Document:

EX-4.1

 Exhibit 4.1 

REGISTRATION RIGHTS AGREEMENT 

by and between 
 Becton,
Dickinson and Company, as Issuer, 
 and 

Citigroup Global Markets Inc., as Dealer Manager 

Dated as of December 29, 2017 
  

 
  

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into this 29th
day of December, 2017, by and between Becton, Dickinson and Company, a New Jersey corporation (the “Company”), and Citigroup Global Markets Inc. (the “Dealer Manager”). 

This Agreement is made pursuant to the Offering Memorandum and Consent Solicitation Statement dated May 5, 2017 (as amended or supplemented, the
“Offering Memorandum”), which provides for the offers by the Company to exchange any and all of the outstanding 4.400% Notes due 2021, 3.000% Notes due 2026, and 6.70% Notes due 2026 (collectively, the “Old Bard
Notes”) issued by C.R. Bard, Inc., a New Jersey corporation (“Bard”), in exchange for newly issued debt securities of the Company (the “New BD Notes”), in each case maturing on the same date and bearing an
interest rate of the same amount per annum as the applicable series of Old Bard Notes for which they are exchanged and cash, on the terms and subject to the conditions set forth in the Offering Memorandum. The execution of this Agreement is a
condition to the consummation of the Original Exchange Offer (as defined below). 
 In consideration of the foregoing, the parties hereto agree as follows:

 1. Definitions. As used in this Agreement, the following capitalized defined terms shall have the following meanings: 

“Additional Interest” shall have the meaning set forth in Section 2.5. 

“Affiliate” shall mean an “affiliate” as that term is defined in Rule 405 under the Securities Act. 

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

“Automatic Shelf Registration Statement” shall mean an “automatic shelf registration statement” as that term is
defined in Rule 405 under the Securities Act. 
 “Bard” shall have the meaning set forth in the preamble. 

“BD Indenture” shall mean the Indenture, dated as of March 1, 1997, between the Company and The Bank of New York Mellon
Trust Company, N.A., as successor to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as the trustee, as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof.

 “Company” shall have the meaning set forth in the preamble and shall also include the Company’s successors. 

“Dealer Manager” shall have the meaning set forth in the preamble. 

“Dealer Manager Agreement” means the Dealer Manager Agreement, dated May 5, 2017, by and between the Company and the
Dealer Manager. 

 “Depositary” shall mean The Depository Trust Company, or any other depositary
appointed by the Company; provided, however, that such depositary must have an address in the Borough of Manhattan, in the City of New York. 

“Event Date” shall have the meaning set forth in Section 2.5. 

“Exchange Offer” means the offer by the Company to exchange each Series of Registrable Securities for the corresponding
Series of Exchange Securities pursuant to Section 2.1. 
 “Exchange Offer Registration Statement”
shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form), and all amendments and supplements to such registration statement, including the Prospectus
contained therein, all exhibits thereto and all material incorporated or deemed incorporated by reference therein. 
 “Exchange
Period” shall have the meaning set forth in Section 2.1. 
 “Exchange Securities” shall
mean with respect to each Series of New BD Notes, a new series of notes maturing on the same date and bearing interest at the same rate per annum as the corresponding series of New BD Notes (each such series of Exchange Securities, a “Series
of Exchange Securities”), in each case issued by the Company under the Indenture, containing terms identical to the applicable Series of New BD Notes in all material respects (except for references to certain additional interest rate
provisions, restrictions on transfers and restrictive legends), to be offered to Holders of the applicable Series of New BD Notes in exchange for the corresponding Series of Registrable Securities pursuant to the Exchange Offer. 

“Holder” shall mean each Person who becomes the registered owner of Registrable Securities under the Indenture and each
Participating Broker-Dealer that holds Exchange Securities for so long as such Participating Broker-Dealer is required to deliver a Prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities.

 “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of outstanding Registrable
Securities; provided, that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, Registrable Securities held by the Company or any Affiliate of the Company shall be disregarded
in determining whether such consent or approval was given by the Holders of such required percentage amount. 
 “New BD
Notes” shall have the meaning set forth in the preamble. 
 “Offering Memorandum” shall have the meaning set forth
in the preamble. 
 “Old Bard Notes” shall have the meaning set forth in the preamble. 

“Original Exchange Offer” means the offer by the Company to exchange any and all outstanding Old Bard Notes for New BD Notes,
on the terms and conditions set forth in the Offering Memorandum. 

  
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 “Participating Broker-Dealers” shall mean the Dealer Manager and any other
broker-dealer which makes a market in the New BD Notes and exchanges Registrable Securities in the Exchange Offer for Exchange Securities. 

“Person” shall mean an individual, partnership (general or limited), corporation, limited liability company, trust or
unincorporated organization, or a government or agency or political subdivision thereof. 
 “Prospectus” shall mean the
prospectus included in a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including any such prospectus supplement with respect to the terms of the
offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to a prospectus, including post-effective amendments, and in each case including all material incorporated
or deemed incorporated by reference therein. 
 “Registrable Securities” shall mean the New BD Notes; provided,
however, that the New BD Notes shall cease to be Registrable Securities when (i) a Registration Statement with respect to such New BD Notes shall have been declared or otherwise become effective under the Securities Act and such New BD
Notes shall have been disposed of pursuant to such Registration Statement, (ii) such New BD Notes may be resold without restriction pursuant to Rule 144 (or any similar provision then in force, but not Rule 144A) under the Securities Act,
(iii) such New BD Notes shall have ceased to be outstanding or (iv) the Exchange Offer is consummated (except in the case of New BD Notes which may not be exchanged in the Exchange Offer). Each of the series of New BD Notes may be referred
to herein as a “Series of Registrable Securities.” 
 “Registration Default” shall have the meaning set
forth in Section 2.5. 
 “Registration Expenses” shall mean any and all expenses incident to
performance of or compliance by the Company with this Agreement, including without limitation: (i) all SEC or the Financial Industry Regulatory Authority (“FINRA”) registration and filing fees, (ii) all fees and expenses
incurred in connection with compliance with state securities or blue sky laws, (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any
amendments or supplements thereto, any underwriting agreements, securities sales agreements and other documents relating to the performance of and compliance with this Agreement, (iv) all rating agency fees, (v) the fees and disbursements
of counsel for the Company and of the independent public accountants of the Company, including the expenses of any special audits or “cold comfort” letters required by or incident to such performance and compliance, (vi) the fees and
expenses of the Trustee, and any escrow agent or custodian, (vii) the reasonable and documented fees and expenses of counsel to the Dealer Manager in connection therewith, and (viii) any fees and expenses of any special experts retained by
the Company in connection with any Registration Statement, but excluding underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 

  
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 “Registration Statement” shall mean any registration statement of the Company
which covers any of the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement, and all amendments and supplements to any such Registration Statement, including post-effective amendments, in each case including
the Prospectus contained therein, all exhibits thereto and all material incorporated or deemed incorporated by reference therein. 

“SEC” shall mean the United States Securities and Exchange Commission or any successor agency or government body performing
the functions currently performed by the United States Securities and Exchange Commission. 
 “Securities Act” shall mean
the Securities Act of 1933, as amended. 
 “Securities Exchange Act” shall mean the Securities Exchange Act of 1934, as
amended. 
 “Series of New BD Notes” shall mean each series of New BD Notes. 

“Settlement Date” shall have the meaning set forth in the Dealer Manager Agreement. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2.2. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Company pursuant to the
provisions of Section 2.2, including an Automatic Shelf Registration Statement, if applicable, which covers all of the Registrable Securities and any other securities of the Company on an appropriate form under Rule 415
under the Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such Registration Statement, including post-effective amendments, in each case including the Prospectus contained therein, all
exhibits thereto and all material incorporated or deemed incorporated by reference therein. 
 “Trustee” shall mean the
trustee with respect to the Registrable Securities under the Indenture. 
 “Trust Indenture Act” shall mean the Trust
Indenture Act of 1939. 
 2. Registration Under the Securities Act. 

2.1 Exchange Offer. Unless the Exchange Offer would violate applicable law or any applicable interpretation of the staff of the SEC, the
Company shall, for the benefit of the Holders, at the Company’s cost, use its commercially reasonable efforts to (A) prepare and not later than 180 calendar days following the Settlement Date, file with the SEC an Exchange Offer
Registration Statement on an appropriate form under the Securities Act with respect to a proposed Exchange Offer and the issuance and delivery to the Holders, in exchange for each Series of Registrable Securities, of a like principal amount of the
corresponding Series of Exchange Securities, (B) cause the Exchange Offer Registration Statement to be declared effective under the Securities Act, (C) keep the Exchange Offer Registration Statement effective until the closing of the
Exchange Offer and (D) cause the Exchange Offer to be consummated not later than 365 calendar days following the Settlement Date. After the effectiveness of the Exchange Offer Registration Statement, the Company shall promptly commence the
Exchange Offer, it being the objective of such Exchange Offer to enable each Holder eligible and electing to exchange Registrable Securities for Exchange Securities (assuming that such Holder (a) is not

  
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an Affiliate of the Company, (b) is not a broker-dealer who tendered Old Bard Notes acquired directly from Bard for its own account in exchange for New BD Notes, (c) is acquiring the
Exchange Securities in the ordinary course of such Holder’s business and (d) is not engaged in and does not intend to engage in and has no arrangements or understandings with any Person to participate in the distribution of the Exchange
Securities) to transfer such Exchange Securities from and after their receipt without any limitations or restrictions under the Securities Act and under state securities or blue sky laws. 

In order to participate in the Exchange Offer, each Holder must represent to the Company at the time of the consummation of the Exchange Offer
(which representation shall be contained in the letter of transmittal or other document accompanying the Exchange Offer Registration Statement) that it (i) is not an Affiliate of the Company, (ii) is not a broker-dealer who tendered Old
Bard Notes acquired directly from Bard for its own account in exchange for New BD Notes, (iii) is acquiring the Exchange Securities in the ordinary course of such Holder’s business and (iv) is not engaged in and does not intend to
engage in and has no arrangements or understandings with any Person to participate in the distribution of the Exchange Securities. 
 In
connection with the Exchange Offer, the Company shall: 
 (a) make available to each Holder a copy of the Prospectus forming part of the
Exchange Offer Registration Statement, together with an appropriate letter of transmittal and related documents; 
 (b) keep the Exchange
Offer open for acceptance for a period of not less than 20 business days after the date notice thereof is mailed to the Holders (or longer at the option of the Company or if required by applicable law) (such period referred to herein as the
“Exchange Period”); 
 (c) utilize the services of the Depositary for the Exchange Offer; 

(d) permit Holders to withdraw tendered Registrable Securities at any time prior to the expiration of the Exchange Period, by sending to the
institution specified in the letter of transmittal or other applicable notice, a telegram, telex, facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange, and a
statement that such Holder is withdrawing such Holder’s election to have such Registrable Securities exchanged or as otherwise required by the applicable procedures of the Depositary; and 

(e) otherwise comply in all material respects with all applicable laws relating to the Exchange Offer. 

The Exchange Securities shall be issued under (i) the BD Indenture or (ii) an indenture identical in all material respects to the BD
Indenture (collectively referred to herein as the “Indenture”) and which, in either case, has been qualified under the Trust Indenture Act, or is exempt from such qualification. The Indenture shall provide that the Exchange
Securities and the New BD Notes shall vote and consent together on all matters as one class and that none of the Exchange Securities or the New BD Notes will have the right to vote or consent as a separate class on any matter. 

  
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 As soon as reasonably practicable after the expiration of the Exchange Offer, the Company shall:

 (i) accept for exchange all Registrable Securities duly tendered and not validly withdrawn pursuant to the Exchange Offer
in accordance with the terms of the Exchange Offer Registration Statement and the letter of transmittal which shall be an exhibit thereto; 

(ii) deliver to the Trustee for cancellation all Registrable Securities so accepted for exchange; and 

(iii) cause the Trustee promptly to authenticate and deliver Exchange Securities to each Holder of Registrable Securities so
accepted for exchange in a principal amount equal to the principal amount of the corresponding Series of Registrable Securities of such Holder so accepted for exchange. 

Interest on each Exchange Security will accrue from the last date on which interest was paid on the Registrable Security surrendered in
exchange therefor or, if no interest has been paid on the Registrable Security, from the date of original issuance. The Exchange Offer shall not be subject to any conditions, other than (i) that the Exchange Offer, or the making of any exchange
by a Holder, does not violate applicable law or any applicable interpretation of the staff of the SEC, (ii) the due tendering of Registrable Securities in accordance with the Exchange Offer, (iii) that each Holder of Registrable Securities
exchanged in the Exchange Offer shall have represented that it (A) is not an Affiliate of the Company, (B) is not a broker-dealer who tendered Old Bard Notes acquired directly from Bard for its own account in exchange for New BD Notes,
(C) will acquire the Exchange Securities in the ordinary course of such Holder’s business and (D) is not engaged in and does not intend to engage in and has no arrangements or understandings with any Person to participate in the
distribution of the Exchange Securities and shall have made such other representations as may be reasonably necessary under applicable SEC rules, regulations or interpretations to render the use of Form S-4 or
other appropriate form under the Securities Act available, (iv) that no action or proceeding shall have been instituted or threatened in any court or by or before any governmental agency with respect to the Exchange Offer which, in the
Company’s judgment, would reasonably be expected to impair the ability of the Company to proceed with the Exchange Offer and (v) other customary conditions. 

2.2 Shelf Registration. (i) If, because of any changes in law, SEC rules or regulations or applicable interpretations thereof by
the staff of the SEC, the Company determines upon the advice of its counsel that it is not permitted to effect the Exchange Offer as contemplated by Section 2.1, (ii) if for any other reason the Exchange Offer is not
consummated within 365 days after the Settlement Date, or (iii) if a Holder notifies the Company in writing prior to the consummation of the Exchange Offer that it is not permitted by applicable law to participate in the Exchange Offer or
participates in the Exchange Offer and does not receive fully tradable Exchange Securities pursuant to the Exchange Offer, then in case of each of clauses (i) through (iii) the Company shall, at its reasonable cost: 

  
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 (a) As promptly as practicable, but no later than 90 days after being required to do so under
Section 2.2, file with the SEC, and thereafter shall use its commercially reasonable efforts to cause to become effective as promptly as practicable but no later than 270 days after being required to do so under
Section 2.2, a Shelf Registration Statement relating to the offer and sale of the Registrable Securities by the Holders from time to time in accordance with the methods of distribution elected by the Majority Holders
participating in the Shelf Registration and set forth in such Shelf Registration Statement; provided, however, that nothing in this Section 2.2(a) shall require the filing of a Shelf Registration Statement prior to
the filing of the Exchange Offer Registration Statement pursuant to Section 2.1; provided, further, that no Holder shall be entitled to be named as a selling security holder in the Shelf Registration Statement
or to use the Prospectus forming a part thereof for resales of Registrable Securities unless such Holder has signed and returned to the Company a notice and questionnaire as distributed by the Company consenting to such Holder’s inclusion in
the Prospectus as a selling security holder, evidencing such Holder’s agreement to be bound by the applicable provisions of this Agreement and providing such further information to the Company as the Company may reasonably request. 

(b) Use its commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus
forming part thereof to be usable by Holders for a period of one year from the Settlement Date, or for such shorter period that will terminate when all Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the
Shelf Registration Statement or cease to be outstanding or otherwise to be Registrable Securities. 
 (c) Notwithstanding any other
provisions hereof, use its commercially reasonable efforts to ensure that (i) any Shelf Registration Statement and any amendment thereto, at the time each such registration statement or amendment thereto becomes effective, and any Prospectus as
of the date thereof forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations thereunder, (ii) any Shelf Registration Statement and any amendment thereto does not,
when it becomes effective, contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) any Prospectus forming part of any
Shelf Registration Statement, and any supplement to such Prospectus (as amended or supplemented from time to time) (each, as of the date thereof), does not include an untrue statement of a material fact or omit to state a material fact necessary in
order to make the statements, in the light of the circumstances under which they were made, not misleading. 
 The Company further agrees,
if necessary, to supplement or amend the Shelf Registration Statement, as required by Section 3(b), and to furnish to the Holders of Registrable Securities copies of any such supplement or amendment promptly after its being
used or filed with the SEC (other than with respect to any such supplement or amendment resulting solely from the incorporation by reference of any report filed under the Securities Exchange Act). In the event that the Exchange Offer is consummated
within 365 days after the Settlement Date, the Company shall have no obligation to file a Shelf Registration Statement pursuant to Section 2.2(ii). 

2.3 Expenses. The Company shall pay all Registration Expenses in connection with the registration pursuant to
Section 2.1 or 2.2. Each Holder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf
Registration Statement. 

  
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 2.4 Effectiveness. An Exchange Offer Registration Statement pursuant to
Section 2.1 will not be deemed to have become effective unless it has been declared effective by the SEC, and a Shelf Registration Statement pursuant to Section 2.2 will not be deemed to have
become effective unless it has been declared effective by the SEC or has otherwise become effective under Rule 462 under the Securities Act or any other applicable rule; provided, however, that if, after such Registration Statement has been
declared effective or has otherwise become effective, the offering of Registrable Securities pursuant to an Exchange Offer Registration Statement or a Shelf Registration Statement is interfered with by any stop order, injunction or other order or
requirement of the SEC or any other governmental agency or court, such Registration Statement will be deemed not to have become effective during the period of such interference, until the offering of Registrable Securities pursuant to such
Registration Statement may legally resume. 
 2.5 Interest. The Company agrees that in the event that (a) (i) if required, the
Exchange Offer is not consummated on or prior to the 365th calendar day following the Settlement Date or (ii) if required, a Shelf Registration Statement has not become effective on or prior to the 270th calendar day following the date on which
the Company became obligated to file such Shelf Registration Statement under Section 2.2, or (b) if required, the Shelf Registration Statement has been filed and is declared or otherwise becomes effective but ceases to
be effective or usable for a period of time that exceeds 120 days in the aggregate in any 12-month period in which it is required to be effective hereunder (each such event referred to in the preceding clauses
(a) and (b), a “Registration Default”), the interest rate borne by the New BD Notes affected thereby shall be increased (“Additional Interest”) immediately upon occurrence of a Registration Default by one-quarter of one percent (0.25%) per annum with respect to the first 90-day period while one or more Registration Defaults is continuing and will increase to a maximum of one-half of one percent (0.50%) per annum Additional Interest thereafter while one or more Registration Defaults is continuing until all Registration Defaults have been cured; provided that Additional
Interest shall accrue only for those days that a Registration Default occurs and is continuing, including the date on which any Registration Default shall occur but not including the date on which all Registration Defaults have been cured. Such
Additional Interest shall be calculated based on a year consisting of 360 days comprised of twelve 30-day months. Following the cure of all Registration Defaults the accrual of Additional Interest will cease,
the interest rate will revert to the original rate and, upon any subsequent Registration Default following any such cure of all Registration Defaults, Additional Interest will begin accruing again at
one-quarter of one percent (0.25%) per annum and will increase to a maximum of one-half of one percent (0.50%) per annum as provided above until all Registration
Defaults have been cured. Additional Interest shall not be payable with respect to Registration Defaults for any period during which a Shelf Registration Statement is effective and usable by the Holders. Any Additional Interest shall constitute
liquidated damages and shall be the exclusive remedy, monetary or otherwise, available to any Holder of New BD Notes with respect to any Registration Default. The Company shall notify the Trustee within five business days after each and every date
on which an event occurs in respect of which Additional Interest is required to be paid (an “Event Date”). Additional Interest shall be paid by depositing with the Trustee, in trust, for the benefit of the Holders of Registrable
Securities, on or before the applicable semi-annual interest payment date, immediately available funds in sums sufficient to pay the Additional Interest then due. The Additional Interest due shall be payable on each interest payment date to the
record Holder of New BD Notes affected thereby entitled to receive the interest payment to be paid on such date as set forth in the Indenture. Each obligation to pay Additional Interest shall be deemed to accrue from and including the day following
the applicable Event Date. 

  
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 Notwithstanding anything else contained herein, no Additional Interest shall be payable in
relation to the applicable Shelf Registration Statement or the related Prospectus if (i) such Additional Interest is payable solely as a result of (x) the filing of a post-effective amendment to such Shelf Registration Statement to
incorporate annual audited or, if required by the rules and regulations under the Securities Act, quarterly unaudited financial information with respect to the Company where such post-effective amendment is not yet effective and needs to be declared
or otherwise become effective to permit Holders to use the related Prospectus or (y) the Company notifies the Holder to suspend use (on one or more occasions) of the Shelf Registration Statement and the related Prospectus for a period not to
exceed an aggregate of 120 days in any 12 month period because of the occurrence of any material event or development with respect to the Company that, in the reasonable judgment of the Company, would be detrimental to the Company if so disclosed or
would otherwise materially adversely affect a financing, acquisition, disposition, merger or other material transaction; provided, however, that in no event shall the Company be required to disclose the business purpose for such
suspension. Notwithstanding the foregoing, the Company shall not be required to pay Additional Interest with respect to the New BD Notes to any Holder if the failure arises from the Company’s failure to file, or cause to become effective, a
Shelf Registration Statement within the time periods specified in this Section 2 by reason of the failure of such Holder to provide such information as (i) the Company may reasonably request, with reasonable prior
written notice, for use in the Shelf Registration Statement or any Prospectus included therein to the extent the Company reasonably determines that such information is required to be included therein by applicable law, (ii) FINRA or the SEC may
request in connection with such Shelf Registration Statement or (iii) is required to comply with the agreements of such Holder as contained herein to the extent compliance thereof is necessary for the Shelf Registration Statement to be declared
or otherwise become effective, including, without limitation, a signed notice and questionnaire as distributed by the Company consenting to such Holder’s inclusion in the Prospectus as a selling security holder, evidencing such Holder’s
agreement to be bound by the applicable provisions of this Agreement and providing such further information to the Company as the Company may reasonably request. 

3. Registration Procedures. In connection with the obligations of the Company with respect to Registration Statements pursuant to
Sections 2.1 and 2.2, the Company shall: 
 (a) prepare and file with the SEC a Registration Statement, within the relevant
time period specified in Section 2, on the appropriate form under the Securities Act, which form (i) shall be selected by the Company, (ii) shall, in the case of a Shelf Registration, be available for the sale of
the Registrable Securities by the eligible selling Holders thereof, and (iii) shall, at the time of effectiveness, comply as to form in all material respects with the requirements of the applicable form and include or incorporate by reference
all financial statements required by the SEC to be filed therewith or incorporated by reference therein, and use its commercially reasonable efforts to cause such Registration Statement to become effective and remain effective in accordance with
Section 2; 

  
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 (b) subject to the limitations contained in the second paragraph of
Section 2.5, prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary under applicable law to keep such Registration Statement effective for the
applicable period; and cause each Prospectus to be supplemented by any required prospectus supplement, and cause such prospectus supplement to be filed pursuant to Rule 424 (or any similar provision then in force) under the Securities Act and comply
with the provisions of the Securities Act, the Securities Exchange Act and the rules and regulations thereunder applicable to the Company with respect to the disposition of all securities covered by each Registration Statement during the applicable
period in accordance with the intended method or methods of distribution by the selling Holders thereof (including sales by any Participating Broker-Dealer); provided, however, that nothing contained herein shall imply that the Company
is liable for any action or inaction of any Holder, including any Participating Broker-Dealer; 
 (c) in the case of a Shelf Registration,
(i) notify each Holder of Registrable Securities, at least three business days prior to filing, that a Shelf Registration Statement (except in the case of an Automatic Shelf Registration Statement, in which case at least three business days
prior to the inclusion of information regarding selling security holders in the Prospectus forming a part of such Automatic Shelf Registration Statement) with respect to the Registrable Securities is being filed and advise such Holders that the
distribution of Registrable Securities will be made in accordance with the method selected by the Majority Holders participating in the Shelf Registration; (ii) furnish to each Holder of Registrable Securities, if any, without charge, as many
copies of each Prospectus, including each preliminary Prospectus, and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request, including financial statements and schedules and, if the Holder
so requests, all exhibits in order to facilitate the public sale or other disposition of the Registrable Securities; and (iii) consent to the use of the Prospectus or any amendment or supplement thereto by each of the selling Holders of
Registrable Securities in connection with the offering and sale of the Registrable Securities covered by the Prospectus or any amendment or supplement thereto; 

(d) in the case of a Shelf Registration, use its commercially reasonable efforts to register or qualify the Registrable Securities under all
applicable state securities or “blue sky” laws of such jurisdictions as any Holder of Registrable Securities covered by a Shelf Registration Statement shall reasonably request by the time the Shelf Registration Statement is declared
effective by the SEC or otherwise becomes effective, and do any and all other acts and things which may be reasonably necessary or advisable to enable each such Holder to consummate the disposition in each such jurisdiction of such Registrable
Securities owned by such Holder; provided, however, that the Company shall not be required to (i) qualify as a foreign limited partnership or as a dealer in securities in any jurisdiction where it would not otherwise be required to
qualify but for this Section 3(d), (ii) take any action which would subject it to general service of process or taxation in any such jurisdiction where it is not then so subject or (iii) make any changes to its
certificate of incorporation or by-laws (or other organizational documents) or any agreement between it and holders of its ownership interests; 

(e) (A) in the case of a Shelf Registration, notify promptly each Holder of Registrable Securities under a Shelf Registration and counsel for
such Holders, if any and, (B) with respect to clauses (i), (iii), (iv) and (v) of this paragraph only, any Participating Broker-Dealer who has notified the Company that it is utilizing the Exchange Offer Registration Statement as provided
in paragraph (f) below and, if requested by such Participating Broker-Dealer, confirm such advice in writing promptly, in each case: (i) when a Registration Statement (other than an 

  
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Automatic Shelf Registration Statement) has become effective and when any post-effective amendments and supplements thereto become effective, (ii) of any request by the SEC or any state
securities authority for post-effective amendments and supplements to a Registration Statement and Prospectus or for additional information after the Registration Statement has become effective, (iii) of the issuance by the SEC or any state
securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (iv) of the happening of any event or the discovery of any facts during the period a Shelf
Registration Statement is effective that requires any change in the Registration Statement or Prospectus so that, as of such date, the statements therein are not misleading and do not omit to state a material fact required to be stated therein to
make the statements therein not misleading (in the case of the Prospectus, in the light of the circumstances under which they were made); provided, however, that such notice need not identify the event that requires such change, and
(v) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities or the Exchange Securities, as the case may be, for sale in any jurisdiction or the initiation or
threatening of any proceeding for such purpose; 
 (f) in the case of the Exchange Offer Registration Statement (i) include in the
Exchange Offer Registration Statement a section entitled “Plan of Distribution” and which shall contain a summary statement of the positions taken or policies made by the staff of the SEC with respect to the potential
“underwriter” status of any broker-dealer that holds Registrable Securities acquired for its own account as a result of market-making activities or other trading activities and that will be the beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act) of Exchange Securities to be received by such broker-dealer in the Exchange Offer, whether such positions or policies have been publicly disseminated by the staff of the SEC
or such positions or policies, in the reasonable judgment of the Company and their counsel, represent the prevailing views of the staff of the SEC, including a statement that any such broker-dealer who receives Exchange Securities for Registrable
Securities pursuant to the Exchange Offer may be deemed a statutory underwriter and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities, (ii) furnish to each
Participating Broker-Dealer who has delivered to the Company the notice referred to in Section 3(e), without charge, as many copies of each Prospectus included in the Exchange Offer Registration Statement, including any
preliminary Prospectus, and any amendment or supplement thereto, as such Participating Broker-Dealer may reasonably request, (iii) consent to the use of the Prospectus forming part of the Exchange Offer Registration Statement or any amendment
or supplement thereto, by any Person subject to the prospectus delivery requirements of the SEC, including all Participating Broker-Dealers, in connection with the sale or transfer of the Exchange Securities covered by the Prospectus or any
amendment or supplement thereto, and (iv) include in the transmittal letter or similar documentation to be executed by an exchange offeree in order to participate in the Exchange Offer (x) the following provision: 

“If the exchange offeree is a broker-dealer holding Registrable Securities acquired for its own account as a result of market-making activities or other
trading activities, it will deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of Exchange Securities received in respect of such Registrable Securities pursuant to the Exchange Offer;” and 

  
 -11- 

 (y) a statement to the effect that by a broker-dealer making the acknowledgment described in clause (x) and
by delivering a Prospectus in connection with the exchange of Registrable Securities, the broker-dealer will not be deemed to admit that it is an underwriter within the meaning of the Securities Act; 

(g) in the case of a Shelf Registration, furnish counsel for the Holders copies of any comment letters received from the SEC or any other
request by the SEC or any state securities authority for amendments or supplements to a Registration Statement or Prospectus or for additional information; 

(h) make every reasonable effort to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement as soon as
practicable; 
 (i) in the case of a Shelf Registration, furnish to each Holder of Registrable Securities upon request, and each underwriter,
if any, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto, including financial statements and schedules (without documents incorporated therein by reference and all exhibits thereto,
unless requested); 
 (j) in the case of a Shelf Registration, cooperate with the selling Holders of Registrable Securities to facilitate the
timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in such denominations (consistent with the provisions of the
Indenture) and registered in such names as the selling Holders or the underwriters, if any, may reasonably request at least three business days prior to the closing of any sale of Registrable Securities; 

(k) in the case of a Shelf Registration, upon the occurrence of any event or the discovery of any facts, each as contemplated by
Section 3(e)(iv), as promptly as practicable after the occurrence of such an event, use its commercially reasonable efforts to prepare a supplement or post-effective amendment to the Registration Statement or the related
Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities or Participating Broker-Dealers, such Prospectus will not contain at
the time of such delivery an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; at such time as such public
disclosure is otherwise made or the Company determines that such disclosure is not necessary, in each case to correct any misstatement of a material fact or to include any omitted material fact, the Company agrees promptly to notify each Holder of
such determination and to furnish each Holder such number of copies of the Prospectus as amended or supplemented, as such Holder may reasonably request; 

(l) obtain a CUSIP number for each Series of Exchange Securities not later than the effective date of a Registration Statement, and provide the
Trustee with printed certificates for each Series of Exchange Securities or each Series of Registrable Securities, as the case may be, in a form eligible for deposit with the Depositary; 

  
 -12- 

 (m) unless the Indenture has been qualified under the Trust Indenture Act, (i) cause the
Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Securities or Registrable Securities, as the case may be, (ii) cooperate with the Trustee and the Holders to effect such changes to the
Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act and (iii) execute, and use its commercially reasonable efforts to cause the Trustee to execute, all documents as may be
required to effect such changes, and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner; 

(n) in the case of a Shelf Registration, enter into agreements (including, if requested, an underwriting agreement in customary form containing
customary representations, warranties, terms and conditions; provided, that the Company shall not be required to enter into such agreement more than once with respect to each Series of Registrable Securities and may delay entering into such
agreement until the consummation of any underwritten public offering which the Company may have then undertaken) and take all other customary and appropriate actions in order to expedite or facilitate the disposition of such Registrable Securities
and in such connection whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten registration; 

(o) in the case of a Shelf Registration or if a Prospectus is required to be delivered by any Participating Broker-Dealer in the case of an
Exchange Offer, make available for inspection by a representative of the Holders of the Registrable Securities, any underwriters participating in any disposition pursuant to a Shelf Registration Statement, any Participating Broker-Dealer and counsel
for the Holders, all relevant financial and other records, pertinent corporate documents and properties of the Company reasonably requested by any such Persons, and use commercially reasonable efforts to have the respective officers, directors,
employees, and any other agents of the Company supply all relevant information reasonably requested by any such representative, underwriter, Participating Broker-Dealer or counsel for the Holders in connection with a Registration Statement, in each
case, as is customary for similar due diligence investigations; provided, however, that any information that is designated in writing by the Company, in good faith, as confidential at the time of delivery of such information shall be kept
confidential by the Holders, any underwriter, any Participating Broker-Dealer and any of their respective representatives, unless such disclosure is made in connection with a court proceeding or required by law, or such information becomes available
to the public generally or through a third party without an accompanying obligation of confidentiality, provided, further, that prior notice shall be provided as practicable to the Company of the potential disclosure of any information
in connection with a court proceeding or required by law to permit the Company to obtain a protective order or take such other action to prevent disclosure of such information; 

(p) a reasonable time prior to the filing of any Shelf Registration Statement (other than an Automatic Shelf Registration Statement), any
Prospectus forming a part thereof, any amendment to a Shelf Registration Statement or amendment or supplement to such Prospectus (other than with respect to any such amendment or supplement resulting solely from the incorporation by reference of any
report filed under the Securities Exchange Act), provide copies of such document to the counsel for the Holders, if any, and make such changes in any Shelf Registration Statement, any Prospectus forming a part thereof or amendment or supplement
thereto prior to the filing thereof as counsel for the Holders may reasonably request within three business days of being sent a draft thereof and make the representatives of the Company available for discussion of such documents as shall be
reasonably requested by the Holders; 

  
 -13- 

 (q) in the case of a Shelf Registration, use its commercially reasonable efforts to cause the
Registrable Securities to be rated by the appropriate rating agencies, if so requested by the Majority Holders, or if requested by the underwriter or underwriters of an underwritten offering of Registrable Securities, if any; 

(r) otherwise comply with all applicable rules and regulations of the SEC and make available to its security holders, as soon as reasonably
practicable, an earnings statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; and 

(s) cooperate and assist in any filings required to be made with FINRA. 

In the case of a Shelf Registration Statement, the Company may (as a condition to the participation of such Holder and the beneficial owner of
Registrable Securities in the Shelf Registration and in addition to any other conditions to such participation set forth in this Agreement) require each Holder of Registrable Securities to furnish to the Company prior to the 30th day following the
Company’s filing of such request for information with the Trustee for delivery to the Holders such information regarding the Holder and the proposed distribution by such Holder or beneficial owner of such Registrable Securities as the Company
may from time to time reasonably request in writing. 
 In the case of a Shelf Registration Statement, each Holder agrees that, upon receipt
of any notice from the Company of the happening of any event or the discovery of any facts, each of the kind described in Section 3(e)(iv), such Holder will forthwith discontinue disposition of Registrable Securities
pursuant to a Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3(k), and, if so directed by the Company, such Holder will deliver to the
Company (at its expense) all copies in such Holder’s possession, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Registrable Securities current at the time of receipt of such notice. 

If any of the Registrable Securities covered by any Shelf Registration Statement are to be sold in an underwritten offering, the underwriter
or underwriters and manager or managers that will manage such offering will be selected by the Majority Holders of such Registrable Securities included in such offering and shall be acceptable to the Company. No Holder of Registrable Securities may
participate in any underwritten registration hereunder unless such Holder (a) agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve
such arrangements and (b) completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements. 

4. Indemnification; Contribution. 

(a) The Company agrees to indemnify and hold harmless, each Holder (including the Dealer Manager, if applicable, and each Participating
Broker-Dealer) and each Person, if any, who controls any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act as follows: 

  
 -14- 

 (i) against any and all loss, liability, claim, damage and expense, as incurred,
arising out of any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement pursuant to which Registrable Securities were registered under the Securities Act or the omission or alleged omission
therefrom of a material fact required to be stated therein or necessary to make the statements therein not misleading, or arising out of any untrue statement or alleged untrue statement of a material fact contained in any Prospectus or the omission
or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

(ii) against any and all loss, liability, claim, damage and expense, as incurred, to the extent of the aggregate amount paid in
settlement of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or
omission; provided, that any such settlement is effected with the written consent of the Company; and 
 (iii) against
any and all expense, as incurred (including the reasonable and documented fees and disbursements of counsel chosen by any indemnified party), reasonably incurred in investigating, preparing or defending against any litigation, or any investigation
or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission, to the extent that any such expense is not paid
under subparagraph (i) or (ii) above; 
 provided, however, that this indemnity agreement shall not apply to any loss,
liability, claim, damage or expense to the extent arising out of any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with written information furnished to the Company by the Holder or any
underwriter expressly for use in a Registration Statement or any Prospectus. 
 (b) Each Holder severally, but not jointly, agrees to
indemnify and hold harmless the Company and the other selling Holders, and each of their respective directors and officers, and each Person, if any, who controls the Company or any other selling Holder within the meaning of Section 15 of the
Securities Act or Section 20 of the Securities Exchange Act, against any and all loss, liability, claim, damage and expense described in the indemnity contained in Section 4(a), as incurred, but only with respect to
untrue statements or omissions, or alleged untrue statements or omissions, made in the Shelf Registration Statement or any Prospectus included therein in reliance upon and in conformity with written information with respect to such Holder furnished
to the Company by such Holder expressly for use in the Shelf Registration Statement or such Prospectus. 

  
 -15- 

 (c) Each indemnified party shall give notice as promptly as reasonably practicable to each
indemnifying party of any action or proceeding commenced against it in respect of which indemnity may be sought hereunder, but failure so to notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the
extent it is not materially prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account of this indemnity agreement; the indemnifying party shall assume the defense of such
action or proceeding with counsel reasonably satisfactory to such indemnified party, and shall not be liable to such indemnified party under this Section 4 for any legal expenses subsequently incurred by such indemnified
party in connection with the defense thereof. An indemnified party may participate at its own expense in the defense of such action; provided, however, that counsel to the indemnified party shall not (except with the consent of the
indemnifying party) also be counsel to the indemnifying party. In no event shall the indemnifying party or parties be liable for the fees and expenses of more than one counsel (in addition to any local counsel) separate from their own counsel for
all indemnified parties in connection with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations or circumstances. No indemnifying party shall, without the prior written
consent of the indemnified parties, settle or compromise or consent to the entry of any judgment with respect to any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever
in respect of which indemnification or contribution could be sought under this Section 4 (whether or not the indemnified parties are actual or potential parties thereto), unless such settlement, compromise or consent
(i) includes an unconditional release of each indemnified party from all liability arising out of such litigation, investigation, proceeding or claim and (ii) does not include a statement as to or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party. 
 (d) If the indemnification provided for in this
Section 4 is for any reason unavailable to or insufficient to hold harmless an indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to therein, then each indemnifying party shall
contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such indemnified party, as incurred, in such proportion as is appropriate to reflect the relative fault of the Company on the one hand and the
Holders on the other hand in connection with the statements or omissions which resulted in such losses, liabilities, claims, damages or expenses, and the relative benefit received by the indemnified party, on the one hand, and the indemnifying
party, on the other hand, in connection with the Exchange Offer and the Shelf Registration, as well as any other relevant equitable considerations. 

The relative fault of the Company on the one hand and the Holders on the other hand shall be determined by reference to, among other things,
whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company or the Holders and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission. 
 The Company and the Holders agree that it would not be just
and equitable if contribution pursuant to this Section 4 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to above in this
Section 4. The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified party and referred to above in this Section 4 shall be

  
 -16- 

 
deemed to include any legal or other expenses reasonably incurred by such indemnified party in investigating, preparing or defending against any litigation, or any investigation or proceeding by
any governmental agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue or alleged untrue statement or omission or alleged omission. 

No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent misrepresentation. 
 For purposes of this
Section 4, each Person, if any, who controls a Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act shall have the same rights to contribution as such Holder,
and each director of the Company, and each Person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act shall have the same rights to contribution as the
Company, respectively. 
 5. Miscellaneous. 

5.1 No Inconsistent Agreements. The Company has not entered into and the Company will not after the date of this Agreement enter into
any agreement which is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. The rights granted to the Holders hereunder do not and will not for the term of
this Agreement in any way conflict with the rights granted to the holders of the Company’s other issued and outstanding securities under any such agreements. 

5.2 Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company has obtained the written consent of Holders of at least a majority in aggregate principal amount of the outstanding Registrable
Securities affected by such amendment, modification, supplement, waiver or departure. 
 5.3 Notices. All notices and other
communications provided for or permitted hereunder shall be made in writing by hand delivery, registered first-class mail, telex, telecopier, or any courier guaranteeing overnight delivery (a) if to a Holder, at the most current address given
by such Holder to the Company by means of a notice given in accordance with the provisions of this Section 5.3, which address initially is the address set forth in the Dealer Manager Agreement with respect to the Dealer
Manager; and (b) if to the Company, initially at the Company’s address set forth in the Dealer Manager Agreement, and thereafter at such other address of which notice is given in accordance with the provisions of this
Section 5.3. 
 All such notices and communications shall be deemed to have been duly given: at the time delivered
by hand, if personally delivered; two business days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt is acknowledged, if telecopied; and on the next business day if timely delivered to an
air courier guaranteeing overnight delivery. 

  
 -17- 

 Copies of all such notices, demands, or other communications shall be concurrently delivered by
the Person giving the same to the Trustee under the Indenture, at the address specified in such Indenture. 
 5.4 Successor and
Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders;
provided, that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Dealer Manager Agreement, any note or global note representing such Registrable
Securities or the Indenture. If any transferee of any Holder shall acquire Registrable Securities, in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all of the terms of this Agreement, and
by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement, including the restrictions on resale set forth in this
Agreement and, if applicable, the Dealer Manager Agreement, and such person shall be entitled to receive the benefits hereof. 
 5.5
Third-Party Beneficiaries. The Dealer Manager (even if the Dealer Manager is not a Holder of Registrable Securities) shall be a third-party beneficiary to the agreements made hereunder by the Company for the benefit of the Holders and shall
have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of Holders hereunder. Each Holder of Registrable Securities shall be a third-party beneficiary to
the agreements made hereunder between the Company, on the one hand, and the Dealer Manager, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its
rights hereunder. 
 5.6 Restriction on Resales. Until the expiration of one year after the original issuance of the New BD Notes, the
Company will not, and will use its reasonable best efforts to cause its “affiliates” (as such term is defined in Rule 144(a)(1) under the Securities Act) not to, resell any New BD Notes which are “restricted securities” (as such
term is defined under Rule 144(a)(3) under the Securities Act) that have been reacquired by any of them and shall immediately upon any purchase of any such New BD Notes submit such to the Trustee for cancellation. 

5.7 Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

5.8 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 5.9 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK
WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS THEREOF. 

  
 -18- 

 5.10 Severability. In the event that any one or more of the provisions contained herein,
or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected
or impaired thereby. 
 [Signature Pages Follow] 

  
 -19- 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

			
	 Becton, Dickinson and
Company

 
			
		
	By:	 	 /s/ Christopher R. Reidy

	Name:	 	Christopher R. Reidy
	Title:	 	Executive Vice President, Chief Financial Officer and Chief Administrative Officer

 [Signature Page to Registration Rights Agreement] 

 Confirmed and accepted as of the date first above written: 

 

			
	CITIGROUP GLOBAL MARKETS INC.

			
		
	By:	 	 /s/ Matthew D. Barsamian

	Name:	 	Matthew D. Barsamian
	Title:	 	Director

 [Signature Page to Registration Rights Agreement]EX-4.2

 Exhibit 4.2 

[If Rule 144 Note, insert Rule 144A Legend from Appendix A]1 

[If Regulation S Note, insert Regulation S Legend from Appendix A]2 

 

	1 	Not required for Exchange Notes or other Notes that do not bear and are not required to bear a Restricted Notes Legend. 

	2 	Not required for Exchange Notes or other Notes that do not bear and are not required to bear a Restricted Notes Legend. 

 Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New
York corporation (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized
representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
inasmuch as the registered owner hereof, Cede & Co., has an interest herein. 
 BECTON, DICKINSON AND COMPANY 

4.400% Notes due January 15, 2021 
  

	CUSIP No.	[144A: 075887 BZ1] 

	    	[Reg S: U0740R AC6] 

$                 

No.     
 BECTON, DICKINSON
AND COMPANY, a New Jersey corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “Company”) for value received, hereby promises to pay to Cede & Co., or
registered assigns, the principal sum of $            on January 15, 2021 and to pay interest, on January 15 and July 15 of each year, commencing January 15, 2018, on
said principal sum at the rate of 4.400% per annum, from December 29, 2017 or from the most recent interest payment date to which interest has been paid or provided for, as the case may be, until payment of said principal sum has been made or
duly provided for; provided, however, that payment of interest may be made at the option of the Company (i) by check mailed to the address of the person entitled thereto as such address shall appear on the register of Notes or
(ii) by transfer in immediately available funds to an account maintained by the person entitled thereto as specified in the register of Notes. The interest so payable on any January 15 or July 15 shall, subject to certain exceptions
provided in the Indenture referred to on the reverse hereof, be paid to the person in whose name this Note is registered at the close of business on the January 1 or July 1 immediately preceding the applicable interest payment date. 

Reference is 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. 

 IN WITNESS HEREOF, Becton, Dickinson and Company has caused this Note to be executed in its name
and on its behalf by its duly authorized officers, and has caused its corporate seal to be affixed hereunto or imprinted hereon. 
 Dated: 

 

					
	BECTON, DICKINSON AND COMPANY
		
	By:	 	  

		 	Name:	 	Christopher R. Reidy
		 	Title	 	Executive Vice President, Chief Financial Officer and Chief Administrative Officer

 (CORPORATE SEAL) 
 Attest:

  

			
	  

	Name:	 	Gary DeFazio
	Title	 	Senior Vice President, Corporate Secretary and Associate General Counsel

 TRUSTEE’S CERTIFICATE 

OF AUTHENTICATION 
 This Note is one of the
Securities of the series referred to herein issued pursuant to the within-mentioned Indenture. 
 Dated: 

 

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

		 	Authorized Signatory

 [Reverse of Security] 

BECTON, DICKINSON AND COMPANY 

4.400% Notes due January 15, 2021 

This Note is one of a duly authorized issue of debentures, notes or other evidences of indebtedness of the Company (herein called the
“Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an Indenture, dated as of March 1, 1997 (as amended or supplemented, herein called the “Indenture”), duly executed and
delivered by the Company and The Bank of New York Mellon Trust Company, N.A., as successor to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee (herein called the “Trustee”), to which the Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties, obligations and immunities thereunder of the Company, the Trustee 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 4.400% Notes due January 15, 2021 (the “Notes”) limited in
aggregate principal amount to $            (except as in the Indenture provided) (the “Initial Notes”). The Company may, from time to time, without the consent of the existing
holders of the Notes, issue additional notes under the Indenture (the “Additional Notes”) having the same terms as the Initial Notes in all respects, except for issue date, issue price and the initial interest payment date. Any such
Additional Notes shall be consolidated with and form a single series with the Initial Notes. References herein to the “Notes” shall refer to the Initial Notes and any Additional Notes and Exchange Notes, of which shall be treated as a
single class of securities for all purposes (including voting) under the Indenture, unless otherwise indicated. Terms defined in the Indenture have the same definitions herein unless otherwise specified. 

The terms and provisions of Appendix A attached hereto shall apply to the Notes of this series. The Notes of this series shall be issued in
registered form and shall be transferable only upon the surrender of a Note of this series for registration of transfer and in compliance with Appendix A attached hereto. 

In case an Event of Default, as defined in the Indenture, with respect to the Notes shall have occurred and be continuing, the principal
hereof and interest hereon 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. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the holders of the Securities of any series at any time by the Company and the Trustee with the consent of the holders of a majority in aggregate principal amount of the outstanding Securities of such series, each
affected series voting separately. The Indenture also contains provisions permitting the holders of a majority in aggregate principal amount of the outstanding Securities 

 
of any series, on behalf of the holders of all the Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by or on behalf
of the holder of this Note shall be conclusive and binding upon such holder and upon all future holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or not notation of
such consent or waiver is made upon this Note or such other Note. 
 Subject to the terms of the Indenture, the Company may elect either
(i) to defease and be discharged from any and all obligations with respect to the Notes or (ii) to be released from its obligations with respect to certain covenants applicable to the Notes, upon compliance by the Company with certain
conditions set forth therein, which provisions apply to this Note. 
 No reference herein to the Indenture and no provision of this Note or
of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective times, at the rate and in the coin or currency prescribed
herein. 
 The Notes are redeemable as a whole or in part at the option of the Company at any time prior to October 15, 2020, at a
redemption price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum, as determined by an Independent Investment Banker, of the present values of the Remaining Scheduled Payments on the Notes
(excluding the portion of interest that will be accrued and unpaid to and including the date of redemption), discounted to the redemption date on a semiannual basis, assuming a 360-day year consisting of
twelve 30-day months, at the Treasury Rate plus 15 basis points, plus in each case, accrued and unpaid interest to the date of redemption on the principal balance of the Notes being redeemed. The Notes are
also redeemable as a whole or in part at the option of the Company at any time on or after October 15, 2020 at a redemption price equal to 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest to the date of
redemption on the principal balance of the Notes being redeemed. For the purposes hereof: 
 “Treasury Rate” means, for any
redemption date, the annual rate equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue equal to the Comparable Treasury Price, expressed as a percentage of its
principal amount, for such redemption date. The yield of the Comparable Treasury Issue shall be computed as of the second Business Day immediately preceding the redemption date. 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker that would be
used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the applicable remaining term of the Notes being redeemed. 

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 

 “Reference Treasury Dealer” means each of the investment banks the Company may use to
select a Comparable Treasury Issue including Citigroup Global Markets Inc., its successors and, and any three other nationally recognized investment banking firms that the Company shall appoint from time to time that are primary dealers of U.S.
government securities in New York City; provided, however, that if any of the firms ceases to be a primary dealer of U.S. government securities in New York City, the Company shall appoint another nationally recognized investment
banking firm as a substitute therefor. 
 “Comparable Treasury Price” means, for any redemption date, (1) the average of the
Reference Treasury Dealer Quotations obtained by the Company for that redemption date after excluding the highest and lowest of those Reference Treasury Dealer Quotations; or (2) if the Company obtains fewer than four Reference Treasury Dealer
Quotations, the average of all those quotations. 
 “Reference Treasury Dealer Quotation” means, with respect to any redemption
date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by a Reference Treasury Dealer as of
3:30 p.m., New York time, on the third Business Day preceding that redemption date. The Company shall seek Reference Treasury Dealer Quotations in respect of any redemption date from each of the then-existing Reference Treasury Dealers. 

“Remaining Scheduled Payments” means, with respect to each Note being redeemed, the remaining scheduled payments of principal and
interest on that Note that would be due after the related redemption date but for the redemption; provided, however, that if the redemption date is not an interest payment date with respect to that Note, the amount of the next
succeeding scheduled interest payment on that Note that would have been due shall be deemed reduced by the amount of interest accrued on the Note to the redemption date. 

Notice of any redemption described above shall be mailed at least 30 days but not more than 60 days before the redemption date to each holder
of the Notes or portions thereof called for redemption. On and after any redemption date, the Notes or any portion of the Notes called for redemption shall stop accruing interest. On or before any redemption date, the Company shall deposit with the
paying agent or the Trustee money sufficient to pay the accrued interest on the Notes to be redeemed and their redemption price. If less than all of the Notes are redeemed, such Notes should be redeemed in accordance with DTC procedures. 

Upon the occurrence of a Change of Control Triggering Event, unless the Notes have been earlier redeemed, the Company will, pursuant to the
terms offer described below, offer to purchase all or a portion of each holder’s Notes (equal to $1,000 or an integral multiple of $1,000 in excess thereof) (a “Change of Control Offer”) at a purchase price equal to 101% of the
principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control Payment”), subject to the rights of holders of Notes on the relevant record date to receive interest due on the relevant
interest payment date. For purposes hereof: 

 “Change of Control” means the occurrence of any one of the following: 

(i) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a
series of related transactions, of all or substantially all of the assets of the Company and its subsidiaries taken as a whole to any Person (including any “person” (as that term is used in Section 13(d)(3) of the Securities Exchange
Act of 1934 (the “Exchange Act”))) other than to the Company or one of its subsidiaries; 
 (ii) the consummation of any
transaction (including without limitation, any merger or consolidation) the result of which is that any Person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock of the Company,
measured by voting power rather than number of shares; 
 (iii) the Company consolidates with, or merges with or into, any Person, or any
Person consolidates with, or merges with or into, the Company , in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other
property, other than any such transaction where the shares of the Voting Stock of the Company outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving
Person immediately after giving effect to the transaction; or 
 (iv) the adoption of a plan relating to the liquidation or dissolution of
the Company. 
 Notwithstanding the foregoing, a transaction shall not be considered to be a Change of Control if: (a) the Company
becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)(x) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the
Company’s Voting Stock immediately prior to that transaction or (y) immediately following that transaction, no Person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Change of Control Triggering Event” means the Notes cease to be rated Investment Grade by each of the Rating Agencies on any date
during the period (the “Trigger Period”) commencing on the date of the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of that Change of Control
(which Trigger Period shall be extended following consummation of a Change of Control for so long as any of the Rating Agencies has publicly announced that it is considering a possible ratings downgrade and the downgrade would result in a Change of
Control Triggering Event). Unless at least two of the Rating Agencies are providing a rating for the Notes at the commencement of any Trigger Period, the Notes shall be deemed to be rated below Investment Grade by the Rating Agencies during that
Trigger Period. Notwithstanding the foregoing, no Change of Control Triggering Event shall be deemed to have occurred in connection with (i) any particular Change of Control unless and until such Change of Control has actually been consummated
or (ii) any reduction in rating if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request that the reduction was the
result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, a Change of Control (whether or not the Change of Control shall have occurred at the time of the reduction in rating). In no event
shall the Trustee be charged with the responsibility of monitoring the Company’s ratings. 

 “Fitch” means Fitch Ratings, Inc. and its successors. 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category of
Moody’s); and a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P); and a rating of BBB- or better by Fitch (or
its equivalent under any successor rating category of Fitch) or the equivalent investment grade credit rating from any additional Rating Agency or Rating Agencies selected by the Company in accordance with the definition of “Rating
Agency.” 
 “Moody’s” means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its
successors. 
 “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
 “Rating Agency” means each of Fitch,
Moody’s and S&P; provided that if any of Fitch, Moody’s or S&P ceases to provide rating services to issuers or investors or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control,
the Company may appoint a replacement for that Rating Agency. 
 “S&P” means S&P Global Ratings, a division of S&P
Global Inc., and its successors. 
 “Voting Stock” of any specified Person as of any date means the capital stock of that Person
that is at the time entitled to vote generally in the election of the board of directors of that Person. 
 Within 30 days following the
date upon which the Change of Control Triggering Event has occurred, or at the Company’s option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company shall send, in accordance with DTC
procedures or otherwise by first class mail, a notice to each holder of the Notes, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. The notice shall describe the transaction or transactions constituting
the Change of Control Triggering Event and offer to repurchase the Notes on the purchase date, which must be no earlier than 30 days nor later than 60 days from the date the notice is sent, other than as may be required by law (the “Change of
Control Payment Date”). If the notice is mailed prior to the date of consummation of the Change of Control, it shall state that the Change of Control Offer is conditioned on the Change of Control being consummated on or prior to the Change of
Control Payment Date. 
 If holders of Notes elect to have Notes purchased pursuant to a Change of Control Offer, they must surrender their
Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of this Note completed, to the Trustee at the address specified in the notice, or transfer their Notes to the Trustee by book-entry transfer pursuant to the
applicable procedures of DTC, prior to the close of business on the third Business Day prior to the Change of Control Payment Date. On or prior to 12:00 p.m., New York City time, on the Business Day immediately preceding the Change of Control
Payment Date, the Company shall, to the extent lawful, deposit with the paying agent or the Trustee an amount equal to the Change of Control Payment in respect of all the Notes or portions of the Notes properly tendered. 

 On the Change of Control Payment Date, the Company shall, to the extent lawful, (i) accept
for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer and (ii) deliver or cause to be delivered to the Trustee the Notes properly accepted. The paying agent or the Trustee, as applicable, shall
promptly deliver to each holder of the Notes properly tendered the Change of Control Payment for such Notes, and the Trustee shall promptly authenticate and mail (or cause to be transferred by book entry) to each holder of the Notes a new Note equal
in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each new Note shall be in a minimum principal amount equal to $1,000 and integral multiples of $1,000 in excess thereof. 

The Company shall not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times and
otherwise in compliance with the requirements for such an offer made by the Company and that third party purchases all Notes properly tendered and not withdrawn under its offer. To the extent that the provisions of any securities laws or regulations
conflict with the provisions herein, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under the provisions herein by virtue of such conflicts. 

Upon the presentment for registration of transfer of this Note at the office or agency of the Company designated for such purpose pursuant to
the Indenture, a new Note or Notes of authorized denominations for an equal aggregate principal amount shall be issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or
other governmental charge imposed in connection therewith. 
 Prior to due presentment for registration of transfer of this Note, the
Company, the Trustee or any Note registrar, co-registrar, paying agent or authenticating agent, may deem and treat the registered holder hereof as the absolute owner of this Note (whether or not this Note
shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of receiving payment hereof, or an account hereof, and for all other purposes, and the Company, the Trustee and any Note registrar, co-registrar, paying agent and authenticating agent shall not be affected by any notice to the contrary. 

Registration Rights 
 In addition to the
rights set forth under the Indenture, holders of this Note will have all the rights set forth in the Registration Rights Agreement, dated as of December 29, 2017, by and between the Company and Citigroup Global Markets Inc. (the
“Registration Rights Agreement”), including the right to receive Additional Interest (as defined in the Registration Rights Agreement), if any, pursuant to the Registration Rights Agreement. 

Upon the consummation of the exchange offer in accordance with the Registration Rights Agreement (the “Registered Exchange Offer”),
the Company will issue and the Trustee will authenticate one or more Exchange Notes in accordance with the procedures set forth in Section 2.02 of the Indenture and Appendix A attached hereto. 

 All Exchange Notes issued and authenticated in accordance with the terms described herein shall
be part of the same series as any outstanding Notes and shall vote and consent, together with any outstanding Notes as one class, on all matters that require their vote or consent under the Indenture, except in the case of any matter that affects
only the Notes (other than the Exchange Notes) or only the Exchange Notes. 
 Governing Law 

This Note and the Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to a Change of Control Offer, check the appropriate box below: 

[    ] Change of Control Offer 

If you want to elect to have only part of this Note purchased by the Company pursuant to a Change of Control Offer, state the amount you elect
to have purchased: 

$                     (equal to
$1,000 or an integral multiple of $1,000 in excess thereof) 
  

											
		  	Date:	  	  
	  		  	Your Signature:	  	  

						
		  		  		  		  		  	 (Sign exactly as your name

		  		  		  		  		  	appears on the face of this
		  		  		  		  		  	 Note)

						
		  		  		  		  	 Tax Identification No.:
	  	
 

 

									
		  	Signature Guarantee*:	  	  
	  	

  

	*	Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee). 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part of another
Global Note or Definitive Note 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
officer of Trustee or

Notes Custodian

	  
	  	  
	  	  
	  	  
	  	  

	  
	  	  
	  	  
	  	  
	  	  

  

	*	Insert in Global Notes. 

 Appendix A 

TRANSFER RESTRICTIONS 

ARTICLE 1 
 DEFINITIONS 

Section 1.1 Definitions 

Terms used in this Appendix A which are defined in the Indenture, dated as of March 1, 1997, between Becton, Dickinson and Company and The
Bank of New York Mellon Trust Company, N.A., as successor to JPMorgan Chase Bank (formerly known as The Chase Manhattan Bank), as Trustee (as amended or supplemented from time to time, the “Indenture”), and the Note to which this
Appendix A is attached and of which this Appendix A forms a part, shall have the respective meanings set forth in the Indenture or the Note, as the case may be. In addition, for the purposes of this Appendix A the following terms shall have the
meanings indicated below: 
 “Certificated Note” means a certificated Initial Note, Additional Note or Exchange Note
(bearing, in the case of an Initial Note or Additional Note, a Restricted Notes Legend unless such Legend has been removed in accordance with the provisions of this Appendix A or, in the case of any Additional Note, unless such Additional Note
is a Registered Additional Note) that is registered in the name of a Holder other than the Depositary or its nominee and that does not bear the Global Note Legend. 

“Clearstream” means Clearstream Banking, société anonyme, or any successor. 

“Distribution Compliance Period” means, with respect to any Regulation S Note, the period of 40 consecutive days beginning on
and including the later of (a) the day on which such Note is first offered to Persons other than distributors (as defined in Regulation S) in reliance on Regulation S, and (b) the date of original issuance of such Note or any predecessor
Note. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of Euroclear systems, or any successor. 

“Exchange Offer” means an offer by the Company, pursuant to a Registration Rights Agreement, to Holders of Initial Notes or
Additional Notes, as applicable, to issue and deliver to such Holders, in exchange for their Initial Notes or Additional Notes, as applicable, a like aggregate principal amount of Exchange Notes registered under the Securities Act. 

“Note Custodian” means the custodian with respect to a Global Note, which shall initially be the Trustee, or any successor
thereto. 
 “Offering Memorandum” means the Offering Memorandum and Consent Solicitation Statement, dated as of May 5,
2017, as amended to date. 

  
 Exhibit A-1 

 “QIB” means a “qualified institutional buyer” as defined in Rule 144A.

 “Registered Additional Notes” means Additional Notes that were originally issued and sold pursuant to an effective
registration statement under the Securities Act permitting such Additional Notes to be publicly offered and sold. 
 “Regulation
S” means Regulation S promulgated under the Securities Act. 
 “Restricted Global Note” means any Global Note that
bears or is required to bear a Restricted Notes Legend. 
 “Restricted Notes Legend” means the Rule 144A Legend, the
Regulation S Legend or the Certificated Note Restricted Legend, as applicable. 
 “Rule 144” means Rule 144 promulgated
under the Securities Act. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Shelf Registration Statement” means a registration statement filed by the Company with the SEC for the purpose of
registering the offer and sale of Initial Notes and/or Additional Notes pursuant to the Registration Rights Agreement. 
 “Transfer
Restricted Notes” means any Notes that bear or are required to bear a Restricted Notes Legend. 
 “Unrestricted Global
Note” means any Global Note that does not bear or is not required to bear a Restricted Notes Legend. For purposes of clarity, Global Notes representing Exchange Notes shall be deemed Unrestricted Global Notes. 

“U.S. person” means a “U.S. person” as defined in Regulation S. 

Section 1.2 Other Definitions 
  

					
	 Term
	  	Defined in Section:	 
	 “Certificated Note Restricted Legend”
	  	 	2.2	(d)(iv) 
	 “DTC”
	  	 	2.1	(c) 
	 “Global Note Legend”
	  	 	2.2	(d)(i) 
	 “Participants”
	  	 	2.1	(c) 
	 “Regulation S Global Note”
	  	 	2.1	(b) 
	 “Regulation S Notes”
	  	 	2.1	(a) 
	 “Regulation S Legend”
	  	 	2.2	(d)(iii) 
	 “Rule 144A Global Note”
	  	 	2.1	(b) 
	 “Rule 144A Legend”
	  	 	2.2d	)(ii) 
	 “Rule 144A Notes”
	  	 	2.1	(a) 
	 “Schedule”
	  	 	2.1	(b) 
	 “U.S. Resale Restriction Termination Date”
	  	 	2.2	(a) 

  
 Appendix-2 

 ARTICLE 2 

THE NOTES 
 Section 2.1
Forms of Notes 
 (a) Offering and Sale of Initial Notes and Additional Notes. The Initial Notes will be issued by the Company
to the holders of the 4.400% Notes due 2021 issued by C. R. Bard, Inc. pursuant to the terms and conditions described in the Offering Memorandum. The Company may offer and sell Additional Notes from time to time, including, without limitation,
offers and sales pursuant to one or more purchase agreements or underwriting agreements between the Company and one or more initial purchasers or underwriters. The Initial Notes will be resold, and Additional Notes (other than Registered Additional
Notes) may be resold, initially only (i) to QIBs in reliance on Rule 144A (Notes so resold in reliance on Rule 144A, the “Rule 144A Notes”) and (ii) to Persons other than U.S. persons in reliance on
Regulation S (Notes so resold in reliance on Regulation S, the “Regulation S Notes”). Initial Notes or any such Additional Notes (other than Registered Additional Notes) may thereafter be transferred only to, among others, QIBs in
reliance on Rule 144A and non-U.S. persons in reliance on Regulation S, subject to the restrictions on transfer set forth herein and the other applicable requirements of the Indenture. 

(b) Global Notes. Unless otherwise provided in an Officers’ Certificate delivered to the Trustee, the Initial Notes and Additional
Notes that are initially resold pursuant to Rule 144A shall be issued initially in the form of one or more Global Notes (each a “Rule 144A Global Note”), and Initial Notes and Additional Notes that are
initially resold pursuant to Regulation S shall be issued initially in the form of one or more Global Notes (each a “Regulation S Global Note”), in each case bearing the Global Notes Legend and the applicable Restricted Notes
Legend. Each Global Note shall represent such of the outstanding Notes as shall be specified in the “Schedule of Exchanges of Interests in the Global Note” (or a similar schedule) attached thereto (the “Schedule”). The
aggregate principal amount of outstanding Notes represented by a Global Note may be increased or decreased, as applicable, from time to time to reflect transfers, exchanges, redemptions, repurchases and cancellation of Notes represented thereby. Any
endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Notes represented thereby shall be made by the Note Custodian, at the direction of the Registrar, in accordance with
Section 2.2 of this Appendix A and any applicable provisions of the Indenture. 
 (c) Book-Entry Provisions. This
Section 2.1(c) shall apply only to a Global Note deposited with or on behalf of the Depositary. 
 Prior to the expiration of the
Distribution Compliance Period with respect to a Regulation S Global Note, beneficial interests in such Regulation S Global Note may be held only through Clearstream and Euroclear, as members of, or participants in, in the Depositary (the
“Participants”), provided, that if The Depository Trust Company (“DTC”) is not the Depositary for such Regulation S Global Note during such Distribution Compliance Period, beneficial interests in such Regulation S
Global Note shall be held in accordance with the customary procedures of whomsoever shall be the Depositary. After the expiration of the Distribution 

  
 Appendix-3 

 
Compliance Period with respect to a Regulation S Global Note, holders of beneficial interests in such Regulation S Global Note may also hold interests in such Regulation S Global Note through
Participants in the Depositary other than Clearstream and Euroclear, provided, that if DTC is not the Depositary for such Regulation S Global Note after such Distribution Compliance Period, beneficial interests in the Regulation S Global Note shall
be held in accordance with the customary procedures of whomsoever shall be the Depositary. 
 (d) Certificated Notes. Except as
provided in Section 2.06 of the Indenture, owners of beneficial interests in Global Notes will not be entitled to receive Certificated Notes in exchange for their interests in such Global Notes. 

Section 2.2 Transfer and Exchange. 

(a) Transfer Restrictions. So long as they are Transfer Restricted Notes, the Initial Notes and any Additional Notes (other than
Registered Additional Notes) may not be offered, sold or disposed of except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any other applicable
jurisdiction. 
 Neither a Rule 144A Note nor any interest or participation therein may be offered, sold, assigned, transferred, pledged or
otherwise disposed of at any time prior to (x) the date which is six months (assuming the Company satisfies the current public reporting requirements of Rule 144) or one year (if the Company does not) after the later of the date of original
issue of such Rule 144A Note (or any predecessor thereto) and the last date on which the Company or any “affiliate” (as defined in Rule 144) of the Company was the owner of such Rule 144A Note (or any predecessor thereto) or any interest
or participation in such Rule 144A Note or (y) such later date, if any, as may be required by any subsequent change in applicable law (the “U.S. Resale Restriction Termination Date”), except (a) to the
Company or any of its Subsidiaries, (b) pursuant to a registration statement which is effective under the Securities Act, (c) for so long as such Rule 144A Note is eligible for resale pursuant to Rule 144A, to a Person the transferor
reasonably believes is a QIB acquiring such Rule 144A Note or such interest or participation for its own account or for the account of another QIB to whom notice is given that the transfer is being made in reliance on Rule 144A in a transaction
meeting the requirements of Rule 144A, (d) to a non-U.S. person in an offshore transaction within the meaning of, and in compliance with, Regulation S or (e) pursuant to any other available exemption
from the registration requirements of the Securities Act, subject to, in each of the foregoing cases, any requirement of law that the disposition of such Rule 144A Note or such interest or participation be at all times within the transferor’s
control, and to compliance with the securities laws of any other applicable jurisdiction and with the procedures specified in the Indenture (including this Appendix A). 

Until the expiration of the Distribution Compliance Period with respect to a Regulation S Note, such Regulation S Note or any interest or
participation therein (i) may not be offered, sold, assigned, transferred, pledged or otherwise disposed within the United States (within the meaning of Regulation S) or to, or for the account or benefit of, a U.S. person, except to a Person
that the transferor reasonably believes to be a QIB acquiring such Regulation S Note or such interest or participation for its own account or for the account of another QIB to whom 

  
 Appendix-4 

 
notice is given that the transfer is being made in reliance on Rule 144A in a transaction meeting the requirements of Rule 144A and (ii) except as provided in clause (i) above, may not
be offered, sold, assigned, transferred, pledged or disposed of except to a non-U.S. person in an offshore transaction within the meaning of, and in compliance with, Regulation S, and in each case such offer,
sale, assignment, transfer, pledge or disposition must comply with the securities laws of any other applicable jurisdiction and with the procedures specified in the Indenture (including this Appendix A). In addition, during such Distribution
Compliance Period, beneficial interests in a Regulation S Global Note may only be held through Euroclear or Clearstream or their respective direct or indirect participants. 

The remaining provisions of this Section 2.2 are intended to implement the forgoing restrictions. To the extent that any transfer or
exchange of Transfer Restricted Notes (including, without limitation, beneficial interests in Restricted Global Notes) is not covered by a specific procedure in the remaining provisions of this Section 2.2, the Company may implement such
procedures and impose such conditions to such exchange or transfer (including, without limitation, the delivery of certificates, legal opinions and other documents) as the Company in its sole discretion may deem necessary or appropriate to implement
the foregoing restrictions. 
 (b) Transfer and Exchange of Certificated Notes. If Certificated Notes are issued in exchange for
beneficial interests in Global Notes pursuant to Section 2.06 of the Indenture, such Certificated Notes will be registered in the names, and issued in any authorized denominations, requested by or on behalf of the Depositary (in accordance with
its customary procedures) and, if any such Global Notes are Transfer Restricted Notes, the Certificated Notes issued in exchange for interests therein will bear the Certificated Note Restricted Legend and either the Rule 144A Legend or the
Regulation S Legend, as applicable, unless otherwise determined by the Company. If Certificated Notes are issued in exchange for beneficial interests in Global Notes, the Registrar shall reflect on its books and records the date and a decrease in
the principal amount of the applicable Global Note in an amount equal to the principal amount of the interests being exchanged for Certificated Notes and the Registrar shall instruct the Note Custodian to decrease or reflect on its records a
decrease in the principal amount of such Global Note (and to record such decrease by endorsement on the Schedule attached to such Global Note) in a principal amount equal to the principal amount of such interests being exchanged. If
Certificated Notes are issued in exchange for beneficial interests in a Restricted Global Note, then, unless the Company shall otherwise advise the Trustee and the Registrar in writing, such interests may be exchanged only in accordance with such
procedures as are substantially consistent with the provisions of this Section 2.2 (including the certification and other requirements set forth in this Section 2.2 intended to ensure that such exchanges comply with Rule 144A, Regulation S
or another applicable exemption from registration under the Securities Act, as the case may be) and such other procedures as may from time to time be adopted by the Company. 

When Certificated Notes are presented to the Registrar or a co-Registrar with a request: 

(x) to register the transfer of such Certificated Notes; or 

  
 Appendix-5 

 (y) to exchange such Certificated Notes for an equal principal amount of
Certificated Notes of other authorized denominations, 
 the Registrar or co-Registrar shall
register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met and if the requirements for such registration of transfer or exchange set forth in this Appendix A and Section 2.06 of the
Indenture shall have been satisfied; provided, however, that if a Certificated Note surrendered for transfer or exchange bears a Restricted Notes Legend, the Registrar or co-Registrar shall not
register the transfer or exchange of such Certificated Note (including any such transfer or exchange to the Company or a Subsidiary of the Company) unless (A) such transferor shall have delivered to the Registrar or co-Registrar a certificate to the effect set forth in Exhibit D to this Appendix A, appropriately completed and signed by such transferor, (B) in the case of any transfer or exchange pursuant to any
transaction that is exempt from registration under the Securities Act (other than a transfer to the Company or one of its Subsidiaries or a transaction pursuant to Rule 144A or Regulation S), such transferor shall have also delivered to the
Registrar or co-Registrar (i) if such transfer or exchange is being made pursuant to Rule 144, a legal opinion addressed to the Company and the Registrar or
co-Registrar, in form and substance satisfactory to the Company, to the effect that such transfer or exchange is being made in reliance on Rule 144, that the Holder may transfer such Certificated Note without
registration under the Securities Act pursuant to Rule 144 and that, accordingly, the Restricted Note Legend on such Certificated Note may be removed or (ii) if such transfer or exchange is not being made pursuant to Rule 144, a legal opinion
addressed to the Company and the Registrar or co-Registrar, in form and substance satisfactory to the Company, to the effect that such transfer or exchange may be effected without registration under the
Securities Act and (C) such transferor shall have also delivered to the Company and the Registrar or co-Registrar, as the case may be, any additional certifications, legal opinions and other information
as may be required by the Company to determine that the proposed transfer or exchange is being made in compliance with the Securities Act and applicable state or other securities laws. In the case of any such proposed transfer or exchange that
requires the delivery of a legal opinion as provided for above, the Registrar or co-Registrar shall notify the Company of such proposed transfer or exchange in order to provide the Company with an opportunity
to review such legal opinion and request such additional certifications, legal opinions and other information the Company may require. 
 (c)
Transfer and Exchange of Global Notes. (i) The transfer and exchange of beneficial interests in Global Notes shall be effected through the Depositary, in accordance with the Indenture and the Note (including this Appendix A) and the
procedures of the Depositary and, if applicable, Clearstream and Euroclear. In the case of any exchange of a beneficial interest in a Rule 144A Global Note for a beneficial interest in a Regulation S Global Note, and any transfer of a beneficial
interest in a Rule 144A Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Regulation S Global Note, in each case being made prior to expiration of the Distribution Compliance Period with respect to
such Regulation S Global Note, the beneficial interests in such Regulation S Global Note must be held through an account with a participant in either Euroclear or Clearstream, or both, as the case may be. 

  
 Appendix-6 

 (i) Subject to compliance with the other applicable requirements of this
Section 2.2(c), if the proposed transfer is a transfer of a beneficial interest in one Global Note to a beneficial interest in another Global Note, (A) the Registrar shall reflect on its books and records the date and an increase in the
principal amount of the Global Note to which such interest is being transferred in an amount equal to the principal amount of the interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding
decrease in the principal amount of the Global Note from which such interest is being transferred; and (B) the Registrar shall instruct the Note Custodian to increase or reflect on its records an increase in the principal amount of the Global
Note to which such interest is being transferred (and to record such increase by endorsement on the Schedule attached to such Global Note) in an amount equal to the principal amount of the interest to be so transferred, and the Registrar shall
instruct the Note Custodian, concurrently with such increase, to decrease or reflect on its records a decrease in the principal amount of the Global Note from which such interest is being transferred by a corresponding amount (and to record
such decrease by endorsement on the Schedule attached to such Global Note). 
 (ii) If the proposed transfer is an exchange
of a beneficial interest in a Rule 144A Global Note for a beneficial interest in a Regulation S Global Note or the transfer of a beneficial interest in a Rule 144A Global Note to a Person who wishes to take delivery thereof in the form of a
beneficial interest in a Regulation S Global Note, the transferor of such beneficial interest shall deliver to the Registrar prior to any such exchange or transfer (A) a certificate substantially in the form of Exhibit A to this Appendix
A if such exchange or transfer is to occur prior to the expiration of the Distribution Compliance Period with respect to such Regulation S Global Note or (B) a certificate substantially in the form of Exhibit B to this Appendix A if
such exchange or transfer is to occur after the expiration of such Distribution Compliance Period, in each case appropriately completed and signed by the transferor. 

(iii) If the proposed transfer is an exchange of a beneficial interest in a Regulation S Global Note for a beneficial interest
in a Rule 144A Global Note or the transfer of a beneficial interest in a Regulation S Global Note to a Person who wishes to take delivery thereof in the form of a beneficial interest in a Rule 144A Global Note and such exchange or transfer is to
occur prior to the expiration of the Distribution Compliance Period with respect to such Regulation S Global Note, the transferor of such beneficial interest shall deliver to the Registrar prior to any such exchange or transfer a certificate
substantially in the form of Exhibit C to this Appendix A, appropriately completed and signed by such transferor. 

(iv) Any beneficial interest in one of the Global Notes that is transferred to a Person who takes delivery in the form of an
interest in another Global Note will, upon transfer, cease to be an interest in such original Global Note and will become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer restrictions and other
procedures applicable to beneficial interests in such other Global Note for so long as it remains such an interest. 
 (v)
Notwithstanding any other provisions of this Appendix A, a Global Note may not be transferred except as provided in the fourth paragraph of Section 2.06 of the Indenture. 

  
 Appendix-7 

 (d) Legend. 

(i) Each Global Note shall bear the following or a similar legend (or, if DTC is not the Depositary for such Global Note, any
other legend that may be required by whosoever shall be the Depositary) (the “Global Notes Legend”) on the face thereof: 

“Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of
DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein.” 
 (ii) Each Rule 144 Global Note and any
Certificated Notes issued in exchange for interests in a Rule 144A Global Note shall bear the following legend or a legend to substantially the following effect (the “Rule 144A Legend”) on the face thereof unless such legend is
removed in accordance with the Indenture (including, without limitation, this Appendix A): 
 “THIS NOTE HAS NOT BEEN REGISTERED FOR
OFFER OR SALE UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY OTHER JURISDICTION. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY OTHER APPLICABLE JURISDICTION. BY ITS ACCEPTANCE HEREOF,
THE HOLDER (1) REPRESENTS THAT IT AND ANY INVESTOR ACCOUNT FOR WHICH IT IS ACQUIRING THIS NOTE OR ANY INTEREST OR PARTICIPATION HEREIN IS A “QUALIFIED INSTITUTIONAL BUYER” (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”) (A “QUALIFIED INSTITUTIONAL BUYER”)) TO WHOM NOTICE HAS BEEN GIVEN THAT SUCH TRANSFER IS BEING MADE PURSUANT TO RULE 144A, (2) AGREES NOT TO OFFER, SELL, ASSIGN, TRANSFER, PLEDGE OR OTHERWISE DISPOSE OF THIS NOTE OR ANY
INTEREST OR PARTICIPATION HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAW OF ANY STATE OF THE UNITED STATES AND ONLY (A) TO THE COMPANY OR ANY OF THE COMPANY’S SUBSIDIARIES, (B) PURSUANT TO A
REGISTRATION STATEMENT WHICH IS EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A, TO A PERSON IT REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER ACQUIRING THIS NOTE OR SUCH
INTEREST OR PARTICIPATION FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER QUALIFIED INSTITUTIONAL BUYER AND TO 

  
 Appendix-8 

 
WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (D) TO A
NON-U.S. PERSON IN AN OFFSHORE TRANSACTION WITHIN THE MEANING OF, AND IN COMPLIANCE WITH, REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO, IN EACH OF THE FOREGOING CASES, ANY REQUIREMENT OF LAW THAT THE DISPOSITION OF THIS NOTE OR SUCH INTEREST OR PARTICIPATION BE AT ALL TIMES WITHIN ITS OR THEIR CONTROL, AND TO COMPLIANCE WITH THE
SECURITIES LAWS OF ANY OTHER APPLICABLE JURISDICTION AND WITH THE PROCEDURES SPECIFIED IN THE INDENTURE REFERRED TO BELOW, INCLUDING THE DELIVERY OF ANY CERTIFICATE, OPINION OF COUNSEL OR OTHER INFORMATION THAT MAY BE REQUIRED BY THE INDENTURE OR
THE COMPANY. THIS LEGEND MAY ONLY BE REMOVED AT THE INSTRUCTION OF THE COMPANY TO THE TRUSTEE. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT.” 

(iii) Each Regulation S Global Note and any Certificated Note issued in exchange for interests in a Regulation S Global Note
during the applicable Distribution Compliance Period shall bear the following legend or a legend to substantially the following effect (the “Regulation S Legend”) on the face thereof unless such legend is removed in accordance with
the Indenture (including, without limitation, this Appendix A): 
 “THIS NOTE HAS NOT BEEN REGISTERED FOR OFFER OR SALE UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY OTHER JURISDICTION. NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE
DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY OTHER APPLICABLE JURISDICTION. PRIOR TO THE EXPIRATION OF THE 40-DAY “DISTRIBUTION COMPLIANCE PERIOD” (AS DEFINED IN REGULATION S (“REGULATION S”) UNDER THE SECURITIES ACT), THIS NOTE OR ANY INTEREST OR PARTICIPATION HEREIN (1) MAY NOT BE OFFERED,
SOLD, ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF WITHIN THE UNITED STATES (WITHIN THE MEANING OF REGULATION S) OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, A U.S. PERSON (WITHIN THE MEANING OF REGULATION S), EXCEPT TO A PERSON REASONABLY
BELIEVED TO BE A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) ACQUIRING THIS NOTE OR SUCH INTEREST OR PARTICIPATION FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER SUCH QUALIFIED INSTITUTIONAL BUYER TO WHOM
NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON SUCH RULE 

  
 Appendix-9 

 
144A IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT AND (2) EXCEPT AS PROVIDED IN CLAUSE (1) ABOVE, MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED OR DISPOSED OF EXCEPT TO A NON-U.S. PERSON IN AN OFFSHORE TRANSACTION WITHIN THE MEANING OF, AND IN COMPLIANCE WITH, REGULATION S, AND IN EACH CASE SUCH OFFER, SALE, ASSIGNMENT, TRANSFER, PLEDGE OR
DISPOSITION MUST COMPLY WITH THE SECURITIES LAWS OF ANY OTHER APPLICABLE JURISDICTION AND WITH THE PROCEDURES SPECIFIED IN THE INDENTURE REFERRED TO BELOW, INCLUDING THE DELIVERY OF ANY CERTIFICATE, OPINION OF COUNSEL OR OTHER INFORMATION THAT MAY
BE REQUIRED BY THE INDENTURE OR THE COMPANY. THIS LEGEND MAY ONLY BE REMOVED AT THE INSTRUCTION OF THE COMPANY TO THE TRUSTEE. 
 BY ITS
ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES
ACT.” 
 (iv) Except as permitted by this Section 2.2, in addition to bearing the applicable legend set forth in
clause (ii) or (iii) above, each Certificated Note will bear the following legend or a legend to substantially the following effect (the “Certificated Note Restricted Legend”) on the face thereof unless such legend is removed
in accordance with the Indenture (including, without limitation, this Appendix A): 
 “IN CONNECTION WITH ANY TRANSFER OR EXCHANGE OF
THIS NOTE, THE HOLDER WILL DELIVER TO THE REGISTRAR SUCH CERTIFICATIONS, LEGAL OPINIONS AND OTHER INFORMATION AS THE INDENTURE REFERRED TO BELOW OR THE COMPANY MAY REQUIRE TO CONFIRM THAT THE TRANSFER OR EXCHANGE COMPLIES WITH THE SECURITIES ACT AND
APPLICABLE STATE OR OTHER SECURITIES LAWS.” 
 (v) Upon any sale or transfer of a Transfer Restricted Note (including
any Transfer Restricted Note represented by a Restricted Global Note) pursuant to Rule 144 under the Securities Act: 
 (A) in the case of
any Transfer Restricted Note that is a Certificated Note, the Registrar shall permit the Holder thereof to transfer such Transfer Restricted Note to a Person who takes delivery thereof in the form of a Certificated Note that does not bear a
Restricted Notes Legend; and 
 (B) in the case of any Transfer Restricted Note that is represented by a Restricted Global Note, the
Registrar shall permit the owner of a beneficial interest therein to transfer such Transfer Restricted Note to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Note, 

  
 Appendix-10 

 in either case, if the Holder of such Note or the owner of such beneficial interest, as the case
may be, complies with the requirements of the second paragraph of Section 2.2(b) of this Appendix A (assuming for that purpose, in the case of the transfer of a beneficial interest in a Restricted Global Note, that such Restricted Global
Note were a Certificated Note that bears a Restricted Notes Legend and that such second paragraph applies to a transfer of such beneficial interest, mutatis mutandis), including, without limitation, the delivery of a legal opinion to the effect
specified in such paragraph for a transfer pursuant to Rule 144 and a certificate to the effect set forth in Exhibit D to this Appendix A, appropriately completed and signed by the transferor. 

(vi) After a transfer of any Transfer Restricted Notes, pursuant to an effective Shelf Registration Statement with respect to
such Transfer Restricted Notes, all requirements pertaining to Restricted Notes Legend on such Notes will cease to apply and the Company shall execute and, upon receipt of a written order of the Company in the form of an Officers’ Certificate,
the Trustee shall authenticate and make available to or upon the order of the Holders thereof: (A) if such Transfer Restricted Notes are then represented by one or more Global Notes, one or more Unrestricted Global Notes equal to the aggregate
principal amounts of such Transfer Restricted Notes (provided that, if at the time there is an outstanding Unrestricted Global Note, then, in lieu of authenticating and delivering a new Unrestricted Global Note, the interests in such Transfer
Restricted Notes may instead be transferred to Persons who take delivery thereof in the form of interests in such existing Unrestricted Global Notes) or (B) if such Transfer Restricted Notes are then represented by Certificated Notes,
Certificated Notes that do not bear a Restricted Notes Legend, in each case equal to the aggregate principal amount of such Transfer Restricted Notes. Concurrently with the issuance of such Notes, the Registrar shall cause the aggregate principal
amount of the applicable Restricted Global Notes to be reduced accordingly and shall instruct the Note Custodian to decrease or reflect on its records a decrease in the principal amount of such Restricted Global Note (and to record such
decrease by endorsement on the Schedule attached to such Restricted Global Note) in a principal amount equal to the principal amount of such Transfer Restricted Notes so transferred, and shall either cause the aggregate principal amount of the
applicable Unrestricted Global Note to be increased accordingly and shall instruct the Note Custodian to increase or reflect on its records an increase in the principal amount of such Unrestricted Global Notes (and to record such increase by
endorsement on the Schedule attached to such Unrestricted Global Note) or shall mail or otherwise deliver the Certificated Notes that do not bear a Restricted Notes Legend to the transferees of the Notes so transferred or any Persons designated by
such transferees, as the case may be. In connection with any such transfer of Transfer Restricted Notes, the transferor shall deliver to the Registrar or co-Registrar a certificate in the form of Exhibit
D to this Appendix A, appropriately completed and signed by such transferor, to the effect that such transfer is being made pursuant to an effective registration statement under the Securities Act, unless the Company waives the delivery of such
certificate. 
 (vii) Upon the consummation of an Exchange Offer with respect to any Transfer Restricted Notes pursuant to
which Holders of such Transfer Restricted Notes receive Exchange Notes pursuant to an effective registration statement under the Securities Act in exchange for their Transfer Restricted Notes, the Company shall execute and, upon receipt of an order
from the Company in the form of an Officers’ 

  
 Appendix-11 

 
Certificate, the Trustee shall authenticate and make available to or upon the order of the Holders thereof whose Initial Notes or Additional Notes have been accepted for exchange by the Company
in such Exchange Offer: (A) if such Transfer Restricted Notes are then represented by one or more Global Notes, Exchange Notes represented by one or more Unrestricted Global Notes equal to the aggregate principal amount of such Transfer
Restricted Notes that are accepted for exchange by the Company in the Exchange Offer (provided that, if at the time there is an outstanding Unrestricted Global Note, then, in lieu of authenticating and delivering a new Unrestricted Global Note, the
interests in such Transfer Restricted Notes may instead be transferred to Persons who take delivery thereof in the form of interests in such existing Unrestricted Global Notes) or (B) if such Transfer Restricted Notes are then represented by
Certificated Notes, Exchange Notes represented by Certificated Notes that do not bear a Restricted Notes Legend, in each case equal to the aggregate principal amounts of such Transfer Restricted Notes that are accepted for exchange by the Company in
the Exchange Offer. Concurrently with the issuance of such Notes, the Registrar shall, if applicable, cause the aggregate principal amount of the applicable Restricted Global Notes to be reduced accordingly and shall instruct the Note Custodian
to decrease or reflect on its records a decrease in the principal amount of such Restricted Global Note (and to record such decrease by endorsement on the Schedule attached to such Restricted Global Note) in a principal amount equal to the principal
amount of the Transfer Restricted Notes being exchanged and shall either cause the aggregate principal amount of the applicable Unrestricted Global Note to be increased by a like principal amount and shall instruct the Note Custodian to increase or
reflect on its records a like increase in the principal amount of such Unrestricted Global Notes (and to record such increase by endorsement on the Schedule attached to such Unrestricted Global Note) or shall mail or otherwise deliver a like
principal amount of Certificated Notes that do not bear a Restricted Notes Legend to the Holders of the Notes so exchanged or any Persons designated by such Holders pursuant to such Exchange Offer, as the case may be. Any Exchange Notes so issued
shall be registered in the names of the Holders of the Notes exchanged therefor or in the names of the Persons designated by such Holders in accordance with the terms of such Exchange Offer. 

(viii) Registered Additional Notes shall not be required to bear a Restricted Notes Legend. 

(e) Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either been exchanged for
Certificated Notes or transferred in exchange for interests in an Unrestricted Global Note, or all of the outstanding Notes shall have been redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for
cancellation as provided in Section 2.10 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Certificated Notes, transferred in exchange for an interest in another Global Note
or redeemed, repurchased or canceled or if a beneficial interest in another Global Note is transferred in exchange for an interest in such Global Note or if Additional Notes or Exchange Notes are issued and are to be evidenced by such Global Note,
then in each case, the Registrar shall cause the aggregate principal amount of the applicable Global Note or Global Notes to be reduced or increased, as applicable, and shall instruct the Note Custodian to decrease or increase, or reflect on its
records a decrease or increase, as the case may be, in the principal amount of such Global Note or Global Notes (and to record such decrease or increase, as the case may be, by endorsement on the Schedule attached to each such Global Note in the
applicable principal amount). 

  
 Appendix-12 

 Exhibit A 

FORM OF TRANSFER CERTIFICATE FOR TRANSFER OR EXCHANGE FROM RULE 144A GLOBAL NOTE TO REGULATION S GLOBAL NOTE PRIOR TO THE EXPIRATION OF THE
DISTRIBUTION COMPLIANCE PERIOD 
 The Bank of New York Mellon Trust Company, N.A. 

2 North LaSalle Street, 7th Floor 
 Chicago, Illinois 60602 

Attn: Corporate Trust Administration 
 Re: Becton,
Dickinson and Company 
 4.400% Notes due January 15, 2021 (the “Notes”) 

Reference is hereby made to the Indenture, dated as of March 1, 1997, between Becton, Dickinson and Company (the
“Company”) and The Bank of New York Mellon Trust Company, N.A., as successor to JP Morgan Chase Bank (formerly known as The Chase Manhattan Bank), as trustee (the “Trustee”) (as amended or supplemented from time to
time, the “Indenture”). Capitalized terms not defined in this Certificate shall have the meanings given to them in the Indenture. 

This Certificate relates to $[ ] aggregate principal amount of Notes represented by a beneficial interest in a Rule 144A Global Note
(CUSIP No. 075887 BZ1 / ISIN No. US075887BZ16) held through DTC by or on behalf of [TRANSFEROR], as beneficial owner (the “Transferor”). The Transferor has requested an exchange or transfer of the foregoing principal
amount of its beneficial interest for an interest in the Regulation S Global Note (CUSIP No. U0740R AC6 / ISIN No. USU0740RAC61) to be held by [Euroclear] [Clearstream] through DTC. 

In connection with such request and in respect of such Notes, the Transferor hereby certifies that such exchange or transfer is being effected
in accordance with the transfer restrictions set forth in the Notes and the Indenture and pursuant to and in accordance with Rule 903 or Rule 904 (as applicable) of Regulation S (“Regulation S”) under the Securities Act of
1933, as amended (the “Securities Act”), and accordingly the Transferor hereby represents, covenants or agrees as follows: 

(1) the offer of such Notes was not made to a Person in the United States (as defined in Regulation S); 

(2) either: (A) at the time the buy order was originated, the transferee was outside the United States or the Transferor and any Person
acting on its behalf reasonably believed that the transferee was outside the United States, or (B) the transaction was executed in, on or through (i) a physical trading floor of an established foreign securities exchange that is located
outside the United States in the case of an exchange or transfer pursuant to Rule 903 of Regulation S or (ii) the facilities of a designated offshore securities market (as defined in Regulation S) in the case of an exchange or transfer pursuant
to Rule 904 of Regulation S and neither the Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, and in each of the foregoing cases such transfer or exchange is otherwise being
made in an offshore transaction within the meaning of, and in compliance with, Regulation S; 

  
 Exhibit A-1 

 (3) no directed selling efforts (as defined in Regulation S) have been or will be made in
contravention of the requirements of Rule 903(a) or 904(a) of Regulation S, as applicable; 
 (4) if the Transferor is a dealer in
securities or has received a selling concession, fee or other remuneration in respect of the Notes covered by this Certificate, then the requirements of Rule 904(b)(1) of Regulation S have been satisfied; 

(5) the transfer or exchange, as applicable, is not being made to a U.S. Person or for the account or benefit of a U.S. Person; 

(6) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and 

(7) upon completion of the transfer or exchange, as applicable, the beneficial interest being exchanged or transferred as described above will
be held with DTC through Euroclear or Clearstream or both. 
 This Certificate and the statements contained herein are made for your benefit
and the benefit of the Company. 
  

			
	[TRANSFEROR]
		
	By:	 	  

		 	Name:
		 	Title:
		
	Dated:	 	  

  
 Exhibit A-2 

 Exhibit B 

FORM OF TRANSFER CERTIFICATE FOR THE TRANSFER OR EXCHANGE FROM RULE 144A GLOBAL NOTE TO REGULATION S GLOBAL NOTE AFTER THE EXPIRATION OF THE
DISTRIBUTION COMPLIANCE PERIOD 
 The Bank of New York Mellon Trust Company, N.A. 

2 North LaSalle Street, 7th Floor 
 Chicago, Illinois 60602 

Attn: Corporate Trust Administration 
 Re: Becton,
Dickinson and Company 
 4.400% Notes due January 15, 2021 (the “Notes”) 

Reference is hereby made to the Indenture, dated as of March 1, 1997, between Becton, Dickinson and Company (the
“Company”) and The Bank of New York Mellon Trust Company, N.A., as successor to JP Morgan Chase Bank (formerly known as The Chase Manhattan Bank), as trustee (the “Trustee”) (as amended or supplemented from time to
time, the “Indenture”). Capitalized terms not defined in this Certificate shall have the meanings given to them in the Indenture. 

This Certificate relates to $[     ] aggregate principal amount of Notes represented by a beneficial interest in a
Rule 144A Global Note (CUSIP No. 075887 BZ1 / ISIN No. US075887BZ16) held through DTC by or on behalf of [TRANSFEROR], as beneficial owner (the “Transferor”). The Transferor has requested an exchange or transfer of
the foregoing principal amount of its beneficial interest for an interest in the Regulation S Global Note (CUSIP No. U0740R AC6 / ISIN No. USU0740RAC61) to be held by [Euroclear] [Clearstream] through DTC. 

In connection with such request and in respect of such Notes, the Transferor hereby certifies that such exchange or transfer is being effected
in accordance with the transfer restrictions set forth in the Notes and the Indenture and pursuant to and in accordance with either (1) Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), or (2) Rule 144 under the Securities Act, and accordingly the Transferor hereby represents, covenants or agrees as follows: 

(1) with respect to transfers and exchanges made in reliance on Regulation S (including any such transfers and exchanges made after the U.S.
Resale Restriction Termination Date): 
 (A) the offer of such Notes was not made to a Person in the United States (as
defined in Regulation S); 
 (B) either: (a) at the time the buy order was originated, the transferee was outside the
United States or the Transferor and any Person acting on its behalf reasonably believed that the transferee was outside the United States, or (b) the transaction was executed in, on or through (i) a physical trading floor of an established
foreign securities 

  
 Exhibit B-1 

 
exchange that is located outside the United States in the case of an exchange or transfer pursuant to Rule 903 of Regulation S or (ii) the facilities of a designated offshore securities
market (as defined in Regulation S) in the case of an exchange or transfer pursuant to Rule 904 of Regulation S and neither the Transferor nor any Person acting on its behalf knows that the transaction was
pre-arranged with a buyer in the United States, and in each of the foregoing cases such transfer or exchange is otherwise being made in an offshore transaction within the meaning of, and in compliance with,
Regulation S; 
 (C) no directed selling efforts (as defined in Regulation S) have been or will be made in contravention of
the requirements of Rule 903(a) or 904(a) of Regulation S, as applicable; and 
 (D) the transaction is not part of
a plan or scheme to evade the registration requirements of the Securities Act; or 
 (2) with respect to transfers and exchanges made after
the U.S. Resale Restriction Termination Date: such Notes are being transferred in a transaction permitted by, and in compliance with, Rule 144 under the Securities Act and the Transferor is contemporaneously delivering the legal opinion
required pursuant to Sections 2.2(b) and 2.2(d)(v) of Appendix A to the Notes in connection with such transfer or exchange, as applicable. 

This Certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

 

			
	[TRANSFEROR]
		
	By:	 	  

		 	Name:
		 	Title:
		
	Dated:	 	  

  
 Exhibit B-2 

 Exhibit C 

FORM OF TRANSFER CERTIFICATE 
 FOR
TRANSFER OR EXCHANGE FROM REGULATION S GLOBAL NOTE 
 TO RULE 144A GLOBAL NOTE PRIOR TO THE 

EXPIRATION OF THE DISTRIBUTION COMPLIANCE PERIOD 

The Bank of New York Mellon Trust Company, N.A. 
 2 North LaSalle
Street, 7th Floor 
 Chicago, Illinois 60602 
 Attn: Corporate
Trust Administration 
 Re: Becton, Dickinson and Company 

4.400% Notes due January 15, 2021 (the “Notes”) 

Reference is hereby made to the Indenture, dated as of March 1, 1997, between Becton, Dickinson and Company (the
“Company”) and The Bank of New York Mellon Trust Company, N.A., as successor to JP Morgan Chase Bank (formerly known as The Chase Manhattan Bank), as trustee (the “Trustee”) (as amended or supplemented from time to
time, the “Indenture”). Capitalized terms not defined in this Certificate shall have the meanings given to them in the Indenture. 

This Certificate relates to $[        ] aggregate principal amount of Notes represented by a
beneficial interest in a Regulation S Global Note (CUSIP No. U0740R AC6 / ISIN No. USU0740RAC61) held through DTC by or on behalf of [TRANSFEROR], as beneficial owner (the “Transferor”). The Transferor has requested an
exchange or transfer of the foregoing principal amount of its beneficial interest for an interest in the Rule 144A Global Note (CUSIP No. 075887 BZ1 / ISIN No. US075887BZ16) to be held by through DTC. 

In connection with such request, and in respect of such Notes, the Transferor hereby certifies that such transfer or exchange, as applicable,
is being effected in accordance with the transfer restrictions set forth in the Notes and the Indenture and pursuant to and in accordance with Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the
“Securities Act”), to a transferee that the Transferor reasonably believes is acquiring such Notes for its own account or an account with respect to which the transferee exercises sole investment discretion and the transferee and
any such account is a “qualified institutional buyer” within the meaning of Rule 144A to whom notice has been given that such transfer or exchange, as applicable, is being made pursuant to Rule 144A, in each case in a transaction
meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction. The Transferor does further certify that it has notified the transferee that it has
relied on Rule 144A as a basis for the exemption from the registration requirements of the Securities Act used in connection with the transfer or exchange, as applicable. 

This Certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

  
 Exhibit C-1 

 
			
	[TRANSFEROR]
		
	By:	 	  

		 	Name:
		 	Title:
		
	Dated:	 	  

  
 Exhibit C-2 

 Exhibit D 

FORM OF TRANSFER CERTIFICATE FOR OTHER TRANSFERS AND EXCHANGES 

The Bank of New York Mellon Trust Company, N.A. 
 2 North LaSalle
Street, 7th Floor 
 Chicago, Illinois 60602 
 Attn: Corporate
Trust Administration 
 Re: Becton, Dickinson and Company 

4.400% Notes due January 15, 2021 (the “Notes”) 

Reference is hereby made to the Indenture, dated as of March 1, 1997, between Becton, Dickinson and Company (the
“Company”) and The Bank of New York Mellon Trust Company, N.A., as successor to JP Morgan Chase Bank (formerly known as The Chase Manhattan Bank), as trustee (the “Trustee”) (as amended or supplemented from time to
time, the “Indenture”). Capitalized terms not defined in this Certificate shall have the meanings given to them in the Indenture. 

This Certificate relates to $[         ] aggregate principal amount of Notes represented by [a
Certificated Note, with serial no.                 [ ], held by[TRANSFEROR] (the “Transferor”)][a beneficial interest in a Rule 144A Global Note
(CUSIP No. 075887 BZ1 / ISIN No. US075887BZ16) held through DTC by or on behalf of [TRANSFEROR], as beneficial owner (the “Transferor”)][a beneficial interest in a Regulation S Global Note (CUSIP No. U0740R AC6 / ISIN No.
USU0740RAC61) held through DTC by or on behalf of [TRANSFEROR], as beneficial owner (the “Transferor”)]. The Transferor has requested a transfer or an exchange of the foregoing principal amount of [such Note to [TRANSFEREE][its
beneficial interest for an interest in an Unrestricted Global Note (CUSIP No. 075887 CA5 / ISIN No. US075887CA55) to be held through DTC]. 

In connection with such request and in respect of such Notes, the Transferor does hereby certify that such exchange or transfer is being
effected in accordance with the transfer restrictions set forth in the Indenture and the Notes (including Appendix A thereto), and accordingly the Transferor does hereby represents, covenants or agrees as follows: 

ARTICLE 1CHECK ONE BOX BELOW 
  

					
	 (1)
	  	☐	  	such Notes are being transferred to the Company or a Subsidiary of the Company; or
			
	 (2)
	  	☐	  	such Notes are being transferred pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”); or
			
	 (3)
	  	☐	  	such Notes are being transferred or exchanged, as applicable, pursuant to and in accordance with Rule 144A (“Rule 144A”) under the Securities Act, to a transferee that the Transferor reasonably believes is
acquiring such Notes for its own account or an account with respect to which the

  
 Exhibit D-1 

					
		  		  	transferee exercises sole investment discretion and the transferee and any such account is a “qualified institutional buyer” within the meaning of Rule 144A to whom notice has been given that such transfer is being
made pursuant to Rule 144A, in each case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction. The Transferor does further
certify that it has notified the transferee that it has relied on Rule 144A as a basis for the exemption from the registration requirements of the Securities Act used in connection with the transfer; or
			
	 (4)
	  	☐	  	[Regulation S Transfers prior to the expiration of the Distribution Compliance Period] such Notes are being transferred or exchanged, as applicable, pursuant to and in accordance with Rule 903 or Rule 904 (as
applicable) of Regulation S (“Regulation S”) under the Securities Act, and (i) the offer of such Notes was not made to a Person in the United States (as defined in Regulation S); (ii) either: (A) at the time the buy order
was originated, the transferee was outside the United States or the Transferor and any Person acting on its behalf reasonably believed that the transferee was outside the United States, or (B) the transaction was executed in, on or through
(x) a physical trading floor of an established foreign securities exchange that is located outside the United States in the case of an exchange or transfer pursuant to Rule 903 of Regulation S or (y) the facilities of a designated offshore
securities market (as defined in Regulation S) in the case of an exchange or transfer pursuant to Rule 904 of Regulation S and neither the Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the
United States, and in each of the foregoing cases such transfer or exchange is otherwise being made in an offshore transaction within the meaning of, and in compliance with, Regulation S; (iii) no directed selling efforts (as defined in
Regulation S) have been made in contravention of the requirements of Rule 903(a) or 904(a) of Regulation S, as applicable; (iv) if the Transferor is a dealer in securities or has received a selling concession, fee or other
remuneration in respect of the Notes covered by this Certificate, then the requirements of Rule 904(b)(1) of Regulation S have been satisfied; (v) the transfer or exchange, as applicable, is not being made to a U.S. Person or for the
account or benefit of a U.S. Person; (vi) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (vii) if such Notes are being transferred or exchanged, as applicable, for interests
in a Regulation S Global Note, upon completion of the transfer or exchange, the beneficial interest being exchanged or transferred as described above will be held with DTC through Euroclear or Clearstream or both;
or

  
 Exhibit D-2 

					
			
	 (5)
	  	☐	  	[Regulation S Transfers after the expiration of the Distribution Compliance Period] such Notes are being transferred or exchanged, as applicable, pursuant to and in accordance with Regulation S, and (i) the offer of
such Notes was not made to a Person in the United States (as defined in Regulation S); (ii) either: (A) at the time the buy order was originated, the transferee was outside the United States or the Transferor and any Person acting on its
behalf reasonably believed that the transferee was outside the United States, or (B) the transaction was executed in, on or through (x) a physical trading floor of an established foreign securities exchange that is located outside the
United States in the case of an exchange or transfer pursuant to Rule 903 of Regulation S or (y) the facilities of a designated offshore securities market (as defined in Regulation S) in the case of an exchange or transfer pursuant to Rule 904
of Regulation S and neither the Transferor nor any Person acting on its behalf knows that the transaction was pre-arranged with a buyer in the United States, and in each of the foregoing cases such transfer or
exchange is otherwise being made in an offshore transaction within the meaning of, and in compliance with, Regulation S; (iii) no directed selling efforts (as defined in Regulation S) have been made in contravention of the requirements of
Rule 903(a) or 904(a) of Regulation S, as applicable; and (iv) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; or
			
	 (6)
	  	☐	  	such Notes are being transferred or exchanged, as applicable, pursuant to Rule 144 under the Securities Act of 1933 or another available exemption from registration under the Securities Act of 1933 and the Transferor is
contemporaneously delivering the legal opinion required pursuant to Section 2.2(b) and/or Section 2.2(d)(v) of Appendix A to the Notes in connection with such transfer.

 Unless one of the boxes is checked, the Registrar or co-Registrar will
refuse to register any of the Notes evidenced by this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (6) is checked, the Transferor shall be required to deliver to
the Registrar or co-Registrar the legal opinion referred to in Section 2.2(b) of Appendix A to the Notes; and provided, further, that in any such case the Transferor may be required to deliver such
additional certifications, legal opinions and other information as may be required by the Company to determine that the proposed transfer or exchange is being made in compliance with the Securities Act and applicable state or other securities laws.

 This Certificate and the statements contained herein are made for your benefit and the benefit of the Company. 

 

			
	[TRANSFEROR]
		
	By:	 	  

		 	Name:
		 	Title:
		
	Dated:	 	  

  
 Exhibit D-3

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