Document:

EX-10.3

 Exhibit 10.3 
 ADMINISTRATION AGREEMENT 
 among 

NISSAN AUTO RECEIVABLES 2013-B OWNER TRUST 
 as Issuer 
 NISSAN MOTOR ACCEPTANCE CORPORATION, 

as Administrator 

CITIBANK, N.A., 

as Indenture Trustee 
 and 
 WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Owner Trustee 

Dated as of July 30, 2013 

 TABLE OF CONTENTS 

 
  

					
	 	  	Page	 
	 1. DUTIES OF THE ADMINISTRATOR
	  	 	2	  
		
	 2. RECORDS
	  	 	7	  
		
	 3. COMPENSATION
	  	 	7	  
		
	 4. ADDITIONAL INFORMATION TO BE FURNISHED TO THE ISSUER
	  	 	7	  
		
	 5. INDEPENDENCE OF THE ADMINISTRATOR
	  	 	7	  
		
	 6. NO JOINT VENTURE
	  	 	8	  
		
	 7. OTHER ACTIVITIES OF ADMINISTRATOR
	  	 	8	  
		
	 8. TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF ADMINISTRATOR
	  	 	8	  
		
	 9. ACTION UPON TERMINATION, RESIGNATION OR REMOVAL
	  	 	9	  
		
	 10. NOTICES
	  	 	9	  
		
	 11. AMENDMENTS
	  	 	10	  
		
	 12. SUCCESSOR AND ASSIGNS
	  	 	11	  
		
	 13. GOVERNING LAW
	  	 	11	  
		
	 14. NO PETITION
	  	 	11	  
		
	 15. HEADINGS
	  	 	11	  
		
	 16. COUNTERPARTS
	  	 	11	  
		
	 17. SEVERABILITY OF PROVISIONS
	  	 	11	  
		
	 18. NOT APPLICABLE TO NMAC IN OTHER CAPACITIES
	  	 	12	  
		
	 19. LIMITATION OF LIABILITY OF OWNER TRUSTEE AND INDENTURE TRUSTEE
	  	 	12	  
		
	 20. USAGE OF TERMS
	  	 	12	  

  

					
		  	-i-	  	(Nissan 2013-B Administration Agreement)

 This ADMINISTRATION AGREEMENT, dated as of July 30, 2013 (this
“Agreement”), among NISSAN AUTO RECEIVABLES 2013-B OWNER TRUST, a Delaware statutory trust (the “Issuer”), NISSAN MOTOR ACCEPTANCE CORPORATION, a California corporation, as administrator (the
“Administrator”), and CITIBANK, N.A., a national banking association, not in its individual capacity but solely as Indenture Trustee (as defined below), and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association with
trust powers, not in its individual capacity but solely as Owner Trustee (as defined below). 
 W I T N E S S E T H: 

WHEREAS, beneficial ownership interests in the Issuer represented by the Nissan Auto Receivables 2013-B Owner Trust Asset Backed
Certificates (the “Certificates”) have been issued in connection with the formation of the Issuer pursuant to the Amended and Restated Trust Agreement, dated as of July 30, 2013 (the “Trust Agreement”), between
Nissan Auto Receivables Corporation II (“NARC II”), a Delaware corporation, as depositor, and Wilmington Trust, National Association, as owner trustee (the “Owner Trustee”); 

WHEREAS, the Issuer is issuing the Nissan Auto Receivables 2013-B Owner Trust 0.21000% Asset Backed Notes, Class A-1, the Nissan
Auto Receivables 2013-B Owner Trust 0.52% Asset Backed Notes, Class A-2, the Nissan Auto Receivables 2013-B Owner Trust 0.84% Asset Backed Notes, Class A-3, and the Nissan Auto Receivables 2013-B Owner Trust 1.31% Asset Backed Notes,
Class A-4 (collectively, the “Notes”) pursuant to the Indenture, dated as of July 30, 2013, (as amended and supplemented from time to time, the “Indenture”), between the Issuer and Citibank, N.A., as
indenture trustee (the “Indenture Trustee”); capitalized terms used herein and not defined herein shall have the meanings ascribed thereto in the Indenture, the Trust Agreement or the Sale and Servicing Agreement, dated as of
July 30, 2013, among the Issuer, Nissan Motor Acceptance Corporation (“NMAC”), as servicer, and NARC II, as seller (the “Sale and Servicing Agreement”), as the case may be; 

WHEREAS, the Issuer and other parties have entered into certain agreements in connection with the issuance of the Certificates and the
Notes, including the Purchase Agreement, dated as of July 30, 2013 (the “Purchase Agreement”), between NMAC, as seller, and NARC II, as purchaser, the Trust Agreement, the Indenture, this Agreement, the Note Depository
Agreement and the Sale and Servicing Agreement (collectively, the “Basic Documents”); 
 WHEREAS, pursuant to
the Basic Documents, the Issuer is required to perform certain duties in connection with the Certificates, the Notes and the Collateral; 
 WHEREAS, the Issuer desires to appoint NMAC as administrator to perform certain of the duties of the Issuer under the Basic Documents and to provide such additional services consistent with the terms of
this Agreement and the Basic Documents as the Issuer may from time to time request; and 
 WHEREAS, the Administrator has the
capacity to provide the services required hereby and is willing to perform such services for the Issuer on the terms set forth herein. 

  

					
		  		  	(Nissan 2013-B Administration Agreement)

 NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
  

	1.	DUTIES OF THE ADMINISTRATOR. 

  

	 	(a)	Duties with respect to the Note Depository Agreement and the Indenture. 

(i) Subject to the limitations set forth in clause (c) below, the Administrator agrees to perform all its duties as
Administrator under the Basic Documents and the duties of the Issuer under the Note Depository Agreement and the Indenture. In addition, the Administrator shall consult with the Owner Trustee regarding the duties of the Issuer under the Indenture
and the Note Depository Agreement. The Administrator shall monitor the performance of the Issuer and shall advise the Owner Trustee when action by the Issuer or the Owner Trustee is necessary to comply with the Issuer’s duties under the
Indenture and the Note Depository Agreement. The Administrator shall prepare for execution by the Issuer or shall cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as
it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture and the Note Depository Agreement. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer to take
pursuant to the Indenture, including, without limitation, such of the foregoing as are required with respect to the following matters under the Indenture (references are to sections of the Indenture): 

(A) preparing or obtaining the documents and instruments required for the proper authentication of Notes and delivering
the same to the Indenture Trustee (Section 2.02); 
 (B) appointing the Note Registrar and giving the Indenture
Trustee notice of any appointment of a new Note Registrar and the location, or change in location, of the Note Register (Section 2.04); 
 (C) preparing, obtaining and/or filing of all instruments, opinions and certificates and other documents required for the release of Collateral (Section 2.09); 

(D) maintaining an office in the Borough of Manhattan, City of New York, for the registration of transfer or exchange of
Notes (Section 3.02); 
 (E) causing newly appointed Paying Agents, if any, to deliver to the Indenture Trustee
the instrument specified in the Indenture regarding funds held in trust (Section 3.03); 
 (F) directing the
Indenture Trustee to deposit moneys with Paying Agents, if any, other than the Indenture Trustee (Section 3.03); 

  

					
		  	2	  	(Nissan 2013-B Administration Agreement)

 (G) obtaining and preserving or causing the Owner Trustee to obtain and
preserve the Issuer’s qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes, the Collateral and each other instrument and
agreement included in the Trust Estate (Section 3.04); 
 (H) preparing all supplements, amendments, financing
statements, continuation statements, instruments of further assurance and other instruments, in accordance with Section 3.05 of the Indenture, necessary to protect the Trust Estate (Sections 3.05 and 3.07(c)); 

(I) furnishing the required Opinions of Counsel in accordance with Sections 3.06 and 8.06 of the Indenture, and
delivering the annual Officer’s Certificates and certain other statements as to compliance with the Indenture, in accordance with Section 3.09 of the Indenture (Sections 3.06, 3.09 and 8.06); 

(J) identifying to the Indenture Trustee in an Officer’s Certificate any Person with whom the Issuer has contracted
to perform its duties under the Indenture (Section 3.07); 
 (K) notifying the Indenture Trustee and the Rating
Agencies of any Servicer Default pursuant to the Sale and Servicing Agreement and, if such Servicer Default arises from the failure of the Servicer to perform any of its duties under the Sale and Servicing Agreement, taking all reasonable steps
available to remedy such failure (Section 3.07(d)); 
 (L) preparing and obtaining documents and instruments
required in connection with the consolidation, merger or transfer of assets of the Issuer (Section 3.10); 
 (M)
delivering notice to the Indenture Trustee of each Event of Default and each other default by the Servicer or the Seller under the Sale and Servicing Agreement (Section 3.18); 

(N) monitoring the Issuer’s obligations as to the satisfaction and discharge of the Indenture and the preparation of
an Officer’s Certificate and obtaining the Opinion of Counsel and the Independent Certificate (as defined in the Indenture) related thereto (Section 4.01); 

(O) preparing and mailing the notification of the Indenture Trustee and the Noteholders with respect to special payment
dates, if any (Section 5.04(d)); 
 (P) preparing any Officer’s Certificates and obtaining any Opinions of
Counsel and Independent Certificates necessary for the release of the Trust Estate (Sections 8.04 and 8.06); 

  

					
		  	3	  	(Nissan 2013-B Administration Agreement)

 (Q) preparing Issuer Orders and obtaining Opinions of Counsel with respect
to the execution of any supplemental indentures, and mailing notices to the Noteholders with respect thereto (Sections 9.01, 9.02 and 9.03); 
 (R) executing and delivering new Notes conforming to the provisions of any supplemental indenture, as appropriate (Section 9.06); 

(S) preparing all Officer’s Certificates, Opinions of Counsel and Independent Certificates with respect to any
requests by the Issuer to the Indenture Trustee to take any action under the Indenture (Section 11.01(a)); 

(T) preparing and delivering Officer’s Certificates and obtaining Independent Certificates, if necessary, for the
release of property or securities from the lien of the Indenture (Section 11.01(c)); 
 (U) preparing and
delivering to the Noteholders and the Indenture Trustee any agreements with respect to alternate payment and notice provisions (Section 11.06); and 
 (V) recording the Indenture, if applicable (Section 11.14). 
 (ii)
The Administrator shall also: 
 (A) pay the Indenture Trustee and the Owner Trustee from time to time the
reasonable compensation provided for in the Indenture and the Trust Agreement, respectively; 
 (B) reimburse
the Indenture Trustee and the Owner Trustee for all reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee or the Owner Trustee to the extent the Indenture Trustee or the Owner Trustee is entitled to such
reimbursement pursuant to Section 6.07 of the Indenture or Sections 8.01 and 8.02 of the Trust Agreement, as applicable; and 
 (C) indemnify the Indenture Trustee and the Owner Trustee and the other Indemnified Parties for, and hold each harmless against, any losses, liability or expense to the extent the Indenture Trustee or the
Owner Trustee or the other Indemnified Parties are entitled to such indemnification pursuant to the Indenture or the Trust Agreement, as applicable. 
  

	 	(b)	Additional Duties. 

 (i) In addition to the duties of the Administrator set forth above, the Administrator shall perform such calculations, and shall prepare for execution by the Issuer or the Owner Trustee or shall cause the
preparation by 

  

					
		  	4	  	(Nissan 2013-B Administration Agreement)

 
other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver
pursuant to the Basic Documents (other than any notice required to be delivered by the Owner Trustee pursuant to Sections 3.07, 6.03(e) and 10.04 of the Trust Agreement), and at the request of the Owner Trustee shall take all appropriate action that
it is the duty of the Issuer or the Owner Trustee to take pursuant to the Basic Documents. Subject to Section 5 of this Agreement, and in accordance with the reasonable written directions of the Owner Trustee, the Administrator shall
administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Owner Trustee and
are reasonably within the capability of the Administrator. 
 (ii) Notwithstanding anything in this Agreement or
the Basic Documents to the contrary, the Administrator shall be responsible for promptly notifying the Owner Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Certificateholder as
contemplated in Section 5.02(c) of the Trust Agreement. Any such notice shall specify the amount of any withholding tax required to be withheld by the Owner Trustee pursuant to such provision. 

(iii) Notwithstanding anything in this Agreement or the Basic Documents to the contrary, the Administrator shall be
responsible for performance of the duties of the Administrator set forth in Section 5.04(a), (b), (c), (d), (e) and (f) of the Trust Agreement with respect to, among other things, accounting and reports to the Certificateholders;
provided, however, that the Owner Trustee shall remain exclusively responsible for the mailing of the Schedule K-1s necessary to enable each Certificateholder to prepare its federal and state income tax returns. 

(iv) If any Certificateholder is not the Administrator or any of its Affiliates, the Administrator may satisfy its
obligations with respect to clauses (ii) and (iii) above and under the Trust Agreement by retaining, at the expense of the Administrator, a firm of independent public accountants (the “Accountants”) which shall perform the
obligations of the Administrator thereunder. 
 In connection with paragraph (ii) above, if any
Certificateholder is not the Administrator or any of its Affiliates, then the Administrator will cause the Accountants to provide, prior to December 1 of each year, a letter in form and substance satisfactory to the Owner Trustee as to whether
any tax withholding is then required and, if required, the procedures to be followed with respect thereto to comply with the requirements of the Code. The Accountants shall be required to update the letter in each instance that any additional tax
withholding is subsequently required or any previously required tax withholding shall no longer be required. 

  

					
		  	5	  	(Nissan 2013-B Administration Agreement)

 (v) The Administrator shall perform the duties of the Administrator
specified in Section 10.02 and Section 10.03 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, and any other duties expressly required to be performed by the Administrator
under the Trust Agreement. 
 (vi) The Administrator shall perform all duties and obligations applicable to or
required of the Issuer set forth in Appendix A to the Sale and Servicing Agreement in accordance with the terms and conditions thereof. 
 (vii) The Administrator shall obtain on behalf of the Trust, at its own expense, all licenses required to be held by the Trust under the laws of any jurisdiction in connection with ownership of the
Receivables, and shall make all filings and pay all fees as may be required in connection therewith during the term hereof. 
 (viii) In carrying out the foregoing duties or any of its other obligations under this Agreement, the Administrator may enter into transactions with or otherwise deal with any of its Affiliates; provided,
however, that the terms of any such transactions or dealings shall be in accordance with any directions received from the Issuer and shall be, in the Administrator’s opinion, no less favorable to the Issuer than would be available from
unaffiliated parties. 
  

	 	(c)	Non-Ministerial Matters. 

 (i) With respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless within a reasonable time before the taking of such
action the Administrator shall have notified the Owner Trustee of the proposed action and the Owner Trustee shall not have withheld consent thereto or provided an alternative direction. For the purpose of the preceding sentence,
“non-ministerial matters” shall include, without limitation: 
 (A) the amendment of the Indenture or
execution of any supplement to the Indenture; 
 (B) the initiation of any claim or lawsuit by the Issuer and
the compromise of any action, claim or lawsuit brought by or against the Issuer (other than in connection with the collection of the Receivables); 
 (C) the amendment, change or modification of any of the Basic Documents; 
 (D) the appointment of successor Note Registrars or successor Paying Agents pursuant to the Indenture or the appointment of successor Administrators, or the consent to the assignment by the Note
Registrar, Paying Agent or Indenture Trustee of its obligations, in each case under the Indenture; and 

  

					
		  	6	  	(Nissan 2013-B Administration Agreement)

 (E) the removal of the Indenture Trustee. 

(ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall
not (x) make any payments to the Noteholders under the Basic Documents, (y) sell the Trust Estate pursuant to Section 5.04 of the Indenture, or (z) take any other action that the Issuer directs the Administrator not to take on
its behalf. 
  

	 	(d)	Notices to Rating Agencies. The Administrator will deliver to each Rating Agency notice (which notice shall be deemed to be delivered if delivered in accordance
with Section 10) of the occurrence of (i) any event of default for which it has been provided notice pursuant to Section 3.18 of the Indenture; (ii) any merger or consolidation of the Indenture Trustee pursuant to
Section 6.09 of the Indenture; (iii) any supplemental indenture pursuant to Section 9.01 and Section 9.02 of the Indenture; (iv) any merger or consolidation of the Owner Trustee pursuant to Section 10.04 of the Trust
Agreement; (v) any amendment to the Trust Agreement pursuant to Section 11.01 of the Trust Agreement; (vi) any Servicer Default for which it has been provided notice pursuant to Section 8.01 of the Sale and Servicing Agreement;
and (vii) any termination of, or appointment of a successor to, the Servicer for which it has been provided notice pursuant to Section 8.04 of the Sale and Servicing Agreement. 

2. RECORDS. The Administrator shall maintain appropriate books of account and records relating to services performed hereunder, which books of
account and records shall be accessible for inspection by the Issuer, the Owner Trustee and the Indenture Trustee at any time during normal business hours upon reasonable advance written notice. 

3. COMPENSATION. As compensation for the performance of the Administrator’s obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be entitled to a monthly payment of compensation in an amount to be agreed to between the Administrator and the Servicer, which shall be solely an obligation of the Servicer. 

4. ADDITIONAL INFORMATION TO BE FURNISHED TO THE ISSUER. The Administrator shall furnish to the Issuer from time to time such additional
information regarding the Collateral as the Issuer shall reasonably request. 
 5. INDEPENDENCE OF THE ADMINISTRATOR. For all purposes of
this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer, the Owner Trustee or the Indenture Trustee with respect to the manner in which it accomplishes the performance of its
obligations hereunder. Unless expressly authorized by the Issuer hereunder or otherwise, the Administrator shall have no authority to act for or represent the Issuer, the Owner Trustee or the Indenture Trustee, and shall not otherwise be or be
deemed an agent of the Issuer, the Owner Trustee or the Indenture Trustee. 

  

					
		  	7	  	(Nissan 2013-B Administration Agreement)

 6. NO JOINT VENTURE. Nothing contained in this Agreement shall (i) constitute the Administrator
and any of the Issuer, the Owner Trustee or the Indenture Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose any liability as such on any
of them or (iii) be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others. 
 7. OTHER ACTIVITIES OF ADMINISTRATOR. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its or their sole discretion, from acting as an
administrator for any other person or entity, or in a similar capacity therefor, even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. 

8. TERM OF AGREEMENT; RESIGNATION AND REMOVAL OF ADMINISTRATOR. 
  

	 	(a)	This Agreement shall continue in force until the termination of the Issuer, upon which event this Agreement shall automatically terminate. 

 

	 	(b)	Subject to Sections 8(e) and 8(f), the Administrator may resign by providing the Issuer with at least 30 days’ prior written notice.

  

	 	(c)	Subject to Sections 8(e) and 8(f), the Issuer may remove the Administrator without cause by providing the Administrator at least 30 days’ prior
written notice. 

  

	 	(d)	Subject to Sections 8(e) and 8(f), at the sole option of the Issuer, the Administrator may be removed immediately upon written notice of termination from
the Issuer to the Administrator if any of the following events shall occur: 

 (i) the
Administrator shall fail to perform in any material respect any of its duties under this Agreement and, after notice of such default, shall not cure such default within 10 days (or, if such default cannot be cured in such time, shall not give within
such 10 days such assurance of timely and complete cure as shall be reasonably satisfactory to the Issuer); or 

(ii) an Insolvency Event shall occur with respect to the Administrator. 

The Administrator agrees that if the event specified in clause (ii) of this Section shall occur, it shall give
written notice thereof to the Issuer, the Owner Trustee and the Indenture Trustee within seven days after the occurrence of such event. 
  

	 	(e)	No resignation or removal of the Administrator pursuant to this Section shall be effective until (i) a successor Administrator shall have been appointed by the
Issuer and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this Agreement on substantially the same terms as the Administrator is bound hereunder. 

  

					
		  	8	  	(Nissan 2013-B Administration Agreement)

	 	(f)	So long as the Notes are outstanding, the appointment of any successor Administrator shall be effective only after the Rating Agency Condition with respect to such
appointment shall have been satisfied. Promptly after the appointment of any successor Administrator, the successor Administrator shall provide notice of such appointment to each Rating Agency. 

 

	 	(g)	Subject to Section 8(e) and 8(f), the Administrator acknowledges that upon the appointment of a Successor Servicer pursuant to the Sale and Servicing
Agreement, the Administrator shall immediately resign and such Successor Servicer shall automatically succeed to the rights, duties and obligations of the Administrator under this Agreement. 

9. ACTION UPON TERMINATION, RESIGNATION OR REMOVAL. Promptly upon the effective date of termination of this Agreement pursuant to
Section 8(a) or the resignation or removal of the Administrator pursuant to Section 8(b) or 8(c) or 8(d), the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the
date of such termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 8(a) deliver to or to the order of the Issuer all property and documents of or relating to the Collateral then
in the custody of the Administrator. In the event of the resignation or removal of the Administrator pursuant to Section 8(b) or 8(c) or 8(d), the Administrator shall cooperate with the Issuer and take all reasonable steps
requested to assist the Issuer in making an orderly transfer of the duties of the Administrator. 
  

	10.	NOTICES. Any notice, report or other communication given hereunder shall be in writing and addressed as follows: 

 

	 	(a)	if to the Issuer or the Owner Trustee, to: 

 Nissan Auto Receivables 2013-B Owner Trust 
 In care of: Wilmington Trust, National
Association 
 Rodney Square North 
 1100 North Market Street 
 Wilmington, DE 19890 

Attention: Nissan Auto Receivables 2013-B Owner Trust 
 with a copy to: 
 Nissan Auto Receivables 2013-B Owner Trust 

In care of: Nissan Motor Acceptance Corporation 
 One Nissan Way 
 Franklin, TN 37067 

Attention: Treasurer 
  

	 	(b)	if to the Administrator, to: 

Nissan Motor Acceptance Corporation 
 One Nissan Way 
 Franklin, TN 37067 

Attention: Treasurer 

  

					
		  	9	  	(Nissan 2013-B Administration Agreement)

	 	(c)	if to the Indenture Trustee, to: 

Citibank, N.A. 
 388 Greenwich Street, 14th Floor 
 New York, NY 10013 

Attention: Agency & Trust NAROT 2013-B 
 or to such other address as any party shall have provided to the other parties in writing. Any notice required to be in writing hereunder shall be deemed given if such notice is mailed by certified mail,
postage prepaid, or hand delivered to the address of such party as provided above. 
 All notices, requests, reports, consents
or other communications deliverable to any Rating Agency hereunder or under any other Basic Document shall be deemed to be delivered if a copy of such notice, request, report, consent or other communication has been posted on any website maintained
by or on behalf of NMAC pursuant to a commitment to any Rating Agency relating to the Notes in accordance with 17 C.F.R. 240 17g-5(a)(3). 
  

	11.	AMENDMENTS. 

  

	 	(a)	Any term or provision of this Agreement may be amended by the Issuer, the Administrator, and the Indenture Trustee, with the consent of the Owner Trustee but without
the consent of any Noteholder or Certificateholder or any other Person, subject to the satisfaction of one of the following conditions: 

 (i) the Administrator delivers an Officer’s Certificate or Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the
Noteholders; or 
 (ii) the Rating Agency Condition is satisfied with respect to such amendment; 

provided, however, that in the event any Certificates are held by anyone other than the Administrator or any of its Affiliates, this
Agreement may only be amended by the Issuer, the Administrator and the Indenture Trustee if, in addition, (i) the Holders of the Certificates evidencing a majority of the Certificate Balance consent to such amendment or (ii) such amendment
shall not, as evidenced by an Officer’s Certificate of the Administrator or an Opinion of Counsel delivered to the Owner Trustee, materially and adversely affect the interests of the Certificateholders. 

 

	 	(b)	This Agreement may also be amended by the Issuer, the Administrator, and the Indenture Trustee, with the consent of the Owner Trustee, for the purpose of adding any
provisions to or modifying or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders or the Certificateholders with the consent of: 

(i) the Holders of Notes evidencing not less than a majority of the Outstanding Amount of the Notes; and 

  

					
		  	10	  	(Nissan 2013-B Administration Agreement)

 (ii) the Holders of the Certificates evidencing a majority of the
Certificate Balance. 
 It shall not be necessary for the consent of Noteholders or Certificateholders to approve the particular
form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. 
 12. SUCCESSOR AND
ASSIGNS. This Agreement may not be assigned by the Administrator unless such assignment is consented to in writing by the Issuer, the Owner Trustee and the Indenture Trustee, and the conditions precedent to appointment of a successor
Administrator set forth in Section 8 are satisfied. An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as the Administrator is bound hereunder.
Notwithstanding the foregoing, this Agreement may be assigned by the Administrator without the consent of the Issuer, the Owner Trustee and the Indenture Trustee to a corporation or other organization that is a successor (by merger, consolidation or
purchase of assets) to the Administrator, provided that such successor organization executes and delivers to the Issuer, the Owner Trustee and the Indenture Trustee an agreement in which such corporation or other organization agrees to be bound
hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder. Subject to the foregoing, this Agreement shall bind any successors or assigns of the parties hereto. 

13. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without
reference to its conflict of law provisions (other than Section 5-1401 of the General Obligations Law of the State of New York), and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws.

 14. NO PETITION. Notwithstanding any prior termination of this Agreement, the Administrator shall not, prior to the date which is
one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party, acquiesce, petition or otherwise invoke or cause such Bankruptcy Remote Party to invoke
the process of any court or government authority for the purpose of commencing or sustaining a case against such Bankruptcy Remote Party under any federal or state bankruptcy, insolvency or similar law, or appointing a receiver, liquidator,
assignee, trustee, custodian, sequestrator or other similar official of such Bankruptcy Remote Party or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer. 

15. HEADINGS. The section headings hereof have been inserted for convenience of reference only and shall not be construed to affect the meaning,
construction or effect of this Agreement. 
 16. COUNTERPARTS. This Agreement may be executed in counterparts, each of which when so
executed shall together constitute but one and the same agreement. 
 17. SEVERABILITY OF PROVISIONS. If any one or more of the
agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid or unenforceable in any jurisdiction, then such agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements,
provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement or the other rights of the parties hereto. 

  

					
		  	11	  	(Nissan 2013-B Administration Agreement)

 18. NOT APPLICABLE TO NMAC IN OTHER CAPACITIES. Nothing in this Agreement shall affect any
obligation, right or benefit NMAC may have in any other capacity or under any Basic Document. 
 19. LIMITATION OF LIABILITY OF OWNER TRUSTEE
AND INDENTURE TRUSTEE. Notwithstanding anything contained herein to the contrary, this instrument has been countersigned by Wilmington Trust, National Association, not in its individual capacity but solely in its capacity as Owner Trustee of the
Issuer, and Citibank, N.A., not in its individual capacity but solely in its capacity as Indenture Trustee under the Indenture and in no event shall Wilmington Trust, National Association in its individual capacity, Citibank, N.A., in its individual
capacity, or any Certificateholder have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all
of which recourse shall be had solely to the assets of the Issuer. Additionally, the Indenture Trustee in its capacity hereunder shall be afforded the same indemnities, protections, rights, powers and immunities set forth in the Indenture as if such
indemnities, protections, rights, powers and immunities were specifically set forth herein. 
 20. USAGE OF TERMS. With respect to all
terms in this Agreement, the singular includes the plural and the plural the singular; words importing any gender include the other genders; references to “writing” include printing, typing, lithography and other means of reproducing words
in a visible form; references to agreements and other contractual instruments include all subsequent amendments, amendments and restatements, and supplements thereto or changes therein entered into in accordance with their respective terms and not
prohibited by this Agreement; references to Persons include their permitted successors and assigns; references to laws include their amendments and supplements, the rules and regulations thereunder and any successors thereto; the term
“including” means “including without limitation;” and the term “or” is not exclusive. 

[Signature Page Follows] 

  

					
		  	12	  	(Nissan 2013-B Administration Agreement)

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the day and year first above written. 
  

			
	NISSAN AUTO RECEIVABLES 2013-B OWNER TRUST
		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustees
		
		 	By:                             
                                         
            
		 	Name:
		 	Title:
	
	CITIBANK, N.A., not in its individual capacity but solely as Indenture Trustee
		
	By:	 	 
	Name:	 	Kristen Driscoll
	Title:	 	Vice President
	
	NISSAN MOTOR ACCEPTANCE CORPORATION, as Administrator
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 
	Name:	 	
	Title:	 	

  

					
		  	S-1	  	(Nissan 2013-B Administration Agreement)EX-4.1

 Exhibit 4.1 
 EXECUTION VERSION 
 SIXTH SUPPLEMENTAL INDENTURE 

THIS SIXTH SUPPLEMENTAL INDENTURE, dated as of July 29, 2013 (this “Sixth Supplemental Indenture”), is by and between
NUCOR CORPORATION, a corporation duly organized and existing under the laws of the State of Delaware (hereinafter called the “Company”), and THE BANK OF NEW YORK MELLON, a state banking corporation organized under the laws of the State of
New York, authorized to accept and execute trusts, as trustee (the “Trustee”). 
 WITNESSETH 

WHEREAS, pursuant to the Indenture dated as of January 12, 1999 between the Company and the Trustee (the “Original
Indenture”), the Company may from time to time issue and sell Debt Securities in one or more series, bearing such rates of interest, if any, maturing at such time or times and having such other provisions as shall be fixed as hereinafter
provided; 
 WHEREAS, the Company deems it advisable and in its best interests to issue and sell $500,000,000 aggregate
principal amount of its 4.000% Notes due 2023 (the “2023 Notes”) and $500,000,000 aggregate principal amount of its 5.200% Notes due 2043 (the “2043 Notes”, and together with the 2023 Notes, the “Notes”); 

WHEREAS, the Company has duly authorized the execution and delivery of an indenture in the form of this Sixth Supplemental Indenture in
order to establish the form and terms of, and to provide for the creation and issuance of, the Notes, and all things necessary to make this Sixth Supplemental Indenture a legal, binding and enforceable agreement have been done and performed;

 WHEREAS, all things necessary to make the Notes, when executed by the Company and authenticated and delivered by the Trustee
or any authenticating agent and issued upon the terms and subject to the conditions of the Indenture against payment therefor, the valid, binding and legal obligations of the Company; 

NOW, THEREFORE, THIS SIXTH SUPPLEMENTAL INDENTURE WITNESSETH that in consideration of the promises and of the acceptance and purchase of
the Notes by the Holders thereof, the Company covenants and agrees with the Trustee, for the benefit of all the present and future holders of the Notes, as follows: 
 Section 1. Definitions. Terms used in this Sixth Supplemental Indenture and not defined herein shall have the respective meanings given such terms in the Original Indenture. As used in this Sixth
Supplemental Indenture, the following terms shall have the meanings indicated below: 
 “Adjusted Treasury
Rate” means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable 

 
Treasury Price for that redemption date, plus 0.25% (with respect to the 2023 Notes) and 0.25% (with respect to the 2043 Notes). 

“Business Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking
institutions or trust companies in New York City (or other city in which the corporate trust office of the Trustee is located) are authorized by law, regulation or executive order to close. 

“Change of Control” means the occurrence of any of the following: (a) the consummation of any transaction
(including, without limitation, any merger or consolidation) resulting in any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than the Company or one of its subsidiaries) becoming the beneficial owner
(as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the Voting Stock of the Company or other Voting Stock into which Voting Stock of the Company is reclassified, consolidated, exchanged or
changed, measured by voting power rather than the number of shares; (b) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in a transaction or a series of related transactions,
of all or substantially all of the assets of the Company and the assets of its subsidiaries, taken as a whole, to one or more “persons” (as that term is used in Section 13(d)(3) of the Exchange Act) (other than the Company or one of
its subsidiaries); or (c) the first day on which a majority of the members of the Board of Directors of the Company are not Continuing Directors. Notwithstanding the foregoing, a transaction shall not be considered a Change of Control if
(a) the Company becomes a direct or indirect wholly-owned subsidiary of a holding company and (b)(y) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the
same as the holders of the Voting Stock of the Company immediately prior to that transaction or (z) immediately following that transaction, no person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the
holding company. 
 “Change of Control Triggering Event” means the occurrence of both a Change of
Control and a Rating Event. 
 “Comparable Treasury Issue” means the United States Treasury security
selected by the Company’s choice of Citigroup Global Markets Inc., J.P. Morgan Securities LLC or Merrill Lynch, Pierce, Fenner & Smith Incorporated, and its successors, or, if such firm is unwilling or unable to select the applicable
Comparable Treasury Issue, another Reference Treasury Dealer, as having a maturity comparable to the remaining term of the Notes of that series to be redeemed that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes of that series. 
 “Comparable Treasury Price” means, with respect to any redemption date, the average of the Reference Treasury Dealer Quotations for that redemption date. 

  
 2 

 “Continuing Directors” means, as of any date of determination, any
member of the Board of Directors of the Company who (a) was a member of the Board of Directors on the date the Notes were issued or (b) was nominated for election, elected or appointed to the Board of Directors by or with the approval
(given either before or after such member’s election or appointment) of a majority of the Continuing Directors who were members of the Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by
approval of the proxy statement of the Company in which such member was named as a nominee for election as a director, without objection to such nomination). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Sixth Supplemental Indenture” means this Sixth Supplemental Indenture between the Company and the Trustee, as amended and supplemented from time to time. 

“Global Note” means a Note issued in global form and deposited with or on behalf of the Depositary,
substantially in the form of the Note attached hereto as Exhibit A in respect of the 2023 Notes and substantially in the form of the Note attached hereto as Exhibit B in respect of the 2043 Notes. 

“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, and the equivalent investment grade credit rating from any replacement Rating Agency or Rating Agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Rating Agencies” means (a) each of Moody’s and S&P; and (b) if either Moody’s or
S&P ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the control of the Company, a “nationally recognized statistical rating organization” (within the meaning of Rule
15c3-1(c)(2)(vi)(F) under the Exchange Act) selected by the Company as a replacement Rating Agency for a former Rating Agency. 
 “Rating Event” means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grate Rating by each of the Rating Agencies on any day within
the 60-day period (which 60-day period shall be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of
Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control. 
 “Reference Treasury Dealer” means each of Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, and their respective
successors, and two other primary U.S. 

  
 3 

 
government securities dealers in New York City selected by the Company (each, a “Primary Treasury Dealer”); provided, however, that if any of the foregoing shall cease to be a Primary
Treasury Dealer or is no longer quoting prices for United States Treasury securities, the Company will substitute another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Company, of the bid and asked prices for
the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by that Reference Treasury Dealer at 5:00 p.m. (New York City time) on the third Business Day preceding the
redemption date. 
 “S&P” means Standard & Poor’s Ratings Services, a subsidiary of
McGraw Hill Financial, Inc. 
 “SEC” means the United States Securities and Exchange Commission.

 “Securities Act” means the Securities Act of 1933, as amended. 

“Voting Stock” means, with respect to any specified “person” (as that term is used in
Section 13(d)(3) of the Exchange Act) as of any date, the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person. 

Section 2. Form, Denomination and Registration of the Notes. The Company will issue the Notes only in registered book-entry form,
without interest coupons. The Notes initially will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 The Notes and the Trustee’s certificate of authentication thereon shall be, with respect to the 2023 Notes, substantially in the form set forth in Exhibit A hereto and, with respect to the 2043
Notes, substantially in the form set forth in Exhibit B hereto. The Notes shall have such appropriate insertions, omissions, substitutions and other variations as are required or permitted hereby and by the Original Indenture and may have such
letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange, The Depository Trust Company (“DTC”), any organizational document or
governing instrument or applicable law or as may, consistently herewith, be determined by the officers executing such Notes, as evidenced by their execution of the Notes. Each Global Note shall represent such of the outstanding Notes as shall be
specified therein and each shall provide that it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate
reference thereto on the face of the Note. 
 The Notes of each series will be in registered book-entry form represented by one
or more Global Notes without interest coupons, which will be deposited with the Trustee, as custodian for DTC, and registered in the name of DTC or its nominee. DTC shall be the Depositary with respect to the Notes. 

  
 4 

 The aggregate principal amount of the Global Notes may from time to time be increased or
decreased by adjustments made on the records of the Trustee, as custodian for the Depositary or its nominee, as hereinafter provided. 
 Global Notes may be exchanged for definitive Notes in registered, certificated form without interest coupons only in accordance with the provisions of the Original Indenture. All Notes in registered,
certificated form shall bear and be subject to the applicable restrictive legend set forth on Exhibit A or Exhibit B (as applicable) hereto unless the Company determines otherwise in accordance with applicable law. 

Section 3. Issue, Execution and Authentication. The aggregate principal amount of the 2023 Notes to be issued by the Company and
authenticated and delivered under this Sixth Supplemental Indenture is $500,000,000 and the aggregate principal amount of the 2043 Notes to be issued by the Company and authenticated and delivered under this Sixth Supplemental Indenture is
$500,000,000 (in each case, subject to increases or decreases from time to time by adjustments made on the records of the Trustee, as custodian for DTC or its nominee, pursuant to instructions from the Company, in accordance with the Original
Indenture). 
 Notwithstanding the foregoing, after issuance of the Notes, the Company may reopen and issue additional Notes
from the same series of Notes by Board Resolution without the consent of or notification to any Holder, and any such additional Notes will have the same ranking, interest rate, maturity date, redemption rights and other terms as the applicable
series of Notes (except the public offering price, date of issuance and, if applicable, the initial interest payment date). Any such additional Notes, together with the applicable series of Notes, will be consolidated with and constitute a single
series of Debt Securities under the Indenture. 
 Section 4. Principal and Interest Payments; Maturity Date. (a) The
2023 Notes shall bear interest at the rate of 4.000% and the 2043 Notes shall bear interest at the rate of 5.200%, computed based on a 360-day year consisting of twelve 30-day months, from, and including, the date of issuance. Interest on the Notes
will be payable semiannually in arrears on February 1 and August 1 of each year, commencing February 1, 2014, to the Holders of the Notes as of the close of business on the immediately preceding January 15 and July 15,
respectively. The principal amount of the 2023 Notes, together with all accrued and unpaid interest, shall be due and payable in full without further notice or demand on August 1, 2023 and the principal amount of the 2043 Notes, together with
all accrued and unpaid interest, shall be due and payable in full without further notice or demand on August 1, 2043. 

(b) Principal of and premium, if any, and interest on the Notes initially will be payable in accordance with the procedures of DTC and
its participants in effect from time to time. The Notes will be exchangeable and transfers of the Notes will be registrable, subject to the limitations provided in the Indenture, at the principal corporate trust office of the Trustee in New York,
New York. 
 (c) If any interest payment date, stated maturity date or earlier redemption date falls on a day other than a
Business Day, then the required payment of principal of and premium, if any, and interest may be made on the next succeeding Business Day, as if it were made on the date payment was due, and no interest will accrue on the amount so payable for the

  
 5 

 
period from and after that interest payment date, the stated maturity date or earlier redemption date, as the case may be. The Notes will not have the benefit of a sinking fund. 

Section 5. Optional Redemption. (a) Before the date that is three months (with respect to the 2023 Notes) or six months (with
respect to the 2043 Notes) prior to the applicable maturity date for such series of Notes, the Notes of each series will be redeemable, in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to
the greater of: 
  

	 	•	 	 100% of the principal amount of the Notes to be redeemed; or 

 

	 	•	 	 the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (not including the portion of any payments of
interest accrued to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (determined on the third Business Day preceding the
redemption date), 

 plus, in each case, accrued and unpaid interest thereon to, but excluding, the redemption
date. 
 (b) On or after the date that is three months (with respect to the 2023 Notes) or six months (with respect to the 2043
Notes) prior to the applicable maturity date for such series of Notes, the Notes of each series will be redeemable, in whole at any time or in part from time to time, at the Company’s option at par plus accrued and unpaid interest thereon to,
but excluding, the date of redemption. 
 (c) Notwithstanding the foregoing, installments of interest on the Notes that are due
and payable on interest payment dates falling on or prior to a redemption date will be payable on the interest payment date to the Holders as of the close of business on the relevant record date. 

(d) Notice of any redemption will be delivered at least 30 days but no more than 90 days before the redemption date to each Holder of the
Notes to be redeemed. The notice of redemption for the Notes will state, among other things, the amount of Notes to be redeemed, the redemption date, the redemption price and the place or places that payment will be made upon presentation and
surrender of Notes to be redeemed. If the Company redeems less than all of the Notes of a series, the Trustee will select the particular Notes of that series to be redeemed pro rata, by lot, or by another method the Trustee deems fair and
appropriate and in accordance with the procedures of DTC and its participants in effect from time to time. Unless the Company defaults in payment of the redemption price, interest will cease to accrue on the Notes or portions thereof called for
redemption on and after the redemption date. 
 Section 6. Change of Control Offer to Purchase. (a) If a Change of
Control Triggering Event occurs, Holders of Notes may require the Company to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their Notes at a purchase price of 101% of the principal amount, plus
accrued and unpaid interest, if any, on such Notes to the date of purchase (unless a notice of redemption has been delivered within 30 days 

  
 6 

 
after such Change of Control Triggering Event stating that all of the Notes will be redeemed as described above). The Company shall be required to deliver to Holders of the Notes a notice
describing the transaction or transactions constituting the Change of Control Triggering Event and offering to repurchase the Notes. The notice must be delivered within 30 days after any Change of Control Triggering Event, and the repurchase must
occur no earlier than 30 days and no later than 60 days after the date the notice is delivered. 
 (b) On the date specified for
repurchase of the Notes, the Company shall, to the extent lawful: 
 (i) accept for payment all properly tendered Notes or
portions of Notes; 
 (ii) deposit with the paying agent the required payment for all properly tendered Notes or portions of
Notes; and 
 (iii) deliver to the Trustee the repurchased Notes, accompanied by an Officer’s Certificate stating, among
other things, the aggregate principal amount of repurchased Notes. 
 (c) The Company shall comply with the requirements of Rule
14e-1 under the Exchange Act and any other securities laws and regulations applicable to the repurchase of the Notes. To the extent that these requirements conflict with the provisions requiring repurchase of the Notes, the Company shall comply with
such requirements instead of the repurchase provisions and shall not be considered to have breached its obligations with respect to repurchasing the Notes. Additionally, if an Event of Default exists under the Indenture (which is unrelated to the
repurchase provisions of the Notes), including events of default arising with respect to other issues of debt securities, the Company shall not be required to repurchase the Notes notwithstanding these repurchase provisions. 

(d) The Company shall not be required to comply with the obligations relating to repurchasing the Notes if a third party instead
satisfies them. 
 Section 7. Events of Default. With respect to the Notes only, 

(a) Section 7.01(a) of the Original Indenture is hereby amended by replacing “ten days” with “fifteen
days”; and 
 (b) Section 7.01(b) of the Original Indenture is hereby amended and restated as follows: “default
in the payment of the principal of or premium, if any, on any of the Debt Securities of such series, as and when the same shall become due and payable (subject to subsection (c) below) either at maturity, upon redemption, by declaration or
otherwise; or”. 
 Section 8. Applicability of Reports by Company. For purposes of this Sixth Supplemental Indenture,
to the extent information, documents or reports are required to be filed with the SEC and delivered to the Trustee or the Holders of the Notes, the availability of such information, documents or reports on the SEC’s Electronic Data Gathering
Analysis and Retrieval system or its Interactive Data Electronic Applications system or the Company’s website shall be deemed to have satisfied such delivery requirements to the Trustee or the Holders of the Notes, as applicable. 

  
 7 

 Section 9. Removal of Trustee. In addition to the terms set forth in
Section 8.10 of the Indenture, the Trustee may be removed by the Company at any time by filing with the Trustee so removed an instrument or instruments in writing, appointing a successor; provided that no such removal may be made by the Company
if an Event of Default has occurred and is continuing hereunder. Such removal shall take effect only upon the appointment of, and acceptance of such appointment by, a successor Trustee. Promptly upon delivery of such instrument or
instruments, the Company shall give, or cause to be given, notice thereof to the Holders of Notes. 
 Section 10.
Miscellaneous. The provisions of this Sixth Supplemental Indenture are intended to supplement those of the Original Indenture as in effect immediately prior to the execution and delivery hereof. The Original Indenture shall remain in full force and
effect except to the extent that the provisions of the Original Indenture are expressly modified by the terms of this Sixth Supplemental Indenture. 
 Section 11. Governing Law. This Sixth Supplemental Indenture and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York without regard to principles of
conflicts of laws. 
 Section 12. Trustee Not Responsible for Recitals or Issuance of Notes. The recitals contained herein
shall be taken as statements of the Company, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Sixth Supplemental Indenture or of the Notes other than with
respect to the Trustee’s authentication and execution. The Trustee shall not be accountable for the use or application by the Company of the Notes or the proceeds thereof. 

Section 13. Counterparts. This Sixth Supplemental Indenture may be executed in any number of counterparts, each of which shall be
deemed to be an original for all purposes; and all such counterparts shall together constitute but one and the same instrument. 

Section 14. Facsimile Agreement. The Trustee agrees to accept and act upon instructions or directions pursuant to this Sixth
Supplemental Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods; provided, however, that the Trustee shall have received an incumbency certificate listing Persons designated to give such
instructions or directions and containing specimen signatures of such designated Persons, which such incumbency certificate shall be amended and replaced whenever a Person is to be added or deleted from the listing. If the Company elects to give the
Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The
Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding that such instructions conflict or are inconsistent with a
subsequent written instruction. The Company agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including, without limitation, the risk of the Trustee acting on
unauthorized instructions and the risk of interception and misuse by third parties. 

  
 8 

 Section 15. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SIXTH SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY.

 Section 16. Force Majeure. 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, communications or computer (software and hardware) services; 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. 

Section 17. Consequential Damages. In no event shall the Trustee be responsible or liable for special, indirect 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. 

[signatures on the following page] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Sixth Supplemental Indenture to be
duly executed and delivered, all as of the day and year above written. 
  

											
		  		 	NUCOR CORPORATION
				
		  		 	By:	 	 /s/ James D. Frias

		  		 		 	Name:	 	James D. Frias
	Attest:	  		 		 	Title:	 	Chief Financial Officer, Treasurer and Executive Vice President

 

					
	By:	 	 /s/ A. Rae Eagle

		 	Name:	 	A. Rae Eagle
		 	Title:	 	Corporate Secretary

  

					
	THE BANK OF NEW YORK MELLON, as Trustee
		
	By:	 	 /s/ Laurence J. O’Brien

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

  
  
 Signature Page to Sixth Supplemental Indenture 

 Exhibit A 
 FORM OF GLOBAL NOTE DUE 2023 
 [FACE OF THE NOTE] 

THIS SECURITY IS A GLOBAL DEBT SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR ITS NOMINEE) MAY BE REGISTERED EXCEPT IN SUCH SPECIFIED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO NUCOR CORPORATION OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR TO SUCH OTHER ENTITY OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON 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. 

 Nucor Corporation 
 4.000% Notes due 2023 
  

			
	N-    	 	CUSIP 670346AM7
		
		 	$

 Issue Date: 
 NUCOR CORPORATION, a Delaware corporation (the “Company”, which term includes any successor under the Indenture hereinafter referred to), for value received, promises to pay to Cede &
Co., or its registered assigns, the principal sum of              Dollars ($        ) on August 1, 2023. The 4.000% Notes due 2023
are herein referred to as the “Notes”. 
 Interest Payment Dates: February 1 and August 1, commencing
February 1, 2014. 
 Record Dates: January 15 and July 15. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by a duly authorized officer. 
  

							
	        Date:	 		  	NUCOR CORPORATION,
		 		  	as Issuer
				
		 		  	By:	  	  

		 		  		  	Name:
		 		  		  	Title:

 Trustee’s Certificate of Authentication 

This 4.000% Note due 2023 is one of the series of Debt Securities referred to in the within-mentioned Indenture. 

 

							
	        Date:	 		  	THE BANK OF NEW YORK MELLON,
		 		  	as Trustee
				
		 		  	By:	  	  

		 		  		  	Authorized Signatory

 [REVERSE SIDE OF NOTE] 

NUCOR CORPORATION 

4.000% Notes due 2023 
 Principal and Interest. The Company will pay the principal of this Note on August 1, 2023. 
 The Company promises to pay interest on the principal amount of this Note on each Interest Payment Date indicated on the face of this Note (each an “Interest Payment Date”), as set forth below,
at the rate per annum shown above. 
 Interest will be payable semiannually in arrears on each Interest Payment Date, commencing
February 1, 2014. 
 Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from July 29, 2013; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a regular Record Date as indicated on the face of this Note (each a “Record
Date”) referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

The Company shall pay interest on overdue principal and premium and interest on overdue installments of interest, to the extent lawful,
at the rate borne by the Notes. 
 Method of Payment. The Company will pay interest (except as provided pursuant to Article
Seven of the Indenture with respect to defaulted interest and interest) on the principal amount of the Notes as provided above on each February 1 and August 1 to the Persons who are Holders (as reflected in the Debt Security register at
the close of business on the January 15 and July 15 next preceding the applicable Interest Payment Date), even if such Notes are cancelled after such Record Date and on or before such Interest Payment Date. On and after the redemption or
repurchase of any of the Notes by the Company, interest, if any, shall cease to accrue on the Notes, or portion thereof, subject to redemption or repurchase. With respect to the payment of principal, the Company will make payment to the Holder that
surrenders this Note to the paying agent with respect to the Notes (a “Paying Agent”) on or after August 1, 2023. 
 Principal of and premium, if any, and interest on the Notes initially will be payable in accordance with the procedures of DTC and its participants in effect from time to time. The Notes will be
exchangeable and transfers of the Notes will be registrable, subject to the limitations provided in the Indenture (as defined below), at the principal corporate trust office of the Trustee (as defined below) in New York, New York. 

If any Interest Payment Date, stated maturity date or earlier redemption date falls on a Saturday, a Sunday or a day on which banking
institutions are authorized by law to close, then the required payment of principal of and premium, if any, and interest may be made on the 

 
next succeeding day not a Saturday, a Sunday or a day on which banking institutions are authorized by law to close, as if it were made on the date payment was due, and no interest will accrue on
the amount so payable for the period from and after that Interest Payment Date, the stated maturity date or earlier redemption date, as the case may be. 
 All payments made in respect of the Notes are to be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

 Paying Agent and Registrar. Initially, the Trustee will act as authenticating agent, Paying Agent and registrar (the
“Registrar”) with respect to the Notes. The Company may change any authenticating agent, Paying Agent or Registrar without notice. The Company, any Subsidiary or any affiliate of any of them may act as Paying Agent, Registrar or
co-Registrar. 
 Indenture; Limitations. The Company issued the Notes under an Indenture dated as of January 12, 1999 (the
“Original Indenture”), as supplemented by the Sixth Supplemental Indenture dated July 29, 2013 (the “Sixth Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), between the Company
and The Bank of New York Mellon, as trustee (the “Trustee”). Capitalized terms herein are used as defined in the Indenture unless otherwise indicated. Reference is made to the Indenture and the Trust Indenture Act of 1939, as amended (the
“Trust Indenture Act”), for a full, complete and detailed statement of the purposes for which the Notes are issued, the terms on which the Notes are issued and the terms, provisions and conditions governing payment of the Notes and the
provisions, among others, with respect to the nature and extent of the rights, duties and obligations of the Trustee, the Paying Agent, the Registrar, the authenticating agent, Holders and the Company. The Holder of this Note, by acceptance of this
Note, is deemed to have agreed and consented to the terms and provisions of the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. 
 The Notes are general unsecured obligations of the Company. This Note is not secured by any collateral, including assets of the Company or any of its Subsidiaries. The Sixth Supplemental Indenture
establishes the original aggregate principal amount of the Notes at $500,000,000, all of which were issued by the Company on the Issue Date indicated on the face of this Note, and this Note shall represent the aggregate principal amount of such
outstanding Notes from time to time endorsed thereon pursuant to the Indenture. The aggregate principal amount of outstanding Notes represented hereby may from time to time by increased or decreased by adjustments made on the records of the Trustee,
as custodian for the Depositary or its nominee, as provided in the Sixth Supplemental Indenture. 
 Optional Redemption. Before
the date that is three months prior to August 1, 2023, the Notes will be redeemable, in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to the greater of (i) 100% of the principal
amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (not including the portion of any such payments of interest accrued to the redemption date)
discounted to the redemption date on a semi-annual 

 
basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (determined on the third Business Day preceding the redemption date), plus accrued and unpaid
interest thereon to, but excluding, the redemption date. 
 On or after the date that is three months prior to August 1,
2023, the Notes will be redeemable, in whole at any time or in part from time to time, at the Company’s option at par plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Notwithstanding the foregoing,
installments of interest on the Notes that are due and payable on Interest Payment Dates falling on or prior to a redemption date will be payable on the Interest Payment Date to the Holders as of the close of business on the relevant Record Date.

 Change of Control Offer to Purchase. Upon a Change of Control Triggering Event, the Company shall be required to make an
offer to purchase the Notes on the terms set forth in the Sixth Supplemental Indenture. 
 Denominations; Transfer; Exchange.
The Notes are in registered form without coupons in minimum denominations of $2,000 of principal amount and integral multiples of $1,000 in excess thereof. The transfer or exchange of Notes may be registered and the Notes may be exchanged in
accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes, fees and/or other governmental charges required by law or permitted by the
Indenture. The Registrar need not register the transfer or exchange of any Notes selected for redemption. Also, it need not register the transfer or exchange of any Notes for a period of 15 days before the day of the mailing of a notice of
redemption of Notes selected for redemption. 
 As provided in the Indenture and subject to certain limitations therein set
forth, the Notes will be issued only in registered form and initially will be represented by one or more Global Notes registered in the name of a nominee of DTC. Beneficial interests in the Notes will be shown on, and transfers thereof will be
effected only through, the records maintained by DTC participants. Except for the limited circumstances described in the Indenture, owners of beneficial interests in the Notes will not be entitled to receive definitive Notes in registered,
certificated form and will not be considered the Holders thereof. 
 The Company will provide for registration of transfers of
the Notes through the Registrar, subject to the operations and procedures of DTC and its participants in effect from time to time, upon receipt of the information regarding the form of transfer and the status of the transferee to be provided on the
Assignment Form attached hereto, along with such other opinions of counsel, certifications and/or other information satisfactory to the Company and the Trustee in connection with certain transfers. 

Persons Deemed Owners. A Holder shall be treated as the owner of a Note for all purposes. 

Unclaimed Money. If money for the payment of principal and premium, if any, or interest remains unclaimed for one year, the Trustee or
the Paying Agent will pay the money back to the Company at its written request. After that, Holders entitled to the money must look 

 
to the Company for payment, unless applicable law designates another Person, and all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

Defeasance and Discharge Prior to Redemption or Maturity. If the Company deposits with the Trustee, in trust, money, U.S. Government
Obligations and/or Eligible Obligations or any combination of the foregoing which through the payment of interest thereof and principal thereof in accordance with their terms will provide money in an amount sufficient to pay the then outstanding
principal of, interest, if any, and premium, if any, on the Notes (and any other Debt Securities of the same series) to redemption or maturity, and complies with certain other provisions of the Indenture relating thereto, (i) the Company will
be deemed to have paid and will be discharged from any and all obligations in respect of the Notes and (ii) certain provisions set forth in the Indenture will no longer be in effect with respect to the Notes. In addition, the Company can obtain
a Discharge with respect to all the Debt Securities of a series by depositing with the Trustee, in trust, funds sufficient to pay at maturity or upon redemption all of the Debt Securities of that series, provided that all of the Debt Securities of
that series are by their terms to become due and payable within one year or are to be called for redemption within one year. 

Amendment; Supplement; Waiver. Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent
of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and, subject to Section 13 of the Indenture, any existing default or Event of Default or compliance with any provision may be waived with the
consent of the Holders of at least a majority in principal amount of the Notes then outstanding; provided, however, that no supplemental indenture may, without the consent of the Holders of all Debt Securities of that series then outstanding
(i) change the fixed maturity (which term for these purposes does not include payments due pursuant to any sinking, purchase or analogous fund) of those Debt Securities, reduce the principal amount thereof, reduce the rate or extend the time of
payment of interest thereon, reduce any premium payable upon the redemption thereof or impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof (or, in the case of redemption, on or after the
redemption date without the consent of the Holder of each Debt Security so affected), or (ii) reduce the percentage of Debt Securities of a series required to approve any such supplemental indenture. Without notice to or the consent of any
Holder, the parties thereto may amend or supplement the Indenture or the Notes to, among other things, clarify or cure any ambiguity, defect or inconsistency and make any change that does not adversely affect the rights of any Holder in any material
respect. 
 Restrictive Covenants. The Indenture imposes certain limitations on the ability of the Company and its Restricted
Subsidiaries, among other things, to (a) create, assume, issue, guarantee, or incur any Secured Indebtedness, (b) enter into any Sale and Leaseback Transaction, (c) merge into or consolidate with or convey or transfer its properties
substantially as an entirety to any Person. Within 120 days after the end of the last fiscal quarter of each year, the Company shall deliver to the Trustee an officer’s certificate stating whether or not the signer knows of any noncompliance
with the terms, provisions, covenants and conditions under the Indenture. 

 Successor Persons. When a successor Person or other entity assumes all the obligations of
its predecessor under the Notes and the Indenture, as permitted by the Indenture, the predecessor Person will be released from those obligations. 
 Defaults and Remedies. An Event of Default is: (a) default in the payment of any installment of interest upon the Notes (or other Debt Securities of the same series), and continuance of such default
for 15 days after receipt by the Company of written notice of such default from any Person; (b) default in the payment of the principal of or premium, if any, on the Notes (or other Debt Securities of the same series), as the same shall become
due and payable either at maturity, upon redemption, by declaration or otherwise; (c) failure by the Company to observe or perform any other covenants under the Indenture for 90 days after receipt by the Company of a written notice by the
Trustee or receipt by the Company and the Trustee of written notice by Holders of at least 25% of the aggregate principal amount of the Notes (or other Debt Securities of the same series) then outstanding; and (d) certain events of bankruptcy,
insolvency and reorganization as described in the Indenture. 
 If an Event of Default, as defined in the Indenture, occurs and
is continuing, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of such Holders shall, declare all the Notes to be due and payable. Holders may not
enforce the Indenture or the Notes, or take any action with respect to any Event of Default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indenture. The Trustee
may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations under the Indenture, Holders of at least a majority in principal amount of the Notes then outstanding may direct in accordance
with the provisions of the Indenture the Trustee in its exercise of any trust or power, including waiver of all past defaults, rescission and annulment of a declaration of acceleration and its consequences and exercise of any right, remedy or power
available to the Trustee. 
 Prior to any declaration accelerating the maturity of the Notes, the Holders of a majority in
principal amount of the outstanding Notes may, on behalf of the Holders of the Notes, waive any past default or Event of Default with respect to the Notes except a default (i) in the payment of principal of, premium, if any, or interest, if
any, on the Notes or (ii) in regard to a covenant or provision applicable to that series that cannot be modified or amended without the consent of the Holder of each outstanding Note. After the principal of all outstanding Notes has been
declared due and payable but before any judgment or decree for the payment of the money has been obtained or entered, the Holders of a majority in principal amount of the outstanding Notes may waive all defaults with respect to the Notes and rescind
and annul that declaration if the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of principal, premium, if any, and interest which has become due other than by acceleration, and any and all other
Events of Default with respect to the Notes have been remedied, cured or waived. 
 Trustee Dealings with Company. Except as
prohibited by the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or its affiliates and may otherwise deal with the Company or its
affiliates as if it were not the Trustee. 

 No Recourse Against Others. No recourse for the payment of the principal of, premium, if
any, or interest, if any, on the Notes issued under the Indenture or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any of the Company’s obligations, covenants or agreements in the Indenture or a
supplemental indenture, or in Notes or because of the creation of any Indebtedness represented thereby, shall be had against any of the Company’s incorporators, stockholders, officers, directors or employees or of any successor Person thereof.
Each Holder, by accepting Notes issued under the Indenture, waives and releases all such liability. The waiver and release are a condition of, and part of the consideration for the issuance of the Notes. 

Authentication. This Note shall not be entitled to any right or benefit under the Indenture, or be valid, or become obligatory for any
purpose, until the Trustee or authenticating agent signs the certificate of authentication on the other side of this Note. 

Governing Law. The Notes shall be governed by and construed in accordance with the laws of the State of New York without regard to
principles of conflicts of laws. 
 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to Nucor Corporation, 1915 Rexford Road, Charlotte, North Carolina 28211, Attention: Corporate Secretary. 

 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
 I or we assign and transfer this
Note 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 Note on the books of the Company. The agent may substitute another to act
for him. 
  

											
		 	Date:	 	  
	 		 	Your Signature:	 	  

		 		 		 		 	 (sign exactly as your name appears on the other side of the Note)

  

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

 Exhibit B 
 FORM OF GLOBAL NOTE DUE 2043 
 [FACE OF THE NOTE] 

THIS SECURITY IS A GLOBAL DEBT SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY (AS
DEFINED IN THE INDENTURE) OR A NOMINEE OF A DEPOSITARY OR A SUCCESSOR DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN
THE INDENTURE, AND NO TRANSFER OF THIS NOTE (OTHER THAN AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR ITS NOMINEE) MAY BE REGISTERED EXCEPT IN SUCH SPECIFIED CIRCUMSTANCES. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO NUCOR CORPORATION OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR TO SUCH OTHER ENTITY OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON 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. 

 Nucor Corporation 
 5.200% Notes due 2043 
  

			
	N-    	  	CUSIP 670346AN5
		
		  	$

 Issue Date: 
 NUCOR CORPORATION, a Delaware corporation (the “Company”, which term includes any successor under the Indenture hereinafter referred to), for value received, promises to pay to Cede &
Co., or its registered assigns, the principal sum of              Dollars ($        ) on August 1, 2043. The 5.200% Notes due 2043
are herein referred to as the “Notes”. 
 Interest Payment Dates: February 1 and August 1, commencing
February 1, 2014. 
 Record Dates: January 15 and July 15. 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually or by facsimile
by a duly authorized officer. 
  

							
	        Date:	 		  	NUCOR CORPORATION,
		 		  	as Issuer
				
		 		  	By:	  	  

		 		  		  	Name:
		 		  		  	Title:

 Trustee’s Certificate of Authentication 

This 5.200% Note due 2043 is one of the series of Debt Securities referred to in the within-mentioned Indenture. 

 

							
	        Date:	 		  	THE BANK OF NEW YORK MELLON,
		 		  	as Trustee
				
		 		  	By:	  	  

		 		  		  	Authorized Signatory

 [REVERSE SIDE OF NOTE] 

NUCOR CORPORATION 

5.200% Notes due 2043 
 Principal and Interest. The Company will pay the principal of this Note on August 1, 2043. 
 The Company promises to pay interest on the principal amount of this Note on each Interest Payment Date indicated on the face of this Note (each an “Interest Payment Date”), as set forth below,
at the rate per annum shown above. 
 Interest will be payable semiannually in arrears on each Interest Payment Date, commencing
February 1, 2014. 
 Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no
interest has been paid, from July 29, 2013; provided that, if there is no existing default in the payment of interest and if this Note is authenticated between a regular Record Date as indicated on the face of this Note (each a “Record
Date”) referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such Interest Payment Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

The Company shall pay interest on overdue principal and premium and interest on overdue installments of interest, to the extent lawful,
at the rate borne by the Notes. 
 Method of Payment. The Company will pay interest (except as provided pursuant to Article
Seven of the Indenture with respect to defaulted interest and interest) on the principal amount of the Notes as provided above on each February 1 and August 1 to the Persons who are Holders (as reflected in the Debt Security register at
the close of business on the January 15 and July 15 next preceding the applicable Interest Payment Date), even if such Notes are cancelled after such Record Date and on or before such Interest Payment Date. On and after the redemption or
repurchase of any of the Notes by the Company, interest, if any, shall cease to accrue on the Notes, or portion thereof, subject to redemption or repurchase. With respect to the payment of principal, the Company will make payment to the Holder that
surrenders this Note to the paying agent with respect to the Notes (a “Paying Agent”) on or after August 1, 2043. 
 Principal of and premium, if any, and interest on the Notes initially will be payable in accordance with the procedures of DTC and its participants in effect from time to time. The Notes will be
exchangeable and transfers of the Notes will be registrable, subject to the limitations provided in the Indenture (as defined below), at the principal corporate trust office of the Trustee (as defined below) in New York, New York. 

If any Interest Payment Date, stated maturity date or earlier redemption date falls on a Saturday, a Sunday or a day on which banking
institutions are authorized by law to close, then the required payment of principal of and premium, if any, and interest may be made on the 

 
next succeeding day not a Saturday, a Sunday or a day on which banking institutions are authorized by law to close, as if it were made on the date payment was due, and no interest will accrue on
the amount so payable for the period from and after that Interest Payment Date, the stated maturity date or earlier redemption date, as the case may be. 
 All payments made in respect of the Notes are to be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts.

 Paying Agent and Registrar. Initially, the Trustee will act as authenticating agent, Paying Agent and registrar (the
“Registrar”) with respect to the Notes. The Company may change any authenticating agent, Paying Agent or Registrar without notice. The Company, any Subsidiary or any affiliate of any of them may act as Paying Agent, Registrar or
co-Registrar. 
 Indenture; Limitations. The Company issued the Notes under an Indenture dated as of January 12, 1999 (the
“Original Indenture”), as supplemented by the Sixth Supplemental Indenture dated July 29, 2013 (the “Sixth Supplemental Indenture” and, together with the Original Indenture, the “Indenture”), between the Company
and The Bank of New York Mellon, as trustee (the “Trustee”). Capitalized terms herein are used as defined in the Indenture unless otherwise indicated. Reference is made to the Indenture and the Trust Indenture Act of 1939, as amended (the
“Trust Indenture Act”), for a full, complete and detailed statement of the purposes for which the Notes are issued, the terms on which the Notes are issued and the terms, provisions and conditions governing payment of the Notes and the
provisions, among others, with respect to the nature and extent of the rights, duties and obligations of the Trustee, the Paying Agent, the Registrar, the authenticating agent, Holders and the Company. The Holder of this Note, by acceptance of this
Note, is deemed to have agreed and consented to the terms and provisions of the Indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act. The Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. 
 The Notes are general unsecured obligations of the Company. This Note is not secured by any collateral, including assets of the Company or any of its Subsidiaries. The Sixth Supplemental Indenture
establishes the original aggregate principal amount of the Notes at $500,000,000, all of which were issued by the Company on the Issue Date indicated on the face of this Note, and this Note shall represent the aggregate principal amount of such
outstanding Notes from time to time endorsed thereon pursuant to the Indenture. The aggregate principal amount of outstanding Notes represented hereby may from time to time by increased or decreased by adjustments made on the records of the Trustee,
as custodian for the Depositary or its nominee, as provided in the Sixth Supplemental Indenture. 
 Optional Redemption. Before
the date that is six months prior to August 1, 2043, the Notes will be redeemable, in whole at any time or in part from time to time, at the Company’s option, at a redemption price equal to the greater of (i) 100% of the principal
amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Notes (not including the portion of any such payments of interest accrued to the redemption date)
discounted to the redemption date on a semi-annual 

 
basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (determined on the third Business Day preceding the redemption date), plus accrued and unpaid
interest thereon to, but excluding, the redemption date. 
 On or after the date that is six months prior to August 1,
2043, the Notes will be redeemable, in whole at any time or in part from time to time, at the Company’s option at par plus accrued and unpaid interest thereon to, but excluding, the date of redemption. Notwithstanding the foregoing,
installments of interest on the Notes that are due and payable on Interest Payment Dates falling on or prior to a redemption date will be payable on the Interest Payment Date to the Holders as of the close of business on the relevant Record Date.

 Change of Control Offer to Purchase. Upon a Change of Control Triggering Event, the Company shall be required to make an
offer to purchase the Notes on the terms set forth in the Sixth Supplemental Indenture. 
 Denominations; Transfer; Exchange.
The Notes are in registered form without coupons in minimum denominations of $2,000 of principal amount and integral multiples of $1,000 in excess thereof. The transfer or exchange of Notes may be registered and the Notes may be exchanged in
accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes, fees and/or other governmental charges required by law or permitted by the
Indenture. The Registrar need not register the transfer or exchange of any Notes selected for redemption. Also, it need not register the transfer or exchange of any Notes for a period of 15 days before the day of the mailing of a notice of
redemption of Notes selected for redemption. 
 As provided in the Indenture and subject to certain limitations therein set
forth, the Notes will be issued only in registered form and initially will be represented by one or more Global Notes registered in the name of a nominee of DTC. Beneficial interests in the Notes will be shown on, and transfers thereof will be
effected only through, the records maintained by DTC participants. Except for the limited circumstances described in the Indenture, owners of beneficial interests in the Notes will not be entitled to receive definitive Notes in registered,
certificated form and will not be considered the Holders thereof. 
 The Company will provide for registration of transfers of
the Notes through the Registrar, subject to the operations and procedures of DTC and its participants in effect from time to time, upon receipt of the information regarding the form of transfer and the status of the transferee to be provided on the
Assignment Form attached hereto, along with such other opinions of counsel, certifications and/or other information satisfactory to the Company and the Trustee in connection with certain transfers. 

Persons Deemed Owners. A Holder shall be treated as the owner of a Note for all purposes. 

Unclaimed Money. If money for the payment of principal and premium, if any, or interest remains unclaimed for one year, the Trustee or
the Paying Agent will pay the money back to the Company at its written request. After that, Holders entitled to the money must look 

 
to the Company for payment, unless applicable law designates another Person, and all liability of the Trustee and such Paying Agent with respect to such money shall cease. 

Defeasance and Discharge Prior to Redemption or Maturity. If the Company deposits with the Trustee, in trust, money, U.S. Government
Obligations and/or Eligible Obligations or any combination of the foregoing which through the payment of interest thereof and principal thereof in accordance with their terms will provide money in an amount sufficient to pay the then outstanding
principal of, interest, if any, and premium, if any, on the Notes (and any other Debt Securities of the same series) to redemption or maturity, and complies with certain other provisions of the Indenture relating thereto, (i) the Company will
be deemed to have paid and will be discharged from any and all obligations in respect of the Notes and (ii) certain provisions set forth in the Indenture will no longer be in effect with respect to the Notes. In addition, the Company can obtain
a Discharge with respect to all the Debt Securities of a series by depositing with the Trustee, in trust, funds sufficient to pay at maturity or upon redemption all of the Debt Securities of that series, provided that all of the Debt Securities of
that series are by their terms to become due and payable within one year or are to be called for redemption within one year. 

Amendment; Supplement; Waiver. Subject to certain exceptions, the Indenture or the Notes may be amended or supplemented with the consent
of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding, and, subject to Section 13 of the Indenture, any existing default or Event of Default or compliance with any provision may be waived with the
consent of the Holders of at least a majority in principal amount of the Notes then outstanding; provided, however, that no supplemental indenture may, without the consent of the Holders of all Debt Securities of that series then outstanding
(i) change the fixed maturity (which term for these purposes does not include payments due pursuant to any sinking, purchase or analogous fund) of those Debt Securities, reduce the principal amount thereof, reduce the rate or extend the time of
payment of interest thereon, reduce any premium payable upon the redemption thereof or impair the right to institute suit for the enforcement of any such payment on or after the maturity thereof (or, in the case of redemption, on or after the
redemption date without the consent of the Holder of each Debt Security so affected), or (ii) reduce the percentage of Debt Securities of a series required to approve any such supplemental indenture. Without notice to or the consent of any
Holder, the parties thereto may amend or supplement the Indenture or the Notes to, among other things, clarify or cure any ambiguity, defect or inconsistency and make any change that does not adversely affect the rights of any Holder in any material
respect. 
 Restrictive Covenants. The Indenture imposes certain limitations on the ability of the Company and its Restricted
Subsidiaries, among other things, to (a) create, assume, issue, guarantee, or incur any Secured Indebtedness, (b) enter into any Sale and Leaseback Transaction, (c) merge into or consolidate with or convey or transfer its properties
substantially as an entirety to any Person. Within 120 days after the end of the last fiscal quarter of each year, the Company shall deliver to the Trustee an officer’s certificate stating whether or not the signer knows of any noncompliance
with the terms, provisions, covenants and conditions under the Indenture. 

 Successor Persons. When a successor Person or other entity assumes all the obligations of
its predecessor under the Notes and the Indenture, as permitted by the Indenture, the predecessor Person will be released from those obligations. 
 Defaults and Remedies. An Event of Default is: (a) default in the payment of any installment of interest upon the Notes (or other Debt Securities of the same series), and continuance of such default
for 15 days after receipt by the Company of written notice of such default from any Person; (b) default in the payment of the principal of or premium, if any, on the Notes (or other Debt Securities of the same series), as the same shall become
due and payable either at maturity, upon redemption, by declaration or otherwise; (c) failure by the Company to observe or perform any other covenants under the Indenture for 90 days after receipt by the Company of a written notice by the
Trustee or receipt by the Company and the Trustee of written notice by Holders of at least 25% of the aggregate principal amount of the Notes (or other Debt Securities of the same series) then outstanding; and (d) certain events of bankruptcy,
insolvency and reorganization as described in the Indenture. 
 If an Event of Default, as defined in the Indenture, occurs and
is continuing, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of such Holders shall, declare all the Notes to be due and payable. Holders may not
enforce the Indenture or the Notes, or take any action with respect to any Event of Default under the Indenture, or to institute, appear in or defend any suit or other proceeding with respect thereto, except as provided in the Indenture. The Trustee
may require indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations under the Indenture, Holders of at least a majority in principal amount of the Notes then outstanding may direct in accordance
with the provisions of the Indenture the Trustee in its exercise of any trust or power, including waiver of all past defaults, rescission and annulment of a declaration of acceleration and its consequences and exercise of any right, remedy or power
available to the Trustee. 
 Prior to any declaration accelerating the maturity of the Notes, the Holders of a majority in
principal amount of the outstanding Notes may, on behalf of the Holders of the Notes, waive any past default or Event of Default with respect to the Notes except a default (i) in the payment of principal of, premium, if any, or interest, if
any, on the Notes or (ii) in regard to a covenant or provision applicable to that series that cannot be modified or amended without the consent of the Holder of each outstanding Note. After the principal of all outstanding Notes has been
declared due and payable but before any judgment or decree for the payment of the money has been obtained or entered, the Holders of a majority in principal amount of the outstanding Notes may waive all defaults with respect to the Notes and rescind
and annul that declaration if the Company has paid or deposited with the Trustee a sum sufficient to pay all matured installments of principal, premium, if any, and interest which has become due other than by acceleration, and any and all other
Events of Default with respect to the Notes have been remedied, cured or waived. 
 Trustee Dealings with Company. Except as
prohibited by the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from and perform services for the Company or its affiliates and may otherwise deal with the Company or its
affiliates as if it were not the Trustee. 

 No Recourse Against Others. No recourse for the payment of the principal of, premium, if
any, or interest, if any, on the Notes issued under the Indenture or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any of the Company’s obligations, covenants or agreements in the Indenture or a
supplemental indenture, or in Notes or because of the creation of any Indebtedness represented thereby, shall be had against any of the Company’s incorporators, stockholders, officers, directors or employees or of any successor Person thereof.
Each Holder, by accepting Notes issued under the Indenture, waives and releases all such liability. The waiver and release are a condition of, and part of the consideration for the issuance of the Notes. 

Authentication. This Note shall not be entitled to any right or benefit under the Indenture, or be valid, or become obligatory for any
purpose, until the Trustee or authenticating agent signs the certificate of authentication on the other side of this Note. 

Governing Law. The Notes shall be governed by and construed in accordance with the laws of the State of New York without regard to
principles of conflicts of laws. 
 The Company will furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to Nucor Corporation, 1915 Rexford Road, Charlotte, North Carolina 28211, Attention: Corporate Secretary. 

 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
 I or we assign and transfer this
Note 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 Note on the books of the Company. The agent may substitute another to act
for him. 
  

											
		 	Date:	 	  
	 		 	Your Signature:	 	  

		 		 		 		 	 (sign exactly as your name appears on the other side of the Note)

  

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

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