EX-4.1



 Exhibit 4.1 
  

 
  

RBS GLOBAL, INC. 
 and 

REXNORD LLC, 
 as Issuers, 

and the Guarantors named herein 

4.875% Senior Notes due 2025 
  

 
  

INDENTURE 
 Dated as of
December 7, 2017 
  
  

 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
 as Trustee 
  

 
  







 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
	ARTICLE 1	 
	DEFINITIONS AND INCORPORATION BY REFERENCE	 
			
	 Section 1.01.
	 	 Definitions
	  	 	1	 
	 Section 1.02.
	 	 Other Definitions
	  	 	38	 
	 Section 1.03.
	 	 Incorporation by Reference of Trust Indenture Act
	  	 	39	 
	 Section 1.04.
	 	 Rules of Construction
	  	 	40	 
	
	ARTICLE 2	 
	THE SECURITIES	 
			
	 Section 2.01.
	 	 Amount of Securities
	  	 	40	 
	 Section 2.02.
	 	 Form and Dating
	  	 	42	 
	 Section 2.03.
	 	 Execution and Authentication
	  	 	42	 
	 Section 2.04.
	 	 Registrar and Paying Agent
	  	 	43	 
	 Section 2.05.
	 	 Paying Agent to Hold Money in Trust
	  	 	44	 
	 Section 2.06.
	 	 Holder Lists
	  	 	44	 
	 Section 2.07.
	 	 Transfer and Exchange
	  	 	44	 
	 Section 2.08.
	 	 Replacement Securities
	  	 	45	 
	 Section 2.09.
	 	 Outstanding Securities
	  	 	45	 
	 Section 2.10.
	 	 Temporary Securities
	  	 	46	 
	 Section 2.11.
	 	 Cancellation
	  	 	46	 
	 Section 2.12.
	 	 Defaulted Interest
	  	 	46	 
	 Section 2.13.
	 	 CUSIP Numbers, ISINs, etc
	  	 	47	 
	 Section 2.14.
	 	 Calculation of Principal Amount of Securities
	  	 	47	 
	
	ARTICLE 3	 
	REDEMPTION	 
			
	 Section 3.01.
	 	 Redemption
	  	 	47	 
	 Section 3.02.
	 	 Applicability of Article
	  	 	47	 
	 Section 3.03.
	 	 Notices to Trustee
	  	 	47	 
	 Section 3.04.
	 	 Selection of Securities to Be Redeemed
	  	 	48	 
	 Section 3.05.
	 	 Notice of Optional Redemption
	  	 	48	 
	 Section 3.06.
	 	 Effect of Notice of Redemption
	  	 	49	 
	 Section 3.07.
	 	 Deposit of Redemption Price
	  	 	49	 
	 Section 3.08.
	 	 Securities Redeemed in Part
	  	 	50	 
	
	ARTICLE 4	 
	COVENANTS	 
			
	 Section 4.01.
	 	 Payment of Securities
	  	 	50	 
	 Section 4.02.
	 	 Reports and Other Information
	  	 	50	 


  
 i 









							
	 Section 4.03.
	 	 Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred
Stock
	  	 	52	 
	 Section 4.04.
	 	 Limitation on Restricted Payments
	  	 	58	 
	 Section 4.05.
	 	 Dividend and Other Payment Restrictions Affecting Subsidiaries
	  	 	64	 
	 Section 4.06.
	 	 Asset Sales
	  	 	67	 
	 Section 4.07.
	 	 Transactions with Affiliates
	  	 	70	 
	 Section 4.08.
	 	 Change of Control
	  	 	73	 
	 Section 4.09.
	 	 Compliance Certificate
	  	 	75	 
	 Section 4.10.
	 	 Further Instruments and Acts
	  	 	75	 
	 Section 4.11.
	 	 Future Guarantors
	  	 	75	 
	 Section 4.12.
	 	 Liens
	  	 	75	 
	 Section 4.13.
	 	 [Reserved]
	  	 	76	 
	 Section 4.14.
	 	 Maintenance of Office or Agency
	  	 	76	 
	 Section 4.15.
	 	 Covenant Suspension
	  	 	76	 
	
	ARTICLE 5	 
	SUCCESSOR COMPANY	 
			
	 Section 5.01.
	 	 When Company May Merge or Transfer Assets
	  	 	77	 
	
	ARTICLE 6	 
	DEFAULTS AND REMEDIES	 
			
	 Section 6.01.
	 	 Events of Default
	  	 	80	 
	 Section 6.02.
	 	 Acceleration
	  	 	82	 
	 Section 6.03.
	 	 Other Remedies
	  	 	83	 
	 Section 6.04.
	 	 Waiver of Past Defaults
	  	 	83	 
	 Section 6.05.
	 	 Control by Majority
	  	 	83	 
	 Section 6.06.
	 	 Limitation on Suits
	  	 	84	 
	 Section 6.07.
	 	 Rights of the Holders to Receive Payment
	  	 	84	 
	 Section 6.08.
	 	 Collection Suit by Trustee
	  	 	84	 
	 Section 6.09.
	 	 Trustee May File Proofs of Claim
	  	 	84	 
	 Section 6.10.
	 	 Priorities
	  	 	85	 
	 Section 6.11.
	 	 Undertaking for Costs
	  	 	85	 
	 Section 6.12.
	 	 Waiver of Stay or Extension Laws
	  	 	86	 
	
	ARTICLE 7	 
	TRUSTEE	 
			
	 Section 7.01.
	 	 Duties of Trustee
	  	 	86	 
	 Section 7.02.
	 	 Rights of Trustee
	  	 	87	 
	 Section 7.03.
	 	 Individual Rights of Trustee
	  	 	89	 
	 Section 7.04.
	 	 Trustee’s Disclaimer
	  	 	89	 
	 Section 7.05.
	 	 Notice of Defaults
	  	 	90	 
	 Section 7.06.
	 	 Reports by Trustee to the Holders
	  	 	90	 
	 Section 7.07.
	 	 Compensation and Indemnity
	  	 	90	 
	 Section 7.08.
	 	 Replacement of Trustee
	  	 	91	 


  
 ii 









							
	 Section 7.09.
	 	 Successor Trustee by Merger
	  	 	92	 
	 Section 7.10.
	 	 Eligibility; Disqualification
	  	 	93	 
	 Section 7.11.
	 	 Preferential Collection of Claims Against the Issuers
	  	 	93	 
	
	ARTICLE 8	 
	DISCHARGE OF INDENTURE; DEFEASANCE	 
			
	 Section 8.01.
	 	 Discharge of Liability on Securities; Defeasance
	  	 	93	 
	 Section 8.02.
	 	 Conditions to Defeasance
	  	 	94	 
	 Section 8.03.
	 	 Application of Trust Money
	  	 	96	 
	 Section 8.04.
	 	 Repayment to Company
	  	 	96	 
	 Section 8.05.
	 	 Indemnity for Government Obligations
	  	 	96	 
	 Section 8.06.
	 	 Reinstatement
	  	 	96	 
	
	ARTICLE 9	 
	AMENDMENTS AND WAIVERS	 
			
	 Section 9.01.
	 	 Without Consent of the Holders
	  	 	97	 
	 Section 9.02.
	 	 With Consent of the Holders
	  	 	98	 
	 Section 9.03.
	 	 Compliance with Trust Indenture Act
	  	 	99	 
	 Section 9.04.
	 	 Revocation and Effect of Consents and Waivers
	  	 	99	 
	 Section 9.05.
	 	 Notation on or Exchange of Securities
	  	 	99	 
	 Section 9.06.
	 	 Trustee to Sign Amendments
	  	 	99	 
	 Section 9.07.
	 	 [Reserved.]
	  	 	100	 
	 Section 9.08.
	 	 Additional Voting Terms; Calculation of Principal Amount
	  	 	100	 
	
	ARTICLE 10	 
	REXNORD CORPORATION GUARANTEE	 
			
	 Section 10.01.
	 	 Rexnord Corporation Guarantee
	  	 	100	 
	
	ARTICLE 11	 
	GUARANTEES	 
			
	 Section 11.01.
	 	 Guarantees
	  	 	100	 
	 Section 11.02.
	 	 Limitation on Liability
	  	 	102	 
	 Section 11.03.
	 	 Successors and Assigns
	  	 	103	 
	 Section 11.04.
	 	 No Waiver
	  	 	103	 
	 Section 11.05.
	 	 Modification
	  	 	104	 
	 Section 11.06.
	 	 Execution of Supplemental Indenture for Future Guarantors
	  	 	104	 
	 Section 11.07.
	 	 Non-Impairment
	  	 	104	 
	
	ARTICLE 12	 
	[RESERVED]	 


  
 iii 









							
	ARTICLE 13	 
	MISCELLANEOUS	 
			
	 Section 13.01.
	 	 Trust Indenture Act Controls
	  	 	104	 
	 Section 13.02.
	 	 Notices
	  	 	104	 
	 Section 13.03.
	 	 Communication by the Holders with Other Holders
	  	 	105	 
	 Section 13.04.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	105	 
	 Section 13.05.
	 	 Statements Required in Certificate or Opinion
	  	 	106	 
	 Section 13.06.
	 	 When Securities Disregarded
	  	 	106	 
	 Section 13.07.
	 	 Rules by Trustee, Paying Agent and Registrar
	  	 	106	 
	 Section 13.08.
	 	 Legal Holidays
	  	 	106	 
	 Section 13.09.
	 	 GOVERNING LAW; JURY TRIAL WAIVER
	  	 	106	 
	 Section 13.10.
	 	 No Recourse Against Others
	  	 	107	 
	 Section 13.11.
	 	 Successors
	  	 	107	 
	 Section 13.12.
	 	 Multiple Originals
	  	 	107	 
	 Section 13.13.
	 	 Table of Contents; Headings
	  	 	107	 
	 Section 13.14.
	 	 Indenture Controls
	  	 	107	 
	 Section 13.15.
	 	 Severability
	  	 	107	 
	 Section 13.16.
	 	 U.S.A. Patriot Act
	  	 	107	 


  
 iv 









							
	 Appendix A
	 	 	–	 	  	 Provisions Relating to Original Securities and Additional Securities

	
	EXHIBIT INDEX
			
	 Exhibit A
	 	 	–	 	  	 Security

	 Exhibit B
	 	 	–	 	  	 Form of Transferee Letter of Representation

	 Exhibit C
	 	 	–	 	  	 Form of Supplemental Indenture

	 Exhibit D
	 	 	–	 	  	 Form of Parent Guarantee



  
 v 








 CROSS-REFERENCE TABLE 

 
  

 

			
	 TIA Section
	  	Indenture
Section
	 310 (a)(1)
	  	7.10
	 (a)(2)
	  	7.10
	 (a)(3)
	  	N.A.
	 (a)(4)
	  	N.A.
	 (b)
	  	7.08; 7.10
	 (c)
	  	N.A.
	 311 (a)
	  	7.11
	 (b)
	  	7.11
	 (c)
	  	N.A.
	 312 (a)
	  	2.06
	 (b)
	  	13.03
	 (c)
	  	13.03
	 313 (a)
	  	7.06
	 (b)(1)
	  	N.A.
	 (b)(2)
	  	7.06
	 (c)
	  	7.06
	 (d)
	  	7.06
	 314 (a)
	  	4.02; 4.09
	 (b)
	  	N.A.
	 (c)(1)
	  	13.04
	 (c)(2)
	  	13.04
	 (c)(3)
	  	N.A.
	 (d)
	  	N.A.
	 (e)
	  	13.05
	 (f)
	  	4.10
	 315 (a)
	  	7.01
	 (b)
	  	7.05
	 (c)
	  	7.01
	 (d)
	  	7.01
	 (e)
	  	6.11
	 316 (a)(last sentence)
	  	13.06
	 (a)(1)(A)
	  	6.05
	 (a)(1)(B)
	  	6.04
	 (a)(2)
	  	N.A.
	 (b)
	  	6.07
	 317 (a)(1)
	  	6.08
	 (a)(2)
	  	6.09
	 (b)
	  	2.05
	 318 (a)
	  	13.01

 N.A. Means Not Applicable. 

Note: This Cross-Reference Table shall not, for any purposes, be deemed to be part of this Indenture. 

  
 vi 








 INDENTURE dated as of December 7, 2017 among RBS GLOBAL, INC., a Delaware corporation
(“RBS Global” or the “Company”), REXNORD LLC, a Delaware limited liability company (“Rexnord”), the Guarantors (as defined herein), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national
banking association, as trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of the other parties and
for the equal and ratable benefit of the Holders of $500,000,000 aggregate principal amount of the Issuers’ 4.875% Senior Notes due 2025 (the “Original Securities”) issued on the date hereof and (b) any Additional
Securities (as defined herein) that may be issued after the date hereof in the form of Exhibit A (all such securities in clauses (a) and (b) being referred to collectively as the “Securities”). Subject to the conditions and
compliance with the covenants set forth herein, the Issuers may issue an unlimited aggregate principal amount of Additional Securities. 

ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01.    Definitions. 

“Acquired Indebtedness” means, with respect to any specified Person: 

(1)    Indebtedness of any other Person existing at the time such other Person is merged, consolidated or amalgamated with
or into or became a Restricted Subsidiary of such specified Person, and 
 (2)    Indebtedness secured by a Lien
encumbering any asset acquired by such specified Person. 
 “Additional Securities” means additional 4.875% Senior
Notes due 2025 issued under the terms of this Indenture subsequent to the Issue Date. 
 “Affiliate” of any specified
Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For purposes of this definition, “control” (including, with correlative
meanings, the terms “controlling,” “controlled by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of
the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. 

“Agent” means any Registrar, Paying Agent, authenticating agent, or Securities Custodian. 

“Applicable Premium” means, with respect to any Security on any applicable redemption date, the greater of: 

(1)    1.0% of the then outstanding principal amount of the Security; and 







 (2)    the excess of: 

(a)    the present value at such redemption date of (i) the redemption price of the Security, at
December 15, 2020 as set forth in Paragraph 5 of the applicable Security plus (ii) all required interest payments due on such Security through December 15, 2020 (excluding accrued but unpaid interest), computed using a discount rate
equal to the Treasury Rate as of such redemption date plus 50 basis points; over 
 (b)    the then
outstanding principal amount of the Security. 
 “Applicable Procedures” means, with respect to any matter at any
time relating to a Global Security, the rules, policies and procedures of the Depositary applicable to such matter. 
 “Asset
Sale” means: 
 (1)    the sale, conveyance, transfer or other disposition (whether in a single transaction
or a series of related transactions) of property or assets (including by way of a Sale/Leaseback Transaction) outside the ordinary course of business of the Company or any Restricted Subsidiary of the Company (each referred to in this definition as
a “disposition”) or 
 (2)    the issuance or sale of Equity Interests (other than directors’
qualifying shares and shares issued to foreign nationals or other third parties to the extent required by applicable law) of any Restricted Subsidiary (other than to the Company or another Restricted Subsidiary of the Company) (whether in a single
transaction or a series of related transactions), 
 in each case other than: 

(a)    a disposition of Cash Equivalents or Investment Grade Securities or obsolete, damaged or worn out property or
equipment in the ordinary course of business; 
 (b)    the disposition of all or substantially all of the assets of the
Company in a manner permitted pursuant to Section 5.01 or any disposition that constitutes a Change of Control; 

(c)    any Restricted Payment or Permitted Investment that is permitted to be made, and is made, under Section 4.04; 

(d)    any disposition of assets or issuance or sale of Equity Interests of an Issuer or any Restricted Subsidiary, which
assets or Equity Interests so disposed or issued have an aggregate Fair Market Value (as determined in good faith by the Company) of (1) less than $10.0 million and (2) which together with other dispositions made pursuant to this
clause (d)(2) since the Issue Date, do not exceed the greater of (x) $75.0 million and (y) 3.0% of Total Assets at the time of such disposition; 

  
 2 








 (e)    any disposition of property or assets, or the issuance of securities,
by a Restricted Subsidiary of the Company to the Company or by the Company or a Restricted Subsidiary of the Company to a Restricted Subsidiary of the Company; 

(f)    any exchange of assets (including a combination of assets and Cash Equivalents) for assets related to a Similar
Business of comparable or greater market value or usefulness to the business of the Company and its Restricted Subsidiaries as a whole, as determined in good faith by the Issuers, which in the event of an exchange of assets with a Fair Market Value
in excess of (A) $7.5 million shall be evidenced by an Officer’s Certificate, and (B) $15.0 million shall be set forth in a resolution approved in good faith by at least a majority of the Board of Directors of the Company; 

(g)    foreclosure on assets of the Company or any of its Restricted Subsidiaries; 

(h)    any sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary; 

(i)    the lease, assignment or sublease of any real or personal property in the ordinary course of business; 

(j)    any sale of inventory or other assets in the ordinary course of business; 

(k)    any grant in the ordinary course of business of any license of patents, trademarks,
know-how or any other intellectual property; 
 (l)    a transfer of accounts
receivable and related assets of the type specified in the definition of “Receivables Financing” (or a fractional undivided interest therein) by a Receivables Subsidiary in a Qualified Receivables Financing; 

(m)    the sale of any property in a Sale/Leaseback Transaction within six months of the acquisition of such property;

 (n)    in the ordinary course of business, any swap of assets, or lease, assignment or sublease of any real or
personal property, in exchange for services (including in connection with any outsourcing arrangements) of comparable or greater value or usefulness to the business of the Company and its Restricted Subsidiaries taken as a whole, as determined in
good faith by the Company; 
 (o)    any financing transaction with respect to property built or acquired by the Company
or any of its Restricted Subsidiaries after the Issue Date, including any Sale/Leaseback Transaction or asset securitization permitted by this Indenture; 

(p)    dispositions consisting of Permitted Liens; 

(q)    any disposition of Capital Stock of a Restricted Subsidiary pursuant to an agreement or other obligation with or to
a Person (other than the Company or a Restricted Subsidiary of the Company) from whom such Restricted Subsidiary was acquired or from whom such Restricted Subsidiary acquired its business and assets (having been newly formed in connection with such
acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition; 

  
 3 








 (r)    dispositions of receivables in connection with the compromise,
settlement or collection thereof in the ordinary course of business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; and 

(s)    any surrender or waiver of contract rights or the settlement, release, recovery on or surrender of contract, tort
or other claims of any kind. 
 “Bank Indebtedness” means any and all amounts payable under or in respect of the
Credit Agreement and the other Credit Agreement Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after termination of the Credit Agreement),
including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to either of the Issuers whether or not a claim for post-filing interest is allowed in
such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof. 

“Board of Directors” means, as to any Person, the board of directors or managers, as applicable, of such Person
(or, if such Person is a partnership, the board of directors or other governing body of the general partner of such Person) or any duly authorized committee thereof. 

“Business Day” means a day other than a Saturday, Sunday or other day on which banking institutions are authorized or
required by law to close in New York City or the city in which the Trustee’s corporate trust office is located. 
 “Capital
Stock” means: 
 (1)    in the case of a corporation, corporate stock or shares; 

(2)    in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3)    in the case of a partnership or limited liability
company, partnership or membership interests (whether general or limited); and 
 (4)    any other interest or
participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the
liability in respect of a capital lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP; provided that notwithstanding any change in
GAAP, any lease that would have been permitted to be accounted for as an operating lease on the Issue Date, whether or not in effect on the Issue Date, will be treated as an operating lease for all purposes under this Indenture. 

  
 4 








 “Cash Equivalents” means: 

(1)    U.S. Dollars, pounds sterling, euros, the national currency of any member state in the European Union or, in the
case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course of business; 

(2)    securities issued or directly and fully guaranteed or insured by the U.S. government or any country that is a
member of the European Union or any agency or instrumentality thereof, in each case maturing not more than two years from the date of acquisition; 

(3)    certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the
date of acquisition, bankers’ acceptances, in each case with maturities not exceeding one year and overnight bank deposits, in each case with any commercial bank having capital and surplus in excess of $250.0 million and whose long-term
debt is rated “A” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency); 

(4)    repurchase obligations for underlying securities of the types described in clauses (2) and (3) above entered
into with any financial institution meeting the qualifications specified in (3) above; 
 (5)    commercial paper
issued by a corporation (other than an Affiliate of the Company) rated at least “A-1” or the equivalent thereof by Moody’s or S&P (or reasonably equivalent ratings of another
internationally recognized ratings agency), and in each case maturing within one year after the date of acquisition; 

(6)    readily marketable direct obligations issued by any state of the United States of America or any political
subdivision thereof having one of the two highest rating categories obtainable from either Moody’s or S&P (or reasonably equivalent ratings of another internationally recognized ratings agency), in each case with maturities not exceeding
two years from the date of acquisition; 
 (7)    Indebtedness issued by Persons with a rating of “A”
or higher from S&P or “A-2” or higher from Moody’s (or reasonably equivalent ratings of another internationally recognized rating organization), in each case with maturities not
exceeding two years from the date of acquisition; 
 (8)    money market funds that (i) comply with the criteria
set forth in Rule 2a 7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; 

(9)    time deposit accounts, certificates of deposit and money market deposits in an aggregate face amount not in excess
of 0.5% of the total assets of RBS Global and its Restricted Subsidiaries, on a consolidated basis, as of the end of RBS Global’s most recently completed fiscal year; 

  
 5 








 (10)    investment funds investing at least 95% of their assets in securities
of the types described in clauses (1) through (9) above; and 
 (11) instruments equivalent to those referred to in clauses
(1) through (10) above denominated in any foreign currency comparable in credit quality and tenor to those referred to above and commonly used by corporations for cash management purposes in any jurisdiction outside the United States of America
to the extent reasonably required in connection with any business conducted by any Subsidiary organized in such jurisdiction. 

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

(i)    the sale, lease or transfer, in one or a series of related transactions, of all or substantially all
the assets of the Company and its Subsidiaries, taken as a whole, to a Person other than any Permitted Parent; or 

(ii)    the Issuers become aware (by way of a report or any other filing pursuant to Section 13(d) of
the Exchange Act, proxy, vote, written notice or otherwise) of the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), including any group acting
for the purpose of acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than any Permitted Parent, in a single transaction or in a related series
of transactions, by way of merger, consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), of more
than 50% of the total voting power of the Voting Stock of the Company or any direct or indirect parent of the Company. 
 Notwithstanding
the foregoing, a transaction will not be deemed to involve a Change of Control if (1) RBS Global becomes a direct or indirect Subsidiary of a holding company and (2) no Person (other than a holding company) owns, directly or indirectly,
more than 50% of the total voting power of the Voting Stock of such holding company. 
 “Code” means the Internal Revenue
Code of 1986, as amended. 
 “Company” means the party named as such in the Preamble to this Indenture until a successor
replaces it and, thereafter, means the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the Securities. 

“Consolidated Interest Expense” means, with respect to any Person for any period, the sum, without duplication,
of: 
 (1)    consolidated interest expense of such Person and its Restricted Subsidiaries for such period, to the
extent such expense was deducted in computing Consolidated Net Income (including amortization of original issue discount, the interest 

  
 6 








 
component of Capitalized Lease Obligations, and net payments and receipts (if any) pursuant to interest rate Hedging Obligations and excluding amortization of deferred financing fees, debt
issuance costs, commissions, fees and expenses and expensing of any bridge, commitment or other financing fees); plus 

(2)    consolidated capitalized interest of such Person and its Restricted Subsidiaries for such period, whether paid or
accrued; plus 
 (3)    commissions, discounts, yield and other fees and charges Incurred in connection with any
Receivables Financing which are payable to Persons other than the Company and its Restricted Subsidiaries; minus 

(4)    interest income for such period. 

For purposes of this definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably
determined by the Company to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any Person for any period, the aggregate of the Net Income of
such Person and its Restricted Subsidiaries for such period, on a consolidated basis; provided, however, that: 

(1)    any net after-tax extraordinary, nonrecurring or unusual gains or losses
(less all fees and expenses relating thereto) or expenses or charges, any severance, relocation or other restructuring expenses, any expenses related to any New Project, curtailments or modifications to pension and post-retirement employee benefit
plans, any expenses related to any reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternate uses and fees, expenses or charges relating to facilities closing costs, acquisition integration costs, facilities
opening costs, project start-up costs, business optimization costs, signing, retention or completion bonuses, expenses or charges related to any issuance of Equity Interests, Investment, acquisition,
disposition, recapitalization or issuance, repayment, refinancing, amendment or modification of Indebtedness (in each case, whether or not successful), in each case, shall be excluded; 

(2)    effects of purchase accounting adjustments (including the effects of such adjustments pushed down to such Person
and such Subsidiaries) in amounts required or permitted by GAAP, resulting from the application of purchase accounting in relation to any consummated acquisition or the amortization or write-off of any amounts
thereof, net of taxes, shall be excluded; 
 (3)    the Net Income for such period shall not include the cumulative
effect of a change in accounting principles during such period; 
 (4)    any net
after-tax income or loss from disposed, abandoned, transferred, closed or discontinued operations and any net after-tax gains or losses on disposal of disposed,
abandoned, transferred, closed or discontinued operations shall be excluded; 

  
 7 








 (5)    any net after-tax gains or
losses (less all fees and expenses or charges relating thereto) attributable to business dispositions or asset dispositions other than in the ordinary course of business (as determined in good faith by the Company) shall be excluded; 

(6)    any net after-tax gains or losses (less all fees and expenses or charges
relating thereto) attributable to the early extinguishment of indebtedness, Hedging Obligations or other derivative instruments shall be excluded; 

(7)    the Net Income for such period of any Person that is not a Subsidiary of such Person, or is an Unrestricted
Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into cash) to the referent Person or
a Restricted Subsidiary thereof in respect of such period; 
 (8)    solely for the purpose of determining the amount
available for Restricted Payments under (1) of the definition of Cumulative Credit, the Net Income for such period of any Restricted Subsidiary (other than any Guarantor) shall be excluded to the extent that the declaration or payment of
dividends or similar distributions by such Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of
the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restrictions with respect to the payment of dividends
or similar distributions have been legally waived; provided that the Consolidated Net Income of such Person shall be increased by the amount of dividends or other distributions or other payments actually paid in cash (or converted into cash)
by any such Restricted Subsidiary to such Person, to the extent not already included therein; 
 (9)    an amount equal
to the amount of Tax Distributions actually made to any parent or equity holder of such Person in respect of such period in accordance with Section 4.04(b)(xii) shall be included as though such amounts had been paid as income taxes directly by such
Person for such period; 
 (10)    any impairment charges or asset write-offs, in each case pursuant to GAAP, and the
amortization of intangibles arising pursuant to GAAP shall be excluded; 
 (11)    any
non-cash expense realized or resulting from stock option plans, employee benefit plans or post-employment benefit plans, or grants or sales of stock, stock appreciation or similar rights, stock options,
restricted stock, preferred stock or other rights shall be excluded; 
 (12)    any
(a) one-time non-cash compensation charges, (b) the costs and expenses after the Issue Date related to employment of terminated employees, or (c) costs or
expenses realized in connection with or resulting from stock appreciation or similar rights, stock options or other rights existing on the Issue Date of officers, directors and employees, in each case of such Person or any of its Restricted
Subsidiaries, shall be excluded; 

  
 8 








 (13)    accruals and reserves that are established or adjusted within 12
months after the Issue Date and that are so required to be established or adjusted in accordance with GAAP or as a result of adoption or modification or accounting policies shall be excluded; 

(14)    solely for purposes of calculating EBITDA, (a) the Net Income of any Person and its Restricted Subsidiaries
shall be calculated without deducting the income attributable to, or adding the losses attributable to, the minority equity interests of third parties in any non-wholly-owned Restricted Subsidiary except to
the extent of dividends declared or paid in respect of such period or any prior period on the shares of Capital Stock of such Restricted Subsidiary held by such third parties and (b) any ordinary course dividend, distribution or other payment
paid in cash and received from any Person in excess of amounts included in (7) above shall be included; 

(15)    (a) (i) the non-cash portion of “straight-line” rent
expense shall be excluded and (ii) the cash portion of “straight-line” rent expense which exceeds the amount expensed in respect of such rent expense shall be included and
(b) non-cash gains, losses, income and expenses resulting from fair value accounting required by the applicable standard under GAAP and related interpretations shall be excluded; 

(16)    any currency translation gains and losses related to currency remeasurements of Indebtedness, and any net loss or
gain resulting from hedging transactions for currency exchange risk, shall be excluded; 
 (17)    solely for the
purpose of calculating Restricted Payments, the difference, if positive, of the Consolidated Taxes of the Company calculated in accordance with GAAP and the actual Consolidated Taxes paid in cash by the Company during any Reference Period shall be
included; and 
 (18)    to the extent covered by insurance and actually reimbursed, or, so long as such Person has made
a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is (a) not denied by the applicable carrier in writing within 180 days and (b) in fact
reimbursed within 365 days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days), such loss or expense amounts as are so reimbursed, or reimbursable, by insurance providers in
respect of liability or casualty events or business interruption shall be excluded. 
 Notwithstanding the foregoing, for the purpose of
Section 4.04 only, there shall be excluded from Consolidated Net Income any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries of the Company or a Restricted Subsidiary of the Company to the extent
such dividends, repayments or transfers increase the amount of Restricted Payments permitted under clauses (D), (E) and (F) of the definition of “Cumulative Credit” contained therein. 

  
 9 








 “Consolidated Non-cash
Charges” means, with respect to any Person for any period, the aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated
Net Income of such Person for such period on a consolidated basis and otherwise determined in accordance with GAAP, but excluding any such charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any
future period. 
 “Consolidated Taxes” means, with respect to any Person for any period, the provision for taxes
based on income, profits or capital, including, without limitation, state, franchise, property and similar taxes, foreign withholding taxes (including penalties and interest related to such taxes or arising from tax examinations) and any Tax
Distributions taken into account in calculating Consolidated Net Income. 
 “Contingent Obligations” means, with
respect to any Person, any obligation of such Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, including, without limitation, any obligation of such Person, whether or not contingent: 

(1)    to purchase any such primary obligation or any property constituting direct or indirect security therefor, 

(2)    to advance or supply funds: 

(a)    for the purchase or payment of any such primary obligation; or 

(b)    to maintain working capital or equity capital of the primary obligor or otherwise to maintain the
net worth or solvency of the primary obligor; or 
 (3)    to purchase property, securities or services primarily for
the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust
business in respect of this Indenture shall be administered and which at the date hereof is located at 600 South Fourth Street, Sixth Floor, N9300-060Minneapolis, MN 55415, Attn: Corporate, Municipal and Escrow Services, and for Agent services such
office shall also mean the office or agency of the Trustee located at Corporate Trust Operations, MAC N9300-070, 600 South Fourth Street, Seventh Floor, Minneapolis, MN 55415. 

“Credit Agreement” means (i) the Third Amended and Restated First Lien Credit Agreement, dated as of
August 21, 2013, as amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refunded, refinanced or otherwise modified from time to time,
including any agreement or indenture extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or
replacement 

  
 10 








 
agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof, among the Issuers, the guarantors named therein, the
financial institutions named therein, and Credit Suisse AG, as Administrative Agent, and (ii) whether or not the credit agreement referred to in (i) remains outstanding, if designated by the Company to be included in the definition of
“Credit Agreement,” one or more (A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to
special purpose entities formed to borrow from lenders against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments or bank guarantees
or bankers’ acceptances) or (C) instruments or agreements evidencing any other Indebtedness, in each case, with the same or different borrowers or issuers and, in each case, as amended, supplemented, modified, extended, restructured,
renewed, refinanced, restated, replaced or refunded in whole or in part from time to time. 
 “Credit Agreement
Documents” means the collective reference to the Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded,
replaced, restructured, repaid, refinanced or otherwise modified from time to time. 
 “Cumulative Credit” means the
sum of (without duplication): 
 (A)    50% of the Consolidated Net Income of the Company for the period (taken as one
accounting period, the “Reference Period”) from October 1, 2017 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted
Payment (or, in the case such Consolidated Net Income for such period is a deficit, minus 100% of such deficit), plus 

(B)    100% of the aggregate net proceeds, including cash and the Fair Market Value (as determined in accordance with the
next succeeding sentence) of property other than cash, received by the Company after the Issue Date from the issue or sale of Equity Interests of the Company (excluding Refunding Capital Stock, Designated Preferred Stock, Excluded Contributions and
Disqualified Stock), including Equity Interests issued upon conversion of Indebtedness or Disqualified Stock or upon exercise of warrants or options (other than an issuance or sale to a Restricted Subsidiary of the Company or an employee stock
ownership plan or trust established by the Company or any of its Subsidiaries), plus 
 (C)    100% of the
aggregate amount of contributions to the capital of the Company received in cash and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash after the Issue Date (other than Excluded
Contributions, Refunding Capital Stock, Designated Preferred Stock and Disqualified Stock), plus 
 (D)    the
principal amount of any Indebtedness, or the liquidation preference or maximum fixed repurchase price, as the case may be, of any Disqualified Stock of the 

  
 11 








 
Company or any Restricted Subsidiary thereof issued after the Issue Date (other than Indebtedness or Disqualified Stock issued to a Restricted Subsidiary) which has been converted into or
exchanged for Equity Interests in the Company (other than Disqualified Stock) or any direct or indirect parent of the Company (provided in the case of any such parent, such Indebtedness or Disqualified Stock is retired or extinguished), plus

 (E)    100% of the aggregate amount received by the Company or any Restricted Subsidiary in cash and the Fair Market
Value (as determined in accordance with the next succeeding sentence) of property other than cash received by the Company or any Restricted Subsidiary from: 

(I)    the sale or other disposition (other than to the Company or a Restricted Subsidiary of the Company)
of Restricted Investments made by the Company and its Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from the Company and its Restricted Subsidiaries by any Person (other than the Company or any of its
Restricted Subsidiaries) and from repayments of loans or advances which constituted Restricted Investments (other than in each case to the extent that the Restricted Investment was made pursuant to (vii) or (x) of Section 4.04(b)), 

(II)    the sale (other than to the Company or a Restricted Subsidiary of the Company) of the Capital Stock
of an Unrestricted Subsidiary, or 
 (III)    a distribution or dividend from an Unrestricted Subsidiary,
plus 
 (F)    in the event any Unrestricted Subsidiary of the Company has been redesignated as a Restricted
Subsidiary or has been merged, consolidated or amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company, the Fair Market Value (as determined in accordance with the
next succeeding sentence) of the Investment of the Company or a Restricted Subsidiary in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), after taking
into account any Indebtedness associated with the Unrestricted Subsidiary so designated or combined or any Indebtedness associated with the assets so transferred or conveyed (other than in each case to the extent that the designation of such
Subsidiary as an Unrestricted Subsidiary was made pursuant to (vii) or (x) of Section 4.04(b) or constituted a Permitted Investment). 
 The Fair
Market Value of property other than cash covered by clauses (B), (C), (D), (E) and (F) of this definition of “Cumulative Credit” shall be determined in good faith by the Company and 

(x)    in the event of property with a Fair Market Value in excess of $10.0 million, shall be set forth in an
Officer’s Certificate, or 
 (y)    in the event of property with a Fair Market Value in excess of
$20.0 million, shall be set forth in a resolution approved by at least a majority of the Board of Directors of the Company. 

  
 12 








 “Default” means any event which is, or after notice or passage of time or both
would be, an Event of Default. 
 “Designated Non-cash Consideration”
means the Fair Market Value (as determined in good faith by the Company) of non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is so
designated as Designated Non-cash Consideration pursuant to an Officer’s Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in connection with a
subsequent sale of such Designated Non-cash Consideration. 
 “Designated
Preferred Stock” means Preferred Stock of the Company or any direct or indirect parent of the Company, as applicable (other than Disqualified Stock), that is issued for cash (other than to the Company or any of its Subsidiaries or
an employee stock ownership plan or trust established by the Company or any of its Subsidiaries) and is so designated as Designated Preferred Stock, pursuant to an Officer’s Certificate, on the issuance date thereof. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms (or by
the terms of any security into which it is convertible or for which it is redeemable or exchangeable), or upon the happening of any event: 

(1)    matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of
a change of control or asset sale; provided that the relevant asset sale or change of control provisions, taken as a whole, are no more favorable in any material respect to holders of such Capital Stock than the asset sale and change of
control provisions applicable to the Securities and any purchase requirement triggered thereby may not become operative until compliance with the asset sale and change of control provisions applicable to the Securities (including the purchase of any
Securities tendered pursuant thereto)), 
 (2)    is convertible or exchangeable for Indebtedness or Disqualified Stock
of such Person, or 
 (3)    is redeemable at the option of the holder thereof, in whole or in part (other than solely
as a result of a change of control or asset sale), 
 in each case prior to 91 days after the earlier of the maturity date of the Securities or the date the
Securities are no longer outstanding; provided, however, that only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof
prior to such date shall be deemed to be Disqualified Stock; provided, further, however, that if such Capital Stock is issued to any employee or to any plan for the benefit of employees of the Company or its Subsidiaries or by
any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock solely because it may be required to be repurchased by the Company in order to satisfy applicable statutory or regulatory obligations or as a result of such
employee’s termination, death or disability; provided, 

  
 13 








 
further, that any class of Capital Stock of such Person that by its terms authorizes such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified
Stock shall not be deemed to be Disqualified Stock. 
 “Domestic Subsidiary” means a Restricted Subsidiary that is
not a Foreign Subsidiary. 
 “EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such
Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: 

(1)    Consolidated Taxes; plus 

(2)    Consolidated Interest Expense plus all cash dividend payments (excluding items eliminated in consolidation) on a
series of Preferred Stock or Disqualified Stock of such Person and its Subsidiaries that are Restricted Subsidiaries; plus 

(3)    Consolidated Non-cash Charges; plus 

(4)    any expenses or charges related to any issuance of Equity Interests, Investment, acquisition, disposition,
recapitalization or the incurrence or repayment of Indebtedness permitted to be incurred by this Indenture (including a refinancing thereof) (whether or not successful), including (i) such fees, expenses or charges related to the offering of
the Securities and the Bank Indebtedness, (ii) any amendment or other modification of the Securities or other Indebtedness, and (iii) commissions, discounts, yield and other fees and charges (including any interest expense) related to any
Qualified Receivables Financing; plus 
 (5)    business optimization expenses and other restructuring charges,
reserves or expenses (which, for the avoidance of doubt, shall include, without limitation, the effect of inventory optimization programs, facility closures, facility consolidations, retention, systems establishment costs, contract termination
costs, future lease commitments and excess pension charges); plus 
 (6)    the amount of loss on sale of
receivables and related assets to a Receivables Subsidiary in connection with a Qualified Receivables Financing; plus 

(7)    any costs or expenses incurred pursuant to any management equity plan or stock option plan or any other management
or employee benefit plan or agreement or any stock subscription or shareholder agreement, to the extent that such costs or expenses are funded with cash proceeds contributed to the capital of an Issuer or a Guarantor or net cash proceeds of an
issuance of Equity Interests of the Company (other than Disqualified Stock) solely to the extent that such net cash proceeds are excluded from the calculation of the Cumulative Credit; plus 

(8)    Pre-Opening Expenses; plus 

  
 14 








 (9)    the amount of any loss attributable to a New Project, until the date
that is 12 months after the date of completing the construction, acquisition, assembling or creation of such New Project, as the case may be; provided, that (A) such losses are reasonably identifiable and factually supportable and certified by
an Officer of the Issuers and (B) losses attributable to such New Project after 12 months from the date of completing such construction, acquisition, assembling or creation, as the case may be, shall not be included in this clause (9); 

less, without duplication, 
 (10)    non-cash items increasing Consolidated Net Income for such period (excluding the recognition of deferred revenue or any items which represent the reversal of any accrual of, or cash
reserve for, anticipated cash charges that reduced EBITDA in any prior period and any items for which cash was received in a prior period). 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but
excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering”
means any public or private sale after the Issue Date of common stock or Preferred Stock of the Company or any direct or indirect parent of the Company, as applicable (other than Disqualified Stock), other than: 

(1)    public offerings with respect to the Company’s or such direct or indirect parent’s common stock
registered on Form S-4 or S-8; 

(2)    any issuance to an Issuer or any of its Restricted Subsidiaries; and 

(3)    any such public or private sale that constitutes an Excluded Contribution. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder. 
 “Excluded Contributions” means the Cash Equivalents or other assets (valued at their Fair
Market Value as determined in good faith by senior management or the Board of Directors of the Company) received by the Company after the Issue Date from: 

(1)    contributions to its common equity capital, and 

(2)    the sale (other than to a Subsidiary of the Company or to any Subsidiary management equity plan or stock option
plan or any other management or employee benefit plan or agreement) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of the Company, in each case designated as Excluded Contributions pursuant to an Officer’s
Certificate executed by an Officer of the Company on or after the date such capital contributions are made or the date such Capital Stock is sold, as the case may be. 

  
 15 








 “Fair Market Value” means, with respect to any asset or property,
the price which could be negotiated in an arm’s-length transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the
transaction. 
 “Fixed Charge Coverage Ratio” means, with respect to any Person for any period, the
ratio of EBITDA of such Person for such period to the Fixed Charges of such Person for such period. In the event that the Company or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems any Indebtedness (other than in the case
of revolving credit borrowings or revolving advances under any Qualified Receivables Financing, in which case interest expense shall be computed based upon the average daily balance of such Indebtedness during the applicable period) or issues,
repurchases or redeems Disqualified Stock or Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed Charge Coverage
Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or
redemption of Disqualified Stock or Preferred Stock, as if the same had occurred at the beginning of the applicable four-quarter period. 

For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and
discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Company or any of its Restricted Subsidiaries has determined to make and/or made
during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions,
mergers, amalgamations, consolidations, discontinued operations and operational changes (and the change of any associated fixed charge obligations and the change in EBITDA resulting therefrom) had occurred on the first day of the four-quarter
reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of such period shall have made any
Investment, acquisition, disposition, merger, amalgamation, consolidation, discontinued operation or operational change, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition,
then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger, amalgamation, consolidation or operational change had occurred
at the beginning of the applicable four-quarter period. For purposes of making the computation referred to above, with respect to each New Project that commences operations and records not less than one full fiscal quarter’s operations during
the four-quarter reference period, the operating results of such New Project will be annualized on a seasonally adjusted basis during such period. If since the beginning of such period any Restricted Subsidiary is designated an Unrestricted
Subsidiary or any Unrestricted Subsidiary is designated a Restricted Subsidiary, then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect thereto for such period as if such designation had occurred at the beginning of the
applicable four-quarter period 

  
 16 








 For purposes of this definition, whenever pro forma effect is to be given to any event, the pro
forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Issuers as set
forth in an Officer’s Certificate, to reflect (1) operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable event, and (2) all adjustments of the nature used in
connection with the calculation of “Adjusted EBITDA” as set forth in footnote 6 to the “Summary Financial Data” in the Offering Circular to the extent such adjustments, without duplication,
continue to be applicable to such four-quarter period. 
 If any Indebtedness bears a floating rate of interest and is being given pro forma
effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if such
Hedging Obligation has a remaining term in excess of 12 months). Interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Company to be the
rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be
computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank
offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Issuers may designate. 

For purposes of this definition, any amount in a currency other than U.S. dollars will be converted to U.S. dollars based on the average
exchange rate for such currency for the most recent four quarter period immediately prior to the date of determination in a manner consistent with that used in calculating EBITDA for the applicable period. 

“Fixed Charges” means, with respect to any Person for any period, the sum, without duplication, of: 

(1)    Consolidated Interest Expense of such Person for such period, and 

(2)    all cash dividend payments (excluding items eliminated in consolidation) on any series of Preferred Stock or
Disqualified Stock of such Person and its Restricted Subsidiaries. 
 “Foreign Subsidiary” means a Restricted
Subsidiary not organized or existing under the laws of the United States of America or any state thereof or the District of Columbia and any direct or indirect subsidiary of such Restricted Subsidiary and any direct or indirect subsidiary of such
Restricted Subsidiary. 

  
 17 








 “GAAP” means generally accepted accounting principles in the United States set
forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such
other entity as have been approved by a significant segment of the accounting profession, which are in effect on the Issue Date. For the purposes of this Indenture, the term “consolidated” with respect to any Person shall mean such
Person consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary will be accounted for as an Investment. 

“Guarantee” means any guarantee of the obligations of the Issuers under this Indenture and the Securities by any Person in
accordance with the provisions of this Indenture. 
 “guarantee” means a guarantee (other than by endorsement of negotiable
instruments for collection in the ordinary course of business), direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other
obligations. 
 “Guarantor” means any Person that Incurs a Guarantee; provided that upon the release or discharge of
such Person from its Guarantee in accordance with this Indenture, such Person ceases to be a Guarantor; provided further that Rexnord Corporation shall not be included in the term “Guarantor.” 

“Hedging Obligations” means, with respect to any Person, the obligations of such Person under: 

(1)    currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap
agreements and currency exchange, interest rate or commodity collar agreements; and 
 (2)    other agreements or
arrangements designed to protect such Person against fluctuations in currency exchange, interest rates or commodity prices. 

“Holder” or “Noteholder” means the Person in whose name a Security is registered on the Registrar’s
books. 
 “Incur” means issue, assume, guarantee, incur or otherwise become liable for; provided, however,
that any Indebtedness or Capital Stock of a Person existing at the time such person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Person at the time it becomes
a Subsidiary. 

  
 18 








 “Indebtedness” means, with respect to any Person: 

(1)    the principal and premium (if any) of any indebtedness of such Person, whether or not contingent, (a) in
respect of borrowed money, (b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect thereof), (c) representing the deferred
and unpaid purchase price of any property, except any such balance that (i) constitutes a trade payable or similar obligation to a trade creditor Incurred in the ordinary course of business, (ii) any
earn-out obligations until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (iii) liabilities accrued in the ordinary course of business, which purchase
price is due more than six months after the date of placing the property in service or taking delivery and title thereto, (d) in respect of Capitalized Lease Obligations, or (e) representing any Hedging Obligations, if and to the extent
that any of the foregoing indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP; 

(2)    to the extent not otherwise included, any obligation of such Person to be liable for, or to pay, as obligor,
guarantor or otherwise, on the Indebtedness of another Person (other than by endorsement of negotiable instruments for collection in the ordinary course of business); and 

(3)    to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by such
Person (whether or not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser of: (a) the Fair Market Value (as determined in good faith by the Company) of such
asset at such date of determination, and (b) the amount of such Indebtedness of such other Person; 
 provided, however, that
notwithstanding the foregoing, Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the ordinary course of business and not in respect of borrowed money; (2) deferred or prepaid revenues; (3) purchase
price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller or (4) Obligations under or in respect of Qualified Receivables Financing. 

Notwithstanding anything in this Indenture to the contrary, Indebtedness shall not include, and shall be calculated without giving effect to,
the effects of Accounting Standards Codification section 815 and related interpretations to the extent such effects would otherwise increase or decrease an amount of Indebtedness for any purpose under this Indenture as a result of accounting for any
embedded derivatives created by the terms of such Indebtedness; and any such amounts that would have constituted Indebtedness under this Indenture but for the application of this sentence shall not be deemed an Incurrence of Indebtedness under this
Indenture. 
 “Indenture” means this Indenture as amended or supplemented from time to time. 

“Independent Financial Advisor” means an accounting, appraisal or investment banking firm or consultant, in
each case of nationally recognized standing, that is, in the good faith determination of the Company, qualified to perform the task for which it has been engaged. 

  
 19 








 “Investment Grade Rating” means a rating equal to or higher than
Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency. 

“Investment Grade Securities” means: 

(1)    securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or
instrumentality thereof (other than Cash Equivalents), 
 (2)    securities that have a rating equal to or higher than
Baa3 (or equivalent) by Moody’s or BBB- (or equivalent) by S&P, or an equivalent rating by any other Rating Agency, but excluding any debt securities or loans or advances between and among the Company
and its Subsidiaries; 
 (3)    investments in any fund that invests exclusively in investments of the type described in
clauses(1) and (2) which fund may also hold immaterial amounts of cash pending investment and/or distribution, and 

(4)    corresponding instruments in countries other than the United States customarily utilized for high quality
investments and in each case with maturities not exceeding two years from the date of acquisition. 
 “Investments” means,
with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit and advances to customers
and commission, travel and similar advances to officers, employees and consultants made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other
Person and investments that are required by GAAP to be classified on the balance sheet of the Company in the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other
property. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.04: 

(1)    “Investments” shall include the portion (proportionate to the Company’s equity interest in
such Subsidiary) of the Fair Market Value (as determined in good faith by the Company) of the net assets of a Subsidiary of the Company at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however, that
upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary equal to an amount (if positive) equal to: 

(a)    the Company’s “Investment” in such Subsidiary at the time of such
redesignation less 

  
 20 








 (b)    the portion (proportionate to the Company’s
equity interest in such Subsidiary) of the Fair Market Value (as determined in good faith by the Company) of the net assets of such Subsidiary at the time of such redesignation; and 

(2)    any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value (as
determined in good faith by the Company) at the time of such transfer, in each case as determined in good faith by the Board of Directors of the Company. 

“Issue Date” means December 7, 2017. 

“Issuer” or “Issuers” means RBS Global and Rexnord but not any of their respective Subsidiaries. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in
respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a
security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction); provided that in no event shall an operating lease be deemed to constitute a
Lien. 
 “Moody’s” means Moody’s Investors Service, Inc. or any successor to the rating agency business thereof.

 “Net Income” means, with respect to any Person, the net income (loss) of such Person and its Subsidiaries,
determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 
 “Net
Proceeds” means the aggregate cash proceeds received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received in respect of or upon the sale or other disposition
of any Designated Non-cash Consideration received in any Asset Sale and any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as
and when received, but excluding the assumption by the acquiring person of Indebtedness relating to the disposed assets or other consideration received in any other non-cash form), net of the direct costs
relating, to such Asset Sale and the sale or disposition of such Designated Non-cash Consideration (including, without limitation, legal, accounting and investment banking fees, and brokerage and sales
commissions), and any relocation expenses Incurred as a result thereof, taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax sharing arrangements to the extent related thereto),
amounts required to be applied to the repayment of principal, premium (if any) and interest on Indebtedness required (other than pursuant to Section 4.06(b)(i)) to be paid as a result of such transaction, and any deduction of appropriate amounts to
be provided by the 

  
 21 








 
Company as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by the Company after such sale or other disposition
thereof, including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction. 

“New Project” means (x) plant, facility or branch which is either a new plant, facility or branch or an expansion
of an existing plant, facility or branch owned by the Issuers or the Subsidiaries which in fact commences operations and (y) each creation (in one or a series of related transactions) of a business unit to the extent such business unit
commences operations or each expansion (in one or a series of related transactions) of business into a new market. 

“Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements (including, without
limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation governing any Indebtedness; provided that Obligations with respect to the
Securities shall not include fees or indemnifications in favor of the Trustee and other third parties other than the Holders of the Securities. 

“Offering Circular” means the offering circular, dated as of November 30, 2017, relating to the offering of the
Original Securities. 
 “Officer” means the Chairman of the Board, Chief Executive Officer, Chief Financial Officer,
President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of the Company. 

“Officer’s Certificate” means a certificate signed on behalf of the Company by any Officer of the Company that
meets the requirements set forth in this Indenture. 
 “Opinion of Counsel” means a written opinion from
legal counsel, who may be an employee of or counsel to the Issuers, or other counsel who is acceptable to the Trustee. 
 “Pari
Passu Indebtedness” means: 
 (1)    with respect to the Issuers, the Securities and any Indebtedness
which ranks pari passu in right of payment to the Securities; and 
 (2)    with respect to any Guarantor, its Guarantee
and any Indebtedness which ranks pari passu in right of payment to such Guarantor’s Guarantee. 
 “Permitted
Investments” means: 
 (1)    any Investment in the Company or any Restricted Subsidiary; 

(2)    any Investment in Cash Equivalents or Investment Grade Securities; 

  
 22 








 (3)    any Investment by the Company or any Restricted Subsidiary of the
Company in a Person if as a result of such Investment (a) such Person becomes a Restricted Subsidiary of the Company, or (b) such Person, in one transaction or a series of related transactions, is merged, consolidated or amalgamated with
or into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 

(4)    any Investment in securities or other assets not constituting Cash Equivalents and received in connection with an
Asset Sale made pursuant to the provisions of Section 4.06 or any other disposition of assets not constituting an Asset Sale; 

(5)    any Investment existing on, or made pursuant to binding commitments existing on, the Issue Date or an Investment
consisting of any extension, modification or renewal of any Investment existing on the Issue Date; provided that the amount of any such Investment may be increased as required by the terms of such Investment as in existence on the Issue Date; 

(6)    advances to employees of the Issuers, any Subsidiaries or Rexnord Corporation not in excess of $15.0 million
outstanding at any one time in the aggregate; 
 (7)    any Investment acquired by the Company or any of its Restricted
Subsidiaries (a) in exchange for any other Investment or accounts receivable held by the Company or any such Restricted Subsidiary in connection with or as a result of a bankruptcy, workout, reorganization or recapitalization of the issuer of
such other Investment or accounts receivable, or (b) as a result of a foreclosure by the Company or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in
default; 
 (8)    Hedging Obligations permitted under Section 4.03(b)(x); 

(9)    any Investment by the Company or any of its Restricted Subsidiaries in a Similar Business having an aggregate Fair
Market Value (as determined in good faith by the Company), taken together with all other Investments made pursuant to this (9) that are at that time outstanding, not to exceed the greater of (x) $150.0 million and (y) 5.0% of Total Assets
at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this
(9) is made in any Person that is not a Restricted Subsidiary of the Company at the date of the making of such Investment and such Person becomes a Restricted Subsidiary of the Company after such date, such Investment shall thereafter be deemed
to have been made pursuant to (1) above and shall cease to have been made pursuant to this (9) for so long as such Person continues to be a Restricted Subsidiary; 

(10)    additional Investments by the Company or any of its Restricted Subsidiaries having an aggregate Fair Market Value,
taken together with all other Investments made pursuant to this (10) that are at that time outstanding, not to exceed the 

  
 23 








 
greater of (x) $150.0 million and (y) 5.0% of Total Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving
effect to subsequent changes in value); provided, however, that if any Investment pursuant to this (10) is made in any Person that is not a Restricted Subsidiary at the date of the making of such Investment and such Person becomes
a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to (1) above and shall cease to have been made pursuant to this (10) for so long as such Person continues to be a Restricted
Subsidiary; 
 (11)    loans and advances to officers, directors and employees for business-related travel expenses,
moving expenses and other similar expenses, in each case Incurred in the ordinary course of business or consistent with past practice or to fund such person’s purchase of Equity Interests of the Company or any direct or indirect parent of the
Company; 
 (12)    Investments the payment for which consists of Equity Interests of the Company (other than
Disqualified Stock) or any direct or indirect parent of the Company, as applicable; provided, however, that such Equity Interests will not increase the amount available for Restricted Payments under (C) of the definition of
“Cumulative Credit”; 
 (13)    any transaction to the extent it constitutes an Investment that
is permitted by and made in accordance with the provisions of Section 4.07(b) (except transactions described in clauses Section 4.07(b)(ii), (iv), (v), (vii)(B) and Section 4.07(b)(xiv) of such Section); 

(14)    Investments consisting of the licensing or contribution of intellectual property pursuant to joint marketing
arrangements with other Persons; 
 (15)    guarantees issued in accordance with Sections 4.03 and 4.11, including,
without limitation, any guarantee or other obligation issued or incurred under the Credit Agreement in connection with any letter of credit issued for the account of an Issuer or any of its Subsidiaries (including with respect to the issuance of, or
payments in respect of drawings under, such letters of credit); 
 (16)    Investments consisting of or to finance
purchases and acquisitions of inventory, supplies, materials, services or equipment or purchases of contract rights or licenses or leases of intellectual property, in each case in the ordinary course of business; 

(17)    any Investment in a Receivables Subsidiary or any Investment by a Receivables Subsidiary in any other Person in
connection with a Qualified Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Receivables Financing or any related Indebtedness; 

(18)    additional Investments in joint ventures of the Company or any of its Restricted Subsidiaries existing on the
Issue Date not to exceed the greater of $150.0 million or 5.0% of Total Assets at any one time; provided that if any Investment pursuant to this (18) is made in any Person that is not an Issuer or a Restricted Subsidiary at the


  
 24 








 
date of the making of such Investment and such Person becomes an Issuer or a Restricted Subsidiary after such date, such Investment shall thereafter be deemed to have been made pursuant to
(1) above and shall cease to have been made pursuant to this (18) for so long as such Person continues to be an Issuer or a Restricted Subsidiary; 

(19)    Investments of a Restricted Subsidiary of the Company acquired after the Issue Date or of an entity merged into,
amalgamated with, or consolidated with a Restricted Subsidiary of the Company in a transaction that is not prohibited by Section 5.01 after the Issue Date to the extent that such Investments were not made in contemplation of such acquisition,
merger, amalgamation or consolidation and were in existence on the date of such acquisition, merger, amalgamation or consolidation; 

(20)    any Investment in an entity or purchase of a business or assets in each case owned (or previously owned) by a
customer of the Company or a Restricted Subsidiary as a condition or in connection with such customer (or any member of such customer’s group) contracting with a Restricted Subsidiary, in each case in the ordinary course of business; 

(21)    any Investment in an entity which is not a Restricted Subsidiary to which a Restricted Subsidiary sells accounts
receivable pursuant to a Receivables Financing; and 
 (22)    any Investment in any Restricted Subsidiary of the
Company or any joint venture in connection with intercompany cash management arrangements or related activities arising in the ordinary course of business. 

“Permitted Liens” means, with respect to any Person: 

(1)    pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case Incurred in the ordinary course of business;

 (2)    Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case for
sums not yet due or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for
review; 
 (3)    Liens for taxes, assessments or other governmental charges not yet due or payable or subject to
penalties for nonpayment or which are being contested in good faith by appropriate proceedings; 
 (4)    Liens in favor
of issuers of performance and surety bonds or bid bonds or with respect to other regulatory requirements or letters of credit issued pursuant to the request of and for the account of such Person in the ordinary course of its business; 

  
 25 








 (5)    minor survey exceptions, minor encumbrances, easements or reservations
of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions
as to the use of real properties or Liens incidental to the conduct of the business of such Person or to the ownership of its properties which were not Incurred in connection with Indebtedness and which do not in the aggregate materially adversely
affect the value of said properties or materially impair their use in the operation of the business of such Person; 

(6)    (A) Liens on assets of a Restricted Subsidiary that is not a Guarantor securing Indebtedness of such Restricted
Subsidiary, permitted to be Incurred pursuant to Section 4.03, (B) Liens securing Indebtedness permitted to be incurred under the Credit Agreement, including any letter of credit facility relating thereto, that was permitted to be Incurred pursuant
to (i) of Section 4.03(b), (C) [reserved], (D) Liens securing Indebtedness permitted to be Incurred pursuant to (iv) or (xii) of Section 4.03(b) and (E) Liens securing Indebtedness permitted to be Incurred pursuant to (xix) of Section 4.03(b)
(provided that (1) in the case of (xix)(1), such Lien does not extend to the property or assets of any Subsidiary of the Company other than a Foreign Subsidiary, and (2) in the case of (xix)(2) such Lien applies solely to assets of the
applicable joint venture); 
 (7)    Liens existing on the Issue Date (other than Liens securing the Credit Agreement);

 (8)    Liens on assets, property or shares of stock of a Person at the time such Person becomes a Subsidiary;
provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided, further, however, that such Liens may not extend to
any other property owned by the Company or any Restricted Subsidiary of the Company); 
 (9)    Liens on assets or
property at the time the Company or a Restricted Subsidiary of the Company acquired the assets or property, including any acquisition by means of a merger, amalgamation or consolidation with or into the Company or any Restricted Subsidiary of the
Company; provided, however, that such Liens are not created or Incurred in connection with, or in contemplation of, such acquisition; provided, further, however, that the Liens may not extend to any other property
owned by the Company or any Restricted Subsidiary of the Company; 
 (10)    Liens securing Indebtedness or other
obligations of a Restricted Subsidiary owing to the Company or another Restricted Subsidiary of the Company permitted to be Incurred in accordance with Section 4.03; 

(11)    Liens securing Hedging Obligations not incurred in violation of this Indenture; provided that with respect
to Hedging Obligations relating to Indebtedness, such Lien extends only to the property securing such Indebtedness; 

(12)    Liens on specific items of inventory or other goods and proceeds of any Person securing such Person’s
obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

  
 26 








 (13)    leases and subleases of real property which do not materially
interfere with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries; 

(14)    Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by
the Company and its Restricted Subsidiaries in the ordinary course of business; 
 (15)    Liens in favor of the Company
or any Guarantor; 
 (16)    Liens on accounts receivable and related assets of the type specified in the definition of
“Receivables Financing” Incurred in connection with a Qualified Receivables Financing; 

(17)    deposits made in the ordinary course of business to secure liability to insurance carriers; 

(18)    Liens on the Equity Interests of Unrestricted Subsidiaries; 

(19)    grants of software and other technology licenses in the ordinary course of business; 

(20)    Liens to secure any refinancing, refunding, extension, renewal or replacement (or successive refinancings,
refundings, extensions, renewals or replacements) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clause (6)(in the case of Liens to secure any refinancing, refunding, extension, renewal or replacement of
Indebtedness under sub (6)(A), (6)(B), (6)(C), (6)(D) or (6)(E) of such foregoing (6), such Liens shall be deemed to have also been incurred under such applicable sub, and not this (20), for purposes of determining amounts outstanding under such
subs), (7), (8), (9), (10), (11) and (15); provided, however, that (x) such new Lien shall be limited to all or part of the same property that secured the original Lien (plus improvements on such property), and (y) the
Indebtedness secured by such Lien at such time is not increased to any amount greater than the sum of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (6), (7), (8), (9), (10),
(11) and (15) at the time the original Lien became a Permitted Lien under this Indenture, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension, renewal or
replacement; 
 (21)    Liens on equipment of the Company or any Restricted Subsidiary granted in the ordinary course of
business to the Company’s or such Restricted Subsidiary’s client at which such equipment is located; 

  
 27 








 (22)    judgment and attachment Liens not giving rise to an Event of Default
and notices of lis pendens and associated rights related to litigation being contested in good faith by appropriate proceedings and for which adequate reserves have been made; 

(23)    Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods
entered into in the ordinary course of business; 
 (24)    Liens incurred to secure cash management services or to
implement cash pooling arrangements in the ordinary course of business; 
 (25)    other Liens securing obligations in
an aggregate principal amount outstanding at any time not to exceed the greater of $125.0 million and 4.0% of Total Assets; 

(26)    any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any joint
venture or similar arrangement pursuant to any joint venture or similar agreement; provided, however, that this (26) shall not apply to any Liens securing Indebtedness; 

(27)    any amounts held by a trustee in the funds and accounts under an indenture securing any revenue bonds issued for
the benefit of the Company or any Restricted Subsidiary; and 
 (28)    Liens arising by virtue of any statutory or
common law provisions relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a depository or financial institution. 

“Permitted Parent” means, at any time, any Person that has no material assets other than the Capital Stock of the
Company or its direct or indirect parent companies and, directly or indirectly, holds or acquires 100% of the total voting power of the Voting Stock of the Company, and of which no other Person or “group” (within the meaning of
Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), other than any other Permitted Parent specified in this definition, holds more than 50% on a fully diluted basis of the total voting power of the Voting
Stock thereof. Any Person or group whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture will thereafter, together with
its Affiliates, constitute an additional Permitted Parent. 
 “Person” means any individual, corporation, partnership,
limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Preferred Stock” means any Equity Interest with preferential right of payment of dividends or upon liquidation,
dissolution or winding up. 

  
 28 








 “Pre-Opening Expenses” means,
with respect to any fiscal period, the amount of expenses (other than interest expense) incurred with respect to capital projects that are classified as “pre-opening expenses” or
“project opening costs” (or any similar or equivalent caption) on the applicable financial statements of the Company and the Restricted Subsidiaries for such period, prepared in accordance with GAAP. 

“Qualified Receivables Financing” means any Receivables Financing of a Receivables Subsidiary that meets the
following conditions: 
 (1)    the Board of Directors of the Company shall have determined in good faith that such
Qualified Receivables Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Company and the Receivables Subsidiary; 

(2)    all sales of accounts receivable and related assets to the Receivables Subsidiary are made at Fair Market Value (as
determined in good faith by the Company); and 
 (3)    the financing terms, covenants, termination events and other
provisions thereof shall be market terms (as determined in good faith by the Company) and may include Standard Securitization Undertakings. 

The grant of a security interest in any accounts receivable of the Company or any of its Restricted Subsidiaries (other than a Receivables
Subsidiary) to secure Bank Indebtedness, Indebtedness in respect of the Securities or any Refinancing Indebtedness with respect to the Securities shall not be deemed a Qualified Receivables Financing. 

“Rating Agency” means (1) each of Moody’s and S&P and (2) if Moody’s or S&P ceases to rate
the Securities for reasons outside of the Issuers’ control, a “nationally recognized statistical rating organization” within the meaning of Rule
15cs-1(c)(2)(vi)(F) under the Exchange Act selected by the Issuers or any direct or indirect parent of the Issuers as a replacement agency for Moody’s or S&P, as the case may be. 

“RBS Global” means the party named as such in the Preamble to this Indenture until a successor replaces it and,
thereafter, means the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the Securities. 

“Receivables Fees” means distributions or payments made directly or by means of discounts with respect to any
participation interests issued or sold in connection with, and all other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing. 

“Receivables Financing” means any transaction or series of transactions that may be entered into by the Company or any
of its Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case of a transfer by the Company or any of its Subsidiaries); and (b) any other
Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any accounts receivable (whether now 

  
 29 








 
existing or arising in the future) of the Company or any of its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable, all
contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in
connection with asset securitization transactions involving accounts receivable and any Hedging Obligations entered into by the Company or any such Subsidiary in connection with such accounts receivable. 

“Receivables Repurchase Obligation” means any obligation of a seller of receivables in a Qualified Receivables
Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, offset or
counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 

“Receivables Subsidiary” means a Wholly Owned Restricted Subsidiary of the Company (or another Person formed for the
purposes of engaging in Qualified Receivables Financing with the Company in which the Company or any Subsidiary of the Company makes an Investment and to which the Company or any Subsidiary of the Company transfers accounts receivable and related
assets) which engages in no activities other than in connection with the financing of accounts receivable of the Company and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto,
and any business or activities incidental or related to such business, and which is designated by the Board of Directors of the Company (as provided below) as a Receivables Subsidiary and: 

(a)    no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed
by the Company or any other Subsidiary of the Company (excluding guarantees of obligations (other than the principal of and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Company or
any other Subsidiary of the Company in any way other than pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset of the Company or any other Subsidiary of the Company, directly or indirectly, contingently or
otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; 
 (b)    with
which neither the Company nor any other Subsidiary of the Company has any material contract, agreement, arrangement or understanding other than on terms which the Company reasonably believes to be no less favorable to the Company or such Subsidiary
than those that might be obtained at the time from Persons that are not Affiliates of the Company; and 
 (c)    to
which neither the Company nor any other Subsidiary of the Company has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. 

  
 30 








 Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee
by filing with the Trustee a certified copy of the resolution of the Board of Directors of the Company giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing conditions. 

“Restricted Investment” means an Investment other than a Permitted Investment. 

“Restricted Subsidiary” means, with respect to any Person, any Subsidiary of such Person other than an Unrestricted
Subsidiary of such Person. Rexnord shall be a Restricted Subsidiary of the Company. Unless otherwise indicated in this Indenture, all references to Restricted Subsidiaries shall mean Restricted Subsidiaries of the Company. 

“Rexnord” means the party named as such in the Preamble to this Indenture until a successor replaces it and, thereafter,
means the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the Securities. 

“Sale/Leaseback Transaction” means an arrangement relating to property now owned or hereafter acquired by the Company or a
Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or such Restricted Subsidiary leases it from such Person, other than leases between the Company and a Restricted Subsidiary of
the Company or between Restricted Subsidiaries of the Company. 
 “S&P” means Standard & Poor’s Ratings
Group or any successor to the rating agency business thereof. 
 “SEC” means the Securities and Exchange Commission. 

“Secured Indebtedness” means any Indebtedness secured by a Lien. 

“Secured Indebtedness Leverage Ratio” means, with respect to any Person at any date, the ratio of (i)(a) Secured Indebtedness
minus (b) the Unrestricted Cash of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with GAAP) to (ii) EBITDA of such Person for the four full fiscal
quarters for which internal financial statements are available immediately preceding such date. In the event that the Company or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems or otherwise discharges any Indebtedness
subsequent to the commencement of the period for which the Secured Indebtedness Leverage Ratio is being calculated but prior to the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Leverage
Calculation Date”), then the Secured Indebtedness Leverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption or discharge of Indebtedness as if the same had occurred at the beginning
of the applicable four-quarter period; provided that the Issuers may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment under any Indebtedness as being Incurred at such
time, in which case any subsequent Incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an Incurrence at such subsequent time. 

  
 31 








 For purposes of making the computation referred to above, Investments, acquisitions,
dispositions, mergers, amalgamations, consolidations and discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Company or any of its
Restricted Subsidiaries has both determined to make and made during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Secured Leverage Calculation Date shall be calculated on a pro
forma basis assuming that all such Investments, acquisitions, dispositions, mergers, amalgamations, consolidations, discontinued operations and other operational changes (and the change of any associated Indebtedness and the change in EBITDA
resulting therefrom) had occurred on the first day of the four-quarter reference period. If since the beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted
Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition, merger, amalgamation, consolidation, discontinued operation or operational change, in each case with respect to an operating unit of a business,
that would have required adjustment pursuant to this definition, then the Secured Indebtedness Leverage Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued
operation, merger, amalgamation, consolidation or operational change had occurred at the beginning of the applicable four-quarter period. For purposes of making the computation referred to above, with respect to each New Project that commences
operations and records not less than one full fiscal quarter’s operations during the four-quarter reference period, the operating results of such New Project will be annualized on a seasonally adjusted basis during such period. If since the
beginning of such period any Restricted Subsidiary is designated an Unrestricted Subsidiary or any Unrestricted Subsidiary is designated a Restricted Subsidiary, then the Secured Indebtedness Leverage Ratio shall be calculated giving pro forma
effect thereto for such period as if such designation had occurred at the beginning of the applicable four-quarter period. For purposes of making the computation set forth above, when calculating the amount of Indebtedness that may be secured by
Liens pursuant to (6)(C) of the definition of “Permitted Liens”, the Company will be entitled to divide and classify a Lien securing an item of Indebtedness in more than one of the types of Liens described in the first paragraph of
Section 4.12 or the definition of “Permitted Liens” without giving pro forma effect to the Liens incurred pursuant to such first paragraph or any of the definition of “Permitted Liens” other than clauses (6)(B)
and (6)(C) thereof. 
 For purposes of this definition, whenever pro forma effect is to be given to any event, the pro forma calculations
shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good-faith determination of the Issuers as set forth in an
Officer’s Certificate, to reflect (1) operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable event and (2) all adjustments of the nature used in connection with the
calculation of “Adjusted EBITDA” as set forth in footnote 6 to the “Summary Financial Data” in the Offering Circular to the extent such adjustments, without duplication, continue to be applicable to such
four-quarter period. 

  
 32 








 For purposes of this definition, any amount in a currency other than U.S. dollars will be
converted to U.S. dollars based on the average exchange rate for such currency for the most recent twelve month period immediately prior to the date of determination in a manner consistent with that used in calculating EBITDA for the applicable
period. 
 “Securities” means the securities issued under this Indenture. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Significant Subsidiary” means Rexnord and any other Restricted Subsidiary that would be a
“Significant Subsidiary” of the Company within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC (or any successor provision). 

“Similar Business” means a business, the majority of whose revenues are derived from the activities of the Company and its
Subsidiaries as of the Issue Date or any business or activity that is reasonably similar or complementary thereto or a reasonable extension, development or expansion thereof or ancillary thereto. 

“Standard Securitization Undertakings” means representations, warranties, covenants, indemnities and guarantees of
performance entered into by the Company or any Subsidiary of the Company which the Company has determined in good faith to be customary in a Receivables Financing including without limitation, those relating to the servicing of the assets of a
Receivables Subsidiary, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the
final payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the
happening of any contingency beyond the control of the issuer unless such contingency has occurred). 
 “Subordinated
Indebtedness” means (a) with respect to either of the Issuers, any Indebtedness of such Issuer which is by its terms subordinated in right of payment to the Securities, and (b) with respect to any Guarantor, any Indebtedness of
such Guarantor which is by its terms subordinated in right of payment to its Guarantee. 
 “Subsidiary” means, with respect
to any Person, (1) any corporation, association or other business entity (other than a partnership, joint venture or limited liability company) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard
to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that
Person or a combination thereof, and (2) any partnership, joint venture or limited liability company of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general and limited
partnership interests, as applicable, are 

  
 33 








 
owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special
or limited partnership interests or otherwise, and (y) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity. 

“Suspension Period” means the period of time between a Covenant Suspension Event and the related Reversion Date. 

“Tax Distributions” means any distributions described in Section 4.04(b)(xii). 

“TIA” means the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the date of this Indenture.

 “Total Assets” means the total consolidated assets of the Company and its Restricted Subsidiaries, as shown on the most
recent balance sheet of the Company without giving effect to any amortization of the amount of intangible assets since the Issue Date (or with respect to any assets acquired after the Issue Date, the date such assets were acquired by the Company or
a Restricted Subsidiary calculated on a pro forma basis giving effect to any acquisition or disposition of a business or operating unit after such balance sheet date and on or prior to the date of determination). 

“Total Leverage Ratio” means, with respect to any Person at any date, the ratio of (i) (a) Indebtedness minus
(b) the Unrestricted Cash of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with GAAP) to (ii) EBITDA of such Person for the four full fiscal quarters for which
internal financial statements are available immediately preceding such date. In the event that the Company or any of its Restricted Subsidiaries Incurs, repays, repurchases or redeems or otherwise discharges any Indebtedness subsequent to the
commencement of the period for which the Total Indebtedness Leverage Ratio is being calculated but prior to the event for which the calculation of the Total Indebtedness Leverage Ratio is made (the “Total Leverage Calculation
Date”), then the Total Indebtedness Leverage Ratio shall be calculated giving pro forma effect to such Incurrence, repayment, repurchase or redemption or discharge of Indebtedness as if the same had occurred at the beginning of the
applicable four-quarter period; provided that the Issuers may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment under any Indebtedness as being Incurred at such time, in which
case any subsequent Incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an Incurrence at such subsequent time. 

For purposes of making the computation referred to above, Investments, acquisitions, dispositions, mergers, amalgamations, consolidations and
discontinued operations (as determined in accordance with GAAP), in each case with respect to an operating unit of a business, and any operational changes that the Company or any of its Restricted Subsidiaries has both determined to make and made
during the four-quarter reference period or subsequent to such reference period and on or prior to or 

  
 34 








 
simultaneously with the Total Leverage Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, amalgamations,
consolidations, discontinued operations and other operational changes (and the change of any associated Indebtedness and the change in EBITDA resulting therefrom) had occurred on the first day of the four- quarter reference period. If since the
beginning of such period any Person that subsequently became a Restricted Subsidiary or was merged with or into the Company or any Restricted Subsidiary since the beginning of such period shall have made any Investment, acquisition, disposition,
merger, amalgamation, consolidation, discontinued operation or operational change, in each case with respect to an operating unit of a business, that would have required adjustment pursuant to this definition, then the Total Indebtedness Leverage
Ratio shall be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger, amalgamation, consolidation or operational change had occurred at the beginning of the
applicable four-quarter period. For purposes of making the computation referred to above, with respect to each New Project that commences operations and records not less than one full fiscal quarter’s operations during the four-quarter
reference period, the operating results of such New Project will be annualized on a seasonally adjusted basis during such period. If since the beginning of such period any Restricted Subsidiary is designated an Unrestricted Subsidiary or any
Unrestricted Subsidiary is designated a Restricted Subsidiary, then the Total Indebtedness Leverage Ratio shall be calculated giving pro forma effect thereto for such period as if such designation had occurred at the beginning of the applicable
four-quarter period. 
 For purposes of this definition, whenever pro forma effect is to be given to any event, the pro forma calculations
shall be made in good faith by a responsible financial or accounting officer of the Company. Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of the Issuers as set forth in an
Officer’s Certificate, to reflect (1) operating expense reductions and other operating improvements or synergies reasonably expected to result from the applicable event and (2) all adjustments of the nature used in connection with the
calculation of “Adjusted EBITDA” as set forth in footnote 6 to the “Summary Financial Data” in the Offering Circular to the extent such adjustments, without duplication, continue to be applicable to such four-quarter period. 

For purposes of this definition, any amount in a currency other than U.S. dollars will be converted to U.S. dollars based on the average
exchange rate for such currency for the most recent twelve month period immediately prior to the date of determination in a manner consistent with that used in calculating EBITDA for the applicable period. 

“Transactions” means, collectively, (i) the concurrent refinancing of the Credit Agreement, (ii) the offering and
issuance of the Securities, and (iii) the payment of fees and expenses in relation to the foregoing. 
 “Treasury
Rate” means, as of the applicable redemption date, the yield to maturity as of such redemption date of U.S. Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15
(519) that has become publicly available at least two Business Days prior to such 

  
 35 








 
redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such redemption date to
December 15, 2020; provided, however, that if the period from such redemption date to December 15, 2020 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a
constant maturity of one year will be used. 
 “Trust Officer” means any officer within the corporate trust department of
the Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the
time shall be such officers, respectively, who shall have direct responsibility for the administration of this Indenture, or any other officer of the Trustee to whom any corporate trust matter is referred because of such person’s knowledge of
and familiarity with the particular subject. 
 “Trustee” means the party named as such in this Indenture until a successor
replaces it and, thereafter, means the successor. 
 “Unrestricted Cash” means cash or Cash Equivalents of the Company and
its Restricted Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Company and its Restricted Subsidiaries. 

“Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 

“Unrestricted Subsidiary” means: 

(1)    any Subsidiary of the Company that at the time of determination shall be designated an Unrestricted Subsidiary by
the Board of Directors of such Person in the manner provided below; and 
 (2)    any Subsidiary of an Unrestricted
Subsidiary. 
 The Company may designate any Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the
Company) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that is not a
Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have and do not thereafter Incur any Indebtedness pursuant to which the
lender has recourse to any of the assets of the Company or any of its Restricted Subsidiaries; provided, further, however, that either: 

(a)    the Subsidiary to be so designated has total consolidated assets of $1,000 or less; or 

(b)    if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under
Section 4.04. 

  
 36 








 The Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary;
provided, however, that immediately after giving effect to such designation: 
 (x)    (1) the Company
could Incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.03(a) or (2) the Fixed Charge Coverage Ratio for the Company and its Restricted Subsidiaries would be greater than such
ratio for the Company and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation, and 

(y)    no Event of Default shall have occurred and be continuing. 

Any such designation by the Company shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the resolution of the
Board of Directors of the Company or any committee thereof giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing provisions. 

“U.S. Government Obligations” means securities that are: 

(1)    direct obligations of the United States of America for the timely payment of which its full faith and credit is
pledged, or 
 (2)    obligations of a Person controlled or supervised by and acting as an agency or instrumentality of
the United States of America, the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, 

which, in each case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the account
of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the
custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such depository receipt. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote in
the election of the Board of Directors of such Person. 
 “Weighted Average Life to Maturity” means, when applied to any
Indebtedness or Disqualified Stock, as the case may be, at any date, the quotient obtained by dividing (1) the sum of the products of the number of years from the date of determination to the date of each successive scheduled principal payment
of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock multiplied by the amount of such payment, by (2) the sum of all such payments. 

  
 37 








 “Wholly Owned Restricted Subsidiary” is any Wholly Owned Subsidiary that is a
Restricted Subsidiary. 
 “Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person 100% of the outstanding
Capital Stock or other ownership interests of which (other than directors’ qualifying shares or shares required to be held by Foreign Subsidiaries) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries of such
Person. 
 Section 1.02.    Other Definitions. 

 

					
	 Term
	  	 Defined

in Section
	  	 
	“Affiliate Transaction”	  	4.07	  	
	“Appendix”	  	Preamble	  	
	“Asset Sale Offer”	  	4.06(b)	  	
	“Bankruptcy Law”	  	6.01	  	
	“Clearstream”	  	Appendix A	  	
	“covenant defeasance option”	  	8.01(c)	  	
	“Covenant Suspension Event”	  	4.15	  	
	“Custodian”	  	6.01	  	
	“Euroclear”	  	Appendix A	  	
	“Definitive Security”	  	Appendix A	  	
	“Depository”	  	Appendix A	  	
	“Event of Default”	  	6.01	  	
	“Excess Proceeds”	  	4.06(b)	  	
	“Global Securities Legend”	  	Appendix A	  	
	“Global Security”	  	Appendix A	  	
	“Guaranteed Obligations”	  	11.01(a)	  	
	“IAI”	  	Appendix A	  	
	“IAI Global Securities”	  	Appendix A	  	
	“incorporated provision”	  	13.01	  	
	“Initial Purchasers”	  	Appendix A	  	
	“legal defeasance option”	  	8.01(c)	  	
	“Notice of Default”	  	6.01	  	
	“Offer Period”	  	4.06(d)	  	
	“Original Securities”	  	Preamble	  	
	“Paying Agent”	  	2.04(a)	  	
	“primary obligations”	  	“Contingent Obligations” definition	  	
	“primary obligor”	  	“Contingent Obligations” definition	  	
	“protected purchaser”	  	2.08	  	
	“Purchase Agreement”	  	Appendix A	  	
	“QIB”	  	Appendix A	  	
	“Reference Period”	  	“Cumulative Credit” definition	  	
	“Refinancing Indebtedness”	  	4.03(b)	  	
	“Refunding Capital Stock”	  	4.04(b)	  	
	“Registrar”	  	2.04(a)	  	


  
 38 









					
	 Term
	  	 Defined

in Section
	  	 
	“Regulation S”	  	Appendix A	  	
	“Regulation S Global Securities”	  	Appendix A	  	
	“Regulation S Securities”	  	Appendix A	  	
	“Restricted Payments”	  	4.04(a)	  	
	“Restricted Period”	  	Appendix A	  	
	“Restricted Securities Legend”	  	Appendix A	  	
	“Retired Capital Stock”	  	4.04(b)	  	
	“Reversion Date”	  	4.15	  	
	“Rule 501”	  	Appendix A	  	
	“Rule 506”	  	Appendix A	  	
	“Rule 144A”	  	Appendix A	  	
	“Rule 144A Securities”	  	Appendix A	  	
	“Securities Custodian”	  	Appendix A	  	
	“Successor Company”	  	5.01(a)	  	
	“Successor Guarantor”	  	5.01(b)	  	
	“Successor Co-Issuer”	  	5.01(b)(i)	  	
	“Suspended Covenants”	  	4.15	  	
	“Transfer”	  	5.01(b)	  	
	“Transfer Restricted Definitive Securities”	  	Appendix A	  	
	“Transfer Restricted Global Securities”	  	Appendix A	  	
	“Unrestricted Definitive Securities”	  	Appendix A	  	
	“Unrestricted Global Securities”	  	Appendix A	  	

 Section 1.03.    Incorporation by Reference of Trust Indenture Act. This
Indenture incorporates by reference certain provisions of the TIA. The following TIA terms have the following meanings: 

“Commission” means the SEC. 

“indenture securities” means the Securities and the Guarantees. 

“indenture security holder” means a Holder. 

“indenture trustee” or “institutional trustee” means the Trustee. 

“obligor” on the indenture securities means the Company, Rexnord, the Guarantors and any other obligor on the Securities.

 All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC
rule have the meanings assigned to them by such definitions. 

  
 39 








 Section 1.04.    Rules of Construction. Unless the context
otherwise requires: 
 (a)    a term has the meaning assigned to it; 

(b)    an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c)    “or” is not exclusive; 

(d)    “including” means including without limitation; 

(e)    words in the singular include the plural and words in the plural include the singular; 

(f)    unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured Indebtedness merely by virtue of
its nature as unsecured Indebtedness; 
 (g)    the principal amount of any
non-interest bearing or other discount security at any date shall be the principal amount thereof that would be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; 

(h)    the principal amount of any Preferred Stock shall be (i) the maximum liquidation value of such Preferred Stock
or (ii) the maximum mandatory redemption or mandatory repurchase price with respect to such Preferred Stock, whichever is greater; 

(i)    unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting
determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP; and 

(j)    “$” and “U.S. Dollars” each refer to United States dollars, or such other money
of the United States of America that at the time of payment is legal tender for payment of public and private debts. 
 ARTICLE 2 

THE SECURITIES 

Section 2.01.    Amount of Securities. The aggregate principal amount of Original Securities which may be
authenticated and delivered under this Indenture on the Issue Date is $500,000,000. All Securities shall be substantially identical except as to denomination. 

The Company may from time to time after the Issue Date issue Additional Securities under this Indenture in an unlimited principal amount, so
long as (i) the Incurrence of the Indebtedness represented by such Additional Securities is at such time permitted by Section 4.03 and (ii) such Additional Securities are issued in compliance with the other applicable provisions of
this Indenture. With respect to any Additional Securities issued after the Issue Date (except for Securities authenticated and delivered 

  
 40 








 
upon registration of transfer of, or in exchange for, or in lieu of, other Securities pursuant to Section 2.07, 2.08, 2.09, 2.10, 3.08, 4.06(f), 4.08(c) or the Appendix), there shall be
(a) established in or pursuant to a resolution of the Board of Directors and (b) (i) set forth or determined in the manner provided in an Officer’s Certificate or (ii) established in one or more indentures supplemental hereto,
prior to the issuance of such Additional Securities: 
 (1)    the aggregate principal amount of such
Additional Securities which may be authenticated and delivered under this Indenture; 
 (2)    the issue
price and issuance date of such Additional Securities, including the date from which interest on such Additional Securities shall accrue; 

(3)    if applicable, that such Additional Securities shall be issuable in whole or in part in the form of
one or more Global Securities and, in such case, the respective depositaries for such Global Securities, the form of any legend or legends which shall be borne by such Global Securities in addition to or in lieu of those set forth in Exhibit A
hereto and any circumstances in addition to or in lieu of those set forth in Section 2.2 of the Appendix in which any such Global Security may be exchanged in whole or in part for Additional Securities registered, or any transfer of such Global
Security in whole or in part may be registered, in the name or names of Persons other than the depositary for such Global Security or a nominee thereof; 

(4)    if applicable, that such Additional Securities that are not Transfer Restricted Securities shall
not bear a Restricted Securities Legend; and 
 (5)    if such Additional Securities are not fungible
with the Original Securities for U.S. federal tax purposes, a new CUSIP number therefor. 
 If any of the terms of any Additional Securities
are established by action taken pursuant to a resolution of the Board of Directors, a copy of an appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Company and delivered to the Trustee at or prior
to the delivery of the Officer’s Certificate or the indenture supplemental hereto setting forth the terms of the Additional Securities. 

The Securities, including any Additional Securities, shall be treated as a single class for all purposes under this Indenture, including,
without limitation, directions provided to the Trustee pursuant to Section 6.05, waivers, amendments, redemptions and offers to purchase. 

  
 41 








 Section 2.02.    Form and Dating. Provisions relating to the
Securities are set forth in the Appendix, which is hereby incorporated in and expressly made a part of this Indenture. The (i) Securities and the Trustee’s certificate of authentication and (ii) any Additional Securities (if issued as
Global Securities or Transfer Restricted Definitive Securities) and the Trustee’s certificate of authentication shall each be substantially in the form of Exhibit A hereto, which is hereby incorporated in and expressly made a part of this
Indenture. The Securities may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Company or any Guarantor is subject, if any, or usage (provided that any such notation, legend or endorsement is in a
form acceptable to the Company). Each Security shall be dated the date of its authentication. The Securities shall be issuable only in registered form without interest coupons and in minimum denominations of $2,000 and any integral multiples of
$1,000 in excess thereof. 
 Section 2.03.    Execution and Authentication. The Trustee shall authenticate
and make available for delivery upon a written order of the Company signed by one Officer (a) Original Securities for original issue on the date hereof in an aggregate principal amount of $500,000,000 and (b) subject to the terms of this
Indenture, Additional Securities in an aggregate principal amount to be determined at the time of issuance and specified therein; provided that the Issuers shall deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel
addressing such matters as the Trustee may reasonably request. Such order shall specify the amount of the Securities to be authenticated, the date on which the original issue of Securities is to be authenticated and whether the Securities are to be
Securities. Notwithstanding anything to the contrary in this Indenture or the Appendix, any issuance of Additional Securities after the Issue Date shall be in a principal amount of at least $2,000 and integral multiples of $1,000 in excess of
$2,000. 
 One Officer shall sign the Securities for each Issuer by manual or facsimile signature. 

If an Officer whose signature is on a Security no longer holds that office at the time the Trustee authenticates the Security, the Security
shall be valid nevertheless. 
 A Security shall not be valid until an authorized signatory of the Trustee manually signs the certificate of
authentication on the Security. The signature shall be conclusive evidence that the Security has been authenticated under this Indenture. 

The Trustee may appoint one or more authenticating agents reasonably acceptable to the Issuers to authenticate the Securities. Any such
appointment shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to each Issuer. Unless limited by the terms of such appointment, an authenticating agent may authenticate Securities whenever the Trustee
may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such agent. An authenticating agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands. 

  
 42 








 Section 2.04.    Registrar and Paying Agent. (a) The Company
shall maintain (i) an office or agency where Securities may be presented for registration of transfer or for exchange (the “Registrar”) and (ii) an office or agency where Securities may be presented for payment (the
“Paying Agent”). The Registrar shall keep a register of the Securities and of their transfer and exchange. The Company may have one or more co-registrars and one or more additional paying
agents. The term “Registrar” includes any co-registrars. The term “Paying Agent” includes the Paying Agent and any additional paying agents. The Company initially appoints the
Trustee as Registrar, Paying Agent and the Securities Custodian with respect to the Global Securities. 
 (b)    The
Company may enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to this Indenture, which shall incorporate the terms of the TIA. The agreement shall implement the provisions of this Indenture that relate to such
agent. The Company shall notify the Trustee of the name and address of any such agent. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to
Section 7.07. The Company or any of its domestically organized Wholly Owned Subsidiaries may act as Paying Agent or Registrar. 

(c)    The Company may remove any Registrar or Paying Agent upon written notice to such Registrar or Paying Agent and to
the Trustee; provided, however, that no such removal shall become effective until (i) if applicable, acceptance of an appointment by a successor as evidenced by an appropriate agreement entered into by the Company and such
successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance with
(i) above. The Registrar or Paying Agent may resign at any time upon written notice to the Company and the Trustee. 

(d)    Except as the Company and the Trustee may agree otherwise agree, the Company shall promptly file with the Trustee
following the end of each calendar year a written notice specifying the amount of original issue discount accrued on the Outstanding Securities for the previous calendar year, including daily rates and accrual periods, and such other information
relating to original issue discount as may be required under the Internal Revenue Code of 1986 and applicable regulations, as amended from time to time. 

(e)    The Issuers shall be responsible for making calculations called for under the Securities and this Indenture,
including but not limited to determination of interest, additional interest or additional amounts, redemption price, Applicable Premium, premium, if any, and any other amounts payable on the Securities. The Issuers will make the calculations in good
faith and, absent manifest error, their calculations will be final and binding on the Holders. The Issuers will provide a schedule of their calculations to the Trustee when requested by the Trustee, and the Trustee is entitled to rely conclusively
on the accuracy of those calculations without independent verification. The Trustee shall forward the Issuers’ calculations to any Holder of the Securities upon the written request of such Holder. 

  
 43 








 Section 2.05.    Paying Agent to Hold Money in Trust. Prior to
each due date of the principal of and interest on any Security, the Company shall deposit with each Paying Agent (or if the Company or a Wholly Owned Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons
entitled thereto) a sum sufficient to pay such principal and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that a Paying Agent shall hold in trust for the benefit of Holders
or the Trustee all money held by a Paying Agent for the payment of principal of and interest on the Securities, and shall notify the Trustee of any default by the Company in making any such payment. If the Company or a Wholly Owned Subsidiary of the
Company acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it in trust for the benefit of the Persons entitled thereto. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee
and to account for any funds disbursed by such Paying Agent. Upon complying with this Section, a Paying Agent shall have no further liability for the money delivered to the Trustee. 

Section 2.06.    Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable
the most recent list available to it of the names and addresses of Holders. If the Trustee is not the Registrar, the Company shall furnish, or cause the Registrar to furnish, to the Trustee, in writing at least five Business Days before each
interest payment date and at such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders. 

Section 2.07.    Transfer and Exchange. The Securities shall be issued in registered form and shall be
transferable only upon the surrender of a Security for registration of transfer and in compliance with the Appendix. When a Security is presented to the Registrar with a request to register a transfer, the Registrar shall register the transfer as
requested if its requirements therefor are met. When Securities are presented to the Registrar with a request to exchange them for an equal principal amount of Securities of other denominations, the Registrar shall make the exchange as requested if
the same requirements are met. To permit registration of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Securities at the Registrar’s request. The Company may require payment of a sum sufficient to pay all
taxes, assessments or other governmental charges in connection with any transfer or exchange pursuant to this Section. The Company shall not be required to make, and the Registrar need not register, transfers or exchanges of Securities selected for
redemption (except, in the case of Securities to be redeemed in part, the portion thereof not to be redeemed) or of any Securities for a period of 15 days before a selection of Securities to be redeemed. Each Holder that is a transferor of a
Security shall provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Internal
Revenue Code Section 6045. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

  
 44 








 Prior to the due presentation for registration of transfer of any Security, the Company, the
Guarantors, the Trustee, the Paying Agent and the Registrar may deem and treat the Person in whose name a Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and interest, if any, on
such Security and for all other purposes whatsoever, whether or not such Security is overdue, and none of the Company, any Guarantor, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

Any Holder of a beneficial interest in a Global Security shall, by acceptance of such beneficial interest, agree that transfers of beneficial
interests in such Global Security may be effected only through a book-entry system maintained by (a) the Holder of such Global Security (or its agent) or (b) any Holder of a beneficial interest in such Global Security, and that ownership
of a beneficial interest in such Global Security shall be required to be reflected in a book entry. 
 All Securities issued upon any
transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Securities surrendered upon such transfer or exchange. 

Section 2.08.    Replacement Securities. If a mutilated Security is surrendered to the Registrar or if the
Holder of a Security claims that the Security has been lost, destroyed or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Security if the requirements of
Section 8-405 of the Uniform Commercial Code are met, such that the Holder (a) satisfies the Company or the Trustee within a reasonable time after such Holder has notice of such loss, destruction or
wrongful taking and the Registrar does not register a transfer prior to receiving such notification, (b) makes such request to the Company or the Trustee prior to the Security being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a “protected purchaser”) and (c) satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Holder
shall furnish an indemnity bond sufficient in the judgment of the Trustee or the Company to protect the Issuers, each Guarantor, the Trustee, a Paying Agent and the Registrar from any loss that any of them may suffer if a Security is replaced. The
Company and the Trustee may charge the Holder for their expenses in replacing a Security (including without limitation, attorneys’ fees and disbursements in replacing such Security). In the event any such mutilated, lost, destroyed or
wrongfully taken Security has become or is about to become due and payable, the Company in its discretion may pay such Security instead of issuing a new Security in replacement thereof. 

Every replacement Security is an additional obligation of the Company. 

The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to
the replacement or payment of mutilated, lost, destroyed or wrongfully taken Securities. 

Section 2.09.    Outstanding Securities. Securities outstanding at any time are all Securities authenticated
by the Trustee except for those canceled by it, those delivered to 

  
 45 








 
it for cancellation and those described in this Section as not outstanding. Subject to Section 13.06, a Security does not cease to be outstanding because the Company or an Affiliate of the
Company holds the Security. 
 If a Security is replaced pursuant to Section 2.08 (other than a mutilated Security surrendered for
replacement), it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Security is held by a protected purchaser. A mutilated Security ceases to be outstanding upon surrender of such
Security and replacement thereof pursuant to Section 2.08. 
 If a Paying Agent segregates and holds in trust, in accordance with this
Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with respect to the Securities (or portions thereof) to be redeemed or maturing, as the case may be, and no Paying Agent is
prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture, then on and after that date such Securities (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

Section 2.10.    Temporary Securities. In the event that Definitive Securities are to be issued under the
terms of this Indenture, until such Definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities. Temporary Securities shall be substantially in the form of Definitive Securities but
may have variations that the Company considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate Definitive Securities and make them available for delivery in exchange for
temporary Securities upon surrender of such temporary Securities at the office or agency of the Company, without charge to the Holder. Until such exchange, temporary Securities shall be entitled to the same rights, benefits and privileges as
Definitive Securities. 
 Section 2.11.    Cancellation. The Company at any time may deliver Securities to
the Trustee for cancellation. The Registrar and each Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Securities surrendered
for registration of transfer, exchange, payment or cancellation and shall dispose of canceled Securities in accordance with its customary procedures. The Company may not issue new Securities to replace Securities it has redeemed, paid or delivered
to the Trustee for cancellation. The Trustee shall not authenticate Securities in place of canceled Securities other than pursuant to the terms of this Indenture. 

Section 2.12.    Defaulted Interest. If the Company defaults in a payment of interest on the Securities, the
Company shall pay the defaulted interest then borne by the Securities (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the Persons who are Holders on a subsequent
special record date. The Company shall fix or cause to be fixed any such special record date and payment date and shall promptly mail or cause to be mailed or sent to each affected Holder a notice that states the special record date, the payment
date 

  
 46 








 
and the amount of defaulted interest to be paid. The special record date for the payment of such defaulted interest shall not be more than 15 days and not less than 10 days prior to the proposed
payment date and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Issuers may alternatively make payment of any defaulted interest in any other lawful manner not inconsistent with the requirements of
any securities exchange on which such Security may be listed, and upon such notice as may be required by such exchange. 

Section 2.13.    CUSIP Numbers, ISINs, etc. The Issuers in issuing the Securities may use CUSIP numbers, ISINs
and “Common Code” numbers (if then generally in use) and, if so, the Trustee shall use CUSIP numbers, ISINs and “Common Code” numbers in notices (including notices of redemption) as a convenience to Holders; provided, however,
that any such notice may state that no representation is made as to the correctness of such numbers, either as printed on the Securities or as contained in any notice that reliance may be placed only on the other identification numbers printed on
the Securities and that any such notice or notice of redemption shall not be affected by any defect in or omission of such numbers. The Issuers shall advise the Trustee of any change in the CUSIP numbers, ISINs and “Common Code” numbers.

 Section 2.14.    Calculation of Principal Amount of Securities. The aggregate principal amount of the
Securities, at any date of determination, shall be the principal amount of the Securities at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders of a specified percentage of the
principal amount of all the Securities, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Securities, the Holders of which have so consented,
by (b) the aggregate principal amount, as of such date of determination, of the Securities then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 13.06 of this Indenture. Any
such calculation made pursuant to this Section 2.14 shall be made by the Company and delivered to the Trustee pursuant to an Officer’s Certificate. 

ARTICLE 3 

REDEMPTION 

Section 3.01.    Redemption. The Securities may be redeemed, in whole, or from time to time in part, subject
to the conditions and at the redemption prices set forth in Paragraph 5 of the form of Securities set forth in Exhibit A hereto, which is hereby incorporated by reference and made a part of this Indenture, together with accrued and unpaid interest
to the redemption date. 
 Section 3.02.    Applicability of Article. Redemption of Securities at the
election of the Company or otherwise, as permitted or required by any provision of this Indenture, shall be made in accordance with such provision and this Article. 

Section 3.03.    Notices to Trustee. If the Company elects to redeem Securities pursuant to the optional
redemption provisions of Paragraph 5 of the Security, it shall 

  
 47 








 
notify the Trustee in writing of (i) the Section of this Indenture pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Securities
to be redeemed and (iv) the redemption price. If the redemption price is not known at the time such notice is to be given, the actual redemption price, calculated as described in the terms of the Securities, will be set forth in an
Officer’s Certificate delivered to the Trustee no later than two Business Days prior to the redemption date. 
 The Company shall give
notice to the Trustee provided for in this paragraph at least 30 days but not more than 60 days before a redemption date if the redemption is pursuant to Paragraph 5 of the Security, unless a shorter period is acceptable to the Trustee. Such notice
shall be accompanied by an Officer’s Certificate and Opinion of Counsel from the Company to the effect that such redemption will comply with the conditions herein. If fewer than all the Securities are to be redeemed, the record date relating to
such redemption shall be selected by the Company and given to the Trustee, which record date shall be not fewer than 15 days after the date of notice to the Trustee. Any such notice may be canceled at any time prior to notice of such redemption
being mailed or sent to any Holder and shall thereby be void and of no effect. 
 Section 3.04.    Selection of
Securities to Be Redeemed. In the case of any partial redemption, and if the Securities are Global Securities (as defined in Appendix A) held by the Depository (as defined in Appendix A), the Depository will select the Securities to be redeemed
in accordance with its operational arrangements. If the Securities are not Global Securities held by the Depository, selection of the Securities for redemption will be made by the Trustee on a pro rata basis to the extent practicable; provided that
no Securities of $2,000 or less shall be redeemed in part. The Trustee shall make the selection from outstanding Securities not previously called for redemption. The Trustee may select for redemption portions of the principal of Securities that have
denominations larger than $2,000. Securities and portions of them the Trustee selects shall be in amounts of $2,000 or any integral multiple of $1,000 in excess thereof. Provisions of this Indenture that apply to Securities called for redemption
also apply to portions of Securities called for redemption. The Trustee shall notify the Company promptly of the Securities or portions of Securities to be redeemed. 

Section 3.05.    Notice of Optional Redemption. (a) At least 30 days but not more than 60 days before a
redemption date pursuant to Paragraph 5 of the Security, the Company shall mail or cause to be mailed by first-class mail, or in the case of Global Notes send or cause to be sent in accordance with Applicable Procedures, a notice of redemption to
each Holder whose Securities are to be redeemed. 
 Any such notice shall identify the Securities to be redeemed and shall state: 

(i)    the redemption date, the paragraph of the Securities and/or Section of this Indenture pursuant to
which the Securities called for redemption are being redeemed, and any conditions to such redemption; 

(ii)    the redemption price (or manner of calculation thereof if not then known) and the amount of accrued
interest to the redemption date; 

  
 48 








 (iii)    the name and address of the Paying Agent; 

(iv)    that Securities called for redemption must be surrendered to the Paying Agent to collect the
redemption price, plus accrued interest; 
 (v)    if fewer than all the outstanding Securities are to be
redeemed, the certificate numbers and principal amounts of the particular Securities to be redeemed, the aggregate principal amount of Securities to be redeemed and the aggregate principal amount of Securities to be outstanding after such partial
redemption; 
 (vi)    that, unless the Company defaults in making such redemption payment or the Paying
Agent is prohibited from making such payment pursuant to the terms of this Indenture and subject to the satisfaction of any conditions for such redemption, interest on Securities (or portion thereof) called for redemption ceases to accrue on and
after the redemption date; 
 (vii)    the CUSIP number, ISIN and/or “Common Code”
number, if any, printed on the Securities being redeemed; and 
 (viii)    that no representation is made
as to the correctness or accuracy of the CUSIP number or ISIN and/or “Common Code” number, if any, listed in such notice or printed on the Securities. 

(b)    At the Company’s prior written request, the Trustee shall give the notice of redemption in the Company’s
name and at the Company’s expense. In such event, the Company shall provide such prior writen request together with the notice to be given setting forth the information required by this Section at least five Business Days (unless the Trustee
consents to a shorter period) prior to the date such notice is to be provided to Holders and such notice may not be canceled. 

Section 3.06.    Effect of Notice of Redemption. Once notice of redemption is mailed or sent in accordance
with Section 3.05 and subject to the satisfaction of any conditions for such redemption, Securities called for redemption become due and payable on the redemption date and at the redemption price stated in the notice, except as provided in the
final sentence of paragraph 5 of the Securities. Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price stated in the notice, plus accrued interest, to, but not including, the redemption date; provided, however,
that if the redemption date is after a regular record date and on or prior to the interest payment date, the accrued interest shall be payable to the Holder of the redeemed Securities registered on the relevant record date. Failure to give notice or
any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder. 

Section 3.07.    Deposit of Redemption Price. With respect to any Securities, prior to 10:00 a.m., New York
City time, on the redemption date, the Company shall deposit with the Paying Agent (or, if the Company or a Wholly Owned Subsidiary is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the redemption price of and accrued
interest on all Securities or portions thereof to be redeemed on that date other 

  
 49 








 
than Securities or portions of Securities called for redemption that have been delivered by the Company to the Trustee for cancellation. On and after the redemption date, interest shall cease to
accrue on Securities or portions thereof called for redemption so long as the Company has deposited with the Paying Agent funds sufficient to pay the principal of, plus accrued and unpaid interest on, the Securities to be redeemed, unless the Paying
Agent is prohibited from making such payment pursuant to the terms of this Indenture. 

Section 3.08.    Securities Redeemed in Part. Upon surrender of a Security that is redeemed in part, the
Company shall execute and the Trustee shall authenticate for the Holder (at the Company’s expense) a new Security equal in principal amount to the unredeemed portion of the Security surrendered. 

ARTICLE 4 

COVENANTS 

Section 4.01.    Payment of Securities. The Company shall promptly pay the principal of and interest on the
Securities on the dates and in the manner provided in the Securities and in this Indenture. An installment of principal of or interest shall be considered paid on the date due if on such date the Trustee or the Paying Agent holds as of 12:00 p.m.
Eastern time money sufficient to pay all principal and interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. 

The Company shall pay interest on overdue principal at the rate borne by the Securities, and it shall pay interest on overdue installments of
interest at the same rate to the extent lawful. 
 Section 4.02.    Reports and Other Information.
(a) Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act or otherwise report on an annual and quarterly basis on forms provided for such annual and quarterly reporting
pursuant to rules and regulations promulgated by the SEC, the Company shall file with the SEC (and provide the Trustee and Holders with copies thereof, without cost to each Holder, within 15 days after it files them with the SEC), 

(i)    within the time period specified in the SEC’s rules and regulations for non-accelerated filers, annual reports on Form 10-K (or any successor or comparable form) containing the information required to be filed therein (or required in such
successor or comparable form), 
 (ii)    within the time period specified in the SEC’s rules and
regulations for non-accelerated filers, reports on Form 10-Q (or any successor or comparable form) containing the information required to be filed therein (or required
in such successor or comparable form), and 
 (iii)    promptly from time to time after the occurrence of
an event required to be therein reported (and in any event within the time period specified in the SEC’s rules and regulations), such other reports on Form 8-K (or any successor or comparable form); 

  
 50 








 provided, however, that the Company shall not be so obligated to file such reports with the SEC if
the SEC does not permit such filing, in which event the Company shall make available such information to prospective purchasers of Securities, in addition to providing such information to the Trustee and the Holders, in each case within 15 days
after the time the Company would be required to file such information with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act. 

(b)    In the event that: 

(i)    Rexnord Corporation or any other direct or indirect parent of the Company files reports as set forth
above and such parent entity of the Company is not engaged in any business in any material respect other than incidental to its ownership, directly or indirectly, of the capital stock of the Company, or 

(ii)    for so long as Rexnord Corporation or any other direct or indirect parent of the Company is a
Guarantor of the Securities, such consolidating reporting at such parent entity’s level in a manner consistent with that described in this Section 4.02 for the Company will satisfy this Section 4.02 and this Indenture will permit the
Company to satisfy its obligations in this Section 4.02 by furnishing information relating to such direct or indirect parent; provided that such financial information is accompanied by consolidating information that explains in
reasonable detail the differences between the information relating to such direct or indirect parent and any of its Subsidiaries other than the Issuers and their Subsidiaries, on the one hand, and the information relating to the Issuers and the
Subsidiaries of the Issuers on a standalone basis, on the other hand. 
 (c)    The Company shall make such information
available to prospective investors upon request. In addition, the Company shall, for so long as any Securities remain outstanding during any period when it is not subject to Section 13 or 15(d) of the Exchange Act, or otherwise permitted to
furnish the SEC with certain information pursuant to Rule 12g3-2(b) of the Exchange Act, furnish to the Holders of the Securities and to prospective investors, upon their request, the information required to
be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
 Notwithstanding the foregoing, the Company will be deemed to have
furnished such reports referred to above to the Trustee and the Holders if the Company has filed such reports with the SEC via the EDGAR filing system and such reports are publicly available. 

Delivery of reports, information and documents to the Trustee hereunder is for informational purposes only and the Trustee’s receipt of
any such reports, information and documents shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder
(as to which the Trustee is entitled to rely 

  
 51 








 
exclusively on Officer’s Certificates or certificates or statements delivered to the Trustee pursuant to Section 4.09). The Trustee shall not be obligated to monitor or confirm, on a
continuing basis or otherwise, compliance with the covenants or with respect to any reports or other documents filed with the SEC or EDGAR or any website under this Indenture, or participate in any conference calls. 

Section 4.03.    Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred
Stock. (a) (i) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) or issue any shares of Disqualified Stock; and (ii) the
Company shall not permit any of its Restricted Subsidiaries (other than a Guarantor or Rexnord) to issue any shares of Preferred Stock; provided, however, that the Company and any Restricted Subsidiary may Incur Indebtedness (including
Acquired Indebtedness) or issue shares of Disqualified Stock and any Restricted Subsidiary may issue shares of Preferred Stock, in each case if the Fixed Charge Coverage Ratio of the Company for the most recently ended four full fiscal quarters for
which internal financial statements are available immediately preceding the date on which such additional Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00 determined on a pro
forma basis (including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been Incurred, or the Disqualified Stock or Preferred Stock had been issued, as the case may be, and the application of proceeds
therefrom had occurred at the beginning of such four-quarter period. 
 (b)    The limitations set forth in
Section 4.03(a) shall not apply to: 
 (i)    the Incurrence by the Company or its Restricted
Subsidiaries of Indebtedness under the Credit Agreement and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal
to the face amount thereof) in the aggregate principal amount outstanding at any one time not to exceed the sum of (x) $1,064.0 million plus (y) an aggregate additional principal amount, if any, of Indebtedness (for purposes of this
(y) only, treating all Indebtedness then outstanding under this (i) together with such Indebtedness to be Incurred as Secured Indebtedness) that does not cause the Secured Indebtedness Leverage Ratio of the Company to exceed 4.00 to
1.00 determined on a pro forma basis (including a pro forma application of the net proceeds therefrom); 

(ii)    the Incurrence by the Issuers and the Guarantors of Indebtedness represented by the Original
Securities (not including any Additional Securities) and the Guarantees, as applicable; 

(iii)    Indebtedness existing on the Issue Date (other than Indebtedness described in clauses (i) and
(ii) of this Section 4.03(b)); 
 (iv)    Indebtedness (including Capitalized Lease Obligations)
Incurred by the Company or any of its Restricted Subsidiaries, Disqualified Stock issued 

  
 52 








 
by the Company or any of its Restricted Subsidiaries and Preferred Stock issued by any Restricted Subsidiaries of the Company to finance (whether prior to or within 270 days after) the
acquisition, lease, construction, repair, replacement or improvement of property (real or personal) or equipment (whether through the direct purchase of assets or the Capital Stock of any Person owning such assets) in an aggregate principal amount
which, when aggregated with the principal amount of all other Indebtedness, Disqualified Stock and Preferred Stock then outstanding that was Incurred pursuant to this (iv), does not exceed the greater of $170.0 million and 5.75% of Total Assets
at the time of Incurrence; 
 (v)    Indebtedness Incurred by the Company or any of its Restricted
Subsidiaries constituting reimbursement obligations with respect to letters of credit and bank guarantees issued in the ordinary course of business, including without limitation letters of credit in respect of workers’ compensation claims,
health, disability or other benefits to employees or former employees or their families or property, casualty or liability insurance or self-insurance, and letters of credit in connection with the maintenance of, or pursuant to the requirements of,
environmental or other permits or licenses from governmental authorities, or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims; 

(vi)    Indebtedness arising from agreements of the Company or a Restricted Subsidiary providing for
indemnification, adjustment of purchase price or similar obligations, in each case, Incurred in connection with any acquisition or disposition of any business, assets or a Subsidiary of the Company in accordance with the terms of this Indenture,
other than guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition; 

(vii)    Indebtedness of the Company to a Restricted Subsidiary; provided that (except in respect of
intercompany current liabilities incurred in the ordinary course of business in connection with the cash management, tax and accounting operations of the Company and its Restricted Subsidiaries) any such Indebtedness owed to a Restricted Subsidiary
that is not Rexnord or a Guarantor is subordinated in right of payment to the obligations of the Company under the Securities; provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results
in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted
Lien) shall be deemed, in each case, to be an Incurrence of such Indebtedness not permitted by this (vii); 

(viii)    shares of Preferred Stock of a Restricted Subsidiary issued to the Company or another Restricted
Subsidiary; provided that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary that holds such shares of Preferred Stock of another Restricted Subsidiary ceasing to be a
Restricted Subsidiary or any other subsequent transfer 

  
 53 








 
of any such shares of Preferred Stock (except to the Company or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred Stock not permitted by this
(viii); 
 (ix)    Indebtedness of a Restricted Subsidiary to the Company or another Restricted
Subsidiary; provided that if a Guarantor or Rexnord incurs such Indebtedness to a Restricted Subsidiary that is not a Guarantor or Rexnord (except in respect of intercompany current liabilities incurred in the ordinary course of business in
connection with the cash management, tax and accounting operations of the Company and its Restricted Subsidiaries), such Indebtedness is subordinated in right of payment to the Guarantee of such Guarantor or the obligations of Rexnord;
provided, further, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary holding such Indebtedness ceasing to be a Restricted Subsidiary or any other subsequent
transfer of any such Indebtedness (except to the Company or another Restricted Subsidiary or any pledge of such Indebtedness constituting a Permitted Lien) shall be deemed, in each case, to be an Incurrence of such Indebtedness not permitted by this
(ix); 
 (x)    Hedging Obligations that are not incurred for speculative purposes but (1) for the
purpose of fixing or hedging interest rate risk with respect to any Indebtedness that is permitted by the terms of this Indenture to be outstanding; (2) for the purpose of fixing or hedging currency exchange rate risk with respect to any
currency exchanges; or (3) for the purpose of fixing or hedging commodity price risk with respect to any commodity purchases or sales; 

(xi)    obligations (including reimbursement obligations with respect to letters of credit and bank
guarantees) in respect of performance, bid, appeal and surety bonds and completion guarantees provided by the Company or any Restricted Subsidiary in the ordinary course of business or consistent with past practice or industry practice; 

(xii)    Indebtedness or Disqualified Stock of the Company or any Restricted Subsidiary of the Company and
Preferred Stock of any Restricted Subsidiary of the Company not otherwise permitted hereunder in an aggregate principal amount or liquidation preference, which when aggregated with the principal amount or liquidation preference of all other
Indebtedness, Disqualified Stock and Preferred Stock then outstanding and Incurred pursuant to this (xii), does not exceed the greater of $200.0 million and 7.5% of Total Assets at any one time outstanding (it being understood that any
Indebtedness Incurred pursuant to this (xii) shall cease to be deemed Incurred or outstanding for purposes of this (xii) but shall be deemed Incurred for purposes of Section 4.03(a) from and after the first date on which the Company,
or the Restricted Subsidiary, as the case may be, could have Incurred such Indebtedness under Section 4.03(a) without reliance upon this (xii)); 

  
 54 








 (xiii)    any guarantee by the Company, Rexnord or a
Guarantor of Indebtedness or other obligations of the Company or any of its Restricted Subsidiaries so long as the Incurrence of such Indebtedness Incurred by the Company or such Restricted Subsidiary is permitted under the terms of this Indenture;
provided that if such Indebtedness is by its express terms subordinated in right of payment to the Securities or the Guarantee of such Restricted Subsidiary, as applicable, any such guarantee with respect to such Indebtedness shall be
subordinated in right of payment to such Issuer’s obligations or such Guarantor’s Guarantee with respect to the Securities substantially to the same extent as such Indebtedness is subordinated to the Securities or the Guarantee of such
Restricted Subsidiary, as applicable; 
 (xiv)    the Incurrence by the Company or any of its Restricted
Subsidiaries of Indebtedness or Disqualified Stock or Preferred Stock of a Restricted Subsidiary of the Company which serves to refund, refinance or defease any Indebtedness Incurred or Disqualified Stock or Preferred Stock issued as permitted under
Section 4.03(a) and clauses (i)(y), (ii), (iii), (iv), (vii), (xii), (xiv), (xv) or (xix) of this Section 4.03(b) or any Indebtedness, Disqualified Stock or Preferred Stock Incurred to so refund or refinance such Indebtedness,
Disqualified Stock or Preferred Stock, including any additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay premiums (including tender premiums), fees, expenses and defeasance costs in connection therewith (subject to the
following proviso, “Refinancing Indebtedness”) prior to its respective maturity; provided, however, that such Refinancing Indebtedness: 

(1)    has a Weighted Average Life to Maturity at the time such Refinancing Indebtedness is Incurred which
is not less than the shorter of (x) the remaining Weighted Average Life to Maturity of the Indebtedness, Disqualified Stock or Preferred Stock being refunded, refinanced or defeased and (y) the Weighted Average Life to Maturity that would
result if all payments of principal on the Indebtedness, Disqualified Stock and Preferred Stock being refunded or refinanced that were due on or after the date that is one year following the last maturity date of any Securities then outstanding were
instead due on such date; 
 (2)    has a Stated Maturity which is not earlier than the earlier of
(x) the Stated Maturity of the Indebtedness being refunded or refinanced or (y) 91 days following the last maturity date of the Securities; 

(3)    to the extent such Refinancing Indebtedness refinances (a) Indebtedness junior to the
Securities or a Guarantee, as applicable, such Refinancing Indebtedness is junior, as applicable, to the Securities or a Guarantee, as applicable, or (b) Disqualified Stock or Preferred Stock, such Refinancing Indebtedness is Disqualified Stock
or Preferred Stock; 

  
 55 








 (4)    is Incurred in an aggregate amount (or if issued with
original issue discount, an aggregate issue price) that is equal to or less than the aggregate amount (or if issued with original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced plus premium
(including tender premium), fees, expenses and defeasance costs Incurred in connection with such refinancing; 

(5)    shall not include (x) Indebtedness of a Restricted Subsidiary of the Company that is not a
Guarantor that refinances Indebtedness of the Company or a Restricted Subsidiary that is a Guarantor, or (y) Indebtedness of the Company or a Restricted Subsidiary that refinances Indebtedness of an Unrestricted Subsidiary; and 

(6)    in the case of any Refinancing Indebtedness Incurred to refinance Indebtedness outstanding under
(iv), (xii) or (xix) of this Section 4.03(b), shall be deemed to have been Incurred and to be outstanding under such (iv), (xii) or (xix) of this Section 4.03(b), as applicable, and not this (xiv) for purposes of determining
amounts outstanding under such clauses (iv), (xii) or (xix) of this Section 4.03(b); 
 provided, further, that subs
(1) and (2) of this (xiv) shall not apply to any refunding or refinancing of any Bank Indebtedness; 

(xv)    Indebtedness, Disqualified Stock or Preferred Stock of (x) the Company or any Restricted
Subsidiary incurred to finance an acquisition or (y) Persons that are acquired by the Company or any of its Restricted Subsidiaries or merged, consolidated or amalgamated with or into the Company or a Restricted Subsidiary in accordance with
the terms of this Indenture; provided, however, that after giving effect to such acquisition or merger, consolidation or amalgamation either: 

(1)    the Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the
Fixed Charge Coverage Ratio test set forth in Section 4.03(a); or 
 (2)    the Fixed Charge
Coverage Ratio would be greater than immediately prior to such acquisition or merger, consolidation or amalgamation; 

(xvi)    Indebtedness Incurred by a Receivables Subsidiary in a Qualified Receivables Financing that is not
recourse to the Company or any Restricted Subsidiary other than a Receivables Subsidiary (except for Standard Securitization Undertakings); 

  
 56 








 (xvii)    Indebtedness arising from the honoring by a bank or
other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five Business Days of its Incurrence; 

(xviii)    Indebtedness of the Company or any Restricted Subsidiary supported by a letter of credit or bank
guarantee issued pursuant to the Credit Agreement, in a principal amount not in excess of the stated amount of such letter of credit; 

(xix)    (1) Indebtedness of Foreign Subsidiaries or (2) Indebtedness of the Company or any Restricted
Subsidiaries Incurred in connection with an Investment in, or representing guarantees of Indebtedness of, joint ventures of the Company or any Restricted Subsidiary in an aggregate principal amount, under this (xix), not to exceed the greater of
$150.0 million or 5.0% of Total Assets at the time of Incurrence; 
 (xx)    Indebtedness of the
Company or any Restricted Subsidiary consisting of (x) the financing of insurance premiums or (y) take-or-pay obligations contained in supply arrangements, in
each case, in the ordinary course of business; 
 (xxi)    Indebtedness consisting of customary
indemnification, adjustment of purchase price or similar obligations of the Company or any Restricted Subsidiary, in each case Incurred in connection with the acquisition or disposition of any assets by the Company or any Restricted Subsidiary; and

 (xxii)    Indebtedness of the Company or any Restricted Subsidiary issued to any joint venture
(regardless of the form of legal entity) that is not a Subsidiary arising in the ordinary course of business in connection with the cash management operations (including with respect to intercompany self-insurance arrangements of the Company or any
of its Restricted Subsidiaries). 
 For purposes of determining compliance with this Section 4.03: 

(1)    in the event that an item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion
thereof) meets the criteria of more than one of the categories of permitted Indebtedness described in clauses (i) through (xxii) above or is entitled to be Incurred pursuant to Section 4.03(a), the Issuers shall, in their sole discretion,
classify or reclassify, or later divide, classify or reclassify, such item of Indebtedness, Disqualified Stock or Preferred Stock (or any portion thereof) in any manner that complies with this Section 4.03, provided that Indebtedness
outstanding on the Issue Date under the Credit Agreement should at all times be deemed incurred under clause (i) above; and 

  
 57 








 (2)    at the time of Incurrence, the Issuers will be
entitled to divide and classify an item of Indebtedness in more than one of the types of Indebtedness described in Sections 4.03(a) and clauses (i) through (xxii) of this Section 4.03(b) without giving pro forma effect to the Indebtedness
Incurred pursuant to clauses (i) through (xxii) of this Section 4.03(b) when calculating the amount of Indebtedness that may be Incurred pursuant to Section 4.03(a). 

Accrual of interest, the accretion of accreted value, the payment of interest in the form of additional Indebtedness with the same terms, the
payment of dividends on Preferred Stock in the form of additional shares of Preferred Stock of the same class, amortization or accretion of original issue discount or liquidation preference and increases in the amount of Indebtedness outstanding
solely as a result of fluctuations in the exchange rate of currencies shall not be deemed to be an Incurrence of Indebtedness, Disqualified Stock or Preferred Stock for purposes of this Section 4.03. Guarantees of, or obligations in respect of
letters of credit relating to, Indebtedness which is otherwise included in the determination of a particular amount of Indebtedness shall not be included in the determination of such amount of Indebtedness; provided that the Incurrence of the
Indebtedness represented by such guarantee or letter of credit, as the case may be, was in compliance with this Section 4.03. 
 For
purposes of determining compliance with any U.S. dollar-denominated restriction on the Incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the
relevant currency exchange rate in effect on the date such Indebtedness was Incurred, in the case of term debt, or first committed or first Incurred (whichever yields the lower U.S. dollar equivalent), in the case of revolving credit debt;
provided that if such Indebtedness is Incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant
currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated restriction shall be deemed not to have been exceeded so long as the principal amount of such refinancing Indebtedness does not exceed the principal
amount of such Indebtedness being refinanced. 
 Section 4.04.    Limitation on Restricted Payments.
(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(i)    declare or pay any dividend or make any distribution on account of the Company’s or any of its
Restricted Subsidiaries’ Equity Interests, including any payment made in connection with any merger, amalgamation or consolidation involving the Company (other than (A) dividends or distributions by the Company payable solely in Equity
Interests (other than Disqualified Stock) of the Company; or (B) dividends or distributions by a Restricted Subsidiary so long as, 

  
 58 








 
in the case of any dividend or distribution payable on or in respect of any class or series of securities issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary, the
Company or a Restricted Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its Equity Interests in such class or series of securities); 

(ii)    purchase or otherwise acquire or retire for value any Equity Interests of the Company or any direct
or indirect parent of the Company; 
 (iii)    make any principal payment on, or redeem, repurchase,
defease or otherwise acquire or retire for value, in each case prior to any scheduled repayment or scheduled maturity, any Subordinated Indebtedness of the Company or any of its Restricted Subsidiaries (other than the payment, redemption,
repurchase, defeasance, acquisition or retirement of (A) Subordinated Indebtedness in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such payment,
redemption, repurchase, defeasance, acquisition or retirement and (B) Indebtedness permitted under clauses (vii) and (ix) of Section 4.03(b)); or 

(iv)    make any Restricted Investment 

(all such payments and other actions set forth in clauses (i) through (iv) above being collectively referred to as “Restricted
Payments”), unless, at the time of such Restricted Payment: 
 (1)    no Default shall have
occurred and be continuing or would occur as a consequence thereof; 
 (2)    immediately after giving
effect to such transaction on a pro forma basis, the Company could Incur $1.00 of additional Indebtedness under Section 4.03(a); and 

(3)    such Restricted Payment, together with the aggregate amount of all other Restricted Payments made
by the Company and its Restricted Subsidiaries after the Issue Date (including Restricted Payments permitted by clauses (i), (iv) (only to the extent of one-half of the amounts paid pursuant to such clause),
(vi) and (viii) of Section 4.04(b), but excluding all other Restricted Payments permitted by Section 4.04(b)), is less than the amount equal to the Cumulative Credit (with the amount of any Restricted Payment made under this
Section 4.04 in any property other than cash being equal to the Fair Market Value (as determined in good faith by the Company) of such property at the time made). 

  
 59 








 (b)    The provisions of Section 4.04(a) shall not prohibit: 

(i)    the payment of any dividend or distribution within 60 days after the date of declaration thereof, if
at the date of declaration such payment would have complied with the provisions of this Indenture; 

(ii)    (A) the redemption, repurchase, retirement or other acquisition of any Equity Interests
(“Retired Capital Stock”) of the Company or any direct or indirect parent of the Company or Subordinated Indebtedness of the Company, any direct or indirect parent of the Company or any Guarantor in exchange for, or out of the
proceeds of, the substantially concurrent sale of, Equity Interests of the Company or any direct or indirect parent of the Company or contributions to the equity capital of the Company (other than any Disqualified Stock or any Equity Interests sold
to a Subsidiary of the Company or to an employee stock ownership plan or any trust established by the Company or any of its Subsidiaries) (collectively, including any such contributions, “Refunding Capital Stock”); and 

(B)    the declaration and payment of accrued dividends on the Retired Capital Stock out of the proceeds of
the substantially concurrent sale (other than to a Subsidiary of the Company or to an employee stock ownership plan or any trust established by the Company or any of its Subsidiaries) of Refunding Capital Stock; 

(iii)    the redemption, repurchase, defeasance or other acquisition or retirement of Subordinated
Indebtedness of the Company or any Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of the Company or a Guarantor which is Incurred in accordance with Section 4.03 so long as: 

(A)    the principal amount (or accreted value, if applicable) of such new Indebtedness does not exceed the
principal amount (or accreted value, if applicable), plus any accrued and unpaid interest of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired for value (plus the amount of any premium required to be paid under the
terms of the instrument governing the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired plus any tender premiums or any defeasance costs, fees and expenses incurred in connection therewith), 

(B)    such Indebtedness is subordinated to the Securities or the related Guarantee, as the case may be, at
least to the same extent as such Subordinated Indebtedness so purchased, exchanged, redeemed, repurchased, defeased, acquired or retired for value, 

(C)    such Indebtedness has a final scheduled maturity date equal to or later than the earlier of
(x) the final scheduled maturity date of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) 91 days following the last maturity date of any Securities then outstanding, and 

  
 60 








 (D)    such Indebtedness has a Weighted Average Life to
Maturity at the time Incurred which is not less than the shorter of (x) the remaining Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, defeased, acquired or retired and (y) the Weighted
Average Life to Maturity that would result if all payments of principal on the Subordinated Indebtedness being redeemed, repurchased, acquired or retired that were due on or after the date that is one year following the last maturity date of any
Securities then outstanding were instead due on such date one year following the last date of maturity of the Securities; 

(iv)    the repurchase, retirement or other acquisition (or dividends to any direct or indirect parent of
the Company to finance any such repurchase, retirement or other acquisition) for value of Equity Interests of the Company or any direct or indirect parent of the Company held by any future, present or former employee, director or consultant of the
Company or any direct or indirect parent of the Company or any Subsidiary of the Company pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement; provided,
however, that the aggregate amounts paid under this (iv) do not exceed $25.0 million in any calendar year (with unused amounts in any calendar year being permitted to be carried over for succeeding calendar years); provided,
further, however, that such amount in any calendar year may be increased by an amount not to exceed: 

(A)    the cash proceeds received by the Company or any of its Restricted Subsidiaries from the sale of
Equity Interests (other than Disqualified Stock) of the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) to members of management, directors or consultants of the Company and its Restricted
Subsidiaries or any direct or indirect parent of the Company that occurs after the Issue Date (provided that the amount of such cash proceeds utilized for any such repurchase, retirement, other acquisition or dividend shall not increase the
amount available for Restricted Payments under Section 4.04(a)(iv)(3)); plus 
 (B)    the cash
proceeds of key man life insurance policies received by the Company or any direct or indirect parent of the Company (to the extent contributed to the Company) or the Company’s Restricted Subsidiaries after the Issue Date; 

provided that the Company may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and (B) above in any
calendar year; and provided, further, that cancellation of Indebtedness owing to the Company or any Restricted Subsidiary from any present or former employees, directors, officers or consultants of the Company or any Restricted Subsidiary or
the direct or indirect parent of the Company will not be deemed to constitute a Restricted Payment for purposes of this Section 4.04 or any other provision of this Indenture; 

  
 61 








 (v)    the declaration and payment of dividends or
distributions to holders of any class or series of Disqualified Stock of the Company or any of its Restricted Subsidiaries issued or incurred in accordance with Section 4.03; 

(vi)    the declaration and payment of dividends or distributions (a) to holders of any class or
series of Designated Preferred Stock (other than Disqualified Stock) issued after the Issue Date and (b) to any direct or indirect parent of the Company, the proceeds of which will be used to fund the payment of dividends to holders of any
class or series of Designated Preferred Stock (other than Disqualified Stock) of any direct or indirect parent of the Company issued after the Issue Date; provided, however, that, (A) for the most recently ended four full fiscal
quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated Preferred Stock, after giving effect to such issuance (and the payment of dividends or distributions) on a pro forma basis,
the Company would have had a Fixed Charge Coverage Ratio of at least 2.00 to 1.00 and (B) the aggregate amount of dividends declared and paid pursuant to this (vi) does not exceed the net cash proceeds actually received by the Company from
any such sale of Designated Preferred Stock (other than Disqualified Stock) issued after the Issue Date; 

(vii)    Investments in Unrestricted Subsidiaries having an aggregate Fair Market Value (as determined in
good faith by the Company), taken together with all other Investments made pursuant to this (vii) that are at that time outstanding, not to exceed the greater of $75.0 million or 3.0% of Total Assets at the time of such Investment (with
the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); 

(viii)    the payment of dividends on the Company’s common stock (or a Restricted Payment to any
direct or indirect parent of the Company, as the case may be, to fund the payment by such direct or indirect parent of the Company of dividends on such entity’s common stock) of up to 6.0% per annum of the net proceeds received by the Company
from any public offering of common stock of the Company or any direct or indirect parent of the Company after the Issue Date; 

(ix)    Restricted Payments that are made with Excluded Contributions; 

(x)    other Restricted Payments in an aggregate amount not to exceed $75.0 million; 

(xi)    the distribution, as a dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed
to the Company or a Restricted Subsidiary of the Company by, Unrestricted Subsidiaries; 
 (xii)    the
payment of dividends or other distributions to any direct or indirect parent of the Company in amounts required for such parent to pay federal, state or local income taxes (as the case may be) imposed directly on such parent to the extent such
income taxes are attributable to the income of the Company and 

  
 62 








 
its Restricted Subsidiaries (including, without limitation, by virtue of such parent being the common parent of a consolidated or combined tax group of which the Company and/or its Restricted
Subsidiaries are members); 
 (xiii)    Restricted Payments: 

(A)    in amounts required for any direct or indirect parent of the Company, including Rexnord Corporation,
if applicable, to pay fees and expenses (including franchise or similar taxes) required to maintain its corporate existence, customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and employees of any
direct or indirect parent of the Company, if applicable, and general corporate overhead expenses of any direct or indirect parent of the Company, if applicable, in each case to the extent such fees and expenses are attributable to the ownership or
operation of the Company, if applicable, and its Subsidiaries; 
 (B)    in amounts required for any
direct or indirect parent of the Company, if applicable, to pay interest and/or principal on Indebtedness the proceeds of which have been contributed to the Company or any of its Restricted Subsidiaries and that has been guaranteed by, or is
otherwise considered Indebtedness of, the Company Incurred in accordance with Section 4.03; and 

(C)    in amounts required for any direct or indirect parent of the Company to pay fees and expenses, other
than to its Affiliates, related to any unsuccessful equity or debt offering of such parent. 

(xiv)    repurchases of Equity Interests deemed to occur upon exercise of stock options or warrants if such
Equity Interests represent a portion of the exercise price of such options or warrants; 

(xv)    purchases of receivables pursuant to a Receivables Repurchase Obligation in connection with a
Qualified Receivables Financing and the payment or distribution of Receivables Fees; 

(xvi)    Restricted Payments by the Company or any Restricted Subsidiary to allow the payment of cash in
lieu of the issuance of fractional shares upon the exercise of options or warrants or upon the conversion or exchange of Capital Stock of any such Person; 

(xvii)    the repurchase, redemption or other acquisition or retirement for value of any Subordinated
Indebtedness pursuant to the provisions similar to those described under Sections 4.06 and 4.08; provided that all Securities tendered by Holders in connection with a Change of Control Offer or Asset Sale Offer, as applicable, have been
repurchased, redeemed or acquired for value; 

  
 63 








 (xviii)    payments or distributions to dissenting
stockholders pursuant to applicable law, pursuant to or in connection with a consolidation, amalgamation, merger or transfer of all or substantially all of the assets of the Company and the Restricted Subsidiaries, taken as a whole, that complies
with Section 5.01, provided that as a result of such consolidation, amalgamation, merger or transfer of assets, the Issuers shall have made a Change of Control Offer (if required by this Indenture) and that all Securities tendered by
Holders in connection with such Change of Control Offer have been repurchased, redeemed or acquired for value; 

(xix)    Restricted Payments to any direct or indirect parent of the Company to fund all payments of
dividends provided for under the terms of Rexnord Corporation’s 5.75% Series A Mandatory Convertible Preferred Stock outstanding on the Issue Date (as such terms are in effect on the Issue Date); and 

(xx)    any Restricted Payment, provided that, on a pro forma basis, after giving effect thereto, the Total
Leverage Ratio of the Company does not exceed 3.00 to 1.00; 
 provided, however, that at the time of, and after giving effect to, any
Restricted Payment permitted under clauses (vi), (vii), (x), (xi) and (xx) of this Section 4.04(b), no Default shall have occurred and be continuing or would occur as a consequence thereof. 

(c)    As of the Issue Date, all of the Company’s Subsidiaries shall be Restricted Subsidiaries. The Company shall
not permit any Unrestricted Subsidiary to become a Restricted Subsidiary except pursuant to the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all
outstanding Investments by the Company and its Restricted Subsidiaries (except to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the
definition of “Investments.” Such designation shall only be permitted if a Restricted Payment or Permitted Investment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an
Unrestricted Subsidiary. 
 Section 4.05.    Dividend and Other Payment Restrictions Affecting Subsidiaries.
The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or consensual restriction on the ability of any
Restricted Subsidiary to: 
 (a)    (i) pay dividends or make any other distributions to the Company or any of its
Restricted Subsidiaries (1) on its Capital Stock; or (2) with respect to any other interest or participation in, or measured by, its profits; or (ii) pay any Indebtedness owed to the Company or any of its Restricted Subsidiaries; 

(b)    make loans or advances to the Company or any of its Restricted Subsidiaries; 

  
 64 








 (c)    sell, lease or transfer any of its properties or assets to the Company
or any of its Restricted Subsidiaries; or 
 (d)    in the case of Rexnord, make any payments with respect to the
Securities; 
 except in each case for such encumbrances or restrictions existing under or by reason of: 

(1)    contractual encumbrances or restrictions in effect on the Issue Date, including pursuant to the
Credit Agreement and the other Credit Agreement Documents; 
 (2)    this Indenture and the Securities
(and all guarantees thereof); 
 (3)    applicable law or any applicable rule, regulation or order; 

(4)    any agreement or other instrument relating to Indebtedness of a Person acquired by the Company or
any Restricted Subsidiary which was in existence at the time of such acquisition (but not created in contemplation thereof or to provide all or any portion of the funds or credit support utilized to consummate such acquisition), which encumbrance or
restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 

(5)    contracts or agreements for the sale of assets, including any restriction with respect to a
Restricted Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of the Capital Stock or assets of such Restricted Subsidiary pending the closing of such sale or disposition; 

(6)    Secured Indebtedness otherwise permitted to be Incurred pursuant to Sections 4.03 and 4.12 that
limit the right of the debtor to dispose of the assets securing such Indebtedness; 

(7)    restrictions on cash or other deposits or net worth imposed by customers under contracts entered
into in the ordinary course of business; 
 (8)    customary provisions in joint venture agreements and
other similar agreements entered into in the ordinary course of business; 
 (9)    purchase money
obligations for property acquired and Capitalized Lease Obligations in the ordinary course of business that impose restrictions of the nature discussed in (c) above on the property so acquired; 

  
 65 








 (10)    customary provisions contained in leases, licenses
and other similar agreements entered into in the ordinary course of business that impose restrictions of the type described in (c) above on the property subject to such lease; 

(11)    any encumbrance or restriction of a Receivables Subsidiary effected in connection with a Qualified
Receivables Financing; provided, however, that such restrictions apply only to such Receivables Subsidiary; 

(12)    other Indebtedness, Disqualified Stock or Preferred Stock of (a) the Company or any
Restricted Subsidiary of the Company that is a Guarantor or a Foreign Subsidiary of the Company or (b) of any Restricted Subsidiary that is not a Guarantor or a Foreign Subsidiary so long as such encumbrances and restrictions contained in any
agreement or instrument will not materially affect the Issuers’ ability to make anticipated principal or interest payments on the Securities (as determined in good faith by the Company), provided that in the case of each of clause (a) and
(b), such Indebtedness, Disqualified Stock or Preferred Stock is permitted to be Incurred subsequent to the Issue Date by of Section 4.03; 

(13)    any Restricted Investment not prohibited by Section 4.04 and any Permitted Investment; or

 (14)    any encumbrances or restrictions of the type referred to in clauses (a), (b) and
(c) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (13) above;
provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of the Issuers, no more restrictive with respect to such dividend and other
payment restrictions than those contained in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

For purposes of determining compliance with this Section 4.05, (i) the priority of any Preferred Stock in receiving dividends or
liquidating distributions prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans or


  
 66 








 
advances made to the Company or a Restricted Subsidiary of the Company to other Indebtedness Incurred by the Company or any such Restricted Subsidiary shall not be deemed a restriction on the
ability to make loans or advances. 
 Section 4.06.    Asset Sales. (a) The Company shall not, and
shall not permit any of its Restricted Subsidiaries to, cause or make an Asset Sale, unless (x) the Company or any of its Restricted Subsidiaries, as the case may be, receives consideration at the time of such Asset Sale at least equal to the
Fair Market Value (as determined in good faith by the Issuers) of the assets sold or otherwise disposed of, and (y) at least 75% of the consideration therefor received by the Company or such Restricted Subsidiary, as the case may be, is in the
form of Cash Equivalents; provided that the amount of each of the following shall be deemed Cash Equivalents for this purpose: 

(i)    any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent
balance sheet or in the notes thereto) of the Company or any Restricted Subsidiary of the Company (other than liabilities that are by their terms subordinated to the Securities or any Guarantee) that are assumed by the transferee of any such assets
or that are otherwise cancelled or terminated in connection with the transaction with such transferee, 

(ii)    any notes or other obligations or other securities or assets received by the Company or such
Restricted Subsidiary of the Company from such transferee that are converted by the Company or such Restricted Subsidiary of the Company into cash within 180 days of the receipt thereof (to the extent of the cash received), 

(iii)    any Designated Non-cash Consideration received by the
Company or any of its Restricted Subsidiaries in such Asset Sale having an aggregate Fair Market Value (as determined in good faith by the Company), taken together with all other Designated Non-cash
Consideration received pursuant to this (iii) that is at that time outstanding, not to exceed the greater of 4.0% of Total Assets and $100.0 million at the time of the receipt of such Designated
Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to
subsequent changes in value), 
 (iv)    consideration consisting of Indebtedness of the Company or any
of its Restricted Subsidiaries (other than Indebtedness that by its terms is contractually subordinated to the Securities or the Guarantees), and 

(v)    assets of the type described in (ii) or (iii) of clause (b) below. 

  
 67 








 (b)    Within 455 days after the Company’s or any Restricted Subsidiary
of the Company’s receipt of the Net Proceeds of any Asset Sale, the Company or such Restricted Subsidiary of the Company may apply the Net Proceeds from such Asset Sale, at its option: 

(i)    to repay (A) Secured Indebtedness, including Indebtedness under the Credit Agreement (and, if
the Indebtedness repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto), (B) Indebtedness of a Foreign Subsidiary, (C) Indebtedness of a Restricted Subsidiary that is not a Guarantor or
(D) Pari Passu Indebtedness (provided that if an Issuer or any Guarantor shall so reduce Obligations under unsecured Pari Passu Indebtedness, the Issuers shall equally and ratably reduce Obligations under the Securities as provided under
the optional redemption provisions of Paragraph 5 of the Security, through open-market purchases (provided that such purchases are from non-Affiliates and are at or above 100% of the principal amount thereof)
or by making an offer (in accordance with the procedures set forth below for an Asset Sale Offer) to all Holders to purchase at a purchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, the pro rata
principal amount of Securities) or Indebtedness of a Restricted Subsidiary that is not a Guarantor, in each case other than Indebtedness owed to the Company or an Affiliate of the Company, 

(ii)    to make an Investment in any one or more businesses (provided that if such Investment is in the
form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Company), assets, or property or capital expenditures, in each case (A) used or useful in a Similar Business
or (B) that replace the properties and assets that are the subject of such Asset Sale (or to repay revolving Indebtedness, without a reduction in commitment, used to finance such an Investment within the prior twelve months prior to such Asset
Sale), or 
 (iii)    to make an Investment in any one or more businesses (provided that if such
Investment is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of the Company), properties or assets that replace the properties and assets that are the subject of
such Asset Sale (or to repay revolving Indebtedness, without a reduction in commitment, used to finance such an Investment within the prior twelve months prior to such Asset Sale). 

In the case of Sections 4.06(b)(ii) and (iii), a binding commitment shall be treated as a permitted application of the Net Proceeds from the
date of such commitment; provided that (x) such investment is consummated within 545 days after receipt by the Company or any Restricted Subsidiary of the Net Proceeds of any Asset Sale and (y) if such investment is not consummated
within the period set forth in sub (x), the Net Proceeds not so applied will be deemed to be Excess Proceeds (as defined below). 
 Pending
the final application of any such Net Proceeds, the Company or such Restricted Subsidiary of the Company may temporarily reduce Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Proceeds in any manner not
prohibited by this Indenture. Any Net Proceeds from any Asset Sale that are not applied as provided and within the time period set forth in clauses (a) or (b) of this Section 4.06 (it being understood that any portion of such Net Proceeds
used to make an offer to 

  
 68 








 
purchase Securities, as described in (i) of this Section 4.06(b), shall be deemed to have been invested whether or not such offer is accepted) shall be deemed to constitute
“Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $20.0 million, the Issuers shall make an offer to all Holders of Securities (and, at the option of the Issuers, to holders of any Pari Passu Indebtedness)
(an “Asset Sale Offer”) to purchase the maximum principal amount of Securities (and such Pari Passu Indebtedness), that is at least $2,000 and an integral multiple of $1,000 in excess thereof that may be purchased out of the Excess
Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or, in the event such Pari Passu Indebtedness was issued with significant original issue discount, 100% of the accreted value thereof), plus accrued and
unpaid interest (or, in respect of such Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such Pari Passu Indebtedness), to the date fixed for the closing of such offer, in accordance with the procedures set
forth in this Section 4.06. The Issuers shall commence an Asset Sale Offer with respect to Excess Proceeds within ten Business Days after the date that Excess Proceeds exceeds $20.0 million by mailing or sending the notice required
pursuant to the terms of Section 4.06(f), with a copy to the Trustee. To the extent that the aggregate amount of Securities (and such Pari Passu Indebtedness) tendered pursuant to an Asset Sale Offer is less than the Excess Proceeds, the
Issuers may use any remaining Excess Proceeds for any purpose that is not prohibited by this Indenture. If the aggregate principal amount of Securities (and such Pari Passu Indebtedness) surrendered by holders thereof exceeds the amount of Excess
Proceeds, the Securities to be purchased shall be selected in the manner described in Section 4.06(e). Upon completion of any such Asset Sale Offer, the amount of Excess Proceeds shall be reset at zero. 

(c)    The Issuers shall comply with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws and regulations to the extent such laws or regulations are applicable in connection with the repurchase of the Securities pursuant to an Asset Sale Offer. To the extent that the provisions of any securities
laws or regulations conflict with the provisions of this Indenture, the Issuers shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations described in this Indenture by virtue thereof.

 (d)    Not later than the date upon which written notice of an Asset Sale Offer is delivered to the Trustee as
provided above, the Company shall deliver to the Trustee an Officer’s Certificate as to (i) the amount of the Excess Proceeds, (ii) the allocation of the Net Proceeds from the Asset Sales pursuant to which such Asset Sale Offer is
being made and (iii) the compliance of such allocation with the provisions of Section 4.06(b). On such date, the Company shall also irrevocably deposit with the Trustee or with a paying agent (or, if the Company or a Wholly Owned
Restricted Subsidiary is acting as the Paying Agent, segregate and hold in trust) an amount equal to the Excess Proceeds to be invested in Cash Equivalents, as directed in writing by the Company, and to be held for payment in accordance with the
provisions of this Section 4.06. The deposit of such funds may be invested in the Wells Fargo Advantage Money Market Fund until such written investment instruction is received by the Trustee. Upon the expiration of the period for which the
Asset Sale Offer remains open (the “Offer Period”), the Company shall deliver to the Trustee for cancellation the Securities or portions thereof that have 

  
 69 








 
been properly tendered to and are to be accepted by the Company, along with a written payment and cancellation order. The Trustee (or the Paying Agent, if not the Trustee) shall, on the date of
purchase, mail or deliver payment to each tendering Holder in the amount of the purchase price as determined by the Company and stated in the written payment and cancellation order. In the event that the Excess Proceeds delivered by the Company to
the Trustee are greater than the purchase price of the Securities tendered, the Trustee shall deliver the excess to the Company immediately after the expiration of the Offer Period for application in accordance with Section 4.06. 

(e)    Holders electing to have a Security purchased shall be required to surrender the Security, with an appropriate form
duly completed, to the Company at the address specified in the notice at least three Business Days prior to the purchase date. Holders shall be entitled to withdraw their election if the Trustee or the Company receives not later than one Business
Day prior to the Purchase Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Security which was delivered by the Holder for purchase and a statement that such Holder is
withdrawing his election to have such Security purchased. If at the end of the Offer Period more Securities (and such Pari Passu Indebtedness) are tendered pursuant to an Asset Sale Offer than the Issuers are required to purchase, and if the
Securities are Global Securities held by the Depository, the Depository will select the Securities to be redeemed in accordance with its operational arrangements. If the Securities are not Global Securities held by the Depository, selection of such
Securities for purchase shall be made by the Trustee in compliance with the requirements of the principal national securities exchange, if any, on which such Securities are listed, or if such Securities are not so listed, on a pro rata basis, by lot
or by such other method as the Trustee shall deem fair and appropriate (and in such manner as complies with applicable legal requirements); provided that no Securities of $2,000 or less shall be purchased in part. Selection of such Pari Passu
Indebtedness shall be made pursuant to the terms of such Pari Passu Indebtedness. 
 (f)    Notices of an Asset Sale
Offer shall be mailed by first-class mail, postage prepaid (or with respect to Global Securities, to the extent permitted or required by applicable DTC procedures or regulations, sent electronically), at least 30 but not more than 60 days before the
purchase date to each Holder of Securities at such Holder’s registered address. If any Security is to be purchased in part only, any notice of purchase that relates to such Security shall state the portion of the principal amount thereof that
has been or is to be purchased. Holders whose Securities are purchased only in part shall be issued new Securities equal in principal amount to the unpurchased portion of the Securities surrendered. If the Securities are Global Securities held by
the Depository, then the applicable operational procedures of the Depository for tendering and withdrawing securities will apply. 

Section 4.07.    Transactions with Affiliates. (a) The Company shall not, and shall not permit any of its
Restricted Subsidiaries to, directly or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction or
series of transactions, contract, agreement, understanding, loan, advance or guarantee 

  
 70 








 
with, or for the benefit of, any Affiliate of the Company (each of the foregoing, an “Affiliate Transaction”) involving aggregate consideration in excess of $7.5 million,
unless such Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant Restricted Subsidiary than those that could have been obtained in a comparable transaction by the Company or such Restricted
Subsidiary with an unrelated Person. 
 (b)    The provisions of Section 4.07(a) shall not apply to the following:

 (i)    (A) transactions between or among the Company and/or any of its Restricted Subsidiaries (or an
entity that becomes a Restricted Subsidiary as a result of such transaction) and (B) any merger, consolidation or amalgamation of the Company and any direct parent of the Company; provided that such parent shall have no material
liabilities and no material assets other than cash, Cash Equivalents and the Capital Stock of the Company and such merger, consolidation or amalgamation is otherwise in compliance with the terms of this Indenture and effected for a bona fide
business purpose; 
 (ii)    Restricted Payments permitted by Section 4.04 and Permitted
Investments; 
 (iii)    the payment of reasonable and customary fees and reimbursement of expenses paid
to, and indemnity provided on behalf of, officers, directors, employees or consultants of the Company or any Restricted Subsidiary or any direct or indirect parent of the Company; 

(iv)    transactions in which the Company or any of its Restricted Subsidiaries, as the case may be,
delivers to the Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or is not materially less favorable to the Issuer or the
relevant Restricted Subsidiary than those that could have been obtained in a comparable transaction by the Issuer or such Restricted Subsidiary with an unrelated Person; 

(v)    payments or loans (or cancellation of loans) to officers, directors, employees or consultants which
are approved by a majority of the Board of Directors of the Company in good faith; 
 (vi)    any
agreement as in effect as of the Issue Date or any amendment thereto (so long as any such agreement together with all amendments thereto, taken as a whole, is not more disadvantageous to the Holders of the Securities in any material respect than the
original agreement as in effect on the Issue Date) or any transaction contemplated thereby as determined in good faith by the Company; 

(vii)    (A) transactions with customers, clients, suppliers or purchasers or sellers of goods or services
or transactions otherwise relating to the purchase or sale of goods or services, in each case in the ordinary course of business and 

  
 71 








 
otherwise in compliance with the terms of this Indenture, which are fair to the Company and its Restricted Subsidiaries in the reasonable determination of the Board of Directors or the senior
management of the Company, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party or (B) transactions with joint ventures or Unrestricted Subsidiaries entered into in the ordinary
course of business; 
 (viii)    any transaction effected as part of a Qualified Receivables Financing;

 (ix)    the issuance of Equity Interests (other than Disqualified Stock) of the Company to any Person;

 (x)    the issuances of securities or other payments, awards or grants in cash, securities or
otherwise pursuant to, or the funding of, employment arrangements, stock option and stock ownership plans or similar employee benefit plans approved by the Board of Directors of the Company or any direct or indirect parent of the Company or of a
Restricted Subsidiary of the Company, as appropriate, in good faith; 
 (xi)    the entering into of any
tax sharing agreement or arrangement and any payments permitted by Section 4.04(b)(xii); 

(xii)    any contribution to the capital of the Company; 

(xiii)    transactions permitted by, and complying with, Section 5.01; 

(xiv)    transactions between the Company or any of its Restricted Subsidiaries and any Person, a director
of which is also a director of the Company or any direct or indirect parent of the Company; provided, however, that such director abstains from voting as a director of the Company or such direct or indirect parent, as the case may be,
on any matter involving such other Person; 
 (xv)    pledges of Equity Interests of Unrestricted
Subsidiaries; 
 (xvi)    any employment agreements entered into by the Company or any of its Restricted
Subsidiaries in the ordinary course of business; 
 (xvii)    intercompany transactions undertaken in
good faith (as certified by a responsible financial or accounting officer of the Company in an Officer’s Certificate) for the purpose of improving the consolidated tax efficiency of the Company and its Subsidiaries and not for the purpose of
circumventing compliance with any covenant set forth in this Indenture; and 
 (xviii)    the formation
and maintenance of any consolidated group or subgroup for tax, accounting or cash pooling or management purposes in the ordinary course of business. 

  
 72 








 Section 4.08.    Change of Control. (a) Upon a Change of
Control, each Holder shall have the right to require the Issuers to repurchase all or any part of such Holder’s Securities at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to
the date of repurchase (subject to the right of the Holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the terms contemplated in this Section 4.08; provided,
however, that notwithstanding the occurrence of a Change of Control, the Issuers shall not be obligated to purchase any Securities pursuant to this Section 4.08 in the event that they have exercised their right to redeem such Securities
in accordance with Article 3 of this Indenture. In the event that at the time of such Change of Control the terms of the Bank Indebtedness restrict or prohibit the repurchase of Securities pursuant to this Section 4.08, then prior to the
mailing or sending of the notice to the Holders provided for in Section 4.08(b) but in any event within 30 days following any Change of Control, the Issuers shall (i) repay in full all Bank Indebtedness or, if doing so will allow the
purchase of Securities, offer to repay in full all Bank Indebtedness and repay the Bank Indebtedness of each lender and/or noteholder who has accepted such offer, or (ii) obtain the requisite consent under the agreements governing the Bank
Indebtedness to permit the repurchase of the Securities as provided for in Section 4.08(b). 
 (b)    Within 30
days following any Change of Control, except to the extent that the Issuers have exercised their right to redeem the Securities by delivery of a notice of redemption in accordance with Article 3 of this Indenture, the Company shall mail (or with
respect to Global Securities, to the extent permitted or required by applicable DTC procedures or regulations, send electronically) a notice (a “Change of Control Offer”) to each Holder with a copy to the Trustee stating: 

(i)    that a Change of Control has occurred and that such Holder has the right to require the Issuers to
repurchase such Holder’s Securities at a repurchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the date of repurchase (subject to the right of the Holders of record on the relevant record
date to receive interest on the relevant interest payment date); 
 (ii)    the circumstances and
relevant facts and financial information regarding such Change of Control; 
 (iii)    the repurchase
date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed or sent); and 

(iv)    the instructions determined by the Issuers, consistent with this Section 4.08, that a Holder
must follow in order to have its Securities purchased. 
 (c)    Holders electing to have a Security purchased shall be
required to surrender the Security, with an appropriate form duly completed, to the Company at the address specified in the notice at least three Business Days prior to the purchase date. The Holders shall be entitled to withdraw their election if
the Trustee or the Company receives not later than one Business Day prior to the purchase date a telegram, telex, 

  
 73 








 
facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Security which was delivered for purchase by the Holder and a statement that such Holder is
withdrawing his election to have such Security purchased. Holders whose Securities are purchased only in part shall be issued new Securities equal in principal amount to the unpurchased portion of the Securities surrendered. If the Securities are
Global Securities held by the Depository, then the applicable operational procedures of the Depository for tendering and withdrawing securities will apply. 

(d)    On the purchase date, all Securities purchased by the Company under this Section shall be delivered to the Trustee
for cancellation, and the Company shall pay the purchase price plus accrued and unpaid interest to the Holders entitled thereto. 

(e)    A Change of Control Offer may be made in advance of a Change of Control, and conditioned upon such Change of
Control, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer. 

(f)    Notwithstanding the foregoing provisions of this Section, the Issuers shall not be required to make a Change of
Control Offer upon a Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in Section 4.08 applicable to a Change of Control Offer made by
the Issuers and purchases all Securities validly tendered and not withdrawn under such Change of Control Offer. 

(g)    Securities repurchased by the Issuers pursuant to a Change of Control Offer will have the status of Securities
issued but not outstanding or will be retired and canceled at the option of the Issuers. Securities purchased by a third party pursuant to the preceding (e) will have the status of Securities issued and outstanding. 

(h)    At the time the Company delivers Securities to the Trustee which are to be accepted for purchase, the Company shall
also deliver an Officer’s Certificate stating that such Securities are to be accepted by the Company pursuant to and in accordance with the terms of this Section 4.08 and confirming whether the Securities will be considered issued but not
outstanding, or include orders to cancel the repurchased Securities. A Security shall be deemed to have been accepted for purchase at the time the Trustee, directly or through an agent, mails or delivers payment therefor to the surrendering Holder.

 (i)    Prior to mailing or sending notice to the Holders of any Change of Control Offer, the Company shall deliver to
the Trustee an Officer’s Certificate stating that all conditions precedent contained herein to the right of the Company to make such offer have been complied with. 

(j)    The Issuers shall comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act
and any other securities laws or regulations in connection with the repurchase of Securities pursuant to this Section. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section 4.08, the
Issuers shall comply with the applicable securities laws and regulations and shall not be deemed to have breached their obligations under this Section by virtue thereof. 

  
 74 








 Section 4.09.    Compliance Certificate. The Company shall
deliver to the Trustee within 120 days after the end of each fiscal year of the Company, beginning with the fiscal year end on March 31, 2018, an Officer’s Certificate stating that in the course of the performance by the signers of their
duties as Officers of the Company they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what
action the Company is taking or proposes to take with respect thereto. 
 Section 4.10.    Further Instruments
and Acts. Upon request of the Trustee, the Company shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

Section 4.11.    Future Guarantors. The Company shall cause each Wholly Owned Restricted Subsidiary that is a
Domestic Subsidiary (unless such Subsidiary is a Receivables Subsidiary or a Domestic Subsidiary that is a Wholly Owned Subsidiary of one or more Foreign Subsidiaries) that guarantees any Indebtedness of the Company or any Guarantor to execute and
deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C pursuant to which such Subsidiary shall guarantee the Issuers’ Obligations under the Securities and this Indenture. 

Section 4.12.    Liens. The Company shall not, and shall not permit any of its Restricted Subsidiaries to,
directly or indirectly, create, Incur or suffer to exist any Lien on any asset or property of the Company or such Restricted Subsidiary securing Indebtedness unless the Securities are equally and ratably secured with (or on a senior basis to, in the
case of obligations subordinated in right of payment to the Securities) the obligations so secured until such time as such obligations are no longer secured by a Lien. The preceding sentence shall not require the Company or any Restricted Subsidiary
of the Company to secure the Securities if the Lien consists of a Permitted Lien. Any Lien which is granted to secure the Securities or such Guarantee under this Section 4.12 shall be automatically released and discharged at the same time as
the release of the Lien that gave rise to the obligation to secure the Securities or such Guarantee under this Section 4.12. 
 For
purposes of determining compliance with this Section 4.12, in the event that a Lien securing an item of Indebtedness (or any portion thereof) meets the criteria of more than one of the categories of Liens described in the foregoing paragraph or
in clause (1) through (28) of the definition of “Permitted Liens”, then the Company shall, in its sole discretion, classify or reclassify, or later divide, classify or reclassify, such Lien securing an item of Indebtedness (or
any portion thereof) in any manner that complies with this Section 4.12. 

  
 75 








 With respect to any Lien securing Indebtedness that was permitted to secure such Indebtedness at
the time of the Incurrence of such Indebtedness, such Lien shall also be permitted to secure any Increased Amount of such Indebtedness. The “Increased Amount” of any Indebtedness shall mean any increase in the amount of such
Indebtedness in connection with any accrual of interest, the accretion of accreted value, the payment of interest or dividends in the form of additional Indebtedness, amortization of original issue discount and increases in the amount of
Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies, in each case in respect of such Indebtedness. 

Section 4.13.    [Reserved]. 

Section 4.14.    Maintenance of Office or Agency. (a) The Company shall maintain an office or agency
(which may be an office of the Trustee or an affiliate of the Trustee or Registrar) where Securities may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Securities
and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or
agency or shall fail to furnish the Trustee with the address thereof, such presentations and surrenders may be made at the Corporate Trust Operations, and notices and demands may be made or served at the Corporate Trust Office of the Trustee as set
forth in Section 13.02. 
 (b)    The Company may also from time to time designate one or more other offices or
agencies where the Securities may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the
Company of its obligation to maintain an office or agency for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

(c)    The Company hereby designates the corporate trust office of the Trustee or its Agent as such office or agency of
the Company in accordance with Section 2.04. 
 Section 4.15.    Covenant Suspension. 

If on any date following the Issue Date, (i) the Securities have Investment Grade Ratings from both Rating Agencies and (ii) no
Default has occurred and is continuing under this Indenture, then, beginning on that day and continuing at all times thereafter regardless of any subsequent changes (except as contemplated by the following paragraph) in the rating of the Securities
(the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), and subject to the provisions of the following paragraph, the Company and the
Restricted Subsidiaries shall not be subject to Sections 4.03, 4.04, 4.05, 4.06, 4.07, 4.11 and 5.01(a)(iv) (collectively the “Suspended Covenants”). 

  
 76 








 If and while the Company and its Restricted Subsidiaries are not subject to the Suspended
Covenants, the Securities will be entitled to substantially less covenant protection. In the event that the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants under this Indenture for any period of time as a result of
the foregoing, and on any subsequent date (the “Reversion Date”) one or both of the Rating Agencies withdraw their Investment Grade Rating or downgrade the rating assigned to the Securities below an Investment Grade Rating, then the
Company and its Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants under this Indenture with respect to future events. The Issuers will provide written notification to the Trustee of each Covenant Suspension Event
and Reversion Date. The Trustee shall have no obligation to independently determine or verify if such events have occurred or notify the holders of the continuance and termination of any Suspension Period. The Trustee may provide a copy of such
notice to any holder of Securities upon request. 
 On each Reversion Date, all Indebtedness Incurred, or Disqualified Stock or Preferred
Stock issued, during the Suspension Period will be classified as having been Incurred or issued pursuant to Section 4.03(a) or 4.03(b) (to the extent such Indebtedness or Disqualified Stock or Preferred Stock would be permitted to be Incurred
or issued thereunder as of the Reversion Date and after giving effect to Indebtedness Incurred or issued prior to the Suspension Period and outstanding on the Reversion Date). To the extent such Indebtedness or Disqualified Stock or Preferred Stock
would not be so permitted to be Incurred or issued pursuant to Section 4.03(a) or 4.03(b), such Indebtedness or Disqualified Stock or Preferred Stock will be deemed to have been outstanding on the Issue Date, so that it is classified as
permitted under Section 4.03(b)(iii). Calculations made after the Reversion Date of the amount available to be made as Restricted Payments under Section 4.04 will be made as though Section 4.04 had been in effect since the Issue Date,
but excluding the Suspension Period. Accordingly, Restricted Payments made during the Suspension Period will reduce the amount available to be made as Restricted Payments under Section 4.04(a). However, no Default or Event of Default will be
deemed to have occurred on the Reversion Date as a result of any actions taken by the Issuer or its Restricted Subsidiaries during the Suspension Period. The Issuers must comply with Section 4.11 within 30 days of the Reversion Date. 

For purposes of Section 4.06, on the Reversion Date, the unutilized Excess Proceeds amount will be reset to zero. 

ARTICLE 5 

SUCCESSOR COMPANY 

Section 5.01.    When Company May Merge or Transfer Assets. (a) The Company shall not, directly or
indirectly, consolidate, amalgamate or merge with or into or wind up or convert into (whether or not the Company is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or
assets in one or more related transactions, to any Person unless: 
 (i)    the Company is the surviving
Person or the Person formed by or surviving any such consolidation, amalgamation, merger, winding up or 

  
 77 








 
conversion (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation, partnership or limited liability
company organized or existing under the laws of the United States, any state thereof, the District of Columbia (the Company or such Person, as the case may be, being herein called the “Successor Company”); provided that in
the case where the surviving Person is not a corporation, a co-obligor of the Securities is a corporation; 

(ii)    the Successor Company (if other than the Company) expressly assumes all the obligations of the
Company under this Indenture and the Securities pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee; 

(iii)    immediately after giving effect to such transaction (and treating any Indebtedness which becomes
an obligation of the Successor Company or any of its Restricted Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction) no Default shall have
occurred and be continuing; 
 (iv)    immediately after giving pro forma effect to such transaction, as
if such transaction had occurred at the beginning of the applicable four-quarter period (and treating any Indebtedness which becomes an obligation of the Successor Company or any of its Restricted Subsidiaries as a result of such transaction as
having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), either 

(A)    the Successor Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant
to the Fixed Charge Coverage Ratio test set forth in Section 4.03(a); or 
 (B)    the Fixed Charge
Coverage Ratio for the Successor Company and its Restricted Subsidiaries would be greater than such ratio for the Company and its Restricted Subsidiaries immediately prior to such transaction; 

(v)    each Guarantor, unless it is the other party to the transactions described above, shall have by
supplemental indenture confirmed that its Guarantee shall apply to such Person’s obligations under this Indenture and the Securities; 

(vi)    if the Successor Company is not organized as a corporation after such transaction, a successor
corporation that is a Subsidiary of the Successor Company shall continue to be co-obligor of the Securities and shall have by supplemental indenture confirmed its obligation under this Indenture and the
Securities; and 
 (vii)    the Company shall have delivered to the Trustee an Officer’s Certificate
and an Opinion of Counsel, each stating that such consolidation, merger, amalgamation or transfer and such supplemental indentures (if any) comply with this Indenture. 

  
 78 








 The Successor Company (if other than the Company) shall succeed to, and be substituted for, the
Company under this Indenture and the Securities, and in such event the Company will automatically be released and discharged from its obligations under this Indenture and the Securities. Notwithstanding the foregoing clauses (iii) and (iv) of
this Section 5.01, (a) any Restricted Subsidiary may merge, consolidate or amalgamate with or transfer all or part of its properties and assets to the Company or to another Restricted Subsidiary, and (b) the Company may merge, consolidate
or amalgamate with an Affiliate incorporated solely for the purpose of reincorporating the Company in another state of the United States or the District of Columbia or may convert into a corporation, partnership or limited liability company, so long
as the amount of Indebtedness of the Company and its Restricted Subsidiaries is not increased thereby. This Article 5 will not apply to a sale, assignment, transfer, conveyance or other disposition of assets between or among the Company and its
Restricted Subsidiaries. 
 (b)    Subject to Section 11.02(b) (which governs the release of a Guarantee upon the
sale or disposition of a Restricted Subsidiary of the Company that is a Guarantor), neither Rexnord nor any Guarantor shall, and the Company shall not permit Rexnord or any Guarantor to, consolidate, amalgamate or merge with or into or wind up into
(whether or not Rexnord or such Guarantor is the surviving Person), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions to, any Person (other than
any such sale, assignment, transfer, lease, conveyance or disposition in connection with the Transactions) unless: 

(i)    either (A) Rexnord or such Guarantor, as the case may be, is the surviving Person or the Person
formed by or surviving any such consolidation, amalgamation or merger (if other than Rexnord or such Guarantor, as the case may be) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a
corporation, partnership or limited liability company organized or existing under the laws of the United States, any state thereof, or the District of Columbia (Rexnord, such Guarantor or such Person, as the case may be, being herein called the
“Successor Co-Issuer” in the case of a consolidation, amalgamation, merger, winding up or sale, assignment, transfer, lease, conveyance or other disposal of all or substantially all of the
properties or assets of Rexnord, and the “Successor Guarantor,” in the case of a consolidation, amalgamation, merger, winding up or sale, assignment, transfer, lease, conveyance or other disposal of all or substantially all of the
properties or assets of a Guarantor) and the Successor Co-Issuer or Successor Guarantor (if other than Rexnord or such Guarantor, as the case may be) expressly assumes all the obligations of Rexnord or such
Guarantor, as the case may be, under this Indenture and, if applicable, such Guarantors’ Guarantee pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee, or (B) other than in the case of a sale, disposition,
consolidation, amalgamation or merger of Rexnord, such sale or disposition or consolidation, amalgamation or merger is not in violation of Section 4.06; 

  
 79 








 (ii)    the Successor
Co-Issuer (if other than Rexnord) expressly assumes all the obligations of Rexnord under this Indenture and the Securities pursuant to a supplemental indenture in form reasonably satisfactory to the Trustee;
and 
 (iii)    the Successor Co-Issuer or Successor Guarantor
(if other than Rexnord or such Guarantor, as the case may be) shall have delivered or caused to be delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, amalgamation, merger or
transfer and such supplemental indenture (if any) comply with this Indenture. 
 Except as otherwise provided in this Indenture, the
Successor Co-Issuer or Successor Guarantor (if other than Rexnord or such Guarantor, as the case may be) will succeed to, and be substituted for, Rexnord or such Guarantor, as the case may be, under this
Indenture and, if applicable, such Guarantor’s Guarantee, and Rexnord or such Guarantor, as the case may be, will automatically be released and discharged from its obligations under this Indenture and, if applicable, such Guarantor’s
Guarantee. Notwithstanding the foregoing, (1) Rexnord or a Guarantor may merge, amalgamate or consolidate with an Affiliate incorporated solely for the purpose of reincorporating Rexnord or such Guarantor in another state of the United States
or the District of Columbia so long as the amount of Indebtedness of Rexnord or the Guarantor is not increased thereby and (2) Rexnord or a Guarantor may merge, amalgamate or consolidate with another Guarantor or the Company. 

In addition, notwithstanding the foregoing, Rexnord or any Guarantor may consolidate, amalgamate or merge with or into or wind up into, or
sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets (collectively, a “Transfer”) to, (x) the Company, Rexnord or any Guarantor or (y) any Restricted Subsidiary
of the Company that is not Rexnord or a Guarantor; provided that at the time of each such Transfer pursuant to (y) the aggregate amount of all such Transfers since the Issue Date shall not exceed 5.0% of the consolidated assets of the
Company, Rexnord and the Guarantors as shown on the most recent available balance sheet of the Company and the Restricted Subsidiaries after giving effect to each such Transfer and including all Transfers occurring from and after the Issue Date.

 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01.    Events of Default. An “Event of Default” occurs if: 

(a)    there is a default in any payment of interest on any Security when the same becomes due and payable, and such
default continues for a period of 30 days, 

  
 80 








 (b)    there is a default in the payment of principal or premium, if any, of
any Security when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise, 

(c)    either of the Issuers or any of the Restricted Subsidiaries of the Company fails to comply with any of its
agreements in the Securities or this Indenture (other than those referred to in (a) or (b) above) and such failure continues for 60 days after the notice specified below, 

(d)    either of the Issuers or any Significant Subsidiary fails to pay any Indebtedness (other than Indebtedness owing to
either of the Issuers or a Restricted Subsidiary of the Company) within any applicable grace period after final maturity or the acceleration of any such Indebtedness by the holders thereof because of a default, in each case, if the total amount of
such Indebtedness unpaid or accelerated exceeds $50.0 million or its foreign currency equivalent, 
 (e)    either
of the Issuers or any Significant Subsidiary of the Company pursuant to or within the meaning of any Bankruptcy Law: 

(i)    commences a voluntary case; 

(ii)    consents to the entry of an order for relief against it in an involuntary case; 

(iii)    consents to the appointment of a Custodian of it or for any substantial part of its property; or

 (iv)    makes a general assignment for the benefit of its creditors or takes any comparable action
under any foreign laws relating to insolvency, 
 (f)    a court of competent jurisdiction enters an order or decree
under any Bankruptcy Law that: 
 (i)    is for relief against either of the Issuers or any Significant
Subsidiary of the Company in an involuntary case; 
 (ii)    appoints a Custodian of either of the
Issuers or any Significant Subsidiary of the Company or for any substantial part of its property; or 

(iii)    orders the winding up or liquidation of either of the Issuers or any Significant Subsidiary of the
Company; 
 or any similar relief is granted under any foreign laws and the order or decree remains unstayed and in effect for 60 days, 

(g)    either of the Issuers or any Significant Subsidiary fails to pay final judgments aggregating in excess of
$50.0 million or its foreign currency equivalent (net of any amounts which are covered by enforceable insurance policies issued by solvent carriers), which judgments are not discharged, waived or stayed for a period of 60 days following the
entry thereof, or 

  
 81 








 (h)    any Guarantee of a Significant Subsidiary ceases to be in full force
and effect (except as contemplated by the terms thereof) or any Guarantor that qualifies as a Significant Subsidiary denies or disaffirms its obligations under this Indenture or any Guarantee and such Default continues for 10 days after the notice
specified below. 
 The foregoing shall constitute Events of Default whatever the reason for any such Event of Default and whether it is
voluntary or involuntary or is effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body. 

The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors.
The term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 

A Default under (c) above shall not constitute an Event of Default until the Trustee or the Holders of at least 25% in principal amount
of the outstanding Securities notify the Issuers (and also the Trustee if given by the Holders) of the Default and the Issuers do not cure such Default within the time specified in (c) above after receipt of such notice. Such notice must
specify the Default, demand that it be remedied and state that such notice is a “Notice of Default.” The Issuers shall deliver to the Trustee, within thirty (30) days after the occurrence thereof, written notice in the form of
an Officer’s Certificate of any event which is, or with the giving of notice or the lapse of time or both would become, an Event of Default, its status and what action the Issuers are taking or propose to take with respect thereto. 

Section 6.02.    Acceleration. If an Event of Default (other than an Event of Default specified in
Section 6.01(e) or (f) with respect to either of the Issuers) occurs and is continuing, the Trustee or the Holders of at least 25.0% in principal amount of outstanding Securities, by notice to the Issuers may, and if such notice is given
by the Holders such notice shall be given to the Issuers and the Trustee declare that the principal of, premium, if any, and accrued but unpaid interest on all the Securities is due and payable. Upon such a declaration, such principal and interest
shall be due and payable immediately. If an Event of Default specified in Section 6.01(e) or (f) with respect to either of the Issuers occurs, the principal of, premium, if any, and interest on all the Securities shall ipso facto become
and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of the Securities by notice to the Trustee may rescind an acceleration and its
consequences, provided the Trustee has been paid its compensation and all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel have been paid.

 In the event of any Event of Default specified in Section 6.01(d), such Event of Default and all consequences thereof (excluding,
however, any resulting payment default) 

  
 82 








 
shall be annulled, waived and rescinded, automatically and without any action by the Trustee or the Holders of the Securities, if within 20 days after such Event of Default arose the Issuers
deliver an Officer’s Certificate to the Trustee stating that (x) the Indebtedness or guarantee that is the basis for such Event of Default has been discharged or (y) the holders thereof have rescinded or waived the acceleration,
notice or action (as the case may be) giving rise to such Event of Default or (z) the default that is the basis for such Event of Default has been cured, it being understood that in no event shall an acceleration of the principal amount of the
Securities as described above be annulled, waived or rescinded upon the happening of any such events. 

Section 6.03.    Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any
available remedy at law or in equity to collect the payment of principal of or interest on the Securities or to enforce the performance of any provision of the Securities, the Guarantees or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Securities or does not produce any of them in the proceeding. A
delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any
other remedy. To the extent required by law, all available remedies are cumulative. If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned
for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceedings, the Issuers, the Guarantors, the Trustee and the Holders shall be restored severally
and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding has been instituted. 

Section 6.04.    Waiver of Past Defaults. Provided the Securities are not then due and payable by reason of a
declaration of acceleration, the Holders of a majority in principal amount of the Securities by written notice to the Trustee may waive an existing Default and its consequences except (a) a Default in the payment of the principal of or interest
on a Security, (b) a Default arising from the failure to redeem or purchase any Security when required pursuant to the terms of this Indenture or (c) a Default in respect of a provision that under Section 9.02 cannot be amended
without the consent of each Holder affected. When a Default is waived, it is deemed cured and the Issuers, the Trustee and the Holders will be restored to their former positions and rights under this Indenture, but no such waiver shall extend to any
subsequent or other Default or impair any consequent right. 
 Section 6.05.    Control by Majority. The
Holders of a majority in principal amount of the Securities may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee
may refuse to follow any direction that conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other Holder (it being understood


  
 83 








 
that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders) or that would involve the Trustee in personal liability.
Prior to taking any action under this Indenture, the Trustee shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not taking such action. The Trustee may take any other
action deemed proper by the Trustee which is not inconsistent with such direction. 

Section 6.06.    Limitation on Suits. (a) Except to enforce the right to receive payment of principal,
premium (if any) or interest when due, no Holder may pursue any remedy with respect to this Indenture or the Securities unless: 

(i)    the Holder gives to the Trustee written notice stating that an Event of Default is continuing; 

(ii)    the Holders of at least 25% in principal amount of the Securities make a written request to the
Trustee to pursue the remedy; 
 (iii)    such Holder or Holders offer to the Trustee security or
indemnity satisfactory to it against any loss, liability or expense; 
 (iv)    the Trustee does not
comply with the request within 60 days after receipt of the request and the offer of security or indemnity; and 

(v)    the Holders of a majority in principal amount of the Securities do not give the Trustee a direction
inconsistent with the request during such 60-day period. 
 (b)    A Holder may
not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 

Section 6.07.    Rights of the Holders to Receive Payment. Notwithstanding any other provision of this
Indenture, the right of any Holder to receive payment of principal of and interest on the Securities held by such Holder, on or after the respective due dates expressed or provided for in the Securities, or to bring suit for the enforcement of any
such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.08.    Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a) or
(b) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuers or any other obligor on the Securities for the whole amount then due and owing (together with interest on
overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Securities) and the amounts provided for in Section 7.07. 

Section 6.09.    Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers
or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation, expenses disbursements and advances of the Trustee (including counsel, accountants,


  
 84 








 
experts or such other professionals as the Trustee deems necessary, advisable or appropriate)) and the Holders allowed in any judicial proceedings relative to the Issuers or any Guarantor, their
creditors or their property, shall be entitled to participate as a member, voting or otherwise, of any official committee of creditors appointed in such matters and, unless prohibited by law or applicable regulations, may vote on behalf of the
Holders in any election of a trustee in bankruptcy or other Person performing similar functions and be a member of a creditors’ or other similar committee, and any Custodian in any such judicial proceeding is hereby authorized by each Holder to
make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of
the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.07. To the extent that the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be unpaid for any reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends,
money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the
Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder, or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding. 
 Section 6.10.    Priorities. If the Trustee collects any
money or property pursuant to this Article 6, it shall pay out the money or property in the following order: 
 FIRST: to the Trustee for
amounts due under Section 7.07; 
 SECOND: to the Holders for amounts due and unpaid on the Securities for principal, premium, if any,
and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Securities for principal and interest, respectively; and 

THIRD: to the Company or, to the extent the Trustee collects any amount for any Guarantor, to such Guarantor. 

The Trustee may fix a record date and payment date for any payment to the Holders pursuant to this Section. At least 15 days before such
record date, the Trustee shall mail or send to each Holder and the Issuers a notice that states the record date, the payment date and amount to be paid. 

Section 6.11.    Undertaking for Costs. In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its
discretion may assess reasonable costs, including reasonable attorneys’ fees and 

  
 85 








 
expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the
Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of the Securities. 

Section 6.12.    Waiver of Stay or Extension Laws. Neither the Issuers nor any Guarantor (to the extent it may
lawfully do so) shall at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the
performance of this Indenture; and the Issuers and each Guarantor (to the extent that it may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein
granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE 7

 TRUSTEE 

Section 7.01.    Duties of Trustee. (a) If an Event of Default has occurred and is continuing, the
Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person’s own
affairs. 
 (b)    Except during the continuance of an Event of Default: 

(i)    the Trustee undertakes to perform such duties and only such duties as are specifically set forth in
this Indenture and no implied covenants or obligations shall be read into this Indenture against the Trustee (it being agreed that the permissive right of the Trustee to do things enumerated in this Indenture shall not be construed as a duty); and

 (ii)    in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of
the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. The Trustee shall be under no duty to make any investigation as to any
statement contained in any such instance, but may accept the same as conclusive evidence of the truth and accuracy of such statement or the correctness of such opinions. However, in the case of certificates or opinions required by any provision
hereof to be provided to it, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of any mathematical calculations or
other facts stated therein). 

  
 86 








 (c)    The Trustee may not be relieved from liability for its own negligent
action, its own negligent failure to act or its own willful misconduct, except that: 
 (i)    this
paragraph does not limit the effect of paragraph (b) of this Section; 
 (ii)    the Trustee shall
not be liable for any error of judgment made in good faith by a Trust Officer unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; 

(iii)    the Trustee shall not be liable with respect to any action it takes or omits to take in good faith
in accordance with a direction received by it pursuant to Section 6.05; and 
 (iv)    no provision
of this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers. 

(d)    Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and
(c) of this Section. 
 (e)    The Trustee shall not be liable for interest on any money received by it except as
the Trustee may agree in writing with the Issuers. 
 (f)    Money held in trust by the Trustee need not be segregated
from other funds except to the extent required by law. 
 (g)    Every provision of this Indenture relating to the
conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section and to the provisions of the TIA. 

Section 7.02.    Rights of Trustee. (a) The Trustee may conclusively rely on any document (whether in its
original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b)    Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of
Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officer’s Certificate or Opinion of Counsel. Any request, demand, notice, or direction of the Issuers shall be
sufficiently evidenced by an Officer’s Certificate or signed by an Issuer Officer. 
 (c)    The Trustee may act
through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care. 

(d)    The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be
authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e)    The Trustee may consult with counsel of its own selection concerning all matters of trusts hereof and duties
hereunder, and may in all cases pay such reasonable 

  
 87 








 
compensation to any attorney, agent, receiver or employee retained or employed by it in connection herewith, and the advice or opinion of counsel with respect to legal matters relating to this
Indenture and the Securities or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or
opinion of such counsel or Opinion of Counsel. 
 (f)    The Trustee shall not be bound to make any investigation into
the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, debenture, note or other paper or document unless requested in writing to do so by the Holders of
not less than a majority in principal amount of the Securities at the time outstanding, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall
determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuers, personally or by agent or attorney, at the expense of the Issuers and shall incur no liability of any kind by
reason of such inquiry or investigation. 
 (g)    The Trustee shall be under no obligation to take any action or
exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee
against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction. 

(h)    The rights, privileges, protections, immunities and benefits given to the Trustee, including its right to be
compensated, reimbursed and indemnified as provided in Section 7.07, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(i)    The Trustee shall not be liable for any action taken or omitted by it in good faith at the direction of the Holders
of not less than a majority in principal amount of the Securities as to the time, method and place of conducting any proceedings for any remedy available to the Trustee or the exercising of any power conferred by this Indenture. 

(j)    Any action taken, or omitted to be taken, by the Trustee in good faith pursuant to this Indenture upon the request
or authority or consent of any person who, at the time of making such request or giving such authority or consent, is the Holder of any Security shall be conclusive and binding upon future Holders of Securities and upon Securities executed and
delivered in exchange therefor or in place thereof. 
 (k)    In no event shall the Trustee be responsible or liable for
any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil
or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, 

  
 88 








 
communications or computer (software and hardware) services or other unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility; it being understood that
the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

(l)    In no event shall the Trustee be responsible or liable for any special, indirect, punitive or consequential loss or
damage of any kind whatsoever (including, but not limited to, loss of profit), irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(m)    The Trustee may request that the Issuers deliver an Officer’s Certificate setting forth the names of
individuals and/or titles of officers authorized at such time to furnish the Trustee with Officer’s Certificates, requests, and any other matters or directions pursuant to this Indenture. 

(n)    The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties
hereunder. 
 Section 7.03.    Individual Rights of Trustee. The Trustee in its individual or any other
capacity may become the owner or pledgee of Securities and may otherwise deal with the Issuers or their Affiliates with the same rights it would have if it were not Trustee. The Trustee and its affiliates have engaged, currently are engaged and may
in the future engage in financial or other transactions with the Company and its affiliates in the ordinary course of their respective businesses, subject to the TIA. Any Paying Agent or Registrar may do the same with like rights. However, the
Trustee must comply with Sections 7.10 and 7.11. 
 Section 7.04.    Trustee’s
Disclaimer. The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, any Guarantee or the Securities, it shall not be accountable for the Issuers’ use of the proceeds from the
Securities or any money paid to the Issuers or upon the Issuers’ direction under any provision of this Indenture, and it shall not be responsible for any statement of the Issuers or any Guarantor in this Indenture or in the Offering Circular or
any document issued in connection with the sale of the Securities or in the Securities other than the Trustee’s certificate of authentication. The Trustee shall not be charged with knowledge of any Default or Event of Default under Sections
6.01(c), (d), (e), (f), (g), or (h) or of the identity of any Significant Subsidiary unless either (a) a Trust Officer shall have actual knowledge thereof or (b) the Trustee shall have received written notice thereof in accordance
with Section 13.02 hereof from the Issuers, any Guarantor or any Holder. The Trustee shall not be bound to ascertain or inquire as to the performance, observance, or breach of any covenants, conditions, representations, warranties or agreements
on the part of the Issuers or the Guarantors but the Trustee may require full information and advice as to the performance of the aforementioned covenants. Under no circumstances shall the Trustee be liable in its individual capacity for the
obligations evidenced by the Securities or the Guarantees. The Trustee shall have no obligation to pursue any action that is not in accordance with applicable law. The Trustee shall have no obligation to independently


  
 89 








 
determine or verify if any event has occurred or notify the Holders of any event dependent upon the rating of the Securities, or if the rating on the Securities has been changed, suspended or
withdrawn by any Rating Agency. The Trustee shall have no obligation to independently determine or verify if any Change of Control, Asset Sale, or any other event has occurred or if an Asset Sale Offer or Change of Control Offer is required to be
made, or notify the Holders of any such event. 
 Section 7.05.    Notice of Defaults. If a Default occurs
and is continuing and if it is actually known to a Trust Officer of the Trustee, the Trustee shall mail or send to each Holder notice of the Default within 90 days after it occurs. Except in the case of a Default in the payment of principal of,
premium (if any) or interest on any Security, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of the Holders. 

Section 7.06.    Reports by Trustee to the Holders. Within 60 days after each March 31 beginning with the
March 31 following the date of this Indenture, and in any event prior to May 31 in each year, the Trustee shall mail or send to each Holder a brief report dated as of such March 31 that complies with Section 313(a) of the TIA if
and to the extent required thereby. The Trustee shall also comply with Section 313(b) of the TIA. 
 A copy of each report at the time
of its mailing or sending to the Holders shall be filed with the SEC and each stock exchange (if any) on which the Securities are listed. The Issuers agree to notify promptly the Trustee whenever the Securities become listed on any stock exchange
and of any delisting thereof. 
 Section 7.07.    Compensation and Indemnity. The Issuers shall pay to the
Trustee from time to time compensation for its services as separately agreed to by the Issuers and the Trustee in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuers
shall reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation
for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts. The Issuers and each Guarantor, jointly and severally shall indemnify
the Trustee against any and all loss, liability, claim, damage, expense, fee or cost (including reasonable attorneys’ fees and expenses) incurred by or in connection with the acceptance or administration of this trust and the performance of its
duties the exercise of any of its rights or powers hereunder, including the costs and expenses of enforcing this Indenture or Guarantee against the Issuers or a Guarantor (including this Section 7.07) and defending itself against or
investigating any claim (whether asserted by the Issuers, any Guarantor, any Holder or any other Person), and including reasonable attorneys’ fees and expenses and court costs incurred in connection with any action, claim or suit brought to
enforce the Trustee’s right to compensation, reimbursement or indemnification. The obligation to pay such amounts shall survive the payment in full or defeasance of the Securities or the removal or resignation of the Trustee. The Trustee shall
notify the Issuers of any claim for which it may seek indemnity promptly upon obtaining actual knowledge thereof; provided, 

  
 90 








 
however, that any failure so to notify the Issuers shall not relieve the Issuers or any Guarantor of its indemnity obligations hereunder. The Issuers shall defend the claim and the indemnified
party shall provide reasonable cooperation at the Issuers’ expense in the defense. Such indemnified parties may have separate counsel and the Issuers and the Guarantors, as applicable shall pay the fees and expenses of such counsel; provided,
however, that the Issuers shall not be required to pay such fees and expenses if it assumes such indemnified parties’ defense and, in such indemnified parties’ reasonable judgment, there is no conflict of interest between the Issuers and
the Guarantors, as applicable, and such parties in connection with such defense. The Issuers need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party through such party’s own willful
misconduct or negligence, as finally adjudicated by a court of competent jurisdiction. All indemnifications and releases from liability granted hereunder to the Trustee shall extend to its officers, directors, employees, agents, attorneys,
custodians, successors and assigns. 
 To secure the Issuers’ and the Guarantors’ payment obligations in this Section, the Trustee
shall have a Lien prior to the Securities on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Securities. The Trustee’s right to receive payment of
any amounts due under this Section 7.07 shall not be subordinate to any other liability or Indebtedness of the Issuers. 
 The
Issuers’ and the Guarantors’ payment obligations pursuant to this Section shall survive the satisfaction or discharge of this Indenture, any rejection or termination of this Indenture under any bankruptcy law or the resignation or removal
of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs expenses after the occurrence of a Default specified in Section 6.01(e) or (f) with respect to the Issuers, the
expenses are intended to constitute expenses of administration under the Bankruptcy Law. 
 No provision of this Indenture shall require the
Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if repayment of such funds or adequate indemnity against such
risk or liability is not assured to its satisfaction. 
 “Trustee” for the purposes of this Section 7.07 shall include any
predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided, however, that the negligence or willful misconduct of any Trustee hereunder shall not affect the
rights of any other Trustee hereunder. 
 Section 7.08.    Replacement of Trustee. (a) The Trustee may
resign at any time by so notifying the Issuers. The Holders of a majority in principal amount of the Securities may remove the Trustee by so notifying the Trustee and may appoint a successor Trustee. The Issuers shall remove the Trustee if: 

(i)    the Trustee fails to comply with Section 7.10; 

  
 91 








 (ii)    the Trustee is adjudged bankrupt or insolvent; 

(iii)    a receiver or other public officer takes charge of the Trustee or its property; or 

(iv)    the Trustee otherwise becomes incapable of acting. 

(b)    If the Trustee resigns, is removed by the Issuers or by the Holders of a majority in principal amount of the
Securities and such Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Issuers shall
promptly appoint a successor Trustee. 
 (c)    A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Issuers. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture.
The successor Trustee shall send a notice of its succession to the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.07. 

(d)    If a successor Trustee does not take office within 30 days after the retiring Trustee resigns or is removed, the
retiring Trustee or the Holders of 10% in principal amount of the Securities may petition at the expense of the Issuers any court of competent jurisdiction for the appointment of a successor Trustee. 

(e)    If the Trustee fails to comply with Section 7.10, unless the Trustee’s duty to resign is stayed as
provided in Section 310(b) of the TIA, any Holder who has been a bona fide holder of a Security for at least six months may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee.

 (f)    Notwithstanding the replacement of the Trustee pursuant to this Section, the Issuers’ obligations under
Section 7.07 shall continue for the benefit of the retiring Trustee. 
 Section 7.09.    Successor Trustee
by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation
without any further act shall be the successor Trustee. 
 In case at the time such successor or successors by merger, conversion or
consolidation to the Trustee shall succeed to the trusts created by this Indenture any of the Securities shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any
predecessor trustee, and deliver such Securities so authenticated; and in case at that time any of the Securities shall not have been authenticated, any successor to the Trustee may authenticate such Securities either in the name of any predecessor
hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Securities or in this Indenture provided that the certificate of the Trustee shall have. 

  
 92 








 Section 7.10.    Eligibility; Disqualification. The Trustee shall
at all times satisfy the requirements of Section 310(a) of the TIA. The Trustee shall have a combined capital and surplus of at least $50.0 million as set forth in its most recent published annual report of condition. The Trustee shall
comply with Section 310(b) of the TIA, subject to its right to apply for a stay of its duty to resign under the penultimate paragraph of Section 310(b) of the TIA; provided, however, that there shall be excluded from the operation of
Section 310(b)(1) of the TIA any series of securities issued under this Indenture and any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Issuers are outstanding if
the requirements for such exclusion set forth in Section 310(b)(1) of the TIA are met. 

Section 7.11.    Preferential Collection of Claims Against the Issuers. The Trustee shall comply
with Section 311(a) of the TIA, excluding any creditor relationship listed in Section 311(b) of the TIA. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the TIA to the extent indicated. 

ARTICLE 8 

DISCHARGE OF INDENTURE; DEFEASANCE 

Section 8.01.    Discharge of Liability on Securities; Defeasance. This Indenture shall be discharged and
shall cease to be of further effect (except as to surviving rights of registration of transfer or exchange of Securities, as expressly provided for in this Indenture) as to all outstanding Securities when: 

(a)    either (i) all the Securities theretofore authenticated and delivered (other than Securities pursuant to
Section 2.08 which have been replaced or paid and Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuers and thereafter repaid to the Issuers or discharged from such trust) have
been delivered to the Trustee for cancellation or (ii) all of the Securities (a) have become due and payable, (b) will become due and payable at their stated maturity within one year or (c) if redeemable at the option of the
Issuers, are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Issuers, and the Issuers have irrevocably deposited
or caused to be deposited with the Trustee cash in U.S. Dollars, U.S. Government Obligations or a combination thereof in an amount sufficient in the written opinion of a firm of independent public accountants delivered to the Trustee (which delivery
shall only be required if Government Obligations have been so deposited) to pay and discharge the entire Indebtedness on the Securities not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the
Securities to the date of deposit together with irrevocable instructions from the Issuers directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 

  
 93 








 (b)    the Issuers and/or the Guarantors have paid all other sums payable
under this Indenture; and 
 (c)    the Issuers have delivered to the Trustee an Officer’s Certificate and an
Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 

Subject to Sections 8.01(d) and 8.02, the Issuers at any time may terminate (i) all of their obligations under the Securities and this
Indenture (with respect to such Securities) (“legal defeasance option”) or (ii) their obligations under Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.11 and 4.12 and the operation of Section 5.01 and Sections
6.01(c), 6.01(d), 6.01(e) (with respect to Significant Subsidiaries of the Company only), 6.01(f) (with respect to Significant Subsidiaries of the Company only), 6.01(g) (with respect to Significant Subsidiaries of the Company only) and
Section 6.01(h) (“covenant defeasance option”). The Issuers may exercise their legal defeasance option notwithstanding their prior exercise of their covenant defeasance option. In the event that the Issuers terminate all of
their obligations under the Securities and this Indenture (with respect to such Securities) by exercising their legal defeasance option or their covenant defeasance option, the obligations of each Guarantor under its Guarantee of such Securities
shall be terminated simultaneously with the termination of such obligations. 
 If the Issuers exercise their legal defeasance option,
payment of the Securities so defeased may not be accelerated because of an Event of Default. If the Issuers exercise their covenant defeasance option, payment of the Securities so defeased may not be accelerated because of an Event of Default
specified in Sections 6.01(c), 6.01(d), 6.01(e) (with respect to Significant Subsidiaries of the Company only), 6.01(f) (with respect to Significant Subsidiaries of the Company only), 6.01(g) (with respect to Significant Subsidiaries of the Company
only) or Section 6.01(h) or because of the failure of the Issuers to comply with Section 5.01. 
 Upon satisfaction of the
conditions set forth herein and upon request of the Issuers, the Trustee shall acknowledge in writing the discharge of those obligations that the Issuers terminate. 

(d)    Notwithstanding clauses (a) and (b) above, the Issuers’ obligations in Sections 2.04, 2.05, 2.06, 2.07,
2.08, 2.09, 7.07, 7.08 and in this Article 8 shall survive until the Securities have been paid in full. Thereafter, the Issuers’ obligations in Sections 7.07, 8.05 and 8.06 shall survive such satisfaction and discharge. 

Section 8.02.    Conditions to Defeasance. (a) The Issuers may exercise their legal defeasance option or
its covenant defeasance option only if: 
 (i)    the Issuers irrevocably deposit in trust with the
Trustee cash in U.S. Dollars, U.S. Government Obligations or a combination thereof in an amount sufficient or Government Obligations, the principal of and the interest on which will be sufficient, or a combination thereof sufficient, to pay the
principal of and premium (if any) and interest on the Securities when due at maturity or redemption, as the case may be, including interest thereon to maturity or such redemption date; 

  
 94 








 (ii)    the Issuers deliver to the Trustee a certificate from
a firm of independent accountants expressing their opinion that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide cash at
such times and in such amounts as will be sufficient to pay principal, premium, if any, and interest when due on all the Securities to maturity or redemption, as the case may be; 

(iii)    123 days pass after the deposit is made and during the
123-day period no Default specified in Section 6.01(e) or (f) with respect to the Issuers occurs which is continuing at the end of the period; 

(iv)    the deposit does not constitute a default under any other agreement binding on the Issuers; 

(v)    in the case of the legal defeasance option, the Issuers shall have delivered to the Trustee an
Opinion of Counsel stating that (1) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling, or (2) since the date of this Indenture there has been a change in the applicable Federal income tax
law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the beneficial owners will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and defeasance and will
be subject to Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit and defeasance had not occurred; 

(vi)    impair the right of any holder to receive payment of principal of, premium, if any, and interest on
such holder’s Securities on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such holder’s Securities; 

(vii)    in the case of the covenant defeasance option, the Issuers shall have delivered to the Trustee an
Opinion of Counsel to the effect that the Holders will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit and defeasance and will be subject to Federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such deposit and defeasance had not occurred; and 

(viii)    the Issuers deliver to the Trustee an Officer’s Certificate and an Opinion of Counsel, each
stating that all conditions precedent to the defeasance and discharge of the Securities to be so defeased and discharged as contemplated by this Article 8 have been complied with. 

  
 95 








 (b)    Before or after a deposit, the Issuers may make arrangements
satisfactory to the Trustee for the redemption of such Securities at a future date in accordance with Article 3. 

Section 8.03.    Application of Trust Money. The Trustee shall hold in trust money or Government Obligations
(including proceeds thereof) deposited with it pursuant to this Article 8. It shall apply the deposited money and the money from Government Obligations through each Paying Agent and in accordance with this Indenture to the payment of principal of
and interest on the Securities so discharged or defeased. 
 Section 8.04.    Repayment to Company. Each of
the Trustee and each Paying Agent shall promptly turn over to the Issuers upon request any money or Government Obligations held by it as provided in this Article which, in the written opinion of nationally recognized firm of independent public
accountants delivered to the Trustee (which delivery shall only be required if Government Obligations have been so deposited), are in excess of the amount thereof which would then be required to be deposited to effect an equivalent discharge or
defeasance in accordance with this Article. 
 Subject to any applicable abandoned property law, the Trustee and each Paying Agent shall pay
to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the Issuers for payment as general creditors, and
the Trustee and each Paying Agent shall have no further liability with respect to such monies. 

Section 8.05.    Indemnity for Government Obligations. The Issuers shall pay and shall indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against deposited Government Obligations or the principal and interest received on such Government Obligations. 

Section 8.06.    Reinstatement. If the Trustee or any Paying Agent is unable to apply any money or Government
Obligations in accordance with this Article 8 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Issuers’
obligations under this Indenture and the Securities so discharged or defeased shall be revived and reinstated as though no deposit had occurred pursuant to this Article 8 until such time as the Trustee or any Paying Agent is permitted to apply all
such money or Government Obligations in accordance with this Article 8; provided, however, that, if the Issuers have made any payment of principal of or interest on, any such Securities because of the reinstatement of their obligations, the Issuers
shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or Government Obligations held by the Trustee or any Paying Agent. 

  
 96 








 ARTICLE 9 

AMENDMENTS AND WAIVERS 

Section 9.01.    Without Consent of the Holders. (a) The Issuers, the Guarantors and the Trustee may
supplement or amend this Indenture or the Securities without notice to or consent of any Holder: 

(i)    to cure any ambiguity, omission, mistake, defect or inconsistency; 

(ii)    to provide for the assumption by a Successor Company of the obligations of an Issuer under this
Indenture and the Securities; 
 (iii)    to provide for the assumption by a Successor Guarantor of the
obligations of a Guarantor under this Indenture and its Guarantee; 
 (iv)    to comply with Article 5;

 (v)    to provide for uncertificated Securities in addition to or in place of certificated Securities;
provided, however, that the uncertificated Securities are issued in registered form for purposes of Section 163(f) of the Code or in a manner such that the uncertificated Securities are described in Section 163(f)(2)(B) of
the Code; 
 (vi)    to add additional Guarantees with respect to the Securities (provided any such
supplemental indenture may be signed by the Issuers, the Guarantor providing the Guarantee and the Trustee) or to secure the Securities; 

(vii)    to add to the covenants of the Issuers for the benefit of the Holders or to surrender any right or
power herein conferred upon the Issuers; 
 (viii)    to comply with any requirement of the SEC in
connection with qualifying or maintaining the qualification of, this Indenture under the TIA; 

(ix)    to make any change that does not materially adversely affect the rights of any Holder; 

(x)    to provide for the issuance of Additional Securities, which shall have terms substantially identical
in all material respects to the Securities, and which shall be treated, together with any outstanding Securities, as a single issue of securities; or 

(xi)    to conform the text of this Indenture, the Guarantees or the Securities to any provisions of the
“Description of Notes” section of the Offering Circular. 
 After an amendment under this Section 9.01 becomes
effective, the Issuers shall mail or send to the Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this
Section 9.01. 

  
 97 








 Section 9.02.    With Consent of the Holders. (a) The
Issuers, the Guarantors and the Trustee may amend this Indenture or the Securities with the written consent of the Holders of at least a majority in principal amount of the Securities then outstanding voting as a single class (including consents
obtained in connection with a tender offer or exchange for the Securities). However, without the consent of each Holder of an outstanding Security affected, an amendment may not: 

(i)    reduce the amount of Securities whose Holders must consent to an amendment, 

(ii)    reduce the rate of or extend the time for payment of interest on any Security, 

(iii)    reduce the principal of or change the Stated Maturity of any Security, 

(iv)    reduce the premium payable upon the redemption of any Security or change the time at which any
Security may be redeemed in accordance with Article 3, 
 (v)    make any Security payable in money other
than that stated in such Security, 
 (vi)    expressly subordinate the Securities or any Guarantees to
any other Indebtedness of the Issuers or any Guarantor, 
 (vii)    impair the contractual right of any
Holder to receive payment of principal of or premium, if any, and interest on such Holder’s Securities on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such Holder’s
Securities, 
 (viii)    make any change in Section 6.04 or 6.07 or the second sentence of this
Section 9.02, or 
 (ix)    modify any Guarantees in any manner adverse to the Holders. 

It shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any proposed
amendment, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment under this Section 9.02
becomes effective, the Issuers shall send to the Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this
Section 9.02. 

  
 98 








 Section 9.03.    Compliance with Trust Indenture Act. From the
date on which this Indenture is qualified under the TIA, if any, every amendment, waiver or supplement to this Indenture or the Securities shall comply with the TIA as then in effect. 

Section 9.04.    Revocation and Effect of Consents and Waivers. (a) A consent to an amendment or a waiver
by a Holder of a Security shall bind the Holder and every subsequent Holder of that Security or portion of the Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent or waiver is not made on
the Security. However, any such Holder or subsequent Holder may revoke the consent or waiver as to such Holder’s Security or portion of the Security if the Trustee receives the notice of revocation before the date on which the Trustee receives
an Officer’s Certificate from the Issuers certifying that the requisite principal amount of Securities have consented. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective upon the
(i) receipt by the Issuers or the Trustee of consents by the Holders of the requisite principal amount of securities, (ii) satisfaction of conditions to effectiveness as set forth in this Indenture and any indenture supplemental hereto
containing such amendment or waiver and (iii) execution of such amendment or waiver (or supplemental indenture) by the Issuers and the Trustee. 

(b)    The Issuers may, but shall not be obligated to, fix a record date for the purpose of determining the Holders
entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were
Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders
after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 

Section 9.05.    Notation on or Exchange of Securities. If an amendment, supplement or waiver changes the
terms of a Security, the Issuers may require the Holder of the Security to deliver it to the Trustee. The Trustee may place an appropriate notation on the Security regarding the changed terms and return it to the Holder. Alternatively, if the
Issuers or the Trustee so determines, the Issuers in exchange for the Security shall issue and the Trustee shall authenticate a new Security that reflects the changed terms. Failure to make the appropriate notation or to issue a new Security shall
not affect the validity of such amendment, supplement or waiver. 
 Section 9.06.    Trustee to Sign
Amendments. Upon written request of the Issuers, and if applicable upon the filing with the Trustee of evidence of the consent of Holders, the Trustee shall sign any amendment, supplement or waiver authorized pursuant to this Article 9 if the
amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing such amendment, the Trustee shall be entitled to receive indemnity reasonably satisfactory
to it and shall be provided with, and (subject to Section 7.01) shall be fully protected in relying upon, an Officer’s Certificate and an Opinion of Counsel stating that 

  
 99 








 
such amendment, supplement or waiver is authorized or permitted by this Indenture and that such amendment, supplement or waiver is the legal, valid and binding obligation of the Issuers and the
Guarantors, enforceable against them in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof (including Section 9.03). 

Section 9.07.    [Reserved.] 

Section 9.08.    Additional Voting Terms; Calculation of Principal Amount. All Securities issued under this
Indenture shall vote and consent together on all matters (as to which any of such Securities may vote) as one class and no series of Securities will have the right to vote or consent as a separate class on any matter. Determinations as to whether
Holders of the requisite aggregate principal amount of Securities have concurred in any direction, waiver or consent shall be made in accordance with this Article 9 and Section 2.14. 

ARTICLE 10 
 REXNORD
CORPORATION GUARANTEE 
 Section 10.01.    Rexnord Corporation Guarantee.
Rexnord Corporation shall execute a Guarantee of the Securities in the form of Exhibit D on the Issue Date, which guarantee, among other things, provides that it shall terminate upon written notice from Rexnord Corporation to the Issuers, the
Guarantors, the Trustee and the Holders of the Securities at any time. 
 ARTICLE 11 

GUARANTEES 

Section 11.01.    Guarantees. (a) Each Guarantor hereby jointly and severally, irrevocably and
unconditionally guarantees on an unsecured senior basis, as a primary obligor and not merely as a surety, to each Holder and to the Trustee and its successors and assigns (i) the full and punctual payment when due, whether at Stated Maturity,
by acceleration, by redemption or otherwise, of all obligations of the Issuers under this Indenture (including obligations to the Trustee) and the Securities, whether for payment of principal of, premium, if any, or interest on in respect of the
Securities and all other monetary obligations of the Issuers under this Indenture and the Securities and (ii) the full and punctual performance within applicable grace periods of all other obligations of the Issuers whether for fees, expenses,
indemnification or otherwise under this Indenture and the Securities (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be
extended or renewed, in whole or in part, without notice or further assent from each such Guarantor, and that each such Guarantor shall remain bound under this Article 11 notwithstanding any extension or renewal of any Guaranteed Obligation. 

(b)    Each Guarantor waives presentation to, demand of payment from and protest to the Issuers of any of the Guaranteed
Obligations and also waives notice of protest for nonpayment. Each Guarantor waives notice of any default under the 

  
 100 








 
Securities or the Guaranteed Obligations. The obligations of each Guarantor hereunder shall not be affected by (i) the failure of any Holder or the Trustee to assert any claim or demand or
to enforce any right or remedy against the Issuers or any other Person under this Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of this Indenture, the Securities or any other agreement;
(iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Securities or any other agreement; (iv) the release of any security held by any Holder or the Trustee for the Guaranteed
Obligations or any Guarantor; (v) the failure of any Holder or Trustee to exercise any right or remedy against any other guarantor of the Guaranteed Obligations; or (vi) any change in the ownership of such Guarantor, except as provided in
Section 11.02(b). 
 (c)    Each Guarantor hereby waives any right to which it may be entitled to have its
obligations hereunder divided among the Guarantors, such that such Guarantor’s obligations would be less than the full amount claimed. Each Guarantor hereby waives any right to which it may be entitled to have the assets of the Issuers first be
used and depleted as payment of the Issuers’ or such Guarantor’s obligations hereunder prior to any amounts being claimed from or paid by such Guarantor hereunder. Each Guarantor hereby waives any right to which it may be entitled to
require that the Issuers be sued prior to an action being initiated against such Guarantor. 
 (d)    Each Guarantor
further agrees that its Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any security
held for payment of the Guaranteed Obligations. 
 (e)    Except as expressly set forth in Sections 8.01(b), 11.02 and
11.06, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to
any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of
each Guarantor herein shall not be discharged or impaired or otherwise affected by the failure of any Holder or the Trustee to assert any claim or demand or to enforce any remedy under this Indenture, the Securities or any other agreement, by any
waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner or
to any extent vary the risk of any Guarantor or would otherwise operate as a discharge of any Guarantor as a matter of law or equity. 

(f)    Each Guarantor agrees that its Guarantee shall remain in full force and effect until payment in full of all the
Guaranteed Obligations. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any Guaranteed
Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Issuers or otherwise. 

  
 101 








 (g)    In furtherance of the foregoing and not in limitation of any other
right which any Holder or the Trustee has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuers to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at
maturity, by acceleration, by redemption or otherwise, or to perform or comply with any other Guaranteed Obligation, each Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in
cash, to the Holders or the Trustee an amount equal to the sum of (i) the unpaid principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by
applicable law) and (iii) all other monetary obligations of the Issuers to the Holders and the Trustee. 

(h)    Each Guarantor agrees that it shall not be entitled to any right of subrogation in relation to the Holders in
respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations. Each Guarantor further agrees that, as between it, on the one hand, and the Holders and the Trustee, on the other hand, (i) the
maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in Article 6 for the purposes of any Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
Guaranteed Obligations guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article 6, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due
and payable by such Guarantor for the purposes of this Section 11.01. 
 (i)    Each Guarantor also agrees to pay
any and all costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section 11.01. 

(j)    Upon request of the Trustee, each Guarantor shall execute and deliver such further instruments and do such further
acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

Section 11.02.    Limitation on Liability. (a) Any term or provision of this Indenture to the contrary
notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by any Guarantor shall not exceed the maximum amount that can be hereby guaranteed without rendering this Indenture, as it relates to such Guarantor,
voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. 

(b)    A Guarantee as to any Guarantor shall terminate and be of no further force or effect and such Guarantor shall be
deemed to be released from all obligations under this Article 11 upon: 
 (i)    the sale, disposition,
exchange or other transfer (including through merger, consolidation, amalgamation or otherwise) of the Capital Stock (including any sale, disposition or other transfer following which the applicable Guarantor is no longer a Restricted Subsidiary) of
the applicable Guarantor if such sale, disposition, exchange or other transfer is made in a manner not in violation of this Indenture, 

  
 102 








 (ii)    the Company designating such Guarantor to be an
Unrestricted Subsidiary in accordance with the provisions set forth under Section 4.04 and the definition of “Unrestricted Subsidiary,” 

(iii)    the release or discharge of the guarantee by such Guarantor of Indebtedness of the Company or any
Restricted Subsidiary of the Company or such Guarantor or the repayment of the Indebtedness or Disqualified Stock, in each case, which resulted in the obligation to guarantee the Securities, and 

(iv)    the Issuers’ exercise of their defeasance options under Article 8, or if the Issuers’
obligations under this Indenture are discharged in accordance with the terms of this Indenture; or 

(v)    the occurrence of a Covenant Suspension Event. 

In the case of (b)(i) above, such Guarantor shall be released from its guarantees, if any, of, and all pledges and security, if any, granted
in connection with, the Credit Agreement and any other Indebtedness of the Issuers or any Restricted Subsidiary of the Issuers. 
 A
Guarantee of a Guarantor also shall be automatically released upon the applicable Subsidiary ceasing to be a Subsidiary as a result of any foreclosure of any pledge or security interest securing Bank Indebtedness or other exercise of remedies in
respect thereof or if such Subsidiary is released from its guarantees of, and all pledges and security interests granted in connection with, the Credit Agreement and any other Indebtedness of the Issuers or any Restricted Subsidiary of the Company
which results in the obligation to guarantee the Securities. 
 Section 11.03.    Successors and Assigns.
This Article 11 shall be binding upon each Guarantor and its successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder
or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Securities shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture. 

Section 11.04.    No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders in
exercising any right, power or privilege under this Section 11.01 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies
and benefits of the Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article 11 at law, in equity, by statute or otherwise. 

  
 103 








 Section 11.05.    Modification. No modification, amendment or
waiver of any provision of this Article 11, nor the consent to any departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstances. 

Section 11.06.    Execution of Supplemental Indenture for Future Guarantors. Each Subsidiary and other Person
which is required to become a Guarantor pursuant to Section 4.11 shall promptly execute and deliver to the Trustee a supplemental indenture in the form of Exhibit C hereto pursuant to which such Subsidiary or other Person shall become a
Guarantor under this Article 11 and shall guarantee the Guaranteed Obligations. Concurrently with the execution and delivery of such supplemental indenture, the Issuers shall deliver to the Trustee an Opinion of Counsel and an Officer’s
Certificate to the effect that such supplemental indenture has been duly authorized, executed and delivered by such Subsidiary or other Person and that, subject to the application of bankruptcy, insolvency, moratorium, fraudulent conveyance or
transfer and other similar laws relating to creditors’ rights generally and to the principles of equity, whether considered in a proceeding at law or in equity, the Guarantee of such Guarantor is a valid and binding obligation of such
Guarantor, enforceable against such Guarantor in accordance with its terms and/or to such other matters as the Trustee may reasonably request. 

Section 11.07.    Non-Impairment. The failure to endorse a Guarantee
on any Security shall not affect or impair the validity thereof. 
 ARTICLE 12 

[RESERVED] 
 ARTICLE
13 
 MISCELLANEOUS 

Section 13.01.    Trust Indenture Act Controls. If and to the extent that any provision of this Indenture
limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of, Sections 310 to 318 of the TIA, inclusive, such imposed duties or incorporated
provision shall control. 
 Section 13.02.    Notices. (a) Any notice or communication required or
permitted hereunder shall be in writing and delivered in person, delivered by overnight air courier guaranteeing next day delivery, via email, facsimile or mailed by first-class mail addressed as follows: 

if to the Issuers or a Guarantor: 

RBS Global, Inc. 
 4701 West
Greenfield Avenue 
 Milwaukee, Wisconsin 53214 

Attention of: General Counsel 

Facsimile: (513) 826-6690 

Email Address: patty.whaley@rexnord.com 

  
 104 








 if to the Trustee: 

Wells Fargo Bank, National Association 

600 South Fourth Street, 6th Floor 

MAC N9300-060 

Minneapolis, MN 55415 
 Attention
of: Corporate, Municipal and Escrow Services 
 Facsimile: (612) 667-9825 

Email Address: David.Pickett@wellsfargo.com 

The Issuers or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 (b)    Any notice or communication mailed to a Holder shall be mailed, first class mail, to the Holder at the
Holder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Indenture,
with respect to Global Securities, any notice or communication to a Holder may be sent in accordance with Applicable Procedures. 

(c)    Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with
respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or not the addressee receives it, except that notices to the Trustee are effective only if received. 

Section 13.03.    Communication by the Holders with Other Holders. The Holders may communicate pursuant to
Section 312(b) of the TIA with other Holders with respect to their rights under this Indenture or the Securities. The Issuers, the Trustee, the Registrar and other Persons shall have the protection of Section 312(c) of the TIA. 

Section 13.04.    Certificate and Opinion as to Conditions Precedent. Upon any request or application by the
Issuers to the Trustee to take or refrain from taking any action under this Indenture, the Issuers shall furnish to the Trustee: 

(a)    an Officer’s Certificate in form reasonably satisfactory to the Trustee stating that, in the opinion of the
signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b)    an Opinion of Counsel in form reasonably satisfactory to the Trustee stating that, in the opinion of such counsel,
all such conditions precedent have been complied with. 

  
 105 








 Section 13.05.    Statements Required in Certificate or Opinion.
Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture (other than pursuant to Section 4.09) shall include: 

(a)    a statement that the individual making such certificate or opinion has read such covenant or condition; 

(b)    a brief statement as to the nature and scope of the examination or investigation upon which the statements or
opinions contained in such certificate or opinion are based; 
 (c)    a statement that, in the opinion of such
individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d)    a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied
with; provided, however, that with respect to matters of fact an Opinion of Counsel may rely on an Officer’s Certificate or certificates of public officials. 

Section 13.06.    When Securities Disregarded. In determining whether the Holders of the required principal
amount of Securities have concurred in any direction, waiver or consent, Securities owned by the Issuers, any Guarantor or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuers
or any Guarantor shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Securities which the Trustee knows
are so owned shall be so disregarded. Subject to the foregoing, only Securities outstanding at the time shall be considered in any such determination. 

Section 13.07.    Rules by Trustee, Paying Agent and Registrar. The Trustee may make reasonable rules for
action by or a meeting of the Holders. The Registrar and a Paying Agent may make reasonable rules for their functions. 

Section 13.08.    Legal Holidays. If a payment date is not a Business Day, payment shall be made on the next
succeeding day that is a Business Day, and no interest shall accrue on any amount that would have been otherwise payable on such payment date if it were a Business Day for the intervening period. If a regular record date is not a Business Day, the
record date shall not be affected. 
 Section 13.09.    GOVERNING LAW; JURY TRIAL WAIVER. THIS INDENTURE AND
THE SECURITIES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. THE ISSUERS, THE GUARANTORS AND THE TRUSTEE, AND EACH HOLDER OF A SECURITY BY ITS ACCEPTANCE
THEREOF, IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE SECURITIES OR ANY TRANSACTION CONTEMPLATED THEREBY. 

  
 106 








 Section 13.10.    No Recourse Against Others. No
director, officer, employee, manager, incorporator or holder of any Equity Interests in the Issuers or of any Guarantor or any direct or indirect parent companies, as such, shall have any liability for any obligations of the Issuers or the
Guarantors under the Securities, this Indenture or the Guarantees or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Securities. 

Section 13.11.    Successors. All agreements of the Issuers and each Guarantor in this Indenture and the
Securities shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. 

Section 13.12.    Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed
copy shall be an original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute
effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original
signatures for all purposes. 
 Section 13.13.    Table of Contents; Headings. The table of contents,
cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions
hereof. 
 Section 13.14.    Indenture Controls. If and to the extent that any provision of the Securities
limits, qualifies or conflicts with a provision of this Indenture, such provision of this Indenture shall control. Except the extent expressly provided otherwise herein, unless and until this Indenture shall be qualified under the TIA, this
Indenture shall not be subject to the TIA, and no provisions of the TIA shall be deemed incorporated by reference herein. 

Section 13.15.    Severability. In case any provision in this Indenture shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability.

 Section 13.16.    U.S.A. Patriot Act. The Issuers and Guarantors acknowledge that in accordance with
Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or
legal entity that establishes a relationship or opens an account with the Trustee. 

  
 107 








 
The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. PATRIOT Act. 

[Remainder of page intentionally left blank] 

  
 108 








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

			
	RBS GLOBAL, INC.
		
	By:	 	 /s/ Patricia M. Whaley

		 	Name: Patricia M. Whaley
		 	Title: Vice President, General Counsel and Secretary
	
	REXNORD LLC
		
	By:	 	 /s/ Patricia M. Whaley

		 	Name: Patricia M. Whaley
		 	Title: Vice President, General Counsel and Secretary









 
			
	 AMERICAN DRYER LLC
 CAMBRIDGE
INTERNATIONAL, INC.
 CLINE ACQUISITION CORP.
 GA INDUSTRIES
HOLDINGS, LLC
 GREEN TURTLE AMERICAS LTD.
 KRIKLES, INC.

OEI, INC.
 OEP, INC.

PRAGER INCORPORATED
 PRECISION GEAR LLC

MERIT GEAR LLC
 PT COMPONENTS, INC.

RBS ACQUISITION CORPORATION
 RBS CHINA HOLDINGS, L.L.C.

REXNORD INDUSTRIES, LLC
 REXNORD INTERNATIONAL INC.

REXNORD-ZURN HOLDINGS, INC.
 THE FALK SERVICE CORPORATION

VAG USA, LLC
 WORLD DRYER CHINA, LLC

WORLD DRYER CORPORATION
 ZURCO, INC.

ZURN INDUSTRIES, LLC
 ZURN INTERNATIONAL, INC.

ZURN PEX, INC.

		
	By:	 	 /s/ Patricia M. Whaley

		 	Name: Patricia M. Whaley
		 	Title: Vice President, General Counsel and Secretary









 
					
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Gregory S. Clarke

		 	Name:	 	Gregory S. Clarke
		 	Title:	 	Vice President









 APPENDIX A 

PROVISIONS RELATING TO 

ORIGINAL SECURITIES AND ADDITIONAL SECURITIES 

1.    Definitions. 

1.1    Definitions. 

For the purposes of this Appendix A, the following terms shall have the meanings indicated below: 

“Clearstream” means Clearstream Banking, S.A. 

“Definitive Security” means a certificated Security (bearing the Restricted Securities Legend if the transfer of such
Security is restricted by applicable law) that does not include the Global Securities Legend. 
 “Depository” means The
Depository Trust Company, its nominees and their respective successors. 
 “Euroclear” means Euroclear Bank S.A./N.V., as
operator of the Euroclear System. 
 “Global Securities Legend” means the legend set forth under that caption in the
applicable Exhibit to this Indenture. 
 “Global Security” means a certificated Security (bearing the Restricted Securities
Legend if the transfer of such Security is restricted by applicable law) that includes the Global Securities Legend. 

“IAI” means an institutional “accredited investor” as described in Rule 501(a)(1), (2), (3) or
(7) under the Securities Act. 
 “Initial Purchasers” means Credit Suisse Securities (USA) LLC, BMO Capital Markets
Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Barclays Capital Inc., Goldman Sachs & Co. LLC and Mizuho Securities USA LLC and such other initial purchasers party to the Purchase Agreement entered into in connection
with the offer and sale of the Securities. 
 “Purchase Agreement” means (a) the Purchase Agreement dated
November 30, 2017, among the Issuers, the guarantors named therein and the Initial Purchasers party thereto and (b) any other similar Purchase Agreement relating to Additional Securities. 

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

“Regulation S” means Regulation S under the Securities Act. 







 “Regulation S Securities” means all Securities privately placed outside the
United States in reliance on Regulation S. 
 “Restricted Period,” with respect to any Securities, means the period of 40
consecutive days beginning on and including the later of (a) the day on which such Securities are first offered to persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S, notice of
which day shall be promptly given by the Company to the Trustee, and (b) the Issue Date, and with respect to any Additional Securities that are Transfer Restricted Securities, it means the comparable period of 40 consecutive days. 

“Restricted Securities Legend” means the legend set forth in Section 2.2(g)(i) herein. 

“Rule 501” means Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

“Rule 506” means Rule 506 under the Securities Act. 

“Rule 144A” means Rule 144A under the Securities Act. 

“Rule 144A Securities” means all Securities privately placed with QIBs in reliance on Rule 144A and all Securities privately
placed with “accredited investors” as described in Rule 501(a) under the Securities Act in reliance on Rule 506. 

“Securities Custodian” means the custodian with respect to a Global Security (as appointed by the Depository) or any
successor person thereto, who shall initially be the Trustee. 
 “Transfer Restricted Definitive Securities” means
Definitive Securities that bear or are required to bear or are subject to the Restricted Securities Legend. 
 “Transfer Restricted
Global Securities” means Global Securities that bear or are required to bear or are subject to the Restricted Securities Legend. 

“Unrestricted Definitive Securities” means Definitive Securities that are not required to bear, or are not subject to, the
Restricted Securities Legend. 
 “Unrestricted Global Securities” means Global Securities and any other Securities that are
not required to bear, or are not subject to, the Restricted Securities Legend. 







 1.2    Other Definitions. 

 

			
	 Term:
	  	Defined
in
Section:
	 Agent Members
	  	2.1(b)
	 Global Securities
	  	2.1(b)
	 IAI Global Securities
	  	2.1(b)
	 Regulation S Global Securities
	  	2.1(b)
	 Rule 144A Global Securities
	  	2.1(b)

 2.    The Securities. 

2.1    Form and Dating; Global Securities. 

(a)    The Securities issued on the date hereof will be (i) privately placed by the Issuers pursuant to the Purchase
Agreement and (ii) resold, initially only to (1) QIBs in reliance on Rule 144A, (2) “accredited investors” as described in Rule 501(a) under the Securities Act in reliance on Rule 506 and (3) Persons other than U.S.
Persons (as defined in Regulation S) in reliance on Regulation S. Such Securities may thereafter be transferred to, among others, QIBs, purchasers in reliance on Regulation S and, except as set forth below, IAIs in accordance with Rule 501.
Additional Securities offered after the date hereof may be offered and sold by the Issuers from time to time pursuant to one or more Purchase Agreements in accordance with applicable law. 

(b)    Global Securities. (i) Except as provided in (c) below, Rule 144A Securities initially shall be
represented by one or more Securities in definitive, fully registered, global form without interest coupons (collectively, the “Rule 144A Global Securities”). 

IAI Securities initially shall be represented by one or more Securities in definitive, fully registered, global form without interest coupons
(collectively, the “IAI Global Securities”) to accommodate transfers of beneficial interests in the Securities to IAIs subsequent to the initial distribution. 

Regulation S Securities initially shall be represented by one or more Securities in fully registered, global form without interest coupons
(collectively, the “Regulation S Global Securities”), which shall be registered in the name of the Depository or the nominee of the Depository for the accounts of designated agents holding on behalf of Euroclear or Clearstream. 

The aggregate principal amount of the Regulation S Global Securities may from time to time be increased or decreased by adjustments made on
the records of the Trustee and the Depository or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided. 

The provisions of the “Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of
Euroclear” and the “General Terms and Conditions of Clearstream Banking” and “Customer Handbook” of Clearstream shall be applicable to transfers of beneficial interests in the Regulation S Global Securities
that are held by Participants through Euroclear or Clearstream. 







 The term “Global Securities” means the Rule 144A Global Securities, the IAI
Global Securities and the Regulation S Global Securities. The Global Securities shall bear the Global Security Legend. The Global Securities initially shall (i) be registered in the name of the Depository or the nominee of such Depository, in
each case for credit to an account of an Agent Member, (ii) be delivered to the Trustee as custodian for such Depository and (iii) bear the Restricted Securities Legend. The Issuers have entered into a letter of representations with the
Depositary in the form provided by the Depositary and the Trustee and each Agent are hereby authorized to act in accordance with such letter and Applicable Procedures. 

Members of, or direct or indirect participants in, the Depository (collectively, the “Agent Members”) shall have no rights
under this Indenture with respect to any Global Security held on their behalf by the Depository, or the Trustee as its custodian, or under the Global Securities. The Depository may be treated by the Issuers, the Trustee and any agent of the Issuers
or the Trustee as the absolute owner of the Global Securities for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuers, the Trustee or any agent of the Issuers or the Trustee from giving effect to any
written certification, proxy or other authorization furnished by the Depository, or impair, as between the Depository and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security. 

The Registrar shall retain copies of all letters, notices and other written communications received pursuant to this Section 2.1 or
Section 2.2. The Company, at its sole cost and expense, shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the
Registrar. 
 (ii)    Transfers of Global Securities shall be limited to transfer in whole, but not in
part, to the Depository, its successors or their respective nominees. Interests of beneficial owners in the Global Securities may be transferred or exchanged for Definitive Securities only in accordance with the applicable rules and procedures of
the Depository and the provisions of Section 2.2. In addition, a Global Security shall be exchangeable for Definitive Securities if (x) the Depository (1) notifies the Company that it is unwilling or unable to continue as depository
for such Global Security and the Company thereupon fails to appoint a successor depository or (2) has ceased to be a clearing agency registered under the Exchange Act or (y) there shall have occurred and be continuing an Event of Default
with respect to such Global Security; provided that in no event shall the Regulation S Global Security be exchanged by the Issuers for Definitive Securities prior to (x) the termination of the Restricted Period and (y) the receipt
by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act. In all cases, Definitive Securities delivered in exchange for any Global Security or beneficial interests therein shall be registered in the
names, and issued in any approved denominations, requested by or on behalf of 







 
the Depository in accordance with its customary procedures. In connection with any proposed transfer of Definitive Securities in exchange for Global Securities, the Issuers or DTC shall be
required to provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Internal
Revenue Code Section 6045. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

(iii)    In connection with the transfer of a Global Security as an entirety to beneficial owners pursuant
to subsection (i) of this Section 2.1(b), such Global Security shall be deemed to be surrendered to the Trustee for cancellation, and the Issuers shall execute, and the Trustee shall authenticate and make available for delivery, to each
beneficial owner identified by the Depository in writing in exchange for its beneficial interest in such Global Security, an equal aggregate principal amount of Definitive Securities of authorized denominations. 

(iv)    Any Transfer Restricted Definitive Security delivered in exchange for an interest in a Global
Security pursuant to Section 2.2 shall, except as otherwise provided in Section 2.2, bear the Restricted Securities Legend. 

(v)    Notwithstanding the foregoing, through the Restricted Period, a beneficial interest in such
Regulation S Global Security may be held only through Euroclear or Clearstream unless delivery is made in accordance with the applicable provisions of Section 2.2. 

(vi)    The Holder of any Global Security may grant proxies and otherwise authorize any Person, including
Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Securities. 

2.2    Transfer and Exchange. 

(a)    Transfer and Exchange of Global Securities. A Global Security may not be transferred as a whole except as set
forth in Section 2.1(b). Global Securities will not be exchanged by the Issuers for Definitive Securities except under the circumstances described in Section in Section 2.1(b)(ii). Global Securities also may be exchanged or replaced, in
whole or in part, as provided in Sections 2.08 and 2.10 of this Indenture. Beneficial interests in a Global Security may be transferred and exchanged as provided in Section 2.2(b) or 2.2(h). 

(b)    Transfer and Exchange of Beneficial Interests in Global Securities. The transfer and exchange of beneficial
interests in the Global Securities shall be effected through the Depository, in accordance with the provisions of this Indenture and the applicable rules and procedures of the Depository. Beneficial interests in Transfer Restricted Global Securities
shall be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Beneficial interests in 







 
Global Securities shall be transferred or exchanged only for beneficial interests in Global Securities. Transfers and exchanges of beneficial interests in the Global Securities also shall require
compliance with either subparagraph (i) or (ii) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(i)    Transfer of Beneficial Interests in the Same Global Security. Beneficial interests in any
Transfer Restricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Transfer Restricted Global Security in accordance with the transfer restrictions set forth in the Restricted
Securities Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in a Regulation S Global Security may not be made to a U.S. Person or for the account or benefit of a U.S.
Person (other than an Initial Purchaser). A beneficial interest in an Unrestricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security. No written orders or
instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.2(b)(i). 

(ii)    All Other Transfers and Exchanges of Beneficial Interests in Global Securities. In
connection with all transfers and exchanges of beneficial interests in any Global Security that is not subject to Section 2.2(b)(i), the transferor of such beneficial interest must deliver to the Registrar (1) a written order from an Agent
Member given to the Depository in accordance with the applicable rules and procedures of the Depository directing the Depository to credit or cause to be credited a beneficial interest in another Global Security in an amount equal to the beneficial
interest to be transferred or exchanged and (2) instructions given in accordance with the applicable rules and procedures of the Depository containing information regarding the Agent Member account to be credited with such increase. Upon
satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Securities contained in this Indenture and the Securities or otherwise applicable under the Securities Act, the Trustee shall adjust the principal
amount of the relevant Global Security pursuant to Section 2.2(h) of this Appendix A. 

(iii)    Transfer of Beneficial Interests to Another Transfer Restricted Global Security. A
beneficial interest in a Transfer Restricted Global Security may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Transfer Restricted Global Security if the transfer complies with the requirements
of Section 2.2(b)(ii) above and the Registrar receives the following: 
 (A)    if the transferee
will take delivery in the form of a beneficial interest in a Rule 144A Global Security, then the transferor must deliver a certificate in the form attached to the applicable Security; 

(B)    if the transferee will take delivery in the form of a beneficial interest in a Regulation S Global
Security, then the transferor must deliver a certificate in the form attached to the applicable Security; and 







 (C)    if the transferee will take delivery in the form of a
beneficial interest in an IAI Global Security, then the transfer must deliver, in addition to the foregoing requirements, an Opinion of Counsel, if applicable, and a Transferee Letter of Representation in the form of Exhibit B. 

(iv)    Transfer and Exchange of Beneficial Interests in a Transfer Restricted Global Security for
Beneficial Interests in an Unrestricted Global Security. A beneficial interest in a Transfer Restricted Global Security may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Security or transferred to a
Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security if the exchange or transfer complies with the requirements of Section 2.2(b)(ii) above and the Registrar receives the following: 

(A)    if the holder of such beneficial interest in a Transfer Restricted Global Security proposes to
exchange such beneficial interest for a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form attached to the applicable Security; or 

(B)    if the holder of such beneficial interest in a Transfer Restricted Global Security proposes to
transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form attached to the applicable Security, 

and, in each such case, if the Company or the Registrar so requests or if the applicable rules and procedures of the Depository so require, an
Opinion of Counsel in form reasonably acceptable to the Company and the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted
Securities Legend are no longer required in order to maintain compliance with the Securities Act. If any such transfer or exchange is effected pursuant to this subparagraph (iv) at a time when an Unrestricted Global Security has not yet been
issued, the Issuers shall issue and, upon receipt of a written order of the Company in the form of an Officer’s Certificate in accordance with Section 2.01, the Trustee shall authenticate one or more Unrestricted Global Securities in an
aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred or exchanged pursuant to this subparagraph (iv). 

(v)    Transfer and Exchange of Beneficial Interests in an Unrestricted Global Security for Beneficial
Interests in a Transfer Restricted Global Security. Beneficial interests in an Unrestricted Global Security cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Transfer
Restricted Global Security. 







 (c)    Transfer and Exchange of Beneficial Interests in Global Securities
for Definitive Securities. A beneficial interest in a Global Security may not be exchanged for a Definitive Security except under the circumstances described in Section 2.1(b)(ii). A beneficial interest in a Global Security may not be
transferred to a Person who takes delivery thereof in the form of a Definitive Security except under the circumstances described in Section 2.1(b)(ii). In any case, beneficial interests in Global Securities shall be transferred or exchanged
only for Definitive Securities. 
 (d)    Transfer and Exchange of Definitive Securities for Beneficial Interests in
Global Securities. Transfers and exchanges of beneficial interests in the Global Securities also shall require compliance with either subparagraph (i), (ii) or (ii) below, as applicable: 

(i)    Transfer Restricted Definitive Securities to Beneficial Interests in Transfer Restricted Global
Securities. If any Holder of a Transfer Restricted Definitive Security proposes to exchange such Transfer Restricted Definitive Security for a beneficial interest in a Transfer Restricted Global Security or to transfer such Transfer Restricted
Definitive Security to a Person who takes delivery thereof in the form of a beneficial interest in a Transfer Restricted Global Security, then, upon receipt by the Registrar of the following documentation: 

(A)    if the Holder of such Transfer Restricted Definitive Security proposes to exchange such Transfer
Restricted Definitive Security for a beneficial interest in a Transfer Restricted Global Security, a certificate from such Holder in the form attached to the applicable Security; 

(B)    if such Transfer Restricted Definitive Security is being transferred to a QIB in accordance with
Rule 144A under the Securities Act, a certificate from such Holder in the form attached to the applicable Security; 

(C)    if such Transfer Restricted Definitive Security is being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904 under the Securities Act, a certificate from such Holder in the form attached to the applicable Security; 

(D)    if such Transfer Restricted Definitive Security is being transferred pursuant to an exemption from
the registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate from such Holder in the form attached to the applicable Security; 

(E)    if such Transfer Restricted Definitive Security is being transferred to an IAI in reliance on an
exemption from the registration 







 
requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate from such Holder in the form attached to the applicable Security, including
the certifications, certificates and Opinion of Counsel, if applicable, and a Transferee Letter of Representation in the form of Exhibit B; or 

(F)    if such Transfer Restricted Definitive Security is being transferred to the Issuers or a Subsidiary
thereof, a certificate from such Holder in the form attached to the applicable Security; 
 the Trustee shall cancel the Transfer Restricted
Definitive Security, and increase or cause to be increased the aggregate principal amount of the appropriate Transfer Restricted Global Security. 

(ii)    Transfer Restricted Definitive Securities to Beneficial Interests in Unrestricted Global
Securities. A Holder of a Transfer Definitive Restricted Security may exchange such Transfer Restricted Definitive Security for a beneficial interest in an Unrestricted Global Security or transfer such Transfer Restricted Definitive Security to
a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security only if the Registrar receives the following: 

(A)    if the Holder of such Transfer Restricted Definitive Security proposes to exchange such Transfer
Restricted Definitive Security for a beneficial interest in an Unrestricted Global Security, a certificate from such Holder in the form attached to the applicable Security; or 

(B)    if the Holder of such Transfer Restricted Definitive Securities proposes to transfer such Transfer
Restricted Definitive Security to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, a certificate from such Holder in the form attached to the applicable Security, 

and, in each such case, if the Company or the Registrar so requests or if the applicable rules and procedures of the Depository so require, an
Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted Securities Legend
are no longer required in order to maintain compliance with the Securities Act. Upon satisfaction of the conditions of this subparagraph (ii), the Trustee shall cancel the Transfer Restricted Definitive Securities and increase or cause to be
increased the aggregate principal amount of the Unrestricted Global Security. If any such transfer or exchange is effected pursuant to this subparagraph (ii) at a time when an Unrestricted Global Security has not yet been issued, the Company
shall issue and, upon receipt of an written order of the Company in the form of an Officer’s Certificate, the Trustee shall authenticate one or more Unrestricted 







 
Global Securities in an aggregate principal amount equal to the aggregate principal amount of Transfer Restricted Definitive Securities transferred or exchanged pursuant to this subparagraph
(ii). 
 (iii)    Unrestricted Definitive Securities to Beneficial Interests in Unrestricted Global
Securities. A Holder of an Unrestricted Definitive Security may exchange such Unrestricted Definitive Security for a beneficial interest in an Unrestricted Global Security or transfer such Unrestricted Definitive Security to a Person who takes
delivery thereof in the form of a beneficial interest in an Unrestricted Global Security at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Security and increase
or cause to be increased the aggregate principal amount of one of the Unrestricted Global Securities. If any such transfer or exchange is effected pursuant to this subparagraph (iii) at a time when an Unrestricted Global Security has not yet
been issued, the Issuers shall issue and, upon receipt of an written order of the Company in the form of an Officer’s Certificate, the Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate principal amount equal
to the aggregate principal amount of Unrestricted Definitive Securities transferred or exchanged pursuant to this subparagraph (iii). 

(iv)    Unrestricted Definitive Securities to Beneficial Interests in Transfer Restricted Global
Securities. An Unrestricted Definitive Security cannot be exchanged for, or transferred to a Person who takes delivery thereof in the form of, a beneficial interest in a Transfer Restricted Global Security. 

(e)    Transfer and Exchange of Definitive Securities for Definitive Securities. Upon request by a Holder of
Definitive Securities and such Holder’s compliance with the provisions of this Section 2.2(e), the Registrar shall register the transfer or exchange of Definitive Securities. Prior to such registration of transfer or exchange, the
requesting Holder shall present or surrender to the Registrar the Definitive Securities duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly
authorized in writing. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.2(e). 

(i)    Transfer Restricted Definitive Securities to Transfer Restricted Definitive Securities. A
Transfer Restricted Definitive Security may be transferred to and registered in the name of a Person who takes delivery thereof in the form of a Transfer Restricted Definitive Security if the Registrar receives the following: 

(A)    if the transfer will be made pursuant to Rule 144A under the Securities Act, then the transferor
must deliver a certificate in the form attached to the applicable Security; 







 (B)    if the transfer will be made pursuant to Rule 903 or
Rule 904 under the Securities Act, then the transferor must deliver a certificate in the form attached to the applicable Security; 

(C)    if the transfer will be made pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144 under the Securities Act, a certificate in the form attached to the applicable Security; 

(D)    if the transfer will be made to an IAI in reliance on an exemption from the registration
requirements of the Securities Act other than those listed in subparagraphs (A) through (C) above, a certificate in the form attached to the applicable Security and a Transferee Letter of Representation in the form of Exhibit B; and 

(E)    if such transfer will be made to the Issuers or a Subsidiary thereof, a certificate in the form
attached to the applicable Security. 
 (ii)    Transfer Restricted Definitive Securities to
Unrestricted Definitive Securities. Any Transfer Restricted Definitive Security may be exchanged by the Holder thereof for an Unrestricted Definitive Security or transferred to a Person who takes delivery thereof in the form of an Unrestricted
Definitive Security if the Registrar receives the following: 
 (1)    if the Holder of such Transfer
Restricted Definitive Security proposes to exchange such Transfer Restricted Definitive Security for an Unrestricted Definitive Security, a certificate from such Holder in the form attached to the applicable Security; or 

(2)    if the Holder of such Transfer Restricted Definitive Security proposes to transfer such Securities
to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Security, a certificate from such Holder in the form attached to the applicable Security, 

and, in each such case, if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that
such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Restricted Securities Legend are no longer required in order to maintain compliance with the Securities Act. 

(iii)    Unrestricted Definitive Securities to Unrestricted Definitive Securities. A Holder of an
Unrestricted Definitive Security may transfer such Unrestricted Definitive Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security at any time. Upon receipt of a request to register such a transfer, the
Registrar shall register the Unrestricted Definitive Securities pursuant to the instructions from the Holder thereof. 







 (iv)    Unrestricted Definitive Securities to Transfer
Restricted Definitive Securities. An Unrestricted Definitive Security cannot be exchanged for, or transferred to a Person who takes delivery thereof in the form of, a Transfer Restricted Definitive Security. 

At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global
Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be retained and canceled by the Trustee in accordance with Section 2.11. At any time prior to such cancellation, if any beneficial
interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by
such Global Security shall be reduced accordingly and an endorsement shall be made on the Schedule of Increases or Decreases in such Global Security by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and
if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security shall be increased accordingly and an endorsement
shall be made on such Global Security by the Trustee or by the Depository at the direction of the Trustee to reflect such increase. 

(f)    [Reserved.] 

(g)    Legend. 

(i)    Except as permitted by the following paragraph (ii), (iii) or (iv), each Security certificate
evidencing the Global Securities and the Definitive Securities (and all Securities issued in exchange therefor or in substitution thereof), in the case of Securities offered otherwise than in reliance on Regulation S, shall bear a legend in
substantially the following form (each defined term in the legend being defined as such for purposes of the legend only): 
 “THIS NOTE
(OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE
144A THEREUNDER. 
 THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUERS THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR
OTHERWISE TRANSFERRED, ONLY (I) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A 







 
UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES
ACT, (III) TO EITHER OF THE ISSUERS OR ANY OF THEIR SUBSIDIARIES, (IV) TO AN “INSTITUTIONAL ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE SECURITIES ACT) THAT, PRIOR TO
SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE
PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUERS THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (V) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE
144 THEREUNDER (IF AVAILABLE) OR (VI) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (VI), IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND
(B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE.” 

Each certificate evidencing a Security offered in reliance on Regulation S shall, in lieu of the foregoing, bear a legend in substantially the
following form: 
 “THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT.” 

Each Definitive Security shall bear the following additional legend: 

“IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE ISSUERS AND THE REGISTRAR SUCH CERTIFICATES AND OTHER INFORMATION AS THEY
MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 







 (ii)    Upon any sale or transfer of a Transfer Restricted
Definitive Security, the Registrar shall permit the Holder thereof to exchange such Transfer Restricted Definitive Security for a Definitive Security that does not bear the legends set forth above and rescind any restriction on the transfer of such
Transfer Restricted Definitive Security if the Holder certifies in writing to the Registrar that its request for such exchange was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Security). 

(iii)    Upon a sale or transfer after the expiration of the Restricted Period of any Security acquired
pursuant to Regulation S, all requirements that such Security bear the Restricted Securities Legend shall cease to apply and the requirements requiring any such Security be issued in global form shall continue to apply. 

(iv)    Any Additional Securities sold in a registered offering shall not be required to bear the
Restricted Securities Legend. 
 (h)    Cancellation or Adjustment of Global Security. At such time as all
beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or canceled in whole and not in part, each such Global Security shall be returned to or
retained and canceled by the Trustee in accordance with Section 2.11 of this Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery
thereof in the form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement shall be made on such Global
Security by the Trustee or by the Depository at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial
interest in another Global Security, such other Global Security shall be increased accordingly and an endorsement shall be made on such Global Security by the Trustee or by the Depository at the direction of the Trustee to reflect such increase.

 (i)    Obligations with Respect to Transfers and Exchanges of Securities. 

(i)    To permit registrations of transfers and exchanges, the Issuers shall execute and the Trustee shall
authenticate, Definitive Securities and Global Securities at the Registrar’s request. 
 (ii)    No
service charge shall be made for any registration of transfer or exchange, but the Issuers may require payment of a sum sufficient to cover any transfer tax, assessments, or similar governmental charge payable in connection therewith (other than any
such transfer taxes, assessments or similar governmental charge payable upon exchanges pursuant to Sections 3.06, 4.06, 4.08 and 9.05 of this Indenture). 







 (iii)    Prior to the due presentation for registration of
transfer of any Security, the Issuers, the Trustee, a Paying Agent or the Registrar may deem and treat the person in whose name a Security is registered as the absolute owner of such Security for the purpose of receiving payment of principal of and
interest on such Security and for all other purposes whatsoever, whether or not such Security is overdue, and none of the Issuers, the Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 

(iv)    All Securities issued upon any transfer or exchange pursuant to the terms of this Indenture shall
evidence the same debt and shall be entitled to the same benefits under this Indenture as the Securities surrendered upon such transfer or exchange. 

(j)    No Obligation of the Trustee. 

(i)    The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Security,
a member of, or a participant in the Depository or any other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member thereof, with respect to any ownership interest in the Securities or
with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption or repurchase) or the payment of any amount, under or with respect to such
Securities. Neither the Trustee nor any Agent shall have responsibility for any actions taken or not taken by the Depositary.All notices and communications to be given to the Holders and all payments to be made to the Holders under the Securities
shall be given or made only to the registered Holders (which shall be the Depository or its nominee in the case of a Global Security). The rights of beneficial owners in any Global Security shall be exercised only through the Depository subject to
the applicable rules and procedures of the Depository. The Trustee may rely and shall be fully protected in relying upon information furnished by the Depository with respect to its members, participants and any beneficial owners. 

(ii)    The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with
any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Depository participants, members or beneficial owners in any
Global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof. 







 EXHIBIT A 

[FORM OF FACE OF SECURITY] 

[Global Securities Legend] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR 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. 
 TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED
TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS
SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 [Restricted Securities Legend for Securities Offered 

Otherwise than in Reliance on Regulation S] 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE
SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUERS THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED, ONLY (I) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A,
(II) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES 

  
 A-1 








 
ACT, (III) TO EITHER OF THE ISSUERS OR ANY OF THEIR SUBSIDIARIES, (IV) TO AN “INSTITUTIONAL ACCREDITED INVESTOR” (AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF
REGULATION D UNDER THE SECURITIES ACT) THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE)
AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUERS THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (V) PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (VI) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (VI), IN ACCORDANCE WITH ANY APPLICABLE
SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 

[Restricted Securities Legend for Securities Offered in Reliance on Regulation S] 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. 

[Definitive Securities Legend] 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE ISSUERS SUCH CERTIFICATES AND OTHER INFORMATION AS THEY MAY REASONABLY REQUIRE
TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

  
 A-2 








 [FORM OF SECURITY] 
  

					
	No.                     	 		 	$            
			
		 	 4.875% Senior Note due

2025
	 	
		 		 	CUSIP No.
		 		 	ISIN No.

 RBS GLOBAL, INC., a Delaware corporation (“RBS Global”), and REXNORD LLC, a Delaware limited
liability company (“Rexnord” and, together with RBS Global, the “Issuers”) jointly and severally, promise to pay to Cede & Co., or registered assigns, the principal sum [of Dollars] [listed on the Schedule
of Increases or Decreases in Global Security attached hereto]1 on December 15, 2025. 

Interest Payment Dates: June 15 and December 15 

Record Dates: June 1 and December 1 

Additional provisions of this Security are set forth on the other side of this Security. 

 
  

	1 	Use the Schedule of Increases and Decreases language if Security is in Global Form. 


  
 A-3 








 IN WITNESS WHEREOF, the parties have caused this instrument to be duly executed. 

 

			
	RBS GLOBAL, INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	REXNORD LLC
		
	By:	 	  

		 	Name:
		 	Title:


 Dated:
                     

  
 A-4 









			
	 TRUSTEE’S CERTIFICATE OF AUTHENTICATION

	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

    as Trustee, certifies that this is one of the Securities referred to in the
Indenture.

		
	Dated:	 	  

		
	By:	 	  

		 	Authorized Signatory

  

	*/	If the Security is to be issued in global form, add the Global Securities Legend and the attachment from Exhibit A captioned “TO BE ATTACHED TO GLOBAL SECURITIES - SCHEDULE OF INCREASES OR DECREASES IN GLOBAL
SECURITY”. 


  
 A-5 








 [FORM OF REVERSE SIDE OF SECURITY] 

4.875% Senior Note due 2025 

1.    Interest.  

RBS GLOBAL, INC., a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being
herein called “RBS Global”) and REXNORD LLC, a Delaware limited liability company (such company, and its successors and assigns under the Indenture hereinafter referred to, being herein called “Rexnord” and,
together with RBS Global, the “Issuers”) jointly and severally, promise to pay interest on the principal amount of this Security at the rate per annum shown above. The Issuers shall pay interest semiannually on June 15 and
December 15 of each year, commencing June 15, 2018. Interest on the Securities shall accrue from the most recent date to which interest has been paid or duly provided for or, if no interest has been paid or duly provided for, from
December 7, 2017 until the principal hereof is due. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. The Issuers shall pay
interest on overdue principal at the rate borne by the Securities, and it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 

2.    Method of Payment 

The Issuers shall pay interest on the Securities (except defaulted interest) to the Persons who are registered Holders at the close of business
on the June 1 or December 1 next preceding the interest payment date even if Securities are canceled after the record date and on or before the interest payment date (whether or not a Business Day). Holders must surrender Securities to the
Paying Agent to collect principal payments. The Issuers shall pay principal, premium, if any, and interest in money of the United States of America that at the time of payment is legal tender for payment of public and private debts. Payments in
respect of the Securities represented by a Global Security (including principal, premium, if any, and interest) shall be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust Company or any successor
depositary. The Issuers shall make all payments in respect of a certificated Security (including principal, premium, if any, and interest) at the office of the Paying Agent, except that, at the option of the Issuers, payment of interest may be made
by mailing a check to the registered address of each Holder thereof; provided, however, that payments on the Securities may also be made, in the case of a Holder of at least $1,000,000 aggregate principal amount of Securities, by wire
transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or Paying Agent to such effect designating such account no later than
30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 

  
 A-6 








 3.    Paying Agent and Registrar 

Initially, Wells Fargo Bank, National Association, a national banking association (the “Trustee”), will act as Paying Agent
and Registrar. The Issuers may appoint and change any Paying Agent or Registrar without notice. The Issuers or any of their domestically incorporated Wholly Owned Subsidiaries may act as Paying Agent or Registrar. 

4.    Indenture 
 The
Issuers issued the Securities under an Indenture dated as of December 7, 2017 (the “Indenture”), among the Issuers, the Guarantors named therein and the Trustee. The terms of the Securities include those stated in the Indenture
and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the “TIA”). Terms defined in the Indenture and not defined herein
have the meanings ascribed thereto in the Indenture. The Securities are subject to all terms and provisions of the Indenture, and the Holders (as defined in the Indenture) are referred to the Indenture and the TIA for a statement of such terms and
provisions 
 The Securities are senior unsecured obligations of the Issuers. This Security is one of the Original Securities referred to in
the Indenture. The Securities include the Original Securities and any Additional Securities (together with the Original Securities, the “Securities”) issued pursuant to the Indenture. The Indenture imposes certain limitations on the
ability of RBS Global and its Restricted Subsidiaries to, among other things, make certain Investments and other Restricted Payments, pay dividends and other distributions, incur Indebtedness, enter into consensual restrictions upon the payment of
certain dividends and distributions by such Restricted Subsidiaries, issue or sell shares of capital stock of RBS Global and such Restricted Subsidiaries, enter into or permit certain transactions with Affiliates, create or incur Liens and make
Asset Sales. The Indenture also imposes limitations on the ability of the Issuers and each Guarantor to consolidate or merge with or into any other Person or convey, transfer or lease all or substantially all of their property. 

To guarantee the due and punctual payment of the principal and interest on the Securities and all other amounts payable by the Issuers under
the Indenture and the Securities when and as the same shall be due and payable, whether at maturity, by acceleration or otherwise, according to the terms of the Securities and the Indenture, the Guarantors have, jointly and severally,
unconditionally guaranteed the Guaranteed Obligations on a senior unsecured basis pursuant to the terms of the Indenture. In addition, on the Issue Date, Rexnord Corporation, a Delaware corporation, has executed and delivered a Guarantee of
Securities in the form of Exhibit D to the Indenture, which guarantee, among other things, provides that it shall terminate upon written notice from Rexnord Corporation to the Issuers, the Guarantors, the Trustee and the Holders of the Securities at
any time. 

  
 A-7 








 5.    Optional Redemption 

Except as set forth in the following two paragraphs, the Securities shall not be redeemable at the option of the Issuers prior to
December 15, 2020. Thereafter, the Securities shall be redeemable at the option of the Issuers, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice made by first-class mail to each
holder’s registered address, at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, to the redemption date (subject to the right of the Holders of record on the relevant record date
to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing on December 15 of the years set forth below: 

 

					
	 Year
	  	Redemption
Price	 
	 2020
	  	 	102.438	% 
	 2021
	  	 	101.219	% 
	 2022 and thereafter
	  	 	100.00	% 

 In addition, prior to December 15, 2020, the Issuers may redeem the Securities at their option, in whole
at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail (or sent pursuant to applicable depository procedures with respect to global notes) to each Holder’s registered
address, at a redemption price equal to 100% of the principal amount of the Securities redeemed plus the Applicable Premium as of, and accrued and unpaid interest, to, the applicable redemption date (subject to the right of the Holders of record on
the relevant record date to receive interest due on the relevant interest payment date). 
 Notwithstanding the foregoing, at any time and
from time to time on or prior to December 15, 2020, the Issuers may redeem in the aggregate up to 40% of the original aggregate principal amount of the Securities (calculated after giving effect to any issuance of Additional Securities), with
the net cash proceeds of one or more Equity Offerings (1) by the Issuers or (2) by any direct or indirect parent of the Issuers, in each case, to the extent the net cash proceeds thereof are contributed to the common equity capital of the
Issuers or used to purchase Capital Stock (other than Disqualified Stock) of the Issuers from it, at a redemption price equal to 104.875% of the principal amount thereof plus accrued and unpaid interest, to the redemption date (subject to the right
of the Holders of record on the relevant record date to receive interest due on the relevant interest payment date); provided, however, that at least 60% of the original aggregate principal amount of the Securities (calculated after
giving effect to any issuance of Additional Securities) must remain outstanding after each such redemption; and provided further that such redemption shall occur within 90 days after the date on which any such Equity Offering is consummated
upon not less than 30 nor more than 60 days’ notice mailed or sent to each Holder of Securities being redeemed and otherwise in accordance with the procedures set forth in the Indenture. 

Notice of any redemption upon any Equity Offering may be given prior to the completion thereof. 

  
 A-8 








 Any such redemption or notice may, at the Issuers’ discretion, be subject to one or more
conditions precedent, including, but not limited to, completion of an Equity Offering or financing. The Issuers shall provide written notice to the Trustee prior to the close of business two Business Days prior to the redemption date (or such
shorter period as may be acceptable to the Trustee) if any such redemption has been rescinded or delayed and upon receipt the Trustee shall provide such notice to each Holder of the Securities in the same manner in which the notice of redemption was
given. 
 6.    Sinking Fund 

The Securities are not subject to any sinking fund. 

7.    Notice of Redemption 

Notice of redemption will be mailed by first-class mail (or sent pursuant to applicable depository procedures with respect to global notes) at
least 30 days but not more than 60 days before the redemption date to each Holder of Securities to be redeemed at his, her or its registered address. Securities in denominations larger than $2,000 may be redeemed in part but only in whole multiples
of $1,000. If money sufficient to pay the redemption price of and accrued and unpaid interest on all Securities (or portions thereof) to be redeemed on the redemption date is deposited with a Paying Agent on or before the redemption date and certain
other conditions are satisfied, on and after such date, interest ceases to accrue on such Securities (or such portions thereof) called for redemption. 

8.    Repurchase of Securities at the Option of the Holders upon Change of Control and Asset Sales 

Upon the occurrence of a Change of Control, each Holder shall have the right, subject to certain conditions specified in the Indenture, to
cause the Issuers to repurchase all or any part of such Holder’s Securities at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of repurchase (subject to the right of
the Holders of record on the relevant record date to receive interest due on the relevant interest payment date), as provided in, and subject to the terms of, the Indenture. 

In accordance with Section 4.06 of the Indenture, the Issuers will be required to offer to purchase Securities upon the occurrence of
certain Asset Sale events. 
 9.    [Reserved] 

10.    Denominations; Transfer; Exchange 

The Securities are in registered form, without coupons, in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A
Holder shall register the transfer of or exchange of Securities in accordance with the Indenture. Upon any registration of transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements or transfer documents and to 

  
 A-9 








 
pay any taxes required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Securities selected for redemption (except, in the case of a Security
to be redeemed in part, the portion of the Security not to be redeemed) or to transfer or exchange any Securities for a period of 15 days prior to a selection of Securities to be redeemed. 

11.    Persons Deemed Owners 

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

12.    Unclaimed Money 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee and a Paying Agent shall pay the money back to
the Issuers at their written request unless an abandoned property law designates another Person. After any such payment, the Holders entitled to the money must look to the Issuers for payment as general creditors and the Trustee and a Paying Agent
shall have no further liability with respect to such monies. 
 13.    Discharge and Defeasance 

Subject to certain conditions, the Issuers at any time may terminate some of or all their obligations under the Securities and the Indenture if
the Issuers deposit with the Trustee money or U.S. Government Obligations for the payment of principal and interest on the Securities to redemption or maturity, as the case may be. 

14.    Amendment; Waiver 

Subject to certain exceptions set forth in the Indenture, (i) the Indenture or the Securities may be amended with the written consent of
the Holders of at least a majority in aggregate principal amount of the outstanding Securities (voting as a single class) and (ii) any past default or compliance with any provisions may be waived with the written consent of the Holders of at
least a majority in principal amount of the outstanding Securities. Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Issuers and the Trustee may amend the Indenture or the Securities (i) to cure
any ambiguity, omission, defect or inconsistency; (ii) to provide for the assumption by a Successor Company of the obligations of the Issuers under the Indenture and the Securities; (iii) to provide for the assumption by a Successor
Guarantor of the obligations of a Guarantor under the Indenture and its Guarantee; (iv) to provide for uncertificated Securities in addition to or in place of certificated Securities (provided that the uncertificated Securities are
issued in registered form for purposes of Section 163(f) of the Code, or in a manner such that the uncertificated Securities are described in Section 163(f)(2)(B) of the Code); (v) to add Guarantees with respect to the Securities;
(vi) to add additional covenants of the Issuers for the benefit of the Holders or to surrender rights and powers conferred on the Issuers; (vii) to comply with the requirements of the SEC in order to effect or maintain the qualification of
the Indenture under the TIA; (viii) to make any change that does not adversely affect the rights of any Holder; (ix) to provide for the 

  
 A-10 








 
issuance of Additional Securities or (x) to conform the text of the Indenture, the Guarantees or the Securities to any provisions of the “Description of Notes” section of the
Offering Circular. 
 15.    Defaults and Remedies 

If an Event of Default occurs (other than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the
Issuers) and is continuing, the Trustee or the Holders of at least 25% in principal amount of the outstanding Securities, in each case, by notice to the Issuers, may declare the principal of, premium, if any, and accrued but unpaid interest on all
the Securities to be due and payable. If an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Issuers occurs, the principal of, premium, if any, and interest on all the Securities shall become immediately
due and payable without any declaration or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in principal amount of the outstanding Securities may rescind any such acceleration with respect
to the Securities and its consequences. 
 If an Event of Default occurs and is continuing, the Trustee shall be under no obligation to
exercise any of the rights or powers under the Indenture at the request or direction of any of the Holders unless such Holders have offered to the Trustee reasonable indemnity or security satisfactory to it against any loss, liability or expense and
certain other conditions are complied with. Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no Holder may pursue any remedy with respect to the Indenture or the Securities unless (i) such
Holder has previously given the Trustee notice that an Event of Default is continuing, (ii) the Holders of at least 25% in principal amount of the outstanding Securities have requested the Trustee in writing to pursue the remedy,
(iii) such Holders have offered the Trustee reasonable security or indemnity against any loss, liability or expense, (iv) the Trustee has not complied with such request within 60 days after the receipt of the request and the offer of
security or indemnity and (v) the Holders of a majority in principal amount of the outstanding Securities have not given the Trustee a direction inconsistent with such request within such 60-day period.
Subject to certain restrictions, the Holders of a majority in principal amount of the outstanding Securities are given the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of
exercising any trust or power conferred on the Trustee. The Trustee, however, may refuse to follow any direction that conflicts with law or the Indenture or that the Trustee determines is unduly prejudicial to the rights of any other Holder or that
would involve the Trustee in personal liability. Prior to taking any action under the Indenture, the Trustee shall be entitled to indemnification satisfactory to it in its sole discretion against all losses and expenses caused by taking or not
taking such action. 
 16.    Trustee Dealings with the Issuers 

Subject to certain limitations imposed by the TIA, the Trustee under the Indenture, in its individual or any other capacity, may become the
owner or pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Issuers or their Affiliates and may otherwise deal with the Issuers or their Affiliates with the same rights it would have if it were not Trustee.


  
 A-11 








 17.    No Recourse Against Others 

No director, officer, employee, incorporator or holder of any equity interests in the Issuers or of any Guarantor or any direct or indirect
parent corporation, as such, shall have any liability for any obligations of the Issuers or the Guarantors under the Securities, the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder
of Securities by accepting a Security waives and releases all such liability. 
 18.    Authentication 

This Security shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Security. 
 19.    Abbreviations 

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 

20.    Governing Law 

THIS SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF
CONFLICTS OF LAW. 
 21.    CUSIP Numbers; ISINs 

The Issuers have caused CUSIP numbers and ISINs to be printed on the Securities and have directed the Trustee to use CUSIP numbers and ISINs in
notices (including notices of redemption) as a convenience to the Holders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as contained in any notice or notice of redemption and reliance may be
placed only on the other identification numbers placed thereon. 
 The Issuers will furnish to any Holder of Securities upon written
request and without charge to the Holder a copy of the Indenture which has in it the text of this Security. 

  
 A-12 








 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 
 I or we
assign and transfer this Security to: 
 (Print or type assignee’s name, address and zip code) 

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

and irrevocably appoint agent to transfer this Security on the books of the Issuers. The agent may substitute another to act for him. 

Date: Your Signature: 
 Sign exactly as your name appears on the
other side of this Security. 
 Signature Guarantee: 
  

			
	Date:	  	
	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor program reasonably acceptable to the Trustee	  	Signature of Signature Guarantee


  
 A-13 








 CERTIFICATE TO BE DELIVERED UPON 

REGISTRATION OF TRANSFER RESTRICTED SECURITIES 

Wells Fargo Corporate Trust-DAPS Reorg 
 600 Fourth Street South,
7th Floor 
 MAC N9300-070 

Minneapolis, MN 55415 
 Phone: 1-800-344-5128 
 Fax: 1-866-969-1290 
 Email: dapsreorg@wellsfargo.com 

This certificate relates to $ principal amount of Securities held in (check applicable space) book-entry or definitive form by the undersigned. 

The undersigned (check one box below): 
  

			
	☐	  	has requested the Trustee by written order to deliver in exchange for its beneficial interest in the Global Security held by the Depository a Security or Securities in definitive, registered form of authorized denominations and an
aggregate principal amount equal to its beneficial interest in such Global Security (or the portion thereof indicated above);
		
	☐	  	has requested the Trustee by written order to exchange or register the transfer of a Security or Securities.

 In connection with any transfer of any of the Securities evidenced by this certificate occurring prior to the expiration of
the period referred to in Rule 144(d)(1) under the Securities Act, the undersigned confirms that such Securities are being transferred in accordance with its terms: 
  

					
	CHECK ONE BOX BELOW
			
	(1)	  	☐	  	to the Issuers or a Subsidiary thereof; or
			
	(2)	  	☐	  	to the Registrar for registration in the name of the Holder, without transfer; or
			
	(3)	  	☐	  	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own account or for the account of a qualified institutional buyer to whom
notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or
			
	(4)	  	☐	  	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933 and such Security shall be held immediately after the
transfer through Euroclear or Clearstream until the expiration of the Restricted Period (as defined in the Indenture); or


  
 A-14 









					
	(5)	  	☐	  	to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933) that has furnished to the Trustee a signed letter containing certain representations and
agreements and, if applicable, an Opinion of Counsel; or
			
	(6)	  	☐	  	pursuant to another available exemption from registration provided by Rule 144 under the Securities Act of 1933.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Securities evidenced by
this certificate in the name of any Person other than the registered Holder thereof; provided, however, that if box (4), (5) or (6) is checked, the Issuers or the Trustee may require, prior to registering any such transfer of the
Securities, such legal opinions, certifications and other information as the Issuers or the Trustee have reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933. 
 Date: Your Signature: 

Signature Guarantee: 
  

			
	Date:	  	
	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor program reasonably acceptable to the Trustee	  	Signature of Signature Guarantee


  
 A-15 








 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Security for its own account or an account with respect to which it
exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance
on Rule 144A and acknowledges that it has received such information regarding the Issuers as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying
upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
 Dated:
                     
 NOTICE: To be
executed by an executive officer 

  
 A-16 








 [TO BE ATTACHED TO GLOBAL SECURITIES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The initial principal amount of this Global Security is $        . The following increases or
decreases in this Global Security have been made: 
  

									
	 Date of Exchange
	 	 Amount of

decrease in

Principal Amount
 of
this Global
 Security
	 	 Amount of

increase in

Principal Amount
 of
this Global
 Security
	 	 Principal amount

of this Global

Security
 following
such
 decrease or

increase
	 	 Signature of

authorized
 signatory
of
 Trustee or

Securities

Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	


  
 A-17 








 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Security purchased by the Issuers pursuant to Section 4.06 (Asset Sale) or 4.08 (Change of Control)
of the Indenture, check the box: 
  

			
	Asset Sale  ☐	 	Change of Control  ☐

 If you want to elect to have only part of this Security purchased by the Issuers pursuant to
Section 4.06 (Asset Sale) or 4.08 (Change of Control) of the Indenture, state the amount ($2,000 or any integral multiple of $1,000 in excess thereof): 

$             

Date: Your Signature: 
 (Sign exactly as
your name 
 appears on the other side of 

this Security) 
 Signature Guarantee:

 Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor
program reasonably acceptable to the Trustee 

  
 A-18 








 EXHIBIT B 

[FORM OF 
 TRANSFEREE LETTER OF
REPRESENTATION] 
 RBS Global, Inc. 
 Rexnord LLC 

4701 West Greenfield Avenue 
 Milwaukee, Wisconsin 53214 

Attention of: General Counsel 
 Facsimile: (513) 826-6690 
 Wells Fargo Corporate Trust-DAPS Reorg 

600 Fourth Street South, 7th Floor 
 MAC N9300-070 
 Minneapolis, MN 55415 

Phone: 1-800-344-5128 

Fax: 1-866-969-1290 

Email: dapsreorg@wellsfargo.com 
 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of $[        ] principal amount of the 4.875%
Senior Notes due 2025 (the “Securities”) of RBS GLOBAL, INC. and REXNORD LLC (together, the “Issuers”). 

Upon transfer, the Securities would be registered in the name of the new beneficial owner as follows: 

Name:                      

Address:                      

Taxpayer ID Number:                      

The undersigned represents and warrants to you that: 

1.    We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under
the Securities Act of 1933, as amended (the “Securities Act”)), purchasing for our own account or for the account of such an institutional “accredited investor” at least $100,000 principal amount of the Securities, and we
are acquiring the Securities not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the
merits and risks of our investment in the Securities, and we invest in or purchase securities similar to the Securities in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of
our or its investment. 

  
 B-1 








 2.    We understand that the Securities have not been registered under the
Securities Act and, unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Securities to offer, sell or otherwise transfer
such Securities prior to the date that is two years after the later of the date of original issue and the last date on which either the Issuers or any affiliate of such Issuer was the owner of such Securities (or any predecessor thereto) (the
“Resale Restriction Termination Date”) only (a) in the United States to a person whom we reasonably believe is a qualified institutional buyer (as defined in rule 144A under the Securities Act) in a transaction meeting the
requirements of Rule 144A, (b) outside the United States in an offshore transaction in accordance with Rule 904 of Regulation S under the Securities Act, (c) pursuant to an exemption from registration under the Securities Act provided by
Rule 144 thereunder (if available), (d) pursuant to an effective registration statement under the Securities Act, (e) to either of the Issuers or any of their Subsidiaries, or (f) to an institutional “accredited investor” (as
defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act), provided, that if such transfer is in respect of an aggregate principal amount of Securities less than $250,000, such transferee shall prior to the transfer
furnish an Opinion of Counsel acceptable to the Issuers and the Trustee that such transfer is in compliance with the Securities Act, in each of cases (a) through (f) in accordance with any applicable securities laws of any state of the United
States. In addition, we will, and each subsequent holder is required to, notify any purchaser of the Security evidenced hereby of the resale restrictions set forth above. The foregoing restrictions on resale will not apply subsequent to the Resale
Restriction Termination Date. If any resale or other transfer of the Securities is proposed to be made pursuant to (f) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee
substantially in the form of this letter to the Issuers and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or
(7) under the Securities Act and that it is acquiring such Securities for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Issuers and the Trustee reserve the right prior to
the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Securities pursuant to 1(b), 1(c) or 1(f) above to require the delivery of an Opinion of Counsel, certifications or other information satisfactory to the
Issuers and the Trustee. 
 Dated:                     

 TRANSFEREE:     , 

By: 

  
 B-2 








 Signature Guarantee:
                     
  

			
	Date:                     	  	
		
	Signature must be guaranteed by a participant in a recognized signature guaranty medallion program or other signature guarantor program reasonably acceptable to the Trustee	  	Signature of Signature Guarantee


  
 B-3 








 EXHIBIT C 

[FORM OF SUPPLEMENTAL INDENTURE] 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of
[                    ], among [GUARANTOR] (the “New Guarantor”), a[n] [indirect] subsidiary of RBS GLOBAL, INC. (or its successor),
a Delaware corporation (the “Company”), the Company, REXNORD LLC, a Delaware limited liability company (“Rexnord” and, together with the Company, the “Issuers”) and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as trustee under the indenture referred to below (the “Trustee”). 
 W I T N E
S S E T H : 
 WHEREAS the Issuers and the existing Guarantors have heretofore executed and delivered to the Trustee an indenture (as
amended, supplemented or otherwise modified, the “Indenture”) dated as of December 7, 2017, providing for the issuance of the Issuers’ 4.875% Senior Notes due 2025 (the “Securities”), initially in the
aggregate principal amount of $500,000,000; 
 WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the
Issuers are required to cause the New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which the New Guarantor shall unconditionally guarantee all the Issuers’ Obligations under the Securities and the
Indenture pursuant to a Guarantee on the terms and conditions set forth herein; and 
 WHEREAS, pursuant to Section 9.01 of the
Indenture, the Trustee, the Issuers and the New Guarantor are authorized to execute and deliver this Supplemental Indenture. 
 NOW
THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the New Guarantor, the Issuers and the Trustee mutually covenant and agree for the equal and ratable benefit of
the holders of the Securities as follows: 
 1.    Defined Terms. As used in this Supplemental Indenture, terms
defined in the Indenture or in the preamble or recital hereto are used herein as therein defined, except that the term “Holders” in this Guarantee shall refer to the term “Holders” as defined in the Indenture and
the Trustee acting on behalf of and for the benefit of such Holders. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture
as a whole and not to any particular section hereof. 
 2.    Agreement to Guarantee. The New Guarantor hereby
agrees, jointly and severally with all existing Guarantors (if any), to unconditionally guarantee the Issuers’ Obligations under the Securities and the Indenture on the terms and subject to the conditions set forth in Article 11 of the
Indenture and to be bound by all other applicable provisions of the Indenture and the Securities and to perform all of the obligations and agreements of a Guarantor under the Indenture. 

  
 C-1 








 3.    Notices. All notices or other communications to the New
Guarantor shall be given as provided in Section 13.02 of the Indenture. 
 4.    Ratification of Indenture;
Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental
Indenture shall form a part of the Indenture for all purposes, and every holder of Securities heretofore or hereafter authenticated and delivered shall be bound hereby. 

5.    Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
 6.    Trustee Makes No
Representation. The Trustee makes no representation as to and shall not be responsible for the validity or sufficiency of this Supplemental Indenture or the Guarantees. All of the provisions contained in the Indenture in respect of the rights,
privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein. 

7.    Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this
Supplemental Indenture as to the parties hereto and may be used in lieu of the original Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all
purposes. 
 8.    Effect of Headings. The Section headings herein are for convenience of reference only and
shall not effect the construction thereof. 

  
 C-2 








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

			
	[NEW GUARANTOR]
		
	By:	 	
                     


		 	Name:
		 	Title:
	
	RBS GLOBAL, INC.
		
	By:	 	
                     


		 	Name:
		 	Title:
	
	REXNORD LLC
		
	By:	 	
                     


		 	Name:
		 	Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	
                     


		 	Name:
		 	Title:



  
 C-3 








 EXHIBIT D 

[FORM OF 
 REXNORD
CORPORATION PARENT GUARANTEE] 
 SECTION 1. The Guarantee. (a) Rexnord Corporation (the “Parent
Guarantor”) hereby guarantees RBS Global, Inc. and Rexnord LLC’s 4.875% Senior Notes due 2025 (the “Securities”) issued pursuant to the Indenture, dated as of December 7, 2017 (the
“Indenture”), by and among RBS Global, Inc., a Delaware corporation, and Rexnord LLC, a Delaware limited liability company, as issuers (the “Issuers”), the guarantors party thereto (the
“Guarantors”) and Wells Fargo Bank, National Association, as Trustee (the “Trustee”) on an unsecured senior basis, as a primary obligor and not merely as a surety, to each Holder and to the Trustee and its
successors and assigns (i) the full and punctual payment when due, whether at Stated Maturity, by acceleration, by redemption or otherwise, of all obligations of the Issuers under the Indenture (including obligations to the Trustee) and the
Securities, whether for payment of principal of, premium, if any, or interest on in respect of the Securities and all other monetary obligations of the Issuers under the Indenture and the Securities and (ii) the full and punctual performance
within applicable grace periods of all other obligations of the Issuers whether for fees, expenses, indemnification or otherwise (including, but not limited to, those under Section 7.07 of the Indenture) under the Indenture and the Securities
(all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). The Parent Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further
assent from the Parent Guarantor, and that the Parent Guarantor shall remain bound under this Guarantee notwithstanding any extension or renewal of any Guaranteed Obligation. For the avoidance of doubt, the Parent Guarantor shall not be subject to
or bound by the restrictive covenants of the Issuers or the Guarantors contained in sections [4.02, through 4.15 or 5.01] of the Indenture. Capitalized terms used but not defined herein shall have the meanings set forth in the Indenture. 

(b) The Parent Guarantor waives presentation to, demand of payment from and protest to the Issuers of any of the Guaranteed Obligations and
also waives notice of protest for nonpayment. The Parent Guarantor waives notice of any default under the Securities or the Guaranteed Obligations. The obligations of the Parent Guarantor hereunder shall not be affected by (i) the failure of
any Holder or the Trustee to assert any claim or demand or to enforce any right or remedy against the Issuers or any other Person under the Indenture, the Securities or any other agreement or otherwise; (ii) any extension or renewal of the
Indenture, the Securities or any other agreement; (iii) any rescission, waiver, amendment or modification of any of the terms or provisions of the Indenture, the Securities or any other agreement; (iv) the release of any security held by
any Holder or the Trustee for the Guaranteed Obligations or the Parent Guarantor; (v) the failure of any Holder or Trustee to exercise any right or remedy against any other guarantor of the Guaranteed Obligations; or (vi) any change in the
ownership of the Parent Guarantor, except as provided in Section 2 herein. 

  
 D-1 








 (c) The Parent Guarantor hereby waives any right to which it may be entitled to have its
obligations hereunder divided among the Guarantors, such that the Parent Guarantor’s obligations would be less than the full amount claimed. The Parent Guarantor hereby waives any right to which it may be entitled to have the assets of the
Issuers first be used and depleted as payment of the Issuers’ or the Parent Guarantor’s obligations hereunder prior to any amounts being claimed from or paid by the Parent Guarantor hereunder. The Parent Guarantor hereby waives any right
to which it may be entitled to require that the Issuers be sued prior to an action being initiated against the Parent Guarantor. 
 (d) The
Parent Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee
to any security held for payment of the Guaranteed Obligations. 
 (e) Except as expressly set forth in Sections 8.01(b) of the Indenture
and Section 2 herein, the obligations of the Parent Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise,
and shall not be subject to any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the
foregoing, the obligations of the Parent Guarantor herein shall not be discharged or impaired or otherwise affected by the failure of any Holder or the Trustee to assert any claim or demand or to enforce any remedy under the Indenture, the
Securities or any other agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the obligations, or by any other act or thing or omission or delay to do any other act or
thing which may or might in any manner or to any extent vary the risk of the Parent Guarantor or would otherwise operate as a discharge of the Parent Guarantor as a matter of law or equity. 

(f) Subject to Section 2 herein, the Parent Guarantor agrees that its Guarantee shall remain in full force and effect until payment in
full of all the Guaranteed Obligations. The Parent Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on
any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Issuers or otherwise. 

(g) In furtherance of the foregoing and not in limitation of any other right which any Holder or the Trustee has at law or in equity against
the Parent Guarantor by virtue hereof, upon the failure of the Issuers to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, or to
perform or comply with any other Guaranteed Obligation, the Parent Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders or the Trustee an amount equal to
the sum of (i) the unpaid principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by applicable law) and (iii) all other monetary
obligations of the Issuers to the Holders and the Trustee. 

  
 D-2 








 (h) The Parent Guarantor agrees that it shall not be entitled to any right of subrogation in
relation to the Holders in respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations. The Parent Guarantor further agrees that, as between it, on the one hand, and the Holders and the Trustee, on the
other hand, (i) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in Article 6 in the Indenture for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the Guaranteed Obligations guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article 6 of the Indenture, such Guaranteed Obligations
(whether or not due and payable) shall forthwith become due and payable by the Parent Guarantor for the purposes of this Section 1. 

(i) The Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the
Trustee or any Holder in enforcing any rights under this Section 1. 
 (j) Upon request of the Trustee, the Guarantor shall execute and
deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of the Indenture. 

(k) All notices and other communications to the Parent Guarantor shall be given as provided in Section 13.02 of the Indenture. 

SECTION 2. Termination. This Guarantee shall terminate and be of no further force or effect and the Parent Guarantor shall be deemed to
be released from all obligations under this Guarantee upon: 
 (i) the Issuers’ exercise of their defeasance options
under Article 8 of the Indenture, or if the Issuers’ obligations under the Indenture are discharged in accordance with the terms of the Indenture, or 

(ii) the Parent Guarantor’s delivery of written notice of such release to the Issuers, the Guarantors, the Trustee and the
Holders of the Securities. 
 SECTION 3. Successors and Assigns. This Guarantee shall be binding upon the Parent Guarantor and its
successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that
party in the Indenture and in the Securities shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of the Indenture. 

SECTION 4. No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or
privilege under this Guarantee shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and


  
 D-3 








 
benefits of the Trustee and the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Guarantee at law, in
equity, by statute or otherwise. 
 SECTION 5. Modification. No modification, amendment or waiver of any provision of this Guarantee,
nor the consent to any departure by the Parent Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and
for the purpose for which given. No notice to or demand on the Parent Guarantor in any case shall entitle the Parent Guarantor to any other or further notice or demand in the same, similar or other circumstances. 

SECTION 6. Non-Impairment. The failure to endorse the Parent Guarantee on any Security shall
not affect or impair the validity thereof. 
 SECTION 7. GOVERNING LAW; JURY TRIAL WAIVER. THIS PARENT GUARANTEE SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. THE PARENT GUARANTOR IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTEE. 
 [Signatures on Following
Pages] 

  
 D-4 








 IN WITNESS WHEREOF, Rexnord Corporation has caused this Parent Guarantee to be signed by a duly
authorized officer. 
 DATED: December 7, 2017 

 

			
	REXNORD CORPORATION
		
	By:	 	
                     


		 	Name:
		 	Title:



  
 D-5