Document:

EX-10.19

 Exhibit 10.19 

FORM OF AMENDMENT NO. 2 TO 

LIMITED PARTNERSHIP AGREEMENT 

This Amendment No. 2 to the Limited Partnership Agreement (this “Amendment”) of InPoint REIT Operating Partnership,
LP (the “Partnership”), dated as of [                ], 2021, is between InPoint Commercial Real Estate Income, Inc. (the “General
Partner”) and InPoint REIT Holdings, LLC (the “Limited Partner”). This Amendment amends the Limited Partnership Agreement of the Partnership dated October 7, 2016 between the General Partner and the Limited Partner, as
amended by Amendment No. 1 thereto dated January 30, 2017 (the “Partnership Agreement”). 
 W I T N E S S E T H

 WHEREAS, pursuant to Article 11 of the Partnership Agreement, the General Partner has the exclusive power, without the prior consent
of the Limited Partners, to amend the Partnership Agreement to issue additional Partnership Interests in one or more classes, or one or more series of any of such classes, on such terms and conditions as shall be established by the General Partner
in its sole and absolute discretion, without the approval of any Limited Partners, in accordance with Section 4.2 of the Partnership Agreement; and 

WHEREAS, the General Partner has determined that it is necessary and desirable to amend the Partnership Agreement to establish and set forth
the terms of a new series of Partnership Interests designated as “Series A Preferred Units,” and make certain related amendments. 

NOW, THEREFORE, the Partnership Agreement is hereby modified and amended as follows: 

1. Amendments to the Partnership Agreement. Except as set forth herein, the Partnership Agreement shall remain in full force and effect.

 (a) Capitalized terms used but not defined in this Amendment shall have the meanings ascribed to them in the Partnership Agreement. In
addition, the following defined terms are hereby added to Article 1 of the Partnership Agreement: 
 “Junior
Share” means a share of capital stock of the General Partner now or hereafter authorized or reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are junior in rank to the REIT Shares. 

“Junior Unit” means a fractional share of the Partnership Interests that the General Partner has authorized
pursuant to Section 4.1, 4.2 or 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are junior in rank to the OP Units. 

“New Securities” means (i) any rights, options, warrants or convertible or exchangeable securities having
the right to subscribe for or purchase REIT Shares, Preferred Shares or Junior Shares, except that “New Securities” shall not mean any Preferred Shares, Junior Shares or grants under the Equity Incentive Plans or (ii) any debt issued
by the General Partner that provides any of the rights described in clause (i). 
 “OP Unit” means a
fractional share of the Partnership Interests of all Partners, but does not include any Preferred Unit, Junior Unit or any other Partnership Unit specified in a Partnership Unit Designation as being other than an OP Unit; provided, however, that the
General Partnership Interest and the Limited Partnership Interests shall have the differences in rights and privileges as specified in this Agreement. 

“Partnership Interest” means an ownership interest in the Partnership held by either a Limited Partner or the
General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this
Agreement. A Partnership Interest may be expressed as a number of OP Units, Preferred Units, Junior Units or other Partnership Units. 

 “Partnership Unit” means an OP Unit, a Preferred Unit, a
Junior Unit or any other fractional share of the Partnership Interests that the General Partner has authorized pursuant to Section 4.1, 4.2 or 4.3 hereof. 

“Partnership Unit Designation” has the meaning set forth in Section 4.2(a) hereof. 

“Preferred Share” means a share of capital stock of the General Partner now or hereafter authorized or
reclassified that has dividend rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the REIT Shares. 

“Preferred Unit” means a fractional share of the Partnership Interests that the General Partner has authorized
pursuant to Section 4.1, 4.2 or 4.3 hereof that has distribution rights, or rights upon liquidation, winding up and dissolution, that are superior or prior to the OP Units. 

“REIT Share” means a share of the General Partner’s common stock, par value $0.01 per share. Where
relevant in this Agreement, “REIT Share” includes shares of the General Partner’s common stock, par value $0.001 per share, issued upon conversion of Preferred Shares. 

“Transfer” when used with respect to a Partnership Unit, or all or any portion of a Partnership Interest,
means any sale, assignment, bequest, conveyance, devise, gift (outright or in trust), pledge, encumbrance, hypothecation, mortgage, exchange, transfer or other disposition or act of alienation, whether voluntary or involuntary or by operation of
law. 
 (b) The definition of “Percentage Interest” in Article 1 of the Partnership Agreement is hereby deleted and replaced in its
entirety with the following: 
 “Percentage Interest” means, as to a Partner holding a class or series of
Partnership Interests, its interest in such class or series as determined by dividing the Partnership Units of such class or series owned by such Partner by the total number of Partnership Units of such class then outstanding as specified in
Exhibit A attached hereto, as such Exhibit A may be amended from time to time. If the Partnership issues additional classes or series of Partnership Interests other than as contemplated herein, the interest in the Partnership among the
classes or series of Partnership Interests shall be determined as set forth in the amendment to the Partnership Agreement setting forth the rights and privileges of such additional classes or series of Partnership Interest, if any, as contemplated
by Section 4.2. 
 (c) Article 4 of the Partnership Agreement is hereby deleted and replaced in its entirety with the following: 

4.1 Capital Contributions of the Partners. 

Each Partner has made a Capital Contribution to the Partnership and owns Partnership Units in the amount and designation set
forth for such Partner on Exhibit A, as the same may be amended from time to time by the General Partner to the extent necessary to reflect accurately sales, exchanges, conversions or other Transfers, redemptions, Capital Contributions, the
issuance of additional Partnership Units, or similar events having an effect on a Partner’s ownership of Partnership Units. Except as provided by law or in Section 4.3 hereof, the Partners shall have no obligation or right to make any
additional Capital Contributions or loans to the Partnership. 

  
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 4.2 Issuances of Additional Partnership Interests. 

(a) General. The General Partner may cause the Partnership to issue additional Partnership Interests, in the form
of Partnership Units, for any Partnership purpose, at any time or from time to time, to the Partners (including the General Partner) or to other Persons, and to admit such Persons as Additional Limited Partners, for such consideration and on such
terms and conditions as shall be established by the General Partner in its sole and absolute discretion, all without the approval of any Limited Partners. Without limiting the foregoing, the General Partner is expressly authorized to cause the
Partnership to issue Partnership Units (i) upon the conversion, redemption or exchange of any debt, Partnership Units or other securities issued by the Partnership, (ii) for less than fair market value, so long as the General Partner
concludes in good faith that such issuance is in the best interest of the General Partner’s stockholders and the Partnership and (iii) in connection with any merger of any other Person into the Partnership or any Subsidiary of the
Partnership if the applicable merger agreement provides that Persons are to receive Partnership Units in exchange for their interests in the Person merging into the Partnership or any Subsidiary of the Partnership. Subject to Delaware law, any
additional Partnership Interests may be issued in one or more classes, or one or more series of any of such classes, with such designations, preferences and relative, participating, optional or other special rights, powers and duties as shall be
determined by the General Partner, in its sole and absolute discretion without the approval of any Limited Partner, and set forth in a written document thereafter attached to and made an exhibit to this Agreement (each, a “Partnership Unit
Designation”). Without limiting the generality of the foregoing, the General Partner shall have authority to specify (a) the allocations of items of Partnership income, gain, loss, deduction and credit to each such class or series of
Partnership Interests; (b) the right of each such class or series of Partnership Interests to share in Partnership distributions; (c) the rights of each such class or series of Partnership Interests upon dissolution and liquidation of the
Partnership; (d) the voting rights, if any, of each such class or series of Partnership Interests; and (e) the conversion, redemption or exchange rights applicable to each such class or series of Partnership Interests. Upon the issuance of
any additional Partnership Interest, the General Partner shall amend Exhibit A as appropriate to reflect such issuance. 

(b) Issuances to the General Partner. No additional Partnership Units shall be issued to the General Partner unless
(i) the additional Partnership Units are issued to all Partners in proportion to their respective Percentage Interests with respect to the class of Partnership Units so issued, (ii) (a) the additional Partnership Units are (x) OP
Units issued in connection with an issuance of REIT Shares or (y) Partnership Units (other than OP Units) issued in connection with an issuance of Preferred Shares, Junior Shares, New Securities or other interests in the General Partner (other
than REIT Shares), which Preferred Shares, Junior Shares, New Securities or other interests have designations, preferences and other rights, terms and provisions that are substantially the same as the designations, preferences and other rights,
terms and provisions of the additional Partnership Units issued to the General Partner and (b) the General Partner directly or indirectly contributes or otherwise causes to be transferred to the Partnership the cash proceeds or other
consideration, if any, received in connection with the issuance of such REIT Shares, Preferred Shares, Junior Shares, New Securities or other interests in the General Partner or (iii) the additional Partnership Units are issued upon the
conversion, redemption or exchange of debt, Partnership Units or other securities issued by the Partnership. In the event that the Partnership issues additional Partnership Units pursuant to this Section 4.2(b), the General Partner shall make
such revisions to this Agreement as it determines are necessary to reflect the issuance of such additional Partnership Interests. 

(c) No Preemptive Rights. No Person, including, without limitation, any Partner or assignee, shall have any
preemptive, preferential, participation or similar right or rights to subscribe for or acquire any Partnership Interest. 

4.3. Additional Funds and Capital Contributions. 

(a) General. The General Partner may, at any time and from time to time, determine that the Partnership requires
additional funds (“Additional Funds”) for the acquisition, origination or development of additional Properties, for the redemption of Partnership Units or for such other purposes as the General Partner may determine in its sole and
absolute discretion. Additional Funds may be obtained by the Partnership, at the election of the General Partner, in any manner provided in, and in accordance with, the terms of this Section 4.03 without the approval of any Limited Partners.

  
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 (b) Additional Capital Contributions. The General Partner, on
behalf of the Partnership, may obtain any Additional Funds by accepting Capital Contributions from any Partners or other Persons. In connection with any such Capital Contribution (of cash or property), the General Partner is hereby authorized to
cause the Partnership from time to time to issue additional Partnership Units (as set forth in Section 4.2 above) in consideration therefor and the Percentage Interests of the General Partner and the Limited Partners shall be adjusted to
reflect the issuance of such additional Partnership Units. 
 (c) Issuance of Securities by the General Partner.
The General Partner shall not issue any additional REIT Shares, Preferred Shares, Junior Shares or New Securities unless the General Partner contributes directly or indirectly the cash proceeds or other consideration, if any, received from the
issuance of such additional REIT Shares, Preferred Shares, Junior Shares or New Securities, as the case may be, and from the exercise of the rights contained in any such additional New Securities, to the Partnership in exchange for (x) in the
case of an issuance of REIT Shares, Partnership Units or (y) in the case of an issuance of Preferred Shares, Junior Shares or New Securities, Partnership Units with designations, preferences and other rights, terms and provisions that are
substantially the same as the designations, preferences and other rights, terms and provisions of such Preferred Shares, Junior Shares or New Securities; provided, however, that notwithstanding the foregoing, the General Partner may issue REIT
Shares, Preferred Shares, Junior Shares or New Securities (a) pursuant to a dividend or distribution (including any stock split) wholly or partly of REIT Shares, Preferred Shares, Junior Shares or New Securities to all of the holders of REIT
Shares, Preferred Shares, Junior Shares or New Securities, as the case may be, (b) upon a conversion, redemption or exchange of Preferred Shares, (c) upon a conversion of Junior Shares into REIT Shares, (d) upon a conversion,
redemption, exchange or exercise of New Securities, or (e) pursuant to share grants or awards made pursuant to any Equity Incentive Plan of the General Partner. In the event of any issuance of additional REIT Shares, Preferred Shares, Junior
Shares or New Securities by the General Partner, and the direct or indirect contribution to the Partnership, by the General Partner, of the cash proceeds or other consideration received from such issuance, if any, the Partnership shall pay the
General Partner’s expenses associated with such issuance, including any underwriting discounts or commissions (it being understood that if the proceeds actually received by the General Partner are less than the gross proceeds of such issuance
as a result of any underwriter’s discount or other expenses paid or incurred by the General Partner in connection with such issuance, then the General Partner shall be deemed to have made a Capital Contribution to the Partnership in the amount
of the gross proceeds of such issuance and the Partnership shall be deemed simultaneously to have reimbursed the General Partner pursuant to Section 6.5(b) for the amount of such underwriter’s discount or other expenses). Nothing in this
Agreement shall prohibit the General Partner from issuing Partnership Units for less than fair market value if the General Partner concludes in good faith that such issuance is in the best interest of the Partnership and the General Partner’s
stockholders. 
 4.6. No Interest; No Return. 

No Partner shall be entitled to interest on its Capital Contribution or on such Partner’s capital account. Except as
provided herein or by law, no Partner shall have any right to demand or receive the return of its Capital Contribution from the Partnership. 

  
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 4.8. Not Publicly Traded. 

The General Partner, on behalf of the Partnership, shall use its best efforts not to take any action which would result in the
Partnership being a “publicly traded partnership” under and as such term is defined in Code Section 7704(b), and by reason thereof, taxable as a corporation. 

4.9. No Third-Party Beneficiary. 

No creditor or other third party having dealings with the Partnership shall have the right to enforce the right or obligation
of any Partner to make Capital Contributions or loans or to pursue any other right or remedy hereunder or at law or in equity, it being understood and agreed that the provisions of this Agreement shall be solely for the benefit of, and may be
enforced solely by, the parties hereto and their respective successors and assigns. None of the rights or obligations of the Partners herein set forth to make Capital Contributions or loans to the Partnership shall be deemed an asset of the
Partnership for any purpose by any creditor or other third party, nor may such rights or obligations be sold, transferred or assigned by the Partnership or pledged or encumbered by the Partnership to secure any debt or other obligation of the
Partnership or of any of the Partners. In addition, it is the intent of the parties hereto that no distribution to any Limited Partner shall be deemed a return of money or other property in violation of the Act. However, if any court of competent
jurisdiction holds that, notwithstanding the provisions of this Agreement, any Limited Partner is obligated to return such money or property, such obligation shall be the obligation of such Limited Partner and not of the General Partner. Without
limiting the generality of the foregoing, a deficit capital account of a Partner shall not be deemed to be a liability of such Partner nor an asset or property of the Partnership. 

(d) Article 5 of the Partnership Agreement is hereby deleted and replaced in its entirety with the following: 

5.1 Distributions 

(a) Except for distributions pursuant to Section 5.1(b) or 5.3 of this Agreement in connection with the dissolution
and liquidation of the Partnership, and subject to the terms of any Partnership Unit Designation, the General Partner may cause the Partnership to make distributions at such times and in such amounts as the General Partner shall determine in its
sole and absolute discretion to the Partners who are Partners on the Partnership Record Date with respect to such distribution period: (i) first, with respect to any Partnership Interests that are entitled to any preference in distribution, in
accordance with the rights of such class(es) of Partnership Interests (and, within such class(es), pro rata in proportion to the respective Percentage Interests on such Partnership Record Date) and (ii) second, with respect to any Partnership
Interests that are not entitled to any preference in distribution, in accordance with the rights of such class of Partnership Interests (and, within such class, pro rata in proportion to the respective Percentage Interests on such Partnership Record
Date). At the election of the General Partner, distributions payable with respect to any Partnership Units that were not outstanding during the entire period in respect of which any distribution is made may be prorated based on the portion of the
period that such Partnership Units were outstanding. 
 (b) If the General Partner shall elect to purchase from its
stockholders common stock of the General Partner for any purpose, the Partnership shall distribute to the General Partner in reduction of its Capital Contributions the purchase price paid by the General Partner for such common stock and any other
expenses incurred by the General Partner in connection with such purchase shall be considered expenses of the Partnership and shall be reimbursed to the General Partner. 

(c) In the event that the Partnership issues additional Partnership Interests to the General Partner or any additional
Limited Partner pursuant to Article 4 hereof, the General Partner shall make such revisions to this Article 5 as it deems necessary to reflect the issuance of such additional Partnership Interests. 

  
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 5.2 REIT Distribution Requirements. 

The General Partner shall use its commercially reasonable efforts to cause the Partnership to distribute amounts sufficient to
enable the General Partner to make stockholder distributions that will allow the General Partner to (i) meet its distribution requirement for qualification as a REIT as set forth in Section 857 of the Code and (ii) avoid any federal
income or excise tax liability imposed by the Code. 
 5.3 Distributions Upon Liquidation. 

Upon liquidation of the Partnership, after payment of, or adequate provision for, debts and obligations of the Partnership,
including any Partner loans, any remaining assets of the Partnership shall be distributed in accordance with Section 5.1(a). To the extent deemed advisable by the General Partner, appropriate arrangements (including the use of a liquidating
trust) may be made to assure that adequate funds are available to pay any contingent debts or obligations. 
 (e) Exhibit A to the
Partnership Agreement is hereby amended as set forth in Exhibit A hereto. 
 (f) A new Exhibit B is hereby added as set forth
in Exhibit B hereto. 
 2. Construction. The provisions of this Amendment shall be governed by and construed in
accordance with the laws of the State of Delaware; provided, however, that any cause of action for violation of federal or state securities laws shall not be governed by this Section 3. 

3. Entire Amendment. This Amendment may not be amended or modified except in writing signed by all parties. 

4. Governing Law. The provisions of this Amendment shall be governed by and construed in accordance with the laws of the State of
Delaware; provided, however, that any cause of action for violation of federal or state securities laws shall not be governed by this Section 4. 

5. Counterparts. This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an
original against any party whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Amendment shall become binding when one or more counterparts hereof, individually or taken together, shall bear
the signatures of all of the parties reflected hereon as the signatories. 
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blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 to the
Partnership Agreement as of the date and year first above written. 
  

			
	GENERAL PARTNER:
	
	InPoint Commercial Real Estate Income, Inc.
		
	By:	 	          

	Name:	 	
	Title:	 	
	
	LIMITED PARTNER:
	
	InPoint REIT Holdings, LLC
	
	By: InPoint Commercial Real Estate Income, Inc., its manager
		
	By:	 	          

	Name:	 	
	Title:	 	

 [Signature Page to Amendment No. 2 to Limited Partnership Agreement] 

 EXHIBIT A 

PARTNERS AND PARTNERSHIP UNITS 
  

							
	Partners	  	Address	  	 Partnership Units1

(Type and Amount)
	  	 Capital

Contributions

	 GENERAL PARTNER
	  		  		  	
	 InPoint Commercial Real Estate Income, Inc.
	  	 2901 Butterfield Rd.

Oak Brook, IL 60523
	  	 [    ] OP Units

[    ] Series A Preferred Units
	  	$ [    ]
				
	 LIMITED PARTNER
	  		  		  	
				
	 InPoint REIT Holdings, LLC
	  	 2901 Butterfield Rd.

Oak Brook, IL 60523
	  	[    ] OP Units	  	$ [    ]
				
	 Totals
	  		  		  	$ [    ]

  

	1 	 The sum of the Partnership Units held by the General Partner and the Limited Partner is equal to the number of
REIT Shares outstanding on the date hereof. 

  
 A-1 

 EXHIBIT B 

SERIES A PREFERRED UNITS 

Series A Preferred Units. Pursuant to the authority granted under Section 4.2 of the Limited Partnership Agreement of InPoint REIT
Operating Partnership, LP (the “Partnership Agreement”), the General Partner hereby establishes a series of Preferred Units designated as the [•]% Series A Cumulative Preferred Units (the “Series A Preferred
Units”) on the terms set forth in this Exhibit B. Capitalized terms used herein without definition have the meanings given to them in the Partnership Agreement. 

1. Designation and Number. The number of authorized units of the Series A Preferred Units shall be
[                ] and shall at all times be equal to the number of [•]% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred
Stock”) issued by the General Partner and then outstanding. Series A Preferred Units shall be issued only to and held only by the General Partner. 

2. Rank. The Series A Preferred Units will, with respect to distribution rights and rights upon liquidation, dissolution or winding up
of the Partnership, rank: (a) senior to all classes or series of Partnership Units expressly designated as ranking junior to the Series A Preferred Units as to distribution rights and rights upon liquidation, dissolution or winding up
(collectively, “Junior Units”); (b) on parity with any other class or series of Partnership Units expressly designated as ranking on parity with the Series A Preferred Units as to distribution rights and rights upon liquidation,
dissolution or winding up (collectively, “Parity Units”); and (c) junior to any class or series of Partnership Units expressly designated as ranking senior to the Series A Preferred Units as to distribution rights and rights
upon liquidation, dissolution or winding up. For purposes of the terms of the Series A Preferred Units, the term “Partnership Units” does not include convertible or exchangeable debt securities, including convertible or exchangeable debt
securities that rank senior to the Series A Preferred Units prior to conversion or exchange. The Series A Preferred Units will also rank junior in right of payment to the Partnership’s other existing and future indebtedness. 

3. Distributions. 
 (a)
From and including [•], 2021 to, but excluding, [•], 2026, subject to the preferential rights of holders of any class or series of Partnership Units expressly designated as ranking senior to the Series A Preferred Units as to distribution
rights, the General Partner, as the holder of the Series A Preferred Units, shall be entitled to receive, when, as and if authorized by the General Partner out of assets legally available for the payment of distributions, cumulative cash
distributions at the rate of [•]% per annum of the $25.00 liquidation preference per Series A Preferred Unit (equivalent to a fixed annual amount of $[•] per Series A Preferred Unit) (the “Initial Rate”). 

If a “Change of Control” (as defined in the Articles Supplementary setting forth the terms of the Series A Preferred Stock (the
“Articles Supplementary”)) occurs on or prior to [●], 2022, we will thereafter accrue cumulative cash distributions on each then-outstanding share of Series A Preferred Unit at a rate equal to (a) the distribution rate in
effect immediately prior to the Change of Control, plus (b) an additional [●]% of the liquidation preference per annum. 
 If
either (i) the Applicable Ratings Agency (as defined in the Articles Supplementary) downgrades the credit rating assigned to the Series A Preferred Stock to below Investment Grade (as defined in the Articles Supplementary), or (ii) in
the case where there is only one Ratings Agency (as defined in the Articles Supplementary) rating the Series A Preferred Stock, such Ratings Agency ceases to rate the Series A Preferred Stock or fails to make a rating of the Series A Preferred
Stock publicly available (each of the events described in clauses (i) and (ii) being a “Downgrade Event”), we will thereafter accrue cumulative cash distributions on each then-outstanding share of Series A Preferred Unit at a
rate equal to (a) the distribution rate in effect immediately prior to the Downgrade Event, plus (b)         % of the liquidation preference per annum, subject to a maximum annual distribution rate
of         % while the Series A Preferred Unit remains outstanding (the “Maximum Rate”). If, subsequent to the occurrence of a Downgrade Event that results in an increase in the
distribution rate in effect immediately prior to such Downgrade Event , the Applicable Rating Agency subsequently increases its rating of the Series A Preferred Stock to Investment Grade or an Applicable Rating Agency subsequently issues an
initial rating of the Series A Preferred Stock at Investment Grade (each such event, an “Upgrade Event”), we will thereafter accrue cumulative cash distribution on each then-outstanding share of Series A Preferred Unit at
a rate equal to (a) the distribution rate in effect immediately prior to the Upgrade Event, minus (b)         % of the liquidation preference per annum; provided, however, that in no event will we
accrue cash distribution at a rate lower than the Initial Rate. 
 If any shares of Series A Preferred Units are outstanding after
                     , 2026, we will thereafter accrue cumulative cash distributions on each then-outstanding share of Series A Preferred
Unit at a rate equal to (a) the distribution rate in effect on                      , 2026, plus (b) an additional
        % of the liquidation preference per annum, which will increase by an additional         % of the liquidation preference per annum on September 30 each year
thereafter, subject to a maximum annual distribution rate equal to the Maximum Rate while the Series A Preferred Unit remains outstanding. 

Distributions on each Series A Preferred Unit shall accrue and be cumulative from and including, the original date of issuance of such Series
A Preferred Unit and shall be payable quarterly in equal amounts in arrears on or about [•], [•], [•] and [•] of each year, beginning on [•], 2021 (each such day being hereinafter called, a “Payment Date”);
provided, however, if any Payment Date is not a Business Day (as defined below), then the distribution which would otherwise have been payable on such Payment Date may be paid on the next succeeding Business Day with the same force and effect as if
paid on such Payment Date, and no interest or additional distributions or other sums shall accrue on the amount so payable from such Payment Date to such next succeeding Business Day; provided, further, that the General Partner, as the holder of the
Series A Preferred Units, shall not be entitled to receive any distributions paid or payable on the Series A Preferred Units with a Payment Date before the date such shares of Series A Preferred Units are issued. 

  
 B-2 

 The amount of any distribution payable on the Series A Preferred Units for any partial
distribution period shall be prorated and computed on the basis of a 360-day year consisting of twelve 30-day months. Distributions shall be payable to the General
Partner, as the holder of the Series A Preferred Units. 
 (b) No distributions on the Series A Preferred Units shall be authorized by the
General Partner or declared, paid or set apart for payment by the Partnership at such time as the terms and provisions of any agreement of the Partnership, including any agreement relating to its indebtedness, prohibits such authorization,
declaration, payment or setting apart for payment or provides that such authorization, declaration, payment or setting apart for payment would constitute a breach thereof, or a default thereunder, or if such authorization, declaration, payment or
setting apart shall be restricted or prohibited by law. 
 (c) Notwithstanding anything to the contrary contained herein, distributions on
the Series A Preferred Units shall accrue whether or not the restrictions referred to in Section 3(b) exist, whether or not the Partnership has earnings, whether or not there are assets legally available for the payment of such distributions
and whether or not such distributions are authorized or declared. 
 (d) Except as provided in Section 3(e) below, no distributions
shall be declared and paid or set apart for payment, and no other distributions of cash or other property may be declared and made, directly or indirectly, on or with respect to, Parity Units or Junior Units (other than a distribution paid in Junior
Units or options, warrants or rights to subscribe for or purchase Junior Units) for any period, nor shall Parity Units or Junior Units be redeemed, purchased or otherwise acquired for any consideration (other than a redemption, purchase or
acquisition of Common Units made for purposes of and in compliance with requirements of any incentive, benefit or stock purchase plan of the General Partner or any subsidiary thereof, or a redemption, purchase or acquisition of Parity Units or
Junior Units in connection with a redemption, purchase or acquisition of REIT Shares as permitted under Article VI of the General Partner’s Articles of Amendment and Restatement (the “Charter”), as may be amended or
supplemented from time to time), nor shall any assets be paid or made available for a sinking fund for the redemption of any such shares by the Partnership, directly or indirectly (except by conversion into or exchange for Junior Units or options,
warrants or rights to purchase or subscribe for Junior Units, and except for purchases or exchanges pursuant to a purchase or exchange offer made on the same terms to the General Partner, as holder of the Series A Preferred Units, and all holders of
Parity Units), unless full cumulative distributions on the Series A Preferred Units for all past distribution periods shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof is set apart
for such payment. 
 (e) When cumulative distributions are not paid in full (or a sum sufficient for such full payment is not so set apart)
on the Series A Preferred Units and any Parity Units, all distributions declared on the Series A Preferred Units and any other Parity Units shall be declared pro rata so that the amount of distributions declared per Series A Preferred Unit and per
Parity Unit shall in all cases bear to each other the same ratio that accrued distributions per Series A Preferred Unit and per Parity Unit (which shall not include any accrual in respect of unpaid distributions on any Parity Units for prior
distributions periods if such Parity Units does not have a cumulative distribution) bear to each other. No interest, or sum of money in lieu of interest, shall be payable in respect of any distribution payment or payments on the Series A Preferred
Units which may be in arrears. 
 (f) If, for any taxable year, the General Partner elects to designate as “capital gain
distributions” (as defined in Section 857 of the Internal Revenue Code of 1986, as amended) any portion of the distributions (as determined for federal income tax purposes) paid or made available for the year to holders of all classes or
series of Partnership Units, then the portion of the capital gains amount that shall be allocable to the General Partner, as holder of the Series A Preferred Units, shall be the amount that the total distributions (as determined for federal income
tax purposes) paid or made available to the General Partner, as holder of the Series A Preferred Units, for the year bears to the total distributions (as determined for federal income tax purposes) paid or made available for the year to holders of
all classes of Partnership Units. 
 (g) The General Partner, as holders of the Series A Preferred Units, shall not be entitled to any
distribution, whether payable in cash, property or Partnership Units, in excess of full cumulative distributions on the Series A Preferred Units as described above. Any distribution payment made on the Series A Preferred Units shall first be
credited against the earliest accrued but unpaid distributions due with respect to such shares which remain payable. Accrued but unpaid distributions on the Series A Preferred Units will accumulate as of the Payment Date on which they first become
payable or on the date of redemption, as the case may be. 

  
 B-3 

 (h) “Business Day” shall mean any day, other than a Saturday or Sunday,
that is neither a legal holiday nor a day on which banking institutions in New York City are authorized or required by law, regulation or executive order to close. 

(i) “Set apart for payment” shall be deemed to include (without limitation): the recording by the Partnership in its
accounting ledgers of any accounting or bookkeeping entry which indicates, pursuant to an authorization by the General Partner and a declaration of distributions by the Partnership, the allocation of funds to be so paid on any series or class of
Partnership Units; provided, however, that if any funds for any class or series of Junior Units or Parity Units are placed in a separate account of the Partnership or delivered to a disbursing, paying or other similar agent, then “set apart for
payment” with respect to the Series A Preferred Units shall mean placing such funds in a separate account or delivering such funds to a disbursing, paying or other similar agent. 

4. Liquidation Preference. 

(a) In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Partnership, before any distribution or payment
shall be made to the holders of shares of any Junior Units, the General Partner, as holder of the Series A Preferred Units, shall be entitled to be paid, or have the Partnership declare and set apart for payment, out of the assets of the Partnership
legally available for distribution, after payment or provision for payment of all debts and other liabilities of the Partnership, a liquidation preference in cash or property at fair market value, as determined by the General Partner, of $25.00 per
unit, plus an amount equal to any accrued and unpaid distributions (whether or not declared) to, but not including, the date of payment or the date the amount for payment is set apart (the “Liquidating Distributions”). 

(b) If, upon any such voluntary or involuntary liquidation, dissolution or winding up of the Partnership, the available assets of the
Partnership are insufficient to pay the full amount of the Liquidating Distributions on all outstanding Series A Preferred Units and the corresponding amounts payable on all outstanding Parity Units, then the General Partner, as holder of the Series
A Preferred Units, and the holders of such Parity Units shall share ratably in any such distribution of assets in proportion to the full Liquidating Distributions to which they would otherwise be respectively entitled. 

(c) After payment of the full amount of the Liquidating Distributions to which it is entitled, the General Partner, as holder of the Series A
Preferred Units, will have no right or claim to any of the remaining assets of the Partnership. 
 (d) For the avoidance of doubt, the
consolidation, merger or conversion of the Partnership with or into another entity, the merger of another entity with or into the Partnership, a statutory unit exchange by the Partnership or the sale, lease, transfer or conveyance of all or
substantially all of the assets or business of the Partnership shall not be considered a liquidation, dissolution or winding up of the Partnership. 

5. Redemption. 
 (a)
Optional Redemption. 
 (i) The Series A Preferred Units are not redeemable prior to [•], 2023, except to the
extent that the Series A Preferred Stock are permitted to be redeemed pursuant to Article VI of the Charter and as otherwise provided in this Section 5. Subject to Section 5(c), on and after
                , 2026, upon no fewer than 30 days’ nor more than 60 days’ written notice, the General Partner may, at its option, redeem the Series
A Preferred Units, in whole or from time to time in part, by paying $25.00 per unit, plus any accrued and unpaid dividends (whether or not declared) to, but not including, the date of redemption (other than any dividend with a Partnership Record
Date before the applicable redemption date and a Payment Date after the applicable redemption date, which will be paid on the Payment Date notwithstanding prior redemption of such units). 

  
 B-4 

 The aforementioned redemption rights set forth in this Section 5(a)(i) are collectively
referred to as the “Regular Redemption Right.” 
 (ii) Unless full cumulative dividends on all Series A
Preferred Units shall have been or contemporaneously are declared and paid or declared and a sum sufficient for the payment thereof set apart for payment for all past dividend periods, (i) no Series A Preferred Units shall be redeemed unless
all outstanding Series A Preferred Units are simultaneously redeemed, and (ii) the General Partner shall not purchase or otherwise acquire directly or indirectly for any consideration, nor shall any monies be paid to or be made available for a
sinking fund for the redemption of, any Series A Preferred Units (except by conversion into or exchange for Junior Units or options, warrants or rights to purchase or subscribe for Junior Units). 

(iii) In connection with any redemption of Series A Preferred Units pursuant to the Regular Redemption Right, if the redemption
date falls after a Partnership Record Date and prior to the corresponding Payment Date, then the General Partner, as the holder of the Series A Preferred Units, at the close of business on such Partnership Record Date shall be entitled to the
dividend payable on such units on the corresponding Payment Date (including any accrued and unpaid dividends for prior dividend periods) notwithstanding the redemption of such units before such Payment Date. Except as provided above and in
Section 5(b)(iii), the General Partner will make no payment or allowance for unpaid dividends, whether or not in arrears, on Series A Preferred Units for which a notice of redemption has been given. 

(iv) Any Series A Preferred Units that shall at any time have been redeemed pursuant to the Regular Redemption Right or
otherwise acquired shall, after such redemption or acquisition, have the status of authorized but unissued units of Preferred Units, without designation as to class or series until such units are once more classified and designated as part of a
particular class or series by the General Partner. 

  
 B-5 

 (b) Special Optional Redemption. 

(i) Subject to Section 5(c), upon the occurrence of a “Change of Control” as defined in the Articles
Supplementary, the General Partner or the acquiring or surviving entity, as applicable, at its option, may redeem the Series A Preferred Units, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for
cash at a redemption price equal to $25.00 per unit, plus an amount equal to any accrued and unpaid dividends (whether or not declared) to, but not including, the redemption date (“Special Optional Redemption Right”). 

(ii) Unless full cumulative dividends on all Series A Preferred Units shall have been or contemporaneously are declared and
paid or declared and a sum sufficient for the payment thereof set apart for payment for all past dividend periods, (i) no Series A Preferred Units shall be redeemed pursuant to the Special Optional Redemption Right unless all outstanding Series
A Preferred Units are simultaneously redeemed, and (ii) the General Partner shall not purchase or otherwise acquire directly or indirectly for any consideration, nor shall any monies be paid to or be made available for a sinking fund for the
redemption of, any Series A Preferred Units (except by conversion into or exchange for Junior Units or options, warrants or rights to purchase or subscribe for Junior Units). 

(iii) In connection with any redemption of Series A Preferred Units pursuant to the Special Optional Redemption Right, if a
redemption date falls after a Partnership Record Date and prior to the corresponding Payment Date, then the General Partner, as holder of the Series A Preferred Units, at the close of business on such Partnership Record Date shall be entitled to the
dividend payable on such units on the corresponding Payment Date (including any accrued and unpaid dividends for prior dividend periods) notwithstanding the redemption of such units before such Payment Date. Except as provided above, the General
Partner will make no payment or allowance for unpaid dividends, whether or not in arrears, on Series A Preferred Units for which a notice of redemption has been given. 

(iv) Any Series A Preferred Units that shall at any time have been redeemed pursuant to the Special Optional Redemption Right
or otherwise acquired shall, after such redemption or acquisition, have the status of authorized but unissued Preferred Units, without designation as to class or series until such units are once more classified and designated as part of a particular
class or series by the General Partner. 
 (c) Procedures of Redemption. Notwithstanding any other provision hereof, the General
Partner may only exercise its right to redeem all or any of the Series A Preferred Units to the extent that the General Partner exercises its right to redeem all or any of the Series A Preferred Stock, and at any time that the General Partner
exercises its right to redeem the Series A Preferred Stock, the General Partner shall exercise its right to cause the Partnership to redeem an equal number of Series A Preferred Units. 

6. Conversion. At any time that a holder of the Series A Preferred Stock exercises its right to convert all or any of the Series A
Preferred Stock into REIT Shares, the General Partner shall exercise its right to cause the Partnership to convert an equal number of Series A Preferred Units into a number of OP Units equal to the corresponding number of REIT Shares received by
such exercising holder of the Series A Preferred Stock, such that following such conversion the aggregate number of outstanding Series A Preferred Units shall be equal to the aggregate number of outstanding shares of Series A Preferred Stock and the
aggregate number of OP Units held by the General Partner shall be equal to the aggregate number of outstanding REIT Shares. 
 7. Voting
Rights. Except as required by law, the General Partner, in its capacity as the holder of the Series A Preferred Units, shall not be entitled to vote at any meeting of the Partners or for any other purpose or otherwise to participate in any
action taken by the Partnership or the Partners, or to receive notice of any meeting of the Partners. 
 8. General. The rights of the
General Partner, in its capacity as holder of the Series A Preferred Units, are in addition to and not in limitation of any other rights or authority of the General Partner, in any other capacity, under the Partnership Agreement. In addition,
nothing herein shall be deemed to limit or otherwise restrict any rights or authority of the General Partner other than in its capacity as the holder of the Series A Preferred Units. 

  
 B-6Exhibit 4.2

 

Amphenol
Corporation

 

OFFICERS’ CERTIFICATE

Pursuant to Section 2.2 of the Indenture

 

Reference is made to the Indenture
(the “Indenture”), dated as of November 5, 2009, between Amphenol Corporation, a Delaware corporation (the “Company”),
and The Bank of New York Mellon, as trustee (the “Trustee”). Capitalized terms used but not otherwise defined herein
shall have the respective meanings ascribed to them in the Indenture.

 

Pursuant to Section 2.2 of
the Indenture, the Company hereby certifies, through its Chief Financial Officer, Craig A. Lampo, and its Secretary, Lance D’Amico,
as follows:

 

		1.	Pursuant to (i) an Action by Unanimous Written Consent of the Board of Directors (the “Board of Directors”) of
the Company taken as of September 6, 2021, including authority delegated by the Board of Directors to the Pricing Committee thereof and
(ii) an Action by Unanimous Written Consent of the Pricing Committee of the Board of Directors taken as of September 7, 2021 (the “Pricing
Committee Consent”), the Company has created a series of senior debt securities of the Company, designated as the 2.200% Senior
Notes due 2031 (the “Notes”), to be issued under the Indenture, and authorized the sale of up to $750,000,000 in aggregate
principal amount of the Notes.

 

		2.	The terms of the Notes as authorized by and determined pursuant to the Pricing Committee Consent, are
as follows:

 

		(a)	The title of the Notes shall be 2.200% Senior Notes due September 15, 2031 (CUSIP/ISIN: 032095 AL5 / US032095AL53).

 

		(b)	The price at which the Notes will be issued shall be 99.634% of the principal amount of the Notes.

 

		(c)	The maximum aggregate principal amount of the Notes shall be $750,000,000.

 

		(d)	The principal of the Notes shall be payable on September 15, 2031 (the “Maturity Date”).

 

		(e)	The Notes shall bear interest at an annual rate of 2.200% from September 14, 2021, payable
                                                               semi-annually in arrears on March 15 and September 15 of each year (the “Interest Payment Dates”), commencing
                                                               March 15, 2022 until the principal of the Notes is paid or made available for payment. The interest so payable shall be paid to the
                                                               Persons in whose name the Notes are registered at the close of business on March 1 or September 1 (the “Interest Record
                                                               Dates”) (whether or not a Business Day (as defined in the Indenture)) immediately preceding such March 15 or September 15,
                                                               respectively. The amount of interest payable on any Interest Payment Date shall be computed on the basis of a 360-day year
                                                               consisting of twelve 30-day months. In the event that any Interest Payment Date, any redemption date or the Maturity Date falls on a
                                                               day that is not a Business Day, the required payment of principal, premium, if any, and interest
will be made on the next succeeding Business Day as if made on the date that payment was due and no interest will accrue on the amount
so payable for the period from and after such Interest Payment Date, such redemption date or Maturity Date, as the case may be, to the
date of that payment on that next succeeding Business Day.

 

    

     

    

 

		(f)	The place where: (i) principal of and premium, if any, and interest on the Notes shall be payable, (ii)
the Notes may be surrendered for registration of transfer or exchange and (iii) notices and demands to or upon the Company in respect
of the Notes and the Indenture may be served, shall be at the Company’s office or agency in Pittsburgh (which initially shall be
the corporate trust office of the Trustee at: 500 Ross Street, 12th Floor, Pittsburgh, PA 15262), provided that, at the Company’s
option, payment of interest may be made by check mailed to the registered Holders of the Notes at their registered addresses.

 

		(g)	Prior to the Par Call Date (as defined herein), the Notes may be redeemed at the Company’s option,
in whole or in part, at any time or from time to time, at a redemption price equal to the greater of:

 

(i)       100%
of the principal amount of the Notes to be redeemed; and

 

(ii)       the sum
of the present values of the Remaining Scheduled Payments (as defined below) of the Notes being redeemed, discounted to the date of redemption
on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below), plus 15 basis
points, plus, in each case of clauses (i) and (ii) of this Section 2(g), accrued and unpaid interest thereon to, but not including, the
date of redemption.

 

On or after the Par
Call Date, the Company may redeem the Notes in whole or in part, at its option, at a redemption price equal to 100% of the principal amount
thereof, plus accrued and unpaid interest to, but not including, the date of redemption.

 

If the date of redemption is on or after
an Interest Record Date and on or before the related Interest Payment Date, the accrued and unpaid interest, if any, shall be paid to
the Person in whose name the Note is registered at the close of business on such Interest Record Date, and no additional interest shall
be payable to Holders whose Notes will be subject to redemption by the Company.

 

For purposes of this Section 2(g), the
following terms have the following meanings:

 

“Comparable Treasury Issue”
means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining
term of the Notes to be redeemed (assuming that the Notes matured on the Par Call Date) 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 remaining
term of such Notes (assuming that the Notes matured on the Par Call Date).

 

    2 

     

    

 

“Comparable Treasury Price”
means, with respect to any date of redemption, (a) the average of the Reference Treasury Dealer Quotations for such redemption date, after
excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if fewer than four such Reference Treasury Dealer Quotations
are provided to us, the average of all such quotations.

 

“Independent Investment Banker”
means the Reference Treasury Dealer appointed by the Company.

 

“Par Call Date” means
June 15, 2031 (three months prior to the Maturity Date).

 

“Reference Treasury Dealer”
means each of (i) Citigroup Global Markets Inc., a primary treasury dealer selected by MUFG Securities Americas Inc. and TD Securities
(USA) LLC (each, a “Primary Treasury Dealer”), and their respective successors, provided, however, that if any of the
foregoing ceases to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer; and (ii) any
other Primary Treasury Dealers selected by the Company.

 

“Reference Treasury Dealer Quotations”
means, with respect to each Reference Treasury Dealer and any date of redemption, the average, as determined by us, of the bid and asked
prices for the Comparable Treasury Issue for the Notes (expressed in each case as a percentage of its principal amount) quoted in writing
to us by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding that date of redemption.

 

“Remaining Scheduled Payments”
means, with respect to each Note to be redeemed, the remaining scheduled payments of the principal (or of the portion) thereof and interest
thereon that would be due after the related date of redemption therefor but for such redemption (assuming that the Notes matured on the
Par Call Date); provided, however, that, if that date of redemption is not an Interest Payment Date with respect to such
Note, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount of interest accrued thereon to
that date of redemption.

 

“Treasury Rate” means,
with respect to any date of redemption, the rate per annum equal to the semi-annual equivalent yield to maturity, computed as of the second
Business Day immediately preceding that date of redemption, of the Comparable Treasury Issue, assuming a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for that date of redemption.

 

Notice of any redemption shall be
mailed at least 15 days but not more than 60 days before the date of redemption to each Holder of Notes to be redeemed. If less than
all the Notes are to be redeemed, the Notes to be redeemed shall be selected in accordance with the Depository’s applicable
procedures. Unless the Company defaults in payment of the redemption price, on and after the date of redemption, interest shall
cease to accrue on the Notes or portions thereof called for redemption.

 

    3 

     

    

 

		(h)	Except as described under Section 2(g) above, the Notes will not be redeemable by the Company prior to
maturity and will not be entitled to the benefit of any sinking fund.

 

		(i)	If a Change of Control Repurchase Event (as defined below) occurs, unless the Company has exercised its
right to redeem all of the Notes as described under Section 2(g) above, each Holder of the Notes shall have the right to require the Company
to repurchase all or any part (equal to $2,000 and integral multiples of $1,000 in excess thereof) of such Holder’s Notes pursuant
to the offer described below (the “Change of Control Offer”), at a purchase price in cash equal to 101% of the principal
amount of the Notes, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase (subject to the right of
Holders of record on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date).

 

Within 30 days following
any Change of Control Repurchase Event, 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, by first class mail, a notice to each Holder, with a copy to the Trustee, which
notice will govern the terms of the Change of Control Offer, stating:

 

		(i)	that such Change of Control Repurchase Event has occurred or is pending and that such Holder has the right
to require the Company to repurchase such Holder’s Notes at a purchase price in cash equal to 101% of the principal amount of the
Notes plus accrued and unpaid interest, if any, to, but not including, the date of repurchase (subject to the right of Holders of record
on the relevant Interest Record Date to receive interest due on the relevant Interest Payment Date) (the “Change of Control Payment”);

 

		(ii)	if such notice is mailed prior to the date of consummation of the Change of Control, 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;

 

		(iii)	the date of repurchase (which shall be no earlier than 30 days nor later than 60 days from the date the
Change of Control Offer is mailed) (the “Change of Control Payment Date”); and

 

		(iv)	the procedures determined by the Company, consistent with the Indenture, that a Holder must follow in
order to have its Notes repurchased.

 

    4 

     

    

 

On the Change of Control Payment Date,
the Company shall, to the extent lawful:

 

		(1)	accept for payment all Notes or portions of Notes (equal to $2,000 and integral multiples of $1,000 in
excess thereof) properly tendered pursuant to the Change of Control Offer;

 

		(2)	deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes
or portions of Notes so tendered; and

 

		(3)	deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’
Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased by the Company and, to the extent applicable,
an executed new note or notes evidencing any unpurchased portion of any Note or Notes surrendered for which the Trustee shall be required
to authenticate and deliver a new note or notes as provided below.

 

The Trustee shall promptly mail, or shall
cause the Paying Agent to promptly mail, to each Holder of Notes so 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 a new note equal in principal amount to
any unpurchased portion of the Notes surrendered, if any, provided that each such new note shall be in a principal amount of $2,000
and integral multiples of $1,000 in excess thereof.

 

If the Change of Control Payment Date
is on or after an Interest Record Date and on or before the related Interest Payment Date, any accrued and unpaid interest, if any, shall
be paid to the Person in whose name the Note is registered at the close of business on such Interest Record Date, and no additional interest
shall be payable to Holders who tender pursuant to the Change of Control Offer.

 

The Company shall not be required to make
the Change of Control Offer upon a Change of Control Repurchase Event if a third party makes an offer in the manner, at the times and
otherwise in compliance with the requirements set forth in the Indenture applicable to the Change of Control Offer to be made by the Company
and repurchases all Notes validly tendered and not withdrawn under such offer.

 

The Company shall comply, to the extent
applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws or regulations thereunder to the
extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control Repurchase
Event. To the extent that the provisions of any such securities laws or regulations conflict with the Change of Control Offer provisions
in this Section 2(i), the Company shall comply with those securities laws and regulations and will not be deemed to have breached its
obligations under the Change of Control Offer provisions in this Section 2(i) by virtue of any such conflict.

 

    5 

     

    

 

For purposes of this Section 2(i), the
following terms have the following meanings:

 

“Change of Control”
means:

 

		·	the consummation of any transaction (including without limitation, any merger or consolidation) the result
of which is that any “person” (as such term is used in Sections 13(d)(3) of the Exchange Act) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that such person shall be deemed to have “beneficial
ownership” of all shares that any such person has the right to acquire, whether such right is exercisable immediately or only after
the passage of time), directly or indirectly, of more than 50% of the total voting power of the Company’s Voting Stock (or the Company’s
successor by merger, consolidation or purchase of all or substantially all of its assets) (for the purposes of this Section 2(i), such
person shall be deemed to beneficially own any of the Company’s Voting Stock held by a parent entity, if such person “beneficially
owns” (as defined above), directly or indirectly, more than a majority of the voting power of the Voting Stock of such parent entity);
or

 

		·	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 Company’s outstanding Voting Stock
or outstanding Voting Stock of such other person is converted into or exchanged for cash, securities or other property, other than any
such transaction where the shares of the Company’s Voting Stock outstanding immediately prior to such transaction constitute, or
are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving effect to such transaction;
or

 

		·	the first day on which a majority of the members of the Company’s Board of Directors are not Continuing
Directors; or

 

		·	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 Company’s assets and the assets
of the Subsidiaries taken as a whole to any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act),
other than to the Company or one of the Company’s Subsidiaries; or

 

		·	the adoption by the Company’s stockholders of a plan or proposal for its liquidation or dissolution.

 

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) immediately following that transaction, (1) 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 (2) no person or group is the beneficial owner, directly or indirectly, of more than a majority of the total voting
power of the Voting Stock of the holding company.

 

    6 

     

    

 

“Change of Control Repurchase
Event” means the occurrence of both a Change of Control and a Rating Decline with respect to such Change of Control. Notwithstanding
anything in this Section 2(i), no Change of Control Repurchase Event will be deemed to have occurred in connection with any particular
Change of Control unless and until such Change of Control has actually been consummated.

 

“Continuing Directors”
means, as of any date of determination, any member of the Company’s Board of Directors who (a) was a member of the Company’s
Board of Directors on the date of issuance of the Notes or (b) was nominated for election or elected to the Company’s Board of Directors
with the approval of a majority of the Continuing Directors who were members of the Company’s Board of Directors at the time of
such nomination or election.

 

“Investment Grade”
means BBB- or higher by S&P and Baa3 or higher by Moody’s, or the equivalent of such ratings by S&P or Moody’s or,
if either S&P or Moody’s shall not make a rating on the Notes publicly available, another Rating Agency.

 

“Moody’s” means
Moody’s Investors Service Inc. and its successors.

 

“Rating Agency” means
each of S&P and Moody’s or, to the extent S&P or Moody’s or both do not make a rating on the Notes publicly available,
a “nationally recognized statistical rating organization” (within the meaning of Section 3(a)(62) under the Exchange Act)
or “organizations”, as the case may be, selected by the Company (as certified by a resolution of the Company’s Board
of Directors), which shall be substituted for S&P or Moody’s, or both, as the case may be.

 

“Rating Decline” means,
with respect to a Change of Control, the Notes cease to be rated Investment Grade by each Rating Agency on any date during the period
(“Trigger Period”) from the date of the public notice of an arrangement that could result in such Change of Control
until 60 days following the consummation of such Change of Control (which Trigger Period will be extended for so long as the rating on
the Notes is under publicly announced consideration for a possible downgrade by either of the Rating Agencies).

 

“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 such Person that is at the time entitled to vote generally in the election
of the board of directors, managers or trustees, as applicable, of such Person.

 

		(j)	The Notes shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

 

    7 

     

    

 

		(k)	The Notes shall be issued only in registered form without coupons. The Notes shall be represented by one
or more Global Securities in the form set forth in Exhibit A hereto.

 

		(l)	In the event of a declaration of acceleration of the maturity of the Notes pursuant to Section 6.2 of
the Indenture, 100% of the principal amount of the Notes shall be payable.

 

		(m)	The Notes shall be issued in United States dollars.

 

		(n)	Principal of and premium, if any, and interest on the Notes shall be paid in United States dollars.

 

		(o)	N/A

 

		(p)	N/A

 

		(q)	N/A

 

		(r)	There shall be no additions to or changes in the Events of Default (as defined in the Indenture) that
apply to the Notes. There shall be no change in the right of the Trustee or the requisite Holders of the Notes to declare the principal
amount of the Notes due and payable pursuant to Section 6.2 of the Indenture.

 

		(s)	Other than as set forth in Section 2(i) above, there shall be no additions to or changes in the covenants
set forth in Article IV or V of the Indenture that apply to the Notes.

 

		(t)	The Notes shall not be convertible to any other securities of the Company.

 

		(u)	The Notes shall be senior unsecured and unsubordinated debt securities and shall rank equally with all
of the Company’s existing and future senior unsecured and unsubordinated indebtedness, including the Company’s 4.000% Senior
Notes due 2022, the Company’s 3.200% Senior Notes due 2024, the Company’s 2.050% Senior Notes due 2025, the Company’s
4.350% Senior Notes due 2029, the Company’s 2.800% Senior Notes due 2030 and the Company’s guarantee of the 0.750% Euro Senior
Notes due 2026 (the “2026 Notes”) and the 2.000% Euro Senior Notes due 2028 (the “2028 Notes”) issued by the Company’s
Subsidiary, Amphenol Technologies Holding GmbH and any borrowings under the Company’s revolving credit facility. However, the Notes
shall be structurally subordinated to the indebtedness of the Company’s Subsidiaries (other than the 2026 Notes and the 2028 Notes
(to the extent such 2026 Notes and 2028 Notes are guaranteed by the Company)) and effectively subordinated to any of the Company’s
future secured indebtedness to the extent of the value of the assets securing such indebtedness.

 

		(v)	The Trustee shall act as the Registrar, Paying Agent and Service Agent for the Notes.

 

[Signature page follows]

 

    8 

     

    

 

 

 

IN WITNESS WHEREOF, the undersigned has executed
this Officers’ Certificate on behalf of the Company in his or her capacity as specified below.

 

Dated: September 14, 2020

 

	 	Amphenol Corporation
	 	 
	 	By:	 /s/ Craig A. Lampo 
	 	 	Name: Craig A. Lampo
	 	 	Title: Senior Vice President and Chief Financial Officer
	 	 
	 	By:	/s/ Lance D’Amico
	 	 	Name: Lance D’Amico
	 	 	Title: Senior Vice President, Secretary and General Counsel

 

[Signature Page to Officers’ Certificate (Pursuant to Section 2.2 of the Indenture)]

 

     

     

    

 

Exhibit A

 

Form of Note

 

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING
OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY. THIS NOTE IS
EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE
OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY
OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.

 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS TO BE 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 ANY PERSON IS WRONGFUL INASMUCH
AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

CUSIP: 032095 AL5 

ISIN: US032095AL53

 

	No. R-[●]	$[●]

 

AMPHENOL CORPORATION

2.200% SENIOR NOTES DUE 2031

 

Amphenol Corporation, a Delaware
corporation (the “Company,” which term includes any successor corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to CEDE & CO., as nominee for the Depositary, or its registered assigns, the principal sum
of [●] DOLLARS ($[●]), on September 15, 2031 (such date is hereinafter referred to as the “Stated Maturity”),
and to pay interest on said principal sum, from September 14, 2021 or from the next most recent date to which interest has been paid or
duly provided for, semi-annually in arrears, on March 15 and September 15 of each year (each such date, an “Interest Payment Date”),
commencing on March 15, 2022, at the rate of 2.200% per annum until the principal hereof shall have been paid or duly made available for
payment and, to the extent permitted by law, to pay interest on any overdue principal and premium, if any, and on any overdue installment
of interest from time to time on demand at the rate borne by the Notes.

 

     

     

    

 

The interest so payable shall
be paid to the persons in whose name the Notes are registered at the close of business on March 1 and September 1 (the “Interest
Record Dates”) (whether or not a Business Day) immediately preceding such March 15 or September 15, respectively.

 

The amount of interest payable
on any Interest Payment Date shall be computed on the basis of a 360-day year consisting of twelve 30-day months. In the event that any
Interest Payment Date, any redemption date or the Stated Maturity falls on a day that is not a Business Day, the required payment of principal,
premium, if any, and interest will be made on the next succeeding Business Day as if made on the date that payment was due and no interest
will accrue on the amount so payable for the period from and after such Interest Payment Date, such redemption date or Stated Maturity,
as the case may be, to the date of that payment on that next succeeding Business Day.

 

As used herein, the term “Depository”
shall mean The Depository Trust Company, New York, New York, another clearing agency or any successor registered under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) or other applicable statute or regulation, which in each case, shall
be designated by the Company pursuant to the Indenture.

 

If the Company defaults in
a payment of interest on the Notes, it shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable on
the defaulted interest, to the Persons who are Holders of the Notes on a subsequent special record date. The Company shall fix the record
date and payment date. At least ten days before the record date, the Company shall mail to the Trustee and to each Holder of the Notes
a notice that states the record date, the payment date and the amount of interest to be paid. The Company may pay defaulted interest in
any other lawful manner.

 

The place where: (i) principal
of and premium, if any, and interest on the Notes shall be payable, (ii) the Notes may be surrendered for registration of transfer or
exchange and (iii) notices and demands to or upon the Company in respect of the Notes and the Indenture may be served, shall be at the
Company’s office or agency in Pittsburgh, Pennsylvania (which initially shall be the corporate trust office of the Trustee at: BNY
Mellon Corporate Trust 500 Ross Street, 12th Floor, Pittsburgh, PA 15262), provided that, at the Company’s option, payment
of interest may be made by check mailed to the registered Holders of the Notes at their registered addresses.

 

Notwithstanding the foregoing,
as long as this Note is represented by a Global Note, payments of principal of, premium, if any, and interest on this Note will be made
by wire transfer of immediately available funds to the Depositary or its nominee as the initial holder of this Note.

 

REFERENCE IS HEREBY MADE TO
THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE FOLLOWING PAGES HEREOF, WHICH FURTHER PROVISIONS SHALL, FOR ALL PURPOSES, HAVE THE
SAME EFFECT AS IF SET FORTH AT THIS PLACE.

 

Unless the certificate of
authentication hereon has been executed by the Trustee by manual signature, this Note shall not be entitled to any benefit under the Indenture
or be valid or obligatory for any purpose.

 

     

     

    

 

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

 

Dated: September 14, 2021

 

	 	AMPHENOL CORPORATION
	 	 
	 	By:	 
	 	 	Name: Craig A. Lampo
	 	 	Title: Senior Vice President and Chief Financial Officer

 

	Attest:	 
	 	 
	 	 
	Name: Lance D’Amico	 
	Title: Senior Vice President, Secretary and General Counsel	 

 

[Signature Page to Global
Note]

 

     

     

    

 

CERTIFICATE OF AUTHENTICATION

 

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

 

	 	THE BANK OF NEW YORK MELLON, 

as Trustee
	 	   
	 	By:	 
	 	 	Authorized Officer

 

Dated: September 14, 2021

  

     

     

    

 

(REVERSE OF NOTE)

 

Amphenol
corporation

2.200%
Senior notes due 2031

 

This Global Note designated
on the face hereof as 2.200% Senior Notes due 2031 (the “Notes”) is a duly authorized issue of securities of the Company issued
and issuable in one or more series under an indenture, dated as of November 5, 2009 (the “Base Indenture”), between the Company
and The Bank of New York Mellon, as trustee (the “Trustee,” which term includes any successor trustee under such indenture),
to such indenture, as supplemented by an Officers’ Certificate dated as of September 14, 2021 establishing the terms of the Notes
(the “Officers’ Certificate,” and together with the Base Indenture, the “Indenture”), reference is hereby
made for a statement of the respective rights, limitation of rights, duties and immunities thereunder of the Company, the Trustee and
the holders of the securities issued thereunder and of the terms upon which said securities are, and are to be, authenticated and delivered.
Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Indenture.

 

The Notes are not subject to a mandatory or optional sinking
fund requirement.

 

The Notes shall be redeemable,
at the Company’s option, in whole or in part, at any time or from time to time at the redemption prices described in the Indenture.

 

If a Change of Control Repurchase
Event (as defined in the Indenture) occurs, unless the Company has exercised its right to redeem all of the Notes as described above,
each Holder of the Notes shall have the right to require the Company to repurchase all or any part (equal to $2,000 and integral multiples
of $1,000 in excess thereof) of such Holder’s Notes pursuant to the offer described in the Indenture, at a purchase price in cash
equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but not including, the date of repurchase
(subject to the right of Holders of record on the relevant Interest Record Date to receive interest due on the relevant Interest Payment
Date).

 

If an Event of Default (as
defined in the Indenture) with respect to the Notes of this Series occurs and is continuing, the principal of the Notes of this Series
may be declared due and payable in the manner and with the effect 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 each Series to be affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of a majority in principal amount of the Securities at the time outstanding of each Series to be affected.
Without the consent of any Holder of Securities, the Indenture or the Securities may be amended to cure, correct or supplement any ambiguity,
omission, defect or inconsistency as to the Securities of such Series or to make any change that does not adversely affect the rights
of any Holder of the Securities of such Series in any material respect. The Indenture also contains provisions permitting the Holders
of specified percentages in principal amount of the Securities of each Series at the time outstanding, on behalf of the Holders of all
Securities of such Series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under
the Indenture and their consequences. Until such waiver becomes effective, a consent to it by a Holder of this Note is a continuing consent
by the Holder and every subsequent Holder of this Note or portion of this Note that evidences the same debt as the consenting Holder’s
Note, even if notation of the consent is not made on this Note. However, any such Holder or subsequent Holder may revoke the consent as
to such Holder’s Note or portion of this Note if the Trustee receives the notice of revocation before the date of the waiver becomes
effective. Any amendment or waiver once effective shall bind every Holder of each Series affected by such amendment or waiver, subject
to certain exceptions provided for in the Indenture.

 

     

     

    

 

Every amendment to the Indenture
or the Securities of one or more Series shall be set forth in a Supplemental Indenture that complies with the TIA as then in effect.

 

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 times and place and at the rate and in the currency herein prescribed.

 

A Holder shall register the
transfer of or exchange Notes in accordance with the Indenture. The Company may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith
as permitted by the Indenture. Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange
Notes of any Series for the period beginning at the opening of business fifteen days immediately preceding the mailing of a notice of
redemption of Notes of such Series selected for redemption and ending at the close of business on the day of such mailing, or (b) to register
the transfer of or exchange Notes of any Series selected, called or being called for redemption as a whole or the portion being redeemed
of any such Securities selected, called or being called for redemption in part.

 

The Company may be discharged
from its obligations under the Notes and under the Indenture with respect to the Notes except for certain provisions thereof, and may
be discharged from obligations to comply with certain covenants contained in the Notes and in the Indenture with respect to the Notes,
in each case upon satisfaction of certain conditions specified in the Indenture.

 

A director, officer, employee
or stockholder, as such, of the Company shall not have any liability for any obligations of the Company under this Note or the Indenture
or for any claim based on, in respect of or by reason of such obligations or their creation. Each Holder by accepting the Note waives
and releases all such liability. The waiver and release are part of the consideration for the issue of the Note.

 

The registered Holder of this
Note shall be treated as the owner of it for all purposes.

 

If funds for the payment of
principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Company at its written
request. After that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

 

The Trustee shall act as the
Registrar, Paying Agent and Service Agent (as defined in the Indenture) for the Notes. The Notes shall be issued in denominations of $2,000
and integral multiples of $1,000 in excess thereof. The Notes shall be issued only in registered form without coupons. In the event of
a declaration of acceleration of the maturity of the Notes pursuant to the Indenture, 100% of the principal amount of the Notes shall
be payable. The Notes shall be issued in United States dollars and principal of and premium, if any, and interest on the Notes shall be
paid in United States dollars. The Notes shall be unsecured debt securities of the Company. The Notes shall not be convertible to any
other securities of the Company. The Indenture and this Note shall be governed by and construed in accordance with the laws of the State
of New York.

 

In order
to comply with applicable tax laws (inclusive of rules, regulations and interpretations promulgated by competent authorities)
related to the Notes in effect from time to time (“Applicable Law”) that a foreign financial institution, issuer,
trustee, paying agent or other party is or has agreed to be subject to, the Company agrees (i) upon written request of the
Trustee, to provide to the Trustee, to the extent reasonably available to the Company, sufficient information about the parties
and/or transactions (including any modification to the terms of such transactions) so the Trustee can determine whether it has tax
related obligations under Applicable Law and (ii) that the Trustee shall be entitled to make any withholding or deduction from
payments to the extent necessary to comply with Applicable Law for which the Trustee shall not have any liability.

 

     

     

    

 

ASSIGNMENT
FORM

 

To assign this Note, fill in the form
below:

 

(I) or (we) assign and transfer this
Note to:

 

 

(Insert
assignee’s legal name)

 

 

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

 

 

 

 

(Print
or type assignee’s name, address and Zip Code)

 

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

 

Date:

 

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

 

Signature Guarantee*:

 

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

 

     

     

    

 

OPTION
OF HOLDER TO ELECT
PURCHASE

 

If you want to elect to have this Note purchased
by the Company pursuant to the provisions hereof, check the box:  ̈

 

If you want to elect to have only part of the
Note purchased by the Company pursuant to the provisions hereof, state the amount you elect to have purchased: $______________________

 

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).

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