EX-4.5



 Exhibit 4.5 

EXECUTION VERSION 
 FIFTH
SUPPLEMENTAL INDENTURE 
 THIS FIFTH SUPPLEMENTAL INDENTURE, dated as of October 28, 2014 (the “Fifth Supplemental
Indenture”), among INGERSOLL-RAND GLOBAL HOLDING COMPANY LIMITED, a company duly organized and existing under the laws of the State of Delaware (the “Issuer”), INGERSOLL-RAND COMPANY, a company duly organized and existing under the
laws of the State of New Jersey (the “Co-Obligor”), INGERSOLL-RAND PLC, a public limited company duly organized and existing under the laws of Ireland (“IR Parent”), INGERSOLL-RAND COMPANY LIMITED, a company duly organized and
existing under the laws of Bermuda (“IR Limited”), INGERSOLL-RAND INTERNATIONAL HOLDING LIMITED, a company duly organized and existing under the laws of Bermuda (“IR International” and, together with IR Parent and IR Limited, the
“Guarantors”), INGERSOLL-RAND LUXEMBOURG FINANCE S.A., a Luxembourg public company limited by shares (société anonyme) (the “New Guarantor”), and THE BANK OF NEW YORK MELLON, a banking corporation duly
organized and existing under the laws of the State of New York, acting as Trustee under the Indenture, as defined herein (the “Trustee”) 

RECITALS: 
 WHEREAS, the Issuer,
the Co-Obligor, the Guarantors and the Trustee are parties to that certain Indenture, dated as of June 20, 2013 (as supplemented, the “Indenture”), as supplemented by the First Supplemental Indenture dated as of June 20, 2013,
the Second Supplemental Indenture dated as of June 20, 2013, the Third Supplemental Indenture dated as of June 20, 2013 and the Fourth Supplemental Indenture dated as of November 20, 2013; 

WHEREAS, the New Guarantor desires to guarantee the due and punctual payment of the principal of (and premium, if any, on) and interest, if
any, on all of the Securities issued under the Indenture; 
 WHEREAS, Section 901 of the Indenture provides, among other things, that,
the Issuer, the Guarantors and the Trustee may amend or supplement the Indenture, without the consent of any Holder, to make any provisions with respect to matters or questions arising under the Indenture that do not adversely affect the interests
of Holders under the Indenture, in any material respect; 
 WHEREAS, the Issuer, the Co-Obligor and the Guarantors have determined that this
Fifth Supplemental Indenture complies with Section 901 of the Indenture and does not require the consent of any Holders and, on the basis of the foregoing, the Trustee has determined that this Fifth Supplemental Indenture is in form
satisfactory to it; 
 WHEREAS, each of the Issuer, the Co-Obligor, the Guarantors and the New Guarantor have been authorized by resolutions
of their respective Boards of Directors to enter into this Fifth Supplemental Indenture; and 







 WHEREAS, all acts, conditions, proceedings and requirements necessary to make this Fifth
Supplemental Indenture a valid, binding and legal agreement enforceable in accordance with its terms for the purposes expressed herein, in accordance with its terms, have been duly done and performed. 







 WITNESSETH: 

NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, and for other good and valuable
consideration the receipt of which is hereby acknowledged, the Issuer, the Co-Obligor, the Guarantors, the New Guarantor and the Trustee hereby agree as follows: 

ARTICLE ONE 
 DEFINITIONS 

Section 101. Capitalized terms in this Fifth Supplemental Indenture that are not otherwise defined herein shall have the meanings set
forth in the Indenture. 
 Section 102. “Supplemented Indenture” shall mean the Indenture as supplemented by this Fifth
Supplemental Indenture 
 Section 103. “Additional Guarantee” shall mean the guarantee by the New Guarantor, as authenticated
and delivered pursuant to this Fifth Supplemental Indenture, which guarantee is set forth in Article Two of this Fifth Supplemental Indenture. 

ARTICLE TWO 
 ADDITIONAL GUARANTEE
OF THE NEW GUARANTOR 
 Section 201. The New Guarantor represents and warrants to the Trustee as follows: 

(a) The New Guarantor is duly incorporated, validly existing and in good standing under the law of Luxembourg. 

(b) The execution, delivery and performance by it of this Fifth Supplemental Indenture have been authorized and approved by all necessary
corporate action on its part. 
 Section 202. Additional Guarantee of the New Guarantor. 

(a) The New Guarantor hereby fully and unconditionally guarantees to each Holder of a Security of each series authenticated and
delivered by the Trustee for such Securities under the Indenture and to such Trustee for itself and on behalf of each such Holder, the due and punctual payment of principal of (and premium, if any, on) and interest on the Securities when and as the
same shall become due and payable, whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, and all other amounts owed under the Indenture, according to the terms thereof and of the Indenture. In case of the
failure of the Issuer promptly to make any such payment of principal (and premium, if any, on) or interest, the New Guarantor hereby agrees to make any such payment to be made promptly when and as the same shall become due and payable, whether at
the Stated Maturity or by declaration of acceleration, call for redemption or otherwise, and as if such payment were made by the Issuer. 

(b) The New Guarantor hereby agrees that its obligations hereunder shall be as if it were principal debtor and not merely
surety, and shall be absolute and unconditional, joint and several, irrespective of, and shall be unaffected by any failure to 







 
enforce the provisions of such Security or the Indenture, or any waiver, modification or indulgence granted to the Issuer with respect thereto, by the Holder of such Security or the Trustee for
the Securities of such series or any other circumstance which may otherwise constitute a legal or equitable discharge of a surety or guarantor; provided, however, that, notwithstanding the foregoing, no such waiver, modification or indulgence shall,
without the consent of the New Guarantor, increase the principal amount of such Security, or increase the interest rate thereon, or increase any premium payable upon redemption thereof, or alter the Stated Maturity thereof, or increase the principal
amount of any Original Issue Discount Security that would be due and payable upon a declaration of acceleration or the maturity thereof pursuant to Article Five of the Indenture. The New Guarantor hereby waives diligence, presentment, demand of
payment, filing of claims with a court in the event of merger or bankruptcy of the Issuer, any right to require a proceeding first against the Issuer, protest or notice with respect to such Security or the indebtedness evidenced thereby or with
respect to any sinking fund or analogous payment required under such Security and all demands whatsoever, and covenants that the Additional Guarantee of the New Guarantor will not be discharged except by payment in full of the principal of (and
premium, if any, on) and interest on such Security or as otherwise set forth in the Indenture; provided, that if any Holder or the Trustee is required by any court or otherwise to return to the Issuer, the New Guarantor or any custodian, trustee,
liquidator or other similar official acting in relation to either the Issuer or the New Guarantor any amount paid either to the Trustee or such Holder, the Additional Guarantee of the New Guarantor, to the extent theretofore discharged, shall be
reinstated in full force and effect. 
 (c) The New Guarantor shall be subrogated to all rights of the Holder of such
Security and the Trustee for the Securities of such series against the Issuer in respect of any amounts paid to such Holder by the New Guarantor pursuant to the provisions of its Additional Guarantee; provided, however, that the New Guarantor shall
not be entitled to enforce or to receive any payments arising out of or based upon such right of subrogation until the principal of (and premium, if any, on) and interest on all Securities of the same series issued under the Indenture shall have
been paid in full. 
 Section 203. Execution and Delivery of the Additional Guarantee of the New Guarantor. 

To evidence its Additional Guarantee set forth in Section 202 of this Fifth Supplemental Indenture, the New Guarantor hereby agrees that
this Fifth Supplemental Indenture shall be executed, manually or by facsimile, on behalf of the New Guarantor by its Chairman of the Board of Directors, its President or one of its Vice Presidents and by its Treasurer or one of its Assistant
Treasurer or its Secretary or one of its Assistant Secretaries. 
 The New Guarantor hereby agrees that its Additional Guarantee set forth
in Section 202 of this Fifth Supplemental Indenture shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Additional Guarantee on the Securities. 

If an Officer of the New Guarantor whose signature is on this Fifth Supplemental Indenture no longer holds that office at the time the Trustee
authenticates the Securities, the Additional Guarantee of the New Guarantor shall be valid nevertheless. 







 The delivery of any Securities by the Trustee, after the authentication thereof hereunder, shall
constitute due delivery of the Additional Guarantee of the New Guarantor set forth in this Fifth Supplemental Indenture on behalf of the New Guarantor. 

Section 204. This Article Not to Prevent Events of Default. 

The failure to make a payment on account of principal of (and premium, if any, on) or interest on the Securities by reason of any provision of
this Article Two of this Fifth Supplemental Indenture will not be construed as preventing the occurrence of an Event of Default. 

Section 205. Amendment, Etc. 

No amendment, modification or waiver of any provision of the Indenture relating to the New Guarantor or consent to any departure by the New
Guarantor or any other Person from any such provision will in any event be effective unless it is signed by the New Guarantor and the Trustee for the Securities of such series. 

Section 206. Limitation on Liability. 

The obligations of the New Guarantor hereunder will be limited to the maximum amount as will not result in the obligations of the New
Guarantor under its Additional Guarantee constituting a fraudulent conveyance or fraudulent transfer, after giving effect to all other relevant liabilities of the New Guarantor. 

ARTICLE THREE 
 MISCELLANEOUS 

Section 301. This Fifth Supplemental Indenture is hereby executed and shall be construed as an indenture supplemental to the Indenture
and, as provided in the Indenture, this Fifth Supplemental Indenture forms a part thereof. 
 Section 302. This Fifth Supplemental
Indenture shall be governed by and construed in accordance with the laws of the State of New York. 
 Section 303. This Fifth
Supplemental Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 304. The Article headings herein are for convenience only and shall not affect the construction hereof. 

Section 305. If any provision of this Fifth Supplemental Indenture limits, qualifies or conflicts with any provision of the Supplemented
Indenture which is required to be included in the Supplemented Indenture by any of the provisions of the Trust Indenture Act, such required provision shall control. 

Section 306. In case any provision in this Fifth Supplemental 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. 







 Section 307. Nothing in this Fifth Supplemental Indenture, the Indenture or the Securities,
express or implied, shall give to any person, other than the parties hereto and thereto and their successors hereunder and thereunder and the Holders of Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture,
this Fifth Supplemental Indenture or the Securities. 
 Section 308. The Trustee shall not be responsible in any manner whatsoever for
or in respect of the validity or sufficiency of this Fifth Supplemental Indenture. The recitals of fact contained herein shall be taken as the statements of the Issuer, the Co-Obligor, the Guarantors and the New Guarantor and the Trustee assumes no
responsibility for the correctness thereof. 
 [Signature Pages Follow] 







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

					
	INGERSOLL-RAND GLOBAL HOLDING COMPANY LIMITED, as the Issuer
		
	By	 	 /s/ Janet C.M. Pfeffer

		 	Name:	 	Janet C.M. Pfeffer
		 	Title:	 	Vice President and Treasurer
	
	INGERSOLL-RAND COMPANY, as the Co-Obligor
		
	By	 	 /s/ Janet C.M. Pfeffer

		 	Name:	 	Janet C.M. Pfeffer
		 	Title:	 	Vice President and Treasurer
	
	INGERSOLL-RAND PLC, as a Guarantor
		
	By	 	 /s/ Janet C.M. Pfeffer

		 	Name:	 	Janet C.M. Pfeffer
		 	Title:	 	Vice President and Treasurer
	
	INGERSOLL-RAND COMPANY LIMITED, as a Guarantor
		
	By	 	 /s/ Susan K. Carter

		 	Name:	 	Susan K. Carter
		 	Title:	 	 Senior Vice President and Chief Financial Officer

	
	INGERSOLL-RAND INTERNATIONAL HOLDING LIMITED, as a Guarantor
		
	By	 	 /s/ Janet C.M. Pfeffer

		 	Name:	 	Janet C.M. Pfeffer
		 	Title:	 	Vice President and Treasurer


 [Fifth Supplemental Indenture to 2013 Indenture] 







 
					
	INGERSOLL-RAND LUXEMBOURG FINANCE S.A., as the New Guarantor
		
	By	 	 /s/ David Butow

		 	Name:	 	David Butow
		 	Title:	 	Director
	
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By	 	 /s/ Laurence J. O’Brien

		 	Name:	 	Laurence J. O’Brien
		 	Title:	 	Vice President


 [Fifth Supplemental Indenture to 2013 Indenture]