Document:

EX-4.1

 Exhibit 4.1 

EMERSON ELECTRIC CO. 
 as
Issuer, 
 and 

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

as Original Trustee 
 and

 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Series Trustee 
 FIRST
SUPPLEMENTAL INDENTURE 
 Dated as of January 15, 2019 

€500,000,000 1.250% Notes due 2025 

€500,000,000 2.000% Notes due 2029 

 FIRST SUPPLEMENTAL INDENTURE, dated as of January 15, 2019 (this “First
Supplemental Indenture”), by and among EMERSON ELECTRIC CO., a Missouri corporation (the “Issuer”), The Bank of New York Mellon Trust Company, N.A., a national banking association, as successor to The Bank of New York, as the original
trustee (the “Original Trustee”) and Wells Fargo Bank, National Association, a national banking association, as the series trustee (the “Series Trustee”). 

RECITALS 
 WHEREAS,
the Issuer had heretofore executed and delivered to the Original Trustee an Indenture dated as of December 10, 1998 (the “Original Indenture” and, together with this First Supplemental Indenture, the “Indenture”) providing
for the issuance by the Issuer from time to time of its unsecured debentures, notes or other evidences of indebtedness to be issued in one or more series (in the Original Indenture and herein called the “Securities”); and 

WHEREAS, Section 8.1 of the Original Indenture provides, among other things, that the Issuer and the Trustee may, without the
consent of Holders, enter into indentures supplemental to the Original Indenture to create one or more series of the Issuer’s Securities and establish the form, terms and conditions thereof, as permitted by Sections 2.1 and 2.3 of the Original
Indenture, and to evidence and provide for the acceptance by a successor trustee with respect to the Securities of one or more series and to add to or change any of the provisions of the Original Indenture as shall be necessary to provide for or
facilitate the administration of the trusts thereunder by more than one trustee, pursuant to the requirements of Section 6.11 of the Original Indenture; 

WHEREAS, the Issuer desires to create and provide for the issuance of new Securities to be designated as the “1.250% Notes due
2025” (the “2025 Notes”) and the “2.000% Notes due 2029” (the “2029 Notes” and, together with the 2025 Notes, the “Notes”); 

WHEREAS, the Issuer desires to appoint the Series Trustee to serve as the Trustee under the Indenture with respect to the Notes (but
only with respect to the Notes) and the Series Trustee is willing to accept such appointment with respect to the Notes; 
 WHEREAS,
pursuant to Sections 6.2, 8.4 and 13.5 of the Original Indenture, an Officers’ Certificate and an Opinion of Counsel have been delivered to the Original Trustee and the Series Trustee stating that the execution and delivery of this First
Supplemental Indenture is authorized or permitted by the Original Indenture and complies with the applicable provisions thereof and that all conditions precedent provided for in the Original Indenture relating to the execution of this First
Supplemental Indenture have been complied with; 
 WHEREAS, the Issuer desires the Original Trustee to continue to serve as the
Trustee under the Indenture for all other purposes under the Original Indenture other than with respect to the Notes; and 
 WHEREAS,
all acts and things necessary to make the Notes, when the Notes have been executed by the Issuer, authenticated by the Authenticating Agent, issued upon the terms and subject to the conditions set forth hereinafter and in the Original Indenture and
delivered as provided in the Indenture against payment therefor, valid, binding and legal obligations of the Issuer, enforceable against the Issuer according to their terms, and all actions required to be taken by the Issuer under the Original
Indenture to make this First Supplemental Indenture a valid, binding and legal agreement of the Issuer, have been done;  

 NOW, THEREFORE, in consideration of the premises and for other good and valuable
consideration, the sufficiency and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:  

ARTICLE I 
 APPLICATION
OF SUPPLEMENTAL INDENTURE 
 AND CREATION OF NOTES 

SECTION 1.01. Application of this First Supplemental Indenture. Notwithstanding any other provision of this First Supplemental
Indenture, the provisions of this First Supplemental Indenture, including the covenants set forth herein, are expressly and solely for the benefit of the Holders of the Notes. The Notes constitute two separate series of Securities as provided in
Section 2.3 of the Original Indenture. 
 SECTION 1.02. Definitions. 

(a) Capitalized terms used in this First Supplemental Indenture and not otherwise defined herein shall have the meanings ascribed to them in
the Original Indenture. 
 (b) To the extent a defined term is defined both in this First Supplemental Indenture, including the Exhibits
hereto, and in the Original Indenture, the definition in this First Supplemental Indenture, including the Exhibits hereto, shall govern with respect to the Notes. 

(c) For purposes of the Trust Indenture Act, “indenture trustee” or “institutional trustee” shall mean the Series Trustee
and not the Original Trustee. 
 (d) In addition, the following terms shall have the following meanings to be equally applicable to both the
singular and the plural forms of the terms defined: 
 “2025 Interest Payment Date” has the meaning set forth in
Section 2.03(c) hereof.  
 “2029 Interest Payment Date” has the meaning set forth in Section 2.04(c)
hereof.  
 “2025 Maturity Date” has the meaning set forth in Section 2.03(b) hereof.  

“2029 Maturity Date” has the meaning set forth in Section 2.04(b) hereof.  

“2025 Notes” has the meaning set forth in the Recitals hereto.  

“2029 Notes” has the meaning set forth in the Recitals hereto.  

“2025 Regular Record Date” has the meaning set forth in Section 2.03(c) hereof.  

“2029 Regular Record Date” has the meaning set forth in Section 2.04(c) hereof.  

  
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 “Additional Amounts” has the meaning set forth in Section 2.07 hereof.

 “Agency Agreement” means the Agency Agreement by and among the Issuer, the Paying Agent, the Security Registrar, the
Authenticating Agent, and the Series Trustee effective as of January 15, 2019. 
 “Authenticating Agent” means any
Person authorized by the Series Trustee pursuant to Section 2.09 hereof to act on behalf of the Series Trustee to authenticate Securities of one or more series.  

“Business Day” means any day that is not a Saturday or Sunday and that is not a day on which banking institutions are
authorized or obligated by law or executive order to close in the City of New York or London and on which the Trans-European Automated Real-time Gross Settlement Express Transfer system (the TARGET2 system), or any successor thereto, operates. 

“Clearstream” means Clearstream Banking, S.A.  

“Code” has the meaning set forth in Section 2.07. 

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

“Corporate Trust Office” shall be for the purposes of (a) Sections 7.5 and 13.4 in the Original Indenture,
the office of the Series Trustee, which office is, at the date of this First Supplemental Indenture, located at Wells Fargo Bank, National Association, 150 East 42nd Street, 40th Floor, New York, New York 10017, Attention: Corporate Trust Services,
(b) Section 2.8 of the Original Indenture and the provisions of Section 3.2 of the Original Indenture relating to the registration of transfer or exchange of the Notes, the office of the Security Registrar, which office is, as of the
date of this First Supplemental Indenture, located at U.S. Bank National Association, 100 Wall Street, New York, New York 10005, (c) the other provisions of Section 3.2 of the Original Indenture, the office of the Paying Agent, which office is,
at the date of this First Supplemental Indenture, located at Elavon Financial Services DAC, UK Branch, 125 Old Broad Street, Fifth Floor, London EC2N 1 AR, United Kingdom, Attention: MBS Relationship Management, or (d) in each case such other
addresses as to which Series Trustee, the Security Registrar or the Paying Agent, as the case may be, may give notice to the Issuer. 

  
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 “Depositary” means, with respect to the Notes, Elavon Financial Services
DAC, as common depositary, or its nominee, on behalf of Euroclear and Clearstream, or any successor entity thereto. For the purposes of this First Supplemental Indenture only, the third paragraph under Section 2.4 of the Original Indenture is
replaced in its entirety by the following: 
 “For Securities of any series that are denominated in United States dollars, each
Depositary designated pursuant to Section 2.3 for a Global Security in registered form must, at the time of its designation and at all times while it serves as a Depositary, be a clearing agency registered under the Securities Exchange Act of
1934, as amended, and shall be eligible to serve as such under any other applicable statute or regulation. Without limiting the foregoing, Euroclear Bank S.A./N.V. and Clearstream Banking, S.A., and their nominees and successors, are expressly
authorized to be designated as Depositary pursuant to Section 2.3.” 
 “Dollar” and “$” means
the lawful currency of the United States of America.  
 “€” or “euro” means the
single currency introduced at the third stage of the European Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended from time to time. 

“Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear System.  

“First Supplemental Indenture” has the meaning set forth in the Recitals hereto. 

“Global Note” means, for each series of Notes, a single permanent fully-registered global note in book-entry form, without
coupons, deposited with, or on behalf of, the Depositary or its nominee, and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A and Exhibit B attached hereto. A Global Note is a “Global
Security” within the meaning of the Original Indenture. 
 “Indenture” means the Original Indenture as supplemented
and amended by this First Supplemental Indenture. 
 “Interest Payment Dates” means the 2025 Interest Payment Date, in the
case of the 2025 Notes, and the 2029 Interest Payment Date, in the case of the 2029 Notes. 
 “Notes” has the meaning set
forth in the Recitals hereto. 
 “Original Indenture” has the meaning set forth in the Recitals hereto. 

“Par Call Date” means July 15, 2025, in the case of the 2025 Notes, and July 15, 2029, in the case of the 2029
Notes. 
 “Paying Agent” means any Person authorized by the Issuer to pay the principal of or any premium or interest on
the Notes on behalf of the Issuer.  

  
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 “Paying Agent Office” means the designated office of the Paying Agent of
which the corporate trust paying agent office of the Paying Agent shall, at any particular time, be administered, which office is, at the date of this First Supplemental Indenture, located at 125 Old Broad Street, Fifth Floor, London EC2N 1 AR,
United Kingdom, Attention: MBS Relationship Management.  
 “Redemption Date” means the Business Day on which Notes
are redeemed by the Issuer pursuant to Sections 3.01 or 3.02 hereof. 
 “Redemption Price” means the price at which Notes
are redeemed by the Issuer pursuant to Sections 3.01 or 3.02 hereof. 
 “Registered Securities” means any Notes which are
registered in the security register. 
 “Regular Record Date” means the 2025 Regular Record Date, in the case of the 2025
Notes, and the 2029 Regular Record Date, in the case of the 2029 Notes. 
 “Security Registrar” means any Person authorized
by the Issuer to maintain the security register for the purpose of registering and transferring the Notes.  
 ARTICLE II 

CREATION, FORMS, 
 TERMS,
CONDITIONS AND COVENANTS OF THE SECURITIES 
 Section 2.01. Creation of the Notes. In accordance with Section 2.3 of
the Original Indenture, the Issuer hereby creates each of the 2025 Notes and the 2029 Notes as a separate series of its Securities issued pursuant to the Indenture. The 2025 Notes shall be issued initially in an aggregate principal amount of
€500,000,000 and the 2029 Notes shall be issued initially in an aggregate principal amount of €500,000,000, except as permitted by Sections 2.8, 2.9 or 2.11 of the Original Indenture. 

Section 2.02. Form of the Notes. The Notes shall each be issued in the form of a Global Note, duly executed by the Issuer and
authenticated by the Authenticating Agent, which shall be deposited with, or on behalf of, the Depositary or its nominee, as common depositary for, and in respect of interests held through, Euroclear and Clearstream, and registered in the name of
such common depositary or its nominee for the accounts of Euroclear and Clearstream. The 2025 Notes and the Series Trustee’s and Authenticating Agent’s Certification of Authentication in respect thereof shall be substantially in the form
of Exhibit A attached hereto and the 2029 Notes and the Series Trustee’s and Authenticating Agent’s Certification of Authentication in respect thereof shall be substantially in the form of Exhibit B attached hereto. So long as Euroclear or
Clearstream or their nominee or the Depositary or its nominee is the Holder of the Global Notes, Euroclear, Clearstream, the Depositary or their respective nominees, as the case may be, shall be considered the sole owner or Holder of the Notes
represented by such Global Notes for all purposes under the Indenture and the Notes. Except as set forth in Sections 2.03(d) and 2.04(d) hereof, the Global Notes may be transferred, in whole and not in part, only to Euroclear or Clearstream or their
respective nominees only through records maintained by Clearstream and Euroclear (with respect to beneficial interests of participants) or by participants or Persons that hold interests through participants (with respect to beneficial interests of
beneficial owners), and 

  
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owners of beneficial interests in the Global Notes will not be entitled to have the Notes registered in their names and will not receive or be entitled to receive physical delivery of Notes in
definitive form. Payments of principal, premium, if any, and interest in respect of the Global Notes will be made to Euroclear, Clearstream, such nominee or such Depositary, as the case may be, as Holder thereof. None of the Issuer, the Series
Trustee, any underwriter or any affiliate of any of the above or any Person by whom any of the above is “controlled,” as such term is defined in the Securities Act, will have any responsibility or liability for any records relating to or
payments made on account of beneficial ownership interests in the Global Notes or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. The terms and provisions contained in the form of Global Notes
attached hereto as Exhibits A and B shall constitute, and are hereby expressly made, a part of this First Supplemental Indenture and the Issuer, by its execution and delivery of this First Supplemental Indenture, expressly agrees to such terms and
provisions and to be bound thereto. Any of the Notes may have such letters, numbers or other marks of identification and such notations, legends and endorsements as the officers executing the same may approve (execution thereof to be conclusive
evidence of such approval) and are not inconsistent with the provisions of the Indenture (and which do not affect the rights, duties or immunities of the Series Trustee), or as may be required to comply with any law or with any rule or regulation
made pursuant thereto or with any rule or regulation of any securities exchange or automated quotation system on which the Notes may be listed. For the purposes of this First Supplemental Indenture only, the Global Security Legend for the Notes
shall be the legend set forth at the beginning of the form of Global Notes attached hereto as Exhibits A and B, and such legend shall apply in lieu of the legend set forth in Section 2.4 of the Original Indenture. 

Section 2.03. Terms, Conditions and Covenants of the 2025 Notes. The 2025 Notes shall be governed by all the terms, conditions and
covenants of the Original Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the 2025 Notes: 

(a) Title and Aggregate Principal Amount. The title of the 2025 Notes shall be as specified in the Recitals; and the aggregate
principal amount of the 2025 Notes shall be as specified in Section 2.01 of this Article II, except as permitted by Section 2.8, 2.9 or 2.11 of the Original Indenture. 

(b) Stated Maturity. The 2025 Notes shall mature, and the unpaid principal thereon shall be payable, on October 15, 2025 (the
“2025 Maturity Date”), subject to the provisions of the Original Indenture and Article III below. 
 (c) Interest. The rate
per annum at which interest shall be payable on the 2025 Notes shall be 1.250%. Interest on the 2025 Notes shall be payable annually in arrears on each October 15, commencing on October 15, 2019 (a “2025 Interest Payment Date”),
to the Persons in whose names the applicable 2025 Notes are registered in the security register applicable to the 2025 Notes at the close of business on the immediately preceding September 30 prior to the applicable 2025 Interest Payment Date
regardless of whether such day is a Business Day (each, a “2025 Regular Record Date”). Interest on the 2025 Notes shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the
actual number of days from and including the last date on which interest was paid on the 2025 Notes (or January 15, 

  
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2019, if no interest has been paid on the 2025 Notes), to, but excluding, the next scheduled 2025 Interest Payment Date. This payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined
in the rulebook of the International Capital Market Association. Interest on the 2025 Notes shall accrue from and including January 15, 2019. If a 2025 Interest Payment Date or the 2025 Maturity Date falls on a day that is not a Business Day,
the related payment of interest or principal, as applicable, will be made on the next Business Day with the same force and effect as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period
from and after that 2025 Interest Payment Date or the 2025 Maturity Date, as the case may be, to the date the payment is made. Interest payments will include accrued interest from and including the date of issue or from and including the last date
in respect to which interest has been paid, as the case may be, to, but excluding, the 2025 Interest Payment Date or the 2025 Maturity Date, as the case may be. 

(d) Registration and Form. The 2025 Notes shall be issuable as Registered Securities as provided in Section 2.02 of this Article
II, subject to Article IV. The 2025 Notes shall be issued and may be transferred only in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof. All payments of principal, premium, Redemption Price and accrued
and unpaid interest in respect of the 2025 Notes shall be made by the Issuer in immediately available funds and shall be payable in euro and, subject to Section 2.10(c) hereof, not any other currency. 

(e) Defeasance and Covenant Defeasance. The provisions for defeasance in Section 12.2 of the Original Indenture, and the
provisions for covenant defeasance in Section 12.3 of the Original Indenture, shall be applicable to the 2025 Notes. 
 (f) Further
Issues. Notwithstanding anything to the contrary contained herein or in the Original Indenture, the Issuer may, from time to time, without the consent of or notice to the beneficial owners, create and issue further debt securities having the
same ranking and terms and conditions as the 2025 Notes in all respects, except for issue date and, in some cases, the public offering price and the first Interest Payment Date. Additional 2025 Notes issued in this manner shall be consolidated with,
and shall form a single series with, the previously outstanding 2025 Notes; provided that if such additional 2025 Notes are not fungible with the previously issued 2025 Notes for U.S. federal income tax purposes, such additional 2025 Notes
will have separate CUSIP and ISIN numbers. Notice of the issuance of any such additional 2025 Notes shall be given by the Issuer to the Series Trustee, the Original Trustee, the Paying Agent, the Security Registrar and the Authenticating Agent and a
new supplemental indenture shall be executed in connection therewith. No such additional 2025 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2025 Notes. 

(g) Other Terms, Conditions and Covenants. The 2025 Notes shall have such other terms, conditions and covenants as provided in the form
thereof attached as Exhibit A. 

  
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 Section 2.04. Terms, Conditions and Covenants of the 2029 Notes. The 2029 Notes
shall be governed by all the terms, conditions and covenants of the Original Indenture, as supplemented by this First Supplemental Indenture. In particular, the following provisions shall be terms of the 2029 Notes: 

(a) Title and Aggregate Principal Amount. The title of the 2029 Notes shall be as specified in the Recitals; and the aggregate
principal amount of the 2029 Notes shall be as specified in Section 2.01 of this Article II, except as permitted by Section 2.8, 2.9 or 2.11 of the Original Indenture. 

(b) Stated Maturity. The 2029 Notes shall mature, and the unpaid principal thereon shall be payable, on October 15, 2029 (the
“2029 Maturity Date”), subject to the provisions of the Original Indenture and Article III below. 
 (c) Interest. The rate
per annum at which interest shall be payable on the 2029 Notes shall be 2.000%. Interest on the 2029 Notes shall be payable annually in arrears on each October 15, commencing on October 15, 2019 (a “2029 Interest Payment Date”),
to the Persons in whose names the applicable 2029 Notes are registered in the security register applicable to the 2029 Notes at the close of business on the immediately preceding September 30 prior to the applicable 2029 Interest Payment Date
regardless of whether such day is a Business Day (each, a “2029 Regular Record Date”). Interest on the 2029 Notes shall be computed on the basis of the actual number of days in the period for which interest is being calculated and the
actual number of days from and including the last date on which interest was paid on the 2029 Notes (or January 15, 2019, if no interest has been paid on the 2029 Notes), to, but excluding, the next scheduled 2029 Interest Payment Date. This
payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market Association. Interest on the 2029 Notes shall accrue from and including January 15, 2019. If a 2029 Interest Payment Date
or the 2029 Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as applicable, will be made on the next Business Day with the same force and effect as if it were made on the date the payment was
due, and no interest will accrue on the amount so payable for the period from and after that 2029 Interest Payment Date or the 2029 Maturity Date, as the case may be, to the date the payment is made. Interest payments will include accrued interest
from and including the date of issue or from and including the last date in respect to which interest has been paid, as the case may be, to, but excluding, the 2029 Interest Payment Date or the 2029 Maturity Date, as the case may be. 

(d) Registration and Form. The 2029 Notes shall be issuable as Registered Securities as provided in Section 2.02 of this Article
II, subject to Article IV. The 2029 Notes shall be issued and may be transferred only in minimum denominations of €100,000 and integral multiples of €1,000 in excess thereof. All payments of principal, premium, Redemption Price and accrued
and unpaid interest in respect of the 2029 Notes shall be made by the Issuer in immediately available funds and shall be payable in euro and, subject to Section 2.10(c) hereof, not any other currency. 

(e) Defeasance and Covenant Defeasance. The provisions for defeasance in Section 12.2 of the Original Indenture, and the
provisions for covenant defeasance in Section 12.3 of the Original Indenture, shall be applicable to the 2029 Notes. 
 (f) Further
Issues. Notwithstanding anything to the contrary contained herein or in the Original Indenture, the Issuer may, from time to time, without the consent of or notice to the beneficial owners, create and issue further debt securities having the
same ranking and terms and conditions as the 2029 Notes in all respects, except for issue date and, in some cases, the public 

  
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offering price and the first Interest Payment Date. Additional 2029 Notes issued in this manner shall be consolidated with, and shall form a single series with, the previously outstanding 2029
Notes; provided that if such additional 2029 Notes are not fungible with the previously issued 2029 Notes for U.S. federal income tax purposes, such additional 2029 Notes will have separate CUSIP and ISIN numbers. Notice of the issuance of
any such additional 2029 Notes shall be given by the Issuer to the Series Trustee, the Original Trustee, the Paying Agent, the Security Registrar and the Authenticating Agent and a new supplemental indenture shall be executed in connection
therewith. No such additional 2029 Notes may be issued if an Event of Default has occurred and is continuing with respect to the 2029 Notes. 

(g) Other Terms, Conditions and Covenants. The 2029 Notes shall have such other terms, conditions and covenants as provided in the form
thereof attached as Exhibit B. 
 Section 2.05. Ranking. The Notes shall be general unsecured obligations of the Issuer. The
Notes shall rank pari passu in right of payment with all unsecured and unsubordinated indebtedness of the Issuer and senior in right of payment to all subordinated indebtedness of the Issuer. 

Section 2.06. Sinking Fund. The Notes will not be entitled to any sinking fund. 

Section 2.07. Payment of Additional Amounts. 

(a) The Issuer will, subject to the exceptions and limitations set forth below, pay such additional amounts (“Additional Amounts”)
as will result in the receipt by each beneficial owner of a Note that is not a United States person (as defined in clause (c) below) of such amounts, after withholding or deduction for any present or future tax, assessment or other governmental
charge imposed by the United States or a taxing authority in the United States (including any withholding or deduction with respect to the payment of such additional amounts) as would have been received had no such withholding or deduction been
required; provided, however, that the foregoing obligation to pay Additional Amounts shall not apply: 
 (1) to any tax,
assessment or other governmental charge that is imposed by reason of the Holder (or the beneficial owner for whose benefit such Holder holds such Note), or a fiduciary, settlor, beneficiary, member or shareholder or other equity owner of, or
possessor of a power over, the Holder or beneficial owner if the Holder or beneficial owner is an estate, trust, partnership, corporation or other entity, being considered as: 

(a) being or having been engaged in a trade or business in the United States or having been present in the United States or
having had a permanent establishment in the United States; 
 (b) having a current or former connection with the United
States (other than a connection arising solely as a result of the ownership of the Notes, the receipt of any payment thereon or the enforcement of any rights thereunder), including being or having been a citizen or resident of the United States;

 (c) being or having been a personal holding company, a passive foreign investment company, a controlled foreign
corporation or a foreign tax exempt organization for United States federal income tax purposes or a corporation that has accumulated earnings to avoid United States federal income tax; 

  
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 (d) being or having been a
“10-percent shareholder” of the Issuer as defined in Section 871(h)(3) of the United States Internal Revenue Code of 1986, as amended (the “Code”), or any successor provision; or 

(e) being or having been a bank receiving payments on an extension of credit made pursuant to a loan agreement entered into in
the ordinary course of its trade or business; 
 (2) to any Holder that is not the sole beneficial owner of the Notes, or a portion of the
Notes, or that is a fiduciary, partnership or limited liability company, but only to the extent that a beneficial owner with respect to the Holder, a beneficiary or settlor with respect to the fiduciary, or a beneficial owner or member of the
partnership or limited liability company would not have been entitled to the payment of such Additional Amounts had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the payment; 

(3) to any tax, assessment or other governmental charge that would not have been imposed but for the failure of the Holder or any other person
to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of such Holder or other person, if compliance is required by statute, by
regulation of the United States or any taxing authority therein or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from, or reduction in, such tax, assessment or other governmental charge; 

(4) to any tax, assessment or other governmental charge that is imposed otherwise than by withholding or deducting from payments on the Notes;

 (5) to any tax, assessment or other governmental charge that would not have been imposed but for a change in law, treaty, regulation or
administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; 

(6) to any estate, inheritance, gift, sales, excise, transfer, wealth, capital gains or personal property tax or similar tax, assessment or
other governmental charge; 
 (7) to any tax, assessment or other governmental charge required to be withheld by any Paying Agent from any
payment of principal of or premium, if any, or interest on any note, if such payment can be made without such withholding by at least one other Paying Agent; 

(8) to any tax, assessment or other governmental charge that would not have been imposed but for the presentation by the Holder of any note,
where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly provided for, whichever occurs later; 

(9) to any tax, assessment or other governmental charge imposed under Sections 1471 through 1474 of the Code (or any amended or successor
provisions), any current or future 

  
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regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code, any intergovernmental agreement or any fiscal or regulatory legislation,
rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; or 

(10) in the case of any combination of clauses (1), (2), (3), (4), (5), (6), (7), (8) and (9). 

(b) The Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation applicable
to the Notes. Except as specifically provided under this Section 2.07, the Issuer will not be required to make any payment for any tax, assessment or other governmental charge imposed by any government or a political subdivision or taxing
authority of or in any government or political subdivision. 
 (c) As used under this Section 2.07, the term “United States”
means the United States of America (including the states of the United States and the District of Columbia and any political subdivision thereof) and the term “United States person” means any individual who is a citizen or resident of the
United States for U.S. federal income tax purposes, a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that
is not treated as a United States person under any applicable Treasury regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

(d) Whenever in the Indenture (including the Notes) there is referenced, in any, context, the payment of amounts based on the payment of
principal of, or premium, if any, or interest on, the Notes, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional Amounts as described under this Section 2.07 to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. If Additional Amounts are payable on the Notes, the Issuer shall provide an Officers’ Certificate to the Series Trustee and the Paying Agent on
or before the date such Additional Amounts are payable setting forth the amount of such Additional Amounts in reasonable detail. The Series Trustee and the Paying Agent may provide a copy of such Officers’ Certificate or other notice received
from the Issuer relating to Additional Amounts to any Holder upon request. Unless and until a Responsible Officer of the Series Trustee receives at the Corporate Trust Office such a certificate, the Series Trustee and the Paying Agent may assume
without inquiry that no such Additional Amounts are payable. The Series Trustee and the Paying Agent shall not at any time be under any duty or responsibility to any Holder to determine whether any Additional Amounts are payable, or with respect to
the nature, extent, or calculation of the amount of any Additional Amounts owed, or with respect to the method employed in such calculation of any Additional Amount. If the Issuer has paid Additional Amounts directly to the Persons entitled to it,
the Issuer shall deliver to the Series Trustee and the Paying Agent an Officers’ Certificate setting forth the particulars of such payment. 

Section 2.08. Paying Agent and Security Registrar. 

The Issuer shall maintain a Paying Agent authorized by the Issuer. The Issuer hereby authorizes Elavon Financial Services DAC, UK Branch to
initially act as the Paying Agent for the Notes. The Issuer shall maintain a Security Registrar. The Issuer hereby authorizes U.S. Bank National Association to initially act as Security Registrar for the Notes. 

  
 11 

 For so long as the Notes are represented in the form of a Global Note, the Issuer shall,
through the Paying Agent, make all payments of principal and interest by wire transfer of immediately available funds in euro to the Depositary or its nominee, as the case may be, as the registered owner and Holder of the Global Notes representing
such Notes. In the event that Notes in definitive form shall have been issued, payments (including principal, premium, if any, and interest) with respect to the Notes in definitive form will be payable at the Paying Agent Office, or, at the
Issuer’s option, by check mailed to the Holders thereof at the respective addresses set forth in the security register, provided that all payments (including principal, premium, if any, and interest) on Notes in definitive form, for
which the Holders thereof have given wire transfer instructions to the Paying Agent at least ten Business Days prior to the applicable payment date, will be required to be made by wire transfer of immediately available funds in euro to the accounts
specified by the Holders thereof, subject, in each case, to surrender of the Notes to the Paying Agent in the case of payments of principal or premium. 

No service charge will be made for any transfer or exchange of the Notes, but the Issuer may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection with a transfer or exchange. 
 Section 2.09. Authenticating Agent. 

The Series Trustee may appoint an Authenticating Agent reasonably acceptable to the Issuer. Unless limited by the terms of such appointment,
an Authenticating Agent may authenticate Securities whenever the Series Trustee may do so. Each reference in the Indenture to authentication by the Series Trustee includes authentication by such agent. 

The Series Trustee hereby appoints Elavon Financial Services DAC, UK Branch as an Authenticating Agent to authenticate and deliver the Notes
on behalf of the Series Trustee. Elavon Financial Services DAC, UK Branch as an Authenticating Agent is acceptable to the Issuer. 

Section 2.10. Issuance in Euro. 

(a) Initial Holders of the Notes will be required to pay for the Notes in euro, and principal, premium, if any, and interest payments on the
Notes, including any payments made upon any redemption of the Notes, will be payable in euro. 
 (b) Distributions of principal, premium, if
any, and interest with respect to the Global Notes will be credited in euro to the extent received by Euroclear or Clearstream from the Paying Agent to the cash accounts of Euroclear or Clearstream customers in accordance with the relevant
system’s rules and procedures. 
 (c) If, on or after the date of issuance of the Notes, the Issuer is unable to obtain euro in amounts
sufficient to make a required payment under the Notes due to the imposition of exchange controls or other circumstances beyond the Issuer’s control (including the dissolution of the European Monetary Union) or if the euro is no longer being
used by the then member states of the European Monetary Union that have adopted the euro as their currency or for the 

  
 12 

 
settlement of transactions by public institutions of or within the international banking community, then all payments in respect of the Notes will be made in Dollars until the euro is again
available to the Issuer or so used. In such circumstances, the amount payable on any date in euro will be converted into Dollars at the rate mandated by the U.S. Federal Reserve Board as of the close of business on the second Business Day prior to
the relevant payment date or, in the event the U.S. Federal Reserve Board has not mandated a rate of conversion, on the basis of the then most recent euro/Dollar exchange rate available on or prior to the second Business Day prior to the relevant
payment date, as determined by the Issuer in its sole discretion. Any payment in respect of the Notes so made in Dollars will not constitute an Event of Default under the Notes or the Indenture. Neither the Series Trustee nor the Paying Agent shall
have any responsibility for any calculation or conversion in connection with the foregoing. 
 ARTICLE III 

REDEMPTIONS 

Section 3.01. Optional Redemption. 

(a) Prior to the Par Call Date. The Notes of each series will be redeemable, either in whole or from time to time in part, at the
option of the Issuer, prior to the applicable Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price equal to the greater of: 

(i) 100 percent of the principal amount of such Notes to be redeemed, and 

(ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (exclusive of interest accrued to
that Redemption Date) discounted to that Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate plus 25 basis points for the 2025 Notes and 30 basis points for the 2029 Notes, 

plus, in either case, accrued and unpaid interest on the principal amount being redeemed to that Redemption Date. 

(b) On or After the Par Call Date. 

The Notes of each series will be redeemable, either in whole or from time to time in part, at the option of the Issuer, on or after the
applicable Par Call Date, upon not less than 30 days and not more than 60 days prior notice transmitted to the Holders of the Notes to be redeemed, at a Redemption Price equal to 100 percent of the principal amount of the Notes being redeemed,
plus, in each case, accrued and unpaid interest on the principal amount being redeemed to the applicable Redemption Date. 
 (c) Accrued
Interest. Notwithstanding subsections (a) and (b) above, installments of interest on the Notes which are due and payable on the 2025 Interest Payment Date and the 2029 Interest Payment Date, as the case may be, falling on or prior to a
Redemption Date shall be payable on such 2025 Interest Payment Date or 2029 Interest Payment Date to the Holders of those Notes as of the close of business on the relevant 2025 Regular Record Date or 2029 Regular Record Date, as the case may be,
according to the terms of the Notes and the Indenture. On and after the Redemption Date, interest will cease to accrue on the Notes or any portion of the Notes that are called for redemption (unless the Issuer defaults in the payment of the
Redemption Price). 

  
 13 

 (d) Notice. Notices of any optional redemption shall be mailed or otherwise
transmitted in accordance with the applicable procedures of Euroclear or Clearstream to the holders of Notes being redeemed not less than 30 days and not more than 60 days before the redemption date of the applicable series of Notes being redeemed.
The Issuer shall notify the Series Trustee and the Paying Agent of the Redemption Price promptly after the calculation thereof and in any event no late than two Business Days prior to the Redemption Date, and the Series Trustee and the Paying Agent
shall not be responsible for such calculation. 
 (e) Payment. On or prior to 10:00 a.m., London time, on the Redemption Date (or
such later time as may be agreed between the Issuer and the Paying Agent), the Issuer shall deposit with the Paying Agent an amount of money sufficient to pay the Redemption Price of, and accrued interest on, the Notes to be redeemed to, but
excluding, the Redemption Date. 
 (f) Selection of Notes. If less than all of the Notes of a series are to be redeemed, the Notes in
that series to be redeemed shall be selected by the Paying Agent by a method the Paying Agent deems to be fair and appropriate or, in the event that the Notes are represented by one or more Global Notes, beneficial interests therein shall be
selected for redemption by Clearstream and Euroclear in accordance with their respective applicable procedures therefor. If the Notes are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance with their
respective procedures and those of the principal national securities exchange on which the Notes are listed. Notwithstanding the foregoing, if less than all of the Notes are to be redeemed, no Notes of a principal amount of €100,000 or less
shall be redeemed in part. In any case, the principal amount of any Note remaining outstanding after a redemption in part shall be €100,000 or an integral multiple of €1,000 in excess thereof. 

Section 3.02. Tax Redemption. If, as a result of any change in, or amendment to, the laws (or any regulations or rulings
promulgated under the laws) or treaties of the United States (or any taxing authority in the United States), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations, rulings or
treaties, which change or amendment is announced or becomes effective on or after the date of issuance of the Notes, the Issuer becomes or will become obligated to pay additional amounts as described herein under Section 2.07 with respect to
the Notes, then the Issuer may at any time at its option redeem, in whole, but not in part, the outstanding Notes on not less than 15 nor more than 60 days’ prior notice, at a redemption price equal to 100 percent of their principal
amount, together with accrued and unpaid interest on those Notes to, but not including, the date fixed for redemption; provided such obligation cannot be avoided by its taking reasonable measures available to it, not including substitution of the
obligor under the Notes. 

  
 14 

 ARTICLE IV 

TRANSFER AND EXCHANGE 

Section 4.01. Transfer and Exchange. 

For the purposes of this First Supplemental Indenture only, the fifth and sixth paragraphs under Section 2.8 of the Original Indenture
are replaced in their entirety by the following: 
 “The Notes shall not be convertible into, or exchangeable for, any other securities
of the Issuer, except that the Notes shall be exchangeable for other Notes to the extent provided for in the Original Indenture and subject to the conditions set forth below. Subject to certain conditions, the Notes represented by the Global
Securities are exchangeable for Securities in definitive form of like tenor in minimum denominations of €100,000 principal amount and integral multiples of €1,000 in excess thereof if: 

(1) the Depositary provides notification that it is unwilling, unable or no longer qualified to continue as depositary for the Global
Securities and a successor is not appointed by the Issuer within 90 days; 
 (2) the Issuer has been notified that both Clearstream and
Euroclear have been closed for business for a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention permanently to cease business or have in fact done so and no successor clearing
system is available; 
 (3) the Issuer has or will become subject to adverse tax consequences which would not be suffered were the Notes
represented by the Securities in definitive form; or 
 (4) an event of default entitling the Holders of the applicable Notes to accelerate
the maturity thereof has occurred and is continuing. 
 Upon the occurrence of any of the preceding events above, the Issuer will notify the
Series Trustee, the Paying Agent, the Security Registrar and the Authenticating Agent in writing that, upon surrender by the participants of their interest in such Global Securities, Securities in definitive form will be issued to each Person that
such participants and the Depositary identify as being the beneficial owner of the related Securities. Beneficial interests in Global Securities may be exchanged for Securities in definitive form of the same series upon request but only upon at
least 30 days’ prior written notice given to Series Trustee by or on behalf of the Depositary in accordance with customary procedures. Global Securities also may be exchanged or replaced, in whole or in part, as provided in Sections 2.8, 2.9
and 2.11 hereof. Except as otherwise provided above in this Section 2.8, every Security authenticated and delivered in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to this Section 2.8 or Sections 2.9 and
2.11 of the Original Indenture, shall be authenticated and delivered in the form of, and shall be, a Global Security. A Global Security may not be exchanged for another Security other than as provided in this Section 2.8. 

In all cases, definitive Securities delivered in exchange for any Global Security or beneficial interest therein will be registered in the
names, and issued in any approved denominations, requested by or on behalf of Clearstream and Euroclear (in accordance with their customary procedures).” 

  
 15 

 ARTICLE V 

SERIES TRUSTEE 

Section 5.01 Appointment by the Issuer of Wells Fargo Bank, National Association as Series Trustee. Pursuant to the
Original Indenture, as amended by this First Supplemental Indenture, the Issuer hereby appoints Wells Fargo Bank, National Association as series trustee under the Indenture with respect to the Notes (but only with respect to the Notes) with all of
the rights, powers, trusts, duties and obligations of Trustee under the Indenture with respect to the Notes (but only with respect to the Notes) with like effect as if originally named as such in the Indenture. 

Section 5.02 Acceptance by Wells Fargo Bank, National Association of Appointment as Series Trustee. Wells Fargo Bank,
National Association hereby accepts its appointment as series trustee under the Indenture with respect to the Notes (but only with respect to the Notes) and accepts all of the rights, powers, trusts, duties and obligations of Trustee under the
Indenture with respect to the Notes (but only with respect to the Notes), upon the terms and conditions set forth herein and therein, with like effect as if originally named as such in the Indenture. Pursuant to the Original Indenture, there shall
continue to be vested in the Original Trustee all of its rights, powers, trusts, duties and obligations as Trustee under the Original Indenture with respect to all of the series of securities as to which it has served and continues to serve as
Trustee, and the Original Trustee shall have no rights, powers, trusts, duties and obligations with respect to the Notes. 

Section 5.03. Eligibility of Series Trustee. 

The Series Trustee hereby represents that it is qualified and eligible under the provisions of the Trust Indenture Act and Section 6.9 of
the Original Indenture to accept its appointment as series trustee with respect to the Notes. 
 Section 5.04. Concerning the Series
Trustee and the Original Trustee. 
 Neither the Original Trustee nor the Series Trustee assumes any duties, responsibilities or
liabilities by reason of this First Supplemental Indenture other than as set forth in the Original Indenture and in this First Supplemental Indenture, and in carrying out its responsibilities hereunder, each shall have all of the rights, powers,
privileges, protections, duties and immunities which it possesses under the Original Indenture. The Original Trustee and the Series Trustee shall not constitute co-trustees of the same trust, and each of the
Original Trustee and the Series Trustee shall be trustee of a trust or trusts under the Indenture separate and apart from any trust or trusts under the Indenture administered by the other trustee. The Original Trustee shall have no liability for any
acts or omissions of the Series Trustee and the Series Trustee shall have no liability for any acts or omissions of the Original Trustee. 

References in this First Supplemental Indenture to sections of the Original Indenture that require or permit actions by the Original Trustee
with respect to the Notes shall be deemed to require or permit actions only by the Series Trustee and the Original Trustee shall have no responsibility therefor. 

  
 16 

 The Issuer agrees to indemnify the Original Trustee for, and to hold it harmless against,
any and all loss, damage, claims, liability or expense arising out of or in connection with any act or omission of the Series Trustee. 

Section 5.05. Offices for Payment. Elavon Financial Services DAC, UK Branch will initially act as the Paying Agent and
Authenticating Agent for the Notes and U.S. Bank National Association will initially act as the Security Registrar for the Notes, including in each case for the purposes of Section 3.2 of the Original Indenture. The Notes may be presented for
payment at the Paying Agent Office of the Paying Agent or at any other agency as may be appointed from time to time by the Issuer, subject to Section 2.08 hereof. 

Section 5.06. Certain Roles. 

(a) Each reference to the Trustee or any agent in the Original Indenture, to the extent it relates to the performance of duties or the
exercise of rights assigned by this First Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Paying Agent, shall be deemed to be a reference to the Paying Agent. 

(b) The references to the Trustee in Section 2.1 of the Original Indenture, the reference to the Trustee in Section 2.10 of the
Original Indenture, each related reference in the Original Indenture to the Trustee receiving Securities for cancellation or cancelling Securities (including such references contained in the definition of “Outstanding” and in Sections 2.1
and 10.1 of the Original Indenture), and each other reference to the Trustee or any agent, to the extent it relates to the performance of duties or the exercise of rights assigned by this First Supplemental Indenture, the Notes, or the Agency
Agreement, in each case to the Security Registrar, shall be deemed to be a reference to the Security Registrar. 
 (c) Each reference to the
Trustee or any agent, to the extent it relates to the performance of duties or the exercise of rights assigned by this First Supplemental Indenture, the Notes, or the Agency Agreement, in each case to the Authenticating Agent, shall be deemed to be
a reference to the Authenticating Agent. 
 (d) Notwithstanding anything to the contrary, the Series Trustee, Paying Agent, Security
Registrar, and Authenticating Agent may, with the consent of the Issuer, provide for the performance of any of the duties to be performed by any of them under the Indenture or the Notes to be performed by another of them, subject to the terms of the
Indenture, and any duties so performed shall be deemed to have been performed by the appropriate party for all purposes under the Indenture and the Notes. 

ARTICLE VI 

MISCELLANEOUS PROVISIONS 

Section 6.01. Ratification of Original Indenture. This First Supplemental Indenture is executed and shall be construed as an
indenture supplemental to the Original Indenture, and as supplemented and modified hereby, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this First Supplemental Indenture shall be read, taken and
construed as one and the same instrument. 

  
 17 

 Section 6.02. Recitals of Fact. Neither the Series Trustee nor the Original
Trustee makes any representation as to and shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this First Supplemental Indenture or the Notes or the due execution thereof by the Issuer, except for
any certificate of authentication in accordance with the Indenture. The recitals of fact contained herein shall be taken as the statements solely of the Issuer and neither the Series Trustee nor the Original Trustee assumes any responsibility for
the correctness thereof or liability in any manner whatsoever for or with respect to any of the recitals or statements contained herein, except, with respect to the Series Trustee, for any certificate of authentication in accordance with the
Indenture. Neither the Series Trustee nor the Original Trustee shall be accountable for the use or application by the Issuer of the Notes or the proceeds thereof. The Series Trustee is hereby authorized by the Issuer to enter into the Agency
Agreement and perform its obligations and exercise its rights thereunder in accordance with its terms. All of the provisions contained in the Indenture in respect of the rights, powers, privileges, indemnities and immunities of the Trustee shall be
applicable in respect of this First Supplemental Indenture and the Agency Agreement as fully and with like force and effect as though set forth in full herein and therein. 

Section 6.03. Effect of Headings. The Article and Section headings herein are for convenience only and shall not affect the
construction hereof. 
 Section 6.04. Successors and Assigns. All covenants and agreements in this First Supplemental Indenture
by the Issuer shall bind its successors and assigns, whether so expressed or not. 
 Section 6.05. Separability Clause. In case
any one or more of the provisions contained in this First Supplemental Indenture shall for any reason be held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in
any way be affected or impaired thereby. 
 Section 6.06. Governing Law; Jury Trial Waiver. THIS FIRST SUPPLEMENTAL INDENTURE
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. EACH OF THE ISSUER AND THE ORIGINAL TRUSTEE AND THE SERIES TRUSTEE, AND BY ITS ACCEPTANCE THEREOF, EACH HOLDER OF A NOTE, HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 6.07. Counterparts. This First Supplemental Indenture may be executed in any number of counterparts, and each of such
counterparts shall for all purposes be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. Signatures of the parties hereto transmitted by facsimile or PDF may be used in lieu of the originals
and shall be deemed to be their original signatures for all purposes. 
 Section 6.08. U.S.A. Patriot Act. The Issuer
acknowledges that in accordance with the Customer Identification Program (CIP) requirements under the USA PATRIOT Act and its implementing regulations, the Series Trustee, in order to help fight the funding of terrorism and

  
 18 

 
money laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Series Trustee.
The Issuer hereby agrees that it shall provide the Series Trustee with such information as it may request including, but not limited to, the Issuer’s name, physical address, tax identification number and other information that will help the
Series Trustee identify and verify the Issuer’s identity such as organizational documents, certificate of good standing, license to do business, or other pertinent identifying information. 

  
 19 

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

			
	EMERSON ELECTRIC CO.
		
	By:	 	 
		 	Name: F. J. Dellaquila
		 	 Title:   Senior Executive Vice President and

            Chief Financial Officer

  

			
	By:	 	 
		 	Name: J. H. Thomasson
		 	Title:   Vice President and Treasurer

  

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

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Series Trustee
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to First Supplemental Indenture] 

 EXHIBIT A 

FORM OF GLOBAL 2025 NOTE 

[FACE OF GLOBAL NOTE] 
 THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN
THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS SECURITY IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING, S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR,
“EUROCLEAR/CLEARSTREAM”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF USB NOMINEES (UK) LIMITED AS NOMINEE OF ELAVON FINANCIAL SERVICES DAC AS COMMON
DEPOSITARY (THE “DEPOSITARY”) OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. 

EMERSON ELECTRIC CO. 

1.250% Note due 2025 
  

			
	 €500,000,000
	  	No.: A-1
		  	CUSIP: 291011 BH6
	 Issue Date: January 15, 2019
	  	ISIN: XS1915689746
		  	Common Code: 191568974

 Emerson Electric Co., a Missouri corporation (the “Issuer”), for value received, hereby promises to pay to USB
Nominees (UK) Limited, as nominee of the common depositary for Euroclear and Clearstream, or registered assigns, the principal sum of €500,000,000, or such other principal sum as shall be set forth in the Schedule of Exchanges of Interests
attached hereto, on October 15, 2025 (the “Maturity Date”), and to pay interest at 1.250% per annum annually in arrears on each October 15, commencing October 15, 2019 (each, an “Interest Payment Date”), with the
interest computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2025 Notes (or January 15, 2019,
if no interest has been paid on the 2025 Notes), to, but excluding, the next scheduled 2025 Interest Payment Date, which payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market
Association. 
 If an Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as
applicable, will be made on the next Business Day with the same force and effect as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period from and after that Interest Payment Date or the
Maturity Date, as the case may be, to the date the payment is made. Interest payments will include accrued interest from and including the date of issue or from and including the last date in respect to which interest has been paid, as the case may
be, to, but excluding, the Interest Payment Date or the Maturity Date, as the case may be. 

  
 A–1 

 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof. Such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory
for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof or the Authenticating Agent referred to herein. 

  
 A–2 

 IN WITNESS WHEREOF, Emerson Electric Co. has caused this instrument to be signed by facsimile by its duly
authorized officers and has caused a facsimile of its corporate seal to be affixed hereunto or imprinted hereon. 
  

			
	EMERSON ELECTRIC CO.
		
	By:	 	 
		 	 Title: Senior Executive Vice President and Chief

Financial Officer

		
	By:	 	 
		 	Title: Vice President and Treasurer

 [SEAL] 

[FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION] 

This is one of the Securities described in the within-mentioned Indenture. 
  

							
	Dated:	 		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		 		 	 By ELAVON FINANCIAL SERVICES DAC, UK BRANCH,

as Authenticating Agent appointed by the Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

  
 A–3 

 [FORM OF REVERSE OF NOTE] 

EMERSON ELECTRIC CO. 
 1.250%
Notes due 2025 
 This Note is one of a duly authorized issue of unsecured debentures, notes or other evidence of indebtedness of the Issuer
(hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an indenture dated as of December 10, 1998 (herein called the “Original Indenture”), duly executed
and delivered by the Issuer to The Bank of New York Mellon Trust Company, N.A. (successor to The Bank of New York Mellon (formerly known as The Bank of New York)), as trustee (herein called the “Original Trustee”), as supplemented by a
First Supplemental Indenture dated as of January 15, 2019 (the “First Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), among the Issuer, the Original Trustee and Wells Fargo Bank, National
Association, as series trustee (herein called the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Issuer and the holders of the Securities. The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear
interest (if any) at different rates, may be subject to different redemption provisions (if any), may be subject to different sinking, purchase or analogous funds (if any) and may otherwise vary as in the Indenture provided. This Note is one of a
series designated as the 1.250% Notes due 2025 of the Issuer, limited in aggregate principal amount to €500,000,000 (herein called the “Notes”). 

The Notes of this series are redeemable, in whole or from time to time in part, at the Issuer’s option, prior to the Par Call Date (as
defined below), at a redemption price equal to the greater of (i) 100 percent of the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon
(exclusive of interest accrued to that Redemption Date) discounted to that Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined below) plus 25 basis points, plus, in either case,
accrued and unpaid interest on the principal amount being redeemed to that Redemption Date. 
 The Notes of this series are redeemable, in
whole or from time to time in part, at the Issuer’s option, on or after the Par Call Date, at a redemption price equal to 100 percent of the principal amount of the Notes being redeemed, plus accrued and unpaid interest on the principal
amount being redeemed to the applicable Redemption Date. 
 Notwithstanding the foregoing, installments of interest on the Notes which are
due and payable on an Interest Payment Date falling on or prior to the relevant Redemption Date shall be payable to the holders of those Notes, registered as such at the close of business on the relevant record date according to their terms and the
provisions of the Indenture. 
 Notice of any redemption will be mailed or otherwise transmitted in accordance with the applicable
procedures of Euroclear or Clearstream to each Holder of the Notes not less than 30 days but not more than 60 days before the Redemption Date of the Notes being redeemed. 

If less than all of the Notes of this series are to be redeemed, the Notes of this series to be redeemed shall be selected by the Paying Agent
by a method the Paying Agent deems to be fair and appropriate or, in the event that the Notes are represented by one or more Global Notes, beneficial interests therein shall be selected for redemption by Clearstream and Euroclear in accordance with
their respective applicable procedures therefor. If the Notes are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance with the requirements of the principal national securities exchange on which the
Notes are listed. Notwithstanding the foregoing, if less than all of the Notes are to be redeemed, no Notes of a principal amount of €100,000 or less shall be redeemed in part. 

“Comparable Government Bond Rate” means, with respect to any redemption date, the price, expressed as a percentage (rounded
to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption 

  
 A–4 

 
yield on this series of Notes to be redeemed, if they were to be purchased at such price on the third Business Day prior to the redemption date, would be equal to the gross redemption yield on
such Business Bay of the Comparable Government Bond (as defined below) on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by an independent investment
bank selected by the Issuer. 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate
calculation, at the discretion of an independent investment bank selected by the Issuer, a German federal government bond whose maturity is closest to the maturity of the applicable series of Notes to be redeemed, or if such independent investment
bank in its discretion determines that such similar bond is not in issue, such other German federal government bond as such independent investment bank may, with the advice of three brokers of, and/or market makers in, German federal government
bonds selected by the Issuer, determine to be appropriate for determining the Comparable Government Bond Rate. 
 “Par Call
Date” means July 15, 2025. 
 If, as a result of any change in, or amendment to, the laws (or any regulations or rulings
promulgated under the laws) or treaties of the United States (or any taxing authority in the United States), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations, rulings or
treaties, which change or amendment is announced or becomes effective on or after the date of issuance of the Notes, the Issuer becomes or will become obligated to pay additional amounts as described under Section 2.07 of the First Supplemental
Indenture with respect to the Notes, then the Issuer may at any time at its option redeem, in whole, but not in part, the outstanding Notes on not less than 15 nor more than 60 days’ prior notice, at a redemption price equal to 100 percent
of their principal amount, together with accrued and unpaid interest on those Notes to, but not including, the date fixed for redemption; provided such obligation cannot be avoided by its taking reasonable measures available to it, not including
substitution of the obligor under the Notes. 
 Pursuant to Section 2.07 of the First Supplemental Indenture, the Issuer will, subject
to the exceptions and limitations set forth in Section 2.07 of the First Supplemental Indenture, pay such additional amounts (“Additional Amounts”) as will result in the receipt by each beneficial owner of a Note that is not a United
States person (as defined below) of such amounts, after withholding or deduction for any present or future tax, assessment or other governmental charge imposed by the United States or a taxing authority in the United States (including any
withholding or deduction with respect to the payment of such Additional Amounts) as would have been received had no such withholding or deduction been required. 

As used herein, the term “United States” means the United States of America (including the states of the United States and the
District of Columbia and any political subdivision thereof) and the term “United States person” means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or
other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable Treasury
regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

Whenever in the Indenture (including in this Note) there is referenced, in any context, the payment of amounts based on the payment of
principal of, or premium, if any, or interest on, the Notes of this series, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional Amounts as described hereunder to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 
 The Indenture contains provisions for
defeasance at any time of the entire Indebtedness of this Note or certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

In case an Event of Default with respect to the Notes shall have occurred and be continuing, the principal hereof may be declared, and upon
such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

  
 A–5 

 The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of
the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding (as defined in the Indenture) of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute
supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the Securities of each such
series; provided, however, that no such supplemental indenture shall (i) extend the final maturity of any Security, or reduce the principal amount thereof or any premium thereon, or reduce the rate or extend the time of payment of any
interest thereon, or reduce any amount payable on redemption thereof or reduce the amount of the principal of an Original Issue Discount Security (as defined in the Indenture) payable upon acceleration thereof or the amount thereof provable in
bankruptcy, or impair or affect the rights of any Holder to institute suit for the payment thereof, or, if the Securities provide therefor, any right of repayment at the option of the Holder, without the consent of the Holder of each Security so
affected, or (ii) reduce the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holder of each Security affected. It is also provided in the Indenture
that, with respect to certain defaults or Events of Default regarding the Securities of any series, prior to any declaration accelerating the maturity of such Securities, the Holders of a majority in aggregate principal amount Outstanding of the
Securities of such series (or, in the case of certain defaults or Events of Default, all or certain series of the Securities) may on behalf of the Holders of all the Securities of such series (or all or certain series of the Securities, as the case
may be) waive any such past default or Event of Default and its consequences. The preceding sentence shall not, however, apply to a default in the payment of the principal of or premium, if any, or interest on any of the Securities. Any such consent
or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution
herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 
 No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note in the manner, at the respective
times, at the rate and in the coin or currency herein prescribed. 
 No Global Note may be transferred except as a whole by the Depositary
to a nominee of the Depositary. Subject to certain conditions, the Notes represented by the Global Note are exchangeable for certificated notes in definitive form of like tenor in minimum denominations of €100,000 principal amount and integral
multiples of €1,000 in excess thereof if: (1) the Depositary provides notification that it is unwilling, unable or no longer qualified to continue as depositary for the Global Note and a successor is not appointed by the Issuer within
90 days; (2) the Issuer has been notified that both Clearstream and Euroclear have been closed for business for a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention
permanently to cease business or have in fact done so and no successor clearing system is available, (3) the Issuer has or will become subject to adverse tax consequences which would not be suffered were the Notes represented by the Global Note
in definitive form, or (4) an event of default entitling the Holders of the applicable Notes to accelerate the maturity thereof has occurred and is continuing. Upon the occurrence of any of the preceding events, the Issuer will notify the
Trustee in writing that, upon surrender by the participants of their interest in such Global Note, Securities in definitive form will be issued to each Person that such participants and the Depositary identify as being the beneficial owner of the
related Securities. Beneficial interests in Global Notes may be exchanged for Securities in definitive form of the same series upon request but only upon at least 30 days’ prior written notice given to the Trustee by or on behalf of the
Depositary in accordance with customary procedures. 
 For purposes of the Notes, “Business Day” shall mean any day that is not a
Saturday or Sunday and that is not a day on which banking institutions are authorized or obligated by law or executive order to close in the City of New York or London and on which the Trans-European Automated Real-time Gross Settlement Express
Transfer system (the TARGET2 system), or any successor thereto, operates. 
 All terms used in this Note which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

  
 A–6 

 The acceptance of this Note shall be deemed to constitute the consent and agreement of the
Holder hereof to all of the terms and provisions of the Indenture. Terms used herein which are defined in the Indenture shall have the respective meanings assigned thereto in the Indenture. 

THE INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES THEREOF. 

  
 A–7 

 ASSIGNMENT FORM 

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

(Insert assignee’s social security or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                        
as agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

			
		
	 Your Signature:
	  	 
		  	 (Sign exactly as your name appears on the other side of this Note)

		
	 Your Name:
	  	 

 Date:
                                        

  

					
			
	 Signature Guarantee:
	  	 	 	*

  

	*	 NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized
signature Guarantee Programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program
acceptable to the Trustee. 

  
 A–8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of an interest in this Global Note for an interest in another Global Note or for a Definitive Security, or exchanges of an interest in
another Global Note or a Definitive Security for an interest in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of
this Global Note	  	Amount of increase
in Principal Amount of
this Global Note	  	Principal Amount of this
Global Note following
such decrease or increase	  	Signature of authorized
signatory or Trustee or
Securities Custodian

 

  
 A–9 

 EXHIBIT B 

FORM OF GLOBAL 2029 NOTE 

[FACE OF GLOBAL NOTE] 
 THIS SECURITY
IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN
THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND NO TRANSFER OF THIS SECURITY (OTHER THAN A TRANSFER OF THIS SECURITY AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY) MAY BE REGISTERED EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 
 UNLESS THIS SECURITY IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK S.A./N.V., AS OPERATOR OF THE EUROCLEAR SYSTEM (“EUROCLEAR”), AND CLEARSTREAM BANKING, S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR,
“EUROCLEAR/CLEARSTREAM”) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF USB NOMINEES (UK) LIMITED AS NOMINEE OF ELAVON FINANCIAL SERVICES DAC AS COMMON
DEPOSITARY (THE “DEPOSITARY”) OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO USB NOMINEES (UK) LIMITED OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, USB NOMINEES (UK) LIMITED, HAS AN INTEREST HEREIN. 

EMERSON ELECTRIC CO. 

2.000% Note due 2029 
  

			
	 €500,000,000
	  	No.: A-1
		  	CUSIP: 291011 BJ2
	 Issue Date: January 15, 2019
	  	ISIN: XS1916073254
		  	Common Code: 191607325

 Emerson Electric Co., a Missouri corporation (the “Issuer”), for value received, hereby promises to pay to USB
Nominees (UK) Limited, as nominee of the common depositary for Euroclear and Clearstream, or registered assigns, the principal sum of €500,000,000, or such other principal sum as shall be set forth in the Schedule of Exchanges of Interests
attached hereto, on October 15, 2029 (the “Maturity Date”), and to pay interest at 2.000% per annum annually in arrears on each October 15, commencing October 15, 2019 (each, an “Interest Payment Date”), with the
interest computed on the basis of the actual number of days in the period for which interest is being calculated and the actual number of days from and including the last date on which interest was paid on the 2029 Notes (or January 15, 2019,
if no interest has been paid on the 2029 Notes), to, but excluding, the next scheduled 2029 Interest Payment Date, which payment convention is referred to as ACTUAL/ACTUAL (ICMA) as defined in the rulebook of the International Capital Market
Association. 
 If an Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the related payment of interest or principal, as
applicable, will be made on the next Business Day with the same force and effect as if it were made on the date the payment was due, and no interest will accrue on the amount so payable for the period from and after that Interest Payment Date or the
Maturity Date, as the case may be, to the date the payment is made. Interest payments will include accrued interest from and including the date of issue or from and including the last date in respect to which interest has been paid, as the case may
be, to, but excluding, the Interest Payment Date or the Maturity Date, as the case may be. 

  
 B–1 

 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof. Such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 This Note shall not be valid or become obligatory
for any purpose until the certificate of authentication hereon shall have been signed by the Trustee under the Indenture referred to on the reverse hereof or the Authenticating Agent referred to herein. 

  
 B–2 

 IN WITNESS WHEREOF, Emerson Electric Co. has caused this instrument to be signed by facsimile by its duly
authorized officers and has caused a facsimile of its corporate seal to be affixed hereunto or imprinted hereon. 
  

			
	EMERSON ELECTRIC CO.
		
	By:	 	 
		 	 Title: Senior Executive Vice President and Chief

Financial Officer

		
	By:	 	 
		 	Title: Vice President and Treasurer

 [SEAL] 

[FORM OF TRUSTEE’S CERTIFICATE OF AUTHENTICATION] 

This is one of the Securities described in the within-mentioned Indenture. 
  

							
	Dated:	 		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

		 		 	 By ELAVON FINANCIAL SERVICES DAC, UK BRANCH,

as Authenticating Agent appointed by the Trustee

				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

  
 B–3 

 [FORM OF REVERSE OF NOTE] 

EMERSON ELECTRIC CO. 
 2.000%
Notes due 2029 
 This Note is one of a duly authorized issue of unsecured debentures, notes or other evidence of indebtedness of the Issuer
(hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an indenture dated as of December 10, 1998 (herein called the “Original Indenture”), duly executed
and delivered by the Issuer to The Bank of New York Mellon Trust Company, N.A. (successor to The Bank of New York Mellon (formerly known as The Bank of New York)), as trustee (herein called the “Original Trustee”), as supplemented by a
First Supplemental Indenture dated as of January 15, 2019 (the “First Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), among the Issuer, the Original Trustee and Wells Fargo Bank, National
Association, as series trustee (herein called the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Issuer and the holders of the Securities. The Securities may be issued in one or more series, which different series may be issued in various aggregate principal amounts, may mature at different times, may bear
interest (if any) at different rates, may be subject to different redemption provisions (if any), may be subject to different sinking, purchase or analogous funds (if any) and may otherwise vary as in the Indenture provided. This Note is one of a
series designated as the 2.000% Notes due 2029 of the Issuer, limited in aggregate principal amount to €500,000,000 (herein called the “Notes”). 

The Notes of this series are redeemable, in whole or from time to time in part, at the Issuer’s option, prior to the Par Call Date (as
defined below), at a redemption price equal to the greater of (i) 100 percent of the principal amount of the Notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon
(exclusive of interest accrued to that Redemption Date) discounted to that Redemption Date on an annual basis (ACTUAL/ACTUAL (ICMA)) at the applicable Comparable Government Bond Rate (as defined below) plus 30 basis points, plus, in either case,
accrued and unpaid interest on the principal amount being redeemed to that Redemption Date. 
 The Notes of this series are redeemable, in
whole or from time to time in part, at the Issuer’s option, on or after the Par Call Date, at a redemption price equal to 100 percent of the principal amount of the Notes being redeemed, plus accrued and unpaid interest on the principal
amount being redeemed to the applicable Redemption Date. 
 Notwithstanding the foregoing, installments of interest on the Notes which are
due and payable on an Interest Payment Date falling on or prior to the relevant Redemption Date shall be payable to the holders of those Notes, registered as such at the close of business on the relevant record date according to their terms and the
provisions of the Indenture. 
 Notice of any redemption will be mailed or otherwise transmitted in accordance with the applicable
procedures of Euroclear or Clearstream to each Holder of the Notes not less than 30 days but not more than 60 days before the Redemption Date of the Notes being redeemed. 

If less than all of the Notes of this series are to be redeemed, the Notes of this series to be redeemed shall be selected by the Paying Agent
by a method the Paying Agent deems to be fair and appropriate or, in the event that the Notes are represented by one or more Global Notes, beneficial interests therein shall be selected for redemption by Clearstream and Euroclear in accordance with
their respective applicable procedures therefor. If the Notes are listed on any national securities exchange, Euroclear or Clearstream will select Notes in compliance with the requirements of the principal national securities exchange on which the
Notes are listed. Notwithstanding the foregoing, if less than all of the Notes are to be redeemed, no Notes of a principal amount of €100,000 or less shall be redeemed in part. 

“Comparable Government Bond Rate” means, with respect to any redemption date, the price, expressed as a percentage (rounded
to three decimal places, with 0.0005 being rounded upwards), at which the gross redemption 

  
 B–4 

 
yield on this series of Notes to be redeemed, if they were to be purchased at such price on the third Business Day prior to the redemption date, would be equal to the gross redemption yield on
such Business Bay of the Comparable Government Bond (as defined below) on the basis of the middle market price of the Comparable Government Bond prevailing at 11:00 a.m. (London time) on such Business Day as determined by an independent investment
bank selected by the Issuer. 
 “Comparable Government Bond” means, in relation to any Comparable Government Bond Rate
calculation, at the discretion of an independent investment bank selected by the Issuer, a German federal government bond whose maturity is closest to the maturity of the applicable series of Notes to be redeemed, or if such independent investment
bank in its discretion determines that such similar bond is not in issue, such other German federal government bond as such independent investment bank may, with the advice of three brokers of, and/or market makers in, German federal government
bonds selected by the Issuer, determine to be appropriate for determining the Comparable Government Bond Rate. 
 “Par Call
Date” means July 15, 2029. 
 If, as a result of any change in, or amendment to, the laws (or any regulations or rulings
promulgated under the laws) or treaties of the United States (or any taxing authority in the United States), or any change in, or amendments to, an official position regarding the application or interpretation of such laws, regulations, rulings or
treaties, which change or amendment is announced or becomes effective on or after the date of issuance of the Notes, the Issuer becomes or will become obligated to pay additional amounts as described under Section 2.07 of the First Supplemental
Indenture with respect to the Notes, then the Issuer may at any time at its option redeem, in whole, but not in part, the outstanding Notes on not less than 15 nor more than 60 days’ prior notice, at a redemption price equal to 100 percent
of their principal amount, together with accrued and unpaid interest on those Notes to, but not including, the date fixed for redemption; provided such obligation cannot be avoided by its taking reasonable measures available to it, not including
substitution of the obligor under the Notes. 
 Pursuant to Section 2.07 of the First Supplemental Indenture, the Issuer will, subject
to the exceptions and limitations set forth in Section 2.07 of the First Supplemental Indenture, pay such additional amounts (“Additional Amounts”) as will result in the receipt by each beneficial owner of a Note that is not a United
States person (as defined below) of such amounts, after withholding or deduction for any present or future tax, assessment or other governmental charge imposed by the United States or a taxing authority in the United States (including any
withholding or deduction with respect to the payment of such Additional Amounts) as would have been received had no such withholding or deduction been required. 

As used herein, the term “United States” means the United States of America (including the states of the United States and the
District of Columbia and any political subdivision thereof) and the term “United States person” means any individual who is a citizen or resident of the United States for U.S. federal income tax purposes, a corporation, partnership or
other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that is not treated as a United States person under any applicable Treasury
regulations), or any estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

Whenever in the Indenture (including in this Note) there is referenced, in any context, the payment of amounts based on the payment of
principal of, or premium, if any, or interest on, the Notes of this series, or any other amount payable thereunder or with respect thereto, such reference will be deemed to include the payment of Additional Amounts as described hereunder to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 
 The Indenture contains provisions for
defeasance at any time of the entire Indebtedness of this Note or certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 

In case an Event of Default with respect to the Notes shall have occurred and be continuing, the principal hereof may be declared, and upon
such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

  
 B–5 

 The Indenture contains provisions permitting the Issuer and the Trustee, with the consent of
the Holders of not less than a majority in aggregate principal amount of the Securities at the time Outstanding (as defined in the Indenture) of all series to be affected (voting as one class), evidenced as in the Indenture provided, to execute
supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental indenture or modifying in any manner the rights of the Holders of the Securities of each such
series; provided, however, that no such supplemental indenture shall (i) extend the final maturity of any Security, or reduce the principal amount thereof or any premium thereon, or reduce the rate or extend the time of payment of any
interest thereon, or reduce any amount payable on redemption thereof or reduce the amount of the principal of an Original Issue Discount Security (as defined in the Indenture) payable upon acceleration thereof or the amount thereof provable in
bankruptcy, or impair or affect the rights of any Holder to institute suit for the payment thereof, or, if the Securities provide therefor, any right of repayment at the option of the Holder, without the consent of the Holder of each Security so
affected, or (ii) reduce the aforesaid percentage of Securities, the Holders of which are required to consent to any such supplemental indenture, without the consent of the Holder of each Security affected. It is also provided in the Indenture
that, with respect to certain defaults or Events of Default regarding the Securities of any series, prior to any declaration accelerating the maturity of such Securities, the Holders of a majority in aggregate principal amount Outstanding of the
Securities of such series (or, in the case of certain defaults or Events of Default, all or certain series of the Securities) may on behalf of the Holders of all the Securities of such series (or all or certain series of the Securities, as the case
may be) waive any such past default or Event of Default and its consequences. The preceding sentence shall not, however, apply to a default in the payment of the principal of or premium, if any, or interest on any of the Securities. Any such consent
or waiver by the Holder of this Note (unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Note and any Notes which may be issued in exchange or substitution
herefor, irrespective of whether or not any notation thereof is made upon this Note or such other Notes. 
 No reference herein to the
Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note in the manner, at the respective
times, at the rate and in the coin or currency herein prescribed. 
 No Global Note may be transferred except as a whole by the Depositary
to a nominee of the Depositary. Subject to certain conditions, the Notes represented by the Global Note are exchangeable for certificated notes in definitive form of like tenor in minimum denominations of €100,000 principal amount and integral
multiples of €1,000 in excess thereof if: (1) the Depositary provides notification that it is unwilling, unable or no longer qualified to continue as depositary for the Global Note and a successor is not appointed by the Issuer within
90 days; (2) the Issuer has been notified that both Clearstream and Euroclear have been closed for business for a continuous period of 14 days (other than by reason of holiday, statutory or otherwise) or have announced an intention
permanently to cease business or have in fact done so and no successor clearing system is available, (3) the Issuer has or will become subject to adverse tax consequences which would not be suffered were the Notes represented by the Global Note
in definitive form, or (4) an event of default entitling the Holders of the applicable Notes to accelerate the maturity thereof has occurred and is continuing. Upon the occurrence of any of the preceding events, the Issuer will notify the
Trustee in writing that, upon surrender by the participants of their interest in such Global Note, Securities in definitive form will be issued to each Person that such participants and the Depositary identify as being the beneficial owner of the
related Securities. Beneficial interests in Global Notes may be exchanged for Securities in definitive form of the same series upon request but only upon at least 30 days’ prior written notice given to the Trustee by or on behalf of the
Depositary in accordance with customary procedures. 
 For purposes of the Notes, “Business Day” shall mean any day that is not a
Saturday or Sunday and that is not a day on which banking institutions are authorized or obligated by law or executive order to close in the City of New York or London and on which the Trans-European Automated Real-time Gross Settlement Express
Transfer system (the TARGET2 system), or any successor thereto, operates. 
 All terms used in this Note which are defined in the Indenture
shall have the meanings assigned to them in the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 

  
 B–6 

 The acceptance of this Note shall be deemed to constitute the consent and agreement of the
Holder hereof to all of the terms and provisions of the Indenture. Terms used herein which are defined in the Indenture shall have the respective meanings assigned thereto in the Indenture. 

THE INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO
CONFLICTS OF LAW PRINCIPLES THEREOF. 

  
 B–7 

 ASSIGNMENT FORM 

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

(Insert assignee’s social security or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name,
address and zip code) 
 and irrevocably appoint
                                        
as agent to transfer this Note on the books of the Issuer. The agent may substitute another to act for him. 
  

			
		
	 Your Signature:
	  	 
		  	(Sign exactly as your name appears on the other side of this Note)
		
	 Your Name:
	  	 

 Date:
                                        

  

					
			
	 Signature Guarantee:
	  	 	 	*

  

	*	 NOTICE: The Signature must be guaranteed by an Institution which is a member of one of the following recognized
signature Guarantee Programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange Medallion Program (MNSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) such other guarantee program
acceptable to the Trustee. 

  
 B–8 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of an interest in this Global Note for an interest in another Global Note or for a Definitive Security, or exchanges of an interest in
another Global Note or a Definitive Security for an interest in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease
in Principal Amount of
this Global Note	  	Amount of increase
in Principal Amount of
this Global Note	  	Principal Amount of this
Global Note following
such decrease or increase	  	Signature of authorized
signatory or Trustee or
Securities Custodian

 

  
 B–9EX-4.2

 Exhibit 4.2 

DATED JANUARY 15, 2019 

ISSUER 
 EMERSON ELECTRIC
CO. 
 PAYING AGENT 

ELAVON FINANCIAL SERVICES DAC, UK BRANCH 

TRANSFER AGENT 
 U.S. BANK
NATIONAL ASSOCIATION 
 REGISTRAR 

U.S. BANK NATIONAL ASSOCIATION 
 -
AND - 
 SERIES TRUSTEE 

WELLS FARGO BANK, NATIONAL ASSOCIATION 

AGENCY AGREEMENT 
 relating
to Notes issued pursuant to a registration statement 
 including a base prospectus, dated November 20, 2017, 

and a prospectus supplement dated January 8, 2019 

 THIS AGREEMENT is made on January 15, 2019 

BETWEEN: 
  

	 	(1)	 EMERSON ELECTRIC CO., a Missouri corporation (the “Issuer”); 

 

	 	(2)	 ELAVON FINANCIAL SERVICES DAC, UK BRANCH, a designated activity company registered in Ireland with the
Companies Registration Office, registered number 418442, with its registered office at Building 8, Cherrywood Business Park, Loughlinstown, Dublin 18, Ireland, D18 W319 acting through its UK Branch (registered number BR009373) from its offices at
125 Old Broad Street, Fifth Floor, London EC2N 1AR under the trade name U.S. Bank Global Corporate Trust Services, as Paying Agent (the “Paying Agent” which expression shall include any successor paying agent appointed in accordance
with this Agreement); 

  

	 	(3)	 U.S. BANK NATIONAL ASSOCIATION, a national banking association chartered under the federal laws of the United
States of America with an office at 100 Wall Street, New York, New York 10005, as Transfer Agent (the “Transfer Agent” which expression shall include any successor transfer agent appointed in accordance with this Agreement);

  

	 	(4)	 U.S. BANK NATIONAL ASSOCIATION, a national banking association chartered under the federal laws of the United
States of America with an office at 100 Wall Street, New York, New York 10005, as Registrar (the “Registrar” which expression shall include any successor registrar appointed in accordance with this Agreement); and

  

	 	(5)	 WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association chartered under the federal laws of the
United States of America with its corporate trust office for purposes of the Indenture at 150 East 42nd Street, 40th Floor, New York, New York
10017, Attention: Corporate Trust Services, as Series Trustee (the “Series Trustee”). 

 WHEREAS: 

 

	 	(A)	 The Issuer has agreed to issue €500,000,000 aggregate principal amount of its 1.250% notes due 2025 and
€500,000,000 aggregate principal amount of its 2.000% notes due 2029 (together, the “Notes”). 

  

	 	(B)	 The Notes are to be constituted by an Indenture, dated as of December 10, 1998, by and among the Issuer,
as issuer, and The Bank of New York Mellon Trust Company, N.A., as successor to The Bank of New York Mellon (formerly known as the Bank of New York) (the “Original Trustee”), as the trustee (the “Base Indenture”),
as supplemented by the First Supplemental Indenture, dated as of January 15, 2019, by and among the Issuer, the Original Trustee and the Series Trustee (the “Supplemental Indenture” and, together with the Base Indenture, the
“Indenture”), as set out in Appendix 1. 

  

	 	(C)	 The Issuer hereby appoints the Paying Agent, the Transfer Agent and the Registrar in accordance with the terms
of this Agreement and the Indenture, it being understood that the Paying Agent shall act as the “Paying Agent” under the Indenture and the Transfer Agent and Registrar shall act as the “Security Registrar” under the Indenture.

 IT IS AGREED: 
 1.
INTERPRETATION 
 1.1. Unless the context otherwise requires: 

1.2. References in this Agreement to the payment of principal or interest in respect of any Note shall be deemed to include any additional amounts which may
become payable in respect thereof pursuant to the Notes and the Indenture. 

  
 2 

 1.3. All references in this Agreement to an agreement, instrument or other document (including this
Agreement, the Indenture and the Notes) shall be construed as a reference to that agreement, instrument or document as the same may be amended, modified, varied, supplemented or novated from time to time. This Agreement shall be read together with,
and interpreted in light of the provisions of, the Indenture. In the event of any conflict or inconsistency between the Indenture and this Agreement, the Indenture shall prevail. 

1.4. Except as specifically set forth in this Agreement, this Agreement is for the exclusive benefit of the parties to this Agreement and their respective
permitted successors, and shall not be deemed to give, either expressly or implicitly, any legal or equitable right, remedy, or claim to any other entity or person whatsoever. 

2. APPOINTMENT OF THE REGISTRAR 
 2.1. The Issuer hereby
appoints the Registrar, and the Registrar hereby agrees to act at its specified office as registrar in relation to the Notes in accordance with the provisions of this Agreement and the Indenture and upon the terms and subject to the conditions
contained in this Agreement and the Indenture. 
 2.2. On the date of this Agreement, the Registrar shall provide to the Paying Agent a complete and correct
copy of the register maintained by the Registrar in respect of the holders of Notes and the outstanding principal amount of Notes held by each holder of Notes. 

2.3. The Registrar shall from time to time provide to the Paying Agent a complete and correct copy of the register of Notes maintained by it as soon as
reasonably practicable following any transfer or exchange of any Notes, and promptly on request therefor by the Paying Agent. 
 2.4. The Paying Agent shall
be entitled to treat as conclusive the most recent copy of the register provided to it by the Registrar in accordance with this Agreement. 
 3.
APPOINTMENT OF THE TRANSFER AGENT 
 3.1. The Transfer Agent is hereby appointed as the agent of the Issuer, to act as Transfer Agent for the purposes
specified in this Agreement, the Indenture and the Notes, including, inter alia, completing, authenticating, holding and delivering Notes, upon the terms and subject to the conditions specified herein, in the Indenture and in the Notes, and the
Transfer Agent hereby accepts such appointment. In such capacity, the Series Trustee has appointed pursuant to the First Supplemental Indenture and authorized the Paying Agent, and the Paying Agent hereby accepts such appointment, to serve as the
Authenticating Agent (as defined in the Indenture) for the Notes. 
 4. APPOINTMENT OF PAYING AGENT 

4.1. The Issuer hereby appoints the Paying Agent, and the Paying Agent hereby agrees, to act at its specified office as paying agent in relation to the Notes
in accordance with the provisions of this Agreement and the Indenture and upon the terms and subject to the conditions contained in this Agreement and the Indenture. 

4.2. The Paying Agent is appointed hereunder for the purposes of: 

(a) paying sums due on the Notes referred to in Section 2.08 of the Supplemental Indenture; and 

(b) otherwise fulfilling its duties and obligations as set out in this Agreement and the Indenture. 

5. PAYMENT 
 Subject always to the Indenture and, in
particular, any restrictions on the Issuer following delivery of a notice of an Event of Default (as defined in the Base Indenture) of the Issuer: 
 (a)
The Issuer shall, not later than 10:00 am (London time) on the Business Day on which any payment in respect of the Notes becomes due, pay to such account of the Paying Agent as the Paying Agent and shall specify in Euros in

  
 3 

 
immediately available funds on each due date for the payment of principal and/or interest and/or other amounts referred to in Section 2.08 of the Supplemental Indenture in respect of the
Notes, an amount sufficient (together with any funds then held by the Paying Agent and available for the purpose) to pay all principal and interest and/or other amounts referred to in Section 2.08 of the Supplemental Indenture due in respect of
the Notes on such date; provided that if any such date is not a Business Day such payment shall be made on the next succeeding date which is a Business Day. As used in this Agreement, “Business Day” shall have the meaning as set forth in
the Supplemental Indenture. 
 (b) The Issuer hereby authorises and directs the Paying Agent from funds so paid to the Paying Agent to make payment of all
amounts due on the Notes in accordance with the terms of the Notes, the Indenture and the provisions of this Agreement. If any payment provided for in clause 5(a) of this Agreement is after the date specified therein but otherwise in accordance with
the provisions of this Agreement, the Paying Agent shall nevertheless make payments in respect of the Notes as aforesaid following receipt by the Paying Agent of such payment. 

(c) If the Paying Agent has not, on the date on which any payment is due to be made to the Paying Agent pursuant to clause 5(a) of this Agreement, received
the full amount payable in respect thereof on such date but receives such full amount later, together with accrued interest (if any) in accordance with the Indenture, it shall forthwith so notify the Issuer and the Series Trustee. Unless and until
the full amount of any such principal or interest payment has been made to it, the Paying Agent will not be bound to make such payments. 
 (d) Without
prejudice to clause 5(b) of this Agreement, if the Paying Agent pays out on or after the due date therefor (other than as a result of its own negligence or wilful misconduct or that of its directors, officers, employees or agents) to persons
entitled thereto, or becomes liable to pay out, any amounts on the assumption (which is not negated by reasonable evidence to the contrary) that the corresponding payment by the Issuer has been or will be made, the Issuer shall on demand reimburse
the Paying Agent for the relevant amount, and pay interest to the Paying Agent on such amount from (and including) the date on which it is paid out to (but excluding) the date of reimbursement at the rate per annum equal to the cost to the Paying
Agent of funding the amount paid out, as certified by the Paying Agent and expressed as a rate per annum. 
 (e) Payment of only part of the amount payable
in respect of a Note may only be made at the discretion of the relevant Noteholder(s) (except as the result of a withholding or deduction for or on account of any taxes permitted by the Indenture). If at any time the Paying Agent makes a partial
payment in respect of any Note presented to it, it shall inform the Registrar of the same such that the Registrar may record the same on the register of Notes. 

6. REPAYMENT 
 Any sums paid by, or by arrangement with,
the Issuer to the Paying Agent pursuant to the terms of this Agreement shall not be required to be repaid to the Issuer unless and until the Notes in respect of which such sums were paid shall have been purchased or redeemed by the Issuer or any
other subsidiary of the Issuer and cancelled, but in any of these events the Paying Agent shall (provided that all other amounts due under this Agreement shall have been duly paid) upon written request by the Issuer forthwith repay to the Issuer
sums equivalent to the amounts which would otherwise have been payable on the relevant Notes together with any fees previously paid to the Paying Agent in respect of such Notes. Notwithstanding the foregoing, the Paying Agent shall not be obliged to
make any repayment to the Issuer so long as any amounts which under this Agreement should have been paid to or to the order of the Paying Agent by the Issuer shall remain unpaid. The Paying Agent shall not, however, be otherwise required or entitled
to repay any sums properly received by it under this Agreement. 
 7. REDEMPTION; NOTICE OF WITHHOLDING OR DEDUCTION 

7.1. The Issuer shall provide to the Paying Agent a copy of all notices of redemption delivered under the Indenture in respect of the Notes that it serves on
the holders of the Notes including, without limitation, details of the date(s) on which such redemptions in respect of the Notes are to be made, all amounts required to be paid by the Issuer in respect thereof in accordance with the Indenture and
the manner in which such redemption will be effected. 

  
 4 

 7.2. If (i) the Issuer, in respect of any payment, or (ii) the Paying Agent, in respect of any
payment of principal of or any premium or interest on the Notes, is required to withhold or deduct any amount for or on account of tax: 
 (a) the Issuer
shall give notice thereof to the Paying Agent and the Series Trustee as soon as it becomes aware of such requirement and shall give to the Paying Agent such information as the Paying Agent requires to enable it to make such deduction or withholding;
and 
 (b) except where such requirement arises as a result of redemption of the Notes in accordance with the Indenture or by virtue of the relevant holder
failing to satisfy any certification or other requirement in respect of its Notes, the Paying Agent shall give notice thereof to the Issuer and the Series Trustee as soon as it becomes aware of the requirement to withhold or deduct. 

8. RECORDS 
 The Paying Agent shall: 

(a) keep a full and complete record of all payments made by it in respect of the Notes; and 

(b) make such records available at all reasonable times to the Issuer and any persons authorised by it, and the Series Trustee for inspection and for the
taking of copies thereof. 
 9. FEES AND EXPENSES 

9.1. The Issuer will pay to the Paying Agent, Transfer Agent and Registrar such fees and expenses in respect of the Paying Agent, Transfer Agent and
Registrar’s services under this Agreement as set forth in the fee letter dated September 5, 2018, from U.S. Bank Global Corporate Trust Services to the Issuer. 

9.2. The Issuer will also pay on demand, against presentation of such invoices and receipts as it may reasonably require, all documented out-of-pocket expenses (including necessary advertising, facsimile and telex transmission, postage and insurance expenses and, subject to prior approval by the Issuer as set
forth below, the fees and expenses of legal advisers) properly incurred by the Paying Agent, Transfer Agent and Registrar in connection with the services under this Agreement, together with any applicable value added tax or similar tax properly
chargeable thereon. Payment by the Issuer to the Paying Agent, Transfer Agent and Registrar of such documented out-of-pocket expenses shall be a good discharge of the
obligations of the Issuer in respect thereof. Where the advice of legal counsel is sought by the Paying Agent, Transfer Agent or Registrar, the fees of any such counsel shall be agreed to by the Issuer (acting reasonably) in advance. 

10. INDEMNITY 
 10.1. The Issuer undertakes to indemnify
and hold harmless, the Paying Agent, Transfer Agent, Registrar and each of its respective directors, officers, employees or agents (each an “Indemnified Party”) on demand by such Indemnified Party against any losses, liabilities,
costs, fees, expenses, claims, actions, damages or demands (including, but not limited to, all reasonable costs, charges and expenses paid or incurred in disputing or defending the foregoing and the properly incurred fees and expenses of legal
advisers) which such Indemnified Party may incur or which may be made against it, as a result of or in connection with the appointment or the exercise of or performance of its powers and duties under this Agreement, except such as may result from
its own gross negligence, wilful misconduct or fraud or that of its directors, officers, employees or agents. 
 10.2. The indemnity contained in clause
10.1 above shall survive the termination and expiry of this Agreement. 
 11. CONDITIONS OF APPOINTMENT 

11.1. The Paying Agent shall (a) hold all sums received by it in accordance with this Agreement and the Indenture for the payment of principal of or any
premium or interest on the Notes (whether such sums have been paid to it by the Issuer or by any other obligor on the Notes) for the benefit of the holders of the Notes or of the Series Trustee until such sums shall be paid to such persons or
otherwise disposed of as provided in this Agreement and the Indenture; (b) give the Series Trustee notice of any default by the Issuer (or any other obligor upon the Notes) in the making of any payment of principal of or premium or interest on
the Notes when the same shall be due and payable; and (c) at any time during the continuance of any such default, upon the written request of the Series Trustee, forthwith pay to the Series Trustee all sums held by the Paying Agent in trust for
payment in respect of the Notes. 

  
 5 

 11.2. No monies held by the Paying Agent need be segregated except as required by law. 

11.3. In acting under this Agreement and in connection with the Notes, the Paying Agent, Transfer Agent and Registrar shall act solely as agent of the Issuer
and, save solely in respect of its obligations under clause 11.1 hereof, shall not have any obligations towards or relationship of agency or trust with any of the holders of the Notes or the Series Trustee. 

11.4. The Paying Agent, Transfer Agent and Registrar shall be obliged to perform such duties and only such duties as are specifically set out in this
Agreement. No implied duties or obligations shall be read into such document. The Paying Agent, Transfer Agent and Registrar shall not be obliged to perform any duties additional to or different from such duties resulting from any modification or
supplement after the date hereof to any relevant documents (including, without limitation, the Indenture), unless it shall have previously agreed to perform such duties. The Paying Agent, Transfer Agent and Registrar shall not be under any
obligation to take any action hereunder which any party expects, and has thus notified the Issuer in writing, will result in any expense or liability of such Paying Agent, Transfer Agent or Registrar, the payment of which within a reasonable time is
not, in its opinion, assured to it. 
 11.5. Except as ordered by a court of competent jurisdiction or as required by law, the Paying Agent shall be
entitled to treat the holder of any Note (as evidenced by the register of Notes maintained by the Registrar) as the absolute owner thereof for all purposes (whether or not it is overdue and notwithstanding any notice to the contrary or any notice of
ownership, trust or any interest in it, any writing on it, or its theft or loss) and shall not be required to obtain any proof thereof or as to the identity of the bearer or holder. 

11.6. The Paying Agent, Transfer Agent and Registrar may consult with any legal or other professional advisers (who may be an employee of or legal adviser to
the Issuer) selected by it, at the cost of the Issuer, provided that the fees of any such counsel shall be agreed to by the Issuer (acting reasonably) in advance, and the opinion of such advisers shall be full and complete protection in respect of
any action taken, omitted or suffered hereunder in accordance with the written opinion of such advisers. 
 11.7. The Paying Agent, Transfer Agent and
Registrar shall be protected and shall incur no liability for or in respect of any action taken, suffered or omitted by it in reliance upon any instruction, request or order from the Issuer or upon any Note, notice, resolution, direction, consent,
certificate, affidavit, statement, telex, facsimile transmission or other document or information from any electronic or other source reasonably believed by it to be genuine and to have been signed or otherwise given or disseminated by the proper
party or parties, even if it is subsequently found not to be genuine or to be incorrect. 
 11.8. The Paying Agent, Transfer Agent and Registrar, whether
acting for itself or in any other capacity, will not be precluded from becoming the owner of, or acquiring any interest in, holding or disposing of any Note or any shares or other securities of the Issuer or any of its subsidiaries, holding or
associated companies (each a “Connected Company”), with the same rights as it would have had if it were not acting as Paying Agent or from entering into or being interested in any contracts or transactions with any Connected Company
or from acting on, or as depositary, trustee or agent for, any committee or body of holders of any securities of any Connected Company and will not be liable to account for any profit. 

11.9. The Paying Agent shall not be required to make any payments to any holder of a Note if under any laws or regulations affecting the Paying Agent, such
payment is not permitted. In the event of any such laws or regulations affecting the Paying Agent coming to the attention of the Paying Agent it shall forthwith notify the Issuer and the Series Trustee. 

11.10. The Issuer shall use its reasonable best efforts to do or cause to be done all such acts, matters and things and shall make available all such
documents as shall be necessary or desirable to enable the Paying Agent, Transfer Agent and Registrar to fully comply with and carry out its respective duties and obligations hereunder. 

  
 6 

 11.11. In no event shall the Paying Agent, Transfer Agent or Registrar or any of its affiliates or any of
their respective officers, directors, employees, agents, advisors or representatives (collectively, “Agent Parties”) have any liability for damages of any kind, including, without limitation, direct or indirect, special, incidental
or consequential damages, losses or expenses (whether in tort, contract or otherwise), except to the extent the liability of the Paying Agent, Transfer Agent or Registrar is found in a final non-appealable
judgment by a court of competent jurisdiction to have resulted primarily from the gross negligence, wilful misconduct or fraud of the Paying Agent, Transfer Agent or Registrar or their Agent Parties. 

11.12. Notwithstanding anything contained in this Agreement to the contrary, the Paying Agent, Transfer Agent and the Registrar shall not incur any liability
for not performing any act or fulfilling any obligation hereunder by reason of any occurrence beyond its control including, without limitation, (i) any governmental activity (whether de jure or de facto), act of authority (whether lawful or
unlawful), compliance with any governmental or regulatory order, rule, regulation or direction, curfew restriction, expropriation, compulsory acquisition, seizure, requisition, nationalisation or the imposition of currency or currency control
restrictions; (ii) any failure of or the effect of rules or operations of any funds transfer, settlement or clearing system, interruption, loss or malfunction of utilities, communications or computer services or the payment or repayment of any
cash or sums arising from the application of any law or regulation in effect now or in the future, or from the occurrence of any event in the country in which such cash is held which may affect, limit, prohibit or prevent the transferability,
convertibility, availability, payment or repayment of any cash or sums until such time as such law, regulation or event shall no longer affect, limit, prohibit or prevent such transferability, convertibility, availability, payment or repayment (and
in no event, other than as provided in the Notes, shall the Paying Agent be obliged to substitute another currency for a currency whose transferability, convertibility or availability has been affected, limited, prohibited or prevented by such law,
regulation or event or be obliged to pay any penalty interest); (iii) any strike or work stoppage, go slow, occupation of premises, other industrial action or dispute or any breach of contract by any essential personnel; (iv) any equipment or
transmission failure or failure of applicable banking or financial systems; (v) any war, armed conflict including but not limited to hostile attack, hostilities, or acts of a foreign enemy; (vi) any riot, insurrection, civil commotion or
disorder, mob violence or act of civil disobedience; (vii) any act of terrorism or sabotage; (viii) any explosion, fire, destruction of machines, equipment or any kind of installation, prolonged breakdown of transport, radioactive
contamination, nuclear fusion or fission or electric current; (ix) any epidemic, natural disaster (such as but not limited to violent storm, hurricane, blizzard, earthquake, landslide, tidal wave, flood, damage or destruction by lightning, or
drought); or (x) any other act of God; it being understood that the Paying Agent, Transfer Agent and the Registrar shall use reasonable efforts to resume performance as soon as practicable under the circumstances. 

11.13. Pursuant to and in accordance with the procedures set forth in Section 10.3 and 10.4 of the Base Indenture (i) in connection with the
satisfaction and discharge of the Indenture with respect to any series of the Notes, all moneys then held by the Paying Agent under the provisions of the Indenture with respect to such series of the Notes shall, upon demand of the Issuer, be repaid
to it or paid to the Series Trustee and thereupon the Paying Agent shall be released from all further liability with respect to such moneys and (ii) any moneys deposited with or paid to the Paying Agent for the payment of the principal of or
interest on any series of the Notes and not applied but remaining unclaimed for three years after the date upon which such principal of or any premium or interest shall have become due and payable, shall, upon the written request of the Issuer and
unless otherwise required by mandatory provision of applicable escheat or abandoned or unclaimed property law, be repaid to the Issuer and the Holder of the Note shall, unless otherwise required by mandatory provisions of applicable escheat or
abandoned or unclaimed property laws, thereafter look only to the Issuer for any payment which such Holder may be entitled to collect, and all liability of the Paying Agent with respect to such monies shall thereupon cease. 

12. CHANGES IN PAYING AGENT OR REGISTRAR AND SPECIFIED OFFICES 

12.1. The Issuer may at any time terminate the appointment of the Paying Agent, Transfer Agent or the Registrar and appoint additional or other paying agents,
transfer agents or registrars. Any termination shall be made by giving to the Paying Agent, Transfer Agent or Registrar and (if different) to the paying agent, transfer agent or registrar whose appointment is to be terminated not less than 30
days’ written notice to that effect, which notice shall expire not less than 30 days before or after any due date for any payment in respect of Notes. 

  
 7 

 12.2. Subject to clause 12.1 and 12.3 of this Agreement, the Paying Agent, Transfer Agent or Registrar may
resign its appointment hereunder at any time by giving to the Issuer not less than 90 days’ written notice to that effect, which notice shall expire not less than 45 days before or after any due date for any payments in respect of any Notes.

 12.3. Notwithstanding clauses 12.1 and 12.2 of this Agreement, no such termination of the appointment of, or resignation by, the Paying Agent, Transfer
Agent or Registrar shall take effect until a successor has been appointed on terms approved by the Issuer or the Issuer has otherwise approved such resignation without a successor being appointed. 

12.4. Notwithstanding any other provisions of clause 12.1 of this Agreement, the appointment of the Paying Agent, Transfer Agent or Registrar shall forthwith
terminate if at any time such Paying Agent, Transfer Agent or Registrar becomes incapable of acting, or is adjudged bankrupt or insolvent, or files a voluntary petition in bankruptcy or makes an assignment for the benefit of its creditors or
consents to the appointment of a receiver, administrator or other similar official of it or of all or any substantial part of its property or admits in writing its inability to pay or meet its debts as they mature or suspends payment thereof, or if
a resolution is passed or an order made for its winding up or dissolution, or if a receiver, administrator or other similar official of it or of all or any substantial part of its property is appointed, or if any order of any court is entered
approving any petition filed by or against it under the provisions of any applicable bankruptcy or insolvency law, or if any public officer takes charge or control of such Paying Agent, Transfer Agent or Registrar or its property or affairs for the
purpose of rehabilitation, conservation, administration or liquidation or there occurs any analogous event under any applicable law. 
 12.5. On the date on
which any such termination or resignation takes effect, the Paying Agent, Transfer Agent or Registrar shall (i) pay to or to the order of its successor (or, if none, the Issuer) any amounts held by it in respect of the Notes; and
(ii) deliver to its successor (or, if none, the Issuer), or as it may direct, all records maintained by it, pursuant hereto. Following such termination or resignation and pending such payment and delivery, the Paying Agent, Transfer Agent or
Registrar shall hold such amounts, records and documents in trust for and subject to the order of its successor or, as the case may be, the Issuer. 
 12.6.
Any corporation into which any Paying Agent, Transfer Agent or Registrar may be merged or converted or any corporation with which such Paying Agent, Transfer Agent or Registrar may be consolidated or any corporation resulting from any merger,
conversion or consolidation to which such Paying Agent, Transfer Agent or Registrar shall be a party, or any corporation, including affiliated corporations, to which the Paying Agent, Transfer Agent or Registrar shall sell or otherwise transfer:
(a) all or substantially all of its assets or (b) all or substantially all of its corporate trust business shall, on the date when the merger, conversion, consolidation or transfer becomes effective and to the extent permitted by any
applicable laws, be the successor Paying Agent, Transfer Agent or Registrar under this Agreement without any further formality, and after such effective date all references in this Agreement to such Paying Agent, Transfer Agent or Registrar shall be
deemed to be references to such corporation. Prior notice of any such merger, conversion, consolidation or transfer shall forthwith be given by the Paying Agent, Transfer Agent or Registrar to the Issuer and the Series Trustee. 

12.7. The Paying Agent, Transfer Agent or Registrar may change its specified office to an office in London at any time by giving to the Issuer and the Series
Trustee not less than 60 days’ prior written notice to that effect, which notice shall expire not less than 30 days before or after any due date for any payments in respect of any Notes, and which notice shall specify the address of the new
specified office and the date upon which such change is to take effect. 
 13. NOTICES 

13.1. If the Issuer arranges publication of any notice to the holders of the Notes, it shall at or before the time of such publication, send copies of each
notice so published to the Paying Agent (with a copy to the Series Trustee). The Paying Agent shall promptly forward any notices that it receives at the request of the Issuer to Euroclear and Clearstream. 

13.2. The Paying Agent, Transfer Agent and Registrar shall promptly forward any written notice received by it from any holders of the Notes to the Issuer and
the Series Trustee. 

  
 8 

 13.3. On behalf of, and at the request and expense of the Issuer, the Paying Agent shall cause to be
published all notices required to be given by the Issuer under the Indenture. 
 14. COMMUNICATIONS 

14.1. For the purposes of this clause, the address of each party at the date of this Agreement shall be the address set out below, and each party may
hereafter update its address by providing written notice thereof to each other party in accordance with this Section 14 (including, where applicable, the details of the facsimile number, the person for whose attention the notice or
communication is to be addressed and the email address): 
 the Issuer: 
  

			
	 Emerson Electric Co.

Attn: Treasurer

8000 West Florissant Avenue

St. Louis Missouri 63136

As may be amended from time to time in accordance with this Agreement.
	  	 Fax: 314-553-2463

Attention: Treasurer
 Email:
treasuryoperations@emerson.com

 the Paying Agent: 
  

			
	 Elavon Financial Services DAC, UK Branch

125 Old Broad Street,

Fifth Floor

London
 EC2N 1AR

United Kingdom
 As may be amended from time to time in accordance
with this Agreement.
	  	 Fax: +44 (0)207 365 2577
 Attention: MBS
Relationship Management
 Email: mbs.relationship.management@usbank.com

 the Transfer Agent: 
  

			
	 U.S. Bank National Association
	  	
	 125 Old Broad Street,

Fifth Floor

London

EC2N 1AR

United Kingdom
 As may be
amended from time to time in accordance with this Agreement.
	  	 Fax: + 44 (0)207 365 2577
 Attention: MBS
Relationship Management
 Email: mbs.relationship.management@usbank.com

 the Registrar: 
  

			
	 U.S. Bank National Association
	  	
	 125 Old Broad Street,

Fifth Floor

London

EC2N 1AR

United Kingdom
 As may be
amended from time to time in accordance with this Agreement.
	  	 Fax: + 44 (0)207 365 2577
 Attention: MBS
Relationship Management
 Email: mbs.relationship.management@usbank.com

 the Series Trustee: 
  

			
	 Wells Fargo Bank, National Association
	  	
	 150 East 42nd Street, 40th Floor

New York, New York 10017

Attention: Corporate Trust Services

As may be amended from time to time in accordance with the Indenture and notified by the Issuer to the Paying Agent.
	  	 Fax: 917-260-1594

Email: Alexander.Pabon@wellsfargo.com

  
 9 

 15. AMENDMENTS 

15.1. For the avoidance of doubt, this Agreement may be amended in writing by the parties hereto. 

15.2. The Issuer shall provide to the Paying Agent a copy of any amendment to the Indenture applicable to the Notes as soon as reasonably practicable
following such amendment taking effect. Where reference is made in this Agreement to the Indenture, such reference shall, for the purposes of the Paying Agent’s rights and obligations under this Agreement only, be deemed to refer to the most
recent version of such document provided to the Paying Agent by the Issuer. 
 16. TAXES 

The Issuer agrees to pay any and all stamp and other documentary taxes or duties which may be payable in connection with the execution, delivery, performance
and enforcement of this Agreement. 
 17. REGULATORY MATTERS 

17.1. The Paying Agent is authorised and regulated by the Central Bank of Ireland (“CBOI”) and its activities in the UK are subject to
limited regulation by the UK Prudential Regulation Authority (“PRA”) and the UK Financial Conduct Authority (“FCA”). 

17.2. In connection with the worldwide effort against the funding of terrorism and money laundering activities, the Paying Agent, Transfer Agent and Registrar
may be required under various national laws and regulations to which they are subject to obtain, verify and record information that identifies each person who opens an account with it. For a non-individual
person such as a business entity, a charity, a trust or other legal entity, the Paying Agent, Transfer Agent and Registrar shall be entitled to ask for documentation to verify such entity’s formation and legal existence as well as financial
statements, licenses, identification and authorisation documents from individuals claiming authority to represent the entity or other relevant documentation. 

17.3. The parties to this Agreement acknowledge and agree that the obligations of the Paying Agent, Transfer Agent and Registrar under this Agreement are
limited by and subject to compliance by them with European Union and US Federal anti-money laundering statutes and regulations. If the Paying Agent, Transfer Agent and Registrar or any of their directors know or suspect that a payment is the
proceeds of criminal conduct, and such person is required to report such information pursuant to the applicable authorities, such report shall not be treated as a breach by such person of any confidentiality covenant or other restriction imposed on
such person under this Agreement, by law or otherwise on the disclosure of information. The Paying Agent, Transfer Agent and Registrar shall be indemnified and held harmless by the Issuer from and against all losses suffered by them that may arise
as a result of the agents being prevented from fulfilling their obligations hereunder due to the extent doing so would not be consistent with applicable statutory anti-money laundering requirements. 

17.4. Notwithstanding anything to the contrary in this Agreement or in any other agreement, arrangement or understanding among any such parties, each party
hereto acknowledges that any liability of any party arising under this Agreement or any such other document to which this Agreement relates, to the extent such liability is unsecured or not otherwise exempted, may be subject to the Write-down and
Conversion Powers of a Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down
and Conversion Powers by a Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto; and 

  
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 (b) the effects of any Bail-in Action on any such liability,
including any of the following, or some combination thereof, if applicable: 
 1. a reduction in full or in part or cancellation of any such liability; 

2. a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such party, its parent undertaking, or a bridge
institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other agreement; or

 3. the variation of the terms of such liability in connection with the exercise of the Write-down and Conversion Powers of any Resolution Authority. 

For the purpose of this sub-clause 17.4 the following terms shall have the following meanings: 

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable
Resolution Authority. 
 “Bail-In Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and in relation to any other state, any analogous law or regulation from time to time which requires contractual recognition of any Write-down and Conversion Powers contained in that law
or regulation. 
 “EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EU Bail-In Legislation Schedule” means the EU Bail-In
Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. 
 “Resolution
Authority” means any public administrative authority or any person entrusted with public administrative authority to exercise any Write-down and Conversion Powers. 

“Write-Down and Conversion Powers” means, 
 (a)
in relation to any Bail-In Legislation described in the EU Bail-In Legislation Schedule from time to time, the powers described as such in relation to that Bail-In Legislation in the EU Bail-In Legislation Schedule; and 
 (b) any powers
under the Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or other financial institution or affiliate of a bank, investment firm or other financial
institution, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person
or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers; and any similar or analogous powers under that Bail-In Legislation. 

18. GOVERNING LAW AND JURISDICTION 
 18.1. This Agreement
shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of New York. 
 18.2. Each of
the Paying Agent, the Transfer Agent, the Registrar and the Issuer irrevocably submits to the non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of Manhattan, The City of
New York, over any suit, action or proceeding arising out of or relating to this Agreement. To the fullest extent permitted by applicable law, each of the Paying Agent, the Transfer Agent, the Registrar and the Issuer irrevocably

  
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waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter
have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

18.3. Each of the Paying Agent, the Transfer Agent, the Registrar and the Issuer agrees, to the fullest extent permitted by applicable law, that a final
judgment in any suit, action or proceeding of the nature referred to in clause 18.2 of this Agreement brought in any such court shall be conclusive and binding upon it subject to rights of appeal, as the case may be, and may be enforced in the
courts of the United States of America or the State of New York (or any other courts to the jurisdiction of which it or any of its assets is or may be subject) by a suit upon such judgment. 

18.4. THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS AGREEMENT. 

19. COUNTERPARTS 
 This Agreement may be executed in any
number of counterparts, each of which when executed and delivered shall be an original, but all of which when taken together shall constitute a single instrument. Signatures of the parties hereto transmitted by facsimile or PDF may be used in lieu
of the originals and shall be deemed to be their original signatures for all purposes. 

  
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 AS WITNESS the hands of the parties or their duly authorised agents have been set hereto as of the
day and year first above written. 
 SIGNATORIES 
  

			
	ISSUER
	
	EMERSON ELECTRIC CO.
		
	By:	 	 
		 	Name: F. J. Dellaquila
		 	 Title:   Senior Executive Vice President and

            Chief Financial Officer

		
	By:	 	 
		 	Name: J. H. Thomasson
		 	 Title:   Senior Executive Vice President and

            Chief Financial Officer

 [Signature Page to Agency Agreement] 

			
	PAYING AGENT
	
	ELAVON FINANCIAL SERVICES DAC, UK BRANCH
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	TRANSFER AGENT
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	REGISTRAR
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 
		 	Name:
		 	Title:

 [Signature Page to Agency Agreement] 

			
	SERIES TRUSTEE
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 
		 	Name: Gregory S. Clarke
		 	Title:   Vice President

 [Signature Page to Agency Agreement] 

 Appendix 1 

Indenture

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