Document:

EX-10.1

 Exhibit 10.1 

FORM OF 
 TRANSITION SERVICES
AGREEMENT 
 by and between 

FORTIVE CORPORATION 
 and 

VONTIER CORPORATION 
 Dated as of
[•], 2020 

 This TRANSITION SERVICES AGREEMENT (this “Agreement”), dated as of
[•], 2020, is entered into by and between Fortive Corporation (“Fortive”), a Delaware corporation, and Vontier Corporation (“Vontier”), a Delaware corporation. “Party” or
“Parties” means Fortive or Vontier, individually or collectively, as the case may be. 
 W I T N
E S S E T H: 
 WHEREAS, the Parties have entered into that certain Separation and Distribution
Agreement, dated as of the date hereof (the “Separation Agreement”); and 
 WHEREAS, pursuant to the Separation Agreement,
certain services are to continue to be provided by the Fortive Group to the Vontier Group and by the Vontier Group to the Fortive Group after the Distribution Date upon the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained in this Agreement, the Parties
hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Certain Defined Terms. 

(a) Unless otherwise defined herein, all capitalized terms used herein shall have the same meanings as in the Separation Agreement. 

(b) The following capitalized terms used in this Agreement shall have the meanings set forth below: 

“Force Majeure” means, with respect to a Party, an event beyond the reasonable control of such Party, including acts of God,
storms, floods, pandemics, riots, fires, sabotage, civil commotion or civil unrest, interference by civil or military authorities, acts of war (declared or undeclared) or armed hostilities or other national or international calamity or one or more
acts of terrorism or failure or interruption of networks or energy sources. 
 “Fortive Provider” means Fortive or a
Provider that is a member of the Fortive Group. 
 “Prime Rate” means the rate last quoted as of the time of determination
by The Wall Street Journal as the “Prime Rate” in the United States or, if the Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release
H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate as of such time, or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by Fortive) or any similar release by the Federal Reserve
Board (as determined by Fortive). 

  
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 “Provider” means the Party or its Affiliates providing a Service or access
to a Facility under this Agreement. 
 “Recipient” means the Party to whom a Service or access to a Facility is being
provided under this Agreement. 
 “Virus(es)” means any computer instructions (i) that have a material adverse effect
on the operation, security or integrity of a computing telecommunications or other digital operating or processing system or environment, including other programs, data, databases, computer libraries and computer and communications equipment, by
altering, destroying, disrupting or inhibiting such operation, security or integrity; (ii) that without functional purpose, self-replicate without manual intervention; or (iii) that purport to perform a useful function but which actually
perform either a destructive or harmful function, or perform no useful function and utilize substantial computer, telecommunications or memory resources. 

“Vontier Provider” means Vontier or a Provider that is a member of the Vontier Group. 

ARTICLE II 

SERVICES, ACCESS TO FACILITIES AND DURATION 

Section 2.01 Services. Subject to the terms and conditions of this Agreement, Fortive shall provide (or cause to be provided) to
the Vontier Group all of the services listed in Schedule 2.01-1 attached hereto (as such Schedule may be amended pursuant to Section 2.04, the “Fortive Provided
Services”). Subject to the terms and conditions of this Agreement, Vontier shall provide (or cause to be provided) to the Fortive Group all of the services listed in Schedule 2.01-2 attached
hereto (as such Schedule may be amended pursuant to Section 2.04, the “Vontier Provided Services”, and collectively with the Fortive Provided Services and any Additional Services, the
“Services”). 
 Section 2.02 Access to Facilities. Subject to the terms and conditions of this Agreement,
Fortive shall provide (or cause to be provided) to the Vontier Group access to the facilities, equipment and software listed in Schedule 2.02-1 attached hereto (as such Schedule may be amended pursuant
to Section 2.04, the “Fortive Provided Facilities”). Subject to the terms and conditions of this Agreement, Vontier shall provide (or cause to be provided) to the Fortive Group access to the facilities,
equipment and software listed in Schedule 2.02-2 attached hereto (as such Schedule may be amended pursuant to Section 2.04, the “Vontier Provided Facilities”,
and collectively with the Fortive Provided Facilities and any Additional Facilities, the “Facilities”). 

Section 2.03 Duration of Services and Access to Facilities. Subject to Section 6.01 hereof, each of
Fortive and Vontier shall provide or cause to be provided to the respective Recipients each Service or access to each Facility until the expiration of the period set forth next to such Service or Facility on the applicable Schedules hereto or, if no
such period is provided with respect to a particular Service or Facility on such Schedules, on the second (2nd) anniversary of the Distribution Date (the “Term”);
provided, however, to the extent that a Fortive Provider’s 

  
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ability to provide a Fortive Provided Service or access to a Fortive Provided Facility, as the case may be, is dependent on the continuation of either a Vontier Provided Service or access to a
Vontier Provided Facility, as the case may be, Fortive’s obligation to provide, or cause to be provided, such Fortive Provided Service or access to such Fortive Provided Facility shall terminate automatically with the termination of such
supporting Vontier Provided Service or access to such supporting Vontier Provided Facility; provided, further, to the extent that a Vontier Provider’s ability to provide a Vontier Provided Service or access to
a Vontier Provided Facility, as the case may be, is dependent on the continuation of either a Fortive Provided Service or access to a Fortive Provided Facility, as the case may be, Vontier’s obligation to provide, or cause to be provided, such
Vontier Provided Service or access to such Vontier Provided Facility shall terminate automatically with the termination of such supporting Fortive Provided Service or access to such supporting Fortive Provided Facility. 

Section 2.04 Additional Services and Access to Additional Facilities. If, within four (4) months after the Distribution Date,
Fortive or Vontier (or the Fortive Transition Manager or Vontier Transition Manager, as applicable) identifies a service that (a) the Fortive Group provided to the Vontier Group during the one (1)-year period prior to the Distribution Date that
the Vontier Group reasonably needs in order for the Vontier Business to continue to operate in substantially the same manner in which the Vontier Business operated prior to the Distribution Date, and such service was not included in Schedule 2.01-1 (other than because the Parties agreed such services shall not be provided), or (b) the Vontier Group provided to the Fortive Group prior to the Distribution Date that the Fortive Group reasonably
needs in order for the Fortive Group to continue to operate their businesses other than the Vontier Business (the “Fortive Business”) in substantially the same manner in which such businesses operated prior to the Distribution Date,
and such service was not included in Schedule 2.01-2 (other than because the Parties agreed such services shall not be provided), and in each case (i) such service is not an Excluded Service and
(ii) the proposed Recipient of such service is unable to reasonably obtain such service from a Third Party, then, in each case, Vontier and Fortive shall use commercially reasonable efforts to provide, or cause to be provided, such requested
services (such additional services, the “Additional Services”). If, within four (4) months after the Distribution Date, Fortive or Vontier identifies access to additional facilities, equipment or software that (x) the
Fortive Group provided to the Vontier Group during the one (1)-year period prior to the Distribution Date that the Vontier Group reasonably needs in order for the Vontier Business to continue to operate in substantially the same manner in which the
Vontier Business operated prior to the Distribution Date, and such access was not included in Schedule 2.02-1 (other than because the Parties agreed such access shall not be provided), or (y) the Vontier Group provided to Fortive or its
Affiliates prior to the Distribution Date that the Fortive Group reasonably needs in order for the Fortive Business to continue to operate in substantially the same manner in which the Fortive Business operated prior to the Distribution Date, and
such access was not included in Schedule 2.02-2 (other than because the Parties agreed such access shall not be provided), and in each case the proposed Recipient of such facilities, equipment or software is unable to reasonably obtain such
service from a Third Party, then, in each case, Vontier and Fortive shall use commercially reasonable efforts to provide such requested access (such additional facilities, equipment and software, the “Additional Facilities”). Unless
specifically agreed in writing to the contrary, the Parties shall amend the appropriate Schedule in writing to include such Additional Services or access to Additional Facilities (including the termination date with respect to such services, which,
for clarity, shall be no later than the end of the Term) and such Additional 

  
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Services or access to Additional Facilities shall be deemed Services or access to Facilities, respectively, hereunder, and accordingly, the Party requested to provide such Additional Services or
access to Additional Facilities shall provide such Additional Services or access to Additional Facilities, or cause such Additional Services or access to Additional Facilities to be provided, in accordance with the terms and conditions of this
Agreement. 
 Section 2.05 Exception to Obligation to Provide Services or Access to Facilities; Excluded Services. 

(a) Notwithstanding anything in this Agreement to the contrary, including Fortive’s and Vontier’s obligations set forth in
Section 2.01 hereof, the relevant Providers shall not be obligated to (and neither Fortive nor Vontier shall be obligated to cause any Provider to) provide any Services or access to any Facilities if the provision of such
Services or access to such Facilities would violate any Law or any Contract to which Fortive, Vontier, any of Fortive’s or Vontier’s Affiliates or any of the Providers are subject; provided, however, that
Fortive and Vontier shall comply with Section 7.02 in obtaining any Consents necessary to provide such Services or access to such Facilities. 

(b) Notwithstanding anything to the contrary set forth herein, the Services shall in no event include those services set forth on Schedule
2.05(b) (the “Excluded Services”). 
 Section 2.06 Standard of the Provision of Services or Access to
Facilities. The provision of Services and access to Facilities shall be provided in the manner and at a level substantially consistent with that provided by the Providers immediately preceding the Distribution Date. All of the Fortive Provided
Services and Fortive Provided Facilities shall be for the sole use and benefit of Vontier Group, and all of the Vontier Provided Services and Vontier Provided Facilities shall be for the sole use and benefit of the Fortive Group;
provided that nothing in this Section 2.06 is intended to limit a Provider’s access to or use of its own Facilities except as may be set forth in the applicable Schedule 2.02. 

Section 2.07 Change in Services or Access to Facilities. The Providers may from time to time reasonably supplement, modify,
substitute or otherwise alter the Services provided and access to the Facilities in a manner that does not materially adversely affect the quality or availability of Services or access to the Facilities or increase the cost of using such Services or
accessing such Facilities. 
 Section 2.08 Subcontractors. A Provider may subcontract any of the Services or portion thereof to
any other Person, including any Affiliate of the Provider; provided, however, that such other Person shall be subject to service standards and confidentiality provisions at least equivalent to those set forth
herein, and such Provider shall in all cases remain primarily responsible for all of its obligations hereunder with respect to the Services provided by such subcontractor. 

  
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 Section 2.09 Electronic Access. 

(a) To the extent that the performance or receipt of Services or access to Facilities hereunder requires access to a Group’s intranet or
other internal systems by the other Group (the “Accessing Group”), the Party whose Group intranet or other internal systems is being accessed shall provide or cause to be provided limited access to such systems, subject to policies,
procedures and limitations to be determined by such Party. From and after the Distribution Date, a Party shall cause its Accessing Group to comply with all security guidelines (including physical security, network access, internet security,
confidentiality and personal data security guidelines) of the other Party, copies of which shall be made available to the Accessing Group upon reasonable request. 

(b) While Services and access to Facilities are being provided hereunder, the Parties shall take commercially reasonable measures to ensure
that no Virus or similar items are coded or introduced into the Services or Facilities. With respect to Services or access to Facilities provided by third parties, compliance with the applicable agreement with such third party shall be deemed
sufficient commercially reasonable measures. If a Virus is found to have been introduced into such Services or Facilities, the Parties hereto shall use commercially reasonable efforts to cooperate and to diligently work together and with each
Provider providing the Services or access to Facilities to eliminate the effects of the Virus. 
 (c) The Parties shall, and shall cause
their respective Providers to, exercise reasonable care in providing, accessing and using the Services and Facilities to prevent access to the Services and Facilities by unauthorized Persons. 

ARTICLE III 
 COSTS
AND DISBURSEMENTS 
 Section 3.01 Costs and Disbursements. 

(a) Each Party (or its designee) shall pay to the other Party providing, or causing to be provided, the applicable Service or Facility a
monthly fee for such Service or access to such Facility as set forth therefor in the applicable Schedule hereto, and with respect to an Additional Service or Additional Facility, the monthly fee shall be the applicable Provider’s internal and
external costs and expenses of providing such Additional Services or access to such Additional Facilities, plus any costs associated with migrating data or otherwise preparing any Additional Services or access to any Additional Facilities to be
provided under this Agreement (each aggregate fee calculated in accordance with this provision constituting a “Service Charge” and, collectively, the “Service Charges”); provided,
however, that a fee for a Service or Facility not provided or made available hereunder for a full month shall be pro-rated for the portion of such month provided or made available. During the
Term, the amount of a Service Charge for any Services or access to Facilities shall not increase, except to the extent that there is an increase after the Distribution Date in the costs actually incurred by the Provider in providing such Services or
access to Facilities, including as a result of (i) an increase in the amount of such Services or access to Facilities being provided to the Recipient (as compared to the amount of the Services or access to Facilities underlying the
determination of a Service Charge), (ii) an increase in the rates or charges imposed by any third-party provider that is providing goods or services used by the Provider in providing the Services or access to Facilities (as compared to the rates or
charges underlying a Service Charge), (iii) an increase in the payroll or benefits for any personnel used by the Provider in providing the Services or access to Facilities, or (iv) any increase in costs relating to any changes requested by the
Recipient in the nature of the Services or access to Facilities provided (including relating to newly installed products or equipment or any upgrades to existing products or equipment). 

  
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 (b) As of or prior to the Distribution Date, the Parties shall mutually agree on a form of
invoice to be issued for the aggregate of Service Charges by each Party. Each of Fortive and Vontier (or their designees), as applicable, shall deliver invoices to the other Party (or its designees) in accordance with the terms hereof, beginning on
or prior to the tenth (10th) day following the first fiscal month end following the Distribution Date and, thereafter, on or prior to the tenth (10th) day following the fiscal month end for each succeeding month or week (in accordance with the terms
hereof) for the duration of this Agreement (or at such other frequency as is consistent with the basis on which the Service Charges are determined and, if applicable, charged to Affiliates of each Party) in arrears for the Service Charges due under
this Agreement. Each of Fortive or Vontier (or their designees) shall pay, or cause to be paid, the amount of such invoice by wire transfer or check to the other Party (or its designees) within fifteen (15) days of the date of such invoice;
provided that (i) any Contracts that prescribe other payment terms for any other individual Service or access to a Facility shall continue to govern; and (ii) to the extent consistent with past practice with respect to
Services or access to Facilities rendered outside the United States, payments may be required in local currency. If Fortive or Vontier (or their designees), as applicable, fails to pay such amount by such date, such Party shall be obligated to pay
to the other Party providing, or causing to be provided, the Services and access to the Facilities, in addition to the amount due, interest on such amount at a rate per annum equal to the Prime Rate, from time to time in effect, calculated for the
actual number of days elapsed, accrued from the date on which such payment was due up to the date of the actual receipt of payment. 

Section 3.02 Right of Set-Off. Each of Fortive or Vontier, as applicable, shall pay the
full amount of Service Charges and shall not set-off, counterclaim or otherwise withhold any amount owed to the other Party under this Agreement, on account of any obligation owed by the other Party to Fortive
or Vontier, as applicable, under this Agreement, the Separation Agreement or any other Ancillary Agreement that has not been finally adjudicated, settled or otherwise agreed upon by the Parties in writing; provided,
however, that Fortive or Vontier, as applicable, shall be permitted to assert a set-off right with respect to any obligation that has been so finally adjudicated, settled or otherwise agreed
upon by the Parties in writing against amounts owed by the other Party under this Agreement. 
 ARTICLE IV 

WARRANTIES AND COMPLIANCE; LIMITATION OF LIABILITY 

Section 4.01 Disclaimer of Warranties. Except as expressly set forth herein, the Parties acknowledge and agree that (a) the
Services and Facilities are provided as-is, (b) the Recipients assume all risks and Liability arising from or relating to their use of and reliance upon the Services and the Facilities and (c) each
Party and their respective Providers make no representation or warranty with respect thereto. EXCEPT AS EXPRESSLY SET FORTH HEREIN, EACH PARTY AND THEIR RESPECTIVE PROVIDERS HEREBY EXPRESSLY DISCLAIM ALL REPRESENTATIONS AND WARRANTIES REGARDING THE

  
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SERVICES AND THE FACILITIES, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY REPRESENTATION OR WARRANTY IN REGARD TO QUALITY, PERFORMANCE, NONINFRINGEMENT, MISAPPROPRIATION, COMMERCIAL UTILITY, OR
MERCHANTABILITY OR FITNESS OF THE SERVICES AND FACILITIES FOR A PARTICULAR PURPOSE. 
 Section 4.02 Compliance with Laws and
Regulations. Each Party hereto shall be responsible for its own compliance with any and all Laws applicable to its performance under this Agreement. FOR THE AVOIDANCE OF DOUBT AND NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, EACH PARTY
EXPRESSLY DISCLAIMS ANY EXPRESS OR IMPLIED OBLIGATION OR WARRANTY WITH RESPECT TO THE SERVICES THAT COULD BE CONSTRUED TO REQUIRE PROVIDER TO DELIVER SERVICES HEREUNDER IN SUCH A MANNER TO ALLOW A RECIPIENT TO ITSELF COMPLY WITH ANY LAW APPLICABLE
TO THE ACTIONS OR FUNCTIONS OF SUCH RECIPIENT (OR ITS AFFILIATES). 
 Section 4.03 Limitations of Liability. 

(a) NEITHER PARTY SHALL HAVE ANY LIABILITY TO THE OTHER PARTY HERETO OR ANY THIRD PARTY FOR ANY INDIRECT, INCIDENTAL, EXEMPLARY, MORAL,
PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOSS OF DATA, LOSS OF USE, CLAIMS OF THIRD PARTIES OR LOST PROFITS, REVENUES OR OPPORTUNITIES OR LOST OR DELAYED GENERATION OR DIMINUTION IN VALUE OF ASSETS OR SECURITIES OR ANY LOSSES CALCULATED
BASED ON A MULTIPLE OF REVENUES, EARNINGS OR OTHER ECONOMIC OR FINANCIAL MEASURE BY THE OTHER PARTY OR ANY THIRD PARTY), ARISING IN ANY MANNER OUT OF OR IN CONNECTION WITH THIS AGREEMENT, ITS PERFORMANCE OR BREACH HEREOF, OR INCIDENT TO ANY
RECIPIENT’S OR THIRD PARTY’S USE OF (OR ANY INABILITY TO USE) THE SERVICES OR ANY OTHER INFORMATION OR MATERIALS PROVIDED TO THE RECIPIENTS HEREUNDER, WHETHER IN CONTRACT, TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY) OR OTHERWISE, AND
WHETHER OR NOT THE PARTY HAS BEEN ADVISED OF OR OTHERWISE MIGHT HAVE ANTICIPATED THE POSSIBILITY OF SUCH LOSSES. 
 (b) In no event will
either Party’s maximum aggregate liability to the other Party or any of its Affiliates or Representatives for any and all claims arising out of or in connection with this Agreement, its termination, or expiration, whether in contract, tort or
otherwise, be greater than an amount equal to the aggregate Service Charges received by the Parties in the preceding three (3) months as of the time of calculation, (or (i) if, as of the time of calculation, this Agreement has been in
effect for less than three (3) months, the period from the Distribution Date until the time of calculation, or (ii) if, as of the time of calculation, this Agreement has been terminated pursuant to Section 6.01,
the three (3) months prior to such termination). 

  
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 ARTICLE V 

INDEMNIFICATION 

Section 5.01 Indemnification by Recipient. Each Party as Recipient shall indemnify, defend, save and hold harmless the Providers
and any of their personnel, successors and assigns (collectively, the “Provider Indemnified Parties”), from and against any and all losses, damages, liabilities, claims, costs and expenses (collectively, “Losses”)
to the extent resulting from or arising out of any third party claim to the extent resulting from or arising out of the subject matter of this Agreement or any operations or activities of the Recipient affected by the Services provided to it,
including the use of (or inability to use) the Services, except to the extent resulting from or arising out of the Provider’s gross negligence or intentional misconduct in the provision of Services by the Provider hereunder. 

Section 5.02 Indemnification by Provider. Each Party as Provider shall indemnify, defend, save and hold harmless the Recipients
and any of their personnel, successors and assigns (collectively, the “Recipient Indemnified Parties” and, together with the Provider Indemnified Parties, the “Indemnified Parties”), from and against any and all
Losses to the extent resulting from or arising out of any third party claim to the extent resulting from or arising out of the Provider’s gross negligence or intentional misconduct in the provision of Services by the Provider hereunder. 

Section 5.03 Indemnification Procedures. The Indemnified Party shall provide the Party providing indemnification (the
“Indemnifying Party”) with reasonably prompt notice concerning the existence of the indemnifiable event, grant authority to the Indemnifying Party to defend or settle any related action or claim, and provide, at the Indemnifying
Party’s expense, such information, cooperation and assistance to the Indemnifying Party as may be reasonably necessary for the Indemnifying Party to defend or settle the claim or action; provided that failure to comply with the
foregoing shall not constitute a waiver of the right to indemnification and shall affect the Indemnifying Party’s indemnification obligations only to the extent that it is prejudiced by such failure or delay. Notwithstanding anything to the
contrary set forth herein, the Indemnified Party (a) may participate, at its own expense, in any defense and settlement directly or through counsel of its choice and (b) will not enter into any settlement agreement on terms that would
impact the Indemnifying Party’s rights or obligations, without the prior written consent of the Indemnifying Party. 
 ARTICLE VI

 TERMINATION 

Section 6.01 Termination.  

(a) Notwithstanding Section 2.03, this Agreement may be terminated earlier by Fortive: (i) if Vontier, any
Vontier Provider or any of the Vontier Group are in material breach of the terms of this Agreement and such breach is not corrected within thirty (30) days of a written notice from Fortive or the Fortive Transition Manager of such breach;
(ii) immediately upon written notice from Fortive or the Fortive Transition Manager, with respect to any Fortive 

  
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Provided Service or access to any Fortive Provided Facility, if the continued performance of such Fortive Provided Service or the provision of access to such Fortive Provided Facility would be a
violation of any Law or any Contract in effect prior to the Distribution Date; or (iii) upon any failure of Vontier to pay any outstanding Service Charge due to Fortive, except to the extent any part of an outstanding Service Charge is not paid
due to a good faith dispute of such Service Charge by Vontier. 
 (b) Notwithstanding Section 2.03, this
Agreement may be terminated earlier by Vontier: (i) if Fortive or any Fortive Provider is in material breach of the terms of this Agreement and such breach is not corrected within thirty (30) days of a written notice from Vontier or the
Vontier Transition Manager of such breach; (ii) immediately upon written notice from Vontier or the Vontier Transition Manager, with respect to any Vontier Provided Service or access to any Vontier Provided Facility, if the continued
performance of such Vontier Provided Service or the provision of access to such Vontier Provided Facility would be a violation of any Law or any Contract in effect prior to the Distribution Date; or (iii) upon the failure of Fortive to pay any
outstanding Service Charge due to Vontier, except to the extent any part of an outstanding Service Charge is not paid due to a good faith dispute of such Service Charge by Fortive. 

(c) Without prejudice to any rights with respect to a Force Majeure: (i) a Recipient may from time to time terminate this Agreement with
respect to any Service or access to Facility, in whole but not in part: (A) for any reason or no reason upon providing at least thirty (30) days’ prior written notice to the Provider’s Vontier Transition Manager or Fortive
Transition Manager, as applicable, of such termination (unless a longer notice period is specified in the Schedules attached hereto or in a third party Contract to provide Services or access to Facilities); (B) if the Provider of such Service or
Facilities has failed to perform any of its material obligations under this Agreement with respect to such Service or access to Facility, and such failure shall continue to exist thirty (30) days after receipt by the Provider’s Vontier
Transition Manager or Fortive Transition Manager, as applicable, of written notice of such failure from the Recipient’s Vontier Transition Manager or Fortive Transition Manager, as applicable; or (C) immediately upon mutual written
agreement of the Parties; and (ii) a Provider may terminate this Agreement with respect to one or more Services or access to Facilities, in whole but not in part, at any time upon prior written notice to the Recipient’s Vontier Transition
Manager or Fortive Transition Manager, as applicable, if the Recipient has failed to perform any of its material obligations under this Agreement relating to such Services or access to Facilities, and such failure shall be continued uncured for a
period of thirty (30) days after receipt by the Recipient’s Vontier Transition Manager or Fortive Transition Manager, as applicable, of a written notice of such failure from the Provider’s Vontier Transition Manager or Fortive
Transition Manager, as applicable. The relevant Schedule shall be updated to reflect any terminated Service. In the event that the effective date of the termination of any Service or access to Facility is a day other than at the end of a month, the
Service Charge associated with such Service or access to Facility shall be pro-rated appropriately. 

  
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 (d) A Recipient may from time to time request a reduction in part of the scope or amount of
any Service or access to Facility. If requested to do so by the Recipient’s Vontier Transition Manager or Fortive Transition Manager, as applicable, the other Party, through its Vontier Transition Manager or Fortive Transition Manager, as
applicable, agrees to discuss in good faith appropriate reductions to the relevant Service Charges in light of all relevant factors including the costs and benefits to the Provider of any such reductions. The relevant Schedule shall be updated to
reflect any reduced Service agreed to in writing by the Parties. In the event that any Service or access to Facility is so reduced other than at the end of a month, the Service Charge associated with such Service or access to Facility for the month
in which such Service or access to Facility is reduced shall be pro-rated appropriately. 
 (e) To
the extent that a Recipient is not in compliance with Section 7.01(b) and such non-compliance remains unremedied for a period of ten (10) days, the Provider may terminate the
provision of any Services or access to Facilities provided under such third party Contract. 
 Section 6.02 Effect of
Termination. 
 (a) Upon termination of any Service or access to any Facility pursuant to this Agreement, the Provider of the
terminated Service or access to the Facility or its Affiliate shall have no further obligation to provide the terminated Service or access to the Facility, and Fortive or Vontier, as applicable, shall have no obligation to pay any Service Charges
relating to any such Service or access to such Facility; provided that Fortive or Vontier, as applicable shall remain obligated to the other Party for the Service Charges owed and payable in respect of Services or access to Facilities
provided prior to the effective date of termination. In connection with termination of any Service or access to any Facility, the provisions of this Agreement not relating solely to such terminated Service or access to such Facility shall survive
any such termination. 
 (b) In connection with a termination of this Agreement, Article IV, Article V, this
Section 6.02, Article VIII, and Liability for all due and unpaid Service Charges shall continue to survive indefinitely. 

Section 6.03 Force Majeure. 

(a) No Party (or any Person acting on its behalf) shall have any Liability or responsibility for failure to fulfill any obligation (other
than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of circumstances of Force Majeure; provided that
(i) such Party (or such Person) shall have exercised commercially reasonable efforts to minimize the effect of Force Majeure on its obligations; and (ii) the nature, quality and standard of care that the Provider shall provide in
delivering a Service or providing access to a Facility after a Force Majeure shall be substantially the same as the nature, quality and standard of care that the Provider provides prior to the Force Majeure. In the event of an occurrence of a Force
Majeure, the Party whose performance is affected thereby shall give notice of suspension as soon as reasonably practicable to the other stating the date and extent of such suspension and the cause thereof, and such Party shall resume the performance
of such obligations as soon as reasonably practicable after the removal of the cause, and if the Provider is the Party so prevented then the Recipient shall not be obligated to pay the Service Charge for a Service or Facility to the extent and for
so long as such Service or Facility is not made available to the Recipient hereunder as a result of such Force Majeure. 

  
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 (b) During the period of a Force Majeure, the Recipient shall be entitled to seek an
alternative service provider at its own cost with respect to such Services or access to such Facilities and Fortive or Vontier, as applicable, shall be entitled to permanently terminate such Services or access to such Facilities (and shall be
relieved of the obligation to pay Service Charges for the provision of such Services or access to such Facilities throughout the duration of such Force Majeure or, in the event of such permanent termination, thereafter) if a Force Majeure shall
continue to exist for more than fifteen (15) consecutive days. 
 ARTICLE VII 

MANAGEMENT AND CONTROL 

Section 7.01 Cooperation.  

(a) During the Term, each Party shall, and shall cause its Affiliate Recipients to, use its commercially reasonable efforts to cooperate with
the relevant Provider and its Affiliates with respect to such Provider providing the Services and access to the Facilities and responding to such Provider’s reasonable requests for information related to the functionality or operation of the
Services and Facilities. Neither Party nor any of its Affiliates shall knowingly take any action which would substantially interfere with or substantially increase the cost of the other Party providing (or causing to be provided) any of the Services
or access to the Facilities. After the Distribution Date, each Party and its Affiliates shall use its commercially reasonable efforts to enable the other Party or its Affiliates to provide the Services and access the Facilities as soon as possible
after the Distribution Date. Without limiting the foregoing, each Party shall provide the relevant Provider with reasonable access (during reasonable business hours) to (i) records related to the provision of the Services and access to the
Facilities; and (ii) the relevant Party’s personnel and facilities for the purpose of training and consultation with respect to the Services and access to Facilities. 

(b) To the extent the Parties or a member of their respective Group have entered into any third party Contracts in connection with any of the
Services or access to the Facilities, the Recipients shall comply with the terms of such Contract to the extent the Recipients or their Vontier Transition Manager or Fortive Transition Manager, as applicable, have been informed of such terms. 

Section 7.02 Required Consents. Each Party shall use commercially reasonable efforts to obtain any and all third party Consents
necessary or advisable to allow the relevant Provider to provide the Services and access to the Facilities (the “Required Consents”); provided, however, that the costs of such third party Consents
shall be paid by the Recipient of the provision of such Services and access to such Facilities. Each Party shall provide written evidence of receipt of Required Consents to the other Party upon such other Party’s request. 

  
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 Section 7.03 Primary Points of Contact for Agreement. 

(a) Appointment and Responsibilities. Each Party shall appoint an individual to act as the primary point of operational contact for
the administration and operation of this Agreement, as follows: 
 (i) The individual appointed by Vontier as the primary
point of operational contact pursuant to this Section 7.03(a) (the “Vontier Transition Manager”) shall have overall responsibility for coordinating, on behalf of Vontier, all activities undertaken by
Vontier and its Providers, Affiliates and Representatives hereunder, including the performance of Vontier’s obligations hereunder, the coordinating of the provision of the Vontier Provided Services and access to the Vontier Provided Facilities
with Fortive, acting as a day-to-day contact with Fortive Transition Manager and making available to Fortive the data, facilities, resources and other support services
from Vontier required for Fortive Providers to be able to provide the Fortive Provided Services and access to the Fortive Provided Facilities in accordance with the requirements of this Agreement. Vontier may change Vontier Transition Manager from
time to time upon written notice to Fortive. Vontier shall use commercially reasonable efforts to provide at least thirty (30) days’ prior written notice of any such change. 

(ii) The individual appointed by Fortive as the primary point of operational contact pursuant to this
Section 7.03(a) (the “Fortive Transition Manager”) shall have overall operational responsibility for coordinating, on behalf of Fortive, all activities undertaken by Fortive and its Providers, Affiliates
and Representatives hereunder, including the performance of Fortive’s obligations hereunder, the coordinating of the provision of the Fortive Provided Services and access to the Fortive Provided Facilities with Vontier, acting as a day-to-day contact with Vontier Transition Manager and making available to Vontier the data, facilities, resources and other support services from Fortive required for Vontier
Providers to be able to provide the Vontier Provided Services and access to the Vontier Provided Facilities in accordance with the requirements of this Agreement. Fortive may change Fortive Transition Manager from time to time upon written notice to
Vontier. Fortive shall use commercially reasonable efforts to provide at least thirty (30) days’ prior written notice of any such change. 

(b) Review Meetings. Fortive Transition Manager and Vontier Transition Manager shall meet either
in-person at a mutually acceptable location or via telephone or video conference at least monthly to review Fortive’s and Vontier’s provision of the Services and access to the Facilities as required
under this Agreement. 
 Section 7.04 Steering Committee. 

(a) Size and Composition. Fortive shall appoint three (3) members of its management staff, and Vontier shall appoint three
(3) members of its management staff to serve on a steering committee (the “Steering Committee”). Either Party may change its Steering Committee members from time to time upon written notice to the other Party;
provided, however, that Fortive Transition Manager and Vontier Transition Manager shall at all times remain as members of the Steering Committee. In addition, the Parties may mutually agree to increase or decrease
the size, purpose or composition of the Steering Committee in an effort for the Providers to better provide, and for the Recipients to better utilize, the Services and access to the Facilities. 

  
 13 

 (b) Responsibilities. The Steering Committee’s responsibilities include: 

(i) generally overseeing the performance of each Party’s obligations under this Agreement; and 

(ii) making, and providing continuity for making, decisions for the Recipients with respect to the establishment,
prioritization and use of the Services and access to the Facilities. 
 (c) Meetings. The Steering Committee shall meet once a month
or at such other frequency as mutually agreed by the Parties. Each Steering Committee meeting shall be either in-person at a mutually acceptable location or via telephone or video conference. 

Section 7.05 Personnel.  

(a) The Provider of any Service or access to any Facility shall make available to the Recipient of such Service or access to such Facility
such personnel as may be reasonably necessary to provide such Service, in accordance with such Provider’s standard business practices. The Provider shall have the right, in its reasonable discretion, to (i) designate which personnel it
will assign to perform such Service, and (ii) remove and replace such personnel at any time. 
 (b) The Provider of any Service or
Facility shall be solely responsible for all salary, employment and other benefits of and Liabilities relating to the employment of persons employed by such Provider. In performing their respective duties hereunder, all such employees and
representatives of any Provider shall be under the direction, control and supervision of such Provider, and such Provider shall have the sole right to exercise all authority with respect to the employment (including termination of employment),
assignment and compensation of such employees and representatives. 
 Section 7.06 No Agency. Nothing in this Agreement shall be
deemed in any way or for any purpose to constitute any Party or its Affiliates acting as an agent of another unaffiliated Person in the conduct of such other Person’s business. A Provider of any Service or access to any Facility hereunder shall
act as an independent contractor and not as the agent of the Recipient or its Affiliates in performing such Service or providing access to such Facility. 

Section 7.07 Data Processing. The provisions of the Addenda attached hereto as Exhibit A and Exhibit B, as
applicable, shall govern the Processing of the Personal Data of the other Party in connection with the provision of Services hereunder. 

ARTICLE VIII 

MISCELLANEOUS 

Section 8.01 Treatment of Confidential Information. 

(a) The provisions of Section 6.5 of the Separation Agreement shall govern the treatment of Confidential Information hereunder. 

  
 14 

 (b) Each Party shall comply with all applicable state, federal and foreign privacy and data
protection Laws that are or that may in the future be applicable to the provision of Services hereunder. 
 Section 8.02 Entire
Agreement; Construction. This Agreement, including the Exhibits and Schedules shall constitute the entire agreement between the Parties with respect to the subject matter hereof and shall supersede all previous negotiations, commitments, course
of dealings and writings with respect to such subject matter. In the event of any inconsistency between this Agreement and any Schedule hereto, the Schedule shall prevail. In the event of any conflict between this Agreement and the Tax Matters
Agreement, the terms and conditions of the Tax Matters Agreement shall govern. 
 Section 8.03 Counterparts. This Agreement may
be executed in more than one counterpart, all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to each of the Parties. 

Section 8.04 Notices. All notices, requests, claims, demands and other communications under this Agreement shall be in English,
shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by email (followed by delivery of an original via overnight courier service) or by
facsimile with receipt confirmed (followed by delivery of an original via overnight courier service) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance
with this Section 8.04): 
 To Fortive: 

Fortive Corporation 
 6920
Seaway Blvd. 
 Everett, WA 98203 

Attn: General Counsel 

Facsimile: [                ] 

E-mail: [        ] 

To Vontier: 
 Vontier Corporation

 5420 Wade Park Boulevard, Suite 206 

Raleigh, NC 27607 
 Attn:
General Counsel 
 Facsimile: [        ] 

E-mail: [        ] 

Section 8.05 Waivers. Any consent required or permitted to be given by any Party to the other Party under this Agreement shall be
in writing and signed by the Party giving such consent and shall be effective only against such Party (and its Group). No failure to exercise and no delay in exercising, on the part of any Party, any right, remedy, power or privilege hereunder shall
operate as a waiver hereof or thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. 

  
 15 

 Section 8.06 Assignment. This Agreement shall not be assignable, in whole or in
part, directly or indirectly, by any Party hereto without the prior written consent of the other Party (not to be unreasonably withheld or delayed), and any attempt to assign any rights or obligations arising under this Agreement without such
consent shall be void. Notwithstanding the foregoing, this Agreement shall be assignable to (i) an Affiliate of a Party or (ii) a bona fide third party in connection with a merger, reorganization, consolidation or the sale of all or
substantially all the assets of a Party hereto so long as the resulting, surviving or transferee entity assumes all the obligations of the relevant Party hereto by operation of law or pursuant to an agreement in form and substance reasonably
satisfactory to the other Party; provided, however, that in the case of each of the preceding clauses (i) and (ii), no assignment permitted by this Section 8.06 shall release the
assigning Party from Liability for the full performance of its obligations under this Agreement. 
 Section 8.07 Successors and
Assigns. The provisions of this Agreement and the obligations and rights hereunder shall be binding upon, inure to the benefit of and be enforceable by (and against) the Parties and their respective successors and permitted assigns. 

Section 8.08 Payment Terms. Without the consent of the Party receiving any payment under this Agreement specifying otherwise, all
payments to be made by either Fortive or Vontier under this Agreement shall be made in US Dollars. Except as expressly provided herein, any amount which is not expressed in US Dollars shall be converted into US Dollars by using the exchange rate
published on Bloomberg at 5:00 pm Eastern Standard time (EST) on the day before the relevant date or in the Wall Street Journal on such date if not so published on Bloomberg. 

Section 8.09 Subsidiaries . Each of the Parties shall cause to be performed, and hereby guarantees the performance of, all
actions, agreements and obligations set forth herein to be performed by any Subsidiary of such Party or by any entity that becomes a Subsidiary of such Party at and after the Distribution Date, to the extent such Subsidiary remains a Subsidiary of
the applicable Party. 
 Section 8.10 Third Party Beneficiaries. This Agreement is solely for the benefit of the Parties and
should not be deemed to confer upon third parties any remedy, claim, Liability, reimbursement, claim of Action or other right in excess of those existing without reference to this Agreement. 

Section 8.11 Titles and Headings. Titles and headings to Articles and Sections herein are inserted for the convenience of
reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 
 Section 8.12
Exhibits and Schedules. The Exhibits and Schedules shall be construed with and as an integral part of this Agreement to the same extent as if the same had been set forth verbatim herein. 

  
 16 

 Section 8.13 Governing Law. This Agreement and any dispute arising out of, in
connection with or relating to this Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware, without giving effect to the conflicts of laws principles thereof. 

Section 8.14 Dispute Resolution. The provisions of Article VIII of the Separation Agreement shall govern any Dispute under or in
connection with this Agreement. 
 Section 8.15 Severability. In the event any one or more of the provisions contained in this
Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The Parties shall
endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions, the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

Section 8.16 Interpretation. 

(a) The Parties have participated jointly in the negotiation and drafting of this Agreement. This Agreement shall be construed without regard
to any presumption or rule requiring construction or interpretation against the Party drafting or causing any instrument to be drafted. 

(b) When a reference is made in this Agreement to an Article, Section or Exhibit such reference shall be to an Article or Section of, or
Exhibit to, this Agreement unless otherwise indicated. Wherever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”
References to “dollar” or “$” contained herein are to United States Dollars (unless otherwise specified). The words “hereof,” “herein,” “hereto” and “hereunder” and words of similar import,
when used in this Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement. 
 [Signature
page follows] 

  
 17 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date first
written above by their respective duly authorized officers. 
  

			
	FORTIVE CORPORATION
		
	By:	 	
                     

		 	Name:
		 	Title:
	
	VONTIER CORPORATION
		
	By:	 	  

		 	Name:
		 	Title:EX-10.2

 Exhibit 10.2 

FORM OF 
 TAX MATTERS AGREEMENT

 by and between 
 FORTIVE
CORPORATION 
 and 
 VONTIER
CORPORATION 
 Dated as of [●], 2020 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 Article I
	 
	
	 DEFINITIONS
	 
			
	1.1	  	General	  	 	2	 
	
	 Article II
	 
	
	 PAYMENTS AND TAX REFUNDS
	 
			
	2.1	  	U.S. Federal Income Tax Relating to Joint Returns	  	 	8	 
	2.2	  	U.S. Federal Income Tax Relating to Separate Returns	  	 	9	 
	2.3	  	U.S. State Tax Relating to Joint Returns	  	 	9	 
	2.4	  	U.S. State Tax Relating to Separate Returns	  	 	9	 
	2.5	  	Foreign Tax Relating to Joint Returns	  	 	9	 
	2.6	  	Foreign Tax Relating to Separate Returns	  	 	10	 
	2.7	  	Transaction Taxes	  	 	10	 
	2.8	  	Determination of Tax Attributable to the Vontier Business	  	 	10	 
	2.9	  	Allocation of Employment Taxes	  	 	10	 
	2.10	  	Tax Refunds	  	 	11	 
	2.11	  	Tax Benefits	  	 	11	 
	2.12	  	Prior Agreements	  	 	11	 
	 Article III
	 
	
	 PREPARATION AND FILING OF TAX RETURNS
	 
	3.1	  	Fortive’s Responsibility	  	 	11	 
	3.2	  	Vontier’s Responsibility	  	 	12	 
	3.3	  	Right To Review Tax Returns	  	 	12	 
	3.4	  	Cooperation	  	 	12	 
	3.5	  	Tax Reporting Practices	  	 	12	 
	3.6	  	Reporting of Separation	  	 	13	 
	3.7	  	Payment of Taxes.	  	 	13	 
	3.8	  	Amended Returns and Carrybacks	  	 	14	 
	3.9	  	Tax Attributes	  	 	14	 
	
	 Article IV
	 
	
	 TAX-FREE
STATUS OF THE DISTRIBUTION
	 
			
	4.1	  	Representations and Warranties	  	 	14	 
	4.2	  	Restrictions Relating to the Distribution	  	 	15	 

  
 i 

							
	 Article V
	  

	
	 INDEMNITY OBLIGATIONS
	  

			
	 5.1
	 	Indemnity Obligations	  	 	17	 
	 5.2
	 	Indemnification Payments	  	 	17	 
	 5.3
	 	Payment Mechanics	  	 	18	 
	 5.4
	 	Treatment of Payments	  	 	18	 
	
	 Article VI
	  

	
	 TAX CONTESTS
	  

			
	 6.1
	 	Notice	  	 	18	 
	 6.2
	 	Separate Returns	  	 	19	 
	 6.3
	 	Joint Return	  	 	19	 
	 6.4
	 	Obligation of Continued Notice	  	 	19	 
	 6.5
	 	Settlement Rights	  	 	19	 
	
	 Article VII
	  

	
	 COOPERATION
	  

			
	 7.1
	 	General	  	 	20	 
	 7.2
	 	Consistent Treatment	  	 	20	 
	
	 Article VIII
	  

	
	 RETENTION OF RECORDS; ACCESS
	  

			
	 8.1
	 	Retention of Records	  	 	21	 
	 8.2
	 	Access to Tax Records	  	 	21	 
	
	 Article IX
	  

	
	 DISPUTE RESOLUTION
	  

			
	 9.1
	 	Dispute Resolution	  	 	21	 
	
	 Article X
	  

	
	 MISCELLANEOUS PROVISIONS
	  

			
	 10.1
	 	Conflicting Agreements	  	 	22	 
	 10.2
	 	Interest on Late Payments	  	 	22	 
	 10.3
	 	Successors	  	 	22	 
	 10.4
	 	Application to Present and Future Subsidiaries	  	 	22	 
	 10.5
	 	Assignability	  	 	22	 

  
 ii 

							
	 10.6
	 	 No Fiduciary Relationship
	  	 	22	 
	 10.7
	 	 Further Assurances
	  	 	23	 
	 10.8
	 	 Survival
	  	 	23	 
	 10.9
	 	 Notices
	  	 	23	 
	 10.10
	 	 Distribution Date
	  	 	24	 

  
 iii 

 TAX MATTERS AGREEMENT 

This TAX MATTERS AGREEMENT (this “Agreement”), is entered into as of [•], 2020 between Fortive Corporation, a Delaware
corporation (“Fortive”), and Vontier Corporation, a Delaware corporation (“Vontier” and, together with Fortive, the “Parties”). Capitalized terms used in this Agreement and not defined herein shall
have the meanings ascribed to such terms in the Separation and Distribution Agreement, dated as of the date hereof, between the Parties (the “Separation Agreement”). 

R E C I T A L S 
 WHEREAS, the
board of directors of Fortive has determined that it is appropriate, desirable and in the best interests of Fortive and its stockholders to separate Fortive’s industrial technologies segment from its other businesses, creating Vontier as a new
subsidiary company to which Fortive will transfer, directly or indirectly, the assets and liability of its industrial technologies segment (the “Separation”) and, following the Separation, to undertake the Distribution; 

WHEREAS, Vontier has been incorporated for these purposes and has not engaged in activities except those incidental to its formation and in
preparation for the Distribution; 
 WHEREAS, Fortive will effect certain restructuring transactions described in the Separation Plan for
the purpose of aggregating the industrial technologies segment in the Vontier Group prior to the Distribution (collectively, the “Reorganization”) and in connection therewith, undertake the Contribution to Vontier which, in exchange
therefor, Vontier shall (i) issue to Fortive shares of Vontier Common Stock and (ii) pay to Fortive the Vontier Contribution Payment; 

WHEREAS, following the Distribution, Fortive may retain up to 19.9% of the outstanding Vontier Common Stock (the “Retained
Stock”) and distribute such Retained Stock to Fortive stockholders as dividends or in exchange for outstanding shares of Fortive common stock (any such distribution, a “Subsequent Distribution”) or transfer such Retained
Stock to Fortive creditors in satisfaction of certain Fortive debt (any such transfer, a “Debt-for-Equity Exchange”) within 12 months of the
Distribution; 
 WHEREAS, Fortive intends to effect the Distribution in a transaction, that, taken together with the Contribution, any
Subsequent Distribution and any Debt-for-Equity Exchange, is intended to qualify as tax-free for U.S. federal income tax purposes
under Sections 368(a)(1)(D), 355 and 361(c) of the Code; 
 WHEREAS, certain members of the Fortive Group, on the one hand, and certain
members of the Vontier Group, on the other hand, file certain Tax Returns on a consolidated, combined or unitary basis for certain federal, state, local and foreign Tax purposes; and 

WHEREAS, the Parties desire to (a) provide for the payment of Tax liabilities and entitlement to refunds thereof, allocate responsibility
for, and cooperation in, the filing of Tax Returns, and provide for certain other matters relating to Taxes and (b) set forth certain covenants and indemnities relating to the preservation of the tax-free
status of the Transactions. 

  
 -1- 

 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants
contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

ARTICLE I 
 DEFINITIONS 

1.1 General. As used in this Agreement, the following terms shall have the following meanings: 

“Adjustment” shall mean an adjustment of any item of income, gain, loss, deduction, credit or any other item affecting Taxes
of a taxpayer pursuant to a Final Determination. 
 “Affiliate” shall mean, with respect to a Person, any other Person that
directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, the specified Person. For this purpose, “control” of a Person means the possession, directly or indirectly, of the
power to direct or cause the direction of the management or policies of such Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” shall have the meaning set forth in the preamble hereto. 

“Ancillary Agreement” shall have the meaning set forth in the Separation Agreement. 

“Business Day” shall have the meaning set forth in the Separation Agreement. 

“Controlling Party” shall mean, with respect to a Tax Contest, the Party entitled to control such Tax Contest pursuant to
Sections 6.2 and 6.3 of this Agreement. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended.

 “Contribution” shall have the meaning set forth in the Separation Agreement. 

“Debt-for-Equity Exchange” shall have the
meaning set forth in the preamble hereto. 
 “Distribution” shall have the meaning set forth in the Separation Agreement.

 “Distribution Date” shall have the meaning set forth in the Separation Agreement. 

“Distribution Taxes” means any Taxes incurred solely as a result of the failure of the Transactions to qualify for the Tax-Free Status of the Transactions. 
 “Effective Time” shall have the meaning set forth
in the Separation Agreement. 
 “Employee Matters Agreement” shall have the meaning set forth in the Separation Agreement.

  
 -2- 

 “Employment Tax” shall mean those Liabilities (as defined in the Separation
Agreement) for Taxes which are allocable pursuant to the provisions of the Employee Matters Agreement. 
 “Federal Income
Tax” shall mean any Tax imposed by Subtitle A of the Code other than an Employment Tax, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“Final Determination” shall mean the final resolution of liability for any Tax for any taxable period, by or as a result of
(a) a final decision, judgment, decree or other order by any court of competent jurisdiction that can no longer be appealed, (b) a final settlement with the IRS, a closing agreement or accepted offer in compromise under Sections 7121 or
7122 of the Code, or a comparable agreement under the Laws of other jurisdictions, which resolves the entire Tax liability for any taxable period, (c) any allowance of a refund or credit in respect of an overpayment of Tax, but only after the
expiration of all periods during which such refund or credit may be recovered by the jurisdiction imposing the Tax, or (d) any other final resolution, including by reason of the expiration of the applicable statute of limitations or the
execution of a pre-filing agreement with the IRS or other Taxing Authority. 
 “Foreign
Tax” shall mean any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, and any interest, penalties, additions to tax, or additional
amounts in respect of the foregoing. 
 “Fortive” shall have the meaning set forth in the preamble hereto. 

“Fortive Affiliated Group” shall mean an affiliated group (as that term is defined in Section 1504 of the Code and the
regulations thereunder) of which a member of the Fortive Group is a member. 
 “Fortive Common Stock” shall have the
meaning set forth in the Separation Agreement. 
 “Fortive Federal Consolidated Income Tax Return” shall mean any U.S.
federal income Tax Return for a Fortive Affiliated Group. 
 “Fortive Group” shall have the meaning set forth in the
Separation Agreement. 
 “Fortive Retained Business” shall have the meaning set forth in the Separation Agreement. 

“Fortive Separate Return” shall mean any Tax Return of or including any member of the Fortive Group (including any
consolidated, combined, or unitary return) that does not include any member of the Vontier Group. 
 “Group” shall mean
either the Fortive Group or the Vontier Group, as the context requires. 
 “Indemnifying Party” shall have the meaning set
forth in Section 5.2. 

  
 -3- 

 “Indemnitee” shall have the meaning set forth in
Section 5.2. 
 “IRS” shall mean the United States Internal Revenue Service or any successor
thereto, including, but not limited to its agents, representatives, and attorneys. 
 “IRS Ruling” means any U.S. federal
income Tax ruling and any supplements thereto, issued to Fortive by the IRS in connection with the Transactions. 
 “IRS Ruling
Request” means the letter filed by Fortive with the IRS requesting a ruling regarding certain tax consequences of the Transactions and any amendment or supplement to such ruling request letter. 

“Joint Return” shall mean any Tax Return that includes, by election or otherwise, one or more members of the Fortive Group
together with one or more members of the Vontier Group. 
 “Law” shall have the meaning set forth in the Separation
Agreement. 
 “Non-Controlling Party” shall mean, with respect to a Tax Contest,
the Party that is not entitled to control such Tax Contest pursuant to Sections 6.2 and 6.3 of this Agreement. 

“Parties” shall mean the parties to this Agreement. 

“Past Practices” shall have the meaning set forth in Section 3.5. 

“Person” shall have the meaning set forth in the Separation Agreement. 

“Post-Distribution Period” shall mean any taxable period (or portion thereof) beginning after the Distribution Date,
including for the avoidance of doubt, the portion of any Straddle Period with respect to the Distribution Date beginning after the Distribution Date. 

“Pre-Distribution Period” shall mean any taxable period (or portion thereof) ending
on or before the Distribution Date, including for the avoidance of doubt, the portion of any Straddle Period with respect to the Distribution Date ending at the end of the day on the Distribution Date. 

“Prohibited Acts” shall have the meaning set forth in Section 4.2. 

“Proposed Acquisition Transaction” shall mean a transaction or series of transactions (or any agreement, understanding or
arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulation Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of
transactions), whether such transaction is supported by Vontier management or shareholders, is a hostile acquisition, or otherwise, as a result of which Vontier (or any successor thereto) would merge or consolidate with any other Person or as a
result of which one or more Persons would (directly or indirectly) acquire, or have the right to acquire, from Vontier (or any successor thereto) and/or one or more holders of Vontier Common Stock, respectively, any amount of stock of Vontier, that
would, when combined with any other direct or indirect changes in ownership of the stock of Vontier pertinent for purposes of Section 355(e) of the Code and the Treasury Regulations promulgated thereunder, comprise fifty percent (50%) or more
of (i) the value of all outstanding shares of Vontier as of the date of such 

  
 -4- 

 
transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (ii) the total combined voting power of all outstanding shares of voting stock of
Vontier as of the date of the such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by
Vontier of a shareholder rights plan or (ii) issuances by Vontier that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement
plan of an employer) of Treasury Regulation Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting
power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor
compliance with Section 355(e) of the Code and the Treasury Regulations promulgated thereunder and shall be interpreted accordingly. Any clarification of, or change in, the statute or regulations promulgated under Section 355(e) of the
Code shall be incorporated in this definition and its interpretation. 
 “Reasonable Basis” shall mean reasonable basis
within the meaning of Section 6662(d)(2)(B)(ii)(II) of the Code and the Treasury Regulations promulgated thereunder (or such other level of confidence required by the Code at that time to avoid the imposition of penalties). 

“Refund” shall mean any refund, reimbursement, offset, credit, or other similar benefit in respect of Taxes (including any
overpayment of Taxes that can be refunded or, alternatively, applied against other Taxes payable), including any interest paid on or with respect to such refund of Taxes; provided, however, that the amount of any refund of Taxes shall
be net of any Taxes imposed by any Taxing Authority on, related to, or attributable to, the receipt of or accrual of such refund, including any Taxes imposed by way of withholding or offset. 

“Reorganization” shall have the meaning set forth in the recitals. 

“Responsible Party” shall mean, with respect to any Tax Return, the Party having responsibility for preparing and filing such
Tax Return pursuant to this Agreement. 
 “Restricted Period” shall mean the period which begins with the Distribution Date
and ends two (2) years thereafter. 
 “Retained Stock” shall have the meaning set forth in the preamble hereto. 

“Separate Return” shall mean a Fortive Separate Return or a Vontier Separate Return, as the case may be. 

“Separation” shall have the meaning set forth in the recitals. 

“Separation Agreement” shall have the meaning set forth in the preamble hereto. 

“Separation Plan” shall mean have the meaning set forth in the Separation Agreement. 

“Straddle Period” shall mean with respect to any date, the taxable year or other taxable period that begins on or before such
date and ends after such date. 

  
 -5- 

 “State Tax” means any Tax imposed by any State of the United States or by
any political subdivision of any such State, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing. 

“Subsequent Distribution” shall have the meaning set forth in the preamble hereto. 

“Subsidiary” shall have the meaning set forth in the Separation Agreement. 

“Tax” or “Taxes” shall mean (i) all taxes, charges, fees, duties, levies, imposts, rates or other
assessments or governmental charges of any kind imposed by any federal, state, local or non-United States Taxing Authority, including, without limitation, income, gross receipts, employment, estimated, excise,
severance, stamp, occupation, premium, windfall profits, environmental, custom duties, property, sales, use, license, capital stock, transfer, franchise, registration, payroll, withholding, social security, unemployment, disability, value added,
alternative or add-on minimum or other taxes, whether disputed or not, and including any interest, penalties, charges or additions attributable thereto, (ii) liability for the payment of any amount of the
type described in clause (i) above arising as a result of being (or having been) a member of any group or being (or having been) included or required to be included in any Tax Return related thereto, and (iii) liability for the payment of
any amount of the type described in clauses (i) or (ii) above as a result of any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person. 

“Tax Attribute” shall mean net operating losses, capital losses, research and experimentation credit carryovers, investment
tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, overall domestic losses, previously taxed earnings and profits, separate limitation losses and any other losses, deductions, credits or other
comparable items that could affect a Tax liability for a past or future taxable period. 
 “Tax Certificates” shall mean
any certificates of officers of Fortive and Vontier, provided to Skadden, Arps, Slate, Meagher & Flom LLP or any other Law or accounting firm in connection with any Tax Opinion issued in connection with the Transactions. 

“Tax Contest” shall have the meaning set forth in Section 6.1. 

“Tax-Free Status of the Transactions” shall mean the qualification of (i) the
Contribution (and Fortive’s receipt of the Vontier Common Stock and Vontier Contribution Payment in connection therewith), the Distribution and any Subsequent Distributions, taken together, as a reorganization described in Sections 368(a)(1)(D)
and 355(a) of the Code, with each of Fortive and Vontier being a party to the reorganization, in which no income or gain is recognized by Fortive, Vontier or the holders of Fortive Common Stock pursuant to Sections 355, 361 and 1032 of the Code,
other than, in the case of Fortive and Vontier, intercompany items or excess loss accounts taken into account pursuant to the Treasury Regulations promulgated pursuant to Section 1502 of the Code, (ii) any Debt-for-Equity Exchange as a transfer of “qualified property” to creditors of Fortive in connection with the reorganization within the meaning of Section 361(c) of the Code and (iii) the
transactions described on Schedule A as being free from Tax to the extent set forth therein. 
 “Tax Item” shall mean any
item of income, gain, loss, deduction, or credit. 

  
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 “Tax Law” shall mean the law of any Taxing Authority or political
subdivision thereof relating to any Tax. 
 “Tax Materials” shall have the meaning set forth in
Section 4.1(a). 
 “Tax Opinion” shall mean any written opinion of Skadden, Arps, Slate,
Meagher & Flom LLP or any other Law or accounting firm, regarding certain tax consequences of certain transactions executed as part of the Transactions. 

“Tax Records” shall have the meaning set forth in Section 8.1. 

“Tax-Related Losses” shall mean with respect to any Taxes, (i) all accounting,
legal and other professional fees, and court costs incurred in connection with such Taxes, as well as any other out-of-pocket costs incurred in connection with such
Taxes; and (ii) all costs, expenses and damages associated with stockholder litigation or controversies and any amount paid by Fortive (or any of its Affiliates) or Vontier (or any of its Affiliates) in respect of the liability of shareholders,
whether paid to shareholders or to the IRS or any other Taxing Authority, in each case, resulting from the failure of the Transactions to qualify for the Tax-Free Status of the Transactions. 

“Tax Return” shall mean any return, report, certificate, form or similar statement or document (including any related
supporting information or schedule attached thereto and any information return, amended tax return, claim for refund or declaration of estimated tax) supplied to or filed with, or required to be supplied to or filed with, a Taxing Authority, or any
bill for or notice related to ad valorem or other similar Taxes received from a Taxing Authority, in each case, in connection with the determination, assessment or collection of any Tax or the administration of any laws, regulations or
administrative requirements relating to any Tax. 
 “Taxing Authority” shall mean any governmental authority or any
subdivision, agency, commission or entity thereof or any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS). 

“Transactions” means the Separation, the Distribution, any Subsequent Distribution, any Debt-for-Equity Exchange and any related transactions. 
 “Transaction Taxes”
shall mean all Taxes (including Taxes imposed on any member of the Fortive Group under Sections 951 or 951A of the Code) imposed on or with respect to the Transactions other than any Taxes resulting from the failure of the Transactions to qualify
for the Tax-Free Status of the Transactions; provided, however, that Transaction Taxes shall not include any amounts for which Vontier has an indemnification obligation pursuant to Article V.

 “Treasury Regulations” shall mean the regulations promulgated from time to time under the Code as in effect for the
relevant tax period. 
 “Unqualified Tax Opinion” shall mean a “will” opinion, without substantive
qualifications, of a nationally recognized Law or accounting firm, to the effect that a transaction will not affect the Tax-Free Status of the Transactions. 

  
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 “Vontier” shall have the meaning set forth in the preamble hereto. 

“Vontier Business” shall have the meaning set forth in the Separation Agreement. 

“Vontier Common Stock” shall have the meaning set forth in the Separation Agreement. 

“Vontier Contribution Payment” shall have the meaning set forth in the Separation Agreement. 

“Vontier Disqualifying Action” means (a) any action (or the failure to take any action) by any member of the Vontier
Group after the Distribution (including entering into any agreement, understanding or arrangement or any negotiations with respect to any transaction or series of transactions), (b) any event (or series of events) after the Distribution involving
the capital stock of Vontier or any assets of any member of the Vontier Group or (c) any breach by any member of the Vontier Group after the Distribution of any representation, warranty or covenant made by them in this Agreement, that, in each
case, would adversely affect the Tax-Free Status of the Transactions; provided, however, that the term “Vontier Disqualifying Action” shall not include any action entered into pursuant to any
Ancillary Agreement (other than this Agreement) or that is undertaken pursuant to the Separation or the Distribution. 
 “Vontier
Group” shall have the meaning set forth in the Separation Agreement. 
 “Vontier Separate Return” shall mean any
Tax Return of or including any member of the Vontier Group (including any consolidated, combined, or unitary return) that does not include any member of the Fortive Group. 

ARTICLE II 
 PAYMENTS AND TAX
REFUNDS 
 2.1 U.S. Federal Income Tax Relating to Joint Returns. 

(a) Fortive shall pay and be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Joint
Return (including any increase in such Tax as a result of a Final Determination) for all Pre-Distribution Periods. 

(b) Vontier shall pay and be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Joint
Return (including any increase in such Tax as a result of a Final Determination) which Taxes are attributable to the Vontier Business for all Post-Distribution Periods. 

(c) Fortive shall pay and be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Joint
Return (including any increase in such Tax as a result of a Final Determination) other than those Federal Income Taxes described in Section 2.1(b) for all Post-Distribution Periods. 

  
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 2.2 U.S. Federal Income Tax Relating to Separate Returns. 

(a) Fortive shall pay and be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Fortive
Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax periods. 
 (b) Vontier shall pay and
be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any Vontier Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax periods. 

2.3 U.S. State Tax Relating to Joint Returns. 

(a) Fortive shall pay and be responsible for any and all State Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) for all Pre-Distribution Periods. 

(b) Vontier shall pay and be responsible for any and all State Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) which Taxes are attributable to the Vontier Business for all Post-Distribution Periods. 

(c) Fortive shall pay and be responsible for any and all State Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) other than those State Taxes described in Section 2.3(b) for all Post-Distribution Periods. 

2.4 U.S. State Tax Relating to Separate Returns. 

(a) Fortive shall pay and be responsible for any and all State Taxes due with respect to or required to be reported on any Fortive Separate
Return (including any increase in such Tax as a result of a Final Determination) for all Tax periods. 
 (b) Vontier shall pay and be
responsible for any and all State Taxes due with respect to or required to be reported on any Vontier Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax periods. 

2.5 Foreign Tax Relating to Joint Returns. 

(a) Fortive shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) for all Pre-Distribution Periods. 

(b) Vontier shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) which Taxes are attributable to the Vontier Business for all Post-Distribution Periods. 

(c) Fortive shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be reported on any Joint Return
(including any increase in such Tax as a result of a Final Determination) other than those Foreign Taxes described in Section 2.5(b) for all Post-Distribution Periods. 

  
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 2.6 Foreign Tax Relating to Separate Returns. 

(a) Fortive shall pay and be responsible for any and all Foreign Taxes due with respect to or required to be reported on any Fortive Separate
Return (including any increase in such Tax as a result of a Final Determination) for all Tax periods. 
 (b) Vontier shall pay and be
responsible for any and all Foreign Taxes due with respect to or required to be reported on any Vontier Separate Return (including any increase in such Tax as a result of a Final Determination) for all Tax periods. 

2.7 Transaction Taxes. Notwithstanding the provisions set forth in Sections 2.1, 2.2, 2.3, 2.4, 2.5
and 2.6, Fortive and Vontier each shall pay and be responsible for fifty percent (50%) of any Transaction Taxes, as reasonably determined by Fortive. 

2.8 Determination of Tax Attributable to the Vontier Business. 

(a) For purposes of Section 2.1(b), the amount of Federal Income Taxes attributable to the Vontier Business shall be
reasonably determined by Fortive on a pro forma Vontier Group consolidated return prepared: 
 (i) including only Tax Items
of members of the Vontier Group that were included in the relevant Fortive Federal Consolidated Income Tax Return; 
 (ii)
except as provided in Section 2.8(a)(iv) hereof, using all elections, accounting methods and conventions used on the relevant Fortive Federal Consolidated Income Tax Return for such period; 

(iii) applying the highest statutory marginal corporate income Tax rate in effect for such taxable period; and 

(iv) assuming that the Vontier Group elects not to carry back any net operating losses. 

(b) The amount of State Taxes and Foreign Taxes shall be as reasonably determined by Fortive in a manner consistent with the principles of
Section 2.8(a), to the extent relevant. 
 2.9 Allocation of Employment Taxes. Liability for Employment
Taxes shall be determined pursuant to the Employee Matters Agreement. 

  
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 2.10 Tax Refunds. 

(a) Fortive shall be entitled to all Refunds related to Taxes the liability for which is allocated to Fortive pursuant to this Agreement.
Vontier shall be entitled to all Refunds related to Taxes the liability for which is allocated to Vontier pursuant to this Agreement. 
 (b)
Vontier shall pay to Fortive any Refund received by Vontier or any member of the Vontier Group that is allocable to Fortive pursuant to this Section 2.10 no later than five (5) Business Days after the receipt of such
Refund. Fortive shall pay to Vontier any Refund received by Fortive or any member of the Fortive Group that is allocable to Vontier pursuant to this Section 2.10 no later than five (5) Business Days after the receipt
of such Refund. For purposes of this Section 2.10, any Refund that arises as a result of an offset, credit, or other similar benefit in respect of Taxes other than a receipt of cash shall be deemed to be received on the
earlier of (i) the date on which a Tax Return is filed claiming such offset, credit, or other similar benefit and (ii) the date on which payment of the Tax which would have otherwise been paid absent such offset, credit, or other similar
benefit is due (determined without taking into account any applicable extensions). 
 2.11 Tax Benefits. If Fortive determines, in its
reasonable discretion, that: (i) one Party is responsible for a Tax pursuant to this Agreement or under applicable Law and (ii) the other Party is entitled to a deduction, credit or other Tax benefit relating to such Tax, then the Party
entitled to such deduction, credit or other Tax benefit shall pay to the Party responsible for such Tax the amount of the Tax benefit arising from such deduction, credit or other Tax benefit, as determined by Fortive in its good faith discretion.

 2.12 Prior Agreements. Except as set forth in this Agreement and in consideration of the mutual indemnities and other obligations
of this Agreement, any and all prior Tax sharing or allocation agreements or practices between any member of the Fortive Group and any member of the Vontier Group shall be terminated with respect to the Vontier Group and the Fortive Group as of the
Distribution Date. No member of either the Vontier Group or the Fortive Group shall have any continuing rights or obligations under any such agreement. 

ARTICLE III 
 PREPARATION AND
FILING OF TAX RETURNS 
 3.1 Fortive’s Responsibility. Fortive shall prepare and file when due (taking into
account any applicable extensions), or shall cause to be prepared and filed, all Joint Returns, all Tax Returns pursuant to which there is a claim to group relief by one or more members of the Vontier Group in respect of losses generated by one or
more members of the Fortive Group, and all Fortive Separate Returns, including any amendments to such Tax Returns. Notwithstanding the foregoing, with respect to any Joint Return, to the extent that any expenses related to a previously filed Joint
Return for similar Taxes were customarily paid by a member of the Vontier Group, as determined by Fortive in its discretion, then any similar expenses shall be borne by Vontier, including, for the avoidance of doubt, any expenses related to the
preparation of transfer pricing documentation. 

  
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 3.2 Vontier’s Responsibility. Vontier shall prepare and
file when due (taking into account any applicable extensions), or shall cause to be prepared and filed, all Tax Returns, including any amended Tax Returns, required to be filed by or with respect to members of the Vontier Group other than those Tax
Returns which Fortive is required to prepare and file under Section 3.1. The Tax Returns required to be prepared and filed by Vontier under this Section 3.2 shall include any Vontier Separate
Returns and any amended Vontier Separate Returns. For the avoidance of doubt, Vontier shall prepare any transfer pricing documentation required to be prepared with respect to a Tax Return required to be prepared and filed under this Section 3.2
and Fortive shall be entitled to review and comment on any such transfer pricing documentation in a manner consistent with Section 3.3. 

3.3 Right To Review Tax Returns. To the extent that the positions taken on any Tax Return would reasonably be expected to materially
adversely affect the Tax position of the Party other than the Party that is required to prepare and file any such Tax Return pursuant to Section 3.1 or 3.2 (the “Reviewing Party”), the Party required
to prepare and file such Tax Return (the “Preparing Party”) shall prepare the portions of such Tax Return that relates to the business of the Reviewing Party (the Fortive Retained Business or the Vontier Business, as the case may
be), shall provide a draft of such portion of such Tax Return to the Reviewing Party for its review and comment at least thirty (30) days prior to the due date for such Tax Return, and shall modify such portion of such Tax Return before filing
to include the Reviewing Party’s reasonable comments. 
 3.4 Cooperation. The Parties shall provide, and shall cause their
Affiliates to provide, assistance and cooperation to one another in accordance with Article VII with respect to the preparation and filing of Tax Returns, including providing information required to be provided under Article VIII.
Notwithstanding anything to the contrary in this Agreement, Fortive shall not be required to disclose to Vontier any consolidated, combined, unitary, or other similar Joint Return of which a member of the Fortive Group is the common parent or any
information related to such a Joint Return other than information relating solely to the Vontier Group; provided, that Fortive shall provide such additional information that is reasonably required in order for Vontier to determine the
Taxes attributable to the Vontier Business. If an amended Separate Return for State Taxes for which Vontier is responsible under this Article III is required to be filed as a result of an amendment made to a Joint Return for Federal Income
Tax pursuant to an audit adjustment, then the Parties shall cooperate to ensure that such amended Separate Return can be prepared and filed in a manner that preserves confidential information including through the use of third party preparers. 

3.5 Tax Reporting Practices. Except as provided in Section 3.6, with respect to any Tax Return for any
taxable period that begins on or before the second anniversary of the Distribution Date with respect to which Vontier is the Responsible Party, such Tax Return shall be prepared in a manner (i) consistent with past practices, accounting
methods, elections and conventions (“Past Practices”) used with respect to the Tax Returns in question (unless there is no Reasonable Basis for the use of such Past Practices), and to the extent any items are not covered by Past
Practices (or in the event that there is no Reasonable Basis for the use of such Past Practices), in accordance with reasonable Tax accounting practices selected by Vontier; and (ii) that, to the extent consistent with clause (i), minimizes the
overall amount of Taxes due and payable on such Tax Return for all of the Parties by cooperating in making such elections or applications for group or other relief or allowances available in the taxing jurisdiction in which such Tax Return is filed.
Vontier shall not take any action inconsistent with the assumptions made (including with respect to any Tax Item) in determining all estimated or advance payments of Taxes on or prior to the Distribution Date. In addition, Vontier shall not be
permitted, and shall not permit any member of the Vontier Group, without Fortive’s prior written consent, to make a change in any of its methods of accounting for Tax purposes until all applicable statutes of limitations for all Pre-Distribution Periods have expired. 

  
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 3.6 Reporting of Separation. The Tax treatment of any step in or portion of the
Transactions shall be reported on each applicable Tax Return consistently with the Tax-Free Status of the Transactions, taking into account the jurisdiction in which such Tax Returns are filed, unless there is
no Reasonable Basis for such Tax treatment. In the event that a Party shall determine that there is no Reasonable Basis for such Tax treatment, such Party shall notify the other Party no later than twenty (20) Business Days prior to filing the
relevant Tax Return and the Parties shall attempt in good faith to agree on the manner in which the relevant portion of the Transactions shall be reported. If Fortive determines, in its sole discretion, that a protective election under
Section 336(e) of the Code shall be made with respect to the Distribution, Vontier agrees to take any such action that is necessary to effect such election, including any corresponding election with respect to any of its Subsidiaries, as
determined by Fortive. If such a protective election is made, this Agreement shall be amended in such a manner as is determined by Fortive in its good faith discretion to compensate Fortive for any Tax benefits realized by Vontier as a result of
such election. 
 3.7 Payment of Taxes.  

(a) With respect to any Tax Return required to be filed pursuant to this Agreement, the Responsible Party shall remit or cause to be remitted
to the applicable Taxing Authority in a timely manner any Taxes due in respect of any such Tax Return. 
 (b) In the case of any Tax Return
for which the Party that is not the Responsible Party is obligated pursuant to this Agreement to pay all or a portion of the Taxes reported as due on such Tax Return, the Responsible Party shall notify the other Party, in writing, of its obligation
to pay such Taxes and, in reasonably sufficient detail, its calculation of the amount due by such other Party and the Party receiving such notice shall pay such amount to the Responsible Party upon the later of five (5) Business Days prior to
the date on which such payment is due and fifteen (15) Business Days after the receipt of such notice. 
 (c) With respect to any
estimated Taxes, the Party that is or will be the Responsible Party with respect to any Tax Return that will reflect (or otherwise give credit for) such estimated Taxes shall remit or cause to be remitted to the applicable Taxing Authority in a
timely manner any estimated Taxes due. In the case of any estimated Taxes for which the Party that is not the Responsible Party is obligated pursuant to this Agreement to pay all or a portion of the Taxes that will be reported as due on any Tax
Return that will reflect (or otherwise give credit for) such estimated Taxes, the Responsible Party shall notify the other Party, in writing, of its obligation to pay such estimated Taxes and, in reasonably sufficient detail, its calculation of the
amount due by such other Party and the Party receiving such notice shall pay such amount to the Responsible Party upon the later of five (5) Business Days prior to the date on which such payment is due and fifteen (15) Business Days after
the receipt of such notice. 

  
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 3.8 Amended Returns and Carrybacks. 

(a) Vontier shall not, and shall not permit any member of the Vontier Group to, file or allow to be filed any request for an Adjustment for
any Pre-Distribution Period without the prior written consent of Fortive, such consent to be exercised in Fortive’s sole discretion. 

(b) Vontier shall, and shall cause each member of the Vontier Group to, make any available elections to waive the right to carry back any Tax
Attribute from a Post-Distribution Period to a Pre-Distribution Period. 

(c) Vontier shall not, and shall cause each member of the Vontier Group not to, without the prior written consent of Fortive, make any
affirmative election to carry back any Tax Attribute from a Post-Distribution Period to a Pre-Distribution Period, such consent to be exercised in Fortive’s sole discretion. 

(d) Receipt of consent by Vontier or a member of the Vontier Group from Fortive pursuant to the provisions of this
Section 3.8 shall not limit or modify Vontier’s continuing indemnification obligation pursuant to Article V. 

3.9 Tax Attributes. Fortive shall in good faith advise Vontier in writing of the amount (if any) of any Tax Attributes, which Fortive
determines, in its good faith discretion, shall be allocated or apportioned to the Vontier Group under applicable Law. Vontier and all members of the Vontier Group shall prepare all Tax Returns in accordance with such written notice. Vontier agrees
that it shall not dispute Fortive’s determination of Tax Attributes. For the avoidance of doubt, Fortive shall not be required in order to comply with this Section 3.9 to create or cause to be created any books and
records or reports or other documents based thereon (including, without limitation, “earnings & profits studies,” “basis studies” or similar determinations) that it does not maintain or prepare in the ordinary course of
business. 
 ARTICLE IV 
 TAX-FREE STATUS OF THE DISTRIBUTION 
 4.1 Representations and Warranties. 

(a) Fortive, on behalf of itself and all other members of the Fortive Group, hereby represents and warrants that (i) it has examined the
IRS Ruling Request, the Tax Opinion, the Tax Certificates and any other materials delivered or deliverable in connection with the issuance of any IRS Ruling and the rendering of the Tax Opinion, in each case, as they exist as of the date hereof
(collectively, the “Tax Materials”) and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to Fortive or any member of the Fortive Group or the Fortive Retained
Business, were, at the time presented or represented and from such time until and including the Distribution Date, true, correct, and complete in all material respects. Fortive, on behalf of itself and all other members of the Fortive Group, hereby
confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to Fortive or any member of the Fortive Group or the Fortive Retained Business. 

  
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 (b) Vontier, on behalf of itself and all other members of the Vontier Group, hereby
represents and warrants that (i) it has examined the Tax Materials and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to Vontier or any member of the Vontier Group or the
Vontier Business, were or will be, at the time presented or represented and from such time until and including the Distribution Date, true, correct, and complete in all material respects. Vontier, on behalf of itself and all other members of the
Vontier Group, hereby confirms and agrees to comply with any and all covenants and agreements in the Tax Materials applicable to Vontier or any member of the Vontier Group or the Vontier Business. 

(c) Each of Fortive, on behalf of itself and all other members of the Fortive Group, and Vontier, on behalf of itself and all other members of
the Vontier Group, represents and warrants that it knows of no fact (after due inquiry) that may cause the Tax treatment of the Transactions to be other than the Tax-Free Status of the Transactions. 

(d) Each of Fortive, on behalf of itself and all other members of the Fortive Group, and Vontier, on behalf of itself and all other members of
the Vontier Group represents and warrants that it has no plan or intent to take any action which is inconsistent with any statements or representations made in the Tax Materials. 

4.2 Restrictions Relating to the Distribution. 

(a) Vontier, on behalf of itself and all other members of the Vontier Group, hereby covenants and agrees that no member of the Vontier Group
will take, fail to take, or permit to be taken: (i) any action where such action or failure to act would be inconsistent with or cause to be untrue any statement, information, covenant or representation in the Tax Materials or (ii) any
action which constitutes a Vontier Disqualifying Action. 
 (b) During the Restricted Period, Vontier: 

(i) shall continue and cause to be continued the active conduct of the Vontier Business for purposes of Section 355(b)(2)
of the Code, taking into account Section 355(b)(3) of the Code, as conducted immediately prior to the Distribution, 

(ii) shall not voluntarily dissolve or liquidate itself or any of its Affiliates (including any action that is a liquidation
for U.S. federal income tax purposes), 
 (iii) shall not (1) enter into any Proposed Acquisition Transaction or, to the
extent Vontier has the right to prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur, (2) redeem or otherwise repurchase (directly or through an Affiliate) any stock, or rights to acquire stock
except to the extent such repurchases satisfy Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by Revenue Procedure 2003-48), (3) amend its certificate of incorporation (or other organizational documents), or take any other action, whether through a stockholder vote or otherwise, affecting the relative voting rights of its
capital stock (including through the conversion of any capital stock into another class of capital stock), (4) merge or consolidate with any other 

  
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Person or (5) take any other action or actions (including any action or transaction that would be reasonably likely to be inconsistent with any representation made in the Tax Materials)
which in the aggregate would, when combined with any other direct or indirect changes in ownership of Vontier capital stock pertinent for purposes of Section 355(e) of the Code, have the effect of causing or permitting one or more Persons
(whether or not acting in concert) to acquire directly or indirectly stock representing a fifty percent (50%) or greater interest in Vontier or would reasonably be expected to result in a failure to preserve the
Tax-Free Status of the Transactions; and 
 (iv) shall not and shall not permit any
member of the Vontier Group, to sell, transfer, or otherwise dispose of or agree to, sell, transfer or otherwise dispose (including in any transaction treated for U.S. federal income tax purposes as a sale, transfer or disposition) of assets
(including, any shares of capital stock of a Subsidiary) that, in the aggregate, constitute more than twenty (20%) of the consolidated gross assets of Vontier or the Vontier Group. The foregoing sentence shall not apply to (1) sales, transfers,
or dispositions of assets in the ordinary course of business, (2) any cash paid to acquire assets from an unrelated Person in an arm’s-length transaction, (3) any assets transferred to a Person
that is disregarded as an entity separate from the transferor for U.S. federal income tax purposes or (4) any mandatory or optional repayment (or pre-payment) of any indebtedness of Vontier or any member
of the Vontier Group. The percentages of gross assets or consolidated gross assets of Vontier or the Vontier Group, as the case may be, sold, transferred, or otherwise disposed of, shall be based on the fair market value of the gross assets of
Vontier and the members of the Vontier Group as of the Distribution Date. For purposes of this Section 4.2(b)(iv), a merger of Vontier or one of its Subsidiaries with and into any Person that is not a wholly owned
Subsidiary of Vontier shall constitute a disposition of all of the assets of Vontier or such Subsidiary. 
 (c) Notwithstanding the
restrictions imposed by Section 4.2(a) and (b), Vontier or a member of the Vontier Group may take any of the actions or transactions described therein if Vontier either (i) obtains an Unqualified Tax Opinion in
form and substance reasonably satisfactory to Fortive or (ii) obtains the prior written consent of Fortive waiving the requirement that Vontier obtain an Unqualified Tax Opinion, such waiver to be provided in Fortive’s sole and absolute
discretion. Fortive’s evaluation of an Unqualified Tax Opinion may consider, among other factors, the appropriateness of any underlying assumptions, representations, and covenants made in connection with such opinion. Vontier shall bear all
costs and expenses of securing any such Unqualified Tax Opinion and shall reimburse Fortive for all reasonable out-of-pocket expenses that Fortive or any of its
Affiliates may incur in good faith in seeking to obtain or evaluate any such Unqualified Tax Opinion. Neither the delivery of an Unqualified Tax Opinion nor Fortive’s waiver of Vontier’s obligation to deliver an Unqualified Tax Opinion
shall limit or modify Vontier’s continuing indemnification obligation pursuant to Article V. 

  
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 ARTICLE V 

INDEMNITY OBLIGATIONS 
 5.1
Indemnity Obligations. 
 (a) Fortive shall indemnify and hold harmless Vontier from and against, and will reimburse Vontier for,
(i) all liability for Taxes allocated to Fortive pursuant to Article II, (ii) all Taxes and Tax-Related Losses arising out of, based upon, or relating or attributable to any breach of or
inaccuracy in, or failure to perform, as applicable, any representation, covenant, or obligation of any member of the Fortive Group pursuant to this Agreement and (iii) the amount of any Refund received by any member of the Fortive Group that
is allocated to Vontier pursuant to Section 2.10(a). 
 (b) Without regard to whether an Unqualified Tax Opinion
may have been provided or whether any action is permitted or consented to hereunder and notwithstanding anything else to the contrary contained herein, Vontier shall indemnify and hold harmless Fortive from and against, and will reimburse Fortive
for, (i) all liability for Taxes allocated to Vontier pursuant to Article II, (ii) all Taxes and Tax-Related Losses arising out of, based upon, or relating or attributable to any breach of or
inaccuracy in, or failure to perform, as applicable, any representation, covenant, or obligation of any member of the Vontier Group pursuant to this Agreement, (iii) the amount of any Refund received by any member of the Vontier Group that is
allocated to Fortive pursuant to Section 2.10(a), (iv) any Distribution Taxes and Tax-Related Losses attributable to a Vontier Disqualifying Action (regardless of whether the
conditions set forth in Section 4.2(c) are satisfied) and (v) any Taxes incurred by one or more members of the Fortive Group arising from or attributable to the disallowance of losses generated by one or more members
of the Vontier Group in respect of which one or more members of the Fortive Group has made a claim to group relief. 
 (c) To the extent that
any Tax or Tax-Related Loss is subject to indemnity pursuant to both Sections 5.1(a) and 5.1(b), responsibility for such Tax or Tax-Related Loss shall be
shared by Fortive and Vontier according to relative fault as determined by Fortive in its good faith discretion. 
 5.2 Indemnification
Payments. 
 (a) Except as otherwise provided in this Agreement, if either Party (the “Indemnitee”) is required to pay
to a Taxing Authority a Tax or to another Person a payment in respect of a Tax that the other Party (the “Indemnifying Party”) is liable for under this Agreement, including as the result of a Final Determination, the Indemnitee
shall notify the Indemnifying Party, in writing, of its obligation to pay such Tax and, in reasonably sufficient detail, its calculation of the amount due by such Indemnifying Party to the Indemnitee, including any
Tax-Related Losses attributable thereto. The Indemnifying Party shall pay such amount, including any Tax-Related Losses attributable thereto, to the Indemnitee no later
than the later of (i) five (5) Business Days prior to the date on which such payment is due to the applicable Taxing Authority or (ii) fifteen (15) Business Days after the receipt of notice from the other Party. 

  
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 (b) If, as a result of any change or redetermination, any amount previously allocated to and
borne by one Party pursuant to the provisions of Article II is thereafter allocated to the other Party, then, no later than five (5) Business Days after such change or redetermination, such other Party shall pay to such Party the amount
previously borne by such Party which is allocated to such other Party as a result of such change or redetermination. 
 5.3 Payment
Mechanics. 
 (a) All payments under this Agreement shall be made by Fortive directly to Vontier and by Vontier directly to Fortive;
provided, however, that if the Parties mutually agree with respect to any such indemnification payment, any member of the Fortive Group, on the one hand, may make such indemnification payment to any member of the Vontier Group, on the
other hand, and vice versa. All indemnification payments shall be treated in the manner described in Section 5.4. 

(b) In the case of any payment of Taxes made by a Responsible Party or Indemnitee pursuant to this Agreement for which such Responsible Party
or Indemnitee, as the case may be, has received a payment from the other Party, such Responsible Party or Indemnitee shall provide to the other Party a copy of any official government receipt received with respect to the payment of such Taxes to the
applicable Taxing Authority (or, if no such official governmental receipts are available, executed bank payment forms or other reasonable evidence of payment). 

5.4 Treatment of Payments. The Parties agree that any payment made among the Parties pursuant to this Agreement shall be treated, to the
extent permitted by Law, for all U.S. federal income tax purposes as either (i) a non-taxable contribution by Fortive to Vontier or (ii) a distribution by Vontier to Fortive, and, with respect to any
payment made among the Parties pursuant to this Agreement after the Distribution, such payment shall be treated as having been made immediately prior to the Distribution. Notwithstanding the foregoing, Fortive shall notify Vontier if it determines
that any payment made pursuant to this Agreement is to be treated, for any Tax purposes, as a payment made by one Party acting as an agent of one of such Party’s Subsidiaries to the other Party acting as an agent of one of such other
Party’s Subsidiaries, and the Parties agree to treat any such payment accordingly. 
 ARTICLE VI 

TAX CONTESTS 
 6.1
Notice. Each Party shall notify the other Party in writing within ten (10) days after receipt by such Party or any member of its Group of a written communication from any Taxing Authority with respect to any pending or threatened
audit, claim, dispute, suit, action, proposed assessment or other proceeding (a “Tax Contest”) concerning any Taxes for which the other Party may be liable pursuant to this Agreement, and thereafter shall promptly forward or make
available to such Party copies of notices and communications relating to such Tax Contest. 

  
 -18- 

 6.2 Separate Returns. In the case of any Tax Contest with respect to any Separate
Return, the Party having the liability for the Tax pursuant to Article II hereof shall have the sole responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the
applicable Taxing Authority and to control, resolve, settle, or agree to any deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a result of such Tax Contest. 

6.3 Joint Return. In the case of any Tax Contest with respect to any Joint Return, Fortive shall have the sole responsibility and right
to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the applicable Taxing Authority and to control, resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted, or
assessed in connection with or as a result of such Tax Contest. Notwithstanding the foregoing, to the extent a portion of any such Tax Contest with respect to a Joint Return with respect to Foreign Taxes relates to a matter which was customarily
controlled by a member of the Vontier Group, as determined by Fortive in its sole discretion, then Fortive may elect that Vontier shall be responsible for conduct of such portion of such Tax Contest and any expenses related thereto, including
expenses relating to supporting transfer pricing analysis. 
 6.4 Obligation of Continued Notice. During the pendency of any Tax
Contest or threatened Tax Contest, each of the Parties shall provide prompt notice to the other Party of any written communication received by it or a member of its respective Group from a Taxing Authority regarding any Tax Contest for which it is
indemnified by the other Party hereunder or for which it may be required to indemnify the other Party hereunder. Such notice shall attach copies of the pertinent portion of any written communication from a Taxing Authority and contain factual
information (to the extent known) describing any asserted Tax liability in reasonable detail and shall be accompanied by copies of any notice and other documents received from any Taxing Authority in respect of any such matters. Such notice shall be
provided in a reasonably timely fashion; provided, however, that in the event that timely notice is not provided, a Party shall be relieved of its obligation to indemnify the other Party only to the extent that such delay results in
actual increased costs or actual prejudice to such other Party. 
 6.5 Settlement Rights. Unless waived by the Parties in writing, in
connection with any potential adjustment in a Tax Contest as a result of which adjustment the Non-Controlling Party may reasonably be expected to become liable to make any indemnification payment to the
Controlling Party under this Agreement: (i) the Controlling Party shall keep the Non-Controlling Party informed in a timely manner of all actions taken or proposed to be taken by the Controlling Party
with respect to such potential adjustment in such Tax Contest; (ii) the Controlling Party shall timely provide the Non-Controlling Party with copies of any correspondence or filings submitted to any Tax
Authority or judicial authority in connection with such potential adjustment in such Tax Contest; and (iii) the Controlling Party shall defend such Tax Contest diligently and in good faith. The failure of the Controlling Party to take any
action specified in the preceding sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability and/or obligation which
it may have to the Controlling Party under this Agreement, and in no event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling
Party. 

  
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 ARTICLE VII 

COOPERATION 
 7.1
General. 
 (a) Each Party shall fully cooperate, and shall cause all members of such Party’s Group to fully cooperate,
with all reasonable requests in writing from the other Party, or from an agent, representative or advisor to such Party, in connection with the preparation and filing of any Tax Return, claims for Refunds, the conduct of any Tax Contest, and
calculations of amounts required to be paid pursuant to this Agreement, in each case, related or attributable to or arising in connection with Taxes of either Party or any member of either Party’s Group covered by this Agreement and the
establishment of any reserve required in connection with any financial reporting (a “Tax Matter”). Such cooperation shall include the provision of any information reasonably necessary or helpful in connection with a Tax Matter and
shall include, without limitation, at each Party’s own cost: 
 (i) the provision of any Tax Returns of either Party or
any member of either Party’s Group, books, records (including information regarding ownership and Tax basis of property), documentation and other information relating to such Tax Returns, including accompanying schedules, related work papers,
and documents relating to rulings or other determinations by Taxing Authorities; 
 (ii) the execution of any document
(including any power of attorney) in connection with any Tax Contest of either Party or any member of either Party’s Group, or the filing of a Tax Return or a Refund claim of either Party or any member of either Party’s Group; 

(iii) the use of the Party’s reasonable best efforts to obtain any documentation in connection with a Tax Matter; and 

(iv) the use of the Party’s reasonable best efforts to obtain any Tax Returns (including accompanying schedules, related
work papers, and documents), documents, books, records or other information in connection with the filing of any Tax Returns of any of either Party or any member of either Party’s Group. 

Each Party shall make its employees and facilities available, without charge, on a mutually convenient basis to facilitate such cooperation.

 7.2 Consistent Treatment. Unless and until there has been a Final Determination to the contrary, each Party agrees not to
take any position on any Tax Return, in connection with any Tax Contest or otherwise that is inconsistent with (a) the treatment of payments between the Fortive Group and the Vontier Group as set forth in Section 5.4,
(b) the Tax Materials or (c) the Tax-Free Status of the Transactions. 

  
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 ARTICLE VIII 

RETENTION OF RECORDS; ACCESS 
 8.1
Retention of Records. For so long as the contents thereof may become material in the administration of any matter under applicable Tax Law, but in any event until the later of (i) sixty (60) days after the expiration of any applicable
statutes of limitation (including any waivers or extensions thereof) and (ii) seven (7) years after the Distribution Date, the Parties shall retain records, documents, accounting data and other information (including computer data) necessary
for the preparation and filing of all Tax Returns (collectively, “Tax Records”) in respect of Taxes of any member of either the Fortive Group or the Vontier Group for any Pre-Distribution
Period or Post-Distribution Period or for any Tax Contests relating to such Tax Returns. At any time after the Distribution Date when the Fortive Group proposes to destroy any Tax Records, Fortive shall first notify Vontier in writing and the
Vontier Group shall be entitled to receive such records or documents proposed to be destroyed. At any time after the Distribution Date when the Vontier Group proposes to destroy any Tax Records, Vontier shall first notify Fortive in writing and the
Fortive Group shall be entitled to receive such records or documents proposed to be destroyed. The Parties will notify each other in writing of any waivers or extensions of the applicable statute of limitations that may affect the period for which
the foregoing records or other documents must be retained. 
 8.2 Access to Tax Records. The Parties and their respective Affiliates
shall make available to each other for inspection and copying during normal business hours upon reasonable notice all Tax Records (including, for the avoidance of doubt, any pertinent underlying data accessed or stored on any computer program or
information technology system) in their possession and shall permit the other Party and its Affiliates, authorized agents and representatives and any representative of a Taxing Authority or other Tax auditor direct access, during normal business
hours upon reasonable notice to any computer program or information technology system used to access or store any Tax Records, in each case to the extent reasonably required by the other Party in connection with the preparation of Tax Returns or
financial accounting statements, audits, litigation, or the resolution of items pursuant to this Agreement. The Party seeking access to the records of the other Party shall bear all costs and expenses associated with such access, including any
professional fees. 
 ARTICLE IX 

DISPUTE RESOLUTION 
 9.1
Dispute Resolution. In the event of any dispute between the Parties as to any matter covered by this Agreement, the Parties shall appoint a nationally recognized independent public accounting firm (the “Accounting Firm”) to
resolve such dispute. In this regard, the Accounting Firm shall make determinations with respect to the disputed items based solely on representations made by Fortive, Vontier and their respective representatives, and not by independent review, and
shall function only as an expert and not as an arbitrator and shall be required to make a determination in favor of one Party only. The Parties shall require the Accounting Firm to resolve all disputes no later than thirty (30) days after the
submission of such dispute to the Accounting Firm, but in no event later than the due date for the payment of Taxes 

  
 -21- 

 
or the filing of the applicable Tax Return, if applicable, and agree that all decisions by the Accounting Firm with respect thereto shall be final and conclusive and binding on the Parties. The
Accounting Firm shall resolve all disputes in a manner consistent with this Agreement and, to the extent not inconsistent with this Agreement, in a manner consistent with the Past Practices of Fortive and its Subsidiaries, except as otherwise
required by applicable Law. The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in reasonable detail, the basis for such determination. The fees and expenses of the Accounting Firm shall be borne
equally by the Parties. 
 ARTICLE X 

MISCELLANEOUS PROVISIONS 
 10.1
Conflicting Agreements. In the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions of the Separation Agreement, this Agreement shall control with respect to the subject matter
thereof. 
 10.2 Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the
due date set forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment
date. 
 10.3 Successors. This Agreement shall be binding on and inure to the benefit of any successor by merger, acquisition of
assets, or otherwise, to any of the parties hereto, to the same extent as if such successor had been an original party to this Agreement. 

10.4 Application to Present and Future Subsidiaries. This Agreement is being entered into by Fortive and Vontier on behalf of themselves
and the members of their respective Group. This Agreement shall constitute a direct obligation of each such Party and shall be deemed to have been readopted and affirmed on behalf of any entity that becomes a Subsidiary of Fortive or Vontier in the
future. 
 10.5 Assignability. This Agreement shall not be assigned by any Party without the prior written consent of the other Party
hereto, except that each Party may assign its respective rights or delegate its respective obligations under this Agreement to any Affiliate of such Party; provided, however, that in connection with each such assignment or delegation, the assigning
Party provides a guarantee to the non-assigning Party for any liability or obligation assigned or delegated pursuant to this Section 10.5; provided, further, that
Vontier shall only be entitled to assign its rights or delegate its obligations under this Agreement with the prior written consent of Fortive. 

10.6 No Fiduciary Relationship. The duties and obligations of the Parties, and their respective successors and permitted assigns,
contained herein are the extent of the duties and obligations contemplated by this Agreement; nothing in this Agreement is intended to create a fiduciary relationship between the Parties hereto, or any of their successors and permitted assigns, or
create any relationship or obligations other than those explicitly described. 

  
 -22- 

 10.7 Further Assurances. Subject to the provisions hereof, the Parties hereto shall
make, execute, acknowledge and deliver such other instruments and documents, and take all such other actions, as may be reasonably required in order to effectuate the purposes of this Agreement and to consummate the transactions contemplated hereby.

 10.8 Survival. Notwithstanding any other provision of this Agreement to the contrary, all representations, covenants and
obligations contained in this Agreement shall survive until the expiration of the applicable statute of limitations with respect to any such matter (including extensions thereof). 

10.9 Notices. All notices, requests, claims, demands or other communications under this Agreement shall be in English, shall be in
writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by email (followed by delivery of an original via overnight courier service) or by facsimile
with receipt confirmed (followed by delivery of an original via overnight courier service) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this
Section 10.9): 
 If to Fortive, to: 

Fortive Corporation 
 6920 Seaway
Blvd. 
 Everett, WA 98203 

Attn: General Counsel 
 Facsimile:
[                ] 

E-mail:
[                ] 
 with a copy to: 

Skadden, Arps, Slate, Meagher & Flom LLP 

One Manhattan West 
 New York, NY
10001 
 Attn: Gavin A. White 

Facsimile: (917) 777-3418 

Email: Gavin.White@skadden.com 

If to Vontier, to: 
 Vontier
Corporation 
 5420 Wade Park Boulevard, Suite 206 

Raleigh, NC 27607 
 Attn: General
Counsel 
 Facsimile: [                ] 

E-mail:
[                ] 

  
 -23- 

 Any Party may, by notice to the other Party, change the address to which such notices are to
be given. 
 10.10 Distribution Date. This Agreement shall become effective only upon the Distribution Date. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 -24- 

 IN WITNESS WHEREOF, the Parties hereto have duly executed this Agreement as of the day and
year first above written. 
  

			
	FORTIVE CORPORATION
		
	By:	 	
                     
                                         
       

		 	Name:
		 	Title:
	
	VONTIER CORPORATION
		
	By:	 	
                     
                                         
       

		 	Name:
		 	Title:

 [Tax Matters Agreement Signature Page]

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