Document:

Blueprint

 

 

Exhibit 10.1

 

SEPARATION AGREEMENT

 

THIS SEPARATION AGREEMENT (this
“Agreement”) is made and entered into by and between
Dorothy Cipolla
(“Employee”) and LightPath Technologies, Inc., a Delaware
corporation (“Employer” or “LightPath”),
who agree as follows:

 

1. Termination of Employment.
Employee’s employment by Employer and Insperity PEO Services,
L.P. (“Insperity”) is terminated effective July 12,
2019 (the “Termination Date”).

 

2. Severance Payment. If Employee
executes this Agreement within the Consideration Period and does
not revoke it, Employer agrees to pay to Employee the amount of
$100,000.03 as severance (“Severance Payment”). Payment
of such amount shall be made to Employee in thirteen (13) bi-weekly
installments of $7,692.31, in accordance with Employer’s
customary payroll cycle. The first installment will be paid on
Employer’s first bi-weekly payroll date following the
“Effective Date” of this Agreement (as defined in
Section 9 below), in accordance with Employer’s customary
payroll schedule. Severance is deemed supplemental income and is
taxed at a rate of 22% income tax withholding. There will be no
other deductions from severance for benefits since any company
provided benefits will have ceased; the only deductions made will
be those required by law to be withheld. The Severance Payment
amount is in addition to amounts due to Employee as of the date of
termination consisting of pay, any outstanding reimbursement
expenses and accrued vacation hours. Employee confirms that all
reimbursement expenses have been submitted for payment and no other
compensation other than that mentioned in the preceding sentence
may be due to employee.

 

3. COBRA Benefit. If Employee
executes, but does not revoke, this Agreement within the
Consideration Period, 
Employer agrees to reimburse Employee for three
(3) months of the cost of COBRA not to exceed $1,802.40
(“COBRA Benefit”). Employer will reimburse Employee for
the cost of COBRA on a monthly basis by a company Accounts Payable
check paid by the 15th of the month
following each of the three (3) months of coverage. If Employee
declines COBRA or discontinues COBRA during the three (3) month
period immediately following separation of employment, Employee
will no longer be entitled to reimbursement for the cost of COBRA.
Employee will be entitled to elect COBRA at her own expense and
without reimbursement even if she fails to execute this Agreement
within the Consideration Period or revokes her execution of this
Agreement.

 

4. Accelerated Vesting of Restricted
Units. If Employee executes this Agreement within the
Consideration Period and does not revoke it, Employer agrees to
accelerate the vesting of 5,735 Restricted Units (as defined in
that certain Restricted Unit Agreement dated October 26, 2017, by
and between Employee and Employer (the “RU
Agreement”)), which will result in the lapse of the
Forfeiture Restrictions (as defined in the RU Agreement) with
respect to the remaining unvested 5,735 Restricted Units
(“Accelerated Vesting”). Employer shall cause 5,735
shares of LightPath common stock, representing the 5,735 Restricted
Units, to be issued to Employee as soon as reasonably practicable
following the Effective Date. The parties agree such issuance shall
be in accordance with the terms of the RU Agreement.

 

 

1

 

 

5. No Consideration Absent Execution of
this Agreement. Employee understands and agrees that
Employee would not receive the Severance Payment, COBRA Benefit, or
Accelerated Vesting specified in Sections 2, 3, and 4 above, except
for Employee’s execution and non-revocation of this Agreement
and the fulfillment of the promises contained herein. The Severance
Payment, COBRA Benefit, and Accelerated Vesting set forth in
Sections 2, 3, and 4 shall constitute the only sums, or other
consideration, to be paid to Employee.

 

6. Acknowledgement of Full
Payment. Employee acknowledges that she would not be
entitled to the payments or other consideration mentioned in
Sections 2, 3, and 4 above, in the absence of her executing this
Agreement, and that such payments are in excess of anything to
which she is entitled. Employee further acknowledges that other
than what she already has received from Employer prior to the date
she executes this Agreement, and anything to which she may be
entitled by virtue of her signing this Agreement, she is not
entitled to any other wages, benefits, compensation or payments
from Employer. Employee agrees that the additional compensation to
be paid under this Agreement is due solely from LightPath and that
Insperity has no obligation to pay the additional compensation,
even though its payment may be processed through Insperity.
Employee further acknowledges that Employer is not accelerating the
vesting of any outstanding incentive stock options previously
granted to Employee and that, as of the Termination Date,
Employee’s vested and outstanding incentive stock options are
as set forth on Exhibit “A” attached hereto. All vested
and outstanding incentive stock options remain exercisable by
Employee until the close of business on October 10, 2019, which is
90 days following the Termination Date).

 

7. Employee’s
Release of All Claims and Covenant Not To Sue
(“Release”). Employee hereby releases,
discharges, satisfies and cancels all claims, actions, causes of
action and liabilities of any kind whatsoever which she now has,
may have or has ever had against Employer and Insperity; all of
Employer’s and Insperity’s respective current and
former subsidiaries, parent companies, related companies,
affiliates, predecessors, successors and assigns; and all past and
present representatives, agents, officers, directors, trustees,
shareholders, insurers and employees of Employer and the other
entities referenced in this Section (collectively, the
“Released Parties”) – either individually or
collectively – arising out of her employment by Employer (and
the termination of that employment), or otherwise, up to and
including the date she executes this Agreement – including,
but not limited to, any claims under the Civil Rights Acts of 1866
and 1871; Title VII of the Civil Rights Act of 1964; the Civil
Rights Act of 1991; the Equal Pay Act; the National Labor Relations
Act; the Employee Retirement Income Security Act (ERISA); the
Americans with Disabilities Act of 1990; the Rehabilitation Act of
1973; the Family and Medical Leave Act of 1993; the Age
Discrimination in Employment Act, the
Florida Civil Rights Act, any and all other Florida
Statutes; and any and all other laws, statutes, ordinances,
treaties, rules or regulations, as amended, or under common law
(collectively, “Claims”). Employee represents and
agrees that she has not filed any complaints, charges or lawsuits
of any kind whatsoever against Employer or any of the other
Released Parties described above, nor is she aware of any basis to
file any such complaints, charges or lawsuits with any other
governmental agency or any court, directly or on behalf of any
other person or private or governmental entity. By executing this Agreement, Employee waives (to
the maximum extent permissible by law) any right to commence, join,
encourage, aid or participate in any action or proceeding arising
from or related to any act or omission by Employer and/or the other
above-mentioned Released Parties that occurred on or prior to the
date she executes this Agreement, including, but not limited to,
any right to participate in the settlement or remedy of any action
brought by any other individual, the U.S. Equal Employment
Opportunity Commission or any other federal, state or local civil
rights agency. The provisions of this Section shall not bar
Employee from filing an action to enforce this Agreement or to
challenge the validity of her release of claims under the Age
Discrimination in Employment Act, or from participating in any
action or proceeding in which she is compelled lawfully to do so
pursuant to a court order or subpoena. This Release is given
in exchange for consideration in excess of any consideration that
Employee was entitled to at the time of Employee’s separation
of employment and does not apply to claims arising after the
execution of this Agreement. Nothing
in this Agreement is intended to prevent Employee from cooperating
in a federal, state or local investigation.

 

 

2

 

 

8. Release of ADEA Claims.
Employee acknowledges that Employee is waiving any and all claims
Employee may have pursuant to the Age Discrimination in Employment
Act (“ADEA”) relating to Employee’s employment
with Employer or Insperity. Employee further acknowledges and
agrees that Employee has twenty-one (21) days to consider whether
Employee should agree to release claims, if any, under the ADEA
(“Consideration Period”). Employee further understands
that Employee may revoke Employee’s waiver of ADEA claims
within seven (7) days following Employee’s execution of this
Agreement. Employee understands that if Employee chooses to accept
this Agreement before the Consideration Period has expired,
Employee will be voluntarily waiving any remaining portion of the
Consideration Period. Employee agrees that any modifications,
material or otherwise, made to this Agreement, do not restart or
affect in any manner the original up to twenty-one (21) calendar
day Consideration Period. Employee also acknowledges that Employee
has hereby been advised in writing to consult with counsel related
to the waiver of claims pursuant to the ADEA and that Employee has
consulted with counsel or has waived the right to do
so.

 

9. Revocation. Should Employee
execute this Agreement, and decide to revoke Employee’s
waiver of ADEA claims, revocation shall be in writing, delivered to
Laura Alphonso, Director of Corporate
Human Resources, LightPath Technologies, Inc., 2603 Challenger Tech
Court, Suite 100, Orlando, FL 32826. To be effective,
revocation must be physically delivered on or before the end of the
eighth calendar day from the date of Employee’s execution of
this Agreement. The Agreement and release contained herein are not
effective or enforceable until the time for revocation has expired.
If not revoked as provided herein, the “Effective Date”
of this Agreement shall be the eighth calendar day after the date
of Employee’s execution of this Agreement.

 

10. Confidentiality of Information.
Employee agrees that any and all information which Employee has
made, developed, originated or acquired either individually or
jointly with any other person or persons at any time during the
period of employment by Employer prior to the Termination Date,
which relates in any way to the business or type of business
engaged in by Employer is to be kept confidential. Such information
includes, but is not limited to all concepts, techniques,
processes, systems, devices, charts, manuals, price lists, payroll,
administrative methods and information and improvements thereto;
and all other information or materials which may give a competitive
advantage to a competitor (“Confidential Information”).
Employee agrees not to reveal, divulge or make known to any person,
firm or corporation such Confidential Information and understands
that if she discloses to others, uses for her own benefit or for
the benefit of any person or entity other than Employer, copies or
makes notes of any such Confidential Information, such conduct will
constitute a breach of this Agreement. Employee represents that she
is in full compliance with the terms of this Proprietary Rights and
Confidentiality Agreement dated August 7, 2017, a copy of which is
attached hereto as Exhibit “B” (the “Proprietary
Rights Agreement”), and that she has not been in breach of
any of the obligations under the Proprietary Rights Agreement at
any time. Employee reaffirms the Proprietary Rights Agreement and
acknowledges that it is and shall remain in full force and
effect.

 

 

3

 

 

11. Return of Property. Employee
acknowledges that she has returned to Employer all originals and
all hand and electronic copies or other reproductions of all
records, data, notes, reports, proposals, lists, correspondence,
specifications and other documents or property relating to
Employer, its parents, subsidiaries, affiliates, successors or
assigns that were given to her by Employer or were compiled or
prepared by her in connection with her employment by
Employer.

 

12. Cooperation. Employee agrees to
cooperate with Employer and its attorneys and/or other
representatives on all issues in which she was involved or about
which she gained knowledge while an employee of
Employer.

 

13. Non-Disparagement. Employee
agrees that at no time shall she disparage or otherwise speak
negatively of Employer or any of the other Released
Parties.

 

14. Confidentiality of Agreement.
Employee agrees to keep the terms of this Agreement confidential,
and that she will not disclose said terms to anyone other than: (a)
members of her immediate family, (b) her attorney, (c) her tax
consultant or (d) as required by law. Employee shall cause her
immediate family, attorney and tax consultant to honor this
covenant of confidentiality. Notwithstanding this Section, this
Agreement may be admitted into evidence in any action to enforce
its terms.

 

15. No Admission of Liability. This
Agreement shall not in any way be construed as an admission by
Employer that it has acted wrongfully with respect to Employee or
any person, or that Employee has any rights whatsoever against
Employer, and Employer specifically disclaims any liability to or
wrongful acts against Employee or any other person, on the part of
itself, its employees, or its or their agents.

 

16. No
Right to Reemployment. Employee shall have no right to
reinstatement or further employment with Employer, and she will not
make application for further employment with Employer or any of the
other Released Parties. This Agreement
shall constitute a legitimate, nondiscriminatory reason and
non-retaliatory reason for refusal to employ
Employee.

 

17. Non-Assignment
of Claims. Employee represents and warrants to Employer that
there has been no assignment or other transfer of any interest in
any Claim which Employee may have against any Released Party and
agrees to indemnify and hold the Released Parties harmless from any
liability, claims, demands, damages, costs, expenses, and
attorney’s fees incurred as a result of any person asserting
any such assignment or transfer of any Claims.

 

18. Representation
of Proper Conduct in Employer’s Best Interests.
Employee represents and covenants that all actions Employee has
taken through the date of the execution of this Agreement relating
to Employer have been in the best interests of
Employer.

 

19. Representation.
Employee warrants that while in the employ of Employer, Employee
did not misrepresent Employer or deal with any third party in bad
faith. Employee further warrants that Employee has not incurred any
expenses or obligations or liabilities on behalf of Employer which
have not been disclosed to Employer at the signing of this
Agreement.

 

 

4

 

 

20. Indemnification.
Employee agrees to indemnify and hold each and all of the Released
Parties harmless from and against any and all damages, claims,
liabilities, judgments, causes of action, losses, costs, damages,
and expenses including without limitation, attorneys’ fees
and costs incurred by Released Parties, or any of them, arising out
of any willful act, omission or gross negligence on the part of
Employee in the performance of her employment, including but not
limited to, misrepresentations to third parties concerning
Employer, its products or services.

 

21. Non-Solicitation.
Employee represents and agrees that she has not done, and, for a
period of six months following the termination of her employment,
will not do, any of the following: (a) call upon any person or
entity which is, at that time, or which has been within one year
prior to that time, an actual or prospective customer of - Employer
or any of their successors or assigns for the purpose of soliciting
or selling products or services in direct competition with -
Employer; (b) cause a customer of - Employer or any of their
successors or assigns to terminate their relationship or reduce the
business conducted with any such entity; and (c) call upon or
entice any person who is, at that time, an employee of - Employer
or any of their successors or assigns to terminate his or his
employment with - Employer or any of their successors or
assigns.

 

22. Cooperation.
At Employer’s request, Employee shall take reasonable actions
to assist, consult with, advise and cooperate with Employer with
respect to matters and issues in which she was involved or about
which she gained knowledge while an employee of
Employer.

 

23. Non-Reliance.
Employee represents and acknowledges that in executing this
Agreement, Employee does not rely and has not relied upon any
representation or statement not set forth herein, made by any of
the Released Parties or by any of the Released Parties’
agents, representatives, or attorneys with regard to the subject
matter, basis or effect of this Agreement or
otherwise.

 

24.  Waiver/Modification. No waiver
or modification of this Agreement or of any covenant, condition, or
limitation herein contained shall be valid unless in writing and
duly executed by the party charged therewith. No failure of any
party to exercise any power given such party hereunder or to insist
upon strict compliance by any party with its obligations hereunder,
and no custom or practice of the parties in variance with the terms
hereof, shall constitute a waiver of the parties’ right to
demand exact compliance with the terms hereof.

 

25.  Binding Nature of
Agreement/Assignment. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective
heirs, successors, assigns and legal representatives. This Agreement shall not be assigned; provided
however, that Employer shall have the right assign this Agreement
to a parent, subsidiary, affiliate or successor entity, which may
enforce this Agreement once assigned.

 

26. Governing Law/Venue. This
Agreement and the performance hereunder and all suits and special
proceedings hereunder shall be governed by, and construed in
accordance with, the laws of the State of Florida. All actions
under this Agreement shall be taken in a court of competent
jurisdiction exclusively within Orange County, Florida. Employee
acknowledges that jurisdiction and venue are appropriate in said
county, consents to personal jurisdiction therein and waives any
defense that personal jurisdiction or venue therein is
inappropriate.

 

 

 

5

 

 

 

27. Counterparts.
 This Agreement may be executed in multiple
counterparts, each of which is an original, but which shall
together constitute one and the same
instrument.

 

28. Complete Agreement. This
Agreement, the Proprietary Rights Agreement, and any and all
exhibits or schedules attached hereto and thereto contain the
entire agreement of the parties. All prior representations,
promises, and other communications are hereby superseded by this
Agreement.

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement as of
the dates set forth below.

 

EMPLOYEE:

 

 

/s/ Dorothy M.
Cipolla 

Dorothy
Cipolla

 

Date:
July 19, 2019

 

 

STATE
OF FLORIDA

COUNTY
OF OSCEOLA

 

Sworn
to and subscribed before me this 19th day of July, 2019, by Dorothy
Cipolla, who has produced Florida Driver License
(type of identification) as
identification.

 

/s/ Jose Rafael
Anez 

NOTARY
PUBLIC

 

Jose Rafael
Anez 

(Print,
Type or Stamp Commissioned Name

of
Notary Public)

 

 

6

 

 

EMPLOYER:

 

LIGHTPATH
TECHNOLOGIES, INC.

  

By:
/s/ J. James
Gaynor 

Name:
J. James
Gaynor 

Title:
President &
CEO

 

Date:
July 24, 2019

 

STATE OF FLORIDA

 

COUNTY OF ORANGE

 

Sworn to and subscribed before me this 24th
day of July, 2019, by J. James Gaynor
as President & CEO of LightPath Technologies, Inc., a Delaware
corporation, on behalf of the corporation. He/she is
personally known to me.

 

                          

/s/ Michelle L. Pisarri

NOTARY
PUBLIC

 

Michelle L.
Pisarri 

  
(Print, Type or Stamp Commissioned Name of Notary
Public)

 

 

 

7

 

 

EXHIBIT A

 

Vested Options

 

	

Grant Date

	
 

	

Number of Shares of Common Stock Vested

	
 

	

Exercise Price

	

November
15, 2018

	
 

	

2,437

	
 

	

$2.10

	

October
26, 2017

	
 

	

3,256

	
 

	

$4.24

	

October
27, 2016

	
 

	

10,326

	
 

	

$1.78

	

October
27, 2016

	
 

	

39,733

	
 

	

$1.56

	

October
29, 2015

	
 

	

5,250

	
 

	

$1.48

	

October
29, 2015

	
 

	

28,274

	
 

	

$1.48

	

October
30, 2014

	
 

	

15,000

	
 

	

$1.37

	

October
31, 2013

	
 

	

15,000

	
 

	

$1.41

	

January
31, 2013

	
 

	

4,000

	
 

	

$0.87

	

October
25, 2012

	
 

	

12,500

	
 

	

$0.98

	

October
27, 2011

	
 

	

12,500

	
 

	

$1.39

	

November
3, 2010

	
 

	

9,000

	
 

	

$2.69

	

February
4, 2010

	
 

	

10,000

	
 

	

$2.66

 

 

 

 

8

 

 

EXHIBIT B

 

Proprietary Rights and Confidentiality Agreement

 

See
attached.

 

 

 

 

9EX-4.1

 Exhibit 4.1 

ROPER TECHNOLOGIES, INC. 

Officer’s Certificate 

August 26, 2019 
 Reference
is made to the Indenture, dated as of November 26, 2018 (the “Indenture”), between Roper Technologies, Inc., a Delaware corporation (the “Issuer”), and Wells Fargo Bank, National Association, as trustee (the
“Trustee”). The Trustee is the trustee for any and all securities issued under the Indenture. Pursuant to Sections 2.01, 2.03 and 2.04 of the Indenture, the undersigned officer does hereby certify, in connection with the Issuer’s
issuance of $500,000,000 aggregate principal amount of its 2.350% Senior Notes due 2024 (the “2024 Notes”) and $700,000,000 aggregate principal amount of its 2.950% Senior Notes due 2029 (the “2029 Notes” and, together with the
2024 Notes, the “Notes”), that the terms of the Notes are as follows: 
 Capitalized terms used but not otherwise defined herein
shall have the meanings specified in the Indenture. 
  

			
	2024 Notes	  	
		
	Title:	  	2.350% Senior Notes due 2024
		
	Issuer:	  	Roper Technologies, Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	  	Wells Fargo Bank, National Association
		
	Aggregate Principal Amount at Maturity:	  	$500,000,000
		
	Principal Payment Date:	  	September 15, 2024
		
	Interest:	  	2.350% per annum
		
	Date from which Interest will Accrue:	  	August 26, 2019
		
	Interest Payment Dates:	  	March 15 and September 15, beginning March 15, 2020
		
	Optional Redemption:	  	The Issuer may at its option redeem the 2024 Notes, in whole or in part, at any time or from time to time prior to August 15, 2024 (one month prior to maturity date), on at least 15 days’, but not more than 60
days’, prior notice mailed to the registered address of each holder of the 2024 Notes at a redemption price, calculated by the Issuer, equal to the greater of:

			
		
		  	 (i)    100% of the principal amount of the 2024 Notes being redeemed; or

 
 (ii)    the sum of the present values of the remaining scheduled
payments of principal and interest thereon discounted to the redemption date, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a
rate equal to the sum of the Treasury Rate (as defined in the 2024 Notes) plus 15 basis points, plus, in each case, accrued and unpaid interest thereon to the redemption date.

 
 At any time on or after August 15, 2024 (one month prior to the maturity date), the
Issuer may redeem the 2024 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2024 Notes, plus accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and multiples of $1,000 thereafter
		
	Miscellaneous:	  	The terms of the 2024 Notes shall include such other terms as are set forth in the form of 2024 Notes attached hereto as Exhibit A and in the Indenture.
		
	2029 Notes	  	
		
	Title:	  	2.950% Senior Notes due 2029
		
	Issuer:	  	Roper Technologies, Inc.
		
	Trustee, Registrar, Transfer Agent, Authenticating Agent, and Paying Agent:	  	Wells Fargo Bank, National Association
		
	Aggregate Principal Amount at Maturity:	  	$700,000,000
		
	Principal Payment Date:	  	September 15, 2029

			
		
	Interest:	  	2.950% per annum
		
	Date from which Interest will Accrue:	  	August 26, 2019
		
	Interest Payment Dates:	  	March 15 and September 15, beginning March 15, 2020
		
	Optional Redemption:	  	The Issuer may at its option redeem the 2029 Notes, in whole or in part, at any time or from time to time prior to June 15, 2029 (three months prior to maturity date), on at least 15 days’, but not more than 60 days’,
prior notice mailed to the registered address of each holder of the 2029 Notes at a redemption price, calculated by the Issuer, equal to the greater of:
		
		  	 (i)    100% of the principal amount of the 2029 Notes being redeemed; or

 
 (ii)    the sum of the present values of the remaining scheduled
payments of principal and interest thereon discounted to the redemption date, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at a
rate equal to the sum of the Treasury Rate (as defined in the 2029 Notes) plus 25 basis points, plus, in each case, accrued and unpaid interest thereon to the redemption date.

 
 At any time on or after June 15, 2029 (three months prior to the maturity date),
the Issuer may redeem the 2029 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2029 Notes, plus accrued and unpaid interest thereon to the date of redemption.

		
	Conversion:	  	None
		
	Sinking Fund:	  	None
		
	Denominations:	  	$2,000 and multiples of $1,000 thereafter
		
	Miscellaneous:	  	The terms of the 2029 Notes shall include such other terms as are set forth in the form of 2029 Notes attached hereto as Exhibit B and in the Indenture.

 Subject to the representations, warranties and covenants described in the Indenture, as amended or
supplemented from time to time, the Issuer shall be entitled, subject to authorization by the Board of Directors of the Issuer and an Officer’s Certificate, to issue additional notes from time to time under each series of Notes issued hereby.
Any such additional notes of a series shall have identical terms as the Notes issued on the issue date, other than with respect to the date of issuance and the issue price (together, the “Additional Notes”). Any Additional Notes will be
issued in accordance with Section 2.03 of the Indenture. 
 Such officer has read and understands the provisions of the Indenture and
the definitions relating thereto. The statements made in this Officer’s Certificate are based upon the examination of the provisions of the Indenture and upon the relevant books and records of the Issuer. In such officer’s opinion, he has
made such examination or investigation as is necessary to enable such officer to express an informed opinion as to whether or not the covenants and conditions of such Indenture relating to the issuance and authentication of the Notes have been
complied with. In such officer’s opinion, such covenants and conditions have been complied with. 

 IN WITNESS WHEREOF, I have signed this Officer’s Certificate. 

Dated: August 26, 2019 
  

			
	ROPER TECHNOLOGIES, INC.
		
	By:	 	/s/ John Stipancich
	Name:	 	John Stipancich
	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

 EXHIBIT A 

[Form of Global Note] 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE. 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH
TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

 ROPER TECHNOLOGIES, INC. 

2.350% Senior Notes due 2024 

CUSIP No. 776743AH9 
 ISIN No.
US776743AH99 
 $_____ 
 ROPER
TECHNOLOGIES, INC., a Delaware corporation (the “Issuer”), for value received promises to pay to CEDE & CO. or registered assigns the principal sum of __________ on September 15, 2024. 

Interest Payment Dates: March 15 and September 15 (each, an “Interest Payment Date”), commencing on March 15,
2020. 
 Interest Record Dates: March 1 and September 1 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers. 
  

					
	ROPER TECHNOLOGIES, INC.
		
	By:	 	 
		 	Name:	 	John Stipancich
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August     , 2019 

 

			
	 Wells Fargo Bank, National Association,

    as Trustee

		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

ROPER TECHNOLOGIES, INC. 
 2.350%
Senior Notes due 2024 
  

	 	1.	 Interest. 

Roper Technologies, Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above (the “Original Interest Rate”). Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 26, 2019. Interest on this Note
will be paid to but excluding the relevant Interest Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest
Payment Date, commencing March 15, 2020. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of
interest (without regard to any applicable grace periods) to the extent lawful. 
  

	 	2.	 Paying Agent. 

Initially, Wells Fargo Bank, National Association (the “Trustee”) will act as paying agent. The Issuer may change any paying
agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 2.350% Notes due 2024 issued under the indenture, dated as of November 26, 2018 (the “Base
Indenture”), between the Issuer and the Trustee, and established pursuant to an Officer’s Certificate, dated August 26, 2019, issued pursuant to Sections 2.01, 2.03 and 2.04 thereof (together, the “Indenture”).
This Note is a “Security” and the Notes are “Securities” under the Indenture. 
 For purposes of this Note, unless
otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C.
Sections 77aaa-77bbbb) (the “TIA”) as in effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are
referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this Note are inconsistent, except for terms as described under the section titled “8. Optional Redemption” (in which case this
Note shall govern), the terms of the Indenture shall govern. 

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 thereafter. A Holder shall register the
transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable
in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption,
nor need the Issuer register the transfer of or exchange any Note selected for redemption, in whole or in part. 
  

	 	5.	 Limitation on Liens. 

The Issuer shall not issue, incur, create, assume or guarantee any Indebtedness secured by a Lien upon any Principal Property or upon any of
the Capital Stock or Indebtedness of any of its Significant Subsidiaries (whether such Principal Property, or Capital Stock or Indebtedness is then existing or owed or is thereafter created or acquired) without in any such case effectively
providing, concurrently with the issuance, incurrence, creation, assumption or guaranty of any such secured Indebtedness, or the grant of such Lien, that the Notes (together, if the Issuer shall so determine, with any other Indebtedness of or
guarantee by the Issuer ranking equally with the Notes) shall be secured equally and ratably with (or, at the option of the Issuer, prior to) such secured Indebtedness, except: 

(i)      Liens existing on the Issue Date; 

(ii)     Liens on assets or property of a Person at the time it becomes a Subsidiary, securing
Indebtedness of such Person, provided such Indebtedness was not incurred in connection with such Person or entity becoming a Subsidiary and such Liens do not extend to any assets other than those of the person becoming a Subsidiary; 

(iii)    Liens on property or assets of a Person existing at the time such person is merged into or
consolidated with the Issuer or any of its Subsidiaries, or at the time of a sale, lease or other disposition of all or substantially all of the properties or assets of a person to the Issuer or any of its Subsidiaries, provided that such Lien was
not incurred in anticipation of the merger, consolidation, or sale, lease, other disposition or other such transaction by which such Person was merged into or consolidated with the Issuer or any of its Subsidiaries; 

(iv)    Liens existing on assets created at the time of, or within the 12 months following, the
acquisition, purchase, lease, improvement or development of such assets to secure all or a portion of the purchase price or lease for, or the costs of improvement or development of (in each case including related costs and expenses), such assets;

 (v)       Liens to secure any extension,
renewal, refinancing or refunding (or successive extensions, renewals, refinancings or refundings), in whole or in part, of any Indebtedness secured by Liens referred to in this Section 5, so long as such Lien is limited to all or part of
substantially the same property which secured the Lien extended, renewed or replaced, and the amount of Indebtedness secured is not increased (other than by the amount equal to any costs and expenses (including any premiums, fees or penalties)
incurred in connection with any extension, renewal, refinancing or refunding); 

(vi)      Liens for taxes not yet due or that are being contested in good faith by appropriate
proceedings, provided that adequate reserves with respect thereto are maintained on our books in conformity with generally accepted accounting principles; 

(vii)     Liens imposed by law, such as carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings; 

(viii)    Liens to secure the performance of bids, trade contracts, leases, statutory obligations, surety
and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(ix)      Liens in favor of only the Issuer or one or more of its Subsidiaries; 

(x)       Liens in favor of the Trustee securing Indebtedness owed under the Indenture to
the Trustee and granted in accordance with the Indenture; and 
 (xi)      Liens to secure
Hedging Obligations. 
 Notwithstanding the restrictions in this Section 5, the Issuer will be permitted to incur Indebtedness, secured
by Liens otherwise prohibited by this Section 5, which, together with the value of Attributable Debt outstanding pursuant to Sale and Lease-Back Transactions permitted pursuant to Section 6(iii), do not exceed 15% of Consolidated Net
Tangible Assets measured at the date of incurrence of the Lien. 
 For purposes of this Section 5, the following terms will be
applicable: 
 “Attributable Debt” with regard to a Sale and Lease-Back Transaction with respect to any Principal Property
means, at the time of determination, the present value of the total net amount of rent required to be paid under such lease during the remaining term thereof (including any period for which such lease has been extended), discounted at the rate of
interest set forth or implicit in the terms of such lease (or, if not practicable to determine such rate, the weighted average interest rate per annum borne by the Securities then outstanding under the Indenture (including the Notes) and any
securities then outstanding under the Indenture, dated as of August 4, 2008, between Roper Industries, Inc. (now known as Roper Technologies, Inc.) and the Trustee) compounded semi-annually. In the case of any lease which is terminable by the
lessee upon the payment of a penalty, such net amount shall be the lesser of (x) the net amount determined assuming termination upon the first date such lease may be terminated (in which case the net amount shall also include the amount of the
penalty, but shall not include any rent that would be required to be paid under such lease subsequent to the first date upon which it may be so terminated) or (y) the net amount determined assuming no such termination. 

 “Consolidated Net Tangible Assets” means, as of any date on which the
Issuer effects a transaction requiring such Consolidated Net Tangible Assets to be measured hereunder, the aggregate amount of assets (less applicable reserves) after deducting therefrom: (a) all current liabilities, except for current
maturities of long-term debt and obligations under capital leases; and (b) intangible assets (including goodwill), to the extent included in said aggregate amount of assets, all as set forth on the Issuer’s most recent consolidated balance
sheet and computed in accordance with generally accepted accounting principles in the United States of America applied on a consistent basis. 

“Hedging Obligations” means: 

(a)    interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest
rate cap agreements and interest rate collar agreements; 
 (b)    other agreements or arrangements
designed to manage interest rates or interest rate risk; 
 (c)    other agreements or arrangements
designed to protect against fluctuations in currency exchange rates or commodity prices; and 

(d)    other agreements or arrangements designed to protect against fluctuations in equity prices. 

“Principal Property” means the land, improvements, buildings, fixtures and equipment (including any leasehold interest
therein) constituting the principal corporate office of the Issuer, any manufacturing plant, or any manufacturing, distribution or research facility (in each case, whether now owned or hereafter acquired) which is owned or leased by the Issuer,
unless the Board of Directors of the Issuer has determined in good faith that such office, plant or facility is not of material importance to the total business conducted by the Issuer and the Subsidiaries of the Issuer taken as a whole. With
respect to any Sale and Lease-Back Transaction or series of related Sale and Lease-Back Transactions, the determination of whether any property is a Principal Property shall be determined by reference to all properties affected by such transaction
or series of transactions. 
  

	 	6.	 Limitation on Sale and Leaseback Transactions. 

The Issuer shall not enter into any Sale and Lease-Back Transaction with respect to any Principal Property, other than any such Sale and
Lease-Back Transaction involving a lease for a term of not more than three years or any such Sale and Lease-Back Transaction between the Issuer and one of its Subsidiaries or between its Subsidiaries, unless: 

(i)    the Issuer or such Subsidiary, as applicable, could have incurred Indebtedness secured by a Lien on
the Principal Property involved in such Sale and Lease-Back Transaction in an amount at least equal to the Attributable Debt with respect to such Sale and Lease-Back Transaction, without equally and ratably securing the Notes, pursuant to
Section 5 hereto; or 

 (ii)    the proceeds of such Sale and Lease-Back
Transaction are at least equal to the fair market value of the affected Principal Property (as determined in good faith by the Board of Directors of the Issuer) and the Issuer applies an amount equal to the net proceeds of such Sale and Lease-Back
Transaction within 365 days of such Sale and Lease-Back Transaction to any of (or a combination of): 
  

	 	a)	 the prepayment or retirement of the Securities then outstanding under the Indenture (including the Notes);

  

	 	b)	 the prepayment or retirement (other than any mandatory retirement, mandatory prepayment or sinking fund payment
or by payment at maturity) of other Indebtedness of the Issuer or of one of its Subsidiaries (other than Indebtedness that is subordinated to the Securities then outstanding under the Indenture (including the Notes) or Indebtedness owed to the
Issuer or one of its Subsidiaries) that matures more than 12 months after its creation; or 

  

	 	c)	 the purchase, construction, development, expansion or improvement of other comparable property.

 (iii)    Notwithstanding the restrictions in subsection (i) above, the Issuer
will be permitted to enter into Sale and Lease-Back Transactions otherwise prohibited by Section 6(i) hereof, which, together with all of the Indebtedness outstanding pursuant to the second paragraph of Section 5, do not exceed 15% of
Consolidated Net Tangible Assets measured at the closing date of the Sale and Lease-Back Transaction. 
 For purposes of this
Section 6, see certain applicable definitions contained in Section 5 and the following definition for “Sale and Lease-Back Transaction”: 

“Sale and Lease-Back Transaction” means any arrangement with any Person providing for the leasing by the Issuer of any
Principal Property, whether now owned or hereafter acquired, which Principal Property has been or is to be sold or transferred by the Issuer to such Person. 
  

	 	7.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any
existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal amount of all series of Outstanding Securities (including the Notes) under
the Indenture that are affected by such amendment, supplement or waiver (voting together as a single class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things,
cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not adversely affect the rights of any Holder of a
Note. 

	 	8.	 Optional Redemption. 

The Issuer may redeem the Notes, in whole or in part, at its option, at any time or from time to time prior to August 15, 2024 (one month
prior to maturity date), on at least 15 days’, but not more than 60 days’, prior notice mailed to the registered address of each Holder of the Notes (any such date of redemption, a “Redemption Date”). The redemption price
will be equal to the greater of: 
 (i)    100% of the principal amount of the Notes to be redeemed; 

or 

(ii)    the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption
Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the Treasury Rate plus 15 basis points, plus, in
each case, accrued and unpaid interest thereon to the Redemption Date. 
 At any time on or after August 15, 2024 (one month prior to
the maturity date), the Issuer may redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to the date of redemption. 

Notice of any redemption of Notes in connection with a corporate transaction (including any equity offering, an incurrence of indebtedness or
a transaction involving a change of control of the Issuer) may, at the Issuer’s discretion, be given prior to the completion thereof and any such redemption or notice may, at the Issuer’s discretion, be subject to one or more conditions
precedent, including, but not limited to, completion of the related transaction. If such redemption or purchase is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition and such notice may be
rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date. In addition, the Issuer may provide in such notice that payment of the redemption price and performance of its obligations with respect to
such redemption may be performed by another person. 
 For purposes of this Section 8, the following terms will be applicable: 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment
Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming, for this purpose, that such Notes matured on August 15, 2024) that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of such Notes. 

 “Comparable Treasury Price” means, with respect to any Redemption Date,
(1) the average of the Reference Treasury Dealer Quotations for such Redemption Date after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Issuer obtains fewer than four such Reference Treasury
Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference
Treasury Dealers, appointed by the Issuer. 
 “Reference Treasury Dealer” means each of (i) BofA Securities, Inc.,
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, and their respective affiliates, and their respective successors and (ii) one other nationally recognized investment banking firm that is a primary U.S. government securities dealer in
the City of New York (a “Primary Treasury Dealer”) as selected by the Issuer. If any of the foregoing or their affiliates shall cease to be a Primary Treasury Dealer, the Issuer shall substitute therefor another Primary Treasury
Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption
Date, the average, as determined by the Issuer, of the bid and ask prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30
p.m., New York City time, on the third business day preceding such Redemption Date. 
 “Remaining Scheduled Payments”
means, with respect to each Note to be redeemed, the remaining scheduled payments of principal of and interest on the Note that would be due after the related Redemption Date but for the redemption (assuming, for this purpose, that such Notes
matured on August 15, 2024). If that Redemption Date is not an Interest Payment Date with respect to a Note, the amount of the next succeeding scheduled interest payment on the Note will be reduced by the amount of interest accrued on the Note
to the Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to maturity or interpolation (on a day count basis) of the interpolated Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date. 
 On and after the Redemption Date, interest will cease to accrue on the Notes or any
portion of the Notes called for redemption, unless the Issuer defaults in the payment of the redemption price and accrued interest. On or before the Redemption Date, the Issuer will deposit with a paying agent or the Trustee money sufficient to pay
the redemption price of, and accrued interest on, the Notes to be redeemed on that date. 
 If the Issuer chooses to redeem less than all of
the Notes, selection of the Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed and in accordance with the procedures of the
depositary; or, if such Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee shall deem fair and appropriate. 

 No Notes of a principal amount of $2,000 or less shall be redeemed in part. Notice of
redemption will be mailed by first-class mail at least 15 but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at its registered address. If any Note is to be redeemed in part only, the notice of redemption
that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the
original Note. On and after the Redemption Date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Issuer has deposited with the paying agent funds in satisfaction of the applicable redemption price.

  

	 	9.	 Offer to Repurchase Upon Change of Control. 

Upon the occurrence of a Change of Control Triggering Event with respect to the Notes, unless the Issuer shall have exercised its right
pursuant to Section 8 hereof to redeem the Notes, each Holder of Notes shall have the right to require the Issuer to repurchase all or, at the Holder’s option, any part (in a multiple of $1,000 provided that the remaining principal amount,
if any, following such repurchase shall be at least $2,000 or a multiple of $1,000 in excess thereof), of such Holder’s Notes (a “Change of Control Offer”) at a repurchase price in cash equal to 101% of the aggregate principal
amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes to be repurchased, to, but excluding, the repurchase date (the “Change of Control Payment”). 

Within 30 days following any Change of Control Triggering Event, the Issuer shall cause a notice to be mailed to Holders of the Notes, with a
copy to the Trustee, describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later
than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures required by the Indenture and described in such notice. The Issuer shall comply with the requirements of applicable
securities laws and regulations in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. 
 On
the Change of Control Payment Date, the Issuer shall, to the extent lawful: 
  

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

  

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

  

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

 The
paying agent shall promptly mail, to each Holder who properly tendered Notes, the repurchase price for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each such Holder a new Note equal
in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a principal amount of $2,000 or a multiple of $1,000 in excess thereof. 

 The Issuer shall not be required to make a Change of Control Offer upon a Change of Control
Triggering Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in the Indenture applicable to a Change of Control Offer made by the Issuer and purchases all
Notes properly tendered and not withdrawn under such Change of Control Offer. If such third party terminates or defaults its Change of Control Offer, the Issuer shall be required to make a Change of Control Offer treating the date of such
terminating or default as though it were the date of the Change of Control Triggering Event. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditional upon
such Change of Control Triggering Event, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. 

The Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Notes as a result of a Change of Control Triggering Event. To the extent that the provision of any such securities
laws or regulations conflicts with this Section 9, the Issuer shall comply with those securities laws and regulations and shall not be deemed to have breached its obligations under this Section 9 by virtue of any such conflict. 

For purposes of this Section 9, the following terms will be applicable: 

“Change of Control” means the occurrence of any one of the following: (1) the direct or indirect sale, lease, transfer,
conveyance or other disposition (other than by way of merger, amalgamation, arrangement or consolidation), in one or a series of related transactions, of all or substantially all of the Issuer’s properties or assets and those of its
subsidiaries, taken as a whole, to one or more persons, other than to the Issuer or one of its subsidiaries; (2) the consummation of any transaction including, without limitation, any merger, amalgamation, arrangement or consolidation the
result of which is that any person becomes the beneficial owner, directly or indirectly, of more than 50% of the Issuer’s Voting Stock; (3) the Issuer consolidates with, or merge with or into, any person, or any person consolidates with,
or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Issuer or of such other person is converted into or exchanged for cash, securities or other property, other than any
such transaction where the shares of the Issuer’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving
effect to such transaction; or (4) the adoption of a plan relating to our liquidation or dissolution. For the purposes of this definition, “person” and “beneficial owner” have the meanings used in Section 13(d) of the
Exchange Act. 
 “Change of Control Triggering Event” means the Notes cease to be rated Investment Grade by both Rating
Agencies on any date during the period (the “Trigger Period”) commencing 60 days prior to the first public announcement of the Change of Control or the Issuer’s intention to effect a Change of Control and ending 60 days
following consummation of such Change of Control, which Trigger Period will be extended following consummation of a Change of Control for so long as any of the Rating Agencies has publicly announced that it is considering a possible ratings change.
Unless at least one Rating Agency is providing a rating for the Notes at the commencement of any Trigger Period, the Notes will be deemed to have ceased to be rated Investment Grade during that Trigger Period. Notwithstanding the foregoing, no
Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated. 

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

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors. 

“Rating Agencies” means (a) each of Moody’s and S&P; and (b) if any of the Rating Agencies ceases to
provide rating services to issuers or investors, and no Change of Control Triggering Event has occurred or is occurring, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange
Act that is selected by the Issuer (as certified by a resolution of the Board of Directors) as a replacement for Moody’s or S&P, or both of them, as the case may be, and that is reasonably acceptable to the Trustee. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc., and its
successors. 
 “Voting Stock” of any specified person as of any date means the capital stock of such person that is at the
time entitled to vote generally in the election of the Board of Directors of such person. 
  

	 	10.	 Defaults and Remedies. 

If an Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to
the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of all series of Outstanding Securities (including the Notes) under the Indenture that are affected by such Event of Default
(voting together as a single class), shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of
Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes will automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any
Holder. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture
permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Outstanding Securities (including the Notes) affected (voting together as a single class) to direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is in their interest. 

	 	11.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

 

	 	12.	 Abbreviations and Defined Terms. 

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

	 	13.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	14.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note thereof. 

  

ASSIGNMENT FORM 
 To assign this Note, fill in
the form below: 
 I or we assign and transfer this Note to 

(Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 

 

									
	 	 	 	 	 
	Date:	 	 	 		 	Your Signature:	 	 
					
	 	 	 	 	 	 	 	 	 

 Sign exactly as your name appears on the other side of this Note. 

 

									
				
		 		 		 	 
	Signature Guarantee:	 		 		 	 Signature

			
	 	 		 	 
	Signature must be guaranteed	 		 	 Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 
  

 

 SCHEDULE OF EXCHANGES OF NOTES 

a.    The following exchanges of a part of this Global Note for Physical Notes or a part of another Global Note have been
made: 
  

									
	 Date of

Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Note
	 	 Amount of increase in

principal amount of this

Global Note
	  	 Principal amount of

this Global Note
 following
such
 decrease (or increase)
	  	 Signature of

authorized signatory
 of
Trustee

		 		 		  		  	

 REPURCHASE EXERCISE NOTICE UPON A CHANGE OF CONTROL 

To: Roper Technologies, Inc. 
 The undersigned registered owner
of this Security hereby acknowledges receipt of a notice from Roper Technologies, Inc. (the “Issuer”) as to the occurrence of a Change of Control Triggering Event with respect to the Issuer and hereby directs the Issuer to pay, or
cause the Trustee to pay, ____________ an amount in cash equal to 101% of the aggregate principal amount of the Notes, or the portion thereof (which is a multiple of $1,000, provided that the remaining principal amount, if any, following such
repurchase shall be at least $2,000 or a multiple of $1,000 in excess thereof) below designated, to be repurchased plus interest accrued to, but excluding, the repurchase date, except as provided in the Indenture. 

Dated: ____________________ 
 Signature
___________________________ 
 Principal amount to be repurchased (a multiple of $1,000): ________________________ 

Remaining principal amount following such repurchase: _______________________ (zero or at least $2,000 or a multiple of $1,000 in excess thereof) 

By: _______________________________ 
 Authorized Signatory 

 EXHIBIT B 

[Form of Global Note] 
 UNLESS
THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE
NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS A BENEFICIAL INTEREST HEREIN. 

TRANSFERS OF THIS NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE. 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH
TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

 ROPER TECHNOLOGIES, INC. 

2.950% Senior Notes due 2029 

CUSIP No. 776743AG1 
 ISIN No.
US776743AG17 
 $_____ 
 ROPER
TECHNOLOGIES, INC., a Delaware corporation (the “Issuer”), for value received promises to pay to CEDE & CO. or registered assigns the principal sum of __________ on September 15, 2029. 

Interest Payment Dates: March 15 and September 15 (each, an “Interest Payment Date”), commencing on March 15,
2020. 
 Interest Record Dates: March 1 and September 1 (each, an “Interest Record Date”). 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as if set forth at
this place. 

 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by
its duly authorized officers. 
  

					
	ROPER TECHNOLOGIES, INC.
		
	By:	 	 
		 	Name:	 	John Stipancich
		 	Title:	 	Executive Vice President, General Counsel and Corporate Secretary

 This is one of the Notes of the series designated herein and referred to in the
within-mentioned Indenture. 
 Dated: August     , 2019 

 

			
	 Wells Fargo Bank, National Association,

    as Trustee

		
	By:	 	 
		 	Authorized Signatory

 (REVERSE OF NOTE) 

ROPER TECHNOLOGIES, INC. 
 2.950%
Senior Notes due 2029 
  

	 	1.	 Interest. 

Roper Technologies, Inc. (the “Issuer”) promises to pay interest on the principal amount of this Note at the rate per annum
described above (the “Original Interest Rate”). Cash interest on the Notes will accrue from the most recent date to which interest has been paid; or, if no interest has been paid, from August 26, 2019. Interest on this Note
will be paid to but excluding the relevant Interest Payment Date or on such earlier date as the principal amount shall become due in accordance with the provisions hereof. The Issuer will pay interest semi-annually in arrears on each Interest
Payment Date, commencing March 15, 2020. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

The Issuer shall pay interest on overdue principal from time to time on demand at the rate borne by the Notes and on overdue installments of
interest (without regard to any applicable grace periods) to the extent lawful. 
  

	 	2.	 Paying Agent. 

Initially, Wells Fargo Bank, National Association (the “Trustee”) will act as paying agent. The Issuer may change any paying
agent without notice to the Holders. 
  

	 	3.	 Indenture; Defined Terms. 

This Note is one of the 2.950% Notes due 2029 issued under the indenture, dated as of November 26, 2018 (the “Base
Indenture”), between the Issuer and the Trustee, and established pursuant to an Officer’s Certificate, dated August 26, 2019, issued pursuant to Sections 2.01, 2.03 and 2.04 thereof (together, the “Indenture”).
This Note is a “Security” and the Notes are “Securities” under the Indenture. 
 For purposes of this Note, unless
otherwise defined herein, capitalized terms herein are used as defined in the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C.
Sections 77aaa-77bbbb) (the “TIA”) as in effect on the date on which the Indenture was qualified under the TIA. Notwithstanding anything to the contrary herein, the Notes are subject to all such terms, and Holders of Notes are
referred to the Indenture and the TIA for a statement of them. To the extent the terms of the Indenture and this Note are inconsistent, except for terms as described under the section titled “8. Optional Redemption” (in which case this
Note shall govern), the terms of the Indenture shall govern. 

	 	4.	 Denominations; Transfer; Exchange. 

The Notes are in registered form, without coupons, in denominations of $2,000 and multiples of $1,000 thereafter. A Holder shall register the
transfer or exchange of Notes in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable
in connection therewith as permitted by the Indenture. The Issuer need not issue, authenticate, register the transfer of or exchange any Notes or portions thereof for a period of fifteen (15) days before the mailing of a notice of redemption,
nor need the Issuer register the transfer of or exchange any Note selected for redemption, in whole or in part. 
  

	 	5.	 Limitation on Liens. 

The Issuer shall not issue, incur, create, assume or guarantee any Indebtedness secured by a Lien upon any Principal Property or upon any of
the Capital Stock or Indebtedness of any of its Significant Subsidiaries (whether such Principal Property, or Capital Stock or Indebtedness is then existing or owed or is thereafter created or acquired) without in any such case effectively
providing, concurrently with the issuance, incurrence, creation, assumption or guaranty of any such secured Indebtedness, or the grant of such Lien, that the Notes (together, if the Issuer shall so determine, with any other Indebtedness of or
guarantee by the Issuer ranking equally with the Notes) shall be secured equally and ratably with (or, at the option of the Issuer, prior to) such secured Indebtedness, except: 

(i)      Liens existing on the Issue Date; 

(ii)     Liens on assets or property of a Person at the time it becomes a Subsidiary, securing
Indebtedness of such Person, provided such Indebtedness was not incurred in connection with such Person or entity becoming a Subsidiary and such Liens do not extend to any assets other than those of the person becoming a Subsidiary; 

(iii)    Liens on property or assets of a Person existing at the time such person is merged into or
consolidated with the Issuer or any of its Subsidiaries, or at the time of a sale, lease or other disposition of all or substantially all of the properties or assets of a person to the Issuer or any of its Subsidiaries, provided that such Lien was
not incurred in anticipation of the merger, consolidation, or sale, lease, other disposition or other such transaction by which such Person was merged into or consolidated with the Issuer or any of its Subsidiaries; 

(iv)    Liens existing on assets created at the time of, or within the 12 months following, the
acquisition, purchase, lease, improvement or development of such assets to secure all or a portion of the purchase price or lease for, or the costs of improvement or development of (in each case including related costs and expenses), such assets;

 (v)     Liens to secure any extension, renewal, refinancing or refunding (or successive
extensions, renewals, refinancings or refundings), in whole or in part, of any Indebtedness secured by Liens referred to in this Section 5, so long as such Lien is limited to all or part of substantially the same property which secured the Lien
extended, renewed or replaced, and the amount of Indebtedness secured is not increased (other than by the amount equal to any costs and expenses (including any premiums, fees or penalties) incurred in connection with any extension, renewal,
refinancing or refunding); 

 (vi)      Liens for taxes not yet due or that
are being contested in good faith by appropriate proceedings, provided that adequate reserves with respect thereto are maintained on our books in conformity with generally accepted accounting principles; 

(vii)     Liens imposed by law, such as carriers’, warehousemen’s, mechanics’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business that are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings; 

(viii)    Liens to secure the performance of bids, trade contracts, leases, statutory obligations, surety
and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(ix)      Liens in favor of only the Issuer or one or more of its Subsidiaries; 

(x)       Liens in favor of the Trustee securing Indebtedness owed under the Indenture to
the Trustee and granted in accordance with the Indenture; and 
 (xi)      Liens to secure
Hedging Obligations. 
 Notwithstanding the restrictions in this Section 5, the Issuer will be permitted to incur Indebtedness, secured
by Liens otherwise prohibited by this Section 5, which, together with the value of Attributable Debt outstanding pursuant to Sale and Lease-Back Transactions permitted pursuant to Section 6(iii), do not exceed 15% of Consolidated Net
Tangible Assets measured at the date of incurrence of the Lien. 
 For purposes of this Section 5, the following terms will be
applicable: 
 “Attributable Debt” with regard to a Sale and Lease-Back Transaction with respect to any Principal Property
means, at the time of determination, the present value of the total net amount of rent required to be paid under such lease during the remaining term thereof (including any period for which such lease has been extended), discounted at the rate of
interest set forth or implicit in the terms of such lease (or, if not practicable to determine such rate, the weighted average interest rate per annum borne by the Securities then outstanding under the Indenture (including the Notes) and any
securities then outstanding under the Indenture, dated as of August 4, 2008, between Roper Industries, Inc. (now known as Roper Technologies, Inc.) and the Trustee) compounded semi-annually. In the case of any lease which is terminable by the
lessee upon the payment of a penalty, such net amount shall be the lesser of (x) the net amount determined assuming termination upon the first date such lease may be terminated (in which case the net amount shall also include the amount of the
penalty, but shall not include any rent that would be required to be paid under such lease subsequent to the first date upon which it may be so terminated) or (y) the net amount determined assuming no such termination. 

 “Consolidated Net Tangible Assets” means, as of any date on which the
Issuer effects a transaction requiring such Consolidated Net Tangible Assets to be measured hereunder, the aggregate amount of assets (less applicable reserves) after deducting therefrom: (a) all current liabilities, except for current
maturities of long-term debt and obligations under capital leases; and (b) intangible assets (including goodwill), to the extent included in said aggregate amount of assets, all as set forth on the Issuer’s most recent consolidated balance
sheet and computed in accordance with generally accepted accounting principles in the United States of America applied on a consistent basis. 

“Hedging Obligations” means: 

(a)    interest rate swap agreements (whether from fixed to floating or from floating to fixed), interest
rate cap agreements and interest rate collar agreements; 
 (b)    other agreements or arrangements
designed to manage interest rates or interest rate risk; 
 (c)    other agreements or arrangements
designed to protect against fluctuations in currency exchange rates or commodity prices; and 

(d)    other agreements or arrangements designed to protect against fluctuations in equity prices. 

“Principal Property” means the land, improvements, buildings, fixtures and equipment (including any leasehold interest
therein) constituting the principal corporate office of the Issuer, any manufacturing plant, or any manufacturing, distribution or research facility (in each case, whether now owned or hereafter acquired) which is owned or leased by the Issuer,
unless the Board of Directors of the Issuer has determined in good faith that such office, plant or facility is not of material importance to the total business conducted by the Issuer and the Subsidiaries of the Issuer taken as a whole. With
respect to any Sale and Lease-Back Transaction or series of related Sale and Lease-Back Transactions, the determination of whether any property is a Principal Property shall be determined by reference to all properties affected by such transaction
or series of transactions. 
  

	 	6.	 Limitation on Sale and Leaseback Transactions. 

The Issuer shall not enter into any Sale and Lease-Back Transaction with respect to any Principal Property, other than any such Sale and
Lease-Back Transaction involving a lease for a term of not more than three years or any such Sale and Lease-Back Transaction between the Issuer and one of its Subsidiaries or between its Subsidiaries, unless: 

(i)    the Issuer or such Subsidiary, as applicable, could have incurred Indebtedness secured by a Lien on
the Principal Property involved in such Sale and Lease-Back Transaction in an amount at least equal to the Attributable Debt with respect to such Sale and Lease-Back Transaction, without equally and ratably securing the Notes, pursuant to
Section 5 hereto; or 

 (ii)    the proceeds of such Sale and Lease-Back
Transaction are at least equal to the fair market value of the affected Principal Property (as determined in good faith by the Board of Directors of the Issuer) and the Issuer applies an amount equal to the net proceeds of such Sale and Lease-Back
Transaction within 365 days of such Sale and Lease-Back Transaction to any of (or a combination of): 
  

	 	1.	 the prepayment or retirement of the Securities then outstanding under the Indenture (including the Notes);

  

	 	2.	 the prepayment or retirement (other than any mandatory retirement, mandatory prepayment or sinking fund payment
or by payment at maturity) of other Indebtedness of the Issuer or of one of its Subsidiaries (other than Indebtedness that is subordinated to the Securities then outstanding under the Indenture (including the Notes) or Indebtedness owed to the
Issuer or one of its Subsidiaries) that matures more than 12 months after its creation; or 

  

	 	3.	 the purchase, construction, development, expansion or improvement of other comparable property.

 (iii)    Notwithstanding the restrictions in subsection (i) above, the Issuer
will be permitted to enter into Sale and Lease-Back Transactions otherwise prohibited by Section 6(i) hereof, which, together with all of the Indebtedness outstanding pursuant to the second paragraph of Section 5, do not exceed 15% of
Consolidated Net Tangible Assets measured at the closing date of the Sale and Lease-Back Transaction. 
 For purposes of this
Section 6, see certain applicable definitions contained in Section 5 and the following definition for “Sale and Lease-Back Transaction”: 

“Sale and Lease-Back Transaction” means any arrangement with any Person providing for the leasing by the Issuer of any
Principal Property, whether now owned or hereafter acquired, which Principal Property has been or is to be sold or transferred by the Issuer to such Person. 
  

	 	7.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Notes and the provisions of the Indenture relating to the Notes may be amended or supplemented and any
existing default or Event of Default or compliance with certain provisions may be waived with the written consent of the Holders of at least a majority in aggregate principal amount of all series of Outstanding Securities (including the Notes) under
the Indenture that are affected by such amendment, supplement or waiver (voting together as a single class). Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Notes to, among other things,
cure any ambiguity, defect or inconsistency or comply with any requirements of the Commission in connection with the qualification of the Indenture under the TIA, or make any other change that does not adversely affect the rights of any Holder of a
Note. 

	 	8.	 Optional Redemption. 

The Issuer may redeem the Notes, in whole or in part, at its option, at any time or from time to time prior to June 15, 2029 (three
months prior to maturity date), on at least 15 days’, but not more than 60 days’, prior notice mailed to the registered address of each Holder of the Notes (any such date of redemption, a “Redemption Date”). The redemption
price will be equal to the greater of: 
 (i)    100% of the principal amount of the Notes to be
redeemed; 
 or 

(ii)    the sum of the present values of the Remaining Scheduled Payments discounted to the Redemption
Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the Treasury Rate plus 25 basis points, plus, in
each case, accrued and unpaid interest thereon to the Redemption Date. 
 At any time on or after June 15, 2029 (three months prior to
the maturity date), the Issuer may redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon to the date of redemption. 

Notice of any redemption of Notes in connection with a corporate transaction (including any equity offering, an incurrence of indebtedness or
a transaction involving a change of control of the Issuer) may, at the Issuer’s discretion, be given prior to the completion thereof and any such redemption or notice may, at the Issuer’s discretion, be subject to one or more conditions
precedent, including, but not limited to, completion of the related transaction. If such redemption or purchase is so subject to satisfaction of one or more conditions precedent, such notice shall describe each such condition and such notice may be
rescinded in the event that any or all such conditions shall not have been satisfied by the Redemption Date. In addition, the Issuer may provide in such notice that payment of the redemption price and performance of its obligations with respect to
such redemption may be performed by another person. 
 For purposes of this Section 8, the following terms will be applicable: 

“Comparable Treasury Issue” means the United States Treasury security or securities selected by an Independent Investment
Banker as having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming, for this purpose, that such Notes matured on June 15, 2029) that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of such Notes. 

 “Comparable Treasury Price” means, with respect to any Redemption Date,
(1) the average of the Reference Treasury Dealer Quotations for such Redemption Date after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (2) if the Issuer obtains fewer than four such Reference Treasury
Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker” means one of the Reference
Treasury Dealers, appointed by the Issuer. 
 “Reference Treasury Dealer” means each of (i) BofA Securities, Inc.,
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, and their respective affiliates, and their respective successors and (ii) one other nationally recognized investment banking firm that is a primary U.S. government securities dealer in
the City of New York (a “Primary Treasury Dealer”) as selected by the Issuer. If any of the foregoing or their affiliates shall cease to be a Primary Treasury Dealer, the Issuer shall substitute therefor another Primary Treasury
Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption
Date, the average, as determined by the Issuer, of the bid and ask prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 3:30
p.m., New York City time, on the third business day preceding such Redemption Date. 
 “Remaining Scheduled Payments”
means, with respect to each Note to be redeemed, the remaining scheduled payments of principal of and interest on the Note that would be due after the related Redemption Date but for the redemption (assuming, for this purpose, that such Notes
matured on June 15, 2029). If that Redemption Date is not an Interest Payment Date with respect to a Note, the amount of the next succeeding scheduled interest payment on the Note will be reduced by the amount of interest accrued on the Note to
the Redemption Date. 
 “Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the
semi-annual equivalent yield to maturity or interpolation (on a day count basis) of the interpolated Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the
Comparable Treasury Price for such Redemption Date. 
 On and after the Redemption Date, interest will cease to accrue on the Notes or any
portion of the Notes called for redemption, unless the Issuer defaults in the payment of the redemption price and accrued interest. On or before the Redemption Date, the Issuer will deposit with a paying agent or the Trustee money sufficient to pay
the redemption price of, and accrued interest on, the Notes to be redeemed on that date. 
 If the Issuer chooses to redeem less than all of
the Notes, selection of the Notes for redemption will be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed and in accordance with the procedures of the
depositary; or, if such Notes are not so listed, on a pro rata basis, by lot or by such method as the Trustee shall deem fair and appropriate. 

 No Notes of a principal amount of $2,000 or less shall be redeemed in part. Notice of
redemption will be mailed by first-class mail at least 15 but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at its registered address. If any Note is to be redeemed in part only, the notice of redemption
that relates to such Note shall state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the
original Note. On and after the Redemption Date, interest will cease to accrue on Notes or portions thereof called for redemption as long as the Issuer has deposited with the paying agent funds in satisfaction of the applicable redemption price.

  

	 	9.	 Offer to Repurchase Upon Change of Control. 

Upon the occurrence of a Change of Control Triggering Event with respect to the Notes, unless the Issuer shall have exercised its right
pursuant to Section 8 hereof to redeem the Notes, each Holder of Notes shall have the right to require the Issuer to repurchase all or, at the Holder’s option, any part (in a multiple of $1,000 provided that the remaining principal amount,
if any, following such repurchase shall be at least $2,000 or a multiple of $1,000 in excess thereof), of such Holder’s Notes (a “Change of Control Offer”) at a repurchase price in cash equal to 101% of the aggregate principal
amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes to be repurchased, to, but excluding, the repurchase date (the “Change of Control Payment”). 

Within 30 days following any Change of Control Triggering Event, the Issuer shall cause a notice to be mailed to Holders of the Notes, with a
copy to the Trustee, describing the transaction or transactions that constitute the Change of Control Triggering Event and offering to repurchase the Notes on the date specified in the notice, which date shall be no earlier than 30 days and no later
than 60 days from the date such notice is mailed (the “Change of Control Payment Date”), pursuant to the procedures required by the Indenture and described in such notice. The Issuer shall comply with the requirements of applicable
securities laws and regulations in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. 
 On
the Change of Control Payment Date, the Issuer shall, to the extent lawful: 
  

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

  

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

  

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

 The
paying agent shall promptly mail, to each Holder who properly tendered Notes, the repurchase price for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each such Holder a new Note equal
in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note will be in a principal amount of $2,000 or a multiple of $1,000 in excess thereof. 

 The Issuer shall not be required to make a Change of Control Offer upon a Change of Control
Triggering Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in the Indenture applicable to a Change of Control Offer made by the Issuer and purchases all
Notes properly tendered and not withdrawn under such Change of Control Offer. If such third party terminates or defaults its Change of Control Offer, the Issuer shall be required to make a Change of Control Offer treating the date of such
terminating or default as though it were the date of the Change of Control Triggering Event. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control Triggering Event, conditional upon
such Change of Control Triggering Event, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. 

The Issuer shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Notes as a result of a Change of Control Triggering Event. To the extent that the provision of any such securities
laws or regulations conflicts with this Section 9, the Issuer shall comply with those securities laws and regulations and shall not be deemed to have breached its obligations under this Section 9 by virtue of any such conflict. 

For purposes of this Section 9, the following terms will be applicable: 

“Change of Control” means the occurrence of any one of the following: (1) the direct or indirect sale, lease, transfer,
conveyance or other disposition (other than by way of merger, amalgamation, arrangement or consolidation), in one or a series of related transactions, of all or substantially all of the Issuer’s properties or assets and those of its
subsidiaries, taken as a whole, to one or more persons, other than to the Issuer or one of its subsidiaries; (2) the consummation of any transaction including, without limitation, any merger, amalgamation, arrangement or consolidation the
result of which is that any person becomes the beneficial owner, directly or indirectly, of more than 50% of the Issuer’s Voting Stock; (3) the Issuer consolidates with, or merge with or into, any person, or any person consolidates with,
or merges with or into, the Issuer, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Issuer or of such other person is converted into or exchanged for cash, securities or other property, other than any
such transaction where the shares of the Issuer’s Voting Stock outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving
effect to such transaction; or (4) the adoption of a plan relating to our liquidation or dissolution. For the purposes of this definition, “person” and “beneficial owner” have the meanings used in Section 13(d) of the
Exchange Act. 
 “Change of Control Triggering Event” means the Notes cease to be rated Investment Grade by both Rating
Agencies on any date during the period (the “Trigger Period”) commencing 60 days prior to the first public announcement of the Change of Control or the Issuer’s intention to effect a Change of Control and ending 60 days
following consummation of such Change of Control, which Trigger Period will be extended following consummation of a Change of Control for so long as any of the Rating Agencies has publicly announced that it is considering a possible ratings change.
Unless at least one Rating Agency is providing a rating for the Notes at the commencement of any Trigger Period, the Notes will be deemed to have ceased to be rated Investment Grade during that Trigger Period. Notwithstanding the foregoing, no
Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated. 

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

“Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors. 

“Rating Agencies” means (a) each of Moody’s and S&P; and (b) if any of the Rating Agencies ceases to
provide rating services to issuers or investors, and no Change of Control Triggering Event has occurred or is occurring, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange
Act that is selected by the Issuer (as certified by a resolution of the Board of Directors) as a replacement for Moody’s or S&P, or both of them, as the case may be, and that is reasonably acceptable to the Trustee. 

“S&P” means Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc., and its
successors. 
 “Voting Stock” of any specified person as of any date means the capital stock of such person that is at the
time entitled to vote generally in the election of the Board of Directors of such person. 
  

	 	10.	 Defaults and Remedies. 

If an Event of Default (other than certain bankruptcy Events of Default with respect to the Issuer) under the Indenture occurs with respect to
the Notes and is continuing, then the Trustee may and, at the direction of the Holders of at least 25% in principal amount of all series of Outstanding Securities (including the Notes) under the Indenture that are affected by such Event of Default
(voting together as a single class), shall by written notice, require the Issuer to repay immediately the entire principal amount of the Outstanding Notes, together with all accrued and unpaid interest and premium, if any. If a bankruptcy Event of
Default with respect to the Issuer occurs and is continuing, then the entire principal amount of the Outstanding Notes will automatically become due immediately and payable without any declaration or other act on the part of the Trustee or any
Holder. Holders of Notes may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee is not obligated to enforce the Indenture or the Notes unless it has received indemnity as it reasonably requires. The Indenture
permits, subject to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Outstanding Securities (including the Notes) affected (voting together as a single class) to direct the Trustee in its exercise of
any trust or power. The Trustee may withhold from Holders of Notes notice of certain continuing defaults or Events of Default if it determines that withholding notice is in their interest. 

	 	11.	 Authentication. 

This Note shall not be valid until the Trustee manually signs the certificate of authentication on this Note. 

 

	 	12.	 Abbreviations and Defined Terms. 

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

	 	13.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers
to be printed on the Notes as a convenience to the Holders of the Notes. No representation is made as to the accuracy of such numbers as printed on the Notes and reliance may be placed only on the other identification numbers printed hereon. 

 

	 	14.	 Governing Law. 

The laws of the State of New York shall govern the Indenture and this Note thereof. 

  

ASSIGNMENT FORM 
 To assign this Note, fill in
the form below: 
 I or we assign and transfer this Note to 

(Print or type assignee’s name, address and zip code) 

(Insert assignee’s soc. sec. or tax I.D. No.) 

and irrevocably appoint agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 

 

									
	 	 	 	 	 
	Date:	 	 	 		 	Your Signature:	 	 
					
	 	 	 	 	 	 	 	 	 

 Sign exactly as your name appears on the other side of this Note. 

 

									
				
		 		 		 	 
	Signature Guarantee:	 		 		 	 Signature

			
	 	 		 	 
	Signature must be guaranteed	 		 	 Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the United States Securities Exchange Act of 1934, as amended. 
  

 
  

 SCHEDULE OF EXCHANGES OF NOTES 

a.    The following exchanges of a part of this Global Note for Physical Notes or a part of another Global Note have been
made: 
  

									
	 Date of

Exchange
	 	 Amount of decrease

in principal amount
 of this
Global Note
	 	 Amount of increase in

principal amount of this

Global Note
	  	 Principal amount of

this Global Note
 following
such
 decrease (or increase)
	  	 Signature of

authorized signatory
 of
Trustee

		 		 		  		  	

 REPURCHASE EXERCISE NOTICE UPON A CHANGE OF CONTROL 

To: Roper Technologies, Inc. 
 The undersigned registered owner
of this Security hereby acknowledges receipt of a notice from Roper Technologies, Inc. (the “Issuer”) as to the occurrence of a Change of Control Triggering Event with respect to the Issuer and hereby directs the Issuer to pay, or
cause the Trustee to pay, ____________ an amount in cash equal to 101% of the aggregate principal amount of the Notes, or the portion thereof (which is a multiple of $1,000, provided that the remaining principal amount, if any, following such
repurchase shall be at least $2,000 or a multiple of $1,000 in excess thereof) below designated, to be repurchased plus interest accrued to, but excluding, the repurchase date, except as provided in the Indenture. 

Dated: ____________________ 
 Signature
___________________________ 
 Principal amount to be repurchased (a multiple of $1,000): ________________________ 

Remaining principal amount following such repurchase: _______________________ (zero or at least $2,000 or a multiple of $1,000 in excess thereof) 

By: _______________________________ 
 Authorized Signatory

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