Document:

EX-4.2

 Exhibit 4.2 

UNITED TECHNOLOGIES CORPORATION 

Designated Officers’ Certificate 

May 18, 2018 
 We, David R. Whitehouse,
Corporate Vice President, Treasurer of United Technologies Corporation, a Delaware corporation (the “Company”), and Akhil Johri, Executive Vice President & Chief Financial Officer of the Company, pursuant to authority
granted by resolutions (the “Resolutions”) of the Board of Directors of the Company adopted December 13, 2017, approve the Underwriting Agreement, dated May 14, 2018 (the “Underwriting Agreement”), and the
Pricing Agreement, dated May 14, 2018 (the “Pricing Agreement”), each between the Company and BNP Paribas, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Merrill Lynch
International and Morgan Stanley & Co. International plc, as Underwriters, attached hereto as Exhibits A and B, respectively; and authorize the issue and sale on or after the date hereof of the Company’s Securities pursuant to the
Amended and Restated Indenture dated as of May 1, 2001, between the Company and The Bank of New York Mellon Trust Company, N.A., successor to The Bank of New York, as Trustee (the “Indenture”), with the following terms: 

(a) The Securities hereby being authorized shall be known and designated as the 1.150% Notes due 2024 (the “2024
Notes”), the 2.150% Notes due 2030 (the “2030 Notes” and, together with the 2024 Notes, the “Fixed Rate Notes”) and the Floating Rate Notes due 2020 (the “Floating Rate Notes” and, together
with the Fixed Rate Notes, the “Notes”). The Notes shall be issued only in minimum denominations of €100,000 and in integral multiples of €1,000 in excess thereof. 

(b) The aggregate principal amount of the 2024 Notes, the 2030 Notes and the Floating Rate Notes that may be authenticated and
delivered under the Indenture shall be limited to €750,000,000, €500,000,000 and €750,000,000, respectively (except as noted in Section 301(2) of the Indenture), subject to reopening pursuant to the last sentence of the
penultimate paragraph of Section 301 of the Indenture. 
 (c) The public offering price per 2024 Note shall be 99.695%
of the principal amount of the 2024 Notes, the public offering price per 2030 Note shall be 99.467% of the principal amount of the 2030 Notes and the public offering price per Floating Rate Note shall be 100.256% of the principal amount of the
Floating Rate Notes. The proceeds to the Company (after deducting the underwriting discounts and commissions but before deducting certain expenses payable by the Company) shall be 99.320% of the aggregate principal amount of the 2024 Notes, 98.997%
of the aggregate principal amount of the 2030 Notes and 100.056% of the aggregate principal amount of the Floating Rate Notes. 

(d) The Notes shall be issued as permanent global notes without coupons (each, a “Global Note”), registered in
the name of a nominee of, and deposited with, a common depositary for the accounts of Clearstream Banking S.A. (“Clearstream”) and Euroclear Bank SA/NV (“Euroclear”). The Bank of New York Mellon, London Branch,
shall initially serve as the Common Depositary for such Global Notes. A Global Note 

 
shall be exchangeable for definitive Notes in registered form, bearing interest at the same rate, having the same date of issuance, Stated Maturity and other terms and of differing denominations
aggregating a like amount, only if (i) the depositary for any of the Global Notes (a) notifies the Company that it is unwilling or unable to continue as depositary or clearing system for such Global Note or (b) ceases to be a
“clearing agency” registered under the Securities Exchange Act of 1934, as amended, and in either event the Company is unable to find a qualified replacement within 90 days, (ii) the Company in its sole discretion determines that all
such Global Notes shall be exchangeable for definitive Notes in registered form or (iii) there has occurred and is continuing an Event of Default with respect to the Notes and the depositary notifies the Trustee of its decision to exchange such
Global Notes for definitive Notes in registered form. Such definitive Notes shall be registered in the names of the owners of the beneficial interests in such Global Note as provided by Euroclear and Clearstream’s relevant participants (as such
participants are identified by Euroclear and Clearstream). Subject to the foregoing, each Global Note shall not be exchangeable, except for a Global Note of like denomination to be registered in the name of the Common Depositary or its nominee. 

(e) The principal of the 2024 Notes shall be payable on May 18, 2024, the principal of the 2030 Notes shall be payable on
May 18, 2030 and the principal of the Floating Rate Notes shall be payable on May 18, 2020, in each case, subject to the provisions of the Indenture respecting acceleration. 

(f) Interest on the Fixed Rate Notes will be computed on the basis of the actual number of days in the period for which
interest is being calculated and the actual number of days from and including the last date on which interest was paid on the Fixed Rate Notes (or May 18, 2018 if no interest has been paid on the Fixed Rate Notes), to, but excluding, the next
Fixed Rate Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. If the date on which a payment of interest or principal on the Fixed Rate
Notes is scheduled to be paid is not a Business Day, then that interest or principal will be paid on the next succeeding Business Day, and no further interest will accrue as a result of such delay. Interest will be payable on the Fixed Rate Notes
annually in arrears on May 18 of each year, and on the relevant Maturity Date, at the rate per annum of 1.150% for the 2024 Notes and at the rate per annum of 2.150% for the 2030 Notes, commencing on May 18, 2019 (each a “Fixed
Rate Interest Payment Date”), to the Persons in whose names such Fixed Rate Notes are registered on the Record Date; provided, however, that interest payable on the relevant Maturity Date or any relevant Redemption Date will
be payable to the Persons to whom the principal of such Fixed Rate Notes is payable. 
 (g) The amount of interest for each
day that the Floating Rate Notes are outstanding (the “Daily Interest Amount”) will be calculated by dividing the floating interest rate in effect for such day by 360 and multiplying the result by the principal amount of the
Floating Rate Notes (known as the “Actual/360” day count). The amount of interest to be paid on the Floating Rate Notes for any interest period will be calculated by adding the Daily Interest Amounts for each day in such interest period.
The interest rate on the Floating Rate Notes for each day of an interest period will be a rate equal to 

 
EURIBOR (as defined in the Floating Rate Notes) as determined on the Interest Determination Date plus 0.20% per year, provided, however, that in no event shall the interest rate be
less than zero, as more fully set forth in the Notes. Interest will be payable on the Floating Rate Notes quarterly in arrears on February 18, May 18, August 18 and November 18 of each year, and on the Maturity Date, commencing
on August 18, 2018 (each a “Floating Rate Interest Payment Date”), to the Persons in whose names such Floating Rate Notes are registered on the Record Date; provided, however, that interest payable on the Maturity
Date or any Redemption Date will be payable to the Persons to whom the principal of such Floating Rate Notes is payable. If a Floating Rate Interest Payment Date (other than the Maturity Date or any earlier Redemption Date) is not a Business Day,
then such Floating Rate Interest Payment Date shall be the next succeeding Business Day, unless the next succeeding Business Day is in the next succeeding calendar month, in which case such Floating Rate Interest Payment Date shall be the
immediately preceding Business Day. If the Maturity Date or any earlier Redemption Date of the Floating Rate Notes falls on a day that is not a Business Day, the payment of principal and interest, if any, otherwise payable on such date will be
postponed to the next succeeding Business Day, and no interest on such payment will accrue from and after the Maturity Date or earlier Redemption Date, as applicable. 

(h) The Fixed Rate Notes shall be redeemable, in whole or in part, at the option of the Company prior to maturity, and any
series of the Notes shall be redeemable in whole, but not in part, at the option of the Company at any time in the event of certain developments affecting U.S. taxation, in each case, as provided in the Notes. 

(i) The Notes are not subject to any mandatory redemption provision. 

(j) The Notes shall not be subject to any sinking fund or analogous provision and shall not be repayable at the option of a
Holder thereof prior to maturity. 
 (k) The provisions of Section 1402 and Section 1403 of the Indenture relating
to defeasance and covenant defeasance, respectively, shall apply to the Notes. Pursuant to Section 1404(5) and Section 1404(6) of the Indenture, any such defeasance or covenant defeasance shall be conditioned on receipt of an Opinion of
Counsel relating to the federal income tax consequences of such defeasance or covenant defeasance. 
 (l) The Bank of New
York Mellon Trust Company, N.A. will serve as the Trustee and Security Registrar. 
 (m) The Paying Agent for the Notes, and
the Calculation Agent for the Floating Rate Notes, will be The Bank of New York Mellon, London Branch. Notwithstanding the foregoing, upon notice to the Trustee, the Company may change the Paying Agent, the Security Registrar and/or the Calculation
Agent. 
 (n) The Company will be obligated to pay additional amounts on the Notes as set forth in the Notes (such amounts,
the “Additional Amounts”). 
 (o) Payment of the principal of and premium, if any, and interest on the Notes
will be made at the office or agency of the Company maintained for that purpose in the 

 
City of London, England, which shall be initially the corporate trust office of The Bank of New York Mellon, London Branch, located at One Canada Square, London, England E14 5AL; provided,
however, that at the option of the Company payment of principal or interest may be made by wire transfer to an account designated by the Person entitled thereto or by check mailed to the address of the Person entitled thereto as such address
shall appear in the Security Register, in either case in same-day funds. 
 (p)
Payments of principal, interest and Additional Amounts, if any, in respect of the Notes will be payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s
control (including the dissolution of the euro) or if the euro is no longer being used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions
of or within the international banking community, then all payments in respect of the applicable Notes will be made in U.S. dollars until the euro is again available to the Company or so used. The amount payable on any date in euro will be converted
into U.S. dollars at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion,
on the basis of the then most recent U.S. dollar/euro exchange rate available on or prior to the second Business Day prior to the relevant payment date as determined by the Company in the Company’s sole discretion. Any payment in respect of the
Notes so made in U.S. dollars will not constitute an Event of Default under the Notes or the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

(q) Solely with respect to the Notes: 

“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions are
authorized or obligated by law or executive order to be closed in New York City or London and which is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer system (the “TARGET2 system”), or any
successor thereto, operates. 
 “Interest Determination Date” means, for the initial interest period, May 16, 2018 and
for any other interest period, the second TARGET2 system day preceding the relevant Interest Reset Date (as defined in the Floating Rate Notes). 

“Record Date” means the close of business on the date that is fifteen calendar days prior to the date on which interest is
scheduled to be paid, regardless of whether such date is a Business Day; provided that if any of the notes are held by a securities depositary in book-entry form, the Record Date for such Notes will be the close of business on the Business
Day (for this purpose a day on which Clearstream and Euroclear are open for business) immediately preceding the date on which interest is scheduled to be paid. 

 “TARGET2 system day” is any day on which the TARGET2 system, or any successor
thereto, operates. 
 (r) A form of each of the 2024 Notes, the 2030 Notes and the Floating Rate Notes is attached hereto as
Exhibits C-1, C-2 and C-3, respectively, and are hereby approved. 

Capitalized terms used herein and not otherwise defined shall have the meanings assigned to them in the Indenture. 

 IN WITNESS WHEREOF, we have signed our names to this Designated Officers’ Certificate as of
the first date written above. 
  

			
	 /s/ David R. Whitehouse

	Name:	 	David R. Whitehouse
	Title:	 	Corporate Vice President, Treasurer
	
	 /s/ Akhil Johri

	Name:	 	Akhil Johri
	Title:	 	Executive Vice President & Chief Financial Officer
		 	

 [Signature Page to Designated Officers’ Certificate] 

 Exhibit A 

[Exhibit Omitted] 

 Exhibit B 

[Exhibit Omitted] 

 Exhibit C-1 

Form of 2024 Note 
 UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING S.A., LUXEMBOURG (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR,
“EUROCLEAR/CLEARSTREAM”), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 

THIS SECURITY IS A SECURITY IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A COMMON DEPOSITARY OR
A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH COMMON DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  

					
	No. 1	  	€	750,000,000	 

  

UNITED TECHNOLOGIES CORPORATION 

1.150% NOTE DUE 2024 
 CUSIP NO.
913017CU1 
 Common Code NO. 182230120 

ISIN NO. XS1822301203 
 UNITED
TECHNOLOGIES CORPORATION, a Delaware corporation (herein called the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New
York Depository (Nominees) Limited, the registered Holder hereof, as nominee of The Bank of New York Mellon, London Branch, as common depositary for Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking S.A.
(“Clearstream”), the principal sum of SEVEN HUNDRED AND FIFTY MILLION EUROS (€750,000,000), or such other principal sum as shall be specified in the Schedule of Increases or Decreases in Global Security attached hereto, on
May 18, 2024 (the “Maturity Date”), and to pay interest thereon from May 18, 2018 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, annually in arrears on May 18 of
each year and on the Maturity Date, commencing on May 18, 2019 (each an “Interest Payment Date”), at the rate of 1.150% per annum, until the principal hereof is paid or made available for payment. Interest on this Security will
be computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days 

 
from and including the last date on which interest was paid on this Security (or May 18, 2018 if no interest has been paid on this Security), to, but excluding, the next scheduled Interest
Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered on the Regular Record Date; provided, however, that interest payable on the Maturity Date or any
Redemption Date will be payable to the Person to whom the principal of this Security is payable. If the date on which a payment of interest or principal is scheduled to be paid is not a Business Day, then that interest or principal will be paid on
the next succeeding Business Day, and no further interest will accrue as a result of such delay. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof
shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which such
Securities may be listed, all as more fully provided in said Indenture. This Security is a Security for purposes of the Indenture. 
 For
purposes of this Security: 
 “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day
on which banking institutions are authorized or obligated by law or executive order to be closed in New York City or London and which is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer system (the
“TARGET2 system”), or any successor thereto, operates. 
 “Regular Record Date” means the close of
business on the date that is fifteen calendar days prior to the date on which interest is scheduled to be paid, regardless of whether such date is a Business Day; provided that if this Security is held by a securities depositary in book-entry
form, the Regular Record Date for this Security will be the close of business on the Business Day (for this purpose a day on which Clearstream and Euroclear are open for business) immediately preceding the date on which interest is scheduled to be
paid. 
 Payment of the principal of and premium, if any, and interest on this Security will be made at the office or agency of the Company
maintained for that purpose in the City of London, England, which shall be initially the corporate trust office of The Bank of New York Mellon, London Branch, located at One Canada Square, London, England E14 5AL; provided, however,
that at the option of the Company payment of principal or interest may be made by wire transfer to an account designated by the Person entitled thereto or by check mailed to the address of the Person entitled thereto as such address shall appear in
the Security Register, in either case in same-day funds. 
 All payments on this Security will be
payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control (including the dissolution of the euro) or if the euro is no longer being used

 
by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international
banking community, then all payments in respect of this Security will be made in U.S. dollars until the euro is again available to the Company or so used. The amount payable on any date in euro will be converted into U.S. dollars at the rate
mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the then most
recent U.S. dollar/euro exchange rate available on or prior to the second Business Day prior to the relevant payment date as determined by the Company in the Company’s sole discretion. Any payment in respect of this Security so made in U.S.
dollars will not constitute an Event of Default with respect to the Securities of this series or under the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the
foregoing. 
 “euro” and “€” mean the lawful currency of the member states of the European Monetary
Union that have adopted or that adopt the single currency in accordance with the treaty establishing the European Community, as amended by the Treaty on European Union. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

This Security shall be governed by and construed in accordance with the law of the State of New York. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 

Dated:                      
             
 [SEAL] 

 

			
	UNITED TECHNOLOGIES CORPORATION
		
	By:	 	  

		 	 Name: David R. Whitehouse
 Title: Corporate
Vice President, Treasurer

 Attested: 
  

			
	By:	 	  

	Name:	 	Ariel David
	Title:	 	Vice President, Associate General Counsel & Assistant Secretary

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within mentioned Indenture. 

 

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

		
	By:	 	  

		 	Authorized Signatory

Dated:                         
                          

 [REVERSE OF SECURITY] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under an Amended and Restated Indenture, dated as of May 1, 2001, as it may be supplemented from time to time (herein called the “Indenture”), between the Company and The Bank of New York Mellon
Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as Trustee (successor to The Bank of New York) (herein called the “Trustee”, which term includes any successor trustee under the Indenture with respect to the
series of which this Security is a part), to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof. The Indenture does not limit the aggregate principal amount of the Securities or the Securities
of this series that may be issued thereunder. Additional Securities of this series may be issued from time to time hereafter; provided that any such additional Securities that are not fungible with this Security for U.S. federal income tax purposes
will have a separate CUSIP, ISIN and other identifying number than this Security. 
 The Company may, at its option, redeem all or any part
of this Security. If it chooses to do so, it shall mail or electronically deliver, according to the procedures of the applicable depositary, notice of redemption to the Holder hereof (with a copy to the Trustee and the Paying Agent) not less than 15
days and not more than 60 days before the Redemption Date. If this Security is redeemed prior to February 18, 2024, the Redemption Price shall equal the greater of: 

(i) 100% of the principal amount of the Securities of this series to be 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
an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate, plus 20 basis points. 
 In each case, the Redemption Price shall
also include interest accrued to, but excluding, the Redemption Date on the principal balance of the Securities of this series to be redeemed. 

In addition, at any time on or after February 18, 2024, the Company may redeem some or all of the Securities of this series at its
option, at a Redemption Price equal to 100% of the principal amount of the Securities of this series to be redeemed, plus, in every such case, interest accrued to, but excluding, the Redemption Date on the principal balance of the Securities of this
series to be redeemed. 
 In any case, the principal amount of this Security remaining outstanding after a redemption in part shall be
€100,000 or an integral multiple of €1,000 in excess thereof. 

  
 4 

 For purposes of the optional redemption provisions of this Security, the following terms will be
applicable: 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the
discretion of an independent investment bank selected by the Company, a German federal government bond whose maturity is closest to the maturity of the Securities of this series to be redeemed, or if such independent investment bank in its
discretion determines that such similar bond is not in issue, such other German federal government bond as such independent investment bank may, with the advice of three brokers of, and/or market makers in, German federal government bonds selected
by the Company, determine to be appropriate for determining the Comparable Government Bond Rate. 
 “Comparable Government Bond
Rate” means, with respect to any Redemption Date, the price, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Securities of this series to be
redeemed, if they were to be purchased at such price on the third Business Day prior to the Redemption Date, would be equal to the gross redemption yield on such Business Day of the Comparable Government Bond (as defined above) on the basis of the
middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by an independent investment bank selected by the Company. 

“Remaining Scheduled Payments” means, with respect to each Security of this series being redeemed, the remaining scheduled
payments of principal and interest on that Security that would be due after the related Redemption Date but for the redemption. If, however, the Redemption Date is not an Interest Payment Date with respect to that Security, the amount of the next
succeeding scheduled interest payment on that Security that would have been due will be deemed reduced by the amount of interest accrued on the Security to the Redemption Date. 

On and after any Redemption Date, interest shall cease to accrue with respect to the Securities of this series, or any portion of the
Securities of this series, called for redemption and for which the Redemption Price has been paid or made available for payment. Prior to any Redemption Date, the Company shall deposit with the Paying Agent money sufficient to pay the Redemption
Price on the Securities of this series to be redeemed on such Redemption Date. If less than all of the Securities of this series are redeemed, the Trustee shall choose the Securities of this series to be redeemed by any method that it deems fair and
appropriate, provided that if the Securities of this series are represented by one or more global Securities, beneficial interests in the Securities of this series will be selected for redemption by Euroclear and Clearstream in accordance with their
respective standard procedures therefor. 
 Notwithstanding Section 1104 of the Indenture, the notice of any redemption referred to
herein need not set forth the Redemption Price therefor but only the manner of calculation thereof. Promptly after the calculation of such Redemption Price, the Company shall give the Trustee notice thereof and the Trustee shall not be responsible
for such calculation. 
 All payments of principal, premium, if any, and interest in respect of the Securities of this series by the Company
or a Paying Agent on the Company’s behalf will be made free and clear of, and without deduction or withholding for or on account of, any present or future taxes, duties, assessments or other similar governmental charges imposed or levied by the
United States or any political subdivision or taxing authority of or in the United States 

  
 5 

 
(collectively, “Taxes”), unless such withholding or deduction is required by law. In the event such withholding or deduction for Taxes is required by law, subject to the
limitations described below, the Company will pay to any Non-U.S. Holder (as defined below) or any foreign partnership such Additional Amounts as may be necessary to ensure that the net amount received by such
Person, after withholding or deduction for such Taxes, will be equal to the amount such Person would have received in the absence of such withholding or deduction. However, no Additional Amounts shall be payable with respect to any Taxes if such
Taxes are imposed, withheld, deducted or levied for reasons unrelated to the Holder’s or beneficial owner’s ownership or disposition of Securities of this series, nor shall Additional Amounts be payable for or on account of: 

(1) any Taxes which would not have been so imposed, withheld, deducted or levied but for: 

(i) the existence of any present or former connection between the Holder or beneficial owner (or between a fiduciary, settlor, beneficiary,
member or shareholder or other equity owner of, or a Person having a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or other entity)
and the United States, including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor, beneficiary, member, shareholder or other equity owner or Person having such a power) being or having been a citizen or resident or
treated as a resident of the United States, being or having been engaged in a trade or business in the United States, being or having been present in the United States, or having or having had a permanent establishment in the United States; 

(ii) the failure of the Holder or beneficial owner to comply with any applicable certification, information, documentation or other reporting
requirement, if compliance is required under the tax laws and regulations of the United States or any political subdivision or taxing authority of or in the United States to establish entitlement to a partial or complete exemption from such Taxes
(including, but not limited to, the requirement to provide Internal Revenue Service Form W-8BEN, Form W-8BEN-E, Form W-8ECI, Form W-8IMY (and related documentation) or any subsequent versions thereof or successor thereto); or 

(iii) the Holder’s or beneficial owner’s present or former status as a personal holding company or a foreign personal holding company
with respect to the United States, as a controlled foreign corporation with respect to the United States, as a passive foreign investment company with respect to the United States, as a foreign tax-exempt
organization with respect to the United States or as a corporation that accumulates earnings to avoid United States federal income tax; 

(2) any Taxes which would not have been imposed, withheld, deducted or levied but for the failure of the Holder or beneficial owner to meet the
requirements (including the certification requirements) of Section 871(h) or Section 881(c) of the Internal Revenue Code of 1986, as amended (the “Code”); 

  
 6 

 (3) any Taxes which would not have been imposed, withheld, deducted or levied but for the
presentation by the Holder or beneficial owner of such Security for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment of the Security is duly provided for and notice is given
to Holders, whichever occurs later, except to the extent that the Holder or beneficial owner would have been entitled to such Additional Amounts on presenting such Security on any date during such 30-day
period; 
 (4) any estate, inheritance, gift, sales, excise, transfer, personal property, wealth or similar Taxes; 

(5) any Taxes which are payable otherwise than by withholding or deduction from a payment on such Security; 

(6) any Taxes which are imposed, withheld, deducted or levied with respect to, or payable by, a Holder that is not the beneficial owner of the
Security, or a portion of the Security, or that is a fiduciary, partnership, limited liability company or other similar entity, but only to the extent that a beneficial owner, a beneficiary or settlor with respect to such fiduciary or member of such
partnership, limited liability company or similar entity would not have been entitled to the payment of an Additional Amount had such beneficial owner, settlor, beneficiary or member received directly its beneficial or distributive share of the
payment; 
 (7) any Taxes required to be withheld or deducted by any Paying Agent from any payment on any Security of this series, if such
payment can be made without such withholding or deduction by at least one other Paying Agent; 
 (8) any Taxes imposed, withheld, deducted or
levied under Sections 1471 through 1474 of the Code (or any amended or successor provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code or any
fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; 

(9) any Taxes that would not have been imposed, withheld, deducted or levied but for a change in any law, treaty, regulation, or administrative
or judicial interpretation that becomes effective after the applicable payment becomes due or is duly provided for, whichever occurs later; or 

(10) any combination of items (1), (2), (3), (4), (5), (6), (7), (8), and (9). 

Any Additional Amounts paid on the Securities of this series will be paid in euro. For purposes of this paragraph and the immediately
preceding paragraph, the acquisition, ownership, enforcement, or holding of or the receipt of any payment with respect to a Security of 

  
 7 

 
this series alone will not constitute a connection (A) between the Holder or beneficial owner and the United States or (B) between a fiduciary, settlor, beneficiary, member or
shareholder or other equity owner of, or a Person having a power over, such Holder or beneficial owner if such Holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or other entity and the United
States. Except as specifically provided under this paragraph and the immediately preceding paragraph, the Company will not be required to make any payment with respect to any tax, duty, assessment or other governmental charge imposed by any
government or any political subdivision or taxing authority. If the Company is required to pay Additional Amounts with respect to the Securities of this series, the Company will, in accordance with the Indenture, notify the Trustee and Paying Agent
pursuant to an Officers’ Certificate that specifies the Additional Amounts payable and when the Additional Amounts are payable. If the Trustee and the Paying Agent do not receive such an Officers’ Certificate from the Company, the Trustee
and Paying Agent may rely on the absence of such an Officers’ Certificate in assuming that no such Additional Amounts are payable. 
 For purposes of
this Security, (i) “Non-U.S. Holder” means a beneficial owner of a Security that is neither a U.S. Holder (as defined below) nor a partnership for U.S. federal income tax purposes, and (ii)
“U.S. Holder” means a beneficial owner of a Security that is, for U.S. federal income tax purposes: (A) an individual who is a citizen or resident of the United States; (B) a corporation (or any other entity treated as a
corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state within the United States, or the District of Columbia; (C) an estate, the income of which is subject to U.S. federal
income tax regardless of its source; or (D) a trust (1) if a court within the United States is able to exercise primary supervision over the trust’s administration and one or more U.S. persons have the authority to control all
substantial decisions of the trust or (2) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person for U.S. federal income tax purposes. 

The Company may redeem the Securities of this series at its option, in whole but not in part, at a Redemption Price equal to 100% of the principal amount of
the Securities of this series to be redeemed, together with any accrued and unpaid interest on the Securities of this series to be redeemed to, but excluding, the Redemption Date, at any time, if: (1) the Company has or will become obliged to
pay Additional Amounts with respect to such Securities as a result of any change in, or amendment to, the laws, regulations, treaties, or rulings of the United States or any political subdivision of or in the United States or any taxing authority
thereof or therein affecting taxation, or any change in, or amendment to, the application, official interpretation, administration or enforcement of such laws, regulations, treaties or rulings (including a holding by a court of competent
jurisdiction in the United States), which change or amendment is enacted, adopted, announced or becomes effective on or after May 14, 2018; or (2) on or after May 14, 2018, any action is taken by a taxing authority of, or any action has been
brought in a court of competent jurisdiction in, the United States or any political subdivision of or in the United States or any taxing authority thereof or therein, including any of those actions specified in clause (1) above, whether or not
such action was taken or brought with respect to the Company, or there is any change, amendment, clarification, application or interpretation of such laws, regulations, treaties or rulings, which in any such case, will result in a material
probability that the Company will be required to pay Additional Amounts with respect to such Securities (it 

  
 8 

 
being understood that such material probability will be deemed to result if the written opinion of independent tax counsel described in clause (B) of the second succeeding sentence below to
such effect is delivered to the Trustee and the Paying Agent). Notice of any such redemption will be mailed, or delivered electronically if held by or on behalf of any depositary in accordance with such depositary’s customary procedures, at
least 15 days but not more than 60 days before the Redemption Date to each registered Holder of the Securities of this series to be redeemed; provided, however, that the notice of redemption shall not be given earlier than 90 days
before the earliest date on which the Company would be obligated to pay such Additional Amounts if a payment in respect of the Securities of this series was then due. Prior to the mailing or delivery of any notice of redemption pursuant to this
paragraph, the Company will deliver to the Trustee and the Paying Agent: (A) a certificate signed by one of the Company’s officers stating that the Company is entitled to effect such redemption and setting forth a statement of facts
showing that the conditions precedent to the Company’s right to so redeem have occurred, and (B) a written opinion of independent tax counsel of nationally recognized standing to the effect that the Company has or will become obligated to
pay such Additional Amounts as a result of a change or amendment described in clause (1) above or that there is a material probability that the Company will be required to pay Additional Amounts as a result of an action, change, amendment,
clarification, application or interpretation described in clause (2) above, as the case may be. Such notice of redemption, once delivered by the Company will be irrevocable. 

This Security is not repayable at the option of the Holder hereof and is not subject to the operation of any sinking fund. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The provisions of Section 1402 and
Section 1403 of the Indenture relating to defeasance and covenant defeasance, respectively, shall apply to this Security. Pursuant to Section 1404(5) and Section 1404(6) of the Indenture, any such defeasance or covenant defeasance
shall be conditioned on receipt of an Opinion of Counsel relating to the federal income tax consequences of such defeasance or covenant defeasance. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of all
Securities at the time Outstanding to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all Outstanding
Securities, to waive compliance by the Company with certain provisions of the Indenture, and contains provisions permitting the Holders of specified percentages in principal amount, in certain instances of the Outstanding Securities of individual
series and in other instances of all Securities at the time Outstanding, to waive on behalf of all of the Holders of Securities of such individual series or of the Holders of all Securities at the time Outstanding, as the case may be, certain past
defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of 

  
 9 

 
this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this
Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to
institute any proceeding, judicial or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a
continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount, in certain instances of the Securities of this series at the time Outstanding and in other instances of all Outstanding
Securities, shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance
with such request, and the Trustee shall not have received from the Holders of not less than a majority in principal amount of Securities of this series at the time Outstanding or of all Outstanding Securities, as the case may be, a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof (and premium, if any) or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay or make provision as provided in Article Fourteen of the Indenture for the payment of the amount of principal of (and premium, if any) and interest on this Security herein provided, and at the
times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations
therein and herein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of (and
premium, if any) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in minimum denominations of €100,000 and any integral
multiple of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a
different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

  
 10 

 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security that are defined in the Indenture shall have the meanings assigned
to them in the Indenture. 

  
 11 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY  

The following increases or decreases in this Security have been made: 
  

									
	 Date of exchange
	  	Amount of decrease in
principal amount of
this Security	  	Amount of increase in
principal amount of this
Security	  	Principal amount of this
Security following
such decrease or increase	  	Signature of authorized
signatory of Trustee or
Security Custodian

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

PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF
ASSIGNEE 

                    
                                         
                    
  

 
  

 
 (Please print or type
name and address, including postal zip code of assignee) 
  
  

the within permanent global Security and all rights thereunder, irrevocably constituting and appointing 

                          
                                         
                                         
                                         
                                attorney to transfer said permanent global Security on
the books of the Company, with full power of substitution in the premises. 

Dated:                         
                                         
   
 NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within permanent global
Security in every particular, without alteration or enlargement or any change whatever, and must be guaranteed by a commercial bank or trust company having its principal office or correspondent in The City of New York or by a member of the New York
Stock Exchange. 

 Exhibit C-2 

Form of 2030 Note 
 UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING S.A., LUXEMBOURG (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR,
“EUROCLEAR/CLEARSTREAM”), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 

THIS SECURITY IS A SECURITY IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A COMMON DEPOSITARY OR
A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH COMMON DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  

					
	 No. 1
	  	€	500,000,000	 

 UNITED TECHNOLOGIES CORPORATION 

2.150% NOTE DUE 2030 
 CUSIP NO.
913017CV9 
 Common Code NO. 182230219 

ISIN NO. XS1822302193 
 UNITED
TECHNOLOGIES CORPORATION, a Delaware corporation (herein called the “Company”, which term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New
York Depository (Nominees) Limited, the registered Holder hereof, as nominee of The Bank of New York Mellon, London Branch, as common depositary for Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking S.A.
(“Clearstream”), the principal sum of FIVE HUNDRED MILLION EUROS (€500,000,000), or such other principal sum as shall be specified in the Schedule of Increases or Decreases in Global Security attached hereto, on May 18,
2030 (the “Maturity Date”), and to pay interest thereon from May 18, 2018 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, annually in arrears on May 18 of each year and
on the Maturity Date, commencing on May 18, 2019 (each an “Interest Payment Date”), at the rate of 2.150% per annum, until the principal hereof is paid or made available for payment. Interest on this Security will be computed
on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days 

 
from and including the last date on which interest was paid on this Security (or May 18, 2018 if no interest has been paid on this Security), to, but excluding, the next scheduled Interest
Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date
will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered on the Regular Record Date; provided, however, that interest payable on the Maturity Date or any
Redemption Date will be payable to the Person to whom the principal of this Security is payable. If the date on which a payment of interest or principal is scheduled to be paid is not a Business Day, then that interest or principal will be paid on
the next succeeding Business Day, and no further interest will accrue as a result of such delay. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof
shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which such
Securities may be listed, all as more fully provided in said Indenture. This Security is a Security for purposes of the Indenture. 
 For
purposes of this Security: 
 “Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day
on which banking institutions are authorized or obligated by law or executive order to be closed in New York City or London and which is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer system (the
“TARGET2 system”), or any successor thereto, operates. 
 “Regular Record Date” means the close of
business on the date that is fifteen calendar days prior to the date on which interest is scheduled to be paid, regardless of whether such date is a Business Day; provided that if this Security is held by a securities depositary in book-entry
form, the Regular Record Date for this Security will be the close of business on the Business Day (for this purpose a day on which Clearstream and Euroclear are open for business) immediately preceding the date on which interest is scheduled to be
paid. 
 Payment of the principal of and premium, if any, and interest on this Security will be made at the office or agency of the Company
maintained for that purpose in the City of London, England, which shall be initially the corporate trust office of The Bank of New York Mellon, London Branch, located at One Canada Square, London, England E14 5AL; provided, however,
that at the option of the Company payment of principal or interest may be made by wire transfer to an account designated by the Person entitled thereto or by check mailed to the address of the Person entitled thereto as such address shall appear in
the Security Register, in either case in same-day funds. 
 All payments on this Security will be
payable in euro. If the euro is unavailable to the Company due to the imposition of exchange controls or other circumstances beyond the Company’s control (including the dissolution of the euro) or if the euro is no longer being used

 
by the then member states of the European Monetary Union that have adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international
banking community, then all payments in respect of this Security will be made in U.S. dollars until the euro is again available to the Company or so used. The amount payable on any date in euro will be converted into U.S. dollars at the rate
mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the then most
recent U.S. dollar/euro exchange rate available on or prior to the second Business Day prior to the relevant payment date as determined by the Company in the Company’s sole discretion. Any payment in respect of this Security so made in U.S.
dollars will not constitute an Event of Default with respect to the Securities of this series or under the Indenture. Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the
foregoing. 
 “euro” and “€” mean the lawful currency of the member states of the European Monetary
Union that have adopted or that adopt the single currency in accordance with the treaty establishing the European Community, as amended by the Treaty on European Union. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

This Security shall be governed by and construed in accordance with the law of the State of New York. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 

Dated:                      
             
 [SEAL] 

 

			
	UNITED TECHNOLOGIES CORPORATION
		
	By:	 	  

		 	 Name: David R. Whitehouse
 Title:
  Corporate Vice President, Treasurer

 Attested: 
  

			
	By:	 	  

	Name:	 	Ariel David
	Title:	 	Vice President, Associate General Counsel & Assistant Secretary

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within mentioned Indenture. 

 

			
	 THE BANK OF NEW YORK MELLON TRUST

COMPANY, N.A., as Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

Dated:                         
                          

 [REVERSE OF SECURITY] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under an Amended and Restated Indenture, dated as of May 1, 2001, as it may be supplemented from time to time (herein called the “Indenture”), between the Company and The Bank of New York Mellon
Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as Trustee (successor to The Bank of New York) (herein called the “Trustee”, which term includes any successor trustee under the Indenture with respect to the
series of which this Security is a part), to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof. The Indenture does not limit the aggregate principal amount of the Securities or the Securities
of this series that may be issued thereunder. Additional Securities of this series may be issued from time to time hereafter; provided that any such additional Securities that are not fungible with this Security for U.S. federal income tax purposes
will have a separate CUSIP, ISIN and other identifying number than this Security. 
 The Company may, at its option, redeem all or any part
of this Security. If it chooses to do so, it shall mail or electronically deliver, according to the procedures of the applicable depositary, notice of redemption to the Holder hereof (with a copy to the Trustee and the Paying Agent) not less than 15
days and not more than 60 days before the Redemption Date. If this Security is redeemed prior to February 18, 2030, the Redemption Price shall equal the greater of: 

(i) 100% of the principal amount of the Securities of this series to be 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
an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate, plus 25 basis points. 
 In each case, the Redemption Price shall
also include interest accrued to, but excluding, the Redemption Date on the principal balance of the Securities of this series to be redeemed. 

In addition, at any time on or after February 18, 2030, the Company may redeem some or all of the Securities of this series at its
option, at a Redemption Price equal to 100% of the principal amount of the Securities of this series to be redeemed, plus, in every such case, interest accrued to, but excluding, the Redemption Date on the principal balance of the Securities of this
series to be redeemed. 
 In any case, the principal amount of this Security remaining outstanding after a redemption in part shall be
€100,000 or an integral multiple of €1,000 in excess thereof. 

 For purposes of the optional redemption provisions of this Security, the following terms will be
applicable: 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate calculation, at the
discretion of an independent investment bank selected by the Company, a German federal government bond whose maturity is closest to the maturity of the Securities of this series to be redeemed, or if such independent investment bank in its
discretion determines that such similar bond is not in issue, such other German federal government bond as such independent investment bank may, with the advice of three brokers of, and/or market makers in, German federal government bonds selected
by the Company, determine to be appropriate for determining the Comparable Government Bond Rate. 
 “Comparable Government Bond
Rate” means, with respect to any Redemption Date, the price, expressed as a percentage (rounded to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption yield on the Securities of this series to be
redeemed, if they were to be purchased at such price on the third Business Day prior to the Redemption Date, would be equal to the gross redemption yield on such Business Day of the Comparable Government Bond (as defined above) on the basis of the
middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by an independent investment bank selected by the Company. 

“Remaining Scheduled Payments” means, with respect to each Security of this series being redeemed, the remaining scheduled
payments of principal and interest on that Security that would be due after the related Redemption Date but for the redemption. If, however, the Redemption Date is not an Interest Payment Date with respect to that Security, the amount of the next
succeeding scheduled interest payment on that Security that would have been due will be deemed reduced by the amount of interest accrued on the Security to the Redemption Date. 

On and after any Redemption Date, interest shall cease to accrue with respect to the Securities of this series, or any portion of the
Securities of this series, called for redemption and for which the Redemption Price has been paid or made available for payment. Prior to any Redemption Date, the Company shall deposit with the Paying Agent money sufficient to pay the Redemption
Price on the Securities of this series to be redeemed on such Redemption Date. If less than all of the Securities of this series are redeemed, the Trustee shall choose the Securities of this series to be redeemed by any method that it deems fair and
appropriate, provided that if the Securities of this series are represented by one or more global Securities, beneficial interests in the Securities of this series will be selected for redemption by Euroclear and Clearstream in accordance with their
respective standard procedures therefor. 
 Notwithstanding Section 1104 of the Indenture, the notice of any redemption referred to
herein need not set forth the Redemption Price therefor but only the manner of calculation thereof. Promptly after the calculation of such Redemption Price, the Company shall give the Trustee notice thereof and the Trustee shall not be responsible
for such calculation. 
 All payments of principal, premium, if any, and interest in respect of the Securities of this series by the Company
or a Paying Agent on the Company’s behalf will be made free and clear of, and without deduction or withholding for or on account of, any present or future taxes, duties, assessments or other similar governmental charges imposed or levied by the
United States or any political subdivision or taxing authority of or in the United States 

 
(collectively, “Taxes”), unless such withholding or deduction is required by law. In the event such withholding or deduction for Taxes is required by law, subject to the
limitations described below, the Company will pay to any Non-U.S. Holder (as defined below) or any foreign partnership such Additional Amounts as may be necessary to ensure that the net amount received by such
Person, after withholding or deduction for such Taxes, will be equal to the amount such Person would have received in the absence of such withholding or deduction. However, no Additional Amounts shall be payable with respect to any Taxes if such
Taxes are imposed, withheld, deducted or levied for reasons unrelated to the Holder’s or beneficial owner’s ownership or disposition of Securities of this series, nor shall Additional Amounts be payable for or on account of: 

(1) any Taxes which would not have been so imposed, withheld, deducted or levied but for: 

(i) the existence of any present or former connection between the Holder or beneficial owner (or between a fiduciary, settlor, beneficiary,
member or shareholder or other equity owner of, or a Person having a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or other entity)
and the United States, including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor, beneficiary, member, shareholder or other equity owner or Person having such a power) being or having been a citizen or resident or
treated as a resident of the United States, being or having been engaged in a trade or business in the United States, being or having been present in the United States, or having or having had a permanent establishment in the United States; 

(ii) the failure of the Holder or beneficial owner to comply with any applicable certification, information, documentation or other reporting
requirement, if compliance is required under the tax laws and regulations of the United States or any political subdivision or taxing authority of or in the United States to establish entitlement to a partial or complete exemption from such Taxes
(including, but not limited to, the requirement to provide Internal Revenue Service Form W-8BEN, Form W-8BEN-E, Form W-8ECI, Form W-8IMY (and related documentation) or any subsequent versions thereof or successor thereto); or 

(iii) the Holder’s or beneficial owner’s present or former status as a personal holding company or a foreign personal holding company
with respect to the United States, as a controlled foreign corporation with respect to the United States, as a passive foreign investment company with respect to the United States, as a foreign tax-exempt
organization with respect to the United States or as a corporation that accumulates earnings to avoid United States federal income tax; 

(2) any Taxes which would not have been imposed, withheld, deducted or levied but for the failure of the Holder or beneficial owner to meet the
requirements (including the certification requirements) of Section 871(h) or Section 881(c) of the Internal Revenue Code of 1986, as amended (the “Code”); 

 (3) any Taxes which would not have been imposed, withheld, deducted or levied but for the
presentation by the Holder or beneficial owner of such Security for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment of the Security is duly provided for and notice is given
to Holders, whichever occurs later, except to the extent that the Holder or beneficial owner would have been entitled to such Additional Amounts on presenting such Security on any date during such 30-day
period; 
 (4) any estate, inheritance, gift, sales, excise, transfer, personal property, wealth or similar Taxes; 

(5) any Taxes which are payable otherwise than by withholding or deduction from a payment on such Security; 

(6) any Taxes which are imposed, withheld, deducted or levied with respect to, or payable by, a Holder that is not the beneficial owner of the
Security, or a portion of the Security, or that is a fiduciary, partnership, limited liability company or other similar entity, but only to the extent that a beneficial owner, a beneficiary or settlor with respect to such fiduciary or member of such
partnership, limited liability company or similar entity would not have been entitled to the payment of an Additional Amount had such beneficial owner, settlor, beneficiary or member received directly its beneficial or distributive share of the
payment; 
 (7) any Taxes required to be withheld or deducted by any Paying Agent from any payment on any Security of this series, if such
payment can be made without such withholding or deduction by at least one other Paying Agent; 
 (8) any Taxes imposed, withheld, deducted or
levied under Sections 1471 through 1474 of the Code (or any amended or successor provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code or any
fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; 

(9) any Taxes that would not have been imposed, withheld, deducted or levied but for a change in any law, treaty, regulation, or administrative
or judicial interpretation that becomes effective after the applicable payment becomes due or is duly provided for, whichever occurs later; or 

(10) any combination of items (1), (2), (3), (4), (5), (6), (7), (8), and (9). 

Any Additional Amounts paid on the Securities of this series will be paid in euro. For purposes of this paragraph and the immediately
preceding paragraph, the acquisition, ownership, enforcement, or holding of or the receipt of any payment with respect to a Security of 

 
this series alone will not constitute a connection (A) between the Holder or beneficial owner and the United States or (B) between a fiduciary, settlor, beneficiary, member or
shareholder or other equity owner of, or a Person having a power over, such Holder or beneficial owner if such Holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or other entity and the United
States. Except as specifically provided under this paragraph and the immediately preceding paragraph, the Company will not be required to make any payment with respect to any tax, duty, assessment or other governmental charge imposed by any
government or any political subdivision or taxing authority. If the Company is required to pay Additional Amounts with respect to the Securities of this series, the Company will, in accordance with the Indenture, notify the Trustee and Paying Agent
pursuant to an Officers’ Certificate that specifies the Additional Amounts payable and when the Additional Amounts are payable. If the Trustee and the Paying Agent do not receive such an Officers’ Certificate from the Company, the Trustee
and Paying Agent may rely on the absence of such an Officers’ Certificate in assuming that no such Additional Amounts are payable. 
 For purposes of
this Security, (i) “Non-U.S. Holder” means a beneficial owner of a Security that is neither a U.S. Holder (as defined below) nor a partnership for U.S. federal income tax purposes, and (ii)
“U.S. Holder” means a beneficial owner of a Security that is, for U.S. federal income tax purposes: (A) an individual who is a citizen or resident of the United States; (B) a corporation (or any other entity treated as a
corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States, any state within the United States, or the District of Columbia; (C) an estate, the income of which is subject to U.S. federal
income tax regardless of its source; or (D) a trust (1) if a court within the United States is able to exercise primary supervision over the trust’s administration and one or more U.S. persons have the authority to control all
substantial decisions of the trust or (2) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person for U.S. federal income tax purposes. 

The Company may redeem the Securities of this series at its option, in whole but not in part, at a Redemption Price equal to 100% of the principal amount of
the Securities of this series to be redeemed, together with any accrued and unpaid interest on the Securities of this series to be redeemed to, but excluding, the Redemption Date, at any time, if: (1) the Company has or will become obliged to
pay Additional Amounts with respect to such Securities as a result of any change in, or amendment to, the laws, regulations, treaties, or rulings of the United States or any political subdivision of or in the United States or any taxing authority
thereof or therein affecting taxation, or any change in, or amendment to, the application, official interpretation, administration or enforcement of such laws, regulations, treaties or rulings (including a holding by a court of competent
jurisdiction in the United States), which change or amendment is enacted, adopted, announced or becomes effective on or after May 14, 2018; or (2) on or after May 14, 2018, any action is taken by a taxing authority of, or any action has been
brought in a court of competent jurisdiction in, the United States or any political subdivision of or in the United States or any taxing authority thereof or therein, including any of those actions specified in clause (1) above, whether or not
such action was taken or brought with respect to the Company, or there is any change, amendment, clarification, application or interpretation of such laws, regulations, treaties or rulings, which in any such case, will result in a material
probability that the Company will be required to pay Additional Amounts with respect to such Securities (it 

 
being understood that such material probability will be deemed to result if the written opinion of independent tax counsel described in clause (B) of the second succeeding sentence below to
such effect is delivered to the Trustee and the Paying Agent). Notice of any such redemption will be mailed, or delivered electronically if held by or on behalf of any depositary in accordance with such depositary’s customary procedures, at
least 15 days but not more than 60 days before the Redemption Date to each registered Holder of the Securities of this series to be redeemed; provided, however, that the notice of redemption shall not be given earlier than 90 days
before the earliest date on which the Company would be obligated to pay such Additional Amounts if a payment in respect of the Securities of this series was then due. Prior to the mailing or delivery of any notice of redemption pursuant to this
paragraph, the Company will deliver to the Trustee and the Paying Agent: (A) a certificate signed by one of the Company’s officers stating that the Company is entitled to effect such redemption and setting forth a statement of facts
showing that the conditions precedent to the Company’s right to so redeem have occurred, and (B) a written opinion of independent tax counsel of nationally recognized standing to the effect that the Company has or will become obligated to
pay such Additional Amounts as a result of a change or amendment described in clause (1) above or that there is a material probability that the Company will be required to pay Additional Amounts as a result of an action, change, amendment,
clarification, application or interpretation described in clause (2) above, as the case may be. Such notice of redemption, once delivered by the Company will be irrevocable. 

This Security is not repayable at the option of the Holder hereof and is not subject to the operation of any sinking fund. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The provisions of Section 1402 and
Section 1403 of the Indenture relating to defeasance and covenant defeasance, respectively, shall apply to this Security. Pursuant to Section 1404(5) and Section 1404(6) of the Indenture, any such defeasance or covenant defeasance
shall be conditioned on receipt of an Opinion of Counsel relating to the federal income tax consequences of such defeasance or covenant defeasance. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less than a majority in principal amount of all
Securities at the time Outstanding to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on behalf of the Holders of all Outstanding
Securities, to waive compliance by the Company with certain provisions of the Indenture, and contains provisions permitting the Holders of specified percentages in principal amount, in certain instances of the Outstanding Securities of individual
series and in other instances of all Securities at the time Outstanding, to waive on behalf of all of the Holders of Securities of such individual series or of the Holders of all Securities at the time Outstanding, as the case may be, certain past
defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall
not have the right to institute any proceeding, judicial or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee
written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount, in certain instances of the Securities of this series at the time Outstanding and in other instances
of all Outstanding Securities, shall have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be
incurred in compliance with such request, and the Trustee shall not have received from the Holders of not less than a majority in principal amount of Securities of this series at the time Outstanding or of all Outstanding Securities, as the case may
be, a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of
this Security for the enforcement of any payment of principal hereof (and premium, if any) or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay or make provision as provided in Article Fourteen of the Indenture for the payment of the amount of principal of (and premium, if any) and interest on this Security herein provided, and at the
times, place and rate, and in the coin or currency, herein prescribed. 
 As provided in the Indenture and subject to certain limitations
therein and herein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of (and
premium, if any) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly
authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in minimum denominations of €100,000 and any integral
multiple of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series of a
different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

 Prior to due presentment of this Security for registration of transfer, the Company, the Trustee
and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall
be affected by notice to the contrary. 
 All terms used in this Security that are defined in the Indenture shall have the meanings assigned
to them in the Indenture. 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The following increases or decreases in this Security have been made: 
  

									
	 Date of exchange
	  	Amount of decrease in
principal amount of
this Security	  	Amount of increase in
principal amount of this
Security	  	Principal amount of this
Security following
such decrease or increase	  	Signature of authorized
signatory of Trustee or
Security Custodian

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

PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF
ASSIGNEE 
  

	
	
                   
                                         
                    

	
	 
	
	 
	(Please print or type name and address, including postal zip code of assignee)
	
	 
	the within permanent global Security and all rights thereunder, irrevocably constituting and appointing
	
	                                      
                                         
                                         
                                         
                     attorney to transfer said permanent global Security on the books of the Company, with full power of substitution in the
premises.
	
	Dated:                                     
                                
	
	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within permanent global Security in every particular, without alteration or enlargement or any change whatever, and must be
guaranteed by a commercial bank or trust company having its principal office or correspondent in The City of New York or by a member of the New York Stock Exchange.

 Exhibit C-3 

Form of Floating Rate Note 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV, AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING S.A., LUXEMBOURG (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR,
“EUROCLEAR/CLEARSTREAM”), TO THE COMPANY (AS DEFINED BELOW) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, THE BANK OF NEW YORK DEPOSITORY (NOMINEES) LIMITED, HAS AN INTEREST HEREIN. 

THIS SECURITY IS A SECURITY IN GLOBAL FORM WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A COMMON DEPOSITARY OR
A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH COMMON DEPOSITARY OR A NOMINEE
THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  

			
	 No. 1
	  	€750,000,000
	
	UNITED TECHNOLOGIES CORPORATION
FLOATING RATE NOTE DUE 2020
		
	 	  	CUSIP NO. 913017CT4
	 	  	Common Code NO. 182230103
	 	  	ISIN NO. XS1822301039

 UNITED TECHNOLOGIES CORPORATION, a Delaware corporation (herein called the “Company”, which
term includes any successor corporation under the Indenture hereinafter referred to), for value received, hereby promises to pay to The Bank of New York Depository (Nominees) Limited, the registered Holder hereof, as nominee of The Bank of New York
Mellon, London Branch, as common depositary for Euroclear Bank SA/NV (“Euroclear”) and Clearstream Banking S.A. (“Clearstream”), the principal sum of SEVEN HUNDRED AND FIFTY MILLION EUROS (€750,000,000), or
such other principal sum as shall be specified in the Schedule of Increases or Decreases in Global Security attached hereto, on May 18, 2020 (the “Maturity Date”), and to pay interest thereon from May 18, 2018 or from the
most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly in arrears on February 18, May 18, August 18 and November 18 of each year, and on the Maturity Date, commencing on August 18,
2018 (each an “Interest Payment Date”), at the rate, reset quarterly, equal to EURIBOR plus 0.20% (as determined by The Bank of New York Mellon, London Branch (in such capacity, the “Calculation Agent”), in
accordance with the next succeeding paragraphs) to the Person in whose name this Security (or one or more Predecessor Securities) is 

 
registered on the Regular Record Date; provided, however, that interest payable on the Maturity Date or any Redemption Date will be payable to the Person to whom the principal of this
Security is payable. If an Interest Payment Date (other than the Maturity Date or any earlier Redemption Date) is not a Business Day, then such Interest Payment Date shall be the next succeeding Business Day, unless the next succeeding Business Day
is in the next succeeding calendar month, in which case such Interest Payment Date shall be the immediately preceding Business Day. If the Maturity Date or any earlier Redemption Date falls on a day that is not a Business Day, the payment of
principal and interest, if any, otherwise payable on such date will be postponed to the next succeeding Business Day, and no interest on such payment will accrue from and after the Maturity Date or earlier Redemption Date, as applicable. Any such
interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered
at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such Special Record Date,
or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, all as more fully provided in said Indenture. This Security is a Security for purposes of the
Indenture. 
 For purposes of this Security: 

“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions
are authorized or obligated by law or executive order to be closed in New York City or London and which is a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer system (the “TARGET2 system”), or any
successor thereto, operates. 
 “Regular Record Date” means the close of business on the date that is fifteen calendar days
prior to the date on which interest is scheduled to be paid, regardless of whether such date is a Business Day; provided that if this Security is held by a securities depositary in book-entry form, the Regular Record Date for this Security
will be the close of business on the Business Day (for this purpose a day on which Clearstream and Euroclear are open for business) immediately preceding the date on which interest is scheduled to be paid. 

This Security will bear interest for each Interest Period at a rate determined by the Calculation Agent. The interest rate on this Security
for each day of an Interest Period will be a rate equal to EURIBOR as determined on the Interest Determination Date plus 0.20% per year, provided, however, that in no event shall the interest rate be less than zero. 

The interest rate for each Interest Period will be reset on February 18, May 18, August 18 and November 18 of each year
(each such date, an “Interest Reset Date”), and will be set for the initial Interest Period on May 18, 2018. If any Interest Reset Date would otherwise be a day that is not a Business Day, such Interest Reset Date shall be the
next succeeding Business Day, unless the next succeeding Business Day is in the next succeeding calendar month, in which case such Interest Reset Date shall be the immediately preceding Business Day. 

 The initial Interest Period for this Security will be the period from and including May 18,
2018 to, but excluding, the first Interest Reset Date. Thereafter, an “Interest Period” shall mean the period from and including an Interest Reset Date to, but excluding, the next succeeding Interest Reset Date and, in the case of
the last such period, from and including the Interest Reset Date immediately preceding the Maturity Date or any earlier Redemption Date, as the case may be, to, but excluding, such Maturity Date or earlier Redemption Date. 

The “Interest Determination Date” for the initial Interest Period is May 16, 2018 and for any other Interest Period will
be the second TARGET2 system day preceding the relevant Interest Reset Date. 
 A “TARGET2 system day” is any day on which
the TARGET2 system, or any successor thereto, operates. 
 Promptly upon determination, the Calculation Agent will inform the Company of the
interest rate for the next Interest Period. Absent manifest error, the determination of the interest rate by the Calculation Agent shall be binding and conclusive on the holders of this Security, the Trustee and the Company. So long as EURIBOR is
required to be determined with respect to this Security, there will at all times be a Calculation Agent. In the event that any then acting Calculation Agent shall be unable or unwilling to act, or that such Calculation Agent shall fail duly to
establish EURIBOR for any Interest Period, or that the Company proposes to remove such Calculation Agent, the Company shall appoint another Person which is a bank, trust company, investment banking firm or other financial institution to act as the
Calculation Agent. 
 On any Interest Determination Date, EURIBOR will be equal to the offered rate for deposits in euro having an index
maturity of three months as such rate appears on the Reuters screen EURIBOR01 page at approximately 11:00 a.m., Brussels time, on such Interest Determination Date. “Reuters screen EURIBOR01 page” means the display designated on page
“EURIBOR01” on Reuters (or such other page as may replace the EURIBOR01 page on that service or any successor service for the purpose of displaying euro-zone interbank offered rates for euro-denominated deposits of major banks).

 Subject to the immediately following paragraph, if no offered rate appears on the Reuters screen EURIBOR01 page on an Interest
Determination Date at approximately 11:00 a.m., Brussels time, then the Company will select four major banks in the euro-zone interbank market and shall request each of their principal euro-zone offices to provide to the Calculation Agent a
quotation of the rate at which three-month deposits in euros in amounts of at least €1,000,000 are offered by it to prime banks in the euro-zone interbank market, on that date and at that time, that is representative of single transactions at
that time. If at least two quotations are provided, EURIBOR will be the arithmetic average of the quotations provided. Otherwise, the Company will select three major banks in the euro-zone and shall request each of them to provide to the Calculation
Agent a quotation of the rate offered by them at approximately 11:00 a.m., Brussels time, on the Interest Determination Date for loans in euros to leading European banks having an index maturity of three months for the applicable Interest Period in
an amount of at least €1,000,000 that is representative of single transactions at that time. If three quotations are provided, EURIBOR will be the arithmetic average of the quotations provided. Otherwise, the rate of EURIBOR for the next
Interest Period will be set equal to the rate of EURIBOR for the then current Interest Period. 

 Notwithstanding the paragraph immediately above, if the Company in its sole discretion determines
that EURIBOR has been permanently discontinued and the Company has notified the Calculation Agent of such determination (a “EURIBOR Event”), the Calculation Agent will use, as a substitute for EURIBOR (the “Alternative
Rate”) for each future Interest Determination Date, the alternative reference rate selected by the central bank, reserve bank, monetary authority or any similar institution (including any committee or working group thereof) that is
consistent with market practice regarding a substitute for EURIBOR. As part of such substitution, the Calculation Agent will, after consultation with the Company, make such adjustments to the Alternative Rate or the spread thereon, as well as the
business day convention, Interest Determination Dates and related provisions and definitions, in each case that are consistent with market practice for the use of such Alternative Rate. If a EURIBOR Event has occurred, but for any reason an
Alternative Rate has not been determined, the rate of EURIBOR for the next Interest Period will be set equal to the rate of EURIBOR for the then current Interest Period. 

The amount of interest for each day that this Security is outstanding (the “Daily Interest Amount”) will be calculated by
dividing the interest rate in effect on this Security for such day by 360 and multiplying the result by the principal amount of this Security (known as the “Actual/360” day count). The amount of interest to be paid on this Security for any
Interest Period will be calculated by adding the Daily Interest Amounts for each day in such Interest Period. 
 The interest rate on this
Security will be limited to the maximum rate permitted by New York law, as the same may be modified by United States law of general application. 

All percentages resulting from any calculation of any interest rate for this Security will be rounded, if necessary, to the nearest one
hundred thousandth of a percentage point, with five one-millionths of a percentage point rounded upward (e.g., 9.876545% (or .09876545) would be rounded to 9.87655% (or .0987655)), and all euro amounts will be
rounded to the nearest cent, with one-half cent being rounded upward. 
 Upon prior written request
from any Holder, the Calculation Agent will provide the interest rate in effect on this Security for the current Interest Period and, if it has been determined, the interest rate to be in effect for the next Interest Period. 

Payment of the principal of and premium, if any, and interest on this Security will be made at the office or agency of the Company maintained
for that purpose in the City of London, England, which shall be initially the corporate trust office of The Bank of New York Mellon, London Branch, located at One Canada Square, London, England E14 5AL; provided, however, that at the
option of the Company payment of principal or interest may be made by wire transfer to an account designated by the Person entitled thereto or by check mailed to the address of the Person entitled thereto as such address shall appear in the Security
Register, in either case in same-day funds. 

 All payments on this Security will be payable in euro. If the euro is unavailable to the Company
due to the imposition of exchange controls or other circumstances beyond the Company’s control (including the dissolution of the euro) or if the euro is no longer being used by the then member states of the European Monetary Union that have
adopted the euro as their currency or for the settlement of transactions by public institutions of or within the international banking community, then all payments in respect of this Security will be made in U.S. dollars until the euro is again
available to the Company or so used. The amount payable on any date in euro will be converted into U.S. dollars at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to the relevant
payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the then most recent U.S. dollar/euro exchange rate available on or prior to the second Business Day prior to the relevant payment
date as determined by the Company in the Company’s sole discretion. Any payment in respect of this Security so made in U.S. dollars will not constitute an Event of Default with respect to the Securities of this series or under the Indenture.
Neither the Trustee nor the Paying Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 

“euro” and “€” mean the lawful currency of the member states of the European Monetary Union that have
adopted or that adopt the single currency in accordance with the treaty establishing the European Community, as amended by the Treaty on European Union. 

Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

This Security shall be governed by and construed in accordance with the law of the State of New York. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
 Dated:
                                         
        
 [SEAL] 

 

					
	UNITED TECHNOLOGIES CORPORATION
		
	By:	 	  

		 	Name:	 	David R. Whitehouse
		 	Title:	 	 Corporate Vice President,

Treasurer

 Attested: 
  

			
	By:	 	  

	Name:	 	Ariel David
	Title:	 	Vice President, Associate General Counsel & Assistant Secretary

 [Signature Page to Form of Note] 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within mentioned Indenture. 

 

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

		 	Authorized Signatory

 Dated:
                                         
            
 [Signature Page to Form of Note] 

 [REVERSE OF SECURITY] 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to
be issued in one or more series under an Amended and Restated Indenture, dated as of May 1, 2001, as it may be supplemented from time to time (herein called the “Indenture”), between the Company and The Bank of New York Mellon
Trust Company, N.A. (formerly The Bank of New York Trust Company, N.A.), as Trustee (successor to The Bank of New York) (herein called the “Trustee”, which term includes any successor trustee under the Indenture with respect to the
series of which this Security is a part), to which Indenture reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof. The Indenture does not limit the aggregate principal amount of the Securities or the Securities
of this series that may be issued thereunder. Additional Securities of this series may be issued from time to time hereafter; provided that any such additional Securities that are not fungible with this Security for U.S. federal income tax purposes
will have a separate CUSIP, ISIN and other identifying number than this Security. 
 Notwithstanding Section 1104 of the Indenture, the
notice of any redemption referred to herein need not set forth the Redemption Price therefor but only the manner of calculation thereof. Promptly after the calculation of such Redemption Price, the Company shall give the Trustee notice thereof and
the Trustee shall not be responsible for such calculation. 
 All payments of principal and interest in respect of the Securities of this
series by the Company or a Paying Agent on the Company’s behalf will be made free and clear of, and without deduction or withholding for or on account of, any present or future taxes, duties, assessments or other similar governmental charges
imposed or levied by the United States or any political subdivision or taxing authority of or in the United States (collectively, “Taxes”), unless such withholding or deduction is required by law. In the event such withholding or
deduction for Taxes is required by law, subject to the limitations described below, the Company will pay to any Non-U.S. Holder (as defined below) or any foreign partnership such Additional Amounts as may be
necessary to ensure that the net amount received by such Person, after withholding or deduction for such Taxes, will be equal to the amount such Person would have received in the absence of such withholding or deduction. However, no Additional
Amounts shall be payable with respect to any Taxes if such Taxes are imposed, withheld, deducted or levied for reasons unrelated to the Holder’s or beneficial owner’s ownership or disposition of Securities of this series, nor shall
Additional Amounts be payable for or on account of: 
 (1) any Taxes which would not have been so imposed, withheld, deducted or levied but
for: 
 (i) the existence of any present or former connection between the Holder or beneficial owner (or between a fiduciary, settlor,
beneficiary, member or shareholder or other equity owner of, or a Person having a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, a trust, 

  
 6 

 
a limited liability company, a partnership, a corporation or other entity) and the United States, including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor,
beneficiary, member, shareholder or other equity owner or Person having such a power) being or having been a citizen or resident or treated as a resident of the United States, being or having been engaged in a trade or business in the United States,
being or having been present in the United States, or having or having had a permanent establishment in the United States; 
 (ii) the
failure of the Holder or beneficial owner to comply with any applicable certification, information, documentation or other reporting requirement, if compliance is required under the tax laws and regulations of the United States or any political
subdivision or taxing authority of or in the United States to establish entitlement to a partial or complete exemption from such Taxes (including, but not limited to, the requirement to provide Internal Revenue Service
Form W-8BEN, Form W-8BEN-E, Form W-8ECI, Form
W-8IMY (and related documentation) or any subsequent versions thereof or successor thereto); or 

(iii) the Holder’s or beneficial owner’s present or former status as a personal holding company or a foreign personal holding company
with respect to the United States, as a controlled foreign corporation with respect to the United States, as a passive foreign investment company with respect to the United States, as a foreign tax-exempt
organization with respect to the United States or as a corporation that accumulates earnings to avoid United States federal income tax; 

(2) any Taxes which would not have been imposed, withheld, deducted or levied but for the failure of the Holder or beneficial owner to meet the
requirements (including the certification requirements) of Section 871(h) or Section 881(c) of the Internal Revenue Code of 1986, as amended (the “Code”); 

(3) any Taxes which would not have been imposed, withheld, deducted or levied but for the presentation by the Holder or beneficial owner of
such Security for payment on a date more than 30 days after the date on which such payment became due and payable or the date on which payment of the Security is duly provided for and notice is given to Holders, whichever occurs later, except to the
extent that the Holder or beneficial owner would have been entitled to such Additional Amounts on presenting such Security on any date during such 30-day period; 

(4) any estate, inheritance, gift, sales, excise, transfer, personal property, wealth or similar Taxes; 

(5) any Taxes which are payable otherwise than by withholding or deduction from a payment on such Security; 

(6) any Taxes which are imposed, withheld, deducted or levied with respect to, or payable by, a Holder that is not the beneficial owner of the
Security, or a portion 

 
of the Security, or that is a fiduciary, partnership, limited liability company or other similar entity, but only to the extent that a beneficial owner, a beneficiary or settlor with respect to
such fiduciary or member of such partnership, limited liability company or similar entity would not have been entitled to the payment of an Additional Amount had such beneficial owner, settlor, beneficiary or member received directly its beneficial
or distributive share of the payment; 
 (7) any Taxes required to be withheld or deducted by any Paying Agent from any payment on any
Security of this series, if such payment can be made without such withholding or deduction by at least one other Paying Agent; 
 (8) any
Taxes imposed, withheld, deducted or levied under Sections 1471 through 1474 of the Code (or any amended or successor provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to
Section 1471(b) of the Code or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; 

(9) any Taxes that would not have been imposed, withheld or deducted but for a change in any law, treaty, regulation, or administrative or
judicial interpretation that becomes effective after the applicable payment becomes due or is duly provided for, whichever occurs later; or 

(10) any combination of items (1), (2), (3), (4), (5), (6), (7), (8), and (9). 

Any Additional Amounts paid on the Securities of this series will be paid in euro. For purposes of this paragraph and the immediately preceding paragraph, the
acquisition, ownership, enforcement, or holding of or the receipt of any payment with respect to a Security of this series alone will not constitute a connection (A) between the Holder or beneficial owner and the United States or
(B) between a fiduciary, settlor, beneficiary, member or shareholder or other equity owner of, or a Person having a power over, such Holder or beneficial owner if such Holder or beneficial owner is an estate, a trust, a limited liability
company, a partnership, a corporation or other entity and the United States. Except as specifically provided under this paragraph and the immediately preceding paragraph, the Company will not be required to make any payment with respect to any tax,
duty, assessment or other governmental charge imposed by any government or any political subdivision or taxing authority. If the Company is required to pay Additional Amounts with respect to the Securities of this series, the Company will, in
accordance with the Indenture, notify the Trustee and Paying Agent pursuant to an Officers’ Certificate that specifies the Additional Amounts payable and when the Additional Amounts are payable. If the Trustee and the Paying Agent do not
receive such an Officers’ Certificate from the Company, the Trustee and Paying Agent may rely on the absence of such an Officers’ Certificate in assuming that no such Additional Amounts are payable. 

For purposes of this Security, (i) “Non-U.S. Holder” means a beneficial owner of a Security that is
neither a U.S. Holder (as defined below) nor a partnership for U.S. federal income tax purposes, and (ii) “U.S. Holder” means a beneficial owner of a Security that is, for U.S. federal

 
income tax purposes: (A) an individual who is a citizen or resident of the United States; (B) a corporation (or any other entity treated as a corporation for U.S. federal income tax
purposes) created or organized in or under the laws of the United States, any state within the United States, or the District of Columbia; (C) an estate, the income of which is subject to U.S. federal income tax regardless of its source; or
(D) a trust (1) if a court within the United States is able to exercise primary supervision over the trust’s administration and one or more U.S. persons have the authority to control all substantial decisions of the trust or
(2) that has a valid election in effect under applicable Treasury regulations to be treated as a U.S. person for U.S. federal income tax purposes. 

The Company may redeem the Securities of this series at its option, in whole but not in part, at a Redemption Price equal to 100% of the principal amount of
the Securities of this series to be redeemed, together with any accrued and unpaid interest on the Securities of this series to be redeemed to, but excluding, the Redemption Date, at any time, if: (1) the Company has or will become obliged to
pay Additional Amounts with respect to such Securities as a result of any change in, or amendment to, the laws, regulations, treaties, or rulings of the United States or any political subdivision of or in the United States or any taxing authority
thereof or therein affecting taxation, or any change in, or amendment to, the application, official interpretation, administration or enforcement of such laws, regulations, treaties or rulings (including a holding by a court of competent
jurisdiction in the United States), which change or amendment is enacted, adopted, announced or becomes effective on or after May 14, 2018; or (2) on or after May 14, 2018, any action is taken by a taxing authority of, or any action
has been brought in a court of competent jurisdiction in, the United States or any political subdivision of or in the United States or any taxing authority thereof or therein, including any of those actions specified in clause (1) above,
whether or not such action was taken or brought with respect to the Company, or there is any change, amendment, clarification, application or interpretation of such laws, regulations, treaties or rulings, which in any such case, will result in a
material probability that the Company will be required to pay Additional Amounts with respect to such Securities (it being understood that such material probability will be deemed to result if the written opinion of independent tax counsel described
in clause (B) of the second succeeding sentence below to such effect is delivered to the Trustee and the Paying Agent). Notice of any such redemption will be mailed, or delivered electronically if held by or on behalf of any depositary in
accordance with such depositary’s customary procedures, at least 15 days but not more than 60 days before the Redemption Date to each registered Holder of the Securities of this series to be redeemed; provided, however, that the
notice of redemption shall not be given earlier than 90 days before the earliest date on which the Company would be obligated to pay such Additional Amounts if a payment in respect of the Securities of this series was then due. Prior to the mailing
or delivery of any notice of redemption pursuant to this paragraph, the Company will deliver to the Trustee and the Paying Agent: (A) a certificate signed by one of the Company’s officers stating that the Company is entitled to effect such
redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right to so redeem have occurred, and (B) a written opinion of independent tax counsel of nationally recognized standing to the effect
that the Company has or will become obligated to pay such Additional Amounts as a result of a change or amendment described in clause (1) above or that there is a material probability that the Company will be required to pay Additional Amounts
as a result of an action, change, amendment, clarification, application or interpretation described in clause (2) above, as the case may be. Such notice of redemption, once delivered by the Company will be irrevocable. 

 This Security is not repayable at the option of the Holder hereof and is not subject to the
operation of any sinking fund. 
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the
principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The provisions of Section 1402 and Section 1403 of the Indenture relating to defeasance and covenant defeasance, respectively, shall
apply to this Security. Pursuant to Section 1404(5) and Section 1404(6) of the Indenture, any such defeasance or covenant defeasance shall be conditioned on receipt of an Opinion of Counsel relating to the federal income tax consequences
of such defeasance or covenant defeasance. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of not less
than a majority in principal amount of all Securities at the time Outstanding to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities at the time Outstanding, on
behalf of the Holders of all Outstanding Securities, to waive compliance by the Company with certain provisions of the Indenture, and contains provisions permitting the Holders of specified percentages in principal amount, in certain instances of
the Outstanding Securities of individual series and in other instances of all Securities at the time Outstanding, to waive on behalf of all of the Holders of Securities of such individual series or of the Holders of all Securities at the time
Outstanding, as the case may be, certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 

As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the right to institute any
proceeding, judicial or otherwise, with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount, in certain instances of the Securities of this series at the time Outstanding and in other instances of all Outstanding Securities, shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity against the costs, expenses and liabilities to be incurred in compliance with such request,
and the Trustee shall not have received from the Holders of not less than a majority in principal amount of Securities of this series at the time Outstanding or of all Outstanding Securities, as the case may be, a direction inconsistent with such
request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of 

 
indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for the enforcement of any payment of principal hereof (and premium, if any) or interest hereon on
or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of the
Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay or make provision as provided in Article Fourteen of the Indenture for the payment of the amount of principal of (and premium, if any) and
interest on this Security herein provided, and at the times, place and rate, and in the coin or currency, herein prescribed. 
 As provided
in the Indenture and subject to certain limitations therein and herein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the
Company in any place where the principal of (and premium, if any) and interest on this Security are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly
executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee
or transferees. 
 The Securities of this series are issuable only in registered form without coupons in minimum denominations of
€100,000 and any integral multiple of €1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of
Securities of this series of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge
shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

All terms used in this Security that are not otherwise defined and that are defined in the Indenture shall have the meanings assigned to them
in the Indenture. 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY  

The following increases or decreases in this Security have been made: 
  

									
	 Date of exchange
	  	Amount of decrease in
principal amount of
this Security	  	Amount of increase in
principal amount of this
Security	  	Principal amount of this
Security following
such decrease or increase	  	Signature of authorized
signatory of Trustee or
Security Custodian

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

PLEASE INSERT SOCIAL SECURITY OR OTHER 
 IDENTIFYING NUMBER OF
ASSIGNEE 
  

	
	
                   
                                         
                    

	
	 
	
	 
	(Please print or type name and address, including postal zip code of assignee)
	
	 
	the within permanent global Security and all rights thereunder, irrevocably constituting and appointing
	
	
	                                      
                                         
                                         
                                         
                    attorney to transfer said permanent global Security on the books of the Company, with full power of substitution in the
premises.
	
	Dated:                                     
                                
	
	NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within permanent global Security in every particular, without alteration or enlargement or any change whatever, and must be
guaranteed by a commercial bank or trust company having its principal office or correspondent in The City of New York or by a member of the New York Stock Exchange.ex-10.1

 

 LETTER OF INTENT
 

 The intent of this Letter is to provide of written expression of the mutual interest of VyaPay LLC, a Delaware Limited Liability Company (hereinafter referred to as "VyaPay"), and Spindle Inc., a Nevada Corporation (hereinafter referred to as "Spindle"), pursuant to which VyaPay and Spindle would enter into a strategic alliance to mutually pursue business objectives and to share certain business resources.  This letter also outlines some of the terms and conditions that a definitive agreement will include.
 

 

 1.
 SCOPE OF STRATEGIC ALLIANCE
 

 The parties intend that Spindle may discuss and offer its clients the opportunity to utilize VyaPay’s payments platforms (the “Platforms”) in conjunction with Spindle’s business and in conjunction with this Agreement.  The parties shall separately enter into any necessary license or other agreements between themselves or with customers relating to access to the Platforms.
 

 Pursuant to the alliance, Spindle shall, introduce and market VyaPay Processing Services and other services offered by VyaPay (collectively the "Services"), on terms mutually agreeable to Spindle, VyaPay and Spindle’s customer.  VyaPay shall support and perform its VyaPay Processing Services and payment services (collectively the "VyaPay Services") for Spindle customers and projects referred to VyaPay by Spindle. Any engagement to perform VyaPay Services shall be on such terms and conditions as VyaPay may approve in its sole discretion. VyaPay will perform, schedule, staff and manage all VyaPay Services.  Spindle may provide its products and solutions to VyaPay, to be installed at the VyaPay Processing Center.
 

 Revenues generated from business generated through the parties’ alliance is intended be shared between the parties, [redacted:  business confidential] for business generated by VyaPay and with Spindle retaining [redacted:  business confidential] of net revenue for business generated by Spindle.  The parties recognize that each party may generate its own individual projects and customers that are not subject to the terms of the contemplated alliance or these revenue sharing provisions.
 

 2.
 TERM.
 

 The Agreement is intended to be effective for twenty-four (24) months and renewable for successive one-year periods upon the written agreement of the parties.  The Agreement may be terminated only upon mutual agreement of the parties, unless for cause including material breach.
 

 3.
 FEES AND CAPITAL
 

 The parties intend that pursuant to this Agreement, VyaPay shall receive a fee of [redacted:  business confidential] in two tranches of [redacted:  business confidential] payable within forty-five (45) days and ninety (90) days, respectively, after the signing of a definitive agreement, which fee shall be used to fund software development and integration work associated with business developed by the parties pursuant to this agreement. Additionally, VyaPay shall be issued [redacted:  business confidential] shares of Spindle common stock upon the execution of a definitive Agreement.
 

 
 The parties further agree that pursuant to a definitive Agreement, VyaPay shall receive the amount of [redacted:  business confidential], to be dedicated to a project that is the subject of an existing subcontract between the parties, of which [redacted:  business confidential] shall have been raised at the time of execution of a definitive Agreement, [redacted:  business confidential] within thirty (30) days after execution of the Agreement, and [redacted:  business confidential] within sixty (60) days after execution of the Agreement.  
 

 4.
 CONSULTING AGREEMENT.
 

 The parties intend that Spindle shall enter into a consulting agreement with Wain Swapp (“Swapp”), under which Swapp will provide advisory and/or management services to Spindle during some, or all, of the remaining portion of the term of this Agreement.  Pursuant to such agreement, Swapp will receive compensation as to be mutually agreed by the parties depending on the services to be provided.
 

 5.
 RIGHT OF FIRST OPTION TO PURCHASE.
 

 During the eighteen (18) months immediately following the execution of the definitive Agreement, the parties intend to provide Spindle with a right of first option to acquire substantially all of the assets of VyaPay at a [redacted:  business confidential] discount from the then-current fair market value of the assets (determined through a methodology mutually agreeable to the parties), at terms and conditions to be agreed by the parties, and subject to customary due diligence, representations and warranties.  
 

 6.
 CONFIDENTIAL INFORMATION.
 

 The parties acknowledge and agree that in the course of the performance of the Agreement and the client services rendered thereto, that each may be given access to, or come into possession of, confidential information of the other Party (and/or of customers or other third parties), which shall be governed by an existing non-disclosure agreement between the parties.
 

 7.
 INDEMNIFICATION.
 

 The parties intend that they shall  each indemnify, defend and hold the other, its partners, shareholders, directors, officers, employees, and agents harmless from and against any and all third-Party suits, actions, investigations and proceedings, and related costs and expenses (including reasonable attorney's fees) resulting solely and directly from the indemnifying Party's negligence or willful misconduct, and that neither party shall be required hereunder to defend, indemnify or hold harmless the other and/or its partners, shareholders, directors, officers, directors, employees and agents, or any of them, from any liability resulting from the negligence or wrongful acts of the Party seeking indemnification or of any third-Party.  Each Party further agrees to cooperate with the other in the defense of any such claim or other matter.
 

 8.
 INTELLECTUAL PROPERTY
 

 The parties intend that pursuant to a definitive Agreement, each Party is to be granted a royalty-free, non-exclusive, non-transferrable license during the Term of the Agreement to use the name and trademarks of the other (in forms provided by the Party owning such name or trademark) in conjunction with promoting or providing the services contemplated by this Agreement.
 

 
 

 Work performed on engagements pursuant to the Agreement by either VyaPay and/or Spindle, and information, materials, products and deliverables developed in connection with engagements pursuant to the Agreement shall be the property of the respective parties performing the work or creating the information. All underlying methodology utilized by Spindle and VyaPay respectively which was created and/or developed by either prior to the definitive Agreement and utilized in the course of performing engagements pursuant to the Agreement shall not become the property of the other. 
 

 9.
 NON-BINDING AGREEMENT.  
 

 The provisions of this Letter of Intent are for informational purposes only and are nonbinding on all Parties.  The transaction contemplated herein will require preparation and execution of a final and definitive agreement; the parties shall not be contractually bound to the alliance contemplated herein until they enter into a written definitive agreement in a form satisfactory to both parties. Each party shall bear its own expenses associated with the negotiation and preparation of a definitive Agreement.
 

 10.
 TERMINATION OF LETTER.
 

 The parties intend to complete and execute a definitive agreement within 30 days from the date the last signature is affixed hereto, unless mutually extended by the Parties.  This Letter shall terminate if execution of the agreement has not occurred within 30 days (or within the period of any subsequent extension) and no further extension has been entered into, or if either party provides written notice of termination.  The parties’ obligations of confidentiality shall survive any termination of this Letter.
 

 11.
 AUTHORITY.
 

 The parties signing this letter affirm that they are an authorized representative of their respective business entity and have authority to enter into this Letter of Intent.
 

 12.
 GOVERNING LAW.
 

 This letter shall be governed by the laws of the State of Nevada.
 

 Accepted and Agreed to by:
 

 

 	 	 	
	 VyaPay LLC
	  
	 Spindle, Inc.

	  
	  
	  

	  
	  
	  

	 By: _____________________________
	  
	 By: _____________________________

	  
	  
	  

	 Name:___________________________
	  
	 Name:___________________________

	  
	  
	  

	 Date:____________________________
	  
	 Date:____________________________

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