEREOF SHALL ALSO BE DEEMED TO AGREE THAT ANY RESALE OR OTHER TRANSFER THEREOF WILL BE MADE ONLY (A) IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE
ACT, EITHER (1) TO THE ISSUER OR TO A PLACEMENT AGENT DESIGNATED BY THE ISSUER AS A PLACEMENT AGENT FOR THE NOTES (COLLECTIVELY, THE “PLACEMENT AGENTS”), NONE OF WHICH SHALL HAVE ANY OBLIGATION TO ACQUIRE SUCH NOTE, (2) THROUGH A
PLACEMENT AGENT TO AN INSTITUTIONAL ACCREDITED INVESTOR, SOPHISTICATED INDIVIDUAL ACCREDITED INVESTOR OR A QIB, OR (3) TO A QIB IN A TRANSACTION THAT MEETS THE REQUIREMENTS OF RULE 144A AND (B) IN MINIMUM AMOUNTS OF $250,000. 

 

 n Commercial Paper Dealer Agreement 4(2)
Program n 14 

 Exhibit B 
 Further Provisions Relating to Indemnification 
  

	(a)	The Issuer agrees to reimburse each Indemnitee for all reasonable expenses (including reasonable fees and disbursements of internal and external counsel) as they are
incurred by it in connection with investigating or defending any loss, claim, damage, liability or action in respect of which indemnification may be sought under Section 5 of the Agreement (whether or not it is a party to any such proceedings).

  

	(b)	Promptly after receipt by an Indemnitee of notice of the existence of a Claim, such Indemnitee will, if a claim in respect thereof is to be made against the Issuer,
notify the Issuer in writing of the existence thereof; provided that (i) the omission so to notify the Issuer will not relieve the Issuer from any liability which it may have hereunder unless and except to the extent it did not otherwise learn
of such Claim and such failure results in the forfeiture by the Issuer of any of its rights and defenses, and (ii) the omission so to notify the Issuer will not relieve it from liability which it may have to an Indemnitee otherwise than on
account of this indemnity agreement. In case any such Claim is made against any Indemnitee and it notifies the Issuer of the existence thereof, the Issuer will be entitled to participate therein, and to the extent that it may elect by written notice
delivered to the Indemnitee, to assume the defense thereof, with counsel reasonably satisfactory to such Indemnitee; provided that if the defendants in any such Claim include both the Indemnitee and the Issuer, and the Indemnitee shall have
concluded that there may be legal defenses available to it which are different from or additional to those available to the Issuer, the Issuer shall not have the right to direct the defense of such Claim on behalf of such Indemnitee, and the
Indemnitee shall have the right to select separate counsel to assert such legal defenses on behalf of such Indemnitee. Upon receipt of notice from the Issuer to such Indemnitee of the Issuer’s election so to assume the defense of such Claim and
reasonable approval by the Indemnitee of counsel, the Issuer will not be liable to such Indemnitee for expenses incurred thereafter by the Indemnitee in connection with the defense thereof (other than reasonable costs of investigation) unless
(i) the Indemnitee shall have employed separate counsel in connection with the assertion of legal defenses in accordance with the proviso to the next preceding sentence (it being understood, however, that the Issuer shall not be liable for the
expenses of more than one separate counsel (in addition to any local counsel in the jurisdiction in which any Claim is brought), approved by the Dealer, representing the Indemnitee who is party to such Claim), (ii) the Issuer shall not have
employed counsel reasonably satisfactory to the Indemnitee to represent the Indemnitee within a reasonable time after notice of existence of the Claim or (iii) the Issuer has authorized in writing the employment of counsel for the Indemnitee.
The indemnity, reimbursement and contribution obligations of the Issuer hereunder shall be in addition to any other liability the Issuer may otherwise have to an Indemnitee and shall be binding upon and inure to the benefit of any successors,
assigns, heirs and personal representatives of the Issuer and any Indemnitee. The Issuer agrees that without the Dealer’s prior written consent, which shall not be unreasonably withheld, it will not settle, compromise or consent to the entry of
any judgment in any Claim in respect of which indemnification may be sought under the indemnification provision of the Agreement (whether or not the Dealer or any other Indemnitee is an actual or potential party to such Claim), unless such
settlement, compromise or consent (i) includes an unconditional release of each Indemnitee from all liability arising out of such Claim and (ii) does not include a statement as to or an admission of fault, culpability or failure to act, by
or on behalf of any Indemnitee. 

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 15 

 Exhibit C 
 Statement of Terms for Interest – Bearing Commercial Paper Notes of Danaher Corporation 
 THE PROVISIONS SET FORTH BELOW ARE QUALIFIED TO THE EXTENT APPLICABLE BY THE TRANSACTION SPECIFIC [PRICING] [PRIVATE PLACEMENT MEMORANDUM] SUPPLEMENT (THE “SUPPLEMENT”) (IF ANY) SENT TO EACH PURCHASER AT THE TIME OF THE
TRANSACTION. 
  

	 	1.	General. (a) The obligations of the Issuer to which these terms apply (each a “Note”) are represented by one or more Master Notes (each, a
“Master Note”) issued in the name of (or of a nominee for) The Depository Trust Company (“DTC”), which Master Note includes the terms and provisions for the Issuer’s Interest-Bearing Commercial Paper Notes that are set forth
in this Statement of Terms, since this Statement of Terms constitutes an integral part of the Underlying Records as defined and referred to in the Master Note. 

 (b) “Business Day” means any day other than a Saturday or Sunday that is neither a legal holiday nor a day on which banking
institutions are authorized or required by law, executive order or regulation to be closed in New York City and, with respect to LIBOR Notes (as defined below) is also a London Business Day. “London Business Day” means, a day, other than a
Saturday or Sunday, on which dealings in deposits in U.S. dollars are transacted in the London interbank market. 
  

	 	2.	Interest. (a) Each Note will bear interest at a fixed rate (a “Fixed Rate Note”) or at a floating rate (a “Floating Rate Note”).

 (b) The Supplement sent to each holder of such Note will describe the following terms: (i) whether such
Note is a Fixed Rate Note or a Floating Rate Note and whether such Note is an Original Issue Discount Note (as defined below); (ii) the date on which such Note will be issued (the “Issue Date”); (iii) the Stated Maturity Date (as
defined below); (iv) if such Note is a Fixed Rate Note, the rate per annum at which such Note will bear interest, if any, and the Interest Payment Dates; (v) if such Note is a Floating Rate Note, the Base Rate, the Index Maturity, the
Interest Reset Dates, the Interest Payment Dates and the Spread and/or Spread Multiplier, if any (all as defined below), and any other terms relating to the particular method of calculating the interest rate for such Note; and (vi) any other
terms applicable specifically to such Note. “Original Issue Discount Note” means a Note which has a stated redemption price at the Stated Maturity Date that exceeds its Issue Price by more than a specified de minimis amount and which the
Supplement indicates will be an “Original Issue Discount Note”. 
 (c) Each Fixed Rate Note will bear interest from its
Issue Date at the rate per annum specified in the Supplement until the principal amount thereof is paid or made available for payment. Interest on each Fixed Rate Note will be payable on the dates specified in the Supplement (each an “Interest
Payment Date” for a Fixed Rate Note) and on the Maturity Date (as defined below). Interest on Fixed Rate Notes will be computed on the basis of a 360-day year of twelve 30-day months. 
  

 n Commercial Paper Dealer Agreement 4(2)
Program n 16 

 If any Interest Payment Date or the Maturity Date of a Fixed Rate Note falls on a day that
is not a Business Day, the required payment of principal, premium, if any, and/or interest will be payable on the next succeeding Business Day, and no additional interest will accrue in respect of the payment made on that next succeeding Business
Day. 
 (d) The interest rate on each Floating Rate Note for each Interest Reset Period (as defined below) will be determined by
reference to an interest rate basis (a “Base Rate”) plus or minus a number of basis points (one basis point equals one-hundredth of a percentage point) (the “Spread”), if any, and/or multiplied by a certain percentage (the
“Spread Multiplier”), if any, until the principal thereof is paid or made available for payment. The Supplement will designate which of the following Base Rates is applicable to the related Floating Rate Note: (a) the CD Rate (a
“CD Rate Note”), (b) the Commercial Paper Rate (a “Commercial Paper Rate Note”), (c) the Federal Funds Rate (a “Federal Funds Rate Note”), (d) LIBOR (a “LIBOR Note”), (e) the Prime Rate (a
“Prime Rate Note”), (f) the Treasury Rate (a “Treasury Rate Note”) or (g) such other Base Rate as may be specified in such Supplement. 
 The rate of interest on each Floating Rate Note will be reset daily, weekly, monthly, quarterly or semi-annually (the “Interest Reset Period”). The date or dates on which interest will be reset
(each an “Interest Reset Date”) will be, unless otherwise specified in the Supplement, in the case of Floating Rate Notes which reset daily, each Business Day, in the case of Floating Rate Notes (other than Treasury Rate Notes) that reset
weekly, the Wednesday of each week; in the case of Treasury Rate Notes that reset weekly, the Tuesday of each week; in the case of Floating Rate Notes that reset monthly, the third Wednesday of each month; in the case of Floating Rate Notes that
reset quarterly, the third Wednesday of March, June, September and December; and in the case of Floating Rate Notes that reset semiannually, the third Wednesday of the two months specified in the Supplement. If any Interest Reset Date for any
Floating Rate Note is not a Business Day, such Interest Reset Date will be postponed to the next day that is a Business Day, except that in the case of a LIBOR Note, if such Business Day is in the next succeeding calendar month, such Interest Reset
Date shall be the immediately preceding Business Day. Interest on each Floating Rate Note will be payable monthly, quarterly or semiannually (the “Interest Payment Period”) and on the Maturity Date. Unless otherwise specified in the
Supplement, and except as provided below, the date or dates on which interest will be payable (each an “Interest Payment Date” for a Floating Rate Note) will be, in the case of Floating Rate Notes with a monthly Interest Payment Period, on
the third Wednesday of each month; in the case of Floating Rate Notes with a quarterly Interest Payment Period, on the third Wednesday of March, June, September and December; and in the case of Floating Rate Notes with a semiannual Interest Payment
Period, on the third Wednesday of the two months specified in the Supplement. In addition, the Maturity Date will also be an Interest Payment Date. 
 If any Interest Payment Date for any Floating Rate Note (other than an Interest Payment Date occurring on the Maturity Date) would otherwise be a day that is not a Business Day, such Interest Payment Date
shall be postponed to the next day that is a Business Day, except that in the case of a LIBOR Note, if such Business Day is in the next succeeding calendar month, such Interest Payment Date shall be the immediately preceding Business Day. If the
Maturity Date of a Floating Rate Note falls on a day that is not a Business Day, the payment of principal and interest will be made on the next succeeding Business Day, and no interest on such payment shall accrue for the period from and after such
maturity. 
  

 n Commercial Paper Dealer Agreement 4(2)
Program n 17 

 Interest payments on each Interest Payment Date for Floating Rate Notes will include accrued
interest from and including the Issue Date or from and including the last date in respect of which interest has been paid, as the case may be, to, but excluding, such Interest Payment Date. On the Maturity Date, the interest payable on a Floating
Rate Note will include interest accrued to, but excluding, the Maturity Date. Accrued interest will be calculated by multiplying the principal amount of a Floating Rate Note by an accrued interest factor. This accrued interest factor will be
computed by adding the interest factors calculated for each day in the period for which accrued interest is being calculated. The interest factor (expressed as a decimal) for each such day will be computed by dividing the interest rate applicable to
such day by 360, in the cases where the Base Rate is the CD Rate, Commercial Paper Rate, Federal Funds Rate, LIBOR or Prime Rate, or by the actual number of days in the year, in the case where the Base Rate is the Treasury Rate. The interest rate in
effect on each day will be (i) if such day is an Interest Reset Date, the interest rate with respect to the Interest Determination Date (as defined below) pertaining to such Interest Reset Date, or (ii) if such day is not an Interest Reset
Date, the interest rate with respect to the Interest Determination Date pertaining to the next preceding Interest Reset Date, subject in either case to any adjustment by a Spread and/or a Spread Multiplier. 
 The “Interest Determination Date” where the Base Rate is the CD Rate or the Commercial Paper Rate will be the second Business Day
next preceding an Interest Reset Date. The Interest Determination Date where the Base Rate is the Federal Funds Rate or the Prime Rate will be the Business Day next preceding an Interest Reset Date. The Interest Determination Date where the Base
Rate is LIBOR will be the second London Business Day next preceding an Interest Reset Date. The Interest Determination Date where the Base Rate is the Treasury Rate will be the day of the week in which such Interest Reset Date falls when Treasury
Bills are normally auctioned. Treasury Bills are normally sold at auction on Monday of each week, unless that day is a legal holiday, in which case the auction is held on the following Tuesday or the preceding Friday. If an auction is so held on the
preceding Friday, such Friday will be the Interest Determination Date pertaining to the Interest Reset Date occurring in the next succeeding week. 
 The “Index Maturity” is the period to maturity of the instrument or obligation from which the applicable Base Rate is calculated. 
 The “Calculation Date,” where applicable, shall be the earlier of (i) the tenth calendar day following the applicable Interest
Determination Date or (ii) the Business Day preceding the applicable Interest Payment Date or Maturity Date. 
 All times
referred to herein reflect New York City time, unless otherwise specified. 
 The Issuer shall specify in writing to the Issuing
and Paying Agent which party will be the calculation agent (the “Calculation Agent”) with respect to the Floating Rate Notes. The Calculation Agent will provide the interest rate then in effect and, if determined, the interest rate which
will become effective on the next Interest Reset Date with respect to such Floating Rate Note to the Issuing and Paying Agent as soon as the interest rate with respect to such Floating Rate Note has been determined and as soon as practicable after
any change in such interest rate. 
 All percentages resulting from any calculation on Floating Rate Notes will be rounded to the
nearest one hundred-thousandth of a percentage point, with five-one millionths of a percentage point rounded upwards. For example, 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655). All dollar amounts used in or resulting from any
calculation on Floating Rate Notes will be rounded, in the case of U.S. dollars, to the nearest cent or, in the case of a foreign currency, to the nearest unit (with one-half cent or unit being rounded upwards). 
  

 n Commercial Paper Dealer Agreement 4(2)
Program n 18 

 CD Rate Notes 
 “CD Rate” means the rate on any Interest Determination Date for negotiable certificates of deposit having the Index Maturity as
published by the Board of Governors of the Federal Reserve System (the “FRB”) in “Statistical Release H.15(519), Selected Interest Rates” or any successor publication of the FRB (“H.15(519)”) under the heading “CDs
(Secondary Market)”. 
 If the above rate is not published in H.15(519) by 3:00 p.m. on the Calculation Date, the CD Rate
will be the rate on such Interest Determination Date set forth in the daily update of H.15(519), available through the world wide website of the FRB at http://www.federalreserve.gov/releases/h15/Update, or any successor site or publication or other
recognized electronic source used for the purpose of displaying the applicable rate (“H.15 Daily Update”) under the caption “CDs (Secondary Market)”. 
 If such rate is not published in either H.15(519) or H.15 Daily Update by 3:00 p.m. on the Calculation Date, the
Calculation Agent will determine the CD Rate to be the arithmetic mean of the secondary market offered rates as of 10:00 a.m. on such Interest Determination Date of three leading nonbank dealers1 in negotiable U.S. dollar certificates of deposit in New York City selected by the Calculation Agent for
negotiable U.S. dollar certificates of deposit of major United States money center banks of the highest credit standing in the market for negotiable certificates of deposit with a remaining maturity closest to the Index Maturity in the denomination
of $5,000,000. 
 If the dealers selected by the Calculation Agent are not quoting as set forth above, the CD Rate will remain
the CD Rate then in effect on such Interest Determination Date. 
 Commercial Paper Rate Notes 
 “Commercial Paper Rate” means the Money Market Yield (calculated as described below) of the rate on any Interest Determination
Date for commercial paper having the Index Maturity, as published in H.15(519) under the heading “Commercial Paper-Nonfinancial”. 
 If the above rate is not published in H.15(519) by 3:00 p.m. on the Calculation Date, then the Commercial Paper Rate will be the Money Market Yield of the rate on such Interest Determination Date for
commercial paper of the Index Maturity as published in H.15 Daily Update under the heading “Commercial Paper-Nonfinancial”. 
 If by 3:00 p.m. on such Calculation Date such rate is not published in either H.15(519) or H.15 Daily Update, then the Calculation Agent will determine the Commercial Paper Rate to be the Money Market Yield of the arithmetic mean of the
offered rates as of 11:00 a.m. on such Interest Determination Date of three leading dealers of U.S. dollar commercial paper in New York City selected by the Calculation Agent for commercial paper of the Index Maturity placed for an industrial issuer
whose bond rating is “AA,” or the equivalent, from a nationally recognized statistical rating organization. 
  
  

	1	 Such nonbank dealers referred to in this Statement of Terms may include affiliates of the Dealer. 

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 19 

 If the dealers selected by the Calculation Agent are not quoting as mentioned above, the
Commercial Paper Rate with respect to such Interest Determination Date will remain the Commercial Paper Rate then in effect on such Interest Determination Date. 
 “Money Market Yield” will be a yield calculated in accordance with the following formula: 
  

					
	 Money Market Yield =  
	  	D x 360	  	x 100
	  	360 - (D x M)	  

 where “D” refers to the applicable per annum rate for
commercial paper quoted on a bank discount basis and expressed as a decimal and “M” refers to the actual number of days in the interest period for which interest is being calculated. 
 Federal Funds Rate Notes 
 “Federal Funds Rate” means the rate on any Interest Determination Date for federal funds as published in H.15(519) under the heading “Federal Funds (Effective)” and displayed on
Moneyline Telerate (or any successor service) on page 120 (or any other page as may replace the specified page on that service) (“Telerate Page 120”). 
 If the above rate does not appear on Telerate Page 120 or is not so published by 3:00 p.m. on the Calculation Date, the Federal Funds Rate will be the rate on such Interest Determination Date as published
in H.15 Daily Update under the heading “Federal Funds/(Effective)”. 
 If such rate is not published as described
above by 3:00 p.m. on the Calculation Date, the Calculation Agent will determine the Federal Funds Rate to be the arithmetic mean of the rates for the last transaction in overnight U.S. dollar federal funds arranged by each of three leading brokers
of Federal Funds transactions in New York City selected by the Calculation Agent prior to 9:00 a.m. on such Interest Determination Date. 
 If the brokers selected by the Calculation Agent are not quoting as mentioned above, the Federal Funds Rate will remain the Federal Funds Rate then in effect on such Interest Determination Date.

 LIBOR Notes 
 The London Interbank offered rate (“LIBOR”) means, with respect to any Interest Determination Date, the rate for deposits in U.S. dollars having the Index Maturity that appears on the Designated
LIBOR Page as of 11:00 a.m., London time, on such Interest Determination Date. 
 If no rate appears, LIBOR will be determined
on the basis of the rates at approximately 11:00 a.m., London time, on such Interest Determination Date at which deposits in U.S. dollars are offered to prime banks in the London interbank market by four major banks in such market selected by the
Calculation Agent for a term equal to the Index Maturity and in principal amount equal to an amount that in the Calculation Agent’s judgment is representative for a single transaction in U.S. dollars in such market at such time (a
“Representative Amount”). The Calculation Agent will request the principal London office of each of such banks to provide a quotation of its rate. If at least two such

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 20 

 
quotations are provided, LIBOR will be the arithmetic mean of such quotations. If fewer than two quotations are provided, LIBOR for such interest period will be the arithmetic mean of the rates
quoted at approximately 11:00 a.m., in New York City, on such Interest Determination Date by three major banks in New York City, selected by the Calculation Agent, for loans in U.S. dollars to leading European banks, for a term equal to the Index
Maturity and in a Representative Amount; provided, however, that if fewer than three banks so selected by the Calculation Agent are providing such quotations, the then existing LIBOR rate will remain in effect for such Interest Payment Period.

 “Designated LIBOR Page” means the display designated as page “3750” on Moneyline Telerate (or such other
page as may replace the 3750 page on that service or such other service or services as may be nominated by the British Bankers’ Association for the purposes of displaying London interbank offered rates for U.S. dollar deposits). 
 Prime Rate Notes 
 “Prime Rate” means the rate on any Interest Determination Date as published in H.15(519) under the heading “Bank Prime Loan”. 
 If the above rate is not published in H.15(519) prior to 3:00 p.m. on the Calculation Date, then the Prime Rate will be the rate on such Interest Determination Date as published in H.15 Daily Update
opposite the caption “Bank Prime Loan”. 
 If the rate is not published prior to 3:00 p.m. on the Calculation Date in
either H.15(519) or H.15 Daily Update, then the Calculation Agent will determine the Prime Rate to be the arithmetic mean of the rates of interest publicly announced by each bank that appears on the Reuters Screen US PRIME1 Page (as defined below)
as such bank’s prime rate or base lending rate as of 11:00 a.m., on that Interest Determination Date. 
 If fewer than four
such rates referred to above are so published by 3:00 p.m. on the Calculation Date, the Calculation Agent will determine the Prime Rate to be the arithmetic mean of the prime rates or base lending rates quoted on the basis of the actual number of
days in the year divided by 360 as of the close of business on such Interest Determination Date by three major banks in New York City selected by the Calculation Agent. 
 If the banks selected are not quoting as mentioned above, the Prime Rate will remain the Prime Rate in effect on such Interest Determination Date. 
 “Reuters Screen US PRIME1 Page” means the display designated as page “US PRIME1” on the Reuters Monitor Money Rates
Service (or such other page as may replace the US PRIME1 page on that service for the purpose of displaying prime rates or base lending rates of major United States banks). 
  

 n Commercial Paper Dealer Agreement 4(2)
Program n 21 

 Treasury Rate Notes 
 “Treasury Rate” means: 
 (1) the rate from the auction held on the Interest Determination Date (the “Auction”) of direct obligations of the United States (“Treasury Bills”) having the Index Maturity specified
in the Supplement under the caption “INVESTMENT RATE” on the display on Moneyline Telerate (or any successor service) on page 56 (or any other page as may replace that page on that service) (“Telerate Page 56”) or page 57 (or any
other page as may replace that page on that service) (“Telerate Page 57”), or 
 (2) if the rate referred to in clause
(1) is not so published by 3:00 p.m. on the related Calculation Date, the Bond Equivalent Yield (as defined below) of the rate for the applicable Treasury Bills as published in H.15 Daily Update, under the caption “U.S. Government
Securities/Treasury Bills/Auction High”, or 
 (3) if the rate referred to in clause (2) is not so published by 3:00
p.m. on the related Calculation Date, the Bond Equivalent Yield of the auction rate of the applicable Treasury Bills as announced by the United States Department of the Treasury, or 
 (4) if the rate referred to in clause (3) is not so announced by the United States Department of the Treasury, or if the Auction is not
held, the Bond Equivalent Yield of the rate on the particular Interest Determination Date of the applicable Treasury Bills as published in H.15(519) under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”, or

 (5) if the rate referred to in clause (4) not so published by 3:00 p.m. on the related Calculation Date, the rate on the
particular Interest Determination Date of the applicable Treasury Bills as published in H.15 Daily Update, under the caption “U.S. Government Securities/Treasury Bills/Secondary Market”, or 
 (6) if the rate referred to in clause (5) is not so published by 3:00 p.m. on the related Calculation Date, the rate on the particular
Interest Determination Date calculated by the Calculation Agent as the Bond Equivalent Yield of the arithmetic mean of the secondary market bid rates, as of approximately 3:30 p.m. on that Interest Determination Date, of three primary United States
government securities dealers selected by the Calculation Agent, for the issue of Treasury Bills with a remaining maturity closest to the Index Maturity specified in the Supplement, or 
 (7) if the dealers so selected by the Calculation Agent are not quoting as mentioned in clause (6), the Treasury Rate in effect on the
particular Interest Determination Date. 
 “Bond Equivalent Yield” means a yield (expressed as a percentage) calculated
in accordance with the following formula: 
  

					
	 Bond Equivalent Yield =  
	  	D x N	  	x 100
	  	360 - (D x M)	  

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 22 

 where “D” refers to the applicable per annum rate for Treasury Bills quoted on a
bank discount basis and expressed as a decimal, “N” refers to 365 or 366, as the case may be, and “M” refers to the actual number of days in the applicable Interest Reset Period. 
  

	 	3.	Final Maturity. The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of
issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount
of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable. 

  

	 	4.	 Events of Default. The occurrence of any of the following shall constitute an “Event of Default” with respect to a Note:
(i) default in any payment of principal of or interest on such Note (including on a redemption thereof); (ii) the Issuer makes any compromise arrangement with its creditors generally including the entering into any form of moratorium with
its creditors generally; (iii) a court having jurisdiction shall enter a decree or order for relief in respect of the Issuer in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or
there shall be appointed a receiver, administrator, liquidator, custodian, trustee or sequestrator (or similar officer) with respect to the whole or substantially the whole of the assets of the Issuer and any such decree, order or appointment is not
removed, discharged or withdrawn within 60 days thereafter; or (iv) the Issuer shall commence a voluntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or consent to the entry of an order for
relief in an involuntary case under any such law, or consent to the appointment of or taking possession by a receiver, administrator, liquidator, assignee, custodian, trustee or sequestrator (or similar official), with respect to the whole or
substantially the whole of the assets of the Issuer or make any general assignment for the benefit of creditors. Upon the occurrence of an Event of Default, the principal of each obligation evidenced by such Note (together with interest accrued and
unpaid thereon) shall become, without any notice or demand, immediately due and payable. 2 

  

	 	5.	Obligation Absolute. No provision of the Issuing and Paying Agency Agreement under which the Notes are issued shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of and interest on each Note at the times, place and rate, and in the coin or currency, herein prescribed. 

  

	 	6.	Supplement. Any term contained in the Supplement shall supercede any conflicting term contained herein. 

  
  

	2	 Unlike single payment notes, where a default arises only at the stated maturity, interest-bearing notes with multiple payment dates should contain a
default provision permitting acceleration of the maturity if the Issuer defaults on an interest payment. 

  

 n Commercial Paper Dealer Agreement 4(2)
Program n 23Exhibit 10.25

 Exhibit 10.25 
 EXECUTION VERSION 
 23 May 2007 
 DANAHER EUROPEAN FINANCE COMPANY ehf 
 DANAHER EUROPEAN FINANCE S.A. 
 as Issuers 
 DANAHER CORPORATION 
 as Guarantor and Issuer 
 LEHMAN BROTHERS INTERNATIONAL (EUROPE) 
 as Arranger 
 - and
- 
 BARCLAYS BANK PLC 
 LEHMAN BROTHERS INTERNATIONAL (EUROPE) 
 as Dealers 
  
  
 AMENDED AND RESTATED DEALER AGREEMENT 
 relating to a U.S.$
2,200,000,000 
 EURO-COMMERCIAL PAPER PROGRAMME 
  
  

 CONTENTS 
  

					
	 Clause
	  	 	  	 Page

	1.	  	Interpretation	  	2
			
	2.	  	Issue	  	5
			
	3.	  	Representations And Warranties	  	8
			
	4.	  	Covenants And Agreements	  	11
			
	5.	  	Conditions Precedent	  	15
			
	6.	  	Termination And Appointment	  	16
			
	7.	  	Nomination Of New Issuer	  	16
			
	8.	  	Notices	  	17
			
	9.	  	Third Party Rights	  	17
			
	10.	  	Law And Jurisdiction	  	17

  

					
			
	SCHEDULE 1	  	Condition Precedent Documents	  	19
			
	SCHEDULE 2	  	Selling Restrictions	  	21
			
	SCHEDULE 3	  	Programme Summary	  	24
			
	SCHEDULE 4	  	Increase Of Maximum Amount	  	27
			
	SCHEDULE 5	  	Appointment Of New Dealer	  	29
			
	SCHEDULE 6	  	Form Of Calculation Agency Agreement	  	31

 THIS AGREEMENT is made on 23 May 2007 
 AMONG 
  

	(1)	DANAHER EUROPEAN FINANCE S.A., (the “Luxembourg Issuer”); 

  

	(2)	DANAHER EUROPEAN FINANCE COMPANY EHF, (the “Icelandic Issuer”) 

  

	(3)	DANAHER CORPORATION, (“Danaher”); 

  

	(4)	LEHMAN BROTHERS INTERNATIONAL (EUROPE) (the “Arranger” or “Lehman Brothers”); and 

  

	(5)	BARCLAYS BANK PLC, (“Barclays”) 

 WHEREAS: 
  

	(A)	The Luxembourg Issuer established a programme for the issuance of euro-commercial paper by it in connection with which it entered into a dealer agreement, dated
May 8, 2006 and made among the Luxembourg Issuer, Danaher, and Lehman Brothers (as amended or supplemented prior to the date hereof, the “Original Dealer Agreement”); 

  

	(B)	The Icelandic Issuer, in a letter dated August 14, 2006, was nominated and became bound by the terms of the Original Dealer Agreement in order to issue Notes under
the Original Dealer Agreement; 

  

	(C)	Barclays, in a letter dated January 25, 2007, was appointed and became a dealer under the Original Dealer Agreement vested with all the authority, rights, powers,
duties and obligations as if originally named as a dealer under the Original Dealer Agreement; and 

  

	(D)	The parties hereto wish to amend and restate the Original Dealer Agreement as set out herein. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 In this
Agreement: 
 “Agency Agreement” means the second amended and restated issuing and paying agency agreement,
dated the date hereof, between the Issuers, the Guarantor and the Issuing and Paying Agent, providing for the issue of and payment on the Notes, as such agreement may be amended or supplemented from time to time; 
 “Agreements” means this Agreement (as amended or supplemented from time to time), any agreement reached pursuant to
Clause 2.1, the Deed of Covenant, the Guarantee and the Agency Agreement; 
 “Dealers” means Lehman
Brothers and Barclays, together with any additional institution or institutions appointed pursuant to Clause 6.2 but excluding any institution or institutions whose appointment has been terminated pursuant to Clause 6.1; 
  

 - 2 - 

 “Deed of Covenant” means the deed of covenant executed by the Luxembourg
Issuer dated 8 May 2006, the deed of covenant executed by the Icelandic Issuer dated 1 September 2006, the deed of covenant executed by Danaher, dated the date hereof, together with any Deed of Covenant executed pursuant to Clause 7, in
respect of Global Notes issued pursuant to the Agency Agreement, as such deed may be amended or supplemented from time to time; 
 “Definitive Note” means a security printed Note in definitive form; 
 “Disclosure
Documents” means, at any particular date, (a) the Information Memorandum, (b) the most recently published audited consolidated financial statements of Danaher and, if financial statements have been published by any Subsidiary
Issuer, the most recently published audited unconsolidated financial statements of such Subsidiary Issuer and any subsequent quarterly unaudited financial statements of such Subsidiary Issuer and Danaher (in the case of Danaher each having been
filed with the United States Securities and Exchange Commission (the “SEC”)), and (c) any other document delivered by the Subsidiary Issuers or Danaher to the Dealers which the Subsidiary Issuers or Danaher (as the case may be)
has expressly authorised to be distributed in connection with transactions contemplated by this Agreement; 
 “Dollars” and “U.S.$” denote the lawful currency of the United States of America; and “Dollar Note” means a Note denominated in Dollars; 
 “Dollar Equivalent” means, on any day: 
  

	 	(a)	in relation to any Dollar Note, the nominal amount of such Note; and 

  

	 	(b)	in relation to any Note denominated or to be denominated in any other currency, the amount in Dollars which would be required to purchase the nominal amount of such
Note as expressed in such other currency at the spot rate of exchange for the purchase of such other currency with Dollars quoted by the Issuing and Paying Agent at or about 11.00 a.m. (London time) on such day; 

 “Euro”, “euro”, “EUR” or “€” means the lawful currency of member
states of the European Union that adopt the single currency introduced in accordance with the Treaty; and “Euro Note” means a Note denominated in Euro; 
 “FSMA” means the Financial Services and Markets Act 2000; 
 “Global Note” means a Note in global form, representing an issue of commercial paper notes of a like maturity which may be issued by any Issuer from time to time pursuant to the Agency Agreement; 
 “Guarantee” means the guarantee dated 8 May 2006 in connection with the Luxembourg Issuer and executed as a deed by the
Guarantor in respect of the obligations of the Luxembourg Issuer under the Notes and the Deed of Covenant, the guarantee dated 1 September 2006 with respect to the Icelandic Issuer and executed as a deed by the Guarantor in respect of the
obligations of the Icelandic Issuer under the Notes and the Deed of Covenant or any other guarantee executed from time to time pursuant to Clause 7; 
  

 - 3 - 

 “Guarantor” means Danaher, solely with respect to the Notes issued by a
Subsidiary Issuer; 
 “Index Linked Note” means a Note, the redemption or coupon amount of which is not fixed at
the time of issue, but which is to be calculated in accordance with such formula or other arrangement as is agreed between the Relevant Issuer and the Dealer at the time of reaching agreement under Clause 2.1; 
 “Information Memorandum” means the most recent information memorandum, as the same may be amended or supplemented from time
to time, containing information about the Issuers, the Guarantor and the Programme, the text of which has been prepared by or on behalf of the Issuers and the Guarantor for use by the Dealers in connection with the transactions contemplated by this
Agreement; 
 “Issuer” means, each, the Luxembourg Issuer, the Icelandic Issuer, the U.S. Issuer or any other
entity that is nominated as an Issuer pursuant to Clause 7; 
 “Issuers” means, the Luxembourg Issuer, the
Icelandic Issuer and the U.S. Issuer, together with any other entity that is nominated as an Issuer pursuant to Clause 7; 
 “Issuing and Paying Agent” means Deutsche Bank AG, London Branch and any successor Issuing and Paying Agent appointed in accordance with the Agency Agreement; 
 “Note” means a commercial paper note of an Issuer purchased or to be purchased by a Dealer under this Agreement, in bearer
global or definitive form, substantially in the relevant form scheduled to the Agency Agreement or such other form(s) as may be agreed from time to time between the Issuers and the Issuing and Paying Agent and, unless the context otherwise requires,
includes the commercial paper notes represented by the Global Notes; 
 “Programme” means the Euro-commercial
paper programme established by the Original Dealer Agreement as amended and restated by this Agreement; 
 “Programme
Summary” means the summary of the particulars of the Programme as set out in Schedule 3, as such summary may be amended, supplemented or superseded from time to time; 
 “Relevant Issuer” means the Issuer of a particular Note; 
 “Securities Act” means the United States Securities Act of 1933, as amended; 
 “Subsidiary” means, with respect to any person, (i) any corporation, association or other business entity of which more
than 50% of the total voting power of shares of capital stock or other equity interest entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or
controlled, directly or indirectly, by such person or one or more of the other subsidiaries of that person (or a combination thereof) and (ii) any partnership (a) the sole general partner or managing general partner of which is such person
or a subsidiary or such person or (b) the only general partners of which are such person or of one or more subsidiaries of such person (or any combination thereof); 
  

 - 4 - 

 “Subsidiary Issuer” means the Luxembourg Issuer and the Icelandic Issuer,
together with any other Subsidiary of Danaher that is appointed an Issuer pursuant to Clause 7; 
 “Treaty”
means the Treaty establishing the European Community, as amended; 
 “U.S. Issuer” means Danaher, with respect
to Notes it issues directly (not through a Subsidiary Issuer) under the Programme for which it does not provide a Guarantee; and 
 “USCP Program” means Danaher’s U.S. commercial paper program, as such program is amended or supplemented from time to time, and as established through a commercial paper dealer agreement dated 5 May 2006 by
Danaher, as issuer, and Goldman, Sachs & Co., as a U.S. dealer, and a commercial paper dealer agreement dated 6 November 2006 by Danaher, as issuer, and Citigroup Global Markets Inc., as a U.S. dealer, concerning notes to be issued
pursuant to an Issuing and Paying Agency Agreement between Danaher and Deutsche Bank Trust Company Americas, dated 5 May 2006. 
  

	1.2	Programme Summary 

 Terms
not expressly defined herein shall have the meanings set out in the Programme Summary. 
  

	1.3	Legislation 

 Any
reference in this Agreement to any legislation (whether primary legislation or regulations or other subsidiary legislation made pursuant to primary legislation) shall be construed as a reference to such legislation as the same may have been, or may
from time to time be, amended or re-enacted. 
  

	1.4	Clauses and Schedules 

 Any reference in this Agreement to a Clause, sub-clause or a Schedule is, unless otherwise stated, to a clause or sub-clause hereof or a schedule hereto. 
  

	1.5	Headings 

 Headings and
sub-headings are for ease of reference only and shall not affect the construction of this Agreement. 
  

	2.	ISSUE 

  

	2.1	Basis of agreements to issue; uncommitted facility 

 Subject to the terms hereof, any Issuer may issue Notes to any Dealer from time to time at such prices and upon such terms as such Issuer and such Dealer may agree, provided that such Issuer has, and
shall have, no obligation to issue Notes to such Dealer, except as agreed, and such Dealer has, and shall have, no obligation to subscribe Notes from such Issuer, except as agreed. Each Issuer acknowledges that any Dealer may resell Notes subscribed
by such Dealer. The tenor of each Note shall not be less than the Minimum Term nor greater than the Maximum Term specified in the Programme Summary, calculated from (and including) the date of issue of such Note to (but excluding) the maturity date
thereof. Definitive Notes (if any) shall be issued in the Denomination(s) specified in the Programme Summary. Each issue of Notes having the same issue date, maturity date, currency or denomination, yield and redemption basis will be represented by
a Global Note or by Definitive Notes having the aggregate nominal amount of such issue as may be agreed between any Issuer and any Dealer. 
  

 - 5 - 

	2.2	Procedures 

 If any Issuer
and any Dealer shall agree on the terms of the subscription of any Note by any Dealer (including agreement with respect to the issue date, maturity date, currency, denomination, yield, redemption basis, aggregate nominal amount and purchase price),
then: 
  

	 	2.2.1	Instruction to Issuing and Paying Agent: such Issuer shall instruct the Issuing and Paying Agent to issue such Note and deliver it in accordance with the terms
of the Agency Agreement; 

  

	 	2.2.2	Payment of purchase price: such Dealer shall subscribe such Note on the date of issue: 

  

	 	(a)	Dollar Note: in the case of a Dollar Note, by transfer of funds settled through the New York Clearing House Interbank Payments System (or such other
same-day value funds as at the time shall be customary for the settlement in New York City of international banking transactions denominated in Dollars) to such account of the Issuing and Paying Agent in New York City denominated in
Dollars as the Issuing and Paying Agent shall have specified for this purpose; or 

  

	 	(b)	Euro Note: in the case of a Euro Note, by transfer of funds settled through the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET)
System to such account of the Issuing and Paying Agent denominated in Euro as the Issuing and Paying Agent shall have specified for this purpose; or 

  

	 	(c)	Other Notes: in all other cases, by transfer of freely transferable same-day funds in the relevant currency to such account of the Issuing and Paying Agent at
such bank in the principal domestic financial centre for such currency as the Issuing and Paying Agent shall have specified for this purpose, 

 or, in each case, by such other form of transfer as may be agreed between such Dealer and such Issuer; and 
  

	 	2.2.3	Delivery Instructions: the relevant Dealer shall notify the Relevant Issuer and the Issuing and Paying Agent of the payment and delivery instructions applicable
to such Note in accordance with prevailing market practice and in sufficient time to enable the Issuing and Paying Agent to deliver such Note (or, in the case of any Sterling Definitive Note, make the same available for collection) on its issue
date. 

  

	2.3	Failure of agreed issuance 

 If for any reason (including, without limitation, the failure of the relevant trade) a Note agreed to be purchased pursuant to Clause 2.1 is not to be issued, each of the Relevant Issuer and the relevant Dealer shall immediately notify
the Issuing and Paying Agent thereof. 
  

 - 6 - 

	2.4	Issuance currencies 

 The
parties acknowledge that Notes issued under the Programme may be denominated in Dollars or, subject as provided below, in any other currency. Any agreement reached pursuant to Clause 2.1 to sell and purchase a Note denominated in a currency
other than Dollars shall be conditional upon: 
  

	 	2.4.1	Compliance: it being lawful and in compliance with all requirements of any relevant central bank and any other relevant fiscal, monetary, regulatory or other
authority, for deposits to be made in such currency and for such Note to be issued, offered for sale, sold and delivered; 

  

	 	2.4.2	Convertibility: such other currency being freely transferable and freely convertible into Dollars; and 

  

	 	2.4.3	Amendments: any appropriate amendments which the Dealers, the Issuers or the Issuing and Paying Agent shall require having been made to this Agreement and/or the
Agency Agreement. 

  

	2.5	Maximum Amount 

 The
Issuers shall ensure that the outstanding nominal amount of all Notes issued under the Programme, when taken together with the aggregate principal amount outstanding from time to time under the USCP Program, does not exceed the Maximum Amount. For
the purposes of calculating the Maximum Amount, the nominal amount of any outstanding Note or Notes denominated in any currency other than Dollars shall be taken as the Dollar Equivalent of such nominal amount as at the date of the agreement for the
issue of the Note or Notes then to be issued provided that in calculating the nominal amount of Notes outstanding on the date of issue of such Note or Notes there shall be disregarded Notes which mature on that date. The Issuers may increase the
Maximum Amount by giving at least ten days’ notice by letter, substantially in the form set out in Schedule 4, to the Dealers, the Issuing and Paying Agent and the Paying Agents. Such increase will not take effect until the Dealers have
received from the Issuers the documents listed in such letter (if required by any Dealer), in each case in form and substance acceptable to the Dealers. 
  

	2.6	Calculation Agent 

 If
Index Linked Notes are to be issued, the Relevant Issuer will appoint either the relevant Dealer or the Issuing and Paying Agent (subject to the consent of such Dealer or the Issuing and Paying Agent, as the case may be, thereto) or some other
person (subject to the consent of such Dealer and the Paying Agent to such person’s appointment) to be the calculation agent in respect of such Index Linked Notes and the following provisions shall apply: 
  

	 	2.6.1	Dealer: if a Dealer is to be the calculation agent, its appointment as such shall be on the terms of the form of agreement set out in Schedule 6, and such Dealer
will be deemed to have entered into an agreement in such form for a particular calculation if it is named as calculation agent in the redemption calculation attached to or endorsed on the relevant Note; 

  

 - 7 - 

	 	2.6.2	Issuing and Paying Agent: if the Issuing and Paying Agent is to be the calculation agent, its appointment as such shall be on the terms set out in the Agency
Agreement; and 

  

	 	2.6.3	Other Calculation Agent: if the person nominated by a Dealer or by the Issuing and Paying Agent as calculation agent is not such Dealer, that person shall
execute (if it has not already done so) an agreement substantially in the form of the agreement set out in Schedule 6 and the appointment of that person shall be on the terms of that agreement. 

  

	3.	REPRESENTATIONS AND WARRANTIES 

  

	3.1	Representations and warranties 

 Each Subsidiary Issuer (in respect of itself) and Danaher (in respect of itself and in respect of the Subsidiary Issuers) represents and warrants to the Dealers at the date of this Agreement, and at each date upon which the Maximum Amount
is increased, and each applicable Subsidiary Issuer (in respect of itself) and Danaher (in respect of itself and the Subsidiary Issuers) represents and warrants to the Dealers at each date upon which an agreement for the issue and subscription of
Notes is made by an Issuer and each date upon which Notes are, or are to be, issued by such Issuer (by reference to the facts and circumstances then existing): 
  

	 	3.1.1	Authorisation; valid, binding and enforceable: each of: 

  

	 	(a)	the establishment of the Programme and the execution, delivery and performance by the Subsidiary Issuers and Danaher of the Agreements and the Notes;

  

	 	(b)	the entering into and performance by the Subsidiary Issuers and Danaher of any agreement for the subscription of Notes reached pursuant to Clause 2.1; and

  

	 	(c)	the issue and sale of the Notes by the Subsidiary Issuers and Danaher under the Agreements, 

 has been duly authorised by all necessary action and the same constitute, or, in the case of Notes, will, when issued in accordance with the
Agency Agreement, constitute, valid and binding obligations of each of the Subsidiary Issuers issuing such Notes and Danaher enforceable against each of them in accordance with their respective terms (subject, as to enforceability, to bankruptcy,
insolvency, reorganisation and similar laws of general applicability relating to or affecting creditors’ rights and to general principles of equity); 
  

	 	3.1.2	Status: the obligations of each Subsidiary Issuer and Danaher under each of the Agreements to which it is a party and the Notes issued by a Subsidiary Issuer or
issued or guaranteed by Danaher, as the case may be, will rank (other than in the case of obligations preferred by mandatory provisions of law) pari passu with all other present and future unsecured and unsubordinated indebtedness (i) of
such Subsidiary Issuer or guaranteed by such Subsidiary Issuer and (ii) of Danaher, or guaranteed by Danaher, as the case may be; 

  

 - 8 - 

	 	3.1.3	Incorporation, capacity: each of the Subsidiary Issuers and Danaher is duly incorporated or organized and validly existing under the laws of its jurisdiction of
incorporation or organization and: 

  

	 	(a)	the establishment of the Programme, the execution, delivery and performance by each of the Subsidiary Issuers and Danaher of the Agreements and the Notes;

  

	 	(b)	the entering into and performance by any Subsidiary Issuer and Danaher of any agreement for the issue and subscription of Notes reached pursuant to Clause 2.1; and

  

	 	(c)	the issue and subscription of the Notes by any Subsidiary Issuer or Danaher under the Agreements, 

 will not infringe any of the provisions of such Subsidiary Issuer’s or Danaher’s certificate of incorporation or organization, as
amended, and amended and restated by-laws or analogous governance documents, and will not contravene any law, regulation, order or judgement to which such Subsidiary Issuer or Danaher or any of its assets is subject nor result in the breach of any
term of, or cause a default under, any instrument to which such Subsidiary Issuer or Danaher is a party or by which it or any of its assets may be bound, in each case, in any material respect, in the context of the Programme and of the Notes issued
thereunder; 
  

	 	3.1.4	Approvals: all consents, authorisations, licences or approvals of and registrations and filings with any governmental or regulatory authority required in
connection with the issue by any Subsidiary Issuer or Danaher of Notes under the Agreements and the performance of their respective obligations under the Agreements and the Notes have been obtained and are in full force and effect, and copies
thereof have been supplied to the Dealers except for such consents, authorisations, licences, approvals, restrictions and filings as could reasonably be expected to be material in the context of this Agreement; 

  

	 	3.1.5	Disclosure: in the context of this Agreement and the transactions contemplated hereby, the information contained or incorporated by reference in the Disclosure
Documents is true and accurate in all material respects and is not misleading in any material respect and there are no other facts in relation to any Subsidiary Issuer, Danaher or any Notes the omission of which makes, in the context of the issue of
the Notes, the Disclosure Documents as a whole or any such information contained or incorporated by reference therein misleading in any material respect; 

  

 - 9 - 

	 	3.1.6	Financial Statements: the audited financial statements of the Subsidiary Issuers (if such financial statements are available), consolidated audited financial
statements of Danaher and any quarterly unaudited financial statements of the Subsidiary Issuers or Danaher (in the case of Danaher each having been filed with the SEC and incorporated by reference in the Information Memorandum), present fairly and
accurately the financial position of the Subsidiary Issuers and Danaher (consolidated in the case of Danaher) as of the respective dates of such statements and the results of operations of the Subsidiary Issuers and Danaher (consolidated in the case
of Danaher) for the periods they cover or to which they relate and such financial statements have been prepared in accordance with the relevant laws of the relevant jurisdiction of incorporation or organization of each of the Subsidiary Issuers and
Danaher and with generally accepted accounting principles of the relevant jurisdiction of incorporation or organization of each of the Subsidiary Issuers and Danaher applied on a consistent basis throughout the periods involved (unless and to the
extent otherwise stated therein); 

  

	 	3.1.7	No material adverse change, No litigation: since the date of the most recent audited unconcolidated financial statements of the Subsidiary Issuers (if such
financial statements are available) and audited consolidated financial statements of Danaher supplied to the Dealers and, in relation to any date on which this warranty falls to be made after the date hereof, save as otherwise disclosed by any
Disclosure Document subsequently delivered by the Subsidiary Issuers or Danaher (as the case may be) to the Dealers: 

  

	 	(a)	there has been no adverse change in the business, financial or other condition of the Subsidiary Issuers or of Danaher or any of its Subsidiaries taken as a whole; and

  

	 	(b)	there is no litigation, arbitration or governmental proceeding pending or, to the knowledge of the Subsidiary Issuers or Danaher, threatened against or affecting any of
the Subsidiary Issuers, Danaher or any of Danaher’s other Subsidiaries, 

 which in any case could reasonably
be expected to be material in the context of this Agreement and the transactions contemplated hereby; 
  

	 	3.1.8	No default: none of the Subsidiary Issuers or Danaher is in default in respect of payment of any indebtedness for borrowed money where such indebtedness is in an
aggregate amount greater than U.S. $50,000,000; 

  

	 	3.1.9	No ratings downgrade: there has been no downgrading, nor any notice to the Subsidiary Issuers or Danaher of any intended downgrading, in the rating accorded to
Danaher’s short-term or long-term debt by Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies Inc., and Moody’s Investors Service, Inc., or any other rating agency which has issued a rating in
connection with Danaher or any security of Danaher; 

  

	 	3.1.10	Taxation: subject to compliance with the terms of the Agreements, none of the Subsidiary Issuers or Danaher is required by any law or regulation or any relevant
taxing authority in the United States to make any deduction or withholding from any payment due under the Notes, the Agency Agreement or the respective Deed of Covenant for or on account of any income, registration, transfer or turnover taxes,
customs or other duties or taxes of any kind; 

  

 - 10 - 

	 	3.1.11	Maximum Amount not exceeded: the outstanding nominal amount of all Notes on the date of issue of any Note, when taken together with the aggregate principal
amount outstanding from time to time under the USCP Program, does not and will not exceed the Maximum Amount set out in the Programme Summary (as increased from time to time pursuant to Clause 2.5) and for this purpose the nominal amount of any
Note denominated in any currency other than Dollars shall be taken as the Dollar Equivalent of such nominal amount as at the date of the agreement for the issue of such Note provided that in calculating the nominal amount of the Notes outstanding on
the date of issue of such Note there shall be disregarded Notes which mature on that date; 

  

	 	3.1.12	Investment Company: none of the Subsidiary Issuers or Danaher is an investment company as defined in the United States Investment Company Act of 1940; and

  

	 	3.1.13	No Trade or Business by the Subsidiary Issuers in the United States: no Subsidiary Issuer is engaged, or has since its formation been engaged, in any trade or
business within the United States, as determined for United States federal tax purposes. 

  

	3.2	Notice of inaccuracy 

 If,
prior to the time a Note is issued and delivered to or for the account of any Dealer, an event occurs which would render any of the representations and warranties set out in Clause 3.1 immediately, or with the lapse of time, untrue or
incorrect, the Relevant Issuer will inform such Dealer in writing as soon as practicable of the occurrence of such event. In either case, such Dealer shall inform the Relevant Issuer in writing without any undue delay whether it wishes to continue
or discontinue the issuance and delivery of the respective Notes. 
  

	4.	COVENANTS AND AGREEMENTS 

  

	4.1	Issuer 

 The Subsidiary
Issuers and Danaher covenant and agree that: 
  

	 	4.1.1	Delivery of published information: whenever any of the Subsidiary Issuers or Danaher publishes or makes available to its shareholders or to the public (by filing
with any regulatory authority, securities exchange or otherwise) any information which could reasonably be expected to be material in the context of this Agreement and the transactions contemplated hereby, the Subsidiary Issuers or Danaher (as the
case may be) shall notify the Dealers as to the nature of such information, shall make a reasonable number of copies of such information available to the Dealers upon request to permit distribution to investors and prospective investors and shall
take such action as may be necessary to ensure that the representation and warranty contained in sub-clause 3.1.5 is true and accurate in all material respects on the dates contemplated by such sub-clause. Such notification may be by means of
electronic communication, including, but not limited to, by email and/or directing the Dealers’ attention to information on-line; 

  

 - 11 - 

	 	4.1.2	Indemnity: each Relevant Issuer (severally and not jointly), failing which the Guarantor (in the case of the Subsidiary Issuers), shall indemnify and hold
harmless on demand the Dealers against any claim, demand, action, liability, damages, cost, loss or expense (including, without limitation, reasonable legal fees and any applicable value added tax) which they may incur arising out of, in connection
with or based upon: 

  

	 	(a)	such Relevant Issuer’s failure to make due payment under the Notes; or 

  

	 	(b)	such Relevant Issuer’s not issuing Notes for any reason (other than as a result of the failure of any Dealer to pay for such Notes) after an agreement for the sale
of such Notes has been made; or 

  

	 	(c)	the Guarantor’s failure to make due payment under the Guarantee of the Notes issued by the Relevant Issuer; or 

  

	 	(d)	any breach or alleged breach of the representations, warranties, covenants or agreements made by such Relevant Issuer or the Guarantor (except with respect to an Issuer
other than the Relevant Issuer) in this Agreement unless in the case of an alleged breach only, the allegation is being made by a person other than a Dealer or any untrue statement or alleged untrue statement of any material fact contained in the
Disclosure Documents or the omission or alleged omission to state therein a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading in any material respect unless
in the case of an alleged breach only, the allegation is being made by a person other than a Dealer; 

  

	 	4.1.3	Procedure for indemnification: The relevant Dealer or Dealers will promptly notify each Relevant Issuer and the Guarantor (in the case of a Subsidiary Issuer) in
writing of any claim in respect of which indemnification may be sought under Clause 4.1.2 of this Agreement against such Issuer or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, provided that (i) the omission so to
notify such Issuer or the Guarantor (in the case of a Subsidiary Issuer) will not relieve such Issuer or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, from any liability which it may have hereunder unless and except to the
extent it did not otherwise learn of such claim and such failure results in the forfeiture by such Issuer or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, of substantial rights and defences, and (ii) the omission to
notify such Issuer or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, will not relieve it from liability which it may have to such Dealers otherwise than on account of Clause 4.1.2. 

  

 - 12 - 

 In the event that any such claim is made against such Dealer or Dealers and they notify the
Relevant Issuer and the Guarantor (in the case of a Subsidiary Issuer) of the existence thereof, the Relevant Issuer or the Guarantor, as the case may be, will be entitled to participate therein, and to the extent that it may elect by written notice
delivered to such Dealers, to assume the defence thereof, with counsel reasonably satisfactory to such Dealers; provided that if the defendants in any such claim include both such Dealers and the Relevant Issuer or the Guarantor (in the case of a
Subsidiary Issuer), as the case may be, and such Dealers shall have concluded that there may be legal defences available to them which are different from or additional to those available to the Relevant Issuer or the Guarantor (in the case of a
Subsidiary Issuer), as the case may be, the Relevant Issuer or the Guarantor (in the case of a Subsidiary Issuer) shall not have the right to direct the defence of such claim on behalf of such Dealers, and such Dealers shall have the right to select
one separate counsel to assert such legal defences on behalf of such Dealers. 
 Upon receipt of notice from the Relevant Issuer
or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, to such Dealers of the Relevant Issuer’s or the Guarantor’s (in the case of a Subsidiary Issuer) election so to assume the defence of such claim and approval by
such Dealers of counsel, neither such Issuer nor the Guarantor (in the case of a Subsidiary Issuer) will be liable to such Dealers for expenses incurred thereafter by such Dealers in connection with the defence thereof (other than reasonable costs
of investigation) unless (i) such Dealers shall have employed separate counsel in connection with the assertion of legal defences in accordance with the proviso to the next preceding sentence (it being understood, however, that neither the
Relevant Issuer nor the Guarantor (in the case of a Subsidiary Issuer), as the case may be, shall be liable for the expenses of more than one separate counsel (in addition to any local counsel in the jurisdiction in which any claim is brought),
approved by such Dealers, representing such Dealers who are parties to such claim), (ii) such Issuer or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, shall not have employed counsel reasonably satisfactory to such
Dealers to represent such Dealers within a reasonable time after notice of existence of the claim, or (iii) such Issuer or the Guarantor (in the case of a Subsidiary Issuer), as the case may be, has authorised in writing the employment of
counsel for such Dealers. 
 The Relevant Issuer and the Guarantor (in the case of a Subsidiary Issuer) agree that without such
Dealers’ prior written consent, it will not settle, compromise or consent to the entry of any judgment in any claim in respect of which indemnification may be sought under Clause 4.1.2 of this Agreement (whether or not such Dealers are actual
or potential parties to such claim), unless such settlement, compromise or consent includes an unconditional release of such Dealers from all liability arising out of such claim. 
  

	 	4.1.4	Expenses, stamp duties, amendments: the Issuers, failing which the Guarantor (in the case of a Subsidiary Issuer), will: 

  

	 	(a)	 Arranger’s expenses: pay, or reimburse the Arranger for, all reasonable out-of-pocket costs and expenses (including United Kingdom value
added

  

 - 13 - 

	 	 
tax and any other taxes or duties thereon and fees and disbursements of counsel to the Arranger) incurred by the Arranger in connection with the preparation, negotiation, printing, execution and
delivery of this Agreement and all documents contemplated by this Agreement; 

  

	 	(b)	Dealer’s expenses: pay, or reimburse the Dealers for, all reasonable out-of-pocket costs and expenses (including United Kingdom value added tax and any
other taxes or duties thereon and fees and disbursements of one counsel to the Dealers) incurred by the Dealers in connection with the enforcement or protection of its rights under this Agreement; 

  

	 	(c)	Stamp duties: pay all stamp, registration and other taxes and duties (including any interest and penalties thereon or in connection therewith) except those
arising solely as a result of any Dealer’s default which may be payable upon or in connection with the creation and issue of the Notes and the execution, delivery and performance of the Agreements and the Relevant Issuers shall indemnify the
relevant Dealers against any claim, demand, action, liability, damages, cost, loss or reasonable expense (including, without limitation, legal fees and any applicable value added tax) which it may incur as a result or arising out of or in relation
to any failure to pay or delay in paying any of the same; 

  

	 	(d)	Amendments: notify the Dealers of any change in the identity of or the offices of the Issuing and Paying Agent and any material change or amendment to or
termination of the Agency Agreement, any Guarantee or any Deed of Covenant not later than five days prior to the making of any such change or amendment or such termination; and it will not permit to become effective any such change, amendment or
termination which could reasonably be expected to affect adversely the interests of the Dealers or the holder of any Notes then outstanding; 

  

	 	4.1.5	No deposit-taking: the Issuers will issue Notes only if the following conditions apply (or the Notes can otherwise be issued without contravention of section 19
of the FSMA): 

  

	 	(a)	Selling restrictions: the Dealers represent, warrant and agree in the terms set out in sub-clause 3.1 of Schedule 2; and 

  

	 	(b)	Minimum denomination: the redemption value of each such Note is not less than £100,000 (or an amount of equivalent value denominated wholly or partly in a
currency other than sterling), and no part of any Note may be transferred unless the redemption value of that part is not less than £100,000 (or such an equivalent amount); and 

  

	 	4.1.6	No Trade or Business by the Subsidiary Issuers in the United States: the Subsidiary Issuers will not engage in any trade or business within the United States, as
determined for United States federal tax purposes. 

  

 - 14 - 

	4.2	Compliance 

 Each Issuer
shall take such steps (in conjunction with the Dealers, where appropriate) to ensure that any laws and regulations or requirements of any governmental agency, authority or institution which may from time to time be applicable to any Note of such
Issuer shall be fully observed and complied with and in particular (but without limitation) that no Issuer, nor any of its affiliates (as defined in Rule 405 under the Securities Act) nor any person acting on its or its affiliates behalf have
engaged or will engage in any directed selling efforts with respect to the Notes of such Issuer, and they have complied and will comply with the offering restrictions requirement of Regulation S. Terms used in this sub-clause have the
meanings given to them by Regulation S under the Securities Act. 
  

	4.3	Selling restrictions 

 Each Dealer represents, covenants and agrees that it has complied with and will comply with the selling restrictions set out in Schedule 2. Subject to compliance with those restrictions, the relevant Dealer is hereby authorised by the
Relevant Issuer and the Guarantor (in the case of a Subsidiary Issuer) to circulate the Disclosure Documents to purchasers or potential purchasers of the Notes of such Issuer. 
  

	4.4	Dealers’ and Issuers’ obligations several 

 The obligations of each Dealer and each Issuer contained in this Agreement are several. 
  

	4.5	Status of Arranger 

 The
Dealers agree that the Arranger has only acted in an administrative capacity to facilitate the establishment and/or maintenance of the Programme and has no responsibility to it for (a) the adequacy, accuracy, completeness or reasonableness of
any representation, warranty, undertaking, agreement, statement or information in the Information Memorandum, this Agreement or any information provided in connection with the Programme or (b) the nature and suitability to it of all legal, tax
and accounting matters and all documentation in connection with the Programme or any issue of Notes thereunder. 
  

	5.	CONDITIONS PRECEDENT 

  

	5.1	Conditions precedent to first issue 

 As the Luxembourg Issuer, the Icelandic Issuer and the Guarantor have previously provided to the Dealers each of the documents set out in Schedule 1 in form, substance and number reasonably requested by
the Dealers, the Dealers hereto agree to waive, and waive, the redelivery of such documents on the date hereof. The U.S. Issuer agrees to deliver to the Dealers, prior to the first issue of Notes, this Agreement, the Agency Agreement, the
Information Memorandum and each of the documents set forth in Clause 7 in form, substance, and number reasonably requested by the Dealers (with the exception of (i) a separate written notification to the Dealers of the addition of the U.S.
Issuer, (ii) the Guarantee as set forth in paragraph 3(d) of Schedule 1 and (iii) a separate written agreement to the Dealers of the U.S. Issuer’s agreement to be bound by the terms of this Agreement and the Agency Agreement).

  

 - 15 - 

	5.2	Conditions precedent to each issue 

 In relation to each issue of Notes, it shall be a condition precedent to the subscription thereof by any Dealer that (a) the representations and warranties in Clause 3.1 shall be true and
correct on each date upon which an agreement for the sale of Notes is made hereunder and on the date on which such Notes are issued by reference to the facts and circumstances then existing and that (b) there is no other material breach of the
Relevant Issuer’s or Guarantor’s (in the case of a Subsidiary Issuer) obligations under any of the Agreements or the Notes. 
  

	5.3	Sterling Definitive Notes 

 In relation to an issue of Sterling Definitive Notes (and if so agreed between the Relevant Issuer and the relevant Dealer), it shall be a condition precedent to the subscription thereof by any Dealer that the Relevant Issuer supplies to
such Dealer, not less than five days prior to the first issue of such Notes to that Dealer confirmation from the Issuing and Paying Agent that the relevant agreed forms of Definitive Note have been security printed and the same delivered to the
Issuing and Paying Agent. 
  

	6.	TERMINATION AND APPOINTMENT 

  

	6.1	Termination 

 The Issuers
may terminate the appointment of any Dealer, and any Dealer may resign, on not less than ten days’ written notice to such Dealer or the Issuers, as the case may be. The Issuers shall promptly inform the Issuing and Paying Agent and the Paying
Agent of any such termination or resignation. The rights and obligations of each party hereto shall not terminate in respect of any rights or obligations accrued or incurred before the date on which such termination takes effect and the provisions
of sub-clause 4.1.2 and 4.1.4 shall survive termination of this Agreement and delivery against payment for any of the Notes. 
  

	6.2	Additional Dealers 

 Nothing in this Agreement shall prevent the Issuers from appointing one or more additional Dealers upon the terms of this Agreement, provided that any additional Dealer shall have first confirmed acceptance of its appointment upon such
terms in writing to the Issuers in substantially the form of the letter set out in Schedule 5, whereupon it shall become a party to this Agreement vested with all the authority, rights, powers, duties and obligations as if originally named as a
Dealer hereunder. The Issuers shall promptly inform the Dealers, the Guarantor, the Issuing and Paying Agent and the Paying Agent of any such appointment. The Issuers hereby agree to supply to such additional Dealer, upon such appointment, such
legal opinions as are specified in paragraph 6 of Schedule 1, if requested, or reliance letters in respect thereof. 
  

	7.	NOMINATION OF NEW ISSUER 

 Danaher may, with the Dealers’ prior consent, at any time and from time to time nominate one or more issuers under the Programme provided that such new Issuer so notifies the Dealers in writing and provides to the Dealers not less than
three business days prior to the first issue of Notes by the new Issuer (a) copies of documents corresponding to those referred to in paragraph 1, 2, 3 (c) and (d), 4(a)(if relevant), 7, 8 and 9 of Schedule 1 in relation to the new Issuer,
(b) the new Issuer’s written agreement

  

 - 16 - 

	 	 
to be bound by the terms of this Agreement and the Agency Agreement in form and substance satisfactory to the Dealers, (c) a legal opinion from counsel acceptable to the Dealers and
qualified in the law of the jurisdiction of incorporation of the new Issuer and (d) a supplemental Information Memorandum. Danaher shall procure that the new Issuer shall comply with and discharge its obligations under this Agreement, the
Agency Agreement, the Deed of Covenant executed by it and the Notes issued by it. In addition, if requested by the Dealers, a legal opinion, in form and substance satisfactory to the Dealers, shall be delivered by counsel to the Dealers as to the
laws of England. 

  

	8.	NOTICES 

  

	8.1	Addressee for notices 

 All notices and other communications hereunder shall, save as otherwise provided in this Agreement, be made in writing and in English (by letter or fax) and shall be sent to the intended recipient at the address or fax number and marked for
the attention of the person (if any) from time to time designated by that party to the other parties hereto for such purpose. The initial address and fax number so designated by each party are set out in the Programme Summary. 
  

	8.2	Effectiveness 

 Any
communication from any party to any other party under this Agreement shall be effective if sent by letter or fax upon receipt by the addressee, provided that any such notice or other communication which would otherwise take effect after 4.00 p.m. on
any particular day shall not take effect until 10.00 a.m. on the immediately succeeding business day in the place of the addressee. 
  

	9.	THIRD PARTY RIGHTS 

 A
person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement. 
  

	10.	LAW AND JURISDICTION 

  

	10.1	Governing law 

 This
Agreement and all matters arising from or connected with it are governed by, and shall be construed in accordance with, English law. 
  

	10.2	English courts 

 The
courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”), arising from or connected with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement) or the
consequences of its nullity. 
  

	10.3	Appropriate forum 

 The
parties agree that the courts of England are the most appropriate and convenient courts to settle any Dispute and, accordingly, that they will not argue to the contrary. 
  

	10.4	Rights of the Dealer to take proceedings outside England 

 Clause 10.2 is only for the benefit of any Dealer. As a result, nothing in this Clause 10 prevents any Dealer from taking proceedings relating to a Dispute (“Proceedings”) in
any other courts with jurisdiction. To the extent allowed by law, the any Dealer may take concurrent Proceedings in any number of jurisdictions. 
  

 - 17 - 

	10.5	Process agent 

 The
Issuers and the Guarantor agree that the documents which start any Proceedings and any other documents required to be served in relation to those Proceedings may be served on it by being delivered to Veeder-Root Finance Company at Hydrex House,
Garden Road, Richmond, Surrey TW9 4NR, United Kingdom, marked for the attention of the Manager, Corporate Finance and the Vice President or, if different, its registered office for the time being or at any address of the Issuer in Great Britain at
which process may be served on it in accordance with Part XXIII of the Companies Act 1985. If such person is not or ceases to be effectively appointed to accept service of process on behalf of the Issuers or the Guarantor (as the case may be), the
Issuers or the Guarantor shall, on the written demand of the Dealers addressed and delivered to the Issuers or the Guarantor appoint a further person in England to accept service of process on its behalf and, failing such appointment within 15 days,
the Dealers shall be entitled to appoint such a person by written notice addressed to the Issuers or the Guarantor and delivered to the Issuers or the Guarantor (as the case may be). Nothing in this paragraph shall affect the right of the Dealers to
serve process in any other manner permitted by law. This clause applies to Proceedings in England and to Proceedings elsewhere. 
  

	10.6	Counterparts 

 This
Agreement may be signed in any number of counterparts (including facsimile copies), all of which when taken together shall constitute a single agreement. 
 AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year first before written. 
  

 - 18 - 

 SCHEDULE 1 
 CONDITION PRECEDENT DOCUMENTS 
  

	1.	Certified copies of each Issuer’s and Guarantor’s certificate of incorporation or organization, as amended, and amended and restated by-laws or analogous
governance document. 

  

	2.	Certified copies of all documents evidencing the internal authorisations and approvals required to be granted by each Issuer and the Guarantor in connection with the
Programme. 

  

	3.	Certified or conformed copies of: 

  

	 	(a)	the Dealer Agreement, as executed; 

  

	 	(b)	the Agency Agreement, as executed; 

  

	 	(c)	Deed of Covenant as to each Issuer, as executed; and 

  

	 	(d)	the Guarantee as to each Subsidiary Issuer, as executed. 

  

	4.	Copies of: 

  

	 	(a)	the confirmation of acceptance of appointment from the agent for service of process; and 

  

	 	(b)	the confirmation that the Deed of Covenant and the Guarantee have been delivered to the Issuing and Paying Agent. 

  

	5.	Legal opinions from: 

  

	 	(a)	Wilmer Cutler Pickering Hale and Dorr LLP, counsel to the Guarantor and U.S. Issuer as to the laws of the State of incorporation of the Guarantor and U.S. Issuer;

  

	 	(b)	Arendt & Medernach, counsel to the Luxembourg Issuer as to the laws of Luxembourg; 

  

	 	(c)	Logos Legal Services, counsel to the Icelandic Issuer as to the laws of Iceland; and 

  

	 	(d)	Clifford Chance LLP, counsel to the Dealers as to the laws of England. 

  

	6.	The Information Memorandum. 

  

	7.	A list of the names, titles and specimen signatures of the persons authorised: 

  

	 	(a)	to sign on behalf of each Issuer and the Guarantor (as applicable), the Notes and Agreements to which they are a party; 

  

	 	(b)	to sign on behalf of each Issuer and the Guarantor all notices and other documents to be delivered in connection therewith; and 

  

 - 19 - 

	 	(c)	to take any other action on behalf of the Issuer and the Guarantor in relation to the Programme. 

  

	8.	Confirmation from the Issuer or the Issuing and Paying Agent that the relevant forms of Global Note have been prepared and the same delivered to the Issuing and Paying
Agent. 

  

	9.	Confirmation that Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies Inc. and Moody’s Investors Service, Inc. respectively
have granted ratings for the Programme. 

  

 - 20 - 

 SCHEDULE 2 
 SELLING RESTRICTIONS 
  

	1.	General 

 By its purchase
and acceptance of Notes issued under this Agreement, each of the Dealers represents, warrants and agrees that it will observe all applicable laws and regulations in any jurisdiction in which it may offer, sell, or deliver Notes; and that it will not
directly or indirectly offer, sell, resell, reoffer or deliver Notes or distribute any Disclosure Document, circular, advertisement or other offering material in any country or jurisdiction except under circumstances that will result, to the best of
its knowledge and belief, in compliance with all applicable laws and regulations. 
 No action has been or will be taken in any
jurisdiction by the Relevant Issuer, the Guarantor (in the case of the Subsidiary Issuers), the Arranger or the relevant Dealer (or Dealers, as the case may be) that would permit a public offering of Notes, or possession or distribution of the
Information Memorandum or any other offering material, in any county or jurisdiction where action for that purpose is required. 
  

	2.	The United States of America 

  

	2.1	Regulation S Restrictions 

 The Notes and the Guarantee (in the case of the Subsidiary Issuers) have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S.
persons. Each of the Dealers represents and agrees that it has offered and sold, and will offer and sell, Notes only outside the United States to non-U.S. persons in accordance with Rule 903 of Regulation S under the Securities Act.
Accordingly, each of the Dealers represents and agrees that neither it, its affiliates nor any persons acting on its or their behalf have engaged or will engage in any directed selling efforts with respect to the Notes, and that it and they have
complied and will comply with the offering restrictions requirement of Regulation S. Each of the Dealers also agrees that, at or prior to confirmation of sale of Notes, it will have sent to each distributor, dealer or person receiving a selling
concession, fee or other remuneration that purchases Notes from it a confirmation or notice to substantially the following effect: 
 “The Securities covered hereby have not been registered under the U.S. Securities Act of 1933 (the “Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of, U.S.
persons. Terms used above have the meanings given to them by Regulation S under the Securities Act.” 
 Terms used in
this paragraph have the meanings given to them by Regulation S under the Securities Act. 
  

 - 21 - 

	2.2	Tax Restrictions 

  

	 	2.2.1	Except to the extent permitted under U.S. Treas. Reg. §1.163-5(c)(2)(i)(D) (the “D Rules”), each of the Dealers (A) represents that it has not
offered or sold, and agrees that during the restricted period it will not offer or sell, Notes (or interests therein) to a person who is within the United States or its possessions or to a United States person, and (B) represents that it has
not delivered and agrees that it will not deliver within the United States or its possessions definitive Notes that are sold during the restricted period; 

  

	 	2.2.2	Each of the Dealers represents that it has in effect, and agrees that throughout the restricted period it will have in effect, procedures reasonably designed to ensure
that its employees and agents who are directly engaged in selling Notes (or interests therein) are aware that such Notes (or interests therein) may not be offered or sold during the restricted period to a person who is within the United States or
its possessions or to a United States person, except as permitted by the D Rules; 

  

	 	2.2.3	if it is a United States person, each of the Dealers represents that it is acquiring the Notes (or interests therein) for purposes of resale outside of the United
States and its possessions in connection with their original issue and that if it retains Notes (or interests therein) for its own account, it will only do so in accordance with the requirements of U.S. Treas. Reg. §1.163-5(c)(2)(i)(D)(6); and

  

	 	2.2.4	with respect to each affiliate of the relevant Dealer (or Dealers, as the case may be) that acquires Notes (or interests therein) for the purpose of offering or selling
such Notes (or interests therein) during the restricted period, such Dealer (or Dealers, as the case may be) either (A) repeats and confirms the representations and agreements contained in subparagraphs 2.2.1 through 2.2.3 on the
affiliate’s behalf or (B) agrees that it will obtain from such affiliate for the benefit of the Relevant Issuer and the Guarantor (in the case of a Subsidiary Issuer) the representations and agreements contained in subparagraphs 2.2.1
through 2.2.3. 

 Terms used in this paragraph 2.2 and not defined herein have the meanings given to them by the U.S. Internal
Revenue Code and regulations thereunder, including the D Rules. 
  

	3.	The United Kingdom 

 In
relation to each issue of Notes, each of the Dealers subscribing to such Notes represents, warrants and undertakes to the Issuers and the Guarantor (in the case of a Subsidiary Issuer) that: 
  

	3.1	No deposit-taking 

  

	 	3.1.1	it is a person whose ordinary activities involve it in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of its
business: and 

  

 - 22 - 

	 	3.1.2 	it has not offered or sold and will not offer or sell any such Notes other than to persons: 

  

	 	(a)	whose ordinary activities involve them in acquiring, holding, managing or disposing of investments (as principal or agent) for the purposes of their businesses; or

  

	 	(b)	who it is reasonable to expect will acquire, hold, manage or dispose of investments (as principal or agent) for the purposes of their businesses,

 where the issue of the Notes would otherwise constitute a contravention of Section 19 of FSMA by the
Issuers and the Guarantor (in the case of a Subsidiary Issuer); 
  

	3.2	Financial promotion: it has only communicated or caused to be communicated and will only communicate or cause to be communicated any invitation or inducement to
engage in investment activity (within the meaning of section 21 of FSMA) received by it in connection with the issue or sale of any Notes in circumstances in which section 21(1) of FSMA does not apply to the Issuer or the Guarantor; and

  

	3.3	General compliance: it has complied and will comply with all applicable provisions of FSMA with respect to anything done by it in relation to any Notes in, from
or otherwise involving the United Kingdom. 

  

	4.	Japan 

 The Notes have not
been and will not be registered under the Securities and Exchange Law of Japan and, accordingly, each of the Dealers undertakes that it will not offer or sell any Notes, directly or indirectly, in Japan or to, or for the benefit of any Japanese
Person or to others for re-offering or resale, directly or indirectly, in Japan or to any Japanese Person expect under circumstances which will result in compliance with all applicable laws, regulations and guidelines promulgated by the relevant
Japanese governmental and regulatory authorities and in effect at the relevant time. For the purposes of this paragraph, “Japanese Person” shall mean any person resident in Japan, including any corporation or other entity organised under
the laws of Japan. 
  

	5.	Luxembourg 

 Each of the
Dealers agrees that the Notes may not be offered or sold to the public in or from the Grand Duchy of Luxembourg unless the requirements of Luxembourg law concerning public offerings and any applicable regulatory requirements and other laws and
regulations have been complied with. 
  

	6.	Iceland 

 Each of the
Dealers agrees that it will not offer the Notes to the general public in Iceland, except in compliance with the Icelandic Act on Securities Transactions (No. 33/2003) as amended, and any applicable laws and regulations in Iceland. 
  

 - 23 - 

 SCHEDULE 3 
 PROGRAMME SUMMARY 
  
  
 Luxembourg Issuer 
 Danaher European Finance S.A. 
  

			
	Address:	  	 23, Avenue Monterey, L-2086,
 Luxembourg

	Telephone:	  	+352 46 61 11 37 53
	Fax:	  	+352 46 61611 37 10
	Contact:	  	The Director

  
  
 Icelandic Issuer 
 Danaher European Finance Company ehf 
  

			
	Address	  	Storhofdi 23, Reykjavik, 100, Iceland
	Telephone	  	+354 580 3450
	Fax	  	+1 202 828 0860
	Contact:	  	The Treasurer

  
  
 U.S. Issuer and Guarantor 
 Danaher Corporation 
  

			
	Address:	  	 2099 Pennsylvania Avenue
 Washington DC 20006
 United States of America

	Telephone:	  	+1 202 828 0850
	Fax:	  	+1 202 828 0860
	Contact:	  	The Treasurer

  
  
 Dealer and Arranger 
 Lehman Brothers International (Europe) 
  

			
	Address:	  	25 Bank Street
		  	London E14 5LE
	Telephone:	  	+44 20 7103 8615
	Fax:	  	+44 20 7067 9474
	Contact:	  	 European Medium Term Notes and
 Money Markets

  

 - 24 - 

  
 Dealer 
 Barclays Bank PLC 
  

			
	Address:	  	 5 The North Colonnade
 Canary Wharf
 London E14 4BB

	Telephone:	  	+44 207 773 9075
	Fax:	  	+44 207 773 4875
	Contact:	  	ECP Trading Desk

  
  
 Issue and Paying Agent 
 Deutsche Bank AG, London Branch 
  

			
	Address:	  	 Winchester House
 1 Great
Winchester Street
 London EC2N 2DB

	Telephone:	  	+44 20 7545 8000
	Fax:	  	+44 20 7547 3665
	Contact:	  	Trust & Securities Services

  
  
  

					
	Maximum Amount:	  		  	Denominations:
			
	U.S.$2,200,000,000	  		  	 U.S.$500,000
 €500,000

		  		  	 £100,000
 ¥100,000,000

		  		  	 (or other conventionally accepted Denominations in other currencies) provided that the Dollar Equivalent of any Note must be at least
U.S.$500,000 determined based on the spot rate of exchange on the issue date.
  

	 	  	 	  	 
	Governing Law:	  		  	Form of Notes:
			
	Agreements:	  	English	  	 Exchangeable Global Notes with Definitive Notes available on default or in certain other circumstances
  
 Sterling Definitive Notes

			
	Notes:	  	English	  	Notes may be issued at a discount to face value or may bear interest or may be Index Linked Notes
			
	 	  	 	  	 
	Minimum Term:	  		  	Maximum Term:
			
	One day	  		  	183 days

  

 - 25 - 

					
	Clearing Systems:	  	 	  	Selling Restrictions:
		
	 Euroclear Bank S.A./N.V., as operator of the Euroclear system, Euroclear France S.A. as operator of the Euroclear France
clearing system, Clearstream Banking, société anonyme, Luxembourg (or such other recognised clearing system as may be agreed between the Issuer and the Issuing and Paying Agent and in which Notes may from time to time be
held)
  
	  	 U.S.A.
 United
Kingdom
 Japan
 Luxembourg

	 	 	 
	Agent for Service of Process:	  		  	
			
	Veeder-Root Finance Company	  		  	
			
	Address:	  	 Hydrex House
 Garden Road

 Richmond
 Surrey
 TW9 4NR
 United Kingdom
	  	
			
	Telephone:	  	+44 19 3277 3820	  	
	Fax:	  	+44 19 3278 9540	  	
	Contact:	  	Vice President and Manager, Corporate Finance	  	

  

 - 26 - 

 SCHEDULE 4 
 INCREASE OF MAXIMUM AMOUNT 
 [Letterhead of Issuers] 
 [Date] 
  

	To:	[•] (as Dealers) 

 [•]
(as Issuing and Paying Agent) 
 Dear Sirs 
 U.S.$ • Euro-commercial paper programme 
 We refer to an amended and restated dealer agreement dated [•] May 2007 (the
“Dealer Agreement”) among ourselves as the Issuers, the Guarantor, the Arranger and you as Dealers relating to a U.S.$ 2,200,000,000 Euro-commercial paper programme (the “Programme”). Terms used in the Dealer
Agreement shall have the same meaning in this letter. 
 In accordance with Clause 2.5 of the Dealer Agreement, we hereby notify each of
the addressees listed above that the Maximum Amount of the Programme is to be increased from U.S.$2,200,000,000 to U.S.$[•],000,000,000 with effect from [date], subject to delivery of the following documents: 
  

	(a)	an updated or supplemental Information Memorandum reflecting the increase in the Maximum Amount of the Programme. 

  

	(b)	certified copies of all documents evidencing the internal authorisations and approvals required to be granted by the Issuers and the Guarantor for such increase in the
Maximum Amount; 

  

	(c)	certified copies of [specify any governmental or other consents required by the Issuer or the Guarantor for such increase]; 

  

	(d)	legal opinions from (i) Wilmer Cutler Pickering Hale and Dorr LLP, counsel to the U.S. Issuer and Guarantor, as to the laws of the State of incorporation of the
U.S. Issuer and Guarantor, (ii) Arendt & Medernach, counsel to the Luxembourg Issuer, as to the laws of Luxembourg, (iii) Logos Legal Services, counsel to the Icelandic Issuer, as to the law of Iceland and (iv) Clifford
Chance LLP relating to such increase; 

  

	(e)	a list of names, titles and specimen signatures of the persons authorised to sign on behalf of each Issuer and the Guarantor all notices and other documents to be
delivered in connection with such an increase in the Maximum Amount; and 

  

	(f)	written confirmation that [Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies Inc.] [Moody’s Investors Service, Inc.] [Fitch
IBCA, Inc.] [Duff & Phelps Credit Rating Co.] respectively are maintaining their current ratings for the Programme. 

  

 - 27 - 

 From the date on which such increase in the Maximum Amount becomes effective, all references in the Dealer
Agreement to the Maximum Amount or the amount of the Programme shall be construed as references to the increased Maximum Amount as specified herein. 
  

	
	Yours faithfully
	
	for and on behalf of
	
	Danaher European Finance S.A.
	
	  
	Danaher European Finance Company ehf
	
	  
	Danaher Corporation
	
	  

  

 - 28 - 

 SCHEDULE 5 
 APPOINTMENT OF NEW DEALER 
 [Letterhead of Issuers] 
 [Date] 
  

	To:	[Name of new Dealer] 

 Dear Sirs 
 U.S.$ 2,200,000,000 Euro-commercial paper programme 
 We refer to an amended and restated dealer agreement dated [•] May 2007 (the “Dealer Agreement”) among ourselves as Issuers, the Guarantor, the Arranger and the Dealers relating to a U.S.$ 2,200,000,000 Euro-commercial
paper programme (the “Programme”). Terms used in the Dealer Agreement shall have the same meaning in this letter. 
 In
accordance with Clause 6.2 of the Dealer Agreement, we hereby appoint you as an additional dealer for the Programme upon the terms of the Dealer Agreement with [immediate effect/effect from [date]]. Please confirm acceptance of your
appointment upon such terms by signing and returning to us the enclosed copy of this letter, whereupon you will, in accordance with Clause 6.2 of the Dealer Agreement, become a party to the Dealer Agreement vested with all the authority,
rights, powers, duties and obligations as if originally named as a Dealer thereunder. 
  

	
	Yours faithfully
	
	  
	for and on behalf of
	Danaher European Finance S.A.
	
	  
	for and on behalf of
	Danaher European Finance Company ehf
	
	  
	for and on behalf of
	Danaher Corporation

 [On copy] 
  

 - 29 - 

 We hereby confirm acceptance of our appointment as a Dealer upon the terms of the Dealer Agreement referred
to above. For the purposes of Clause 8 (Notices), our contact details are as follows: 
  

			
	[Name of Dealer]
		
	Address:	 	[                    ]
	Telephone:	 	[                    ]
	Fax:	 	[                    ]
	Contact:	 	[                    ]

			
		
	Dated:	 	 
		
	Signed:	 	 
		 	for [Name of new Dealer]

  

 - 30 - 

 SCHEDULE 6 
 FORM OF CALCULATION AGENCY AGREEMENT 
 THIS AGREEMENT is made on [date] 
 BETWEEN 
  

	(1)	[DANAHER EUROPEAN FINANCE S.A.] / [DANAHER EUROPEAN FINANCE COMPANY EHF] / [DANAHER CORPORATION] (the “Issuer”); 

  

	(2)	 [DANAHER CORPORATION as guarantor (the “Guarantor”);]1 and 

  

	(3)	[CALCULATION AGENT], as the calculation agent appointed pursuant to Clause 6 hereof (the “Calculation Agent”, which expression shall
include any successor thereto). 

 WHEREAS: 
  

	(A)	Under an amended and restated dealer agreement (as further amended, supplemented and/or restated from time to time, the “Dealer Agreement”) dated
[•] May 2007 and made among the Issuer, [the Guarantor,] the Arranger and the Dealers referred to therein, and a second amended and restated issuing and paying agency agreement (as further amended, supplemented and/or restated from time to
time, the “Agency Agreement”) dated [•] May 2007 and made among the Issuers, the Guarantor and the agents referred to therein, the Issuers established a Euro-commercial paper programme (the “Programme”).

  

	(B)	The Dealer Agreement contemplates, among other things, the issue under the Programme of index linked notes and provides for the appointment of calculation agents in
relation thereto. Each such calculation agent’s appointment shall be on substantially the terms and subject to the conditions of this Agreement. 

 IT IS AGREED as follows: 
  

	1.	INTERPRETATION 

  

	1.1	Definitions 

 Terms not
expressly defined herein shall have the meanings given to them in the Dealer Agreement or the Agency Agreement. 
  

	1.2	Legislation 

 Any
reference in this Agreement to any legislation (whether primary legislation or regulations or other subsidiary legislation made pursuant to primary legislation) shall be construed as a reference to such legislation as the same may have been, or may
from time to time be, amended or re-enacted. 
  

	1.3	Index Linked Notes 

 “Relevant Index Linked Notes” means such Index Linked Notes in respect of which the Calculation Agent is appointed. 
  
  

	1	 The Guarantor shall not be a party to this Agreement where the Issuer is the U.S. Issuer. 

  

 - 31 - 

	2.	APPOINTMENT OF CALCULATION AGENT 

 The Issuer appoints the Calculation Agent as its agent for the purpose of calculating the redemption amount and/or, if applicable, the amount of interest in respect of the Relevant Index Linked Notes upon the terms and subject to the
conditions of this Agreement. The Calculation Agent accepts such appointment. 
  

	3.	DETERMINATION AND NOTIFICATION 

  

	3.1	Determination 

 The
Calculation Agent shall determine the redemption amount of, and/or, if applicable, the amount of interest payable on, each Relevant Index Linked Note in accordance with the redemption and/or interest calculation applicable thereto. 
  

	3.2	Notification 

 The
Calculation Agent shall as soon as it has made its determination as provided for in Clause 3.1 above (and, in any event, no later than the close of business on the date on which the determination is made) notify the Issuer and the Issuing and
Paying Agent (if other than the Calculation Agent) of the redemption amount and/or, if applicable, the amount of interest so payable. 
  

	4.	STAMP DUTIES 

 The Issuer
will pay all stamp, registration and other taxes and duties (including any interest and penalties thereon or in connection therewith) payable in connection with the execution, delivery and performance of this Agreement. 
  

	5.	INDEMNITY AND LIABILITY 

  

	5.1	Indemnity 

 The Issuer
shall indemnify and hold harmless on demand the Calculation Agent against any claim, demand, action, liability, damages, cost, loss or expense (including, without limitation, reasonable legal fees and any applicable value added tax) which it may
incur arising out of, in connection with or based upon the exercise of its powers and duties as Calculation Agent under this Agreement, except such as may result from its own negligence or bad faith or that of its officers, employees or agents.

  

	5.2	Liability 

 The
Calculation Agent may consult as to legal matters with lawyers selected by it, who may be employees of, or lawyers to, the Issuer. If such consultation is made, the Calculation Agent shall be protected and shall incur no liability for action taken
or not taken by it as Calculation Agent or suffered to be taken with respect to such matters in good faith, without negligence and in accordance with the opinion of such lawyers. 
  

	6.	CONDITIONS OF APPOINTMENT 

 The Calculation Agent and the Issuer agree that its appointment will be subject to the following conditions: 
  

	 	(a)	No obligations: in acting under this Agreement, the Calculation Agent shall act as an independent expert and shall not assume any obligations towards or
relationship of agency or trust for the Issuer or the owner or holder of any of the Relevant Index Linked Notes or any interest therein; 

  

 - 32 - 

	 	(b)	Notices: unless otherwise specifically provided in this Agreement, any order, certificate, notice, request, direction or other communication from the Issuer made
or given under any provision of this Agreement shall be sufficient if signed or purported to be signed by a duly authorised employee of the Issuer; 

  

	 	(c)	Duties: the Calculation Agent shall be obliged to perform only those duties which are set out in this Agreement and in the redemption and/or interest calculation
relating to the Relevant Index Linked Notes; 

  

	 	(d)	Ownership, interest: the Calculation Agent and its officers and employees, in its individual or any other capacity, may become the owner of, or acquire any
interest in, any Relevant Index Linked Notes with the same rights that the Calculation Agent would have if it were not the Calculation Agent hereunder; and 

  

	 	(e)	Calculations and determinations: all calculations and determinations made pursuant to this Agreement by the Calculation Agent shall (save in the case of manifest
error) be binding on the Issuer, the Calculation Agent and (if other than the Calculation Agent) the holder(s) of the Relevant Index Linked Notes and no liability to such holder(s) shall attach to the Calculation Agent in connection with the
exercise by the Calculation Agent of its powers, duties or discretion under or in respect of the Relevant Index Linked Notes in accordance with the provisions of this Agreement, except such as may result from the Calculation Agent’s own
negligence or bad faith or that of its officers, employees or agents. 

  

	7.	ALTERNATIVE APPOINTMENT 

 If, for any reason, the Calculation Agent ceases to act as such or fails to comply with its obligations under Clause 3, the Issuer shall appoint the Issuing and Paying Agent as calculation agent in respect of the Relevant Index Linked
Notes. 
  

	8.	THIRD PARTY RIGHTS 

 A
person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement. 
  

	9.	NOTICES 

 Clause 8
(Notices) of the Dealer Agreement shall apply to this Agreement mutatis mutandis. 
  

	10.	LAW AND JURISDICTION 

  

	10.1	Governing law 

 This
Agreement and all matters arising from or connected with it are governed by, and shall be construed in accordance with, English law. 
  

 - 33 - 

	10.2	English courts 

 The
courts of England have exclusive jurisdiction to settle any dispute (a “Dispute”), arising from or connected with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement) or the
consequences of its nullity. 
  

	10.3	Appropriate forum 

 The
parties agree that the courts of England are the most appropriate and convenient courts to settle any Dispute and, accordingly, that they will not argue to the contrary. 
  

	10.4	Rights of the Calculation Agent to take proceedings outside England 

 Clause 10.2 is for the benefit of the Calculation Agent only. As a result, nothing in this Clause 10 prevents the Calculation Agent from taking proceedings relating to a Dispute
(“Proceedings”) in any other courts with jurisdiction. To the extent allowed by law, the Calculation Agent may take concurrent Proceedings in any number of jurisdictions. 
  

	10.5	Process agent 

 The Issuer
[and the Guarantor] agree[s] that the documents which start any Proceedings and any other documents required to be served in relation to those Proceedings may be served on it by being delivered to Vedeer Root Finance Company at Hydrex House, Garden
Road, Richmond, Surrey TW9 4NR, United Kingdom for the attention of the Vice President and the Managers, Corporate Finance or, if different, its registered office for the time being or at any address of the Issuer or the Guarantor in Great Britain
at which process may be served on it in accordance with Part XXIII of the Companies Act 1985. If such person is not or ceases to be effectively appointed to accept service of process on behalf of the Issuer[ or the Guarantor, the Issuer or the
Guarantor,[ as the case may be, shall, on the written demand of the Dealer addressed and delivered to the Issuer [or the Guarantor] appoint a further person in England to accept service of process on its behalf and, failing such appointment within
15 days, the Dealer shall be entitled to appoint such a person by written notice addressed to the Issuer [or the Guarantor] and delivered to the Issuer [or the Guarantor, as the case may be]. Nothing in this paragraph shall affect the right of any
Dealer to serve process in any other manner permitted by law. This clause applies to Proceedings in England and to Proceedings elsewhere. 
  

	11.	COUNTERPARTS 

 This
Agreement may be signed in any number of counterparts (including facsimile copies), all of which when taken together shall constitute a single agreement. 
  

 - 34 - 

 AS WITNESS the hands of the duly authorised representatives of the parties hereto the day and year
first before written. 
 [DANAHER EUROPEAN FINANCE S.A.]/[DANAHER EUROPEAN FINANCE COMPANY EHF] / [DANAHER CORPORATION] 
  

			
	By:	 	 
	
	[DANAHER CORPORATION]
		
	By:	 	 
	
	[NAME OF CALCULATION AGENT]
		
	By:	 	 

  

 - 35 - 

 Signature Page 
  

	
	The Luxembourg Issuer
	
	DANAHER EUROPEAN FINANCE S.A.
	
	/s/ Frank T. McFaden
	By: Frank T. McFaden
	
	The Icelandic Issuer
	
	DANAHER EUROPEAN FINANCE COMPANY ehf
	
	/s/ Frank T. McFaden
	By: Frank T. McFaden
	
	The U.S. Issuer and Guarantor
	
	DANAHER CORPORATION
	
	/s/ Frank T. McFaden
	By: Frank T. McFaden
	
	The Arranger
	
	LEHMAN BROTHERS INTERNATIONAL (EUROPE)
	
	/s/ [illegible]
	By:
	
	Dealer
	
	LEHMAN BROTHERS INTERNATIONAL (EUROPE)
	
	/s/ [illegible]
	By:

  

			
	Dealer
	
	BARCLAYS BANK PLC
		
	By:	 	/s/ Lynda Fleming
		 	Lynda Fleming
		 	Authorised Attorney

  

 - 36 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]